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Condensed Financial Information of DHT Holdings, Inc. (parent company only) (Tables) | 12 Months Ended
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Dec. 31, 2020
Condensed Financial Information of DHT Holdings, Inc. (parent company only) [Abstract] |
Financial Position | FINANCIAL POSITION
(Dollars in thousands) |  |  |  |  |  |
ASSETS |  | December 31, |  |  | December 31,
Current assets |  | 2020 |  |  | 2019
Cash and cash equivalents |  | $ | 5,310 |  |  | $ | 22,492 |
Accounts receivable and prepaid expenses |  |  | 1,679 |  |  |  | 874 |
Amounts due from related parties |  |  | 84,725 |  |  |  | 62,822 |
Total current assets |  | $ | 91,713 |  |  | $ | 86,188 |
Investments in subsidiaries |  | $ | 434,172 |  |  | $ | 468,817 |
Loan to subsidiaries |  |  | 324,420 |  |  |  | 526,574 |
Investment in associate company |  |  | 201 |  |  |  | 201 |
Total non-current assets |  | $ | 758,793 |  |  | $ | 995,593 |
Total assets |  | $ | 850,506 |  |  | $ | 1,081,780 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 170 |  |  | $ | 2,416 |
Total current liabilities |  | $ | 170 |  |  | $ | 2,416 |
Non-current liabilities |  |  |  |  |  |  |  |
Long-term debt |  | $ | - |  |  | $ | 116,568 |
Total non-current liabilities |  | $ | - |  |  | $ | 116,568 |
Total liabilities |  | $ | 170 |  |  | $ | 118,984 |
Stockholders' equity |  |  |  |  |  |  |  |
Stock |  | $ | 1,708 |  |  | $ | 1,468 |
Paid-in additional capital |  |  | 1,245,449 |  |  |  | 1,121,047 |
Accumulated deficit |  |  | (396,820 | ) |  |  | (159,719 | )
Total stockholders' equity |  | $ | 850,336 |  |  | $ | 962,796 |
Total liabilities and stockholders' equity |  | $ | 850,506 |  |  | $ | 1,081,780 |
Income Statement | INCOME STATEMENT
(Dollars in thousands) |  | Jan. 1 - Dec. 31, 2020 |  |  | Jan. 1 - Dec. 31, 2019 |  |  | Jan. 1 - Dec. 31, 2018
Impairment charge |  | $ | (35,278 | ) |  | $ | 455 |  |  | $ | (93,452 | )
Dividend income |  |  | 17,081 |  |  |  | 25,519 |  |  |  | 9,909 |
General and administrative expense |  |  | (19,148 | ) |  |  | (14,782 | ) |  |  | (13,735 | )
Operating income/(loss) |  | $ | (37,345 | ) |  | $ | 11,192 |  |  | $ | (97,279 | )
Interest income |  | $ | 21,434 |  |  | $ | 27,943 |  |  | $ | 24,893 |
Interest expense |  |  | (6,766 | ) |  |  | (12,177 | ) |  |  | (10,341 | )
Other financial income/(expenses) |  |  | 245 |  |  |  | 17 |  |  |  | (3,416 | )
Profit/(loss) for the year |  | $ | (22,433 | ) |  | $ | 26,975 |  |  | $ | (86,143 | )
Statement of Comprehensive Income | Statement of Comprehensive Income
(Dollars in thousands) |  | Jan. 1 - Dec. 31, 2020 |  |  | Jan. 1 - Dec. 31, 2019 |  |  | Jan. 1 - Dec. 31, 2018
Profit/(loss) for the year |  | $ | (22,433 | ) |  | $ | 26,975 |  |  | $ | (86,143 | )
Total comprehensive income/(loss) for the period |  | $ | (22,433 | ) |  | $ | 26,975 |  |  | $ | (86,143 | )
Attributable to the owners |  | $ | (22,433 | ) |  | $ | 26,975 |  |  | $ | (86,143 | )
Cash Flow | CASH FLOW
(Dollars in thousands) |  | Jan. 1 - Dec. 31, 2020 |  |  | Jan. 1 - Dec. 31, 2019 |  |  | Jan. 1 - Dec. 31, 2018
Cash Flows from Operating Activities: |  |  |  |  |  |  |  |  |
