$INSW
International Seaways, Inc.

2022 Q3 Form 10-Q Financial Statement

#000155837022012758 Filed on August 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $236.8M $188.2M $101.5M
YoY Change 179.23% 306.44% 117.05%
Cost Of Revenue $65.75M $67.39M $68.67M
YoY Change -10.6% 105.37% 120.1%
Gross Profit $171.1M $120.8M $32.81M
YoY Change 1418.52% 795.53% 110.32%
Gross Profit Margin 72.24% 64.19% 32.33%
Selling, General & Admin $14.73M $13.37M $12.63M
YoY Change 42.44% 43.14% 19.12%
% of Gross Profit 8.61% 11.07% 38.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.89M $27.26M $27.00M
YoY Change 8.06% 59.59% 61.16%
% of Gross Profit 16.3% 22.56% 82.29%
Operating Expenses $42.46M $40.63M $39.63M
YoY Change 17.66% 53.76% 44.62%
Operating Profit $128.6M $87.38M -$5.628M
YoY Change -304.74% -601.68% -52.49%
Interest Expense -$15.22M $12.56M $12.74M
YoY Change -243.1% 79.25% 75.0%
% of Operating Profit -11.84% 14.37%
Other Income/Expense, Net $651.0K -$574.0K -$226.0K
YoY Change -676.11% -314.98% -177.4%
Pretax Income $113.4M $69.09M -$13.00M
YoY Change -267.2% -467.84% -2.75%
Income Tax $7.000K $52.00K $4.000K
% Of Pretax Income 0.01% 0.08%
Net Earnings $113.4M $69.04M -$13.00M
YoY Change -268.41% -467.55% -2.72%
Net Earnings / Revenue 47.89% 36.68% -12.81%
Basic Earnings Per Share $2.30 $1.39 -$0.26
Diluted Earnings Per Share $2.280M $1.38 -$0.26
COMMON SHARES
Basic Shares Outstanding 49.70M 49.60M 49.57M
Diluted Shares Outstanding 49.74M 49.88M 49.57M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $254.5M $230.7M $74.55M
YoY Change 133.67% 96.49% -52.27%
Cash & Equivalents $174.5M $230.7M $74.55M
Short-Term Investments $80.00M
Other Short-Term Assets $16.18M $14.85M $41.77M
YoY Change 0.32% -58.18% 344.33%
Inventory $873.0K $804.0K $2.335M
Prepaid Expenses
Receivables $230.1M $181.9M $120.5M
Other Receivables $7.891M $6.779M $7.368M
Total Short-Term Assets $509.6M $435.0M $246.5M
YoY Change 122.72% 104.89% 11.33%
LONG-TERM ASSETS
Property, Plant & Equipment $1.892B $1.724B $1.773B
YoY Change -0.91% 63.27% 61.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $38.11M $39.83M $183.4M
YoY Change -78.52% -73.37% 19.53%
Other Assets $20.69M $14.91M $12.04M
YoY Change 480.25% 98.24% 105.5%
Total Long-Term Assets $1.950B $1.929B $2.120B
YoY Change -11.87% 47.66% 59.33%
TOTAL ASSETS
Total Short-Term Assets $509.6M $435.0M $246.5M
Total Long-Term Assets $1.950B $1.929B $2.120B
Total Assets $2.460B $2.364B $2.367B
YoY Change 0.74% 55.66% 52.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $45.59M $38.24M $56.12M
YoY Change -7.12% 29.82% 129.04%
Accrued Expenses $8.323M $9.875M $10.77M
YoY Change 23.96% 36.66% 38.04%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $167.0M $160.8M $178.4M
YoY Change -24.38% 161.52% 190.15%
Total Short-Term Liabilities $220.9M $208.9M $245.3M
YoY Change -21.38% 104.58% 150.98%
LONG-TERM LIABILITIES
Long-Term Debt $900.5M $912.9M $943.0M
YoY Change 1.45% 105.35% 105.25%
Other Long-Term Liabilities $9.681M $1.590M $2.023M
YoY Change -23.78% -88.14% -85.68%
Total Long-Term Liabilities $910.2M $914.5M $945.1M
YoY Change 1.09% 99.68% 99.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $220.9M $208.9M $245.3M
Total Long-Term Liabilities $910.2M $914.5M $945.1M
Total Liabilities $1.131B $1.133B $1.201B
YoY Change -5.52% 98.3% 105.57%
SHAREHOLDERS EQUITY
Retained Earnings -$353.3M -$422.3M
YoY Change 14.71% 46.03%
Common Stock $1.584B $1.589B
YoY Change 23.89% 24.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.329B $1.231B $1.165B
YoY Change
Total Liabilities & Shareholders Equity $2.460B $2.364B $2.367B
YoY Change 0.74% 55.66% 52.48%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $113.4M $69.04M -$13.00M
YoY Change -268.41% -467.55% -2.72%
Depreciation, Depletion And Amortization $27.89M $27.26M $27.00M
YoY Change 8.06% 59.59% 61.16%
Cash From Operating Activities $91.36M $34.63M -$19.78M
YoY Change -444.54% -2381.03% -5.83%
INVESTING ACTIVITIES
Capital Expenditures -$33.97M -$15.93M $3.000M
YoY Change 67.63% -23.78% -185.71%
Acquisitions
YoY Change
Other Investing Activities -$78.54M $195.1M $23.73M
YoY Change -149.88% 5929.51% 23630.0%
Cash From Investing Activities -$112.5M $179.2M -$14.65M
YoY Change -182.0% -1114.34% 328.71%
FINANCING ACTIVITIES
Cash Dividend Paid $6.000M $6.000M $3.000M
YoY Change 100.0% 252.94% 78.47%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $35.28M
YoY Change 129.55%
Cash From Financing Activities -35.04M -57.69M 11.10M
YoY Change -68.62% 193.91% -158.88%
NET CHANGE
Cash From Operating Activities 91.36M 34.63M -19.78M
Cash From Investing Activities -112.5M 179.2M -14.65M
Cash From Financing Activities -35.04M -57.69M 11.10M
Net Change In Cash -56.19M 156.1M -23.33M
YoY Change 5675.44% -502.23% -46.09%
FREE CASH FLOW
Cash From Operating Activities $91.36M $34.63M -$19.78M
Capital Expenditures -$33.97M -$15.93M $3.000M
Free Cash Flow $125.3M $50.56M -$22.78M
YoY Change -2104.53% 160.83% 30.13%

