International Seaways, Inc(NYSE:INSW) 
International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trade. It operates through two segments, Crude Tankers and Product Carriers. As of March 12, 2021, the company owned and operated a fleet o...
Website: http://www.intlseas.com
Founded: 1999
Full Time Employees: 1,666
Sector: Industrials
Industry: Marine Shipping
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Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
shipping revenues: | ||||||||||||||||||||||||||||||||||||||
pool revenues, including 46,687, 57,062, 151,640 and 211,050 | ||||||||||||||||||||||||||||||||||||||
from companies accounted for by the equity method | 108,097,750 | 146,023,000 | 148,772,000 | 137,596,000 | 150,992,500 | 170,007,000 | 207,681,000 | 226,282,000 | 175,408,500 | 194,465,000 | 247,591,000 | 259,578,000 | 115,932,250 | 215,240,000 | 164,727,000 | 83,762,000 | 74,340,000 | 50,543,000 | 26,455,000 | 24,659,000 | 22,495,000 | 49,217,000 | 100,059,000 | 101,209,000 | 95,427,000 | 46,278,000 | ||||||||||||
time charter revenues | 27,906,500 | 39,040,000 | 36,729,000 | 35,857,000 | 24,757,500 | 36,842,000 | 31,139,000 | 31,049,000 | 16,712,250 | 27,587,000 | 26,112,000 | 13,150,000 | ||||||||||||||||||||||||||
voyage charter revenues | 12,531,000 | 11,325,000 | 10,140,000 | 9,941,000 | 11,330,000 | 18,341,000 | 18,589,000 | 17,070,000 | 16,865,000 | 19,656,000 | 18,500,000 | 14,402,000 | 16,725,000 | 13,102,000 | 15,337,000 | 11,545,000 | 10,312,000 | 20,609,000 | 8,135,000 | 7,399,000 | 12,042,000 | 19,372,000 | 13,011,000 | 15,524,000 | 20,669,000 | 17,362,000 | 17,756,000 | 28,717,000 | 23,670,000 | 18,273,000 | 16,700,000 | 8,551,000 | 10,699,000 | 10,146,000 | 15,176,000 | 21,627,000 | 18,573,000 | 13,905,000 |
shipping revenues: - sum | 267,879,000 | 196,388,000 | 195,641,000 | 183,394,000 | 194,613,000 | 225,190,000 | 257,409,000 | 274,401,000 | 250,734,000 | 241,708,000 | 292,203,000 | 287,130,000 | 338,157,000 | 236,829,000 | 188,197,000 | 101,482,000 | 94,670,000 | 84,816,000 | 46,304,000 | 46,756,000 | 56,703,000 | 99,883,000 | 139,725,000 | 101,874,000 | 100,548,000 | 60,926,000 | 56,909,000 | 51,978,000 | 69,426,000 | 59,968,000 | 71,957,000 | 88,750,000 | 85,810,000 | 80,771,000 | ||||
operating expenses: | ||||||||||||||||||||||||||||||||||||||
voyage expenses | 7,897,000 | 3,920,000 | 6,819,000 | 5,052,000 | 3,973,000 | 5,503,000 | 5,561,000 | 3,473,000 | 2,822,000 | 5,756,000 | 3,868,000 | 3,810,000 | 2,507,000 | 2,283,000 | 2,658,000 | 3,507,000 | 1,665,000 | 11,848,000 | 1,586,000 | 1,587,000 | 3,750,000 | 5,851,000 | 4,436,000 | 5,606,000 | 6,427,000 | 5,470,000 | 6,523,000 | 7,845,000 | 7,514,000 | 9,673,000 | 6,897,000 | 3,177,000 | 4,332,000 | 3,479,000 | 2,677,000 | 4,618,000 | 3,595,000 | 3,605,000 |
vessel expenses | 65,879,000 | 65,815,000 | 67,421,000 | 67,028,000 | 73,171,000 | 71,269,000 | 67,840,000 | 63,381,000 | 71,023,000 | 64,596,000 | 65,151,000 | 58,769,000 | 62,229,000 | 58,565,000 | 59,563,000 | 60,317,000 | 70,679,000 | 58,174,000 | 27,877,000 | 26,327,000 | 33,634,000 | 31,501,000 | 30,278,000 | 32,960,000 | 31,571,000 | 30,350,000 | 30,746,000 | 30,538,000 | 32,384,000 | 34,433,000 | 31,528,000 | 36,658,000 | 35,039,000 | 37,095,000 | 35,373,000 | 33,728,000 | 37,005,000 | 35,401,000 |
charter hire expenses | 7,355,000 | 7,134,000 | 9,627,000 | 9,145,000 | 8,998,000 | 7,245,000 | 6,948,000 | 6,648,000 | 8,805,000 | 11,297,000 | 10,502,000 | 8,800,000 | 9,333,000 | 7,797,000 | 7,693,000 | 7,309,000 | 6,651,000 | 5,679,000 | 5,863,000 | 5,741,000 | 5,901,000 | 6,442,000 | 7,540,000 | 10,231,000 | 12,913,000 | 14,381,000 | 13,033,000 | 17,185,000 | 14,825,000 | 10,739,000 | 10,723,000 | 8,623,000 | 9,355,000 | 9,958,000 | 11,036,000 | 11,351,000 | 10,989,000 | 9,613,000 |
depreciation and amortization | 41,362,000 | 41,170,000 | 41,349,000 | 39,705,000 | 39,466,000 | 39,304,000 | 36,517,000 | 34,153,000 | 33,682,000 | 33,363,000 | 32,445,000 | 29,548,000 | 28,404,000 | 27,728,000 | 27,256,000 | 27,000,000 | 27,035,000 | 25,806,000 | 17,079,000 | 16,754,000 | 18,182,000 | 19,014,000 | 18,880,000 | 18,267,000 | 18,945,000 | 18,961,000 | 18,818,000 | 18,929,000 | 18,683,000 | 19,317,000 | 16,804,000 | 17,624,000 | 20,610,000 | 20,528,000 | 19,099,000 | 18,616,000 | 19,403,000 | 20,376,000 |
general and administrative | 13,049,000 | 11,804,000 | 12,165,000 | 13,217,000 | 15,113,000 | 13,411,000 | 11,985,000 | 12,374,000 | 12,391,000 | 12,314,000 | 11,522,000 | 11,246,000 | 13,499,000 | 11,839,000 | 10,847,000 | 10,166,000 | 10,096,000 | 8,191,000 | 6,829,000 | 8,140,000 | 7,497,000 | 7,422,000 | 6,694,000 | 7,434,000 | 7,279,000 | 6,449,000 | 6,297,000 | 6,773,000 | 6,777,000 | 5,434,000 | 6,064,000 | 6,029,000 | 6,593,000 | 6,603,000 | 5,182,000 | 6,358,000 | 4,550,000 | 9,894,000 |
other operating expenses | 1,804,000 | 1,520,000 | 122,000 | 95,000 | 105,000 | 985,000 | 1,454,000 | |||||||||||||||||||||||||||||||
third-party debt modification fees | 168,000 | 148,000 | 13,000 | 407,000 | 71,000 | 900,000 | 187,000 | 84,000 | 26,000 | 232,000 | 30,000 | 13,000 | -9,000 | 1,302,000 | 110,000 | 1,191,000 | 7,939,000 | |||||||||||||||||||||
gain on disposal of vessels and other assets | -8,727,000 | -13,658,000 | -11,229,000 | -10,021,000 | -51,000 | |||||||||||||||||||||||||||||||||
total operating expenses | 129,717,000 | 117,705,000 | 126,274,000 | 124,221,000 | 149,571,000 | 124,218,000 | 102,621,000 | 119,978,000 | 103,437,000 | 127,548,000 | 123,527,000 | 101,832,000 | 105,664,000 | 108,422,000 | 100,815,000 | 107,110,000 | 114,723,000 | 147,637,000 | 63,722,000 | 58,601,000 | 154,896,000 | 83,051,000 | 71,833,000 | 71,988,000 | 77,401,000 | 74,121,000 | 76,944,000 | 82,550,000 | 82,683,000 | 96,947,000 | 66,578,000 | 78,684,000 | 157,604,000 | 83,717,000 | 81,602,000 | 75,406,000 | 114,319,000 | 128,529,000 |
income from vessel operations | 138,162,000 | 78,683,000 | 69,367,000 | 59,173,000 | 45,042,000 | 100,972,000 | 154,788,000 | 154,423,000 | 147,297,000 | 114,160,000 | 168,676,000 | 185,298,000 | 232,493,000 | 128,407,000 | 87,382,000 | -20,053,000 | -62,821,000 | -17,418,000 | -11,845,000 | -98,193,000 | 16,832,000 | 67,892,000 | 53,349,000 | 2,136,750 | -2,843,000 | -7,934,000 | 19,324,000 | -9,669,000 | -26,706,000 | -88,178,000 | -23,749,000 | -9,645,000 | 13,344,000 | -28,509,000 | -47,758,000 | |||
other income | 799,000 | 1,486,000 | 2,040,000 | 1,844,000 | 1,593,000 | 3,211,000 | 2,360,000 | 2,954,000 | 2,344,000 | 646,000 | 3,381,000 | 4,281,000 | 2,772,000 | 360,000 | -574,000 | -226,000 | 111,500 | -113,000 | 267,000 | 292,000 | -3,374,250 | -208,000 | 143,000 | -13,432,000 | -3,102,000 | 284,000 | 839,000 | 1,036,000 | -991,000 | 220,000 | 679,000 | 140,000 | 190,000 | -6,760,000 | 86,000 | 37,000 | -2,244,000 | |
income before interest expense | 53,148,250 | 80,169,000 | 71,407,000 | 61,017,000 | ||||||||||||||||||||||||||||||||||
interest expense | -11,868,000 | -9,623,000 | -9,761,000 | -11,452,000 | -11,895,000 | -12,496,000 | -12,425,000 | -12,887,000 | -14,081,000 | -16,817,000 | -17,914,000 | -16,947,000 | -17,091,000 | -15,332,000 | -12,558,000 | -12,740,000 | -11,871,000 | -10,639,000 | -7,006,000 | -7,280,000 | -7,823,000 | -7,999,000 | -8,881,000 | -12,009,000 | -14,281,000 | -17,010,000 | -17,443,000 | -17,533,000 | -18,204,000 | -17,320,000 | -13,086,000 | -11,621,000 | -11,367,000 | -11,030,000 | -9,076,000 | -8,965,000 | -9,525,000 | -9,519,000 |
income before income taxes | 127,093,000 | 70,546,000 | 34,740,000 | 91,687,000 | 144,723,000 | 144,490,000 | 135,560,000 | 97,989,000 | 154,143,000 | 172,632,000 | 218,454,000 | 113,434,000 | 69,088,000 | -12,997,000 | -33,052,000 | -67,843,000 | -18,782,000 | -13,365,000 | -116,889,000 | 13,981,000 | 64,359,000 | 33,019,000 | 15,892,000 | -11,095,000 | -16,523,000 | 10,897,000 | 6,842,000 | -47,783,000 | -18,796,000 | -29,308,000 | -90,707,000 | -21,793,000 | -11,615,000 | 18,071,000 | -57,474,000 | -50,882,000 | ||
income tax benefit | 1,083,000 | 1,000 | 1,000 | -7,750 | -23,000 | -39,250 | 20,000 | |||||||||||||||||||||||||||||||
net income | 127,504,000 | 70,546,000 | 61,646,000 | 49,565,000 | 35,823,000 | 91,688,000 | 144,723,000 | 144,490,000 | 132,114,000 | 97,937,000 | 153,762,000 | 172,633,000 | 218,429,000 | 113,427,000 | -34,634,000 | -67,878,000 | -18,783,000 | -13,365,000 | -116,889,000 | 13,981,000 | 64,358,000 | 33,019,000 | 15,891,000 | -11,095,000 | -16,523,000 | 10,897,000 | 6,958,000 | -47,786,000 | -18,796,000 | -29,316,000 | -90,720,000 | -21,816,000 | -11,619,000 | 18,067,000 | -57,757,000 | -50,862,000 | ||
yoy | 255.93% | -23.06% | -57.40% | -65.70% | -72.88% | -6.38% | -5.88% | -16.30% | -39.52% | -13.66% | -730.68% | -267.10% | -70.37% | -585.50% | -129.19% | -140.48% | -835.57% | -226.01% | -489.51% | 203.01% | 128.38% | -76.78% | -12.09% | -137.17% | -107.67% | 119.04% | 61.77% | -262.26% | 57.07% | -57.11% | ||||||||
qoq | 80.74% | 14.44% | 24.37% | 38.36% | -60.93% | -36.65% | 0.16% | 9.37% | 34.90% | -36.31% | -10.93% | -20.97% | 92.57% | -48.98% | 261.38% | 40.54% | -88.57% | -936.06% | -78.28% | 94.91% | 107.78% | -243.23% | -32.85% | -251.63% | 56.61% | -114.56% | 154.23% | -35.88% | -67.69% | 315.84% | 87.76% | -164.31% | -131.28% | 13.56% | ||||
weighted-average number of common shares outstanding: | ||||||||||||||||||||||||||||||||||||||
