Dryships inc. (DRYS)
Balance Sheet / Quarterly
Jun'18Dec'17Jun'17Dec'16Jun'16Dec'15Jun'15Dec'14Jun'14Dec'13Jun'13Dec'12Jun'12Dec'11Jun'11Dec'10Dec'09
ASSETS
CURRENT ASSETS:
Cash and cash equivalents (Note 3)

124

14

104

76

0

0

11

566

458

595

226

341

366

251

367

391

693

Restricted cash (Notes 2, 3)

0

0

0

0

6

15

29

92

93

94

153

223

67

72

112

578

350

Trade accounts receivable, net of allowance for doubtful receivables of $96 and $220 at December 31, 2017 and June 30, 2018, respectively (Note 16)

15

14

10

7

6

10

45

404

351

321

234

174

147

139

84

25

66

Due from related parties (Note 4)

20

16

20

6

14

20

39

29

42

39

41

40

36

26

28

20

27

Vessels held for sale (Note 7)

16

0

-

-

97

216

-

0

-

-

-

-

-

-

-

-

-

Above-market acquired time charter contracts (Note 7)

-

-

0

1

-

0

-

-

-

-

-

-

-

-

-

-

-

Financial instruments (Note 11)

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Prepayments and advances

1

1

1

1

1

2

-

-

-

-

-

-

-

-

-

-

-

Vessels held for sale (Note 7)

-

-

-

-

-

-

530

-

-

-

-

-

-

-

-

-

-

Financial instruments (Note 12)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

1

0

Vessel held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20

-

-

Other current assets (Note 5)

10

12

9

4

6

5

18

122

217

133

138

122

160

80

96

47

41

Total current assets

188

60

145

98

132

269

675

1,215

1,163

1,184

794

903

776

570

711

1,065

1,180

FIXED ASSETS, NET:
Advances for vessels under construction and related costs (Note 6)

0

31

60

0

-

-

0

623

577

679

1,098

1,201

972

1,027

1,889

2,072

1,182

Vessels, net (Note 7)

887

749

516

95

94

96

1,416

2,141

2,242

2,249

2,310

2,059

2,063

1,956

1,863

1,917

2,058

Drilling units, machinery and equipment, net (Note 7)

-

-

-

-

-

-

0

6,259

6,419

5,828

4,422

4,446

4,527

4,587

-

1,249

-

Drilling rigs, net (Note 6)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,969

-

1,329

Total fixed assets, net

887

780

577

95

94

96

1,416

9,025

9,239

8,756

7,831

7,708

7,563

7,572

6,721

5,239

4,570

OTHER NON-CURRENT ASSETS:
Investment in affiliate (Notes 10, 12)

34

34

-

0

0

91

-

0

-

-

-

-

-

-

-

-

-

Restricted cash (Notes 2, 3)

15

15

15

0

-

0

-

-

75

50

131

155

301

332

328

195

0

Goodwill (Note 2c and 8)

-

-

-

-

7

7

-

0

-

-

-

-

-

-

-

-

-

Investment in affiliate (Note 9)

-

-

-

-

-

-

523

-

-

-

-

-

-

-

-

-

-

Financial instruments (Note 12)

-

-

-

-

0

0

0

11

10

14

20

0

0

0

-

-

-

Above-market acquired time charter contracts (Note 8)

-

-

-

-

3

11

-

1

5

-

6

7

8

9

9

10

12

Above-market acquired time charter

-

-

-

-

-

-

-

-

3

-

14

19

31

40

0

1

-

Above-market acquired time charter (Note 9)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

Other non-current assets (Note 9)

0

44

1

0

0

0

0

106

124

118

104

83

112

97

95

472

41

Total other non-current assets

49

93

16

0

10

110

523

118

218

183

277

266

-

479

-

-

-

Total other non-current assets

-

-

-

-

-

-

-

-

-

-

-

-

454

-

434

679

55

Total assets

1,125

934

740

193

237

476

2,615

10,359

10,621

10,123

8,904

8,878

8,794

8,621

7,867

6,984

5,806

LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt, net of deferred finance costs (Note 11)

36

11

3

16

213

217

-

1,165

-

-

-

-

-

-

-

-

-

Liabilities held for sale (Note 7)

