XML 108 R88.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Financial Information of DHT Holdings, Inc. (parent company only), Condensed Statement of Cash Flow (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities [Abstract]      
Profit/(loss) for the year $ 61,979 $ (11,507) $ 266,281
Items included in net income not affecting cash flows [Abstract]      
Impairment charge 0 0 12,560
Compensation related to options and restricted stock 4,133 4,347 5,106
Changes in operating assets and liabilities [Abstract]      
Accounts payable and accrued expenses 5,573 1,510 (6,914)
Net cash provided by/(used in) operating activities 127,906 60,562 529,870
Cash flows from investing activities [Abstract]      
Net cash provided by/(used in) investing activities 110,518 (86,512) (26,717)
Cash flows from financing activities [Abstract]      
Cash dividends paid (19,679) (22,083) (214,669)
Purchase of treasury shares (24,758) (32,178) 0
Net cash provided by/(used in) financing activities (173,343) 17,967 (501,868)
Net (decrease)/increase in cash and cash equivalents 65,081 (7,983) 1,285
Cash and cash equivalents at beginning of period 60,658 [1],[2] 68,641 67,356
Cash and cash equivalents at end of period 125,948 [1],[2] 60,658 [1],[2] 68,641
Parent Company [Member]      
Cash flows from operating activities [Abstract]      
Profit/(loss) for the year 77,563 36,095 (22,433)
Items included in net income not affecting cash flows [Abstract]      
Amortization 0 0 3,250
Impairment charge 1,234 35,149 35,278
Compensation related to options and restricted stock 3,013 3,203 4,204
Changes in operating assets and liabilities [Abstract]      
Accounts receivable and prepaid expenses (675) 1,604 (805)
Accounts payable and accrued expenses (246) 277 (2,246)
Amounts due to related parties (69,740) (6,834) (43,313)
Net cash provided by/(used in) operating activities 11,150 69,494 (26,063)
Cash flows from investing activities [Abstract]      
Investments in subsidiaries (395) 0 0
Loan to subsidiaries 47,744 (5,004) 223,550
Net cash provided by/(used in) investing activities 47,349 (5,004) 223,550
Cash flows from financing activities [Abstract]      
Cash dividends paid (19,679) (22,083) (214,669)
Purchase of treasury shares (24,758) (32,178) 0
Net cash provided by/(used in) financing activities (44,436) (54,261) (214,669)
Net (decrease)/increase in cash and cash equivalents 14,062 10,229 (17,182)
Cash and cash equivalents at beginning of period 15,539 5,310 22,492
Cash and cash equivalents at end of period $ 29,601 $ 15,539 $ 5,310
[1] Amortized cost.
[2] Cash and cash equivalents include $316 thousand in restricted cash in 2022 and $289 thousand in 2021, including employee withholding tax.