DANAOS CORP DAC Balance Sheet

Danaos corp (DAC)

Balance Sheet / Yearly

Jun'18	Dec'17	Jun'17	Dec'16	Jun'16	Dec'15	Jun'15	Dec'14	Jun'14	Dec'13	Jun'13	Dec'12	Jun'12	Dec'11	Dec'10
ASSETS
CURRENT ASSETS
Cash and cash equivalents
72	66	63	73	101	72	74	57	51	68	75	55	47	51	229
Restricted cash
2	2	2	2	5	2	2	2	3	14	2	2	2	2	2
Accounts receivable, net
15	6	11	8	21	10	5	7	8	8	10	3	5	4	4
Inventories
9	8	8	11	9	11	10	11	11	14	15	17	16	16	9
Prepaid expenses
1	1	1	1	1	1	0	0	0	0	0	0	0	1	1
Due from related parties
34	34	32	32	32	19	18	10	13	14	8	12	-	9	11
Vessels held for sale
-	-	-	-	-	6	-	-	-	-	-	-	-	-	-
Other current assets
5	5	5	6	3	4	8	11	14	6	5	5	6	8	7
Total current assets
142	125	127	135	175	127	121	103	103	126	118	98	78	93	266
NON-CURRENT ASSETS
Fixed assets at cost, net of accumulated depreciation of $816,947 (2017: $763,190)
2,743	2,795	2,851	2,906	3,384	3,446	3,559	3,624	3,730	3,842	3,906	3,986	4,192	3,241	2,273
Advances for vessels under construction
-	-	-	-	-	-	-	-	-	-	-	-	-	524	904
Deferred charges, net
15	8	9	8	8	4	47	55	61	67	77	88	94	99	24
Investments in affiliates
6	5	5	5	15	11	-	-	-	-	-	-	-	-	-
Restricted cash, net of current portion
-	-	-	-	-	-	-	-	55	-	16	0	0	-	-
Other non-current assets
58	49	29	71	74	72	70	68	27	29	40	37	33	28	19
Total non-current assets
2,824	2,860	2,895	2,991	3,482	3,534	3,677	3,748	3,875	3,939	4,040	4,113	4,321	3,894	3,222
Total assets
2,966	2,986	3,023	3,127	3,658	3,662	3,798	3,851	3,978	4,066	4,159	4,212	4,400	3,988	3,489
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable
16	11	13	11	11	12	11	12	13	13	12	13	19	15	14
Accrued liabilities
18	15	15	15	14	14	19	24	29	30	33	32	39	36	70
Current portion of long-term debt, net
134	2,329	2,408	2,504	272	269	230	178	150	146	145	125	70	41	21
Current portion of vendor financing
-	-	-	-	-	-	35	46	57	57	57	57	39	10	-
Due to related parties
-	-	-	-	-	-	-	-	-	-	-	-	28	-	-
Unearned revenue
19	22	24	27	11	9	14	13	7	7	6	5	8	6	9
Other current liabilities
0	0	1	7	3	5	22	52	90	114	121	130	113	120	129
Total current liabilities
189	2,379	2,463	2,566	313	312	333	328	349	369	376	365	319	231	246
LONG-TERM LIABILITIES
Long-term debt, net
2,152	-	-	-	2,376	2,470	2,644	2,773	2,886	2,965	3,031	3,097	3,171	2,960	2,543
Vendor financing, net of current portion
-	-	-	-	-	-	-	17	35	64	93	121	150	54	-
Unearned revenue, net of current portion
49	56	62	70	21	24	27	30	-	-	-	-	-	-	1
Other long-term liabilities
1	1	2	2	14	13	13	13	34	68	124	187	265	299	304
Total long-term liabilities
2,203	57	65	73	2,411	2,508	2,685	2,834	2,955	3,098	3,248	3,406	3,587	3,313	2,850
Total liabilities
2,392	2,437	2,529	2,639	2,725	2,820	3,018	3,163	3,304	3,468	3,625	3,771	3,906	3,545	3,096
Commitments and Contingencies
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
STOCKHOLDERS' EQUITY
Preferred stock (par value $0.01, 100,000,000 preferred shares authorized and not issued as of June 30, 2018 and December 31, 2017)
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock (par value $0.01, 750,000,000 common shares authorized as of June 30, 2018 and December 31, 2017. 109,799,352 issued and outstanding as of June 30, 2018 and December 31, 2017)
1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Additional paid-in capital
546	546	546	546	546	546	546	546	546	546	546	546	545	545	489
Treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Accumulated other comprehensive loss
-109	-114	-123	-91	-100	-103	-116	-139	-182	-232	-292	-353	-422	-456	-436
Retained earnings
135	114	69	30	485	397	348	280	309	283	279	246	369	351	338
Total stockholders' equity
573	548	494	487	932	841	780	688	673	598	534	440	494	442	392
Total liabilities and stockholders' equity
2,966	2,986	3,023	3,127	3,658	3,662	3,798	3,851	3,978	4,066	4,159	4,212	4,400	3,988	3,489