Fundamentals

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-Q 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-Q 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD

ASSETS

Current Assets

Cash and cash equivalents 193,978 191,089 165,994 80,417 49,484
Restricted cash 0 8,572 217 59 60
Voyage receivables,net of reserve for doubtful accounts 6,662 23,456 24,209 16,096 7,172
Income tax receivable 1,200 877 1,122 439 476
Receivable from INSW 0 683 372 NA NA
Other receivables 3,195 2,696 2,184 3,027 2,781
Prepaid expenses NA NA 9,867 9,886 1,130
Inventories and other current assets 11,615 12,243 3,489 2,456 1,998
Current assets of discontinued operations 396,698 NA NA NA NA
Total Current Assets 623,931 238,316 207,295 112,380 63,101
Vessels and other property, less accumulated depreciation 844,447 684,468 632,509 597,659 732,675
Deferred drydock expenditures, net 58,166 31,172 23,914 26,099 26,888
Total Vessels, Other Property and Deferred Drydock 902,613 715,640 656,423 623,758 759,563
Restricted cash - non current NA NA NA 165 114
Investments in and advances to affiliated companies 3,827 3,694 3,785 3,585 272
Intangible assets, less accumulated amortization 50,217 45,617 41,017 36,417 32,967
Operating lease right-of-use assets NA NA NA 0 257,630
Other assets 16,608 18,658 23,150 51,425 23,312
Non-current assets of discontinued operations 1,633,214 NA NA NA NA
Total Assets 3,230,410 1,030,497 931,887 827,730 1,136,959

LIABILITIES AND EQUITY

Current Liabilities

Accounts payable, accrued expenses and other current liabilities 60,450 57,222 34,371 34,678 31,933
Income taxes payable 50 306 NA NA NA
Current portion of operating lease liabilities NA NA NA 0 89,136
Current portion of finance lease liabilities NA NA NA 0 4,011
Current installments of long-term debt 56,755 0 28,160 23,240 30,821
Current liabilities of discontinued operations 37,030 NA NA NA NA
Total Current Liabilities 154,285 57,528 62,531 57,918 155,901
Reserve for uncertain tax positions 2,520 3,129 3,205 220 218
Noncurrent operating lease liabilities NA NA NA 0 191,046
Noncurrent finance lease liabilities NA NA NA 0 24,075
Long-term debt 634,286 525,082 420,776 322,295 344,696
Deferred income taxes, net 208,195 141,457 83,671 73,365 71,456
Other liabilities 52,889 48,969 48,466 44,464 19,982
Non-current liabilities of discontinued operations 597,747 NA NA NA NA
Total Liabilities 1,649,922 776,165 618,649 498,262 807,374

Equity

Common stock - Class A 3,646 702 783 848 857
Common stock - Class B 74 NA NA NA NA
Paid-in additional capital 1,651,511 583,526 584,675 587,826 589,985
Accumulated deficit (1,282) (321,736) (265,758) (252,014) (254,318)
Total 1,653,949 262,492 319,700 336,660 336,524
Accumulated other comprehensive loss (73,461) (8,160) (6,462) (7,192) (6,939)
Total Equity 1,580,488 254,332 313,238 329,468 329,585
Total Liabilities and Equity 3,230,410 1,030,497 931,887 827,730 1,136,959
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.