OVERSEAS SHIPHOLDING GROUP INC OSG Income Statement

Overseas shipholding group inc (OSG)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Shipping Revenues:
Pool revenues, including $6,166, $10,374, $30,282 and $36,510 from companies accounted for by the equity method
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	97,797	90,591	78,769	-	44,979	28,410	45,067	37,576	34,985	48,252	56,255	50,676	48,254	69,858	72,526	47,926	50,263	69,622	77,217	-	81,497	111,008	-	-	-
Pool revenues, including $21,478 and $23,461 received from companies accounted for by the equity method
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	108,584	78,352	105,439
Time and bareboat charter revenues
78,150	75,065	63,491	62,007	63,120	54,452	51,033	54,543	53,895	57,399	56,911	72,116	79,767	85,539	90,507	97,413	98,690	56,390	111,120	109,754	107,942	60,353	95,733	96,609	95,128	99,917	95,355	91,616	83,801	82,121	79,304	69,857	67,985	72,198	70,310	64,195	60,456	71,553	71,707	67,830	65,546	79,289	83,974
Voyage charter revenues
22,709	-	17,435	-	24,617	-	29,503	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Voyage charter revenues
-	-	-	26,452	-	-	-	40,824	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Voyage charter revenues
-	-	-	-	-	-	-	-	47,135	-	36,359	24,109	28,349	-	23,673	20,971	16,390	-43,142	32,835	45,142	46,831	-241,986	65,571	116,758	152,251	135,609	137,002	88,246	107,382	123,100	156,647	151,639	151,867	137,622	135,806	137,921	125,995	105,646	106,724	105,065	95,624	85,935	93,243
Sunoco termination fee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,300	-	-	-	0	-	-	-	-	-	-	-	-
Total Shipping revenues
100,859	98,425	80,926	88,459	87,737	89,230	80,536	95,367	101,030	92,815	93,270	96,225	108,116	114,776	114,180	118,384	115,080	-253,909	241,752	245,487	233,542	-300,089	206,283	241,777	292,446	273,102	267,342	228,114	247,438	255,897	297,505	291,354	292,378	257,746	256,379	271,738	263,668	232,025	259,928	283,903	269,754	243,576	282,656
Operating Expenses:
Voyage expenses
3,786	4,653	4,424	6,353	4,984	9,321	8,481	9,402	12,252	10,061	8,388	5,149	5,792	5,219	4,531	3,643	2,867	-12,534	8,164	10,284	11,900	-152,024	30,046	70,129	77,893	79,219	79,708	41,948	51,793	66,487	70,099	81,353	78,349	67,622	70,195	64,407	57,106	-	51,370	52,241	-	-	-
Voyage expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39,893	36,278	34,271
Vessel expenses
35,769	35,659	33,993	32,520	32,446	33,930	33,865	33,656	33,505	34,711	33,194	32,599	35,644	33,601	36,839	34,610	35,904	-69,787	70,448	68,279	69,239	-66,384	68,066	66,726	66,671	68,909	65,559	64,311	66,367	73,014	72,386	68,920	70,703	73,990	75,665	68,546	69,409	69,506	64,009	67,662	64,074	66,673	69,948
Charter hire expenses
22,460	-	22,802	-	22,298	-	23,079	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charter hire expenses
-	-	-	22,581	-	-	-	22,768	22,547	23,101	23,053	22,856	22,577	23,138	23,083	22,884	22,842	-3,143	31,993	31,127	31,898	-29,054	34,650	39,983	45,482	44,767	46,682	49,964	65,460	82,268	95,302	97,064	95,771	94,064	95,394	99,132	95,350	99,354	91,068	88,631	90,614	93,505	104,595
Depreciation and amortization
14,019	13,613	13,324	13,084	12,478	12,886	12,828	12,426	12,372	12,572	14,390	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	-	42,195	43,212	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41,926	40,977	44,890
General and administrative
6,173	6,480	5,288	5,957	5,674	7,111	6,410	6,576	6,783	6,846	6,333	6,190	8,095	6,322	10,241	11,540	12,957	3,411	21,376	17,471	19,282	-10,575	19,119	19,485	24,425	28,491	23,117	26,329	19,726	22,606	22,015	23,088	21,136	16,441	19,835	22,434	24,468	24,031	25,085	24,479	26,829	28,313	29,107
Loss on disposal of vessels and other property, including impairments, net
-296	-	-	-	-117	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bad debt expense
-	-	-	4,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of vessels and other property, including impairments, net
