Overseas Shipholding Group Inc. (OSG) Financial Statements (2025 and earlier)

Company Profile

Business Address TWO HARBOUR PLACE
TAMPA, FL 33602
State of Incorp. FL
Fiscal Year End December 31
Industry (SIC) 4412 - Deep Sea Foreign Transportation of Freight (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments91,15778,73283,17269,69741,50380,417
Cash and cash equivalents76,25778,73283,17269,69741,50380,417
Short-term investments14,900     
Restricted cash and investments   37496059
Receivables20,90926,94622,28415,32713,47619,123
Prepaid expense 6623855431,3101,2929,886
Other undisclosed current assets1,8602,2832,8952,2931,1782,895
Total current assets:114,588108,346108,93188,67657,509112,380
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization     28,993✕
Operating lease, right-of-use asset172,703206,797152,027215,817286,469✕
Property, plant and equipment 665,442697,580720,796790,738644,312597,659
Long-term investments and receivables     3,5993,585
Long-term investments     3,5993,585
Intangible assets, net (including goodwill)13,41718,01722,61727,21731,81736,417
Intangible assets, net (excluding goodwill)13,41718,01722,61727,21731,81736,417
Regulated entity, other noncurrent assets     1,086 
Restricted cash and investments   4473114165
Other noncurrent assets34,31725,94526,99124,64635,01351,425
Other undisclosed noncurrent assets78,41782,37884,32384,57086,55526,099
Total noncurrent assets:964,2961,030,7171,006,7981,143,0611,117,958715,350
TOTAL ASSETS:1,078,8841,139,0631,115,7291,231,7371,175,467827,730
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 29,38919,31624,40925,69317,10517,463
Interest and dividends payable✕✕✕2,5651,7521,8281,010
Employee-related liabilities✕✕✕12,01314,1848,66012,454
Accounts payable 5,1725,9629,4968,7175,9443,360
Accrued liabilities 24,21713,3543351,040673639
Debt43,30527,73326,22542,922125,66823,240
Other liabilities 1,4966126196741,9841,385
Other undisclosed current liabilities95,29898,266124,883112,33516,78715,830
Total current liabilities:169,488145,927176,136181,624161,54457,918
Noncurrent Liabilities
Long-term debt and lease obligation357,406416,086514,663558,712579,584322,295
Long-term debt, excluding current maturities357,406399,630422,515390,198336,535322,295
Finance lease, liability  16,45618,99821,36023,548✕
Liabilities, other than long-term debt197,937237,36586,316111,59092,794118,049
Deferred tax liabilities, net✕✕✕✕✕✕73,365
Deferred income tax liabilities79,37370,23363,74480,99272,833✕
Liability for uncertainty in income taxes285175179189864220
Other liabilities10,36816,99722,39330,40919,09744,464
Operating lease, liability107,911149,96073,150147,154219,501✕
Total noncurrent liabilities:555,343653,451600,979670,302672,378440,344
Total liabilities:724,831799,378777,115851,926833,922498,262
Equity
Equity, attributable to parent354,053339,685338,614379,811341,545329,468
Common stock895883872864857848
Treasury stock, value(64,380)(29,040)    
Additional paid in capital588,361597,455594,386592,564590,436587,826
Accumulated other comprehensive income (loss)4,0023,4102,943(282)(6,409)(7,192)
Accumulated deficit(174,825)(233,023)(259,587)(213,335)(243,339)(252,014)
Total equity:354,053339,685338,614379,811341,545329,468
TOTAL LIABILITIES AND EQUITY:1,078,8841,139,0631,115,7291,231,7371,175,467827,730

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues451,871466,800359,062418,692355,547366,163
Operating leases, income statement, lease revenue✕✕✕✕✕✕213,923
Sublease income 183,699166,53075,516197,546188,163✕
Cost of revenue      (311,674)
Gross profit:451,871466,800359,062418,692355,54754,489
Operating expenses(354,948)(403,609)(388,162)(379,251)(325,695)(30,603)
Other undisclosed operating income    19,172  
Operating income (loss):96,92363,191(29,100)58,61329,85223,886
Nonoperating income6,6663,3271,9851,6211,4401,973
Investment income, nonoperating      1,973
Other nonoperating income6,6663,3271,9851,6211,440 
Interest and debt expense(31,177)(32,739)(28,682)(25,779)(27,808)(31,032)
Income (loss) from continuing operations before equity method investments, income taxes:72,41233,779(55,797)34,4553,484(5,173)
Income from equity method investments     3,5523,538
Other undisclosed income (loss) from continuing operations before income taxes(39)(321)(8,552)1,7342,175(2,590)
Income (loss) from continuing operations before income taxes:72,37333,458(64,349)36,1899,211(4,225)
Income tax expense (benefit)(9,919)(6,894)18,097(6,185)(536)17,714
Income (loss) from continuing operations:62,45426,564(46,252)30,0048,67513,489
Income (loss) before gain (loss) on sale of properties:✕✕✕(46,252)30,0048,67513,489
Net income (loss) available to common stockholders, diluted:62,45426,564(46,252)30,0048,67513,489

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):62,45426,564(46,252)30,0048,67513,489
Other comprehensive income5924673,2256,127783753
Comprehensive income (loss), net of tax, attributable to parent:63,04627,031(43,027)36,1319,45814,242

Statements Sources

The financial statements are based on the Company's filings with 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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