Overseas shipholding group inc (OSG)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash Flows from Operating Activities:
Net income

25,125

10,979

-3,762

-1,739

3,197

-5,176

11,948

3,055

3,662

53,644

-6,307

3,212

5,429

-275,475

-98,739

29,861

50,739

9,267

173,354

58,438

42,901

26,530

10,614

-201,967

12,550

-447,281

960

-24,147

-167,762

-364,773

-25,786

-52,695

-36,860

-57,444

-72,053

-37,308

-34,558

-43,578

-31,754

-37,857

-9,353

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-340,152

-45,884

34,044

59,437

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income/(loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

64,677

-52,855

-4,183

-8,698

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Items included in net income not affecting cash flows:
Depreciation and amortization

14,019

13,577

13,361

13,083

12,478

12,885

12,829

12,426

12,372

12,573

14,389

15,086

16,625

20,862

22,905

22,672

23,124

-36,880

38,743

37,869

37,119

-45,846

38,063

37,385

37,945

45,965

44,168

42,872

43,271

50,852

50,819

50,351

49,262

47,264

47,429

42,720

42,308

-

-

-

-

Gain on termination of pre-existing arrangement

19,172

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred payment obligations on charters-in

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,269

1,408

1,392

1,377

1,408

1,407

1,393

1,392

1,407

1,367

1,341

1,284

-

-

-

-

Reorganization items, non-cash

-

-

-

-

-

-

-

-

-

-

-

-129

214

-194

5,065

191

136

-275

-587

757

55

-33,109

-8,958

50,210

14,259

62,700

2,429

18,879

177,213

34,676

0

0

0

-

-

-

-

-

-

-

-

(Gain)/loss on sublease contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

205

347

344

3,690

-4,585

0

0

-

-

-

-

-

-

-

-

Other - net

-

-

-

-

-

-

-465

-465

-645

-946

-855

-865

-616

-536

-556

-689

-487

-549

-873

-467

-82

-87

-568

-810

-567

-597

-495

59

-1,252

-1,147

-1,827

-2,815

-1,344

-379

-1,305

-1,280

-1,096

-

-

-

-

Items included in net income related to investing and financing activities:
Loss on repurchases and extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,415

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale or write-down of securities and investments - net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2

103

-303

-3

-813

-3,368

1,018

197

-384

69

431

-

-

-

-

Deferred payment obligations on charters-in

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,172

Other - net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-659

(Gain)/loss on sale of securities and other investments - net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-458

Loss on disposal of vessels and other property, including impairments, net

-296

-

-

-

-117

-

-

-

-

-

-

-

-

-

-

-

-

-4,465

3,185

0

1,073

-3,656

2,753

4

1,477

39

-63

1,228

-22

7,964

-332

285

106

1,706

-233

1,455

-868

2,712

-1,722

-119

1,351

Loss on disposal of vessels and other property, including impairments, net

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Vessel impairment charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

25,176

3,607

Amortization of deferred gain on sale and leasebacks

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-42

-

714

1,172

3,363

4,751

7,078

8,416

9,580

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41,926

Amortization of deferred gain on sale and leasebacks

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,613

Amortization of debt discount and other deferred financing costs

533

488

454

513

510

952

1,018

993

1,106

1,196

1,318

1,319

1,334

1,368

1,447

1,504

1,686

-2,855

2,890

2,618

2,501

275

1,689

0

0

-

-

-

-

411

859

857

1,071

1,215

576

1,003

782

1,064

747

1,611

659

Compensation relating to restricted stock awards and stock option grants

438

450

449

454

309

1,473

815

704

793

-138

827

1,158

541

3,673

1,964

1,024

780

1,069

1,530

624

357

-90

127

-25

542

440

443

768

-1,782

1,843

2,025

1,935

2,107

2,554

2,420

2,644

2,451

3,262

2,959

2,979

2,740

Deferred income tax benefit

2,135

860

-804

-1,158

111

3,534

-23,385

-435

1,492

-60,470

-698

943

1,178

-61,770

-51,290

14,420

31,246

13,587

-85,420

9,891

-7,622

-6,291

-31,238

-53,364

8,461

16,695

-12,864

-1,525

-9,704

-8,768

-9,642

-7,766

-3,575

3,152

-30,192

-1,541

-1,055

-12,470

-2,036

-1,490

-1,118

Interest on finance lease liabilities

506

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash operating lease expense

22,811

-

-

-

22,176

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other - net

-

-

-

-

231

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt, net

-

-

-

-

-

-

0

0

-981

-

-810

-252

-937

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gains on forward freight agreements and bunker swaps

