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Condensed Financial Information of DHT Holdings, Inc. (Tables)
 12 Months Ended
Dec. 31, 2018
Condensed Financial Information of DHT Holdings, Inc. (Tables) [Abstract]  
Financial Position
(Dollars in thousands)

ASSETS
  
December 31,
    
December 31,
  
Current assets
  
2018
    
2017
  
Cash and cash equivalents
  
$
17,783
    
$
11,540
  
Accounts receivable and prepaid expenses
    
374
      
249
  
Deposit for vessel acquisition
    
-
      
114,759
  
Amounts due from related parties
    
36,216
      
7,992
  
Total current assets
  
$
54,372
    
$
134,540
  
 
                
Investments in subsidiaries
  
$
468,941
    
$
521,801
  
Loan to subsidiaries
    
563,349
      
481,012
  
Investment in associate company
    
201
      
201
  
Total non-current assets
  
$
1,032,491
    
$
1,003,014
  
 
                
Total assets
  
$
1,086,864
    
$
1,137,555
  
 
                
LIABILITIES AND STOCKHOLDERS' EQUITY
                
Current liabilities
                
Accounts payable and accrued expenses
  
$
3,733
    
$
1,454
  
Current portion long-term debt
    
32,009
      
-
  
Total current liabilities
  
$
35,742
    
$
1,454
  
 
                
Non-current liabilities
                
Long-term debt
    
111,968
      
98,262
  
Total non-current liabilities
  
$
111,968
    
$
98,262
  
 
                
Total liabilities
  
$
147,710
    
$
99,716
  
 
                
Stockholders' equity
                
Stock
  
$
1,427
    
$
1,424
  
Treasury shares
    
(1,364
)
    
-
  
Paid-in additional capital
    
1,097,099
      
1,096,793
  
Accumulated deficit
    
(158,009
)
    
(60,379
)
Total stockholders equity
  
$
939,154
    
$
1,037,838
  
 
                
Total liabilities and stockholders' equity
  
$
1,086,864
    
$
1,137,555
  
INCOME STATEMENT
INCOME STATEMENT

(Dollars in thousands)
  
Jan. 1 - Dec. 31,
    
Jan. 1 - Dec. 31,
    
Jan. 1 - Dec. 31,
  
 
  
2018
    
2017
    
2016
  
 
                  
Revenues
  
$
-
    
$
-
    
$
6,770
  
Impairment charge
    
(93,452
)
    
(4,948
)
    
(18,132
)
Dividend income
    
9,909
      
25,415
      
16,900
  
General and administrative expense
    
(13,735
)
    
(13,764
)
    
(14,525
)
Operating income/(loss)
  
$
(97,279
)
  
$
6,703
    
$
(8,987
)
 
                        
Interest income
  
$
24,893
    
$
21,798
    
$
14,559
  
Interest expense
    
(10,341
)
    
(9,229
)
    
(11,494
)
Other financial income/(expenses)
    
(3,416
)
    
1,020
      
693
  
Profit/(loss) for the year
  
$
(86,143
)
  
$
20,293
    
$
(5,228
)
Statement of Comprehensive Income
Statement of Comprehensive Income

(Dollars in thousands)
  
Jan. 1 - Dec. 31,
    
Jan. 1 - Dec. 31,
    
Jan. 1 - Dec. 31,
  
 
  
2018
    
2017
    
2016
  
Profit/(loss) for the year
  
$
(86,143
)
  
$
20,293
    
$
(5,228
)
Other comprehensive income/(loss):
                        
Items that will not be reclassified subsequently to profit or loss:
    
-
      
-
      
-
  
Items that may be reclassified subsequently to profit or loss:
    
-
      
-
      
-
  
Total comprehensive income/(loss) for the period
  
$
(86,143
)
  
$
20,293
    
$
(5,228
)
 
                        
Attributable to the owners
  
$
(86,143
)
  
$
20,293
    
$
(5,228
)
CASH FLOW
CASH FLOW

(Dollars in thousands)
  
Jan. 1 - Dec. 31,
    
Jan. 1 - Dec. 31,
    
Jan. 1 - Dec. 31,
  
 
  
2018
    
2017
    
2016
  
 
                  
Cash Flows from Operating Activities:
                  
Profit/(loss) for the year
  
$
(86,143
)
  
$
20,293
    
$
(5,228
)
Items included in net income not affecting cash flows:
                        
Amortization
    
4,733
      
4,170
      
4,982
  
Impairment charge
    
93,452
      
4,948
      
18,132
  
Compensation related to options and restricted stock
    
663
      
4,948
      
7,365
  
(Gain)/loss purchase convertible bond
    
3,589
      
(1,035
)
    
-
  
Changes in operating assets and liabilities:
                        
Accounts receivable and prepaid expenses
    
(125
)
    
4,305
      
(4,148
)
Accounts payable and accrued expenses
    
2,279
      
(291
)
    
(148
)
Amounts due to related parties
    
(72,365
)
    
11,782
      
122,401
  
Net cash (used in)/provided by operating activities
  
$
(53,917
)
  
$
49,119
    
$
143,357
  
 
                        
Cash flows from Investing Activities
                        
Investments in subsidiaries
  
$
-
    
$
-
    
$
(1,022
)
Loan to subsidiaries
    
58,990
      
82,814
      
(63,985
)
Investment in vessels under construction
    
(21,263
)
    
(86,004
)
    
(32,219
)
Net cash provided by/(used in) investing activities
  
$
37,727
    
$
(3,191
)
  
$
(97,227
)
 
                        
Cash flows from Financing Activities
                        
Cash dividends paid
    
(11,487
)
    
(23,328
)
    
(66,365
)
Purchase of treasury shares
    
(5,026
)
    
-
      
(2,031
)
Issuance of convertible bonds
    
38,945
      
-
      
-
  
Purchase of convertible bonds
    
-
      
(17,104
)
    
(25,334
)
Net cash provided by/(used in) financing activities
  
$
22,432
    
$
(40,431
)
  
$
(93,731
)
 
                        
Net increase/(decrease) in cash and cash equivalents
  
$
6,242
    
$
5,497
    
$
(47,602
)
Cash and cash equivalents at beginning of period
    
11,540
      
6,043
      
53,645
  
Cash and cash equivalents at end of period
  
$
17,783
    
$
11,540
    
$
6,043
  
Profit/(Loss) Reconciliation
Profit/(Loss) Reconciliation
(Dollars in thousands)
  
Jan. 1 - Dec. 31,
    
Jan. 1 - Dec. 31,
    
Jan. 1 - Dec. 31,
  
 
  
2018
    
2017
    
2016
  
 
                  
Profit/(loss) of the parent company only under cost method off accounting
  
$
(86,143
)
  
$
20,293
    
$
(5,228
)
Additional profit/(loss) if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting
    
39,014
      
(13,664
)
    
14,467
  
Profit/(loss) of the parent company only under equity method of accounting
  
$
(47,128
)
  
$
6,628
    
$
9,239
  
Equity Reconciliation
Equity Reconciliation
(Dollars in thousands)
  
December 31,
    
December 31,
  
 
  
2018
    
2017
  
Equity of the parent company only under cost method of accounting
  
$
939,154
    
$
1,037,838
  
Additional profit if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting
    
22,762
      
(16,253
)
Equity of the parent company only under equity method of accounting
  
$
961,915
    
$
1,021,586