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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Share Capital
Treasury Shares
Additional Paid-in Capital
Contributed Surplus
Accumulated Other Comprehensive (Loss)/Income
[1]
Retained Earnings (Losses)
Non-controlling Interests
Balance at beginning of the period at Dec. 31, 2017 $ 1,796,304 $ 101,119 $ (20,483) $ 1,538,191 $ 200,000 $ (7,769) $ (95,742) $ 80,988
Increase (Decrease) in Stockholders' Equity                
Net (loss)/income (168,214)           (231,428) 63,214
Dividends (57,958)           (37,076) (20,882)
Exercise of share options 2,686 184   2,502        
Employee stock compensation 13,992     14,125     (133)  
Forfeiture of employee stock compensation (2,090)     (2,090)        
Decrease from consolidating Hilli Lessor VIE/Sale of equity interests and proceeds from subscriptions of equity interest in Gimi MS Corporation 28,703             28,703
Sale of equity interest in common units 177,977     304,468       (126,491)
Conversion of debt to equity 55,134             55,134
Other comprehensive loss (20,743)         (20,743)    
Balance at end of the period at Dec. 31, 2018 1,825,791 101,303 (20,483) 1,857,196 200,000 (28,512) (364,379) 80,666
Increase (Decrease) in Stockholders' Equity                
Net (loss)/income (122,375)           (211,956) 89,581
Dividends (51,749)           (28,810) (22,939)
Employee stock compensation 9,371     9,371        
Forfeiture of employee stock compensation (489)     (489)        
Decrease from consolidating Hilli Lessor VIE/Sale of equity interests and proceeds from subscriptions of equity interest in Gimi MS Corporation 115,246     9,989       105,257
Treasury shares (18,615)   (18,615)          
Other comprehensive loss (6,354)         (6,354)    
Balance at end of the period at Dec. 31, 2019 1,750,826 101,303 (39,098) 1,876,067 200,000 (34,866) (605,145) 252,565
Increase (Decrease) in Stockholders' Equity                
Net (loss)/income (167,930)           (273,557) 105,627
Dividends (26,340)             (26,340)
Employee stock compensation 5,671     5,671        
Forfeiture of employee stock compensation (250)     (250)        
Restricted stock units 0 73   (73)        
Decrease from consolidating Hilli Lessor VIE/Sale of equity interests and proceeds from subscriptions of equity interest in Gimi MS Corporation 11,081             11,081
Repurchase and cancellation of treasury shares (16,650) (3,500) 39,098       (52,248)  
Net proceeds from the issuance of equity 100,255 12,068   88,187        
Deconsolidation of lessor VIE (4,809)             (4,809)
Other comprehensive loss (21,207)         (21,207)    
Balance at end of the period at Dec. 31, 2020 $ 1,630,647 $ 109,944 $ 0 $ 1,969,602 $ 200,000 $ (56,073) $ (930,950) $ 338,124
[1] As at December 31, 2020, 2019 and 2018, our accumulated other comprehensive (loss)/income consisted of $3.5 million (loss), $3.1 million (loss) and $3.6 million (gain) of pension and post retirement benefit plan adjustments and $17.7 million (loss), $3.3 million (loss) and $24.3 million (loss) of our share of affiliates comprehensive (loss)/income, respectively.