International Seaways, Inc. (INSW) financial statements (2021 and earlier)

Company profile

Business Address 600 THIRD AVENUE
NEW YORK, NY 10016
State of Incorp.
Fiscal Year End December 31
SIC 44 - Water Transportation (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments906892805892116
Cash and cash equivalents906892805892116
Receivables8880801001007979
Inventory, net of allowances, customer advances and progress billings4344345
Inventory4344345
Derivative instruments and hedges, assets  00012
Other undisclosed current assets6579663
Total current assets:187157183193168181204
Noncurrent Assets
Operating lease, right-of-use asset34   
Property, plant and equipment1,2931,2851,2921,3211,3311,3541,406
Long-term investments and receivables153272266268268275275
Long-term investments153272266268268275275
Derivative instruments and hedges  00138
Restricted cash and investments61565958593227
Other noncurrent assets3333545
Other undisclosed noncurrent assets23566350173622
Total noncurrent assets:1,5661,6721,6821,6991,6811,7061,743
TOTAL ASSETS:1,7541,8291,8651,8911,8491,8871,946
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15   9  
Accounts payable5   1  
Accrued liabilities4   3  
Employee-related liabilities6   5  
Interest and dividends payable1   1  
Deferred revenue0   
Debt83515858525848
Derivative instruments and hedges, liabilities432111 
Customer advances and deposits0
Other liabilities2   3  
Other undisclosed current liabilities11434642114654
Total current liabilities:1149810610075105102
Noncurrent Liabilities
Long-term debt and lease obligation609717737748759770790
Long-term debt, excluding current maturities591717737748759770790
Operating lease, liability18   
Liabilities, other than long-term debt81195444
Other liabilities1222244
Derivative instruments and hedges, liabilities710632  
Other undisclosed noncurrent liabilities 211920   
Total noncurrent liabilities:617749764773763774793
Total liabilities:731846870873839879896
Stockholders' equity
Stockholders' equity attributable to parent1,0229829951,0181,0101,0081,051
Common stock1,3131,3121,3111,3101,3091,3081,308
Accumulated other comprehensive loss(21)(43)(40)(33)(30)(24)(28)
Accumulated deficit(270)(286)(275)(259)(269)(276)(229)
Total stockholders' equity:1,0229829951,0181,0101,0081,051
TOTAL LIABILITIES AND EQUITY:1,7541,8291,8651,8911,8491,8871,946

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues12471691021016157
Revenue, net292423
Cost of revenue(39)(68)(71)(76)(41)(75)(59)
Gross profit:854(2)2659(14)(2)
Operating expenses(38)(6)(6)(7)(41)(22)(7)
Operating income (loss):47(3)(8)1918(36)(10)
Nonoperating income (expense)(3)01100(5)
Other nonoperating income (expense)(3)011 0(5)
Interest and debt expense(14)(17)(17)(18)(18)(17)(13)
Income (loss) from continuing operations before equity method investments, income taxes:29(20)(25)3(0)(53)(28)
Income (loss) from equity method investments(13)888759
Income (loss) from continuing operations before income taxes:16(11)(17)117(48)(19)
Income tax expense (benefit)    0(0) 
Other undisclosed loss from continuing operations(0)      
Income (loss) before gain (loss) on sale of properties:16(11)(17)117(48)(19)
Other undisclosed net loss(0)      
Net income (loss) available to common stockholders, diluted:16(11)(17)117(48)(19)

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):16(11)(17)117(48)(19)
Other comprehensive income (loss)23(3)(7)(3)(6)55
Comprehensive income (loss), net of tax, attributable to parent:39(14)(23)81(43)(14)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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