Fundamentals

As Reported Financials

Source Document Currency Code (in thousands) 2012 Y 12/31/2013 USD 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 9/30/2016 USD 2016 Q3 YTD 9/30/2016 USD
Source Document Currency Code 2012 Y 12/31/2013 USD 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 9/30/2016 USD 2016 Q3 YTD 9/30/2016 USD

ASSETS

Current Assets

Cash and cash equivalents 507,342 601,927 389,226 502,836 313,232
Restricted cash NA 0 53,085 10,583 5,572
Voyage receivables, including unbilled 179,259 147,964 101,513 81,612 62,763
Income tax recoverable 0 3,952 55,856 1,664 1,031
Other receivables 28,900 16,838 8,293 7,195 3,657
Inventories 15,532 16,884 7,987 NA NA
Inventories, prepaid expenses and other current assets 40,394 24,284 16,303 20,041 18,037
Deferred income taxes 0 5,464 NA NA NA
Total Current Assets 771,427 817,313 632,263 623,931 404,292
Restricted cash - non current NA NA 70,093 8,989 0
Vessels and other property, less accumulated depreciation 2,837,288 2,359,352 2,213,217 2,084,859 1,846,615
Deferred drydock expenditures, net 74,418 57,248 62,413 95,241 68,506
Total Vessels, Deferred Drydock and Other Property 2,911,706 2,416,600 2,275,630 2,180,100 1,915,121
Investments in and advances to affiliated companies 252,398 323,327 334,863 348,718 363,282
Intangible assets, less accumulated amortization 71,975 60,167 54,817 50,217 46,767
Goodwill 9,589 NA NA NA NA
Other assets 26,440 27,087 63,513 18,455 20,492
Total Assets 4,043,535 3,644,494 3,431,179 3,230,410 2,749,954

LIABILITIES AND EQUITY

Current Liabilities

Accounts payable, accrued expenses and other current liabilities 99,273 121,582 96,066 91,233 87,243
Deferred income taxes 25,900 NA NA NA NA
Income taxes payable, including reserve for uncertain tax positions 329,799 NA NA NA NA
Income taxes payable NA 256,258 906 13 1,955
Current installments of long-term debt NA 0 12,314 63,039 25,483
Total Current Liabilities 454,972 377,840 109,286 154,285 114,681
Reserve for uncertain tax positions 17,067 26,585 34,520 2,520 2,556
Deferred gain on sale and leaseback of vessels 3,839 NA NA NA NA
Long-term debt NA 0 1,656,353 1,223,224 956,260
Deferred income taxes 343,162 369,954 277,965 208,195 202,589
Other liabilities 37,712 42,189 66,968 61,698 58,999
Liabilities subject to compromise 2,652,537 2,888,173 NA NA NA
Total Liabilities 3,509,289 3,704,741 2,145,092 1,649,922 1,335,085

Equity

Common stock 44,291 44,291 NA 3,720 702
Common stock - Class A NA 0 3,108 NA NA
Common stock - Class B NA 0 50 NA NA
Paid-in additional capital 414,411 413,753 1,507,334 1,651,511 1,533,683
Retained earnings / (accumulated deficit) 1,024,480 NA NA NA NA
Accumulated deficit NA 386,250 (141,025) (1,282) (46,261)
Total, Gross 1,483,182 844,294 NA NA NA
Cost of treasury stock 835,155 (835,197) NA NA NA
Total 648,027 9,097 1,369,467 1,653,949 1,488,124
Accumulated other comprehensive loss (113,781) (69,344) (83,380) (73,461) (73,255)
Total Equity 534,246 (60,247) 1,286,087 1,580,488 1,414,869
Total Liabilities and Equity 4,043,535 3,644,494 3,431,179 3,230,410 2,749,954
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.