Overseas shipholding group inc (OSG)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Shipping Revenues:
Pool revenues, including $6,166, $10,374, $30,282 and $36,510 from companies accounted for by the equity method

-

-

-

-

-

-

177,068

241,314

245,028

355,915

398,321

-

Pool revenues, including $21,478 and $23,461 received from companies accounted for by the equity method

-

-

-

-

-

-

-

-

-

-

-

906,291

Time and bareboat charter revenues

263,683

213,923

266,193

372,149

385,206

347,823

370,689

299,267

267,159

276,636

325,590

366,629

Voyage charter revenues

91,864

152,240

-

-

-

-

-

-

-

-

-

-

Voyage charter revenues

-

-

124,233

90,271

-

-

-

-

-

-

-

-

Voyage charter revenues

-

-

-

-

81,666

92,594

468,239

583,253

537,344

413,059

369,707

431,777

Sunoco termination fee

-

-

-

-

-

-

-

13,300

0

0

-

-

Total Shipping revenues

355,547

366,163

390,426

462,420

466,872

440,417

1,015,996

1,137,134

1,049,531

1,045,610

1,093,618

1,704,697

Operating Expenses:
Voyage expenses

20,414

39,456

29,390

16,260

17,814

26,044

252,668

296,288

259,330

192,332

140,997

-

Voyage expenses

-

-

-

-

-

-

-

-

-

-

-

159,312

Vessel expenses

134,618

134,956

136,148

140,954

138,179

135,079

265,146

285,023

287,610

265,251

283,952

314,553

Charter hire expenses

90,359

91,350

-

-

-

-

-

-

-

-

-

-

Charter hire expenses

-

-

91,587

91,947

91,875

91,061

206,873

370,405

383,940

369,667

396,232

429,808

Depreciation and amortization

52,499

50,512

58,673

89,563

76,851

67,547

176,276

201,284

179,721

170,670

172,404

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

189,163

General and administrative

23,399

26,880

27,464

41,060

61,540

52,454

97,663

88,845

83,178

100,424

121,112

144,063

Bad debt expense

4,300

-

-

-

-

-

-

-

-

-

-

-

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

-106

877

-

-

-

-

-

-

-

-

-

-

Technical management transition costs

-

-

-

-

-

-

-

0

-

-

-

-

Severance costs

-

-

16

12,996

0

2,161

3,097

3,163

-

-

-

-

Goodwill and other intangibles impairment charge

-

-

-

-

-

-

16,214

0

0

-

-

-

Severance costs

-

-

-

-

-

-

-

-

0

-

-

-

Severance and relocation costs

-

-

-

-

-

-

-

-

-

0

2,317

-

Severance and relocation costs

-

-

-

-

-

-

-

-

-

-

-

0

Shipyard contract termination recoveries

-

-

-

-

-

-

-

-

-

2,061

-26,960

0

(Gain)/loss on disposal of vessels and other property, including impairments

-

-

-13,200

-104,532

-207

578

-365,257

-271,359

2,060

-28,622

-

-

(Gain)/loss on disposal of vessels

-

-

-

-

-

-

-

-

-

-

-127,486

-

Total operating expenses

-

-

356,478

497,312

386,466

373,768

1,383,194

1,516,367

1,191,719

1,124,905

1,016,488

-

Goodwill impairment charge

-

-

-

-

-

-

-

-

-

-

-

62,874

Loss on disposal of vessels, including impairments in 2010

-

-

-

-

-

-

-

-

-

-

-

59,738

Total operating expenses

325,695

342,277

-

-

-

-

-

-

-

-

-

1,359,511

Operating income

29,852

23,886

33,948

-34,892

80,406

66,649

-367,198

-379,233

-142,188

-79,295

77,130

345,186

Equity in income of affiliated companies

3,552

3,538

3,747

3,642

3,783

3,483

40,894

33,486

20,555

3,593

773

12,292

Operating income

33,404

27,424

37,695

-31,250

84,189

70,132

-326,304

-345,747

-121,633

-75,702

77,903

-

Other income, net

1,440

-759

-1,753

-2,681

-26,239

469

849

-1,314

-

-

-

-

Operating Loss

33,404

27,424

37,695

-31,250

84,189

-

-

-

-

-

77,903

-

Operating (Loss)/Income

-

-

-

-

-

-

-

-

-

-

-

357,478

Other income/(loss)