basic | 49,335,230,000 | 49,348,406,000 | 49,323,071,000 | 49,307,449,000 | 49,270,496,000 | 49,544,412,000 | 49,387,193,000 | 48,972,842,000 | 48,978,452,000 | 48,861,356,000 | 49,029,784,000 | 49,138,613,000 | 49,381,459,000 | 49,312,716,000 | 49,602,181,000 | 46,903,955,000 | 28,051,946,000 | 28,023,815,000 | 27,932,928,000 | 28,469,969,000 | 29,154,639,000 | 29,249,233,000 | 29,220,345,000 | 29,181,233,000 | 29,136,634,000 | 29,154,366,000 | 29,130,230,000 | 29,106,180,000 | 29,159,440,000 | 29,202,437,000 | 29,194,240,000 | 29,180,255,000 | ||||||
diluted | 49,595,945,000 | 49,606,210,000 | 49,476,481,000 | 49,528,814,000 | 49,680,127,000 | 49,881,317,000 | 49,721,858,000 | 49,377,948,000 | 49,428,967,000 | 49,275,022,000 | 49,404,837,000 | 49,646,331,000 | 49,844,904,000 | 49,743,700,000 | 49,878,645,000 | 46,903,955,000 | 28,051,946,000 | 28,023,815,000 | 28,026,005,000 | 28,639,780,000 | 29,348,393,000 | 29,249,233,000 | 29,220,345,000 | 29,223,187,000 | 29,136,634,000 | 29,154,366,000 | 29,130,230,000 | 29,106,180,000 | 29,159,440,000 | 29,202,437,000 | 29,194,240,000 | 29,195,544,000 | ||||||
per share amounts: | ||||||||||||||||||||||||||||||||||||||
basic net income per share | 2.59 | 1.43 | 1.25 | 1 | 0.73 | 1.85 | 2.93 | 2.95 | 2.7 | 2 | 3.13 | 3.51 | -0.725 | -1.44 | -0.67 | -0.48 | 0.975 | 0.5 | 2.26 | 1.13 | ||||||||||||||||||
diluted net income per share | 2.56 | 1.42 | 1.25 | 1 | 0.72 | 1.84 | 2.91 | 2.92 | 2.67 | 1.99 | 3.11 | 3.47 | -0.725 | -1.44 | -0.67 | -0.48 | 0.97 | 0.5 | 2.24 | 1.12 | ||||||||||||||||||
pool revenues, including 57,152, 70,090, 104,357 and 153,988 | ||||||||||||||||||||||||||||||||||||||
pool revenues, including 46,910 and 83,898 | ||||||||||||||||||||||||||||||||||||||
pool revenues, including 57,062, 72,877, 211,050 and 250,909 | ||||||||||||||||||||||||||||||||||||||
loss on disposal of vessels and other assets | -10,350,500 | -13,499,000 | -27,852,000 | |||||||||||||||||||||||||||||||||||
income before interest expense and income taxes | 46,635,000 | 104,183,000 | 157,148,000 | 157,377,000 | 149,641,000 | 114,806,000 | 172,057,000 | 189,579,000 | 235,545,000 | 128,766,000 | 81,646,000 | -21,181,000 | -57,204,000 | -11,776,000 | -6,085,000 | -109,066,000 | 21,980,000 | 73,240,000 | 45,028,000 | 8,816,250 | 5,915,000 | 920,000 | 28,430,000 | -13,465,000 | -30,463,000 | -5,710,000 | -17,687,000 | |||||||||||
pool revenues, including 70,090, 86,325, 153,988 and 178,032 | ||||||||||||||||||||||||||||||||||||||
income tax provision | -3,446,000 | -52,000 | -381,000 | -25,000 | -7,000 | -52,000 | -4,000 | -1,582,000 | -35,000 | -1,000 | -250 | -1,000 | -2,750 | -3,000 | -8,000 | -4,000 | -4,000 | |||||||||||||||||||||
pool revenues, including 83,898 and 91,707 | ||||||||||||||||||||||||||||||||||||||
pool revenues, including 72,877, 52,722, 250,909 and 107,106 | ||||||||||||||||||||||||||||||||||||||
loss on disposal of vessels and other assets, net of impairments | -2,662,000 | 74,000 | 26,000 | -10,308,000 | 139,000 | -8,102,000 | -1,376,000 | |||||||||||||||||||||||||||||||
equity in results of affiliated companies | ||||||||||||||||||||||||||||||||||||||
operating income | 147,297,000 | 114,160,000 | 168,676,000 | 185,298,000 | 232,773,000 | 128,406,000 | 82,220,000 | -31,000 | -14,788,000 | -57,091,000 | -12,043,000 | -6,377,000 | -109,746,000 | 22,188,000 | 73,097,000 | 58,460,000 | 8,276,500 | 5,631,000 | 81,000 | 27,394,000 | 24,797,000 | -30,683,000 | -847,000 | -18,366,000 | -79,480,000 | -10,953,000 | 4,221,000 | 26,950,000 | -47,753,000 | -35,270,000 | ||||||||
yoy | -36.72% | -11.09% | 105.15% | -597835.48% | -1674.07% | -324.91% | -782.72% | -99.51% | -86.53% | -357.31% | -116.48% | -110.91% | -1426.00% | 294.03% | 90143.21% | 113.40% | -66.62% | -118.35% | -109.56% | -249.16% | -131.20% | 180.13% | -120.07% | -168.15% | 66.44% | -68.95% | ||||||||||||
qoq | 29.03% | -32.32% | -8.97% | -20.40% | 81.28% | 56.17% | -265325.81% | -99.79% | -74.10% | 374.06% | 88.85% | -94.19% | -594.62% | -69.65% | 25.04% | 606.34% | 46.98% | 6851.85% | -99.70% | 10.47% | -180.82% | 3522.55% | -95.39% | -76.89% | 625.65% | -359.49% | -84.34% | -156.44% | 35.39% | |||||||||
pool revenues, including 86,325, 31,114, 178,032 and 54,385 | ||||||||||||||||||||||||||||||||||||||
pool revenues, including 91,707 and 23,271 | ||||||||||||||||||||||||||||||||||||||
gain on disposal of vessels and other assets, net of impairments | -10,748,000 | |||||||||||||||||||||||||||||||||||||
pool revenues, including 52,722, 14,552, 107,106 and 49,656 | ||||||||||||||||||||||||||||||||||||||
time and bareboat charter revenues | 10,239,000 | 8,487,000 | 8,133,000 | 6,175,000 | 10,018,000 | 13,664,000 | 11,714,000 | 14,698,000 | 22,166,000 | 31,294,000 | 26,655,000 | 8,604,000 | 7,926,000 | 7,638,000 | 6,541,000 | 5,520,000 | 5,508,000 | 5,932,000 | 6,608,000 | 7,913,000 | 11,290,000 | 12,024,000 | 14,442,000 | 17,350,000 | 21,129,000 | 24,012,000 | ||||||||||||
merger and integration related costs | 3,180,000 | 47,079,000 | 481,000 | |||||||||||||||||||||||||||||||||||
equity in income of affiliated companies | 280,000 | -1,000 | -5,162,000 | 5,597,000 | 5,265,000 | 5,730,000 | 5,375,000 | 5,468,000 | -11,553,000 | 5,356,000 | 5,205,000 | 5,111,000 | -13,346,000 | 8,474,000 | 8,015,000 | 8,070,000 | 6,932,000 | 5,338,000 | 8,822,000 | 8,340,000 | 8,698,000 | 12,796,000 | 13,866,000 | 13,606,000 | -19,244,000 | 12,488,000 | ||||||||||||
less: net loss attributable to noncontrolling interests | -131,500 | -526,000 | ||||||||||||||||||||||||||||||||||||
net income attributable to the company | 218,429,000 | 113,427,000 | 69,036,000 | -24,875,000 | -67,352,000 | |||||||||||||||||||||||||||||||||
basic net earnings per share | 0.855 | 2.3 | 1.39 | |||||||||||||||||||||||||||||||||||
diluted net earnings per share | 0.85 | 2.28 | 1.38 | |||||||||||||||||||||||||||||||||||
pool revenues, including 31,114, 17,857, 54,385 and 35,104 | ||||||||||||||||||||||||||||||||||||||
pool revenues, including 23,271 and 17,247 | ||||||||||||||||||||||||||||||||||||||
loss from vessel operations | -5,628,000 | -18,099,000 | -36,021,000 | |||||||||||||||||||||||||||||||||||
loss before interest expense and income taxes | -257,000 | |||||||||||||||||||||||||||||||||||||
net loss attributable to the company | -13,001,000 | |||||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding: | ||||||||||||||||||||||||||||||||||||||
basic and diluted | 49,571,337,000 | 38,407,007,000 | 28,372,375,000 | 29,225,483,000 | 29,157,992,000 | 29,157,387,000 | ||||||||||||||||||||||||||||||||
basic and diluted net loss per share | -0.26 | -0.143 | -0.38 | -0.57 | 0.24 | -1.64 | ||||||||||||||||||||||||||||||||
pool revenues, including 14,552, 36,977, 49,656 and 178,934 | ||||||||||||||||||||||||||||||||||||||
reversal of expected credit losses | -4,750 | -62,000 | ||||||||||||||||||||||||||||||||||||
loss on disposal of vessels and other property, net of impairments | -1,272,000 | -9,104,000 | 7,000 | -1,472,000 | 1,548,000 | |||||||||||||||||||||||||||||||||
pool revenues, including 17,857, 71,282, 35,104 and 141,957 | ||||||||||||||||||||||||||||||||||||||
provision for credit losses | 2,000 | 41,000 | 9,000 | -13,000 | -129,000 | 62,000 | 314,750 | -18,000 | -21,000 | 1,298,000 | ||||||||||||||||||||||||||||
loss on disposal of vessels and other property, including impairments | 4,005,000 | 11,000 | 85,923,000 | 12,834,000 | 4,134,000 | 2,487,000 | 17,360,000 | 81,449,000 | 5,406,000 | 29,734,000 | 49,640,000 | |||||||||||||||||||||||||||
pool revenues, including 17,247 and 70,675 | ||||||||||||||||||||||||||||||||||||||
pool revenues, including 36,977, 30,224, 178,934 and 98,115 | ||||||||||||||||||||||||||||||||||||||
pool revenues, including 71,282, 26,731, 141,957 and 67,891 | ||||||||||||||||||||||||||||||||||||||
pool revenues, including 70,675 and 41,160 | ||||||||||||||||||||||||||||||||||||||
gain on disposal of vessels and other property | -2,804,000 | |||||||||||||||||||||||||||||||||||||
pool revenues, including 30,224, 20,514, 98,115 and 49,639 | ||||||||||||||||||||||||||||||||||||||
pool revenues, including 26,731, 16,355, 67,891 and 29,125 | ||||||||||||||||||||||||||||||||||||||
received from companies accounted for by the equity method | 44,713,000 | 33,601,000 | ||||||||||||||||||||||||||||||||||||
pool revenues, including 41,160 and 12,769 received from companies accounted for by the equity method | 67,637,000 | |||||||||||||||||||||||||||||||||||||
loss on disposal of vessels and other property | -48,000 | 6,573,000 | ||||||||||||||||||||||||||||||||||||
basic and diluted net income per share | 0.37 | -0.65 | -1.01 | -3.11 | -0.75 | -0.4 | 0.62 | -1.98 | -1.74 | |||||||||||||||||||||||||||||
pool revenues, including 20,514, 13,309, 49,639 and 21,725 received from companies accounted for by the equity method | 26,459,000 | 36,721,000 | ||||||||||||||||||||||||||||||||||||
separation and transition costs | 116,000 | -543,000 | 296,000 | 735,000 | ||||||||||||||||||||||||||||||||||
pool revenues, including 16,355, 2,702, 29,125 and 8,416 | ||||||||||||||||||||||||||||||||||||||
gain on disposal of vessels and other property, net of impairments | -6,740,000 | |||||||||||||||||||||||||||||||||||||
other expense | -4,863,000 | |||||||||||||||||||||||||||||||||||||
pool revenues, including 12,769 and 5,714 from companies accounted for by the equity method | 35,514,000 | |||||||||||||||||||||||||||||||||||||
