International Shipholding Corp (ISHC) financial statements (2022 and earlier)

Company profile

Business Address 11 NORTH WATER STREET
MOBILE, AL 36602
State of Incorp. DE
Fiscal Year End December 31
SIC 4412 - Deep Sea Foreign Transportation of Freight (benchmarking)
More info Complete financial analysis Financial benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments10212020
Cash and cash equivalents10212020
Restricted cash and investments21  
Inventory, net of allowances, customer advances and progress billings 10
Inventory 10  
Prepaid expense911 
Disposal group, including discontinued operation527  
Prepaid expense and other current assets108
Deferred tax assets0030
Other current assets00 
Other undisclosed current assets7 2023
Total current assets:107858789
Noncurrent Assets
Property, plant and equipment189375450414
Long-term investments and receivables26484448
Long-term investments0221513
Accounts and financing receivable, after allowance for credit loss24242833
Due from related parties1222
Intangible assets, net (including goodwill) 283148
Goodwill 333
Intangible assets, net (excluding goodwill) 252946
Deferred costs23292920
Other noncurrent assets25 
Prepaid expense and other noncurrent assets76
Defined benefit plan, assets for plan benefits  2 
Assets of disposal group, including discontinued operation49  
Deferred tax assets, net(0)(0)7(0)
Other undisclosed noncurrent assets0(396)(466)(426)
Total noncurrent assets:240136105109
Other undisclosed assets 397465440
TOTAL ASSETS:346618656638
Current Liabilities
Accounts payable and accrued liabilities, including:60535151
Accounts payable7   
Accrued liabilities5   
Employee-related liabilities3245
Other undisclosed accounts payable and accrued liabilities46504746
Derivative instruments and hedges, liabilities 000
Self insurance reserve 111
Other undisclosed current liabilities0(1)(1)(1)
Total current liabilities:217767077
Noncurrent Liabilities
Long-term debt and lease obligation 220179212
Long-term debt, excluding current maturities 220179212
Liabilities, other than long-term debt40597081
Pension and other postretirement defined benefit plans, liabilities1  
Deferred tax liabilities, net 0  
Other liabilities40506581
Derivative instruments and hedges, liabilities 74 
Other undisclosed noncurrent liabilities 727183
Total noncurrent liabilities:40351320375
Total liabilities:258427391452
Stockholders' equity
Stockholders' equity attributable to parent, including:86268336262
Common stock9999
Treasury stock, value(25)(25)(25)(25)
Additional paid in capital14114114086
Accumulated other comprehensive loss(12)(16)(14)(25)
Retained earnings (accumulated deficit)(27)159226218
Other undisclosed stockholders' equity attributable to parent111 
Total stockholders' equity:86268336262
Other undisclosed liabilities and equity2(76)(70)(77)

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

Cost of revenue(242)   
Other undisclosed gross profit(9)(245)  
Gross profit:950310243
Operating expenses(177)(331)(301)(220)
Other undisclosed operating income9245  
Operating income (loss):(160)(36)1024
Nonoperating expense(15)(8)(2)(2)
Investment income, nonoperating0000
Loss on contract termination (3)  
Foreign currency transaction gain (loss), before tax(0)(0)66
Other nonoperating income2222
Interest and debt expense(1)(10)(10)(10)
Other undisclosed income from continuing operations before equity method investments, income taxes1101010
Income (loss) from continuing operations before equity method investments, income taxes:(175)(44)822
Income (loss) from equity method investments(4)0(2)(0)
Income (loss) from continuing operations before income taxes:(179)(44)622
Income tax expense (benefit)(0)(10)120
Income (loss) before gain (loss) on sale of properties:(180)(55)1822
Other undisclosed net loss   (2)
Net income (loss):(180)(55)1820
Other undisclosed net income attributable to parent   2
Net income (loss) attributable to parent:(180)(55)1822
Preferred stock dividends and other adjustments(5)   
Other undisclosed net loss available to common stockholders, basic (5)(3) 
Net income (loss) available to common stockholders, diluted:(185)(60)1522

Comprehensive Income ($ in millions)

Net income (loss):(180)(55)1820
Other comprehensive income4   
Comprehensive income (loss):(175)(55)1820
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (2)111
Comprehensive income (loss), net of tax, attributable to parent:(175)(57)2921

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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