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-86

2,162

-3,942

2,022

426

-1,078

-463

688

108

164

19

54

Distributed earnings of affiliated companies

-3,562

-

-

-

-3,548

-

-

-

-

-

-

-

-

-

-

-

-

-29,098

10,441

9,983

9,073

-26,055

11,314

9,637

4,996

8,866

9,668

10,573

6,719

9,761

9,796

5,146

-1,932

8,277

-1,403

-350

1,104

7,603

-163

-7,037

-7,791

Distributions from INSW

-

-

-

-

-

-

-

-

-

-

-

-

-

0

100,000

30,000

72,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributed earnings of affiliated companies

-

-

-

-

-

-

0

0

3,747

-

0

-1

3,657

-

0

0

3,789

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for drydocking

3,327

801

2,094

8,041

1,342

3,273

5,522

2,070

2,037

3,557

1,528

2,575

730

1,537

719

1,061

3,527

3,054

12,875

17,518

7,876

-3,645

13,673

9,974

5,738

4,914

8,093

5,183

3,834

13,006

9,199

12,956

10,829

19,116

17,048

8,333

2,863

5,937

5,021

7,112

1,945

SEC payment, bankruptcy and IRS claim payments

-

-

-

-

-

-

-

-

-

0

0

0

5,000

0

0

0

7,136

427

4,480

352

3,084

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Operating lease liabilities

-22,969

-

-

-

-22,407

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities, net

2,162

-

-

-

-7,809

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,136

-

-

-

-

-

-

-

-

Bankruptcy claim payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

786,651

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities, net

-

-

-

-

-

-

-5,027

-4,392

1,789

-

4,752

9,207

11,066

-

-828

-2,761

-4,588

-

28,488

3,417

-12,127

-

-169,622

-31,122

18,055

-

15,752

-10,867

-34,096

-

-

-

-

-

-

-3,446

-11,945

-

-23,703

-1,748

47,472

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-17

2

-4,996

54,108

4,323

-95,766

-5,167

-78,618

131,703

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,945

Net cash provided by operating activities

26,119

27,697

25,946

8,687

11,119

1,558

3,195

19,530

20,972

-

12,182

10,923

13,735

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-30,725

-3,875

10,455

-63,053

22,726

26,825

-14,212

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

111,936

33,847

68,017

115,060

64,798

71,914

73,207

66,414

331,139

-807,651

20,972

44,058

39,470

3,382

31,613

67,431

-70,157

17,662

10,125

9,471

-

-

-

-

-

-

-

-

Cash Flows from Investing Activities:
Acquisition, net of cash acquired

16,973

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expenditures for vessels and vessel improvements

-

-

-

-

-

-

10,116

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26

196

47

59

13,406

-

-

-

-

Disposal of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

50,000

Proceeds from sale of marketable securities and investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

115

106

59

179

251

21

12,619

109

343

2,053

135

960

-

-

-

-

Proceeds from sales of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

190

Expenditures for vessels and vessel improvements

20,871

-

-

-

10,910

-

-

-

-

-

-

-

-

-

-

0

58

-

-

-

-

-21,110

16,347

6,211

9,510

8,608

13,692

1,874

12,203

9,213

4,915

9,133

29,343

24,422

54,293

45,142

63,653

-

-

-

-

Expenditures for other property

232

3,060

761

50

588

262

102

22

0

-

-

-

-

83

318

118

147

22

-16

4

65

144

129

162

54

427

313

1,163

278

319

850

1,166

527

1,035

1,642

3,739

320

688

806

594

568

Expenditures for vessels

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-112,054

Proceeds from disposal of vessels and other property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,197