pool revenues, including 5,530, 6,166, 13,946 and 30,282 from companies accounted for by the equity method | 32,477,500 | 37,798,000 | ||||||||||||||||||||||||||||||||||||
income before interest expense, reorganization items and income taxes | -79,340,000 | -10,763,000 | -2,539,000 | 27,036,000 | -47,716,000 | -37,514,000 | ||||||||||||||||||||||||||||||||
income before reorganization items and income taxes | -90,707,000 | -21,793,000 | -11,615,000 | 18,071,000 | -57,241,000 | -47,033,000 | ||||||||||||||||||||||||||||||||
reorganization items | -233,000 | -3,849,000 | ||||||||||||||||||||||||||||||||||||
pool revenues, including 2,702, 9,694, 8,416 and 24,116 from companies accounted for by the equity method | 42,339,000 | |||||||||||||||||||||||||||||||||||||
pool revenues, including 5,714 and 14,423 received from companies accounted for by the equity method | 49,773,000 | |||||||||||||||||||||||||||||||||||||
pool revenues, including 6,166, 10,374, 30,282 and 36,510 from companies accounted for by the equity method | 50,022,000 | 42,854,000 | ||||||||||||||||||||||||||||||||||||
technical management transition costs |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 116,922,000 | 412,569,000 | 148,807,000 | 132,769,000 | 157,506,000 | 103,309,000 | 176,141,000 | 139,501,000 | 126,760,000 | 138,976,000 | 116,023,000 | 156,220,000 | 243,744,000 | 174,465,000 | 230,666,000 | 74,553,000 | 97,883,000 | 108,897,000 | 117,391,000 | 156,178,000 | 199,390,000 | 137,340,000 | 128,063,000 | 93,298,000 | 89,671,000 | 68,383,000 | 91,662,000 | 79,537,000 | 58,313,000 | 91,547,000 | 115,843,000 | 53,472,000 | 60,027,000 | 73,390,000 | 121,230,000 | 101,067,000 | 92,001,000 | 110,158,000 |
short-term investments | 50,000,000 | 50,000,000 | 75,000,000 | 60,000,000 | 75,000,000 | 120,000,000 | 105,000,000 | 80,000,000 | 80,000,000 | |||||||||||||||||||||||||||||
voyage receivables, net of allowance for credit losses of 52 and 86, | ||||||||||||||||||||||||||||||||||||||
including unbilled of 169,610 and 181,211 | 177,887,000 | |||||||||||||||||||||||||||||||||||||
other receivables | 13,836,000 | 13,656,000 | 19,734,000 | 15,711,000 | 13,771,000 | 15,682,000 | 16,785,000 | 11,887,000 | 14,303,000 | 11,285,000 | 12,840,000 | 11,559,000 | 12,583,000 | 7,891,000 | 6,779,000 | 7,368,000 | 5,651,000 | 4,320,000 | 6,324,000 | 7,469,000 | 4,479,000 | 4,702,000 | 5,003,000 | 6,053,000 | 3,938,000 | 4,108,000 | 5,576,000 | 3,872,000 | 5,246,000 | 5,125,000 | 2,621,000 | 4,411,000 | 4,608,000 | 3,797,000 | 3,930,000 | 5,302,000 | 2,089,000 | |
inventories | 611,000 | 577,000 | 522,000 | 573,000 | 1,875,000 | 378,000 | 1,850,000 | 593,000 | 1,329,000 | 1,143,000 | 629,000 | 698,000 | 531,000 | 873,000 | 804,000 | 2,335,000 | 2,110,000 | 2,578,000 | 2,103,000 | 2,271,000 | 3,601,000 | 1,400,000 | 1,878,000 | 3,559,000 | 3,896,000 | 3,428,000 | 4,110,000 | 4,122,000 | 3,066,000 | 3,941,000 | 4,828,000 | 3,977,000 | 3,270,000 | 1,659,000 | 1,556,000 | 1,391,000 | 1,338,000 | 1,195,000 |
prepaid expenses and other current assets | 7,384,000 | 9,396,000 | 11,881,000 | 15,615,000 | 15,570,000 | 9,721,000 | 12,228,000 | 15,086,000 | 10,342,000 | 11,567,000 | 15,079,000 | 16,491,000 | 8,995,000 | 11,379,000 | 14,086,000 | 16,558,000 | 11,759,000 | 9,611,000 | 6,365,000 | 9,380,000 | 6,002,000 | 5,372,000 | 6,412,000 | 8,592,000 | 5,994,000 | 5,266,000 | 6,916,000 | 9,008,000 | 5,912,000 | 5,641,000 | 8,573,000 | 9,781,000 | 5,897,000 | 6,155,000 | 8,951,000 | 10,998,000 | 5,350,000 | 6,139,000 |
current portion of derivative asset | 406,000 | 753,000 | 1,240,000 | 1,594,000 | 2,080,000 | 2,087,000 | 4,532,000 | 5,049,000 | 5,081,000 | 7,092,000 | 7,595,000 | 6,274,000 | 6,987,000 | 4,801,000 | 763,000 | 2,061,000 | 30,000 | 151,000 | 460,000 | 619,000 | 1,738,000 | |||||||||||||||||
total current assets | 367,046,000 | 591,968,000 | 332,394,000 | 326,614,000 | 376,323,000 | 372,270,000 | 434,615,000 | 490,071,000 | 464,980,000 | 473,875,000 | 559,681,000 | 562,600,000 | 642,615,000 | 509,550,000 | 435,003,000 | 246,488,000 | 224,499,000 | 228,781,000 | 212,310,000 | 221,400,000 | 256,834,000 | 220,245,000 | 242,232,000 | 215,596,000 | 187,344,000 | 156,643,000 | 182,754,000 | 192,508,000 | 167,620,000 | 180,819,000 | 203,781,000 | 120,547,000 | 131,792,000 | 144,576,000 | 198,191,000 | 184,761,000 | 170,909,000 | 170,527,000 |
vessels and other property, less accumulated depreciation | 2,077,986,000 | 2,050,211,000 | 1,914,426,000 | 1,680,010,000 | 1,802,850,000 | 1,108,214,000 | 1,292,516,000 | 1,330,795,000 | 1,104,727,000 | 1,100,050,000 | ||||||||||||||||||||||||||||
vessels construction in progress | 57,725,000 | 75,434,000 | 62,734,000 | 52,565,000 | 37,020,000 | 24,401,000 | 12,137,000 | 11,905,000 | 11,670,000 | 85,662,000 | 123,940,000 | 101,701,000 | 71,036,000 | 60,034,000 | 49,291,000 | 29,375,000 | 14,606,000 | |||||||||||||||||||||
deferred drydock expenditures | 109,257,000 | 101,484,000 | 101,554,000 | 88,532,000 | 90,209,000 | 82,628,000 | 79,184,000 | 72,884,000 | 70,880,000 | 72,314,000 | 69,887,000 | 72,874,000 | 65,611,000 | 64,013,000 | 57,592,000 | 60,473,000 | 55,753,000 | 44,170,000 | 39,405,000 | 38,150,000 | 36,334,000 | 28,785,000 | 28,115,000 | 26,888,000 | 23,125,000 | 19,742,000 | 23,382,000 | 19,114,000 | 16,773,000 | 18,627,000 | 21,810,000 | 26,014,000 | 30,528,000 | 35,330,000 | 39,710,000 | 33,979,000 | 30,557,000 | 30,862,000 |
operating lease right-of-use assets | 7,220,000 | 9,860,000 | 12,462,000 | 16,917,000 | 21,229,000 | 12,295,000 | 14,778,000 | 17,195,000 | 20,391,000 | 22,738,000 | 6,308,000 | 7,085,000 | 8,471,000 | 18,069,000 | 20,917,000 | 23,425,000 | 23,168,000 | 21,992,000 | 16,999,000 | 19,157,000 | 21,588,000 | 24,013,000 | 26,386,000 | 28,940,000 | 33,718,000 | 36,580,000 | 33,216,000 | 30,570,000 | ||||||||||
pool working capital deposits | 33,051,000 | 33,859,000 | 35,859,000 | 37,316,000 | 35,372,000 | 33,794,000 | 33,238,000 | 33,998,000 | 31,748,000 | 33,501,000 | 32,521,000 | 34,076,000 | ||||||||||||||||||||||||||
long-term derivative assets | 5,000 | 801,000 | 1,153,000 | 4,662,000 | 1,296,000 | 8,642,000 | ||||||||||||||||||||||||||||||||
other assets | 16,352,000 | 29,275,000 | 16,596,000 | 17,081,000 | 25,232,000 | 16,913,000 | 17,322,000 | 32,360,000 | 6,571,000 | 6,334,000 | 5,158,000 | 9,441,000 | 9,220,000 | 13,374,000 | 14,906,000 | 12,036,000 | 7,700,000 | 3,565,000 | 7,519,000 | 5,857,000 | 3,229,000 | 2,925,000 | 3,156,000 | 3,536,000 | 2,934,000 | 3,332,000 | 2,626,000 | 2,996,000 | 5,056,000 | 4,389,000 | 5,393,000 | 7,184,000 | 2,856,000 | 1,934,000 | 1,298,000 | 2,674,000 | 2,324,000 | 1,935,000 |
total assets | 2,668,642,000 | 2,789,578,000 | 2,523,215,000 | 2,542,397,000 | 2,636,397,000 | 2,587,846,000 | 2,674,670,000 | 2,551,422,000 | 2,521,819,000 | 2,561,022,000 | 2,655,656,000 | 2,571,530,000 | 2,615,334,000 | 2,459,903,000 | 2,364,241,000 | 2,366,593,000 | 2,346,780,000 | 2,441,833,000 | 1,518,865,000 | 1,552,052,000 | 1,586,539,000 | 1,712,313,000 | 1,758,956,000 | 1,740,728,000 | 1,753,501,000 | 1,828,549,000 | 1,865,209,000 | 1,891,070,000 | 1,848,601,000 | 1,886,706,000 | 1,946,480,000 | 1,612,472,000 | 1,664,484,000 | 1,724,325,000 | 1,701,090,000 | 1,683,329,000 | 1,662,521,000 | 1,709,311,000 |
liabilities and equity | ||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||
accounts payable, accrued expenses and other current liabilities | 69,921,000 | 49,607,000 | 55,008,000 | 56,234,000 | 66,264,000 | 45,796,000 | 52,118,000 | 42,046,000 | 57,904,000 | 42,850,000 | 47,044,000 | 53,197,000 | 51,069,000 | 45,593,000 | 38,237,000 | 56,116,000 | 44,964,000 | 49,087,000 | 29,453,000 | 24,547,000 | 34,425,000 | 27,355,000 | 29,424,000 | 32,864,000 | 27,554,000 | 29,951,000 | 34,427,000 | 33,234,000 | 22,974,000 | 25,112,000 | 32,967,000 | 24,707,000 | 22,805,000 | 24,210,000 | 29,721,000 | 37,571,000 | 38,237,000 | 28,921,000 |
current portion of operating lease liabilities | 3,182,000 | 5,617,000 | 7,874,000 | 12,027,000 | 14,617,000 | 7,673,000 | 10,017,000 | 10,169,000 | 10,223,000 | 9,784,000 | 452,000 | 430,000 | 1,596,000 | 8,323,000 | 9,875,000 | 10,767,000 | 8,393,000 | 6,714,000 | 7,226,000 | 7,781,000 | 8,867,000 | 9,949,000 | 10,411,000 | 10,668,000 | 12,958,000 | 13,463,000 | 11,481,000 | 8,348,000 | ||||||||||
current installments of long-term debt | 25,788,000 | 282,489,000 | 287,451,000 | 50,180,000 | 50,054,000 | 49,823,000 | 49,598,000 | 127,535,000 | 127,447,000 | 134,703,000 | 199,785,000 | 155,525,000 | 162,854,000 | 166,965,000 | 160,790,000 | 178,391,000 | 178,715,000 | 220,805,000 | 61,483,000 | 61,483,000 | 61,483,000 | 61,483,000 | 81,483,000 | 81,483,000 | 70,350,000 | 51,013,000 | 57,680,000 | 57,680,000 | 51,555,000 | 57,680,000 | 48,492,000 | 20,625,000 | 24,063,000 | 13,750,000 | 22,600,000 | 22,883,000 | 6,183,000 | 6,183,000 |
total current liabilities | 98,891,000 | 337,713,000 | 350,333,000 | 118,441,000 | 130,935,000 | 103,292,000 | 111,733,000 | 179,750,000 | 195,574,000 | 187,337,000 | 247,281,000 | 227,478,000 | 257,389,000 | 220,881,000 | 208,902,000 | 245,274,000 | 234,611,000 | 280,937,000 | 102,112,000 | 97,727,000 | 108,896,000 | 102,822,000 | 130,545,000 | 132,629,000 | 114,476,000 | 97,715,000 | 105,500,000 | 100,450,000 | 75,270,000 | 104,531,000 | 102,447,000 | 45,366,000 | 47,235,000 | 38,245,000 | 52,321,000 | 60,509,000 | 45,103,000 | 44,193,000 |
