Overseas shipholding group inc (OSG)
Income statement / TTM
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'10Sep'09Jun'09
Shipping Revenues:
Pool revenues, including $6,166, $10,374, $30,282 and $36,510 from companies accounted for by the equity method

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

156,032

146,038

165,880

177,068

190,168

203,437

225,043

241,314

238,564

240,573

240,337

245,028

278,599

339,344

0

-

0

0

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Time and bareboat charter revenues

278,713

263,683

243,070

230,612

223,148

213,923

216,870

222,748

240,321

266,193

294,333

327,929

353,226

372,149

343,000

363,613

375,954

385,206

389,169

373,782

360,637

347,823

387,387

387,009

382,016

370,689

352,893

336,842

315,083

299,267

289,344

280,350

274,688

267,159

266,514

267,911

271,546

276,636

284,372

296,639

0

0

0

Voyage charter revenues

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Voyage charter revenues

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Voyage charter revenues

-

-

-

-

-

-

-

-

0

-

118,054

105,368

102,230

-

17,892

27,054

51,225

81,666

-117,178

-84,442

-12,826

92,594

470,189

541,620

513,108

468,239

455,730

475,375

538,768

583,253

597,775

576,934

563,216

537,344

505,368

476,286

443,430

413,059

393,348

379,867

0

0

0

Sunoco termination fee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

Total Shipping revenues

368,669

355,547

346,352

345,962

352,870

366,163

369,748

382,482

383,340

390,426

412,387

433,297

455,456

462,420

93,735

221,307

348,410

466,872

420,692

385,223

381,513

440,417

1,013,608

1,074,667

1,061,004

1,015,996

998,791

1,028,954

1,092,194

1,137,134

1,138,983

1,097,857

1,078,241

1,049,531

1,023,810

1,027,359

1,039,524

1,045,610

1,057,161

1,079,889

0

0

0

Operating Expenses:
Voyage expenses

19,216

20,414

25,082

29,139

32,188

39,456

40,196

40,103

35,850

29,390

24,548

20,691

19,185

16,260

-1,493

2,140

8,781

17,814

-121,676

-99,794

-39,949

26,044

257,287

306,949

278,768

252,668

239,936

230,327

269,732

296,288

297,423

297,519

280,573

259,330

243,078

225,124

0

-

0

0

-

-

-

Voyage expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Vessel expenses

137,941

134,618

132,889

132,761

133,897

134,956

135,737

135,066

134,009

136,148

135,038

138,683

140,694

140,954

37,566

71,175

104,844

138,179

141,582

139,200

137,647

135,079

270,372

267,865

265,450

265,146

269,251

276,078

280,687

285,023

285,999

289,278

288,904

287,610

283,126

271,470

270,586

265,251

262,418

268,357

0

0

0

Charter hire expenses

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Charter hire expenses

-

-

-

90,914

-

-

-

91,469

91,557

91,587

91,624

91,654

91,682

91,947

65,666

74,576

82,819

91,875

65,964

68,621

77,477

91,061

164,882

176,914

186,895

206,873

244,374

292,994

340,094

370,405

382,201

382,293

384,361

383,940

389,230

384,904

374,403

369,667

363,818

377,345

0

0

0

Depreciation and amortization

54,040

52,499

51,772

51,276

50,618

50,512

50,198

51,760

54,420

58,673

66,963

75,478

83,064

89,563

31,821

47,659

62,856

76,851

67,885

67,205

66,721

67,547

159,358

165,463

170,950

176,276

181,163

187,814

195,293

201,284

197,696

194,306

186,675

179,721

174,652

170,435

0

-

0

0

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

General and administrative

23,898

23,399

24,030

25,152

25,771

26,880

26,615

26,538

26,152

27,464

26,940

30,848

36,198

41,060

38,149

49,284

55,215

61,540

47,554

45,297

47,311

52,454

91,520

95,518

102,362

97,663

91,778

90,676

87,435

88,845

82,680

80,500

79,846

83,178

90,768

96,018

98,063

100,424

104,706

108,728

0

0

0

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt expense

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

0

0

-

-

-

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Technical management transition costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Severance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

-16,194

-12,481

-4,517

2,161

18,637

18,410

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Severance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

Financial advisory costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Severance and relocation costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

Severance and relocation costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Shipyard contract termination recoveries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,061

5,768

9,438

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-207

602

170

174

578

-362,166

-364,982

-363,758

-365,257

-270,275

-270,544

-271,487

-271,359

-174

1,613

0

-

0

0

-

-

-

-

-

-

-

(Gain)/loss on disposal of vessels

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

-

-

-

Total operating expenses

-

-

-

332,716

-

-

-

358,152

355,204

356,478

369,974

474,882

488,351

497,312

276,149

246,069

315,750

386,466

181,867

206,086

284,362

373,768

1,342,601

1,410,417

1,394,793

1,383,194

1,300,594

1,352,453

1,446,564

1,516,367

1,246,921

1,244,239

1,218,230

1,191,719

1,169,493

1,161,866

0

-

0

0

-

-

-

Loss on disposal of vessels, including impairments in 2010

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Total operating expenses

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Income from vessel operations

