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UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Total before Non- Controlling Interest
Share Capital
Additional Paid-in Capital
Contributed Surplus
 [1]
Accumulated Other Comprehensive Loss
 [2]
Accumulated Retained Earnings
Non-Controlling Interest
Beginning balance at Dec. 31, 2022 $ 2,900,174 $ 2,500,224 $ 107,226 $ 1,936,746 $ 200,000 $ (5,811) $ 262,063 $ 399,950
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income/(loss) (85,659) (106,408)         (106,408) 20,749
Dividends (44,537) (26,695)         (26,695) (17,842)
Employee stock compensation 3,638 3,638   3,638        
Forfeiture of employee stock compensation (73) (73)   (73)        
Restricted stock units 0   198 (198)        
Proceeds from subscription of equity interest in Gimi MS Corporation (note 11) 21,118             21,118
Repurchase and cancellation of treasury shares (29,448) (29,448) (1,397)       (28,051)  
Other comprehensive income 1,640 1,640       1,640    
Reacquisition of common units of Hilli LLC (note 11) (215,605) (251,249)   (251,249)       35,644
Ending balance at Jun. 30, 2023 2,551,248 2,091,629 106,027 1,688,864 200,000 (4,171) 100,909 459,619
Beginning balance at Dec. 31, 2023 2,602,443 2,067,669 104,578 1,691,128 200,000 (5,072) 77,035 534,774
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income/(loss) 101,725 81,127         81,127 20,598
Dividends (56,708) (51,971)         (51,971) (4,737)
Employee stock compensation 4,174 4,174   4,174        
Forfeiture of employee stock compensation (102) (102)   (102)        
Restricted stock units 0   87 (87)        
Exercise of share options 342 342 17 325        
Proceeds from subscription of equity interest in Gimi MS Corporation (note 11) 27,278             27,278
Repurchase and cancellation of treasury shares (14,180) (14,180) (679)       (13,501)  
Other comprehensive income (963) (963)       (963)    
Ending balance at Jun. 30, 2024 $ 2,664,009 $ 2,086,096 $ 104,003 $ 1,695,438 $ 200,000 $ (6,035) $ 92,690 $ 577,913
[1] Contributed Surplus is “capital” that can be returned to stockholders without the need to reduce share capital, thereby giving us greater flexibility when it comes to declaring dividends.
[2] As at June 30, 2024 and 2023, our accumulated other comprehensive loss consisted of (i) $5.0 million and $3.6 million losses in relation to our pension and post-retirement benefit plan and $1.0 million and (ii) $0.6 million for our share of equity method investment’s comprehensive losses, respectively.