Tsakos energy navigation ltd (TNP)
Balance Sheet / Yearly
Jun'18Dec'17Jun'17Dec'16Jun'16Dec'15Jun'15Dec'14Jun'14Dec'13Jun'13Dec'12Jun'12Dec'11Dec'10
ASSETS
CURRENT ASSETS:
Cash and cash equivalents

272

189

250

187

253

289

278

202

229

162

141

144

212

175

276

Restricted cash

9

12

7

9

8

15

9

12

8

9

5

16

5

5

6

Marketable Securities (Note 4)

-

-

-

-

-

-

-

-

-

-

1

1

2

2

0

Accounts receivable, net

23

27

23

38

36

45

62

42

28

21

25

28

19

23

24

Capitalized voyage expenses

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance claims

-

-

-

-

-

-

-

-

0

2

4

4

4

2

5

Due from related companies (Note 2)

16

14

11

6

7

4

3

1

3

1

0

1

1

1

2

Advances and other

27

19

27

24

15

14

15

10

14

13

11

8

7

7

4

Vessels held for sale (Note 3)

0

17

68

68

68

67

40

0

-

-

-

-

-

-

-

Vessels held for sale

-

-

-

-

-

-

-

-

-

-

-

-

42

41

26

Inventories

17

16

15

18

15

14

19

15

19

19

17

14

15

19

14

Prepaid insurance and other

2

1

1

1

2

1

1

2

2

2

3

3

3

5

2

Current portion of financial instruments- Fair value (Note 11)

7

5

1

2

0

0

0

2

0

0

0

0

0

1

3

Total current assets

378

304

406

358

408

452

430

289

305

232

212

224

315

287

367

INVESTMENTS

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

FINANCIAL INSTRUMENTS - FAIR VALUE, net of current portion (Note 11)

1

1

0

5

0

0

0

0

0

1

0

0

-

0

0

LONG TERM RECEIVABLE (Note 3)

13

13

-

0

-

-

-

-

-

-

-

-

-

-

-

FIXED ASSETS (Note 3)
Advances for vessels under construction

12

1

51

216

406

371

263

188

106

58

41

119

38

37

81

Vessels

3,954

3,953

3,865

3,479

2,969

2,748

2,792

2,834

-

2,710

-

-

-

-

-

Vessels

-

-

-

-

-

-

-

-

2,772

-

2,832

2,628

2,640

2,639

2,638

Accumulated depreciation

993

925

865

801

745

695

681

635

584

537

585

539

492

445

403

Vessels' Net Book Value

-

-

-

-

-

-

-

-

2,187

-

2,246

2,088

2,147

2,194

2,235

Vessels' Net Book Value

2,961

3,028

3,000

2,677

2,224

2,053

2,110

2,199

2,294

2,173

2,288

2,207

2,186

2,231

2,316

Total fixed assets

2,973

3,030

3,051

2,893

2,630

2,424

2,374

2,388

-

2,231

-

-

-

-

-

DEFERRED CHARGES, net (Note 4)

30

23

23

19

16

15

19

20

16

17

18

17

17

14

16

Total assets

3,397

3,373

3,483

3,277

3,057

2,893

2,826

2,699

2,618

2,483

2,521

2,450

2,520

2,535

2,702

LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt (Note 5)

257

225

270

288

309

318

-

228

-

-

-

-

-

-

-

Current portion of long-term debt (Note 5)

-

-

-

-

-

-

300

-

126

126

159

186

222

196

133

Payables

44

46

54

52

39

33

36

33

33

52

47

34

25

23

23

Due to related companies (Note 2)

10

7

7

5

3

1

4

10

5

6

8

2

2

1

0

Dividends payable

4

0

4

-

6

-

5

5

4

0

2

-

-

-

-

Accrued liabilities

54

43

41

34

29

29

33

25

18

16

16

12

13

14

10

Accrued bank interest

-

-

-

-

-

-

-

-

5

6

8

4

6

7

6

Unearned revenue

13

13

14

8

6

12

5

9

5

14

10

4

3

7

9

Current portion of financial instruments - Fair value (Note 11)

0

1

2

3

4

5

10

15

5

5

9

13

21

29

32

Total current liabilities

384

338

394

393

400

400

395

327

203

228

262

258

293

279

217

LONG-TERM DEBT, net of current portion (Note 5)

1,414

1,525

1,555

1,465

1,237

1,074

-

1,189

-

-

-

-

-

-

-

LONG-TERM DEBT, net of current portion (Note 5)

-

-

-

-

-

-

1,103

-

1,235

1,253

1,279

1,255

1,252

1,318

1,428

FINANCIAL INSTRUMENTS - FAIR VALUE, net of current portion (Note 11)

1

0

1

1

6

3

3

4

4

4

6

9

13

17

36

STOCKHOLDERS' EQUITY (Note 7):
Preferred shares, $1.00 par value; 25,000,000 shares authorized & 2,000,000 Series B Preferred Shares, 2,000,000 Series C Preferred Shares, 3,424,803 Series D Preferred Shares, 4,600,000 Series E Preferred Shares & 5,400,000 Series F Preferred Shares issued & outstanding at June 30, 2018 & 25,000,000 shares authorized & 2,000,000 Series B Preferred Shares, 2,000,000 Series C Preferred Shares, 3,424,803 Series D Preferred Shares, 4,600,000 Series E Preferred Shares issued & outstanding at December 31, 2017

17

12

12

7

7

7

7

4

4

4

2

0

-

-

-

Common shares, $ 1.00 par value; 175,000,000 shares authorized at June 30, 2018 and December 31, 2017; 87,338,652 shares issued at June 30, 2018 and December 31, 2017, 87,336,453 and 86,319,583 shares outstanding at June 30, 2018 and December 31, 2017, respectively

87

87

87

87

87

87

84

84

84

57

56

56

56

46

46

Additional paid-in capital

983

857

858

752

752

752

728

650

651

500

450

404

404

351

350

Cost of treasury stock

0

5

16

20

18

0

-

-

-

-

-

-

-

-

-

Accumulated other comprehensive loss

-4

-5

-7

-4

-13

-10

-11

-10

-9

-6

-9

-14

-25

-35

-52

Retained earnings

501

547

585

582

587

567

501

437

432

430

472

478

524

554

671

Total Tsakos Energy Navigation Limited stockholders' equity

1,584

1,494

1,518

1,405

1,402

1,403

1,311

1,166

1,162

986

971

924

959

917

1,016

Non-controlling Interest

12

13

13

12

11

11

11

11

11

11

1

2

2

2

3

Total stockholders' equity

1,596

1,508

1,531

1,417

1,413

1,415

1,322

1,177

1,173

997

973

926

961

919

1,019

Total liabilities and stockholders' equity

3,397

3,373

3,483

3,277

3,057

2,893

2,826

2,699

2,618

2,483

2,521

2,450

2,520

2,535

2,702