Overseas Shipholding Group, Inc. (OSG) financial statements (2021 and earlier)

Company profile

Business Address TWO HARBOUR PLACE
TAMPA, FL 33602
State of Incorp. FL
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4280166191503389602
Cash and cash equivalents4280166191503389602
Restricted cash and investments000711123 
Receivables1319272689110148
Inventory, net of allowances, customer advances and progress billings    4817
Inventory    4817
Prepaid expense110     
Income taxes receivable4
Deferred tax assets    55
Other undisclosed current assets131414187241
Total current assets:58112207238624708817
Noncurrent Assets
Finance lease, right-of-use asset29
Operating lease, right-of-use asset286
Property, plant and equipment6445986336842,0852,2132,359
Long-term investments and receivables4444349335323
Long-term investments4444349335323
Intangible assets, net (including goodwill)32364146505560
Intangible assets, net (excluding goodwill)32364146505560
Regulated entity, other noncurrent assets1      
Restricted cash and investments00099  
Other noncurrent assets35512319636427
Other undisclosed noncurrent assets87262431956257
Total noncurrent assets:1,1187157257922,6512,7292,827
TOTAL ASSETS:1,1758289321,0303,2753,4363,644
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities171718345049430
Accounts payable63436422
Accrued liabilities111183 
Employee-related liabilities912925231931
Taxes payable  0001256
Interest and dividends payable21451321 
Accounts payable and other accrued liabilities122
Debt1262328 6312559
Customer advances and deposits5101116
Other liabilities21323327
Other undisclosed current liabilities17168122830(639)
Total current liabilities:162586358154109378
Noncurrent Liabilities
Long-term debt and lease obligation5803224215251,2681,656 
Long-term debt, excluding current maturities3373224215251,2681,656 
Finance lease, liability24
Operating lease, liability220
Liabilities, other than long-term debt93118135194272385439
Deferred tax liabilities, net7384141208283370
Deferred income tax liabilities73
Liability for uncertainty in income taxes103333527
Other liabilities19444849626742
Other undisclosed noncurrent liabilities      2,888
Total noncurrent liabilities:6724405567191,5402,0413,327
Total liabilities:8344986197761,6942,1503,705
Stockholders' equity
Stockholders' equity attributable to parent, including:3423293132541,5801,286(60)
Common stock111   44
Treasury stock, value      (835)
Additional paid in capital5905885855841,6521,507414
Accumulated other comprehensive loss(6)(7)(6)(8)(73)(83)(69)
Retained earnings (accumulated deficit)(243)(252)(266)(322)(1)(141)386
Other undisclosed stockholders' equity attributable to parent   143 
Total stockholders' equity:3423293132541,5801,286(60)
TOTAL LIABILITIES AND EQUITY:1,1758289321,0303,2753,4363,644

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues3563663904629659571,016
Revenue, net390462604777839
Operating leases, income statement, lease revenue214
Sublease income188
Cost of revenue (312)(305)(334)(608)(401)(907)
Gross profit:3565485129357556109
Operating expenses(326)(31)(51)(164)(76)(461)(476)
Operating income (loss):302434(35)28195(367)
Nonoperating income (expense)1211(26)01
Investment income, nonoperating 211001
Other nonoperating income1    0 
Interest and debt expense(28)(31)(36)(43)(113)(232)(0)
Income (loss) from continuing operations before equity method investments, income taxes:3(5)(1)(77)142(137)(367)
Income from equity method investments4444494141
Other undisclosed income (loss) from continuing operations before income taxes2(3)(5)(3)  (327)
Income (loss) from continuing operations before income taxes:9(4)(1)(77)191(96)(653)
Income tax expense (benefit)(1)18586510111515
Net income (loss):91356(12)29219(638)
Other undisclosed net loss attributable to parent  (0)(282)(8)(171) 
Net income (loss) available to common stockholders, diluted:91356(294)284(152)(638)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):91356(12)29219(638)
Other comprehensive income (loss)112710(14)44
Comprehensive income (loss):91458(5)3025(594)
Other undisclosed comprehensive loss, net of tax, attributable to parent  (0)(282)(8)(171) 
Comprehensive income (loss), net of tax, attributable to parent:91458(287)294(166)(594)

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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