0

7,757

-

8,487

0

7,594

0

0

13

472

12,886

0

0

0

7,051

0

3,840

8,737

-

-

-

-

Net cash used in investing activities

-38,076

-26,671

-70,076

-21,665

-11,498

-9,586

-10,218

-22

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-46,387

-45,693

-67,079

-141,059

-20,442

-123,989

-154,171

Contributions to INSW

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,353

1,006

500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

92,251

Investments in and advances to affiliated companies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of advances from affiliated companies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,000

4,500

12,500

-

30,197

0

0

-

-

-

-

-

-

-

-

-

-

1,860

556

-

-

-

-

Shipyard contract termination payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

839

Other net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-186

-462

-54

-131

-47

1,077

-2,090

81

-430

1,108

-769

-472

9,563

-9,958

-3,090

-47

-36

-259

54

-1,351

Net cash provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,094

-243

-120

4,791

-95,208

13,906

98,816

24,859

42,232

-109,033

-6,319

-1,839

-7,630

-14,122

-875

-11,911

10,643

-6,852

3,115

-29,315

-

-

-

-

-

-

-

-

Cash Flows from Financing Activities:
Payments on debt

7,865

-

-

-

4,167

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

162

0

0

0

42

16

6

2

283

90

3

3

824

437

0

0

1,281

Repurchases of common stock and common stock warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42,955

32,262

44,126

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax withholding on share-based awards

197

0

0

0

294

210

0

0

359

95

0

2

1,060

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on debt

-

-

-

-

-

-

0

0

-28,166

0

0

0

0

-1,678

-8,788

8,788

-52,667

3,205

-2,978

-3,079

-3,178

795,750

-2,129,061

0

-5,307

-545

-5,412

-572

-6,202

0

-13,475

0

-50,515

-

-

-

-

-

-

-

-

Extinguishment and repurchases of debt

-

-

-

-

-

380,123

0

0

47,000

45,055

19,107

4,783

15,225

17,322

50,235

28,788

23,879

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

111

158,155

Payments on debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,902

-

52,076

39,556

407,947

Cash dividends paid

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,336

30,574

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,704

13,403

13,384

13,384

13,493

13,311

13,271

11,809

Issuance of debt, net of issuance and deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

343,000

0

229,000

-2,355

65,981

20,226

84,541

131,335

61,000

160,956

289,789

Issuance of debt, net of issuance and deferred financing costs

80,886

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on principal portion of finance lease liabilities

1,037

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by/(used in) financing activities

71,787

-9,007

40,152

-9,187

-4,461

-35,532

0

0

-75,525

-

-19,107

-4,785

-16,285

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29,183

-3,837

60,656

107,108

-4,116

109,254

34,088

Issuance of common stock upon exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8

-3

-22

103

95

163

155

225

147

144

389

374

Other - net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

-

-

-

0

-

127

625

-1,138

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-19,000

-101,978

-53,598

-151,246

-225,387

-104,070

-3,079

-3,178

-284,787

568,124

-8,425

-5,469

-545

-5,412

-572

-6,244

-24

329,516

-39

178,320

-

-

-

-

-

-

-

-

Net increase/(decrease) in cash, cash equivalents and restricted cash

59,830

-

-

-

-4,840

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash, cash equivalents and restricted cash

-

-

-

-

-

-

-7,023

19,508

-54,553

-

-6,925

6,127

-2,550

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-68,374

14,299

-31,395

-255,797

-18,250

168,944

88,095

88,584

-348,560

6,228

36,750

31,295

-16,152

30,166

49,276

-59,538

340,326

13,201

158,476

-101,470

-47,929

-53,405

4,032

-97,004

-1,832

12,090

-134,295

Cash flows provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-19,380

8,384

52,406

70,358

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-637

-625

27,522

-1,058

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

-176,545

-40,403

-138,738

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-20,018

-168,786

39,525

-69,438

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-