long-term operating lease liabilities | 5,954,000 | 6,206,000 | 6,598,000 | 6,947,000 | 8,715,000 | 6,773,000 | 6,958,000 | 9,270,000 | 11,631,000 | 14,021,000 | 7,539,000 | 7,738,000 | 7,740,000 | 8,087,000 | 9,172,000 | 10,814,000 | 12,522,000 | 13,113,000 | 7,541,000 | 8,916,000 | 10,253,000 | 11,593,000 | 13,504,000 | 15,718,000 | 17,953,000 | 20,530,000 | 19,030,000 | 19,512,000 | ||||||||||
long-term debt | 541,291,000 | 509,527,000 | 259,804,000 | 544,730,000 | 638,353,000 | 600,689,000 | 663,054,000 | 564,203,000 | 595,229,000 | 706,999,000 | 778,266,000 | 777,154,000 | 860,578,000 | 900,509,000 | 912,900,000 | 943,032,000 | 926,270,000 | 887,673,000 | 444,566,000 | 459,451,000 | 474,332,000 | 489,194,000 | 523,414,000 | 543,111,000 | 590,745,000 | 716,736,000 | 736,826,000 | 747,955,000 | 759,112,000 | 770,305,000 | 789,537,000 | 500,643,000 | 528,874,000 | 511,948,000 | 452,904,000 | 417,017,000 | 433,468,000 | 433,207,000 |
other liabilities | 2,229,000 | 2,345,000 | 6,701,000 | 3,430,000 | 2,346,000 | 2,462,000 | 5,489,000 | 3,309,000 | 2,628,000 | 2,588,000 | 2,296,000 | 1,877,000 | 1,875,000 | 1,594,000 | 1,590,000 | 2,023,000 | 2,288,000 | 12,701,000 | 13,410,000 | 14,129,000 | 14,861,000 | 15,986,000 | 1,249,000 | 1,332,000 | 1,489,000 | 1,893,000 | 2,129,000 | 2,304,000 | 2,442,000 | 3,822,000 | 3,955,000 | 2,821,000 | 2,721,000 | 5,046,000 | 4,834,000 | 4,590,000 | 4,438,000 | 7,142,000 |
total liabilities | 648,365,000 | 855,791,000 | 623,436,000 | 673,548,000 | 780,349,000 | 713,216,000 | 787,234,000 | 756,532,000 | 805,062,000 | 910,945,000 | 1,035,382,000 | 1,014,247,000 | 1,127,582,000 | 1,131,071,000 | 1,133,093,000 | 1,201,143,000 | 1,176,448,000 | 1,197,102,000 | 571,411,000 | 584,289,000 | 614,497,000 | 625,795,000 | 686,903,000 | 711,048,000 | 731,208,000 | 846,427,000 | 869,871,000 | 873,083,000 | 838,746,000 | 878,658,000 | 895,939,000 | 548,830,000 | 578,830,000 | 555,239,000 | 510,059,000 | 482,116,000 | 483,009,000 | 484,542,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||
equity: | ||||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 49,404,078 and 49,194,458 | ||||||||||||||||||||||||||||||||||||||
shares issued and outstanding | 1,507,325,000 | 1,505,459,000 | 1,503,687,000 | 1,503,451,000 | 1,504,767,000 | 1,501,503,000 | 1,524,400,000 | 1,488,531,000 | 1,490,986,000 | 1,489,041,000 | 1,487,151,000 | 1,501,516,000 | 1,502,235,000 | 1,557,875,000 | 1,583,740,000 | 1,588,606,000 | 1,591,446,000 | 1,609,602,000 | 1,278,365,000 | 1,279,368,000 | 1,280,501,000 | 1,280,811,000 | 1,281,072,000 | 1,301,938,000 | 1,313,178,000 | 1,311,812,000 | 1,310,731,000 | 1,307,645,000 | 1,305,531,000 | |||||||||
retained earnings | 523,792,000 | 438,772,000 | 406,238,000 | 374,212,000 | 359,142,000 | 382,350,000 | 364,452,000 | 306,659,000 | ||||||||||||||||||||||||||||||
equity: - sum | 2,031,117,000 | 1,944,231,000 | 1,909,925,000 | 1,877,663,000 | 1,863,909,000 | 1,883,853,000 | 1,888,852,000 | 1,795,190,000 | 1,717,820,000 | 1,644,918,000 | 1,614,519,000 | 1,554,381,000 | 1,480,788,000 | 1,317,999,000 | 1,230,437,000 | 1,166,267,000 | 1,182,108,000 | 1,234,256,000 | 970,371,000 | 990,157,000 | 1,004,655,000 | 1,121,854,000 | 1,108,134,000 | 1,051,293,000 | 1,039,784,000 | 1,031,867,000 | 1,078,988,000 | 1,097,008,000 | 1,126,061,000 | 1,215,706,000 | 1,239,718,000 | 1,250,359,000 | 1,231,779,000 | 1,288,719,000 | ||||
accumulated other comprehensive loss | -10,840,000 | -10,444,000 | -10,146,000 | -8,814,000 | -7,861,000 | -9,223,000 | -1,416,000 | -300,000 | -1,401,000 | -12,360,000 | -19,477,000 | -22,917,000 | -22,394,000 | -32,613,000 | -35,336,000 | -36,081,000 | -34,962,000 | -20,570,000 | -43,484,000 | -40,282,000 | -33,306,000 | -29,929,000 | -23,819,000 | -28,447,000 | -33,366,000 | -40,407,000 | -46,620,000 | -48,687,000 | -49,146,000 | -52,267,000 | -63,950,000 | |||||||
total equity | 2,020,277,000 | 1,933,787,000 | 1,899,779,000 | 1,868,849,000 | 1,856,048,000 | 1,874,630,000 | 1,887,436,000 | 1,794,890,000 | 1,716,757,000 | 1,650,077,000 | 1,620,274,000 | 1,557,283,000 | 1,487,752,000 | 1,328,832,000 | 1,231,148,000 | 1,165,450,000 | 1,170,332,000 | 1,244,731,000 | 947,454,000 | 967,763,000 | 972,042,000 | 1,086,518,000 | 1,072,053,000 | 1,029,680,000 | 1,022,293,000 | 982,122,000 | 995,338,000 | 1,017,987,000 | 1,009,855,000 | 1,008,048,000 | 1,050,541,000 | 1,063,642,000 | 1,085,654,000 | 1,169,086,000 | 1,191,031,000 | 1,201,213,000 | 1,179,512,000 | 1,224,769,000 |
total liabilities and equity | 2,668,642,000 | 2,789,578,000 | 2,523,215,000 | 2,542,397,000 | 2,636,397,000 | 2,587,846,000 | 2,674,670,000 | 2,551,422,000 | 2,521,819,000 | 2,561,022,000 | 2,655,656,000 | 2,571,530,000 | 2,615,334,000 | 2,459,903,000 | 2,364,241,000 | 2,366,593,000 | 2,346,780,000 | 2,441,833,000 | 1,518,865,000 | 1,552,052,000 | 1,586,539,000 | 1,712,313,000 | 1,758,956,000 | 1,740,728,000 | 1,753,501,000 | 1,828,549,000 | 1,865,209,000 | 1,891,070,000 | 1,848,601,000 | 1,886,706,000 | 1,946,480,000 | 1,612,472,000 | 1,664,484,000 | 1,724,325,000 | 1,701,090,000 | 1,683,329,000 | 1,662,521,000 | 1,709,311,000 |
voyage receivables, net of allowance for credit losses of 90 and 86 | ||||||||||||||||||||||||||||||||||||||
including unbilled receivables of 145,726 and 181,211 | 155,017,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 246,413 and 466,356 | 1,947,662,000 | |||||||||||||||||||||||||||||||||||||
long-term derivative asset | 36,000 | 99,000 | 291,000 | 214,000 | 1,888,000 | 2,213,000 | 4,520,000 | 4,462,000 | 2,138,000 | 6,252,000 | 5,959,000 | 7,318,000 | 6,526,000 | 2,129,000 | 973,000 | 26,000 | 104,000 | 704,000 | 3,114,000 | 7,875,000 | ||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 49,371,469 and 49,194,458 | ||||||||||||||||||||||||||||||||||||||
voyage receivables, net of allowance for credit losses of 71 and 86 | ||||||||||||||||||||||||||||||||||||||
including unbilled receivables of 144,116 and 181,211 | 150,210,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 336,451 and 466,356 | 1,961,517,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 49,366,276 and 49,194,458 | ||||||||||||||||||||||||||||||||||||||
voyage receivables, net of allowance for credit losses of 86 and 86 | ||||||||||||||||||||||||||||||||||||||
including unbilled receivables of 154,389 and 181,211 | 160,352,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 313,141 and 466,356 | 2,003,081,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 49,287,457 and 49,194,458 | ||||||||||||||||||||||||||||||||||||||
voyage receivables, net of allowance for credit losses of 86 and 191, | ||||||||||||||||||||||||||||||||||||||
including unbilled of 181,211 and 237,298 | 185,521,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 49,194,458 and 48,925,562 | ||||||||||||||||||||||||||||||||||||||
voyage receivables, net of allowance for credit losses of 190 and 191 | ||||||||||||||||||||||||||||||||||||||
including unbilled receivables of 185,262 and 237,298 | 191,093,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 502,936 and 427,274 | 2,045,331,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 49,192,838 and 48,925,562 | ||||||||||||||||||||||||||||||||||||||
voyage receivables, net of allowance for credit losses of 223 and 191 | ||||||||||||||||||||||||||||||||||||||
including unbilled receivables of 216,523 and 237,298 | 223,079,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 476,288 and 427,274 | 2,081,508,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 49,674,286 and 48,925,562 | ||||||||||||||||||||||||||||||||||||||
voyage receivables, net of allowance for credit losses of 238 and 191 | ||||||||||||||||||||||||||||||||||||||
including unbilled receivables of 234,260 and 237,298 | 242,955,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 452,717 and 427,274 | 1,890,796,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 48,999,765 and 48,925,562 | ||||||||||||||||||||||||||||||||||||||
voyage receivables, net of allowance for credit losses of 191 and 261, | ||||||||||||||||||||||||||||||||||||||
including unbilled of 237,298 and 279,567 | 247,165,000 | |||||||||||||||||||||||||||||||||||||
finance lease right-of-use assets | 22,001,000 | 44,391,000 | ||||||||||||||||||||||||||||||||||||
current portion of finance lease liabilities | 18,326,000 | 41,870,000 | ||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 48,925,562 and 49,120,648 | ||||||||||||||||||||||||||||||||||||||
retained earnings/ | 226,834,000 | 155,877,000 | 127,368,000 | 52,865,000 | ||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -1,063,000 | 5,159,000 | 5,755,000 | 2,902,000 | 6,964,000 | 10,833,000 | 127,000 | |||||||||||||||||||||||||||||||
voyage receivables, net of allowance for credit losses of 129 and 261 | ||||||||||||||||||||||||||||||||||||||
including unbilled receivables of 212,340 and 279,567 | 219,827,000 | |||||||||||||||||||||||||||||||||||||
vessels held for sale | 8,985,000 | 23,148,000 | 29,146,000 | |||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 404,280 and 331,903 | 1,947,740,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 48,893,133 and 49,120,648 | ||||||||||||||||||||||||||||||||||||||
voyage receivables, net of allowance for credit losses of 56 and 261 | ||||||||||||||||||||||||||||||||||||||
