Fundamentals

As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD
Source Document Currency Code 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD

ASSETS

Current Assets

Cash and cash equivalents 601,927 389,226 193,978 191,089
Restricted cash NA NA 10,583 7,272
Voyage receivables, including unbilled 147,964 101,513 6,662 23,456
Income tax recoverable 3,952 55,856 1,200 877
Receivable from INSW NA NA 0 683
Other receivables 16,838 8,293 3,195 2,696
Inventories 16,884 7,987 NA NA
Inventories, prepaid expenses and other current assets 24,284 16,303 11,615 12,243
Deferred income taxes 5,464 NA NA NA
Current assets of discontinued operations NA NA 396,698 0
Total Current Assets 817,313 632,263 623,931 238,316
Restricted cash 0 53,085 0 8,572
Restricted cash - non current NA 70,093 NA NA
Vessels and other property, less accumulated depreciation 2,359,352 2,213,217 844,447 684,468
Deferred drydock expenditures, net 57,248 62,413 58,166 31,172
Total Vessels, Deferred Drydock and Other Property 2,416,600 2,275,630 902,613 715,640
Investments in and advances to affiliated companies 323,327 334,863 3,827 3,694
Intangible assets, less accumulated amortization 60,167 54,817 50,217 45,617
Other assets 27,087 63,513 16,608 18,658
Non-current assets of discontinued operations NA NA 1,633,214 0
Total Assets 3,644,494 3,431,179 3,230,410 1,030,497

LIABILITIES AND EQUITY

Current Liabilities

Accounts payable, accrued expenses and other current liabilities 121,582 96,066 60,450 57,222
Income taxes payable 256,258 906 50 306
Current installments of long-term debt 0 12,314 56,755 0
Current liabilities of discontinued operations NA NA 37,030 0
Total Current Liabilities 377,840 109,286 154,285 57,528
Reserve for uncertain tax positions 26,585 34,520 2,520 3,129
Long-term debt 0 1,656,353 634,286 525,082
Deferred income taxes 369,954 277,965 208,195 141,457
Other liabilities 42,189 66,968 52,889 48,969
Liabilities subject to compromise 2,888,173 NA NA NA
Non-current liabilities of discontinued operations NA NA 597,747 0
Total Liabilities 3,704,741 2,145,092 1,649,922 776,165

Equity

Common stock - Class A 0 3,108 3,646 702
Common stock - Class B 0 50 74 0
Common stock 44,291 NA NA NA
Paid-in additional capital 413,753 1,507,334 1,651,511 583,526
Accumulated deficit 386,250 (141,025) (1,282) (321,736)
Total, Gross 844,294 NA NA NA
Cost of treasury stock (835,197) NA NA NA
Total 9,097 1,369,467 1,653,949 262,492
Accumulated other comprehensive loss (69,344) (83,380) (73,461) (8,160)
Total Equity (60,247) 1,286,087 1,580,488 254,332
Total Liabilities and Equity 3,644,494 3,431,179 3,230,410 1,030,497
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.