XML 12 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 91,547 $ 60,027
Voyage receivables, including unbilled of $69,471 and $54,701 73,946 58,187
Other receivables 5,125 4,411
Inventories 3,941 3,270
Prepaid expenses and other current assets 5,641 5,881
Current portion of derivative asset 619 16
Total Current Assets 180,819 131,792
Restricted cash - noncurrent 32,313 10,579
Vessels and other property, less accumulated depreciation of $294,157 and $307,010 1,354,359 1,104,727
Vessel held for sale, net 17,665 5,108
Deferred drydock expenditures, net 18,627 30,528
Total Vessels, Deferred Drydock and Other Property 1,390,651 1,140,363
Investments in and advances to affiliated companies 275,420 378,894
Long-term derivative asset 3,114 886
Other assets 4,389 1,970
Total Assets 1,886,706 1,664,484
Current Liabilities:    
Accounts payable, accrued expenses and other current liabilities 25,112 22,805
Payable to OSG 34 367
Payable associated with acquisition of assets 20,935  
Current installments of long-term debt 57,680 24,063
Current portion of derivative liabiliity 770  
Total Current Liabilities 104,531 47,235
Long-term debt 770,305 528,874
Other liabilities 3,822 2,721
Total Liabilities 878,658 578,830
Commitments and contingencies
Equity:    
Capital - 100,000,000 no par value shares authorized; 29,183,431 and 29,089,865 shares issued and outstanding 1,308,310 1,306,606
Accumulated deficit (276,443) (180,545)
Stockholders Equity Subtotal 1,031,867 1,126,061
Accumulated other comprehensive loss (23,819) (40,407)
Total Equity 1,008,048 1,085,654
Total Liabilities and Equity $ 1,886,706 $ 1,664,484