including unbilled receivables of 234,392 and 279,567 | 241,088,000 | |||||||||||||||||||||||||||||||||||||
advance payment on debt | 46,427,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 378,341 and 331,903 | 1,977,639,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 48,889,609 and 49,120,648 | ||||||||||||||||||||||||||||||||||||||
restricted cash | 18,329,000 | 1,060,000 | 1,054,000 | 1,051,000 | 1,050,000 | 6,517,000 | 16,173,000 | 16,223,000 | 16,287,000 | 16,314,000 | 16,398,000 | 17,029,000 | 60,572,000 | 55,839,000 | 58,630,000 | 57,618,000 | 59,331,000 | 32,313,000 | 27,010,000 | 37,714,000 | 10,579,000 | |||||||||||||||||
voyage receivables, net of allowance for credit losses of 123 and 261 | ||||||||||||||||||||||||||||||||||||||
including unbilled receivables of 238,212 and 279,567 | 248,029,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 353,314 and 331,903 | 1,775,653,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 49,171,314 and 49,120,648 | ||||||||||||||||||||||||||||||||||||||
voyage receivables, net of allowance for credit losses of 261 and 31, | ||||||||||||||||||||||||||||||||||||||
including unbilled of 279,567 and 100,137 | 289,775,000 | |||||||||||||||||||||||||||||||||||||
investments in and advances to affiliated companies | 36,414,000 | 38,109,000 | 39,832,000 | 183,361,000 | 180,331,000 | 177,402,000 | 149,580,000 | 144,770,000 | 141,924,000 | 156,589,000 | 155,191,000 | 151,400,000 | 153,292,000 | 271,655,000 | 265,959,000 | 267,518,000 | 268,322,000 | 275,420,000 | 275,034,000 | 384,024,000 | 378,894,000 | 380,718,000 | 372,109,000 | 376,237,000 | 358,681,000 | 363,244,000 | ||||||||||||
time charter contracts acquired | 159,000 | 502,000 | 842,000 | 3,125,000 | ||||||||||||||||||||||||||||||||||
current portion of derivative liabilities | 2,539,000 | 3,916,000 | ||||||||||||||||||||||||||||||||||||
long-term portion of derivative liabilities | 757,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 49,120,648 and 49,612,019 | ||||||||||||||||||||||||||||||||||||||
accumulated deficit | -21,447,000 | -239,876,000 | -353,303,000 | -422,339,000 | -409,338,000 | -375,346,000 | -307,994,000 | -289,211,000 | -275,846,000 | -158,957,000 | -172,938,000 | -237,296,000 | -270,315,000 | -286,206,000 | -275,111,000 | -258,588,000 | -269,485,000 | -276,443,000 | -228,657,000 | -209,861,000 | -180,545,000 | -89,825,000 | -68,009,000 | -56,390,000 | ||||||||||||||
total equity before noncontrolling interest | 1,487,752,000 | 1,169,748,000 | ||||||||||||||||||||||||||||||||||||
noncontrolling interest | 584,000 | |||||||||||||||||||||||||||||||||||||
voyage receivables, net of allowance for credit losses of 161 and 31 | ||||||||||||||||||||||||||||||||||||||
including unbilled receivables of 225,857 and 100,137 | 230,141,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 310,096 and 249,336 | 1,707,775,000 | |||||||||||||||||||||||||||||||||||||
current portion of derivative liability | 4,331,000 | 3,950,000 | 4,121,000 | 4,035,000 | 9,227,000 | 7,614,000 | 3,614,000 | 3,288,000 | 1,912,000 | 1,188,000 | 707,000 | 770,000 | ||||||||||||||||||||||||||
long-term derivative liability | 529,000 | 2,678,000 | 3,782,000 | 6,200,000 | 18,191,000 | 18,258,000 | 9,553,000 | 6,386,000 | 2,862,000 | |||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 49,058,615 and 49,612,019 | ||||||||||||||||||||||||||||||||||||||
total equity before noncontrolling interests | 1,328,832,000 | 1,230,564,000 | 1,164,866,000 | 1,214,779,000 | ||||||||||||||||||||||||||||||||||
noncontrolling interests | 584,000 | 584,000 | 29,952,000 | |||||||||||||||||||||||||||||||||||
voyage receivables, net of allowance for credit losses of 68 and 31 | ||||||||||||||||||||||||||||||||||||||
including unbilled receivables of 176,234 and 100,137 | 181,905,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 287,846 and 249,336 | 1,723,742,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 49,695,732 and 49,612,019 | ||||||||||||||||||||||||||||||||||||||
voyage receivables, net of allowance for credit losses of 27 and 31 | ||||||||||||||||||||||||||||||||||||||
including unbilled receivables of 113,633 and 100,137 | 120,465,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 266,771 and 249,336 | 1,773,264,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 49,641,506 and 49,612,019 | ||||||||||||||||||||||||||||||||||||||
voyage receivables, net of allowance for credit losses of 31 and 55, | ||||||||||||||||||||||||||||||||||||||
including unbilled of 100,137 and 38,430 | 107,096,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 49,612,019 and 28,014,877 | ||||||||||||||||||||||||||||||||||||||
voyage receivables, net of allowance for credit losses of 33 and 55 | ||||||||||||||||||||||||||||||||||||||
including unbilled receivables of 84,605 and 38,430 | 96,858,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 230,623 and 186,084 | 1,908,928,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 50,689,089 and 28,014,877 | ||||||||||||||||||||||||||||||||||||||
voyage receivables, net of allowance for credit losses of 95 and 55 | ||||||||||||||||||||||||||||||||||||||
including unbilled of 47,740 and 38,430 | 50,981,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 209,090 and 186,084 | 1,055,747,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 28,128,298 and 28,014,877 | ||||||||||||||||||||||||||||||||||||||
voyage receivables, net of allowance for credit losses of 93 and 55 | ||||||||||||||||||||||||||||||||||||||
including unbilled of 41,807 and 38,430 | 46,102,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 199,215 and 186,084 | 1,097,853,000 | |||||||||||||||||||||||||||||||||||||
long-term derivative liabilities | 4,066,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 28,055,890 and 28,014,877 | ||||||||||||||||||||||||||||||||||||||
voyage receivables, net of allowance for credit losses of 55 and 1,245, | ||||||||||||||||||||||||||||||||||||||
including unbilled of 38,430 and 74,355 | 43,362,000 | |||||||||||||||||||||||||||||||||||||
long-term portion of derivative liability | 6,155,000 | 6,545,000 | 1,922,000 | |||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 28,014,877 and 29,274,452 | ||||||||||||||||||||||||||||||||||||||
voyage receivables, net of allowance for credit losses of 46 and 1,245 | ||||||||||||||||||||||||||||||||||||||
including unbilled of 67,089 and 74,355 | 71,431,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 317,249 and 364,868 | 1,262,469,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 27,984,807 and 29,274,452 | ||||||||||||||||||||||||||||||||||||||
voyage receivables, net of allowance for credit losses of 62 and 1,245 | ||||||||||||||||||||||||||||||||||||||
including unbilled of 96,324 and 74,355 | 100,876,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 347,172 and 364,868 | 1,287,478,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 27,974,378 and 29,274,452 | ||||||||||||||||||||||||||||||||||||||
voyage receivables, net of allowance for credit losses of 1,299 and 1,245, | ||||||||||||||||||||||||||||||||||||||
including unbilled of 97,948 and 74,355 | 104,094,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 378,747 and 364,868 | 1,297,339,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 28,823,465 and 29,274,452 | ||||||||||||||||||||||||||||||||||||||
voyage receivables, including unbilled of 74,355 and 87,725 | 83,845,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 29,274,452 and 29,184,501 | ||||||||||||||||||||||||||||||||||||||
shipping revenues: | ||||||||||||||||||||||||||||||||||||||
pool revenues, including 165,583, 94,441 and 39,572 | ||||||||||||||||||||||||||||||||||||||
from companies accounted for by the equity method | 254,055,000 | |||||||||||||||||||||||||||||||||||||
time and bareboat charter revenues | 27,625,000 | |||||||||||||||||||||||||||||||||||||
voyage charter revenues | 84,504,000 | |||||||||||||||||||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||||||||||||||
voyage expenses | 26,265,000 | |||||||||||||||||||||||||||||||||||||
vessel expenses | 123,205,000 | |||||||||||||||||||||||||||||||||||||
charter hire expenses | 57,512,000 | |||||||||||||||||||||||||||||||||||||
depreciation and amortization | 75,653,000 | |||||||||||||||||||||||||||||||||||||
general and administrative | 26,798,000 | |||||||||||||||||||||||||||||||||||||
benefit from credit losses | 1,245,000 | |||||||||||||||||||||||||||||||||||||
third-party debt modification fees | 30,000 | |||||||||||||||||||||||||||||||||||||
separation and transition costs | ||||||||||||||||||||||||||||||||||||||
loss on disposal of vessels and other property, including impairments | 308,000 | |||||||||||||||||||||||||||||||||||||
total operating expenses | 311,016,000 | |||||||||||||||||||||||||||||||||||||
income/(loss) from vessel operations | 55,168,000 | |||||||||||||||||||||||||||||||||||||
equity in income of affiliated companies | 11,213,000 | |||||||||||||||||||||||||||||||||||||
operating income/ | 66,381,000 | |||||||||||||||||||||||||||||||||||||
other income | -943,000 | |||||||||||||||||||||||||||||||||||||
income/(loss) before interest expense and income taxes | 65,438,000 | |||||||||||||||||||||||||||||||||||||
interest expense | -66,267,000 | |||||||||||||||||||||||||||||||||||||
income before income taxes | -829,000 | |||||||||||||||||||||||||||||||||||||