-	-	36	-66	-	-	-	0	0	-	7,353	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Technical management transition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	40	-	854	1,638	194	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Severance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,238	-	-	-5	0	0	5	-16,199	3,713	7,964	6,683	-	277	3,486	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Severance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-422	-	480	1,302	905	-	-	-	-	-	-	-	-	-	-
Financial advisory costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Severance and relocation costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-
Severance and relocation costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	148
Shipyard contract termination recoveries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,434	0	396	231	5,141	3,670
(Gain)/loss on disposal of vessels and other property, including impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-97,782	-	-	-4,465	3,185	0	1,073	-3,656	2,753	4	1,477	-366,400	-63	1,228	-22	-271,418	-332	285	106	-	-233	1,455	-	-	-	-	-	-	-
(Gain)/loss on disposal of vessels
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	868	-	1,722	25,295	-	-	-
Total operating expenses
-	-	-	84,729	-	-	-	84,828	87,459	93,154	92,711	81,880	88,733	106,650	197,619	95,349	97,694	-114,513	167,539	165,030	168,410	-319,112	191,758	243,306	257,816	649,721	259,574	227,682	246,217	567,121	311,433	321,793	316,020	297,675	308,751	295,784	289,509	-	275,449	301,124	-	-	-
Loss on disposal of vessels, including impairments in 2010
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,256	-830	2,568
Total operating expenses
82,503	-	79,867	-	77,997	-	84,663	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	265,361	259,775	281,857
Income from vessel operations
18,356	-	-	-	9,740	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on termination of pre-existing arrangement
19,172	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
37,528	15,323	1,059	3,730	9,740	-	-4,127	10,539	-	-	-	-	-	-	-	-	-	-139,396	74,213	80,457	65,132	19,023	14,525	-1,529	34,630	-376,619	7,768	432	1,221	-311,224	-13,928	-30,439	-23,642	-39,929	-52,372	-24,046	-25,841	-50,946	-15,521	-17,221	4,393	-16,199	799
Equity in income of affiliated companies
-	-	156	68	-	-	-	-10	-	-	-	-	-	-	-	-	-	-31,437	10,978	11,830	12,412	-25,961	11,313	9,637	8,494	10,364	9,667	10,573	10,290	11,308	9,869	5,401	6,908	8,779	2,204	3,930	5,642	9,101	-165	-3,045	-2,298	2,480	1,116
Operating income
-	-	1,215	3,798	-	7,451	-4,127	10,529	13,571	3,408	559	14,345	19,383	11,768	-83,439	23,035	17,386	-170,833	85,191	92,287	77,544	-6,938	25,838	8,108	43,124	-366,255	17,435	11,005	11,511	-299,916	-4,059	-25,038	-16,734	-31,150	-50,168	-20,116	-20,199	-	-15,686	-20,266	-	-	-
Other income, net
31	448	375	262	355	-1,031	518	385	-631	-325	-548	-87	-793	-585	-2,832	-422	1,158	-24,397	-1,963	48	73	91	99	145	134	-	180	483	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Loss
-	-	1,215	3,798	-	7,451	-4,127	10,529	13,571	3,408	559	14,345	19,383	-	-83,439	23,035	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-50,168	-20,116	-20,199	-	-15,686	-20,266	-	-	-
Operating (Loss)/Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,095	-13,719	1,915
Other income/(loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-199	-	1,692	-6,484	3,412	1,071	-1,463	722	1,824	553	155	485	-146	873	-1,824
Income/(loss) before interest expense and income taxes
-	-	1,590	4,060	-	-	-3,609	10,914	12,940	3,083	11	14,258	18,590	11,183	-86,271	22,613	18,544	-195,230	83,228	92,335	77,617	-6,847	25,937	8,253	43,258	-365,870	17,615	11,488	11,312	-299,850	-2,367	-31,522	-13,322	-	-	-	-	-	-	-	-	-	-
Loss before Interest Expense and Income Taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-51,631	-19,394	-18,375	-	-15,531	-19,781	-	-	-
Income before interest expense and income taxes
37,559	-	-	-	10,095	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,949	-12,846	91
Interest expense
