Company Information

  

Address: APT. D11, LES ACANTHES
6, AVENUE DES CITRONNIERS 
City: MONACO 
State:  
Zip Code: MC98000 
Telephone: 011-30-2-111-888-400 

Description of Business

Primary SIC Code: 4412
(As filed with the SEC)  

Safe Bulkers, Inc. was incorporated in the Republic of the Marshall Islands on December 11, 2007, under the BCA, for the purpose of acquiring ownership of various subsidiaries that either owned or were scheduled to own vessels. We are controlled by the Hajioannou family, which has a long history of operating and investing in the international shipping industry, including a long history of vessel ownership. Vassos Hajioannou, the late father of Polys Hajioannou, our chief executive officer, first invested in shipping in 1958. Polys Hajioannou has been actively involved in the industry since 1987, when he joined the predecessor of Safety Management. Over the past 20 years under the leadership of Polys Hajioannou, we have renewed our fleet by selling 16 drybulk vessels during periods of what we viewed as favorable secondhand market conditions and contracting to acquire 52 drybulk newbuilds and four drybulk secondhand vessels.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
09/2017-0.19NAN/E
06/2017-1.10NAN/E
12/2016-0.83NAN/E
09/2016-0.34NAN/E
06/2016-0.55NAN/E
03/2016-0.88NAN/E
12/2015-0.74NAN/E
09/2015-0.280.010N/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-0.15Total Liab/Total Assets0.51
Net Inc/Total Assets-0.05Total Liab/Inv Cap0.52
Net Inc/Inv Cap-0.05Total Liab/Comm Equity1.55
Pretax Inc/Net Sales-0.51Interest Coverage Ratio-1.86
Net Inc/Net Sales-0.51Curr Debt/Equity0.02
Cash Flow/Net Sales0.12LTD/Equity0.99
SG&A/NetSales0.68Total Debt/Equity1.01
Asset Utilization   Liquidity  
Net Receivables Turnover13.25Quick Ratio4.45
Inventory TurnoverNACurrent Ratio4.67
Inventory Day SalesNANet Rec/Curr Assets0.08
Net Sales/Work Cap1.26Inv/Curr Assets0.05
Net Sales/PP&E0.10  

Income Statement (Millions)

  12/31/2016 12/31/2015 12/31/2014 12/31/2013
Total Revenues(Net Sales) 109.77 127.32 154.09 186.72
Cost of Goods Sold NA NA NA NA
Selling & Admin Exps 74.54 87.94 80.29 56.48
Operating Income -31.41 -32.02 26.72 92.85
Interest Exp 19.58 11.65 8.34 9.09
Pretax Income -55.97 -47.94 14.63 83.26
Other Income -4.98 -4.28 -3.75 -0.50
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -55.97 -47.94 14.63 83.26

Balance Sheet (Millions)

Assets 12/31/2016 12/31/2015 12/31/2014 12/31/2013
Cash & Short Term Investments 94.81 196.75 118.25 121.42
Receivables - Total 9.00 7.57 4.74 36.37
Inventories - Total 5.17 5.17 11.19 12.60
Total Current Assets 111.01 243.16 135.89 173.19
Net Property, Plant & Equipment 1,051.73 1,056.52 1,034.67 931.50
Total Assets 1,173.75 1,309.63 1,176.43 1,112.22
Liabilities        
Accounts Payable 9.55 9.26 7.51 8.28
Debt in Current Liabilities 12.19 77.79 16.23 35.92
Total Current Liabilities 23.78 105.73 27.33 57.30
Long-Term Debt 569.94 569.76 449.00 476.38
Total Liabilities 595.22 675.49 476.33 533.88
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.07 0.07 0.07 0.02
Common Stock 0.10 0.08 0.08 0.08
Retained Earnings 194.25 264.26 329.74 341.03
Treasury Stock -0.12 0.00 NA NA
Total Stockholders' Equity 578.54 634.15 700.10 578.34
Total Liabilities and Stockholders' Equity 1,173.75 1,309.63 1,176.43 1,112.22

Cash Flow Summary (Millions)

Categories 12/31/2016 12/31/2015 12/31/2014 12/31/2013
Net Cash Provided by Operating Activities 13.48 25.52 43.73 100.59
Net Cash Provided by Investing Activities 21.27 -182.18 -67.01 -100.34
Net Cash Provided by Financing Activities -83.88 180.09 65.92 -38.30

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2012184.3096.121.27
12/2013186.7283.261.05
12/2014154.0914.630.10
12/2015127.32-47.94-0.74
12/2016109.77-55.97-0.83
Growth Rates-12.15----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/177620,52020.21




Report Date : 12/4/2017

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