income tax (provision)/benefit | ||||||||||||||||||||||||||||||||||||||
net income | -830,000 | |||||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding: | ||||||||||||||||||||||||||||||||||||||
basic and diluted | 29,225,483,000 | |||||||||||||||||||||||||||||||||||||
per share amounts: | ||||||||||||||||||||||||||||||||||||||
basic and diluted net income per share | -30 | |||||||||||||||||||||||||||||||||||||
voyage receivables, including unbilled of 65,716 and 87,725 | 75,458,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 349,430 and 307,051 | 1,284,758,000 | |||||||||||||||||||||||||||||||||||||
voyage receivables, including unbilled of 65,831 and 87,725 | 74,460,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 335,960 and 307,051 | 1,291,862,000 | |||||||||||||||||||||||||||||||||||||
vessel held for sale | 6,754,000 | 17,665,000 | 17,940,000 | 5,108,000 | ||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 29,273,175 and 29,184,501 | ||||||||||||||||||||||||||||||||||||||
voyage receivables, including unbilled of 85,103 and 87,725 | 95,818,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 322,003 and 307,051 | 1,320,642,000 | |||||||||||||||||||||||||||||||||||||
total vessels, deferred drydock and other property | 1,339,756,000 | 1,347,568,000 | 1,390,651,000 | 1,427,387,000 | 1,063,003,000 | 1,140,363,000 | 1,197,097,000 | 1,129,492,000 | 1,119,657,000 | 1,130,607,000 | 1,173,605,000 | |||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 29,199,074 and 29,184,501 shares issued and outstanding | 1,309,881,000 | |||||||||||||||||||||||||||||||||||||
voyage receivables, including unbilled of 87,725 and 54,701 | 94,623,000 | |||||||||||||||||||||||||||||||||||||
payable to osg | 34,000 | 34,000 | 34,000 | 34,000 | 367,000 | 285,000 | 55,000 | 683,000 | ||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 29,184,501 and 29,089,865 shares issued and outstanding | 1,309,269,000 | |||||||||||||||||||||||||||||||||||||
voyage receivables, including unbilled of 69,471 and 54,701 | 73,946,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 294,157 and 307,010 | 1,354,359,000 | |||||||||||||||||||||||||||||||||||||
payable associated with acquisition of assets | 20,935,000 | 20,954,000 | ||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 29,183,431 and 29,089,865 shares issued and outstanding | 1,308,310,000 | |||||||||||||||||||||||||||||||||||||
voyage receivables, including unbilled of 59,015 and 54,701 | 62,408,000 | |||||||||||||||||||||||||||||||||||||
other receivables, including pool deposits of 6,000 and 0 | 10,391,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 317,584 and 307,010 | 1,405,577,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 29,177,612 and 29,089,865 | ||||||||||||||||||||||||||||||||||||||
voyage receivables, including unbilled of 49,578 and 54,701 | 50,696,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 309,859 and 307,010 | 1,019,049,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 29,123,331 and 29,089,865 shares issued and outstanding | 1,306,869,000 | |||||||||||||||||||||||||||||||||||||
voyage receivables, including unbilled of 54,701 and 61,416 | 58,187,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 29,089,865 and 29,189,454 shares issued and outstanding | 1,306,606,000 | |||||||||||||||||||||||||||||||||||||
voyage receivables, including unbilled of 48,638 and 61,416 | 58,764,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 420,951 and 387,570 | 1,161,767,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 29,089,865 and 29,189,454 | ||||||||||||||||||||||||||||||||||||||
voyage receivables, including unbilled of 53,792 and 61,416 | 62,651,000 | |||||||||||||||||||||||||||||||||||||
receivable from osg | 6,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 416,613 and 387,570 | 1,089,782,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 29,248,236 and 29,189,454 shares issued and outstanding | 1,307,727,000 | |||||||||||||||||||||||||||||||||||||
voyage receivables, including unbilled of 59,085 and 61,416 | 67,375,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 402,008 and 387,570 | 1,085,678,000 | |||||||||||||||||||||||||||||||||||||
capital - 100,000,000 no par value shares authorized; 29,207,750 and 29,189,454 shares issued and outstanding | 1,306,749,000 | |||||||||||||||||||||||||||||||||||||
voyage receivables, including unbilled of 61,416 and 71,200 | 66,918,000 | |||||||||||||||||||||||||||||||||||||
common stock - 100,000,000 no par value shares authorized;29,189,454 shares issued and outstanding | 29,825,000 | |||||||||||||||||||||||||||||||||||||
paid-in additional capital | 1,276,411,000 | 1,275,594,000 | ||||||||||||||||||||||||||||||||||||
(accumulated deficit)/retained earnings | -74,457,000 | -16,700,000 | ||||||||||||||||||||||||||||||||||||
voyage receivables, including unbilled of 48,969 and 71,200 | 50,946,000 | |||||||||||||||||||||||||||||||||||||
vessels and other property, less accumulated depreciation of 354,960 and 410,606 | 1,142,743,000 | |||||||||||||||||||||||||||||||||||||
due to former parent for cost sharing reimbursements | 9,089,000 | |||||||||||||||||||||||||||||||||||||
common stock - 100,000,000 no par value shares authorized; 29,157,387 shares outstanding | 29,825,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||
net income | 127,504,000 | 70,546,000 | 61,646,000 | 49,565,000 | 35,823,000 | 91,688,000 | 144,723,000 | 144,490,000 | 132,114,000 | 97,937,000 | 153,762,000 | 172,633,000 | 218,429,000 | 113,427,000 | -67,878,000 | -18,783,000 | -13,365,000 | 13,981,000 | 64,358,000 | 33,019,000 | 10,897,000 | -18,796,000 | -29,316,000 | -90,720,000 | -21,816,000 | -11,619,000 | 18,067,000 | -57,757,000 | |||||||||
items included in net income not affecting cash flows: | |||||||||||||||||||||||||||||||||||||
depreciation and amortization | 41,362,000 | 41,170,000 | 41,349,000 | 39,705,000 | 39,466,000 | 39,304,000 | 36,517,000 | 34,153,000 | 33,682,000 | 33,363,000 | 32,445,000 | 29,548,000 | 28,404,000 | 27,728,000 | 27,256,000 | 27,000,000 | 27,035,000 | 25,806,000 | 17,079,000 | 16,754,000 | 18,182,000 | 19,014,000 | 18,880,000 | 18,267,000 | 18,945,000 | 18,961,000 | 18,818,000 | 18,929,000 | 18,683,000 | 19,317,000 | 16,804,000 | 17,624,000 | 20,610,000 | 20,528,000 | 19,099,000 | 18,616,000 | 19,403,000 |
loss on write-down of vessels and other assets | 0 | 0 | 0 | 1,697,000 | 0 | 0 | 85,886,000 | 11,667,000 | |||||||||||||||||||||||||||||
amortization of debt discount and other deferred financing costs | 1,282,000 | 1,014,000 | 983,000 | 983,000 | 1,017,000 | 1,034,000 | 1,021,000 | 1,038,000 | 1,132,000 | 1,363,000 | 1,572,000 | 1,556,000 | 1,594,000 | 1,675,000 | 1,100,000 | 855,000 | 704,000 | 532,000 | 537,000 | 540,000 | 560,000 | 630,000 | 725,000 | 983,000 | 1,547,000 | 1,813,000 | 1,795,000 | 1,765,000 | 1,778,000 | 1,783,000 | 1,401,000 | 1,250,000 | 1,264,000 | 1,229,000 | 1,951,000 | 1,979,000 | 1,991,000 |
deferred financing costs write-off | 734,000 | 1,231,000 | 555,000 | 166,000 | 656,000 | 349,000 | 128,000 | 133,000 | 0 | 572,000 | 0 | 12,501,000 | 3,215,000 | 0 | 127,000 | 0 | 0 | ||||||||||||||||||||
stock compensation | 2,889,000 | 2,020,000 | 1,844,000 | 1,946,000 | 3,264,000 | 2,103,000 | 1,942,000 | 1,691,000 | 2,606,000 | 2,039,000 | 1,973,000 | 1,900,000 | 2,299,000 | 1,719,000 | 1,620,000 | 1,108,000 | 1,635,000 | 6,631,000 | 1,226,000 | 1,037,000 | |||||||||||||||||
other – net | -155,000 | -240,000 | -250,000 | 456,000 | 207,000 | -86,000 | -183,000 | -250,000 | -422,000 | -580,000 | -737,000 | -823,000 | -1,468,000 | -447,000 | -907,000 | 580,000 | 1,785,000 | 353,000 | 406,000 | 425,000 | 843,000 | 392,000 | 219,000 | 293,000 | 923,000 | 311,000 | 191,000 | 36,000 | 12,000 | 203,000 | -1,000 | 2,000 | -1,000 | 131,000 | |||
items included in net income related to investing and financing activities: | |||||||||||||||||||||||||||||||||||||
gain on disposal of vessels and other assets | -7,629,000 | -13,658,000 | -11,229,000 | -10,021,000 | 45,000 | -13,499,000 | -27,852,000 | -51,000 | -25,286,000 | 74,000 | 26,000 | -10,748,000 | -10,308,000 | ||||||||||||||||||||||||
loss on extinguishment of debt | 0 | 2,000 | 181,000 | 22,000 | 992,000 | 1,000,000 | 0 | ||||||||||||||||||||||||||||||
payments for drydocking | -21,030,000 | -19,730,000 | -26,551,000 | -16,900,000 | -14,787,000 | -19,430,000 | -14,454,000 | -9,971,000 | -6,917,000 | -8,630,000 | -6,014,000 | -12,978,000 | -7,047,000 | -10,491,000 | -8,219,000 | -17,570,000 | -18,600,000 | -9,096,000 | -6,126,000 | -8,594,000 | -9,817,000 | -3,312,000 | -4,948,000 | -7,565,000 | -6,007,000 | -2,661,000 | -6,440,000 | -4,438,000 | -552,000 | -1,267,000 | -1,452,000 | -1,249,000 | -1,609,000 | -3,927,000 | -8,834,000 | -7,026,000 | -4,325,000 |
insurance claims proceeds related to vessel operations | 926,000 | 1,043,000 | 559,000 | 312,000 | 69,000 | 116,000 | 682,000 | 206,000 | 298,000 | 160,000 | 1,748,000 | 950,000 | 756,000 | 2,510,000 | 1,081,000 | 954,000 | 662,000 | 474,000 | 182,000 | 528,000 | 532,000 | 4,136,000 | 331,000 | 239,000 | 1,212,000 | 327,000 | 85,000 | 555,000 | 311,000 | 1,597,000 | 2,467,000 | 1,061,000 | |||||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||||||||
