SHIP FINANCE INTERNATIONAL LTD SFL Balance Sheet

Ship finance international ltd (SFL)

Balance Sheet / Yearly

Jun'18	Dec'17	Jun'17	Dec'16	Jun'16	Dec'15	Jun'15	Dec'14	Jun'14	Dec'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Dec'11	Dec'10	Dec'09
ASSETS
Current assets
Cash and cash equivalents
144	153	248	62	82	70	61	50	49	58	41	64	60	66	100	94	86	84
Restricted cash
-	-	9	-	-	-	-	-	-	-	-	-	-	-	-	-	5	4
Available for sale securities
113	93	110	118	119	199	48	73	61	76	66	56	55	40	39	23	0	-
Due from related parties
6	9	16	17	18	45	62	152	30	13	1	1	54	41	30	9	32	35
Trade accounts receivable
2	12	6	3	5	2	2	3	6	8	8	9	7	5	6	0	1	1
Other receivables
12	9	12	11	9	10	11	10	28	79	5	5	3	3	1	2	4	1
Inventories
6	5	5	5	5	5	6	6	5	6	3	3	2	3	4	1	0	0
Prepaid expenses and accrued income
2	2	4	3	2	5	4	5	3	3	1	1	0	1	1	0	0	0
Investment in direct financing leases, current portion
40	32	33	32	31	37	38	37	44	45	52	55	56	58	59	60	103	139
Assets held for sale
76	0	0	24	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Total derivative instruments - short-term assets
0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Total current assets
406	317	447	278	274	375	235	340	230	292	179	197	242	221	244	192	235	266
Vessels and equipment
-	-	-	-	-	-	-	-	-	-	1,267	1,266	-	1,164	1,164	1,062	811	638
Accumulated depreciation on vessels and equipment
-	-	-	-	-	-	-	-	-	-	240	226	-	204	190	165	116	82
Vessels and equipment, net
2,072	1,762	1,691	1,737	1,789	1,641	1,314	1,377	1,185	1,089	1,026	1,040	1,041	960	973	896	695	556
Newbuildings
-	-	45	33	21	40	43	87	146	126	105	59	69	73	61	123	90	71
Investment in direct financing leases, long-term portion
621	585	612	523	442	474	541	709	838	858	1,055	1,058	1,086	1,116	1,135	1,159	1,351	1,653
Investment in associated companies
18	10	0	0	0	84	220	53	40	40	29	243	232	219	203	169	164	501
Loans to related parties - associated companies, long-term
293	314	314	330	336	387	300	346	478	530	573	189	221	-	-	274	-	-
Long-term receivables from related parties
4	0	8	9	9	0	78	79	45	48	-	-	0	-	-	-	-	-
Deferred charges
-	-	-	-	-	-	33	36	37	41	47	49	23	22	24	25	14	7
Financial instruments (long-term): at fair value
16	8	4	6	0	0	3	3	7	16	12	0	3	1	-	0	1	0
Other long-term assets
-	-	-	18	-	27	-	8	-	1	1	1	1	1	1	3	2	2
Loans to related parties - associated companies, long-term
-	-	-	-	-	-	-	-	-	-	-	-	-	235	248	-	325	0
Other long-term assets
30	12	14	-	27	-	10	-	1	-	50	50	50	50	50	50	0	-
Total assets
3,464	3,012	3,138	2,937	2,904	3,032	2,783	3,041	3,012	3,045	3,081	2,889	2,973	2,902	2,944	2,896	2,882	3,059
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Short-term debt and current portion of long-term debt
734	313	487	174	96	208	202	182	396	389	275	130	157	220	209	150	162	292
Due to related parties
4	0	3	0	1	0	0	1	1	13	12	11	9	7	6	4	32	58
Trade accounts payable
0	0	1	1	1	0	1	2	1	3	0	1	1	0	0	0	0	0
Total derivative instruments - short-term liabilities
39	0	39	39	-	0	0	0	2	5	3	-	0	-	-	-	-	-
Accrued expenses
12	13	13	13	11	12	13	18	13	13	13	11	12	14	8	9	6	9
Dividend payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11
Other current liabilities
17	14	16	8	2	17	5	9	11	5	5	1	16	5	8	9	6	6
Total current liabilities
809	343	561	238	112	238	223	213	427	432	310	156	197	248	234	174	208	378
Long-term liabilities
Long-term debt, net of current portion
1,181	1,190	1,183	1,377	1,520	1,426	1,258	1,550	1,333	1,346	1,474	1,565	1,673	1,630	1,689	1,760	1,760	1,843
Financial instruments (long-term): at fair value
1	48	55	61	129	113	87	106	59	56	67	85	85	91	89	79	57	58
Other long-term liabilities
229	234	239	124	7	11	13	17	16	18	19	20	21	22	23	24	27	30
Total liabilities
2,222	1,817	2,040	1,803	1,769	1,790	1,583	1,888	1,836	1,854	1,872	1,827	1,978	1,992	2,036	2,039	2,053	2,310
Commitments and contingent liabilities
0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	-
Stockholders' equity
Share capital ($0.01 par value; 150,000,000 shares authorized; 119,373,064 shares issued and outstanding at June 30, 2018 and 110,930,873 at December 31, 2017)
1	1	1	1	93	93	93	93	93	93	93	85	85	79	79	79	79	79
Additional paid-in capital
469	403	282	282	286	285	285	285	284	285	285	165	144	61	60	61	60	59
Contributed surplus
680	680	680	680	588	588	588	586	583	581	567	565	561	555	553	548	532	506
Accumulated other comprehensive income (loss)
17	-94	-89	-84	-107	-1	-26	-48	-38	-34	-45	-71	-79	-82	-72	-62	-43	-48
Accumulated other comprehensive loss associated companies
0	0	-0	-0	-3	-2	-2	-2	-3	-2	-1	-3	-5	-7	-13	-24	-44	-33
Retained earnings
71	203	223	255	278	277	260	239	256	268	309	320	288	303	300	254	246	186
Total stockholders' equity
1,241	1,194	1,098	1,134	1,135	1,241	1,199	1,153	1,176	1,191	1,209	1,061	994	909	907	857	828	749
Total liabilities and stockholders' equity
3,464	3,012	3,138	2,937	2,904	3,032	2,783	3,041	3,012	3,045	3,081	2,889	2,973	2,902	2,944	2,896	2,882	3,059