OVERSEAS SHIPHOLDING GROUP INC

2023 Q3 Form 10-Q Financial Statement

#000149315223027011 Filed on August 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $112.5M $120.8M
YoY Change 27.14% 43.06%
Cash & Equivalents $97.60M $106.0M
Short-Term Investments $14.90M $14.85M
Other Short-Term Assets
YoY Change
Inventory $3.200M $4.268M
Prepaid Expenses
Receivables $12.52M $10.86M
Other Receivables $2.227M $3.509M
Total Short-Term Assets $131.2M $125.3M
YoY Change 16.36% 3.01%
LONG-TERM ASSETS
Property, Plant & Equipment $866.5M $889.6M
YoY Change 4.57% 4.04%
Goodwill
YoY Change
Intangibles $14.57M $15.72M
YoY Change -24.0% -22.64%
Long-Term Investments $0.00 $14.85M
YoY Change -100.0%
Other Assets $27.19M $25.27M
YoY Change 7.3% 1.09%
Total Long-Term Assets $950.0M $983.8M
YoY Change 2.14% 4.41%
TOTAL ASSETS
Total Short-Term Assets $131.2M $125.3M
Total Long-Term Assets $950.0M $983.8M
Total Assets $1.081B $1.109B
YoY Change 3.68% 4.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $49.10M $49.16M
YoY Change 5.95% 2.73%
Accrued Expenses $67.30M $63.64M
YoY Change -16.72% -26.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $43.18M $24.92M
YoY Change 84.97% 8.5%
Total Short-Term Liabilities $159.6M $141.7M
YoY Change 3.28% -12.45%
LONG-TERM LIABILITIES
Long-Term Debt $363.3M $387.3M
YoY Change -10.39% -5.8%
Other Long-Term Liabilities $8.893M $9.336M
YoY Change -56.88% -54.49%
Total Long-Term Liabilities $372.2M $396.6M
YoY Change -12.64% -8.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $159.6M $141.7M
Total Long-Term Liabilities $372.2M $396.6M
Total Liabilities $738.5M $754.7M
YoY Change 6.03% 4.72%
SHAREHOLDERS EQUITY
Retained Earnings -$191.0M -$208.6M
YoY Change -21.44% -18.64%
Common Stock $588.3M $598.8M
YoY Change -1.62% 0.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $342.6M $354.4M
YoY Change
Total Liabilities & Shareholders Equity $1.081B $1.109B
YoY Change 3.68% 4.25%

Cashflow Statement

Concept 2023 Q3 2023 Q2

Facts In Submission

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dei Entity File Number
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dei Entity Registrant Name
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OVERSEAS SHIPHOLDING GROUP, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
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dei Entity Tax Identification Number
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dei Entity Address Address Line1
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dei Security12b Title
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31932000 usd
OSG Noncash Operating Lease Expense
NoncashOperatingLeaseExpense
44874000 usd
OSG Payments For Drydocking
PaymentsForDrydocking
5319000 usd
OSG Payments For Drydocking
PaymentsForDrydocking
7386000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-32786000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-45935000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
4922000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
15061000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
53410000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17169000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
1404000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
2046000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1404000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2046000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
11670000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
10930000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1168000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
371000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2063000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2063000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
40000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
261000 usd
OSG Payments For Repurchase Of Treasury Stock
PaymentsForRepurchaseOfTreasuryStock
9847000 usd
OSG Payments For Repurchase Of Treasury Stock
PaymentsForRepurchaseOfTreasuryStock
310000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-24788000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-13935000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
27218000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1188000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
78732000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
83253000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
105950000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
84441000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
338614000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-509000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-180000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-370000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
656000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
338211000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
3740000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-181000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1735000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
310000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
343195000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
339685000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
12139000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-192000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-1168000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
800000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
-1862000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
349402000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
12303000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
12303000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-192000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
862000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
-7985000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
354390000 usd
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
166666666 shares
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
166666666 shares
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
89496512 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
87974424 shares
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
76903374 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
87828683 shares
CY2023Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
18370886 shares
CY2022Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
19051778 shares
CY2023Q2 us-gaap Revenues
Revenues
106625000 usd
CY2022Q2 us-gaap Revenues
Revenues
117985000 usd
us-gaap Revenues
Revenues
220416000 usd
us-gaap Revenues
Revenues
221983000 usd
CY2023Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
8964000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
9258000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
12303000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
3740000 usd
us-gaap Net Income Loss
NetIncomeLoss
24442000 usd
us-gaap Net Income Loss
NetIncomeLoss
3231000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
81404635 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
91254864 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
81703990 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90984407 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83699619 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
92607727 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84518602 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
92345481 shares
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2294984 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2814612 shares
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1352863 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1361074 shares
CY2023Q2 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
14851000 usd
CY2023Q2 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
336000 usd
CY2023Q2 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
14515000 usd
CY2022Q4 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
14803000 usd
CY2022Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
328000 usd
CY2022Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
14475000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
105950000 usd
CY2023Q2 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
14851000 usd
CY2023Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
120801000 usd
CY2023Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
412220000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
78732000 usd
CY2022Q4 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
14803000 usd
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
93535000 usd
CY2022Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
423363000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1339000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
611000 usd
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.098 pure
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.139 pure
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4660000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
552000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.160 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.145 pure
CY2023Q2 OSG Stock Repurchase Program Increase In Share Repurchase Authorized Amount
StockRepurchaseProgramIncreaseInShareRepurchaseAuthorizedAmount
10000000 usd
CY2023Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
20000000 usd
CY2023Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2095232 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2593138 shares
CY2023Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
7985000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
9847000 usd
CY2023Q2 OSG Stock Repurchased During Period Per Share Amount
StockRepurchasedDuringPeriodPerShareAmount
3.81
OSG Stock Repurchased During Period Per Share Amount
StockRepurchasedDuringPeriodPerShareAmount
3.80
CY2023Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
3026000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
3410000 usd
CY2023Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
3026000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
3410000 usd
CY2023Q1 us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
the Company extended its lease on the Alaskan Frontier for an additional lease term of three years to March 2026.
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1000000 usd

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0001493152-23-027011-index-headers.html Edgar Link pending
0001493152-23-027011-index.html Edgar Link pending
0001493152-23-027011.txt Edgar Link pending
0001493152-23-027011-xbrl.zip Edgar Link pending
ex10-1.htm Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
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osg-20230630.xsd Edgar Link pending
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report.css Edgar Link pending
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osg-20230630_lab.xml Edgar Link unprocessable
osg-20230630_pre.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
osg-20230630_cal.xml Edgar Link unprocessable
osg-20230630_def.xml Edgar Link unprocessable