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on termination of pre-existing arrangement

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income

57,640

29,852

10,402

19,882

0

-

0

0

-

-

-

-

-

-

-

-

-

80,406

238,825

179,137

97,151

66,649

-328,993

-335,750

-333,789

-367,198

-301,803

-323,499

-354,370

-379,233

-107,938

-146,382

-139,989

-142,188

-153,205

-116,354

-109,529

-79,295

-44,548

-28,228

0

0

0

Equity in income of affiliated companies

-

-

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

3,783

9,259

9,594

7,401

3,483

39,808

38,162

39,098

40,894

41,838

42,040

36,868

33,486

30,957

23,292

21,821

20,555

20,877

18,508

11,533

3,593

-3,028

-1,747

0

0

0

Operating income

-

-

22,204

16,862

-

27,424

23,381

28,067

31,883

37,695

46,055

-37,943

-29,253

-31,250

-213,851

-45,221

24,031

84,189

248,084

188,731

104,552

70,132

-289,185

-297,588

-294,691

-326,304

-259,965

-281,459

-317,502

-345,747

-76,981

-123,090

-118,168

-121,633

-106,169

-76,267

0

-

0

0

-

-

-

Other income, net

1,116

1,440

-39

104

227

-759

-53

-1,119

-1,591

-1,753

-2,013

-4,297

-4,632

-2,681

-26,493

-25,624

-25,154

-26,239

-1,751

311

408

469

558

942

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Loss

-

-

22,204

16,862

-

27,424

23,381

28,067

31,883

37,695

-49,152

-26,676

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

-

-

-

Operating (Loss)/Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Other income/(loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-309

-3,464

3,742

2,154

1,636

3,254

3,017

1,047

1,367

-612

0

0

0

Income/(loss) before interest expense and income taxes

-

-

22,165

16,966

-

-

23,328

26,948

30,292

35,942

44,042

-42,240

-33,885

-33,931

-240,344

-70,845

-1,123

57,950

246,333

189,042

104,960

70,601

-288,422

-296,744

-293,509

-325,455

-259,435

-279,417

-322,427

-347,061

0

0

0

-

-

-

-

-

-

-

-

-

-

Loss before Interest Expense and Income Taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

-

-

-

Income before interest expense and income taxes

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Interest expense

25,201

25,633

26,613

28,394

29,320

30,890

32,526

34,172

36,120

37,401

38,041

39,174

40,591

43,151

17,060

35,644

53,713

70,365

59,180

59,100

204,680

176,234

203,773

174,665

185

350

25,335

48,646

70,699

93,421

90,336

88,119

85,169

79,898

75,789

72,431

72,489

67,044

60,158

53,322

0

0

0

Income before income taxes

0

-

-

-11,428

0

-

-

-6,980

-5,593

-1,459

-5,514

-98,707

-92,621

-77,082

-241,163

-84,516

-33,439

-12,415

347,364

240,397

-73,951

-105,633

-747,671

-691,834

-465,499

-652,975

-521,599

-550,187

-577,747

-440,482

-167,626

-214,673

-199,595

-199,377

-180,640

-146,885

0

-

0

0

-

-

-

Income before reorganization items and income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income/(loss) before reorganization items and income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before income taxes

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before reorganization items and income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

Reorganization items, net

-

-

-

-

-

-

-

-

-

190

590

6,368

7,220

-10,925

-9,609

-13,921

-13,345

8,052

-5,666

42,670

127,356

153,125

255,476

220,425

171,805

327,170

277,942

263,237

225,734

41,113

0

0

0

-

-

-

-

-

-

-

-

-

-

Loss from continuing operations before income taxes

-

-

-

-

-

-

-

-

-

-1,649

16,926

-70,489

-63,551

-66,157

-25,883

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before Income Taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Income tax expense

6,504

536

3,032

-19,659

-18,524

-17,714

-81,500

-61,225

-59,994

-57,627

-61,601

-108,246

-94,764

-65,098

12,071

-58,911

-70,457

-101,032

-117,471

-60,278

-114,221

-115,552

-121,587

-56,096

-7,581

-14,745

-6,990

-8,832

-7,844

-1,481

14,690

4,379

4,070

1,986

-28,515

-19,825

-19,721

-19,157

-5,474

-6,949

0

0

0

Net income/(loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,059

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-292,555

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (Loss)/Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Less: Net Income Attributable to the Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net income

30,603

8,675

-7,480

8,231

13,024

13,489

72,310

54,055

54,211

55,978

-273,141

-365,573

-338,924

-293,614

-8,873

263,220

291,798

283,960

301,223

138,483

-121,922

-152,273

-626,084

-635,738

-457,918

-638,230

-555,722

-582,468

-611,016

-480,114

-182,316

-219,052

-203,665

-201,363

-177,966

-147,198

-147,747

-122,542

-98,588

-75,628

0

0

0

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