International seaways, inc. (INSW)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Dec'15
ASSETS
Current Assets:
Cash and cash equivalents

93

89

68

91

79

58

91

115

53

60

73

121

101

92

110

308

Voyage receivables, net of allowance for credit losses of $1,299 and $1,245, including unbilled of $97,948 and $74,355

104

83

75

74

95

94

73

62

50

58

58

62

67

66

50

74

Other receivables

6

3

4

5

3

5

5

10

2

4

4

3

3

5

2

4

Receivable from OSG

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Inventories

3

3

3

4

4

3

3

4

3

3

1

1

1

1

1

3

Prepaid expenses and other current assets

8

5

5

6

9

5

5

8

9

5

6

8

10

5

6

5

Current portion of derivative asset

-

-

-

0

0

0

0

1

-

0

-

-

-

-

-

-

Total Current Assets

215

187

156

182

192

167

180

203

120

131

144

198

184

170

170

396

Restricted cash

17

60

55

58

57

59

32

27

37

10

-

-

-

-

-

8

Vessels and other property, less accumulated depreciation of $378,747 and $364,868

1,297

1,292

1,284

1,291

1,320

1,330

1,354

1,405

1,019

1,104

1,161

1,089

1,085

1,100

1,142

1,240

Vessel held for sale

-

-

-

6

-

-

17

-

17

5

-

-

-

-

-

-

Deferred drydock expenditures, net

26

23

19

23

19

16

18

21

26

30

35

39

33

30

30

37

Operating lease right-of-use assets

28

33

36

33

30

-

-

-

-

-

-

-

-

-

-

-

Total Vessels, Deferred Drydock and Other Property

-

-

-

-

1,339

-

1,390

1,427

1,063

1,140

1,197

1,129

1,119

1,130

1,173

1,277

Investments in and advances to affiliated companies

151

153

271

265

267

268

275

275

384

378

380

372

376

358

363

344

Long-term derivative asset

-

-

-

0

0

0

3

7

-

0

-

-

-

-

-

-

Other assets

3

2

3

2

2

5

4

5

7

1

1

1

2

2

1

1

Total Assets

1,740

1,753

1,828

1,865

1,891

1,848

1,886

1,946

1,612

1,664

1,724

1,701

1,683

1,662

1,709

2,029

LIABILITIES AND EQUITY/(DEFICIT)
Current Liabilities:
Accounts payable, accrued expenses and other current liabilities

32

27

29

34

33

23

25

32

24

22

24

29

37

38

28

30

Current portion of operating lease liabilities

10

12

13

11

8

-

-

-

-

-

-

-

-

-

-

-

Payable to OSG

-

-

-

-

-

-

0

0

0

0

0

-

0

0

-

11

Payable associated with acquisition of assets

-

-

-

-

-

-

20

20

-

-

-

-

-

-

-

-

Due to Former Parent for cost sharing reimbursements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

-

Current installments of long-term debt

81

70

51

57

57

51

57

48

20

24

13

22

22

6

6

6

Current portion of derivative liability

7

3

3

1

1

0

0

-

-

-

-

-

-

-

-

-

Total Current Liabilities

132

114

97

105

100

75

104

102

45

47

38

52

60

45

44

48

Long-term operating lease liabilities

15

17

20

19

19

-

-

-

-

-

-

-

-

-

-

-

Reserve for uncertain tax positions

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

Long-term debt

543

590

716

736

747

759

770

789

500

528

511

452

417

433

433

588

Long-term derivative liability

18

6

9

6

2

1

-

-

-

-

-

-

-

-

-

-

Other liabilities

1

1

1

2

2

2

3

3

2

2

5

4

4

4

7

8

Total Liabilities

711

731

846

869

873

838

878

895

548

578

555

510

482

483

484

646

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

Equity:
Capital - 100,000,000 no par value shares authorized; 28,823,465 and 29,274,452 shares issued and outstanding

1,301

1,313

1,311

1,310

1,309

1,309

1,308

1,307

1,306

1,306

1,305

1,307

1,306

1,306

29

29

Paid-in additional capital

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,275

1,325

Accumulated deficit

-237

-270

-286

-275

-258

-269

-276

-228

-209

-180

-89

-68

-56

-74

-16

92

Stockholders Equity Subtotal

1,064

1,042

1,025

1,035

1,051

1,039

1,031

1,078

1,097

1,126

1,215

1,239

1,250

1,231

1,288

1,447

Accumulated other comprehensive loss

-34

-20

-43

-40

-33

-29

-23

-28

-33

-40

-46

-48

-49

-52

-63

-64

Total Equity

1,029

1,022

982

995

1,017

1,009

1,008

1,050

1,063

1,085

1,169

1,191

1,201

1,179

1,224

1,383

Total Liabilities and Equity

1,740

1,753

1,828

1,865

1,891

1,848

1,886

1,946

1,612

1,664

1,724

1,701

1,683

1,662

1,709

2,029

Parent Company [Member]
Cash and cash equivalents

-

-

-

-

-

-

-

-

-

1

-

-

-

-

-

-

Other receivables

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Total Current Assets

-

-

-

-

-

-

-

-

-

2

-

-

-

-

-

-

Investment in subsidiaries

-

-

-

-

-

-

-

-

-

978

-

-

-

-

-

-

Investments in and advances to affiliated companies

-

-

-

-

-

-

-

-

-

102

-

-

-

-

-

-

Intercompany receivables

-

-

-

-

-

-

-

-

-

3

-

-

-

-

-

-

Total Assets

-

-

-

-

-

-

-

-

-

1,086

-

-

-

-

-

-

Accounts payable, accrued expenses and other current liabilities

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Payable to OSG

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Total Current Liabilities

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Intercompany payables

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Total Liabilities

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Capital - 100,000,000 no par value shares authorized; 29,184,501 and 29,089,865 shares issued and outstanding

-

-

-

-

-

-

-

-

-

1,306

-

-

-

-

-

-

Accumulated deficit

-

-

-

-

-

-

-

-

-

-180

-

-

-

-

-

-

Stockholders Equity Subtotal

-

-

-

-

-

-

-

-

-

1,126

-

-

-

-

-

-

Accumulated other comprehensive loss

-

-

-

-

-

-

-

-

-

-40

-

-

-

-

-

-

Total Equity

-

-

-

-

-

-

-

-

-

1,085

-

-

-

-

-

-

Total Liabilities and Equity

-

-

-

-

-

-

-

-

-

1,086

-

-

-

-

-

-