-

-

-

-

0

104

-

0

-

-

-

-

-

-

-

-

-

Current portion of long-term debt, net of deferred finance costs (Note 10)

-

-

-

-

-

-

1,001

-

1,578

1,660

1,053

1,102

499

429

429

731

1,698

Accounts payable and other current liabilities

2

5

3

1

1

2

14

92

164

102

89

130

62

58

52

14

24

Accrued liabilities (Note 4)

4

4

4

3

7

4

13

185

214

232

180

177

139

119

89

67

80

Due to related parties (Note 4)

0

0

2

5

11

21

49

12

0

0

0

4

8

7

0

0

-

Due to an affiliate company (Note 4)

-

-

-

-

-

-

78

-

-

-

-

-

-

-

-

-

-

Deferred revenue (Note 16)

0

0

2

0

0

0

1

123

168

128

89

73

93

40

91

49

19

Financial instruments (Note 12)

-

-

-

-

0

2

8

30

41

47

61

85

101

100

-

-

-

Financial instruments (Note 12)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63

72

72

Total current liabilities

44

22

16

27

234

354

1,167

1,609

2,167

2,171

1,473

1,573

904

756

727

935

1,896

NON-CURRENT LIABILITIES
Long-term debt, net of deferred finance costs (Note 11)

396

133

33

0

-

-

-

4,352

-

-

-

-

-

-

-

-

-

Due to related parties (Notes 4, 11)

0

71

194

116

-

0

-

-

-

-

-

-

-

-

-

-

-

Below-market acquired time charter and drilling contracts (Note 9)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

Below- market acquired time charter (Note 9)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

Long-term debt, net of current portion and deferred finance costs (Note 10)

-

-

-

-

-

-

0

-

4,376

3,907

3,382

3,284

3,694

3,812

3,158

1,988

985

Financial instruments (Note 12)

-

-

-

-

-

-

0

10

17

26

36

63

75

102

144

159

104

Deferred revenue

-

-

-

-

-

-

0

81

140

152

100

71

59

9

-

-

-

Pension liability

-

-

-

-

-

-

-

-

-

-

0

-

-

2

-

-

-

Other non-current liabilities

-

-

-

-

-

-

0

15

15

34

28

17

3

0

1

0

0

Total non-current liabilities

396

205

228

116

-

0

0

4,459

4,549

4,120

3,548

3,436

3,834

3,926

3,303

2,149

1,098

COMMITMENTS AND CONTINGENCIES (Note 15)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

STOCKHOLDERS' EQUITY:
Preferred stock (Notes 1, 13)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.01 par value; 1,000,000,000 shares authorized at December 31, 2017 and June 30, 2018; 104,274,708 and 98,708,916 shares issued and outstanding at December 31, 2017 and June 30, 2018, respectively (Notes 1, 13)

1

1

0

0

0

0

7

0

4

4

4

4

4

4

3

3

2

Treasury stock; 0 and 5,565,792 shares at December 31, 2017 and June 30, 2018, respectively (Notes 1, 13)

23

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

Additional paid-in capital (Note 13)

4,068

4,066

3,836

3,360

3,223

3,225

3,198

3,255

2,916

2,824

2,795

2,837

2,831

2,908

3,081

2,955

2,681

Accumulated other comprehensive income (Note 16)

-

-

-

-

0

0

0

-6

-5

-6

-6

-9

-19

-28

-33

-38

-33

Accumulated deficit

-3,362

-3,360

-3,341

-3,310

-3,219

-3,103

-1,756

-256

-249

-209

-120

13

195

260

243

335

160

Total DryShips Inc. stockholders' equity

-

-

-

-

3

-

1,448

2,992

2,665

2,613

2,672

2,846

3,010

3,145

3,295

3,255

2,812

Non-controlling interests

-

-

-

-

-

-

0

1,297

1,238

1,218

1,209

1,021

1,044

793

540

643

0

Total equity

683

707

495

49

-

121

1,448

4,290

3,903

3,831

3,881

3,868

4,055

3,938

3,836

3,899

2,812

Total liabilities and stockholders' equity

1,125

934

740

193

237

476

2,615

10,359

10,621

10,123

8,904

8,878

8,794

8,621

7,867

6,984

5,806