International Shipholding Corp (ISHC) financial statements (2023 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 thousands)

Current Assets
Cash, cash equivalents, and short-term investments9,56021,13320,01019,868
Cash and cash equivalents9,56021,13320,01019,868
Restricted cash and investments1,5301,394  
Inventory, net of allowances, customer advances and progress billings 9,760
Inventory 9,760  
Prepaid expense8,68310,927 
Disposal group, including discontinued operation51,8466,976  
Prepaid expense and other current assets9,7978,392
Deferred tax assets3094083,084323
Other current assets400370 
Other undisclosed current assets7,035 19,78523,064
Total current assets:106,77885,49487,10488,921
Noncurrent Assets
Property, plant and equipment188,577374,733449,892413,660
Long-term investments and receivables25,74247,95244,17647,766
Long-term investments18721,83714,81812,676
Accounts and financing receivable, after allowance for credit loss24,14024,45527,65933,381
Due from related parties1,4151,6601,6991,709
Intangible assets, net (including goodwill) 27,77731,49148,484
Goodwill 2,7352,7352,700
Intangible assets, net (excluding goodwill) 25,04228,75645,784
Deferred costs23,03728,65729,30919,892
Other noncurrent assets2,1684,843 
Prepaid expense and other noncurrent assets7,3835,509
Defined benefit plan, assets for plan benefits  1,500 
Assets of disposal group, including discontinued operation48,701  
Deferred tax assets, net(309)(408)7,020(323)
Other undisclosed noncurrent assets309(396,162)(466,210)(426,013)
Total noncurrent assets:239,524136,093104,561108,975
Other undisclosed assets 396,570464,710439,797
TOTAL ASSETS:346,302618,157656,375637,693
Current Liabilities
Accounts payable and accrued liabilities, including:60,49652,73151,27850,896
Accounts payable6,502   
Accrued liabilities4,830   
Employee-related liabilities2,8682,4723,8455,050
Other undisclosed accounts payable and accrued liabilities46,29650,25947,43345,846
Derivative instruments and hedges, liabilities 29860257
Self insurance reserve 1,1651,1871,186
Other undisclosed current liabilities7(1,463)(1,247)(1,443)
Total current liabilities:217,30376,09870,49176,936
Noncurrent Liabilities
Long-term debt and lease obligation 219,521179,016211,590
Long-term debt, excluding current maturities 219,521179,016211,590
Liabilities, other than long-term debt40,21258,70569,71880,718
Pension and other postretirement defined benefit plans, liabilities963  
Deferred tax liabilities, net 408  
Other liabilities40,21250,28465,30680,718
Derivative instruments and hedges, liabilities 7,0504,412 
Other undisclosed noncurrent liabilities 72,32171,47683,086
Total noncurrent liabilities:40,212350,547320,210375,394
Total liabilities:257,515426,645390,701452,330
Stockholders' equity
Stockholders' equity attributable to parent, including:86,332267,610336,165262,299
Common stock8,7838,7438,6928,632
Treasury stock, value(25,403)(25,403)(25,403)(25,403)
Additional paid in capital141,497140,960140,11586,362
Accumulated other comprehensive loss(12,053)(16,390)(13,910)(24,946)
Retained earnings (accumulated deficit)(27,058)159,134226,105217,654
Other undisclosed stockholders' equity attributable to parent566566566 
Total stockholders' equity:86,332267,610336,165262,299
Other undisclosed liabilities and equity2,455(76,098)(70,491)(76,936)
TOTAL LIABILITIES AND EQUITY:346,302618,157656,375637,693

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

Cost of revenue(242,238)   
Other undisclosed gross profit(8,592)(245,137)  
Gross profit:8,64449,697310,152243,496
Operating expenses(177,295)(331,331)(300,505)(219,525)
Other undisclosed operating income8,592245,137  
Operating income (loss):(160,059)(36,497)9,64723,971
Nonoperating expense(15,146)(7,783)(1,792)(1,951)
Investment income, nonoperating30373114470
Loss on contract termination (3,100)  
Foreign currency transaction gain (loss), before tax(91)(184)5,9145,506
Other nonoperating income1,8331,8582,1222,387
Interest and debt expense(585)(9,962)(9,504)(10,409)
Other undisclosed income from continuing operations before equity method investments, income taxes5859,9629,50410,409
Income (loss) from continuing operations before equity method investments, income taxes:(175,205)(44,280)7,85522,020
Income (loss) from equity method investments(4,049)10(1,661)(215)
Income (loss) from continuing operations before income taxes:(179,254)(44,270)6,19421,805
Income tax expense (benefit)(439)(10,429)11,963157
Income (loss) before gain (loss) on sale of properties:(179,693)(54,699)18,15721,962
Other undisclosed net loss   (1,996)
Net income (loss):(179,693)(54,699)18,15719,966
Other undisclosed net income attributable to parent   1,996
Net income (loss) attributable to parent:(179,693)(54,699)18,15721,962
Preferred stock dividends and other adjustments(5,221)   
Other undisclosed net loss available to common stockholders, basic (5,221)(3,226) 
Net income (loss) available to common stockholders, diluted:(184,914)(59,920)14,93121,962

Comprehensive Income ($ in thousands)

Net income (loss):(179,693)(54,699)18,15719,966
Other comprehensive income4,337   
Comprehensive income (loss):(175,356)(54,699)18,15719,966
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (2,480)11,036997
Comprehensive income (loss), net of tax, attributable to parent:(175,356)(57,179)29,19320,963

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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