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)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 4280166191503389
Cash and cash equivalents 4280166191503389
Restricted cash and investments 000711123
Receivables 1319272689110
Inventory, net of allowances, customer advances and progress billings     48
Inventory     48
Prepaid expense 110    
Deferred tax assets    5
Other undisclosed current assets 1314141872
Total current assets: 58112207238624708
Noncurrent Assets
Finance lease, right-of-use asset 29
Operating lease, right-of-use asset 286
Property, plant and equipment 6445986336842,0852,213
Long-term investments and receivables 4444349335
Long-term investments 4444349335
Intangible assets, net (including goodwill) 323641465055
Intangible assets, net (excluding goodwill) 323641465055
Regulated entity, other noncurrent assets 1     
Restricted cash and investments 00099 
Other noncurrent assets 355123196364
Other undisclosed noncurrent assets 872624319562
Total noncurrent assets: 1,1187157257922,6512,729
TOTAL ASSETS: 1,1758289321,0303,2753,436
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 171718345049
Accounts payable 634364
Accrued liabilities 111183
Employee-related liabilities 9129252319
Taxes payable   0001
Interest and dividends payable 21451321
Debt 1262328 6312
Customer advances and deposits5101116
Other liabilities 213233
Other undisclosed current liabilities 17168122830
Total current liabilities: 162586358154109
Noncurrent Liabilities
Long-term debt and lease obligation 5803224215251,2681,656
Long-term debt, excluding current maturities 3373224215251,2681,656
Finance lease, liability 24
Operating lease, liability 220
Liabilities, other than long-term debt 93118135194272385
Deferred tax liabilities, net7384141208283
Deferred income tax liabilities 73
Liability for uncertainty in income taxes 1033335
Other liabilities 194448496267
Total noncurrent liabilities: 6724405567191,5402,041
Total liabilities: 8344986197761,6942,150
Stockholders' equity
Stockholders' equity attributable to parent, including: 3423293132541,5801,286
Common stock 111   
Additional paid in capital 5905885855841,6521,507
Accumulated other comprehensive loss (6)(7)(6)(8)(73)(83)
Accumulated deficit (243)(252)(266)(322)(1)(141)
Other undisclosed stockholders' equity attributable to parent    143
Total stockholders' equity: 3423293132541,5801,286
TOTAL LIABILITIES AND EQUITY: 1,1758289321,0303,2753,436

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 356366390462965957
Revenue, net390462604777
Operating leases, income statement, lease revenue214
Sublease income 188
Cost of revenue  (312)(305)(334)(608)(401)
Gross profit: 3565485129357556
Operating expenses (326)(31)(51)(164)(76)(461)
Operating income (loss): 302434(35)28195
Nonoperating income (expense) 1211(26)0
Investment income, nonoperating  21100
Other nonoperating income 1    0
Interest and debt expense (28)(31)(36)(43)(113)(232)
Income (loss) from continuing operations before equity method investments, income taxes: 3(5)(1)(77)142(137)
Income from equity method investments 44444941
Other undisclosed income (loss) from continuing operations before income taxes 2(3)(5)(3)  
Income (loss) from continuing operations before income taxes: 9(4)(1)(77)191(96)
Income tax expense (benefit) (1)185865101115
Net income (loss): 91356(12)29219
Other undisclosed net loss attributable to parent   (0)(282)(8)(171)
Net income (loss) available to common stockholders, diluted: 91356(294)284(152)

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): 91356(12)29219
Other comprehensive income (loss) 112710(14)
Comprehensive income (loss): 91458(5)3025
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)

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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