XML 11 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 82,016 $ 70,175
Available for sale securities 119,975 199,594
Trade accounts receivable 5,239 2,057
Due from related parties 18,663 45,659
Other receivables 9,135 10,441
Inventories 5,050 5,056
Prepaid expenses and accrued income 2,911 5,790
Investment in direct financing leases, current portion 31,634 37,145
Total current assets 274,623 375,917
Vessels and equipment, net 1,789,816 1,641,317
Newbuildings and vessel purchase deposits 21,991 40,149
Investment in direct financing leases, long-term portion 442,910 474,298
Investment in associated companies 171 84,615
Loans to related parties - associated companies, long-term 336,997 387,712
Long-term receivables from related parties 9,955 0
Other long-term assets 27,992 27,746
Financial instruments (long-term): at fair value 0 800
Total assets 2,904,455 3,032,554
Current liabilities    
Short-term debt and current portion of long-term debt 96,881 208,031
Trade accounts payable 1,071 835
Due to related parties 1,104 416
Accrued expenses 11,178 12,646
Other current liabilities 2,224 17,037
Total current liabilities 112,458 238,965
Long-term liabilities    
Long-term debt 1,520,321 1,426,174
Financial instruments (long-term): at fair value 129,165 113,642
Other long-term liabilities 7,216 11,963
Total liabilities 1,769,160 1,790,744
Commitments and contingent liabilities
Stockholders' equity    
Share capital ($1 par value; 125,000,000 shares authorized; 93,504,575 and 93,468,000 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively) 93,505 93,468
Additional paid-in capital 286,204 285,859
Contributed surplus 588,133 588,133
Accumulated other comprehensive loss (107,643) (1,037)
Accumulated other comprehensive loss – associated companies (3,893) (2,126)
Retained earnings 278,989 277,513
Total stockholders' equity 1,135,295 1,241,810
Total liabilities and stockholders' equity $ 2,904,455 $ 3,032,554