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 6/30/2017 USD 2017 Q2 YTD 6/30/2017 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 6/30/2017 USD 2017 Q2 YTD 6/30/2017 USD

ASSETS

Current Assets

Cash and cash equivalents 601,927 389,226 193,978 191,089 204,575
Restricted cash 0 53,085 0 7,272 5,935
Voyage receivables, including unbilled 147,964 101,513 6,662 23,456 20,819
Income tax receivable 3,952 55,856 1,200 877 381
Receivable from INSW NA NA 0 683 506
Other receivables 16,838 8,293 3,195 2,696 17,745
Inventories 16,884 7,987 NA NA NA
Inventories, prepaid expenses and other current assets 24,284 16,303 11,615 12,243 11,542
Deferred income taxes 5,464 NA NA NA NA
Current assets of discontinued operations NA NA 396,698 NA NA
Total Current Assets 817,313 632,263 623,931 238,316 261,503
Restricted cash - non current NA 70,093 NA 8,572 0
Vessels and other property, less accumulated depreciation 2,359,352 2,213,217 844,447 684,468 664,411
Deferred drydock expenditures, net 57,248 62,413 58,166 31,172 25,697
Total Vessels, Other Property and Deferred Drydock 2,416,600 2,275,630 902,613 715,640 690,108
Investments in and advances to affiliated companies 323,327 334,863 3,827 3,694 38
Intangible assets, less accumulated amortization 60,167 54,817 50,217 45,617 43,317
Other assets 27,087 63,513 16,608 18,658 22,481
Non-current assets of discontinued operations NA NA 1,633,214 NA NA
Total Assets 3,644,494 3,431,179 3,230,410 1,030,497 1,017,447

LIABILITIES AND EQUITY

Current Liabilities

Accounts payable, accrued expenses and other current liabilities 121,582 96,066 60,450 57,222 44,029
Income taxes payable 256,258 906 50 306 1,990
Current installments of long-term debt 0 12,314 56,755 0 86,579
Current liabilities of discontinued operations NA NA 37,030 NA NA
Total Current Liabilities 377,840 109,286 154,285 57,528 132,598
Reserve for uncertain tax positions 26,585 34,520 2,520 3,129 3,175
Long-term debt 0 1,656,353 634,286 525,082 422,147
Deferred income taxes, net 369,954 277,965 208,195 141,457 143,777
Other liabilities 42,189 66,968 52,889 48,969 51,455
Liabilities subject to compromise 2,888,173 NA NA NA NA
Non-current liabilities of discontinued operations NA NA 597,747 NA NA
Total Liabilities 3,704,741 2,145,092 1,649,922 776,165 753,152

Equity

Common stock 44,291 NA NA 702 753
Common stock - Class A 0 3,108 3,646 NA NA
Common stock - Class B 0 50 74 NA NA
Paid-in additional capital 413,753 1,507,334 1,651,511 583,526 584,112
Accumulated deficit 386,250 (141,025) (1,282) (321,736) (313,095)
Total, Gross 844,294 NA NA NA NA
Cost of treasury stock (835,197) NA NA NA NA
Total 9,097 1,369,467 1,653,949 262,492 271,770
Accumulated other comprehensive loss (69,344) (83,380) (73,461) (8,160) (7,475)
Total Equity (60,247) 1,286,087 1,580,488 254,332 264,295
Total Liabilities and Equity 3,644,494 3,431,179 3,230,410 1,030,497 1,017,447
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.