-

-

-

-

-

-

-

-

2,154

1,047

1,672

-28,847

Income/(loss) before interest expense and income taxes

-

-

35,942

-33,931

57,950

70,601

-325,455

-347,061

-119,479

-74,655

-

-

Loss before Interest Expense and Income Taxes

-

-

-

-

-

-

-

-

-

-

79,575

-

Income before interest expense and income taxes

34,844

26,665

-

-

-

-

-

-

-

-

-

328,631

Interest expense

25,633

30,890

37,401

43,151

70,365

176,234

350

93,421

79,898

67,044

45,125

57,449

Income before income taxes

9,211

-4,225

-1,459

-77,082

-12,415

-105,633

-652,975

-440,482

-199,377

-141,699

34,450

-

Income before reorganization items and income taxes

-

-

-

-

-

-

-325,805

-

-

-

-

-

Income before reorganization items and income taxes

-

-

-

-

-

-

-

-

-199,377

-141,699

-

-

Reorganization items, net

-

-

190

-10,925

8,052

153,125

327,170

41,113

0

0

-

-

Loss from continuing operations before income taxes

-

-

-1,649

-66,157

-20,467

-258,758

-

-481,595

-

-

-

-

Loss before Income Taxes

-

-

-

-

-

-

-

-

-

-

-

271,182

Income tax expense

536

-17,714

-57,627

-65,098

-101,032

-115,552

-14,745

-1,481

1,986

-19,157

-36,697

-34,004

Net income/(loss) from continuing operations

-

-

55,978

-1,059

80,565

-143,206

-

-

-

-

-

-

Loss from discontinued operations

-

-

0

-292,555

203,395

-9,067

-

-

-

-

-

-

Net (Loss)/Income

-

-

-

-

-

-

-

-

-

-

71,147

305,186

Less: Net Income Attributable to the Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

977

-12,479

Net income

8,675

13,489

55,978

-293,614

283,960

-152,273

-638,230

-480,114

-201,363

-122,542

70,170

317,665

Weighted Average Number of Common Shares Outstanding:
Basic - Class A

89,251

88,394

-

-

-

-

-

-

30,228

29,498

26,863

29,648

Diluted - Class A

89,658

89,045

-

-

-

-

-

-

30,228

29,498

26,869

29,814

Basic and Diluted - Class B

-

-

-

-

-

-

-

30,339

-

-

-

-

Per Share Amounts:
Basic net income

-

-

-

-

-

-

-

-

-6.67

-4.15

2.61

10.71

Diluted net income

-

-

-

-

-

-

-

-

-6.67

-4.15

2.61

10.65

Basic and diluted net income - Class A

0.10

0.15

-

-

-

-

-

-

-

-

-

-

Net change in unrealized gains on cash flow hedges

-

-

907

10,311

6,927

-

-

-

-

-

-

-

Net change in unrecognized prior service costs

-

-

157

60

211

-

-

-

-

-

-

-

Net change in unrecognized actuarial losses

-

-

948

-3,295

3,203

-

-

-

-

-

-

-

Other comprehensive income

-

-

1,698

6,956

9,919

-

-

-

-

-

-

-

Comprehensive income/(loss)

-

-

57,676

-286,658

293,879

-

-

-

-

-

-

-

Cash dividends declared

-

-

-

-

-

-

-

-

1.53

1.75

1.75

1.50

Common Class A [Member]
Net income/(loss) from continuing operations

-

-

55,957

-1,002

-

-

-

-

-

-

-

-

Loss from discontinued operations

-

-

0

-295,001

-

-

-

-

-

-

-

-

Weighted average common shares outstanding, basic

-

-

87,834

90,949

-

-

-

-

-

-

-

-

Weighted average common shares outstanding, diluted

-

-

88,082

90,949

-

-

-

-

-

-

-

-

Basic and Diluted net income/(loss) per share, continuing operations

-

-

0.64

-0.01

-

-

-

-

-

-

-

-

Basic and Diluted net income/(loss) per share, discontinued operations

-

-

0.00

-3.24

-

-

-

-

-

-

-

-

Basic and diluted net income/(loss)

-

-

0.64

-3.25

-

-

-

-

-

-

-

-

Common Class B [Member]
Net income/(loss) from continuing operations

-

-

0

-57

-

-

-

-

-

-

-

-

Loss from discontinued operations

-

-

0

2,426

-

-

-

-

-

-

-

-

Weighted average common shares outstanding, basic

-

-

0

533

-

-

-

-

-

-

-

-

Weighted average common shares outstanding, diluted

-

-

0

533

-

-

-

-

-

-

-

-

Basic and Diluted net income/(loss) per share, continuing operations

-

-

0.00

-0.11

-

-

-

-

-

-

-

-

Basic and Diluted net income/(loss) per share, discontinued operations

-

-

0.00

4.54

-

-

-

-

-

-

-

-

Basic and diluted net income/(loss)

-

-

0.00

4.43

-

-

-

-

-

-

-

-

Common Class B and Common Stock [Member]
Weighted average common shares outstanding, basic

-

-

0

533

-

-

-

-

-

-

-

-

Weighted average common shares outstanding, diluted

-

-

0

533

-

-

-

-

-

-

-

-