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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 28,221 (13,946)         (13,946) 42,167
Dividends (73,127) (53,214)         (53,214) (19,913)
Employee stock compensation 4,854 4,854   4,854        
Forfeiture of employee stock compensation (90) (90)   (90)        
Restricted stock units 0 0 249 (249)        
Proceeds from subscription of equity interest in Gimi MS Corporation (note 11) 51,106             51,106
Repurchase and cancellation of treasury shares (32,734) (32,734) (1,550)       (31,184)  
Other comprehensive income 1,365 1,365       1,365    
Reacquisition of common units of Hilli LLC (note 11) (216,940) (251,249)   (251,249)       34,309
Ending balance at Sep. 30, 2023 2,662,829 2,155,210 105,925 1,690,012 200,000 (4,446) 163,719 507,619
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 65,756 46,345         46,345 19,411
Dividends (85,929) (77,994)         (77,994) (7,935)
Employee stock compensation 5,479 5,479   5,479        
Forfeiture of employee stock compensation (267) (267)   (267)        
Restricted stock units 0 0 123 (123)        
Exercise of share options 4,138 4,138 348 3,790        
Proceeds from subscription of equity interest in Gimi MS Corporation (note 11) 40,491             40,491
Repurchase and cancellation of treasury shares (14,180) (14,180) (679)       (13,501)  
Other comprehensive income (1,109) (1,109)       (1,109)    
Ending balance at Sep. 30, 2024 $ 2,616,822 $ 2,030,081 $ 104,370 $ 1,700,007 $ 200,000 $ (6,181) $ 31,885 $ 586,741
[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 September 30, 2024 and 2023, our accumulated other comprehensive loss consisted of (i) $4.7 million and $3.5 million losses in relation to our pension and post-retirement benefit plan and (ii) $1.5 million and $1.0 million for our share of equity method investment’s comprehensive losses, respectively.