Overseas Shipholding Group, Inc. (OSG) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments83704280166191503
Cash and cash equivalents83704280166191503
Restricted cash and investments00000711
Receivables22151319272689
Inventory, net of allowances, customer advances and progress billings      4
Inventory      4
Prepaid expense11110   
Other undisclosed current assets3213141418
Total current assets:1098958112207238624
Noncurrent Assets
Finance lease, right-of-use asset  29
Operating lease, right-of-use asset152216286
Property, plant and equipment7217916445986336842,085
Long-term investments and receivables  4444349
Long-term investments  4444349
Intangible assets, net (including goodwill)23273236414650
Intangible assets, net (excluding goodwill)23273236414650
Regulated entity, other noncurrent assets  1    
Restricted cash and investments0000099
Other noncurrent assets27253551231963
Other undisclosed noncurrent assets84858726243195
Total noncurrent assets:1,0071,1431,1187157257922,651
TOTAL ASSETS:1,1161,2321,1758289321,0303,275
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities24261717183450
Accounts payable9963436
Accrued liabilities0111118
Employee-related liabilities121491292523
Taxes payable    000
Interest and dividends payable32214513
Debt26431262328 63
Customer advances and deposits51011
Other liabilities1121323
Other undisclosed current liabilities125112171681228
Total current liabilities:176182162586358154
Noncurrent Liabilities
Long-term debt and lease obligation5155595803224215251,268
Long-term debt, excluding current maturities4233903373224215251,268
Finance lease, liability192124
Operating lease, liability73147220
Liabilities, other than long-term debt8611293118135194272
Deferred tax liabilities, net7384141208
Deferred income tax liabilities648173
Liability for uncertainty in income taxes0010333
Other liabilities22301944484962
Total noncurrent liabilities:6016706724405567191,540
Total liabilities:7778528344986197761,694
Stockholders' equity
Stockholders' equity attributable to parent, including:3393803423293132541,580
Common stock11111  
Additional paid in capital5945935905885855841,652
Accumulated other comprehensive income (loss)3(0)(6)(7)(6)(8)(73)
Accumulated deficit(260)(213)(243)(252)(266)(322)(1)
Other undisclosed stockholders' equity attributable to parent     14
Total stockholders' equity:3393803423293132541,580
TOTAL LIABILITIES AND EQUITY:1,1161,2321,1758289321,0303,275

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues359419356366390462965
Revenue, net390462604
Operating leases, income statement, lease revenue214
Sublease income76198188
Cost of revenue   (312)(305)(334)(608)
Gross profit:3594193565485129357
Operating expenses(388)(379)(326)(31)(51)(164)(76)
Other undisclosed operating income 19     
Operating income (loss):(29)59302434(35)281
Nonoperating income (expense)221211(26)
Investment income, nonoperating   2110
Other nonoperating income221    
Interest and debt expense(29)(26)(28)(31)(36)(43)(113)
Income (loss) from continuing operations before equity method investments, income taxes:(56)343(5)(1)(77)142
Income from equity method investments  444449
Other undisclosed income (loss) from continuing operations before income taxes(9)22(3)(5)(3) 
Income (loss) from continuing operations before income taxes:(64)369(4)(1)(77)191
Income tax expense (benefit)18(6)(1)185865101
Net income (loss):(46)3091356(12)292
Other undisclosed net loss attributable to parent    (0)(282)(8)
Net income (loss) available to common stockholders, diluted:(46)3091356(294)284

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(46)3091356(12)292
Other comprehensive income36112710
Comprehensive income (loss):(43)3691458(5)302
Other undisclosed comprehensive loss, net of tax, attributable to parent    (0)(282)(8)
Comprehensive income (loss), net of tax, attributable to parent:(43)3691458(287)294

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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