decrease in receivables | -22,870,000 | -4,807,000 | 10,142,000 | 25,169,000 | 5,572,000 | 31,986,000 | 19,876,000 | 4,210,000 | -27,338,000 | 21,261,000 | 6,941,000 | 41,746,000 | -10,238,000 | 28,069,000 | 29,445,000 | -998,000 | 21,358,000 | -1,195,000 | -20,677,000 | -11,538,000 | -11,710,000 | 7,489,000 | 576,000 | 3,886,000 | 4,725,000 | -457,000 | -15,972,000 | ||||||||||
increase in deferred revenue | 6,863,000 | 2,372,000 | 1,600,000 | -780,000 | 1,373,000 | -1,348,000 | |||||||||||||||||||||||||||||||
purchase of insurance contract in connection with settlement of pension plan obligations | 0 | ||||||||||||||||||||||||||||||||||||
net change in inventories, prepaid expenses and other current assets and | |||||||||||||||||||||||||||||||||||||
accounts payable, accrued expense, and other current and long-term liabilities | |||||||||||||||||||||||||||||||||||||
net cash from operating activities | 146,001,000 | 78,325,000 | 85,779,000 | 69,947,000 | 93,622,000 | 129,135,000 | 167,939,000 | 156,442,000 | 148,463,000 | 193,634,000 | 220,822,000 | 91,356,000 | 34,626,000 | -19,781,000 | -27,159,000 | -26,515,000 | -1,512,000 | -21,006,000 | 17,349,000 | 71,101,000 | 89,372,000 | 38,318,000 | -422,000 | 19,787,000 | 23,991,000 | -14,327,000 | -8,276,000 | 14,577,000 | -4,454,000 | -144,000 | -7,372,000 | -7,582,000 | 11,273,000 | -14,380,000 | |||
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
free cash flows | 146,001,000 | 78,325,000 | 85,779,000 | 69,947,000 | 93,622,000 | 129,135,000 | 167,939,000 | 156,442,000 | 148,463,000 | 193,634,000 | 220,822,000 | 91,356,000 | 34,626,000 | -19,781,000 | -27,159,000 | -26,515,000 | -1,512,000 | -21,006,000 | 17,349,000 | 71,101,000 | 89,372,000 | 38,318,000 | -422,000 | 19,787,000 | 23,991,000 | -14,327,000 | -8,276,000 | 14,577,000 | -4,454,000 | -144,000 | -7,372,000 | -7,582,000 | 11,273,000 | -14,380,000 | |||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||
expenditures for vessels, vessel improvements and vessels under construction, including deposits for acquisitions | -26,420,000 | ||||||||||||||||||||||||||||||||||||
security deposits for vessel exchange transactions | |||||||||||||||||||||||||||||||||||||
proceeds from disposal of vessels and other assets | |||||||||||||||||||||||||||||||||||||
expenditures for other property | -814,000 | -74,000 | -177,000 | -376,000 | -506,000 | -79,000 | -100,000 | -701,000 | -436,000 | -449,000 | -62,000 | -524,000 | -36,000 | -165,000 | -119,000 | -390,000 | -529,000 | -179,000 | -92,000 | -179,000 | -14,000 | -145,000 | -140,000 | -208,000 | -168,000 | -105,000 | -93,000 | -208,000 | -763,000 | -13,000 | -194,000 | -126,000 | 0 | -32,000 | -348,000 | -26,000 | -835,000 |
pool working capital deposits | -400,000 | 0 | -200,000 | -750,000 | 0 | -782,000 | -2,305,000 | ||||||||||||||||||||||||||||||
investments in short-term time deposits | 0 | -50,000,000 | 0 | -75,000,000 | -25,000,000 | -35,000,000 | -85,000,000 | -90,000,000 | |||||||||||||||||||||||||||||
proceeds from maturities of short-term time deposits | 50,000,000 | 0 | 75,000,000 | 60,000,000 | 40,000,000 | 80,000,000 | 70,000,000 | 65,000,000 | |||||||||||||||||||||||||||||
net cash from by investing activities | |||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||
borrowings on nonrevolving credit facility debt | 40,719,000 | ||||||||||||||||||||||||||||||||||||
borrowings on revolving credit facilities | 60,000,000 | 0 | 0 | 20,000,000 | 70,000,000 | 0 | 0 | 50,000,000 | 0 | ||||||||||||||||||||||||||||
repayments on revolving credit facilities | -60,000,000 | -27,381,000 | -35,600,000 | -101,600,000 | -20,000,000 | -105,672,000 | |||||||||||||||||||||||||||||||
repayments of debt | 0 | 0 | -20,313,000 | -19,538,000 | -58,365,000 | -130,829,000 | -55,407,000 | -137,449,000 | -54,706,000 | -26,121,000 | |||||||||||||||||||||||||||
premium and fees on extinguishment of debt | 0 | -42,000 | |||||||||||||||||||||||||||||||||||
proceeds from sale and leaseback financing, net of issuance and deferred financing costs | 0 | 0 | 113,995,000 | 55,722,000 | 19,214,000 | 28,715,000 | 39,675,000 | 20,401,000 | |||||||||||||||||||||||||||||
payments on sale and leaseback financing and finance lease | -12,463,000 | -12,146,000 | -12,233,000 | -34,619,000 | |||||||||||||||||||||||||||||||||
payments of deferred financing costs | -5,630,000 | -5,949,000 | 0 | 0 | -5,453,000 | -306,000 | -571,000 | -1,860,000 | -632,000 | -514,000 | -226,000 | ||||||||||||||||||||||||||
cash dividends paid | -42,484,000 | -38,012,000 | -29,620,000 | -34,495,000 | -59,031,000 | -73,790,000 | -86,933,000 | -64,662,000 | -61,153,000 | -69,436,000 | -79,252,000 | -98,313,000 | -55,011,000 | -5,889,000 | -5,961,000 | -2,980,000 | -3,019,000 | -34,551,000 | -1,688,000 | -1,681,000 | -1,679,000 | -1,679,000 | -1,683,000 | -1,729,000 | |||||||||||||
repurchases of common stock | 0 | 0 | -19,985,000 | -10,012,000 | 0 | ||||||||||||||||||||||||||||||||
cash paid to tax authority upon vesting or exercise of stock-based compensation | -1,023,000 | -248,000 | -1,608,000 | -3,262,000 | 0 | 0 | -2,909,000 | -4,146,000 | -661,000 | -149,000 | -2,390,000 | -2,619,000 | -2,923,000 | ||||||||||||||||||||||||
net cash from financing activities | -274,856,000 | 206,443,000 | -79,312,000 | -131,599,000 | -21,494,000 | -161,296,000 | -77,787,000 | -100,798,000 | -217,792,000 | -35,043,000 | -57,694,000 | 11,101,000 | -111,663,000 | -19,677,000 | -18,853,000 | -58,642,000 | -42,630,000 | -63,077,000 | -29,008,000 | -13,113,000 | -7,156,000 | -19,382,000 | -14,566,000 | 3,473,000 | -33,716,000 | 26,445,000 | 45,464,000 | 27,809,000 | -1,710,000 | -1,545,000 | |||||||
net increase in cash and cash equivalents | -295,647,000 | 263,762,000 | 16,038,000 | -24,737,000 | 36,640,000 | 12,741,000 | 20,163,000 | 9,066,000 | -18,157,000 | ||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | 0 | 0 | 0 | 157,506,000 | 0 | 0 | 126,760,000 | 0 | 0 | 0 | 92,001,000 | 0 | |||||||||||||||||||||||||
cash and cash equivalents at end of year | |||||||||||||||||||||||||||||||||||||
decrease in deferred revenue | -202,000 | 1,271,000 | -7,618,000 | 979,000 | -5,068,000 | 118,000 | -260,000 | 0 | -2,995,000 | 0 | -10,000 | 0 | 15,000 | -918,000 | 564,000 | ||||||||||||||||||||||
net change in inventories, prepaid expenses and other current assets, accounts | |||||||||||||||||||||||||||||||||||||
payable, accrued expenses and other current and long-term liabilities | 1,169,000 | 6,015,000 | -13,650,000 | 794,000 | 4,688,000 | -14,006,000 | -2,131,000 | 1,245,000 | -2,888,000 | 1,815,000 | 7,637,000 | -2,088,000 | -7,975,000 | 9,416,000 | -10,658,000 | -4,807,000 | 2,524,000 | 766,000 | -2,240,000 | ||||||||||||||||||
expenditures for vessels, vessel improvements and vessels under construction | -87,668,000 | -17,905,000 | -82,973,000 | -13,714,000 | -12,941,000 | -4,150,000 | -121,346,000 | -66,722,000 | |||||||||||||||||||||||||||||
security deposits returned for vessel exchange transactions | 0 | 0 | 5,000,000 | ||||||||||||||||||||||||||||||||||
proceeds from disposal of vessels and other property | 66,736,000 | 27,903,000 | 115,264,000 | 23,872,000 | -34,000 | 49,000 | 20,021,000 | -138,000 | 55,357,000 | 24,257,000 | 110,079,000 | 3,442,000 | -11,000 | 59,557,000 | -14,000 | -23,000 | 13,601,000 | 5,000 | 6,672,000 | 9,172,000 | -82,000 | 36,406,000 | 6,382,000 | 69,074,000 | 57,430,000 | 10,682,000 | |||||||||||
net cash from investing activities | -21,006,000 | 9,571,000 | 36,915,000 | -17,931,000 | -40,671,000 | -53,512,000 | -42,903,000 | 45,284,000 | 39,033,000 | -136,359,000 | -72,225,000 | -9,228,000 | -112,508,000 | 179,184,000 | -14,649,000 | 17,148,000 | 137,205,000 | -17,648,000 | -3,417,000 | 63,399,000 | -3,266,000 | 3,360,000 | 6,463,000 | 2,676,000 | 27,493,000 | 3,849,000 | 33,617,000 | 58,750,000 | -39,664,000 | -85,932,000 | -64,000 | -497,000 | -2,232,000 | ||||
payments on sale and leaseback financing | -12,742,000 | -12,397,000 | -12,242,000 | -9,824,000 | -9,731,000 | -9,085,000 | |||||||||||||||||||||||||||||||
repurchase of common stock | 0 | ||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | 263,762,000 | 16,038,000 | 132,769,000 | -72,832,000 | 36,640,000 | 139,501,000 | -13,363,000 | -47,840,000 | 20,163,000 | 101,067,000 | |||||||||||||||||||||||||||
amortization of time charter hire contracts acquired | 0 | 158,000 | 344,000 | 340,000 | 685,000 | ||||||||||||||||||||||||||||||||
earnings of affiliated companies | -280,000 | 0 | -4,420,000 | -5,597,000 | -5,265,000 | -5,730,000 | -5,375,000 | -5,468,000 | 11,553,000 | -5,357,000 | -6,358,000 | -3,851,000 | -5,321,000 | -8,578,000 | -7,915,000 | -8,452,000 | -6,236,000 | -5,417,000 | |||||||||||||||||||
loss on sale of investment in affiliated companies | |||||||||||||||||||||||||||||||||||||
cash distributions from affiliated companies | 861,000 | 0 | 0 | 2,250,000 | 3,060,000 | 3,150,000 | 800,000 | 2,825,000 | -3,856,000 | 3,250,000 | 2,000,000 | 3,250,000 | 3,641,000 | 3,686,000 | 4,478,000 | 2,050,000 | 3,855,000 | 3,904,000 | 29,651,000 | 6,212,000 | |||||||||||||||||
proceeds from sale of investment in affiliated companies | |||||||||||||||||||||||||||||||||||||
borrowings on long term debt, net of lenders' fees | 0 | ||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of year | 0 | 0 | 0 | 243,744,000 | 0 | 0 | 0 | 98,933,000 | 0 | 0 | 0 | 215,677,000 | 0 | 0 | 0 | 150,243,000 | 0 | 0 | 0 | 117,644,000 | 0 | 0 | 0 | 70,606,000 | |||||||||||||