6,074	6,509	6,047	6,571	6,506	7,489	7,828	7,497	8,076	9,125	9,474	9,445	9,357	9,765	10,607	10,862	11,917	-16,326	29,191	28,931	28,569	-27,511	29,111	174,511	123	28	3	31	288	25,013	23,314	22,084	23,010	21,928	21,097	19,134	17,739	17,819	17,739	19,192	12,294	10,933	10,903
Income before income taxes
31,485	-	-	-2,511	3,589	-	-	3,417	4,864	-5,844	-9,417	4,804	8,998	-9,899	-102,610	10,890	24,537	-173,980	54,037	61,967	45,561	185,799	-52,930	-252,381	13,879	-456,239	2,907	-26,046	-173,597	-324,863	-25,681	-53,606	-36,332	-52,007	-72,728	-38,528	-36,114	-	-33,270	-38,973	-	-	-
Income before reorganization items and income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	63,404	49,048	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income/(loss) before reorganization items and income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,174	-166,258	43,135	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss before income taxes
-	-	-4,457	-	-	-	-11,437	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,612	11,457	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before reorganization items and income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,024	-	-25,681	-53,606	-36,332	-	-	-	-	-	-	-	-	-	-
Reorganization items, net
-	-	-	-	-	-	-	-	-	-8	-46	9	235	392	5,732	861	-17,910	1,708	1,420	1,437	3,487	-12,010	49,756	86,123	29,256	90,341	14,705	37,503	184,621	41,113	0	0	0	-	-	-	-	-	-	-	-	-	-
Loss from continuing operations before income taxes
-	-	-	-	-	-	-	-	-	-6,232	-9,463	4,813	9,233	12,343	-96,878	11,751	6,627	-	52,617	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss before Income Taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,345	-23,779	-10,812
Income tax expense
6,360	1,611	-694	-773	392	4,107	-23,385	362	1,202	-59,679	-3,110	1,593	3,569	-63,653	-49,755	15,075	33,235	13,516	-120,737	3,529	2,660	-2,923	-63,544	-50,414	1,329	-8,958	1,947	-1,899	-5,835	-1,203	105	-911	528	14,968	-10,206	-1,220	-1,556	-15,533	-1,516	-1,116	-992	-1,850	-2,991
Net income/(loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	64,679	-52,855	-4,185	-8,698	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-340,153	-45,884	34,045	59,437	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (Loss)/Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-21,929	-7,821
Less: Net Income Attributable to the Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,305	973
Net income
25,125	10,979	-3,763	-1,738	3,197	-5,176	11,948	3,055	3,662	53,645	-6,307	3,211	5,429	-275,474	-98,739	29,860	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	-66,975	-62,522	-37,308	-34,558	-43,578	-31,754	-37,857	-9,353	-19,624	-8,794
Weighted Average Number of Common Shares Outstanding:
Basic - Class A
89,422	89,380	89,375	89,245	89,004	88,570	88,535	88,367	88,105	-	87,822	87,769	87,908	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,493	30,448	-	30,375	30,314	30,282	30,242	30,232	30,227	30,210	29,943	30,146	30,142	27,760	26,864	26,861,081
Diluted - Class A
90,388	90,593	89,375	89,245	89,421	89,134	89,229	89,198	88,620	-	87,822	87,964	88,179	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,493	30,448	-	30,375	30,314	30,282	30,242	30,232	30,227	30,210	29,943	30,146	30,142	27,760	26,864	26,861,081
Basic and Diluted - Class B
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,546	30,516	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Per Share Amounts:
Basic net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.79	-5.51	-	-0.85	-1.74	-1.22	-2.21	-2.07	-1.24	-1.15	-1.49	-1.06	-1.26	-0.34	-0.73	-0.33
Diluted net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.79	-5.51	-	-0.85	-1.74	-1.22	-2.21	-2.07	-1.24	-1.15	-1.49	-1.06	-1.26	-0.34	-0.73	-0.33
Basic and diluted net income - Class A
0.28	0.12	-0.04	-0.02	0.04	-0.05	0.13	0.03	0.04	-	-0.07	0.04	0.06	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends declared
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.00	0.22	0.88	0.43	-0.00	0.44	0.88	0.43	0.44	0.88