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 Q2 YTD 10-Q 6/30/2019 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 Q2 YTD 10-Q 6/30/2019 USD

ASSETS

Current Assets

Cash and cash equivalents 193,978 191,089 165,994 80,417 53,437
Restricted cash 0 8,572 217 59 59
Voyage receivables, including unbilled 6,662 23,456 24,209 16,096 11,400
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 3,020
Prepaid expenses NA NA 9,867 9,886 1,492
Inventories and other current assets 11,615 12,243 3,489 2,456 2,656
Current assets of discontinued operations 396,698 NA NA NA NA
Total Current Assets 623,931 238,316 207,295 112,380 72,540
Vessels and other property, less accumulated depreciation 844,447 684,468 632,509 597,659 638,121
Deferred drydock expenditures, net 58,166 31,172 23,914 26,099 30,041
Total Vessels, Other Property and Deferred Drydock 902,613 715,640 656,423 623,758 668,162
Restricted cash - non current NA NA NA 165 140
Investments in and advances to affiliated companies 3,827 3,694 3,785 3,585 116
Intangible assets, less accumulated amortization 50,217 45,617 41,017 36,417 34,117
Operating lease right-of-use assets NA NA NA 0 229,265
Other assets 16,608 18,658 23,150 51,425 52,377
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 1,056,717

LIABILITIES AND EQUITY

Current Liabilities

Accounts payable, accrued expenses and other current liabilities 60,450 57,222 34,371 34,678 24,061
Income taxes payable 50 306 NA NA NA
Current portion of operating lease liabilities NA NA NA 0 81,586
Current portion of finance lease liabilities NA NA NA 0 3,929
Current installments of long-term debt 56,755 0 28,160 23,240 27,289
Current liabilities of discontinued operations 37,030 NA NA NA NA
Total Current Liabilities 154,285 57,528 62,531 57,918 136,865
Reserve for uncertain tax positions 2,520 3,129 3,205 220 218
Noncurrent operating lease liabilities NA NA NA 0 163,029
Noncurrent finance lease liabilities NA NA NA 0 24,677
Long-term debt 634,286 525,082 420,776 322,295 306,308
Deferred income taxes, net 208,195 141,457 83,671 73,365 72,238
Other liabilities 52,889 48,969 48,466 44,464 20,569
Non-current liabilities of discontinued operations 597,747 NA NA NA NA
Total Liabilities 1,649,922 776,165 618,649 498,262 723,904

Equity

Common stock - Class A 3,646 702 783 848 857
Common stock - Class B 74 NA NA NA NA
Paid-in additional capital 1,651,511 583,526 584,675 587,826 589,535
Accumulated deficit (1,282) (321,736) (265,758) (252,014) (250,555)
Total 1,653,949 262,492 319,700 336,660 339,837
Accumulated other comprehensive loss (73,461) (8,160) (6,462) (7,192) (7,024)
Total Equity 1,580,488 254,332 313,238 329,468 332,813
Total Liabilities and Equity 3,230,410 1,030,497 931,887 827,730 1,056,717
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.