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v3.20.1

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands | Total | Share capital | Additional paid in capital | Contributed surplus | Accumulated other comprehensive income | Retained earnings (deficit) | Equity attributable to the Company | Non-controlling interest
--- | --- | --- | --- | --- | --- | --- | --- | ---
Balance at the beginning of year (in shares) at Dec. 31, 2016 | 169,809,324 |  |  |  |  |  |  |
Increase (decrease) in Equity [Roll Forward] |  |  |  |  |  |  |  |
Shares issued under ATM program (in shares) | 0 |  |  |  |  |  |  |
Share issued as consideration for Trafigura acquisition (in shares) | 0 |  |  |  |  |  |  |
Balance at the end of year (in shares) at Dec. 31, 2017 | 169,809,324 |  |  |  |  |  |  |
Balance at beginning of year at Dec. 31, 2016 |  | $ 169,809 | $ 195,304 | $ 1,099,680 | $ 739 | $ 34,069 |  | $ 168
Increase (decrease) in Equity [Roll Forward] |  |  |  |  |  |  |  |
Shares issued under ATM program |  | 0 | 0 |  |  |  |  |
Shares issued as consideration for Trafigura acquisition |  | 0 | 0 |  |  |  |  |
Stock compensation expense |  |  | 2,095 |  |  |  |  |
Adjustment on repurchase of non-controlling interest |  |  | 0 |  |  |  |  |
Cash dividends |  |  |  | (9,304) |  | (41,711) |  |
Other comprehensive income | $ 1,488 |  |  |  | 1,488 |  |  |
Change in accounting policy: Marketable securities |  |  |  |  | 0 | 0 |  |
Net income (loss) | (264,322) |  |  |  |  | (264,861) |  | 539
Change in accounting policy: ASC 606/340 |  |  |  |  |  | 0 |  |
Adjustment on repurchase of non-controlling interest |  |  |  |  |  |  |  | 0
Dividend paid to non-controlling interest |  |  |  |  |  |  |  | (386)
Balance at the end of year at Dec. 31, 2017 | $ 1,187,629 | 169,809 | 197,399 | 1,090,376 | 2,227 | (272,503) | $ 1,187,308 | 321
Increase (decrease) in Equity [Roll Forward] |  |  |  |  |  |  |  |
Shares issued under ATM program (in shares) | 11,868 |  |  |  |  |  |  |
Share issued as consideration for Trafigura acquisition (in shares) | 0 |  |  |  |  |  |  |
Balance at the end of year (in shares) at Dec. 31, 2018 | 169,821,192 |  |  |  |  |  |  |
Increase (decrease) in Equity [Roll Forward] |  |  |  |  |  |  |  |
Shares issued under ATM program |  | 12 | 73 |  |  |  |  |
Shares issued as consideration for Trafigura acquisition |  | 0 | 0 |  |  |  |  |
Stock compensation expense |  |  | 1,025 |  |  |  |  |
Adjustment on repurchase of non-controlling interest |  |  | 0 |  |  |  |  |
Cash dividends |  |  |  | 0 |  | 0 |  |
Other comprehensive income | $ 893 |  |  |  | 893 |  |  |
Change in accounting policy: Marketable securities |  |  |  |  | (2,896) | 2,896 |  |
Net income (loss) | (8,398) |  |  |  |  | (8,880) |  | 482
Change in accounting policy: ASC 606/340 |  |  |  |  |  | (16,631) |  |
Adjustment on repurchase of non-controlling interest |  |  |  |  |  |  |  | 0
Dividend paid to non-controlling interest |  |  |  |  |  |  |  | (386)
Balance at the end of year at Dec. 31, 2018 | $ 1,164,217 | 169,821 | 198,497 | 1,090,376 | 224 | (295,118) | 1,163,800 | 417
Increase (decrease) in Equity [Roll Forward] |  |  |  |  |  |  |  |
Shares issued under ATM program (in shares) | 11,037,273 |  |  |  |  |  |  |
Share issued as consideration for Trafigura acquisition (in shares) | 16,035,856 |  |  |  |  |  |  |
Balance at the end of year (in shares) at Dec. 31, 2019 | 196,894,321 |  |  |  |  |  |  |
Increase (decrease) in Equity [Roll Forward] |  |  |  |  |  |  |  |
Shares issued under ATM program |  | 11,037 | 87,378 |  |  |  |  |
Shares issued as consideration for Trafigura acquisition | $ 127,000 | 16,036 | 110,967 |  |  |  |  |
Stock compensation expense |  |  | 438 |  |  |  |  |
Adjustment on repurchase of non-controlling interest |  |  | (70) |  |  |  |  |
Cash dividends |  |  |  | (19,688) |  | 0 |  |
Other comprehensive income | 106 |  |  |  | 106 |  |  |
Change in accounting policy: Marketable securities |  |  |  |  | 0 | 0 |  |
Net income (loss) | 139,986 |  |  |  |  | 139,972 |  | 14
Change in accounting policy: ASC 606/340 |  |  |  |  |  | 0 |  |
Adjustment on repurchase of non-controlling interest |  |  |  |  |  |  |  | (199)
Dividend paid to non-controlling interest |  |  |  |  |  |  |  | 0
Balance at the end of year at Dec. 31, 2019 | $ 1,510,208 | $ 196,894 | $ 397,210 | $ 1,070,688 | $ 330 | $ (155,146) | $ 1,509,976 | $ 232

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