Profit/(loss) for the year |  | $ | (22,433 | ) |  | $ | 26,975 |  |  | $ | (86,143 | )
Items included in net income not affecting cash flows: |  |  |  |  |  |  |  |  |  |  |  |
Amortization |  |  | 3,250 |  |  |  | 5,459 |  |  |  | 4,733 |
Impairment charge |  |  | 35,278 |  |  |  | (455 | ) |  |  | 93,452 |
Compensation related to options and restricted stock |  |  | 4,204 |  |  |  | 693 |  |  |  | 663 |
(Gain)/loss purchase convertible bond |  |  | - |  |  |  | - |  |  |  | 3,589 |
Changes in operating assets and liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable and prepaid expenses |  |  | (805 | ) |  |  | (500 | ) |  |  | (125 | )
Accounts payable and accrued expenses |  |  | (2,246 | ) |  |  | (1,317 | ) |  |  | 2,279 |
Amounts due to related parties |  |  | (43,313 | ) |  |  | (63,280 | ) |  |  | (72,365 | )
Net cash used in operating activities |  | $ | (26,063 | ) |  | $ | (32,425 | ) |  | $ | (53,917 | )
Cash flows from Investing Activities |  |  |  |  |  |  |  |  |  |  |  |
Loan to subsidiaries |  | $ | 223,550 |  |  | $ | 75,500 |  |  | $ | 58,990 |
Investment in vessels under construction |  |  | - |  |  |  | - |  |  |  | (21,263 | )
Net cash provided by investing activities |  | $ | 223,550 |  |  | $ | 75,500 |  |  | $ | 37,727 |
Cash flows from Financing Activities |  |  |  |  |  |  |  |  |  |  |  |
Cash dividends paid |  | $ | (214,669 | ) |  | $ | (28,685 | ) |  | $ | (11,487 | )
Purchase of treasury shares |  |  | - |  |  |  | (3,248 | ) |  |  | (5,026 | )
Issuance of convertible bonds |  |  | - |  |  |  | (7 | ) |  |  | 38,945 |
Repayment of convertible bonds |  |  | - |  |  |  | (6,426 | ) |  |  | - |
Net cash (used in)/provided by financing activities |  | $ | (214,669 | ) |  | $ | (38,366 | ) |  | $ | 22,432 |
Net (decrease)increase in cash and cash equivalents |  | $ | (17,182 | ) |  | $ | 4,709 |  |  | $ | 6,242 |
Cash and cash equivalents at beginning of period |  |  | 22,492 |  |  |  | 17,783 |  |  |  | 11,540 |
Cash and cash equivalents at end of period |  | $ | 5,310 |  |  | $ | 22,492 |  |  | $ | 17,783 |
Profit/(Loss) Reconciliation | Profit/(Loss) Reconciliation
(Dollars in thousands) |  | Jan. 1 - Dec. 31, 2020 |  |  | Jan. 1 - Dec. 31, 2019 |  |  | Jan. 1 - Dec. 31, 2018
Profit/(loss) of the parent company only under cost method of accounting |  | $ | (22,433 | ) |  | $ | 26,975 |  |  | $ | (86,143 | )
Additional profit/(loss) if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting |  |  | 288,653 |  |  |  | 46,969 |  |  |  | 39,014 |
Profit/(loss) of the parent company only under equity method of accounting |  | $ | 266,221 |  |  | $ | 73,944 |  |  | $ | (47,128 | )
Equity Reconciliation | Equity Reconciliation
(Dollars in thousands) |  | December 31, 2020 |  |  | December 31, 2019
Equity of the parent company only under cost method of accounting |  | $ | 850,336 |  |  | $ | 962,796 |
Additional profit if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting |  |  | 358,384 |  |  |  | 69,731 |
Equity of the parent company only under equity method of accounting |  | $ | 1,208,720 |  |  | $ | 1,032,527 |

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