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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current Assets    
Cash and cash equivalents $ 424,714 $ 66,913
Restricted cash and short-term investments 1,551 28,012
Trade accounts receivable 385 2,641
Other receivables, prepaid expenses and accrued income 5,309 4,835
Amounts due from related parties 5,915 354
Inventories 2,051 3,211
Total current assets 439,925 105,966
Long-term assets    
Restricted cash 0 185,270
Investment in available-for-sale securities 353,034 0
Investments in affiliates 367,656 22,529
Cost method investments 198,524 7,347
Newbuildings 435,859 190,100
Vessels and equipment, net 573,615 1,203,003
Vessels under capital leases, net 0 501,904
Deferred charges 4,064 9,569
Other non-current assets 6,769 6,946
Amounts due from related parties 34,953 0
Total assets 2,414,399 2,232,634
Current liabilities    
Current portion of long-term debt 14,400 64,306
Current portion of obligations under capital leases 0 5,909
Trade accounts payable 10,203 23,124
Accrued expenses 20,413 30,642
Amounts due to related parties 4,037 21,178
Other current liabilities 38,006 110,981
Total current liabilities 87,059 256,140
Long-term liabilities    
Long-term debt 490,506 627,243
Long-term debt due to related parties 0 80,000
Obligations under capital leases 0 399,934
Other long-term liabilities 72,515 113,497
Total liabilities 650,080 1,476,814
Commitments and Contingencies (see note 34 and 35)      
EQUITY    
Share capital 80,503,364 (2011: 80,236,252) common shares of $1.00 each issued and outstanding 80,504 80,237
Additional paid-in capital 654,042 398,383
Contributed surplus 200,000 200,000
Accumulated other comprehensive loss (18,730) (34,948)
Retained earnings 848,503 34,093
Total stockholders' equity 1,764,319 677,765
Non-controlling interests 0 78,055
Total equity 1,764,319 755,820
Total liabilities and equity $ 2,414,399 $ 2,232,634