Golden ocean group ltd (GOGL)
Balance Sheet / TTM
Jun'18Dec'17Jun'17Dec'16Jun'16Dec'15Dec'14Jun'14Dec'13Jun'13Dec'12Dec'11Dec'10
ASSETS
Current assets
Cash and cash equivalents

249,970

309,029

122,699

212,942

210,773

102,617

42,221

18,130

98,250

58,003

79,259

46,848

56,771

Restricted cash

15,535

8,110

4,361

315

15,779

351

0

-

-

-

-

-

-

Marketable securities

15,449

16,300

9,172

6,524

3,604

14,615

0

-

-

-

-

-

-

Trade accounts receivable, net

18,874

23,363

14,389

14,755

8,802

9,631

2,770

6,468

3,298

1,111

2,102

7,721

2,008

Other current assets

29,983

25,437

18,166

10,987

13,305

14,992

3,430

-

-

-

-

-

-

Related party receivables

6,104

1,990

3,470

1,927

2,099

8,451

449

-

0

-

-

-

69

Derivative instruments receivable

11,811

3,748

1,086

1,594

826

1,641

0

-

-

-

-

-

-

Other receivables

-

-

-

-

-

-

-

931

943

699

2,691

3,674

1,189

Inventories

33,518

20,142

26,017

17,953

21,925

15,156

13,243

7,138

1,729

2,278

1,181

3,791

1,492

Prepaid expenses and accrued income

10,430

8,587

6,896

6,524

6,834

5,687

844

886

521

496

616

3,413

1,399

Voyages in progress

3,155

9,062

9,027

3,998

5,218

1,690

1,322

824

0

648

-

931

0

Favorable charter party contracts

18,732

18,732

19,741

22,413

26,946

28,829

0

-

-

-

-

-

-

Total current assets

413,561

444,500

235,024

299,932

316,111

203,660

64,279

34,377

104,741

63,235

85,849

66,378

77,928

Restricted cash

56,156

54,845

64,168

53,797

54,129

48,521

18,923

15,000

15,000

15,000

15,000

15,000

15,000

Vessels and equipment, net

2,452,707

2,215,003

2,243,448

1,758,939

1,764,813

1,488,205

852,665

527,898

262,747

268,332

273,826

436,273

459,032

Vessels under capital leases, net

1,617

2,061

2,512

2,956

6,880

8,354

0

-

-

-

-

-

-

Newbuildings

0

105,727

126,506

180,562

193,784

338,614

323,340

99,047

26,706

15,343

0

-

-

Vessels held for sale

14,357

0

-

-

-

-

-

-

-

0

21,523

0

-

Favorable charter party contracts

25,664

34,954

44,397

53,686

63,659

74,547

0

-

-

-

-

-

-

Deferred charges

-

-

-

-

-

-

3,533

3,946

664

900

1,222

2,110

2,629

Investments in associated companies

1,470

2,287

5,211

4,224

3,794

6,225

0

-

-

-

-

-

-

Other long term assets

11,994

10,681

8,806

7,527

6,317

4,744

0

-

-

-

-

1,458

2,364

Total assets

2,977,526

2,870,058

2,730,072

2,361,623

2,409,487

2,172,870

1,262,740

680,268

409,858

362,810

397,420

521,219

541,953

LIABILITIES AND EQUITY
Current liabilities
Current portion of long-term debt

231,462

109,671

-

0

0

20,380

19,812

2,604

0

0

4,700

3,600

3,600

Current portion of obligations under capital leases

5,438

5,239

5,043

4,858

14,601

15,749

0

-

-

-

-

-

-

Derivative instruments payable

913

2,293

4,539

1,990

20,602

5,400

0

-

-

-

-

-

-

Related party payables

39

2,730

906

1,387

1,596

4,101

2,555

-

0

-

-

319

0

Trade accounts payables

11,123

5,401

6,056

2,882

6,495

2,533

4,937

1,773

1,430

1,984

1,277

2,056

3,867

Accrued expenses

30,565

24,304

20,563

17,867

14,354

17,878

4,190

7,981

2,364

1,497

2,501

4,514

3,514

Other current liabilities

30,427

32,089

19,835

14,617

19,510

13,993

3,285

-

-

-

-

-

1,331

Deferred charter revenue

-

-

-

-

-

-

-

2,500

3,623

2,523

3,020

658

-

Total current liabilities

309,967

181,727

56,942

43,601

77,158

80,034

34,779

14,858

7,417

6,004

11,498

11,147

12,312

Long-term liabilities
Long-term debt

1,152,146

1,134,788

1,287,498

1,058,418

1,052,815

908,116

343,688

122,396

95,000

95,000

106,978

150,140

153,740

Long-term related party debt

0

44,000

-

0

-

-

-

-

-

-

-

-

-

Obligations under capital leases

4,687

7,435

10,125

12,673

15,168

17,531

0

-

-

-

-

-

-

Other long term liabilities

7,723

8,059

8,136

8,212

8,385

8,540

0

-

-

-

-

-

-

Deferred charter revenue

-

-

-

-

-

-

-

-

-

250

1,250

0

-

Total liabilities

1,474,523

1,376,009

1,362,701

1,122,904

1,153,526

1,014,221

378,467

137,254

102,417

101,254

119,726

161,287

166,052

Commitments and contingencies

0

0

0

0

0

0

0

0

0

0

0

0

0

Equity
Share capital (2018: 144,247,697 shares. 2017: 142,197,697 shares. All shares are issued and outstanding at par value $0.05)

7,214

7,111

6,477

5,299

5,297

1,727

801

491

305

245

244

244

244

Additional paid in capital

472,430

454,694

356,530

201,864

201,784

0

772,863

417,079

183,535

132,115

131,766

131,256

131,026

Contributed capital surplus

1,349,974

1,378,824

1,378,824

1,378,824

1,378,809

1,378,766

111,614

125,444

131,520

141,134

149,700

179,019

179,019

Accumulated other comprehensive income

0

5,323

4,935

2,287

-633

0

-

-

-

-

-

-

-

Accumulated deficit

-326,615

-351,903

-379,395

-349,555

-329,296

-221,844

-1,005

0

-7,919

-11,938

-4,016

49,413

65,612

Total equity

1,503,003

1,494,049

1,367,371

1,238,719

1,255,961

1,158,649

884,273

543,014

307,441

261,556

277,694

359,932

375,901

Total liabilities and equity

2,977,526

2,870,058

2,730,072

2,361,623

2,409,487

2,172,870

1,262,740

680,268

409,858

362,810

397,420

521,219

541,953