equity in results of affiliated companies | 0 | 0 | 20,000 | ||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | |||||||||||||||||||||||||||||||||||||
payments and advance payment on sale and leaseback financing and finance lease | |||||||||||||||||||||||||||||||||||||
merger and integration related costs, noncash | 0 | ||||||||||||||||||||||||||||||||||||
net cash from by operating activities | |||||||||||||||||||||||||||||||||||||
cash acquired, net of equity issuance costs related to merger | -108,000 | ||||||||||||||||||||||||||||||||||||
cash payments on derivatives containing other-than-insignificant financing element | -11,720,000 | -1,354,000 | -1,311,000 | -1,312,000 | |||||||||||||||||||||||||||||||||
distribution to noncontrolling interest | |||||||||||||||||||||||||||||||||||||
net cash from by financing activities | -182,983,000 | -164,543,000 | |||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | -12,216,000 | 22,953,000 | 68,219,000 | -56,195,000 | -33,658,000 | 62,023,000 | 9,193,000 | -26,070,000 | 13,137,000 | 19,511,000 | -6,216,000 | -18,993,000 | 51,667,000 | 20,580,000 | |||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of year | |||||||||||||||||||||||||||||||||||||
loss on sale of investments in affiliated companies | 1,000 | ||||||||||||||||||||||||||||||||||||
proceeds from sale of investments in affiliated companies | -1,103,000 | ||||||||||||||||||||||||||||||||||||
issuance of debt, net of issuance and deferred financing costs | 0 | 0 | 0 | 362,989,000 | -146,000 | -2,658,000 | 29,970,000 | 98,661,000 | |||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of period | 22,953,000 | -58,526,000 | 174,549,000 | -56,195,000 | 156,116,000 | 75,604,000 | -973,000 | -38,837,000 | 172,401,000 | 9,193,000 | 34,134,000 | 110,327,000 | -26,070,000 | 13,137,000 | 137,155,000 | -18,993,000 | 51,667,000 | 91,186,000 | |||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | -69,195,000 | -23,329,000 | -38,837,000 | -43,276,000 | |||||||||||||||||||||||||||||||||
change in fair value of interest rate collar recorded through earnings | 0 | 0 | 0 | 1,271,000 | |||||||||||||||||||||||||||||||||
investments in and advances to affiliated companies | -500,000 | 2,700,000 | -311,000 | -527,000 | -693,000 | -6,766,000 | -149,000 | 54,000 | 0 | 2,393,000 | -410,000 | 364,000 | 234,000 | 1,670,000 | -44,000 | 478,000 | 788,000 | 925,000 | 1,097,000 | 869,000 | 1,149,000 | -1,776,000 | -30,000 | -74,000 | 0 | ||||||||||||
repayments of advances from joint venture investees | 4,793,000 | 2,845,000 | 90,654,000 | 2,488,000 | |||||||||||||||||||||||||||||||||
borrowings on long term debt, net of lenders' fees and deferred financing costs | |||||||||||||||||||||||||||||||||||||
write-off of registration statement costs | 0 | 0 | 694,000 | ||||||||||||||||||||||||||||||||||
increase in receivables | -48,236,000 | -61,440,000 | -13,369,000 | -4,879,000 | -2,740,000 | -20,249,000 | |||||||||||||||||||||||||||||||
expenditures for vessels and vessel improvements | -33,802,000 | -15,812,000 | -37,989,000 | -20,084,000 | -20,849,000 | -3,281,000 | -3,600,000 | -5,500,000 | -12,035,000 | -28,914,000 | -26,810,000 | -4,441,000 | -2,394,000 | -2,962,000 | -13,731,000 | -6,290,000 | -127,014,000 | -1,911,000 | -55,166,000 | -99,786,000 | -18,186,000 | -397,000 | -1,397,000 | ||||||||||||||
investments in short term time deposits | |||||||||||||||||||||||||||||||||||||
cash payments on derivatives containing other-than-insignificant financing elements | |||||||||||||||||||||||||||||||||||||
loss on disposal of vessels and other assets | -8,102,000 | -3,073,000 | |||||||||||||||||||||||||||||||||||
common stock issuance costs | |||||||||||||||||||||||||||||||||||||
cash paid to tax authority upon vesting of stock-based compensation | -523,000 | -970,000 | 0 | -95,000 | -541,000 | -489,000 | -269,000 | -72,000 | -495,000 | -705,000 | 0 | -10,000 | -210,000 | -149,000 | 0 | -13,000 | -119,000 | -278,000 | -88,000 | -20,000 | -77,000 | -164,000 | |||||||||||||||
net loss | -13,001,000 | -11,095,000 | 6,958,000 | ||||||||||||||||||||||||||||||||||
items included in net loss not affecting cash flows: | |||||||||||||||||||||||||||||||||||||
items included in net loss related to investing and financing activities: | |||||||||||||||||||||||||||||||||||||
extinguishment of debt | -10,981,000 | 0 | -40,000,000 | 0 | -382,699,000 | -100,000,000 | 0 | -2,069,000 | 0 | 0 | 0 | ||||||||||||||||||||||||||
payments on debt | -35,284,000 | -51,870,000 | -81,652,000 | -15,371,000 | -15,371,000 | -15,371,000 | -15,370,000 | -20,371,000 | -30,895,000 | -11,380,000 | -18,879,000 | -12,888,000 | -6,764,000 | -19,014,000 | -9,826,000 | -9,332,000 | -33,438,000 | -3,437,000 | -50,000,000 | 0 | -1,546,000 | ||||||||||||||||
release other comprehensive loss upon sale of investment in affiliated companies | |||||||||||||||||||||||||||||||||||||
gain on sale of investment in affiliated companies | |||||||||||||||||||||||||||||||||||||
extinguishment of debt, including premiums and fees | |||||||||||||||||||||||||||||||||||||
gain on disposal of vessels and other property | -2,804,000 | 941,000 | 387,000 | 132,000 | |||||||||||||||||||||||||||||||||
issuance of debt, net of issuance costs | 19,518,000 | ||||||||||||||||||||||||||||||||||||
loss on disposal of vessels and other property | 508,000 | 11,000 | 1,167,000 | -1,472,000 | 1,548,000 | -48,000 | 6,573,000 | ||||||||||||||||||||||||||||||
stock compensation, non-cash | 1,490,000 | 1,297,000 | 1,206,000 | 1,366,000 | 1,091,000 | 1,060,000 | 761,000 | 959,000 | 678,000 | 896,000 | 629,000 | ||||||||||||||||||||||||||
repayments of advances from affiliated companies | -436,000 | -178,000 | 5,450,000 | 14,250,000 | 8,000,000 | 0 | |||||||||||||||||||||||||||||||
payments on derivatives containing other-than-insignificant financing element | |||||||||||||||||||||||||||||||||||||
net cash (used in)/provided by investing activities | -15,157,000 | ||||||||||||||||||||||||||||||||||||
net (decrease)/increase in cash, cash equivalents and restricted cash | -39,916,000 | ||||||||||||||||||||||||||||||||||||
loss/(gain) on disposal of vessels and other assets | |||||||||||||||||||||||||||||||||||||
decrease/(increase) in receivables | |||||||||||||||||||||||||||||||||||||
net cash provided by/(used in) operating activities | |||||||||||||||||||||||||||||||||||||
net cash provided by/(used in) investing activities | |||||||||||||||||||||||||||||||||||||
premium on extinguishment of debt | -1,992,000 | ||||||||||||||||||||||||||||||||||||
net cash (used in)/provided by financing activities | |||||||||||||||||||||||||||||||||||||
net increase/(decrease) in cash, cash equivalents and restricted cash | |||||||||||||||||||||||||||||||||||||
loss on repurchase of debt | |||||||||||||||||||||||||||||||||||||
net change in inventories, prepaid expenses and other current assets, accounts payable, accrued expenses and other current and long-term liabilities | 3,131,000 | ||||||||||||||||||||||||||||||||||||
loss on write-down of vessels and other fixed assets | |||||||||||||||||||||||||||||||||||||
allocated reorganization items, non-cash | 233,000 | ||||||||||||||||||||||||||||||||||||
allocated general and administrative costs, non-cash | |||||||||||||||||||||||||||||||||||||
deferred financing costs paid for loan modification | 0 | ||||||||||||||||||||||||||||||||||||
decrease in payable to osg | 0 | 0 | 0 | -333,000 | 290,000 | -60,000 | -628,000 | ||||||||||||||||||||||||||||||
net change in inventories, prepaid expenses and other current assets and accounts payable, accrued expense, and other current and long-term liabilities | -21,915,000 | -5,051,000 | -2,525,000 | -6,713,000 | |||||||||||||||||||||||||||||||||
dividend payments to osg | |||||||||||||||||||||||||||||||||||||
loss on write-down of vessels | 81,062,000 | ||||||||||||||||||||||||||||||||||||
undistributed earnings of affiliated companies | -8,425,000 | -9,039,000 | -13,145,000 | -13,807,000 | -13,436,000 | 18,927,000 | |||||||||||||||||||||||||||||||
direct and allocated stock compensation, non-cash | 1,075,000 | 1,000,000 | 993,000 | 740,000 | 684,000 | ||||||||||||||||||||||||||||||||
allocated general and administrative expenses recorded as capital contributions | -74,000 | ||||||||||||||||||||||||||||||||||||
discount on repurchase of debt | |||||||||||||||||||||||||||||||||||||
increase in payable to osg | |||||||||||||||||||||||||||||||||||||
decrease in restricted cash | 0 | ||||||||||||||||||||||||||||||||||||
deferred income tax benefit | |||||||||||||||||||||||||||||||||||||
bankruptcy claim payments | |||||||||||||||||||||||||||||||||||||
increase in cost sharing reimbursement payable to osg | |||||||||||||||||||||||||||||||||||||
net change in inventory, prepaid expenses and other current assets, accounts payable,accrued expenses and other current and long-term liabilities | |||||||||||||||||||||||||||||||||||||
payments on debt, including adequate protection payments | |||||||||||||||||||||||||||||||||||||
net change in investment of osg | |||||||||||||||||||||||||||||||||||||
contributions by osg | |||||||||||||||||||||||||||||||||||||
increase in cost sharing reimbursement payable to former parent | |||||||||||||||||||||||||||||||||||||
proceeds from disposal of vessels | |||||||||||||||||||||||||||||||||||||
dividend payments to former parent |