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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 566,384 $ 679,225
Restricted cash and short-term deposits 75,579 18,115
Trade accounts receivable 29,667 38,915
Amounts due from related parties 20,354 7,312
Other current assets 47,882 71,997
Total current assets 739,866 815,564
Non-current assets    
Restricted cash 74,619 74,130
Equity method investments 43,665 53,982
Assets under development 2,261,197 1,562,828
Vessels and equipment, net 1,079,745 1,077,677
Intangible assets 2,348 0
Non-current amounts due from related parties 6,006 0
Other non-current assets 160,231 499,806
Total assets 4,367,677 4,083,987
Current liabilities    
Current portion of long-term debt and short-term debt (521,282) (342,566)
Trade accounts payable (198,906) (7,454)
Accrued expenses (66,071) (144,810)
Other current liabilities (55,265) (50,950)
Total current liabilities (841,524) (545,780)
Non-current liabilities    
Long-term debt (930,973) (874,164)
Other non-current liabilities (225,776) (61,600)
Total liabilities (1,998,273) (1,481,544)
EQUITY    
Share capital 104,534,703 common shares of $1.00 each issued and outstanding (2023: 104,578,080) (104,535) (104,578)
Additional paid-in capital (1,705,093) (1,691,128)
Contributed surplus (200,000) (200,000)
Accumulated other comprehensive loss 5,743 5,072
Retained earnings (10,266) (77,035)
Total stockholders’ equity (2,014,151) (2,067,669)
Non-controlling interests (355,253) (534,774)
Total equity (2,369,404) (2,602,443)
Total liabilities and equity $ (4,367,677) $ (4,083,987)