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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-18782000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
56091000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-32147000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
52000
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
56000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
69036000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-18783000
us-gaap Net Income Loss
NetIncomeLoss
56035000
us-gaap Net Income Loss
NetIncomeLoss
-32148000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49602181
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28051946
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49586847
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28037957
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49878645
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28051946
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28037957
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.39
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.67
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.13
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.15
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.38
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.67
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.15
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
3497000
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-18783000
us-gaap Profit Loss
ProfitLoss
56035000
us-gaap Profit Loss
ProfitLoss
-32148000
CY2022Q2 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
966000
CY2021Q2 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
-461000
us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
11728000
us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
9822000
CY2022Q2 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
-73000
CY2021Q2 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
7000
us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
-99000
us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
15000
us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
15000
CY2022Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
489000
CY2022Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
489000
CY2021Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-55000
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
660000
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-111000
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-111000
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1528000
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1528000
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-523000
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-523000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
12487000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
12487000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9696000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9696000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
70564000
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-19306000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
68522000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
68522000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-22452000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-22452000
us-gaap Profit Loss
ProfitLoss
56035000
us-gaap Profit Loss
ProfitLoss
56035000
us-gaap Profit Loss
ProfitLoss
-32148000
us-gaap Profit Loss
ProfitLoss
-32148000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
54256000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
54256000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
33833000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
33833000
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1697000
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1697000
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
3497000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1955000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1955000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1077000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1077000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
684000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
684000
insw Deferred Financing Costs Write Off
DeferredFinancingCostsWriteOff
261000
insw Deferred Financing Costs Write Off
DeferredFinancingCostsWriteOff
0
us-gaap Share Based Compensation
ShareBasedCompensation
2728000
us-gaap Share Based Compensation
ShareBasedCompensation
2263000
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
10017000
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
10843000
insw Registration Statement Costs Write Offs Operating Activities
RegistrationStatementCostsWriteOffsOperatingActivities
0
insw Registration Statement Costs Write Offs Operating Activities
RegistrationStatementCostsWriteOffsOperatingActivities
694000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
327000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-831000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-519000
us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
-9512000
insw Allocated General And Administrative Expenses Recorded As Capital Contributions
AllocatedGeneralAndAdministrativeExpensesRecordedAsCapitalContributions
2250000
insw Allocated General And Administrative Expenses Recorded As Capital Contributions
AllocatedGeneralAndAdministrativeExpensesRecordedAsCapitalContributions
3625000
insw Payments For Drydocking
PaymentsForDrydocking
25789000
insw Payments For Drydocking
PaymentsForDrydocking
14720000
us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
2035000
us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
710000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
74809000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
7619000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
0
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-2995000
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
5549000
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-1242000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
14845000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-22518000
insw Payment To Acquire Vessels And Vessels Improvements
PaymentToAcquireVesselsAndVesselsImprovements
53801000
insw Payment To Acquire Vessels And Vessels Improvements
PaymentToAcquireVesselsAndVesselsImprovements
24130000
insw Proceeds From Costs Sale Of Property Plant And Equipment
ProceedsFromCostsSaleOfPropertyPlantAndEquipment
79614000
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
271000
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
140069000
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
164535000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-21065000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
641050000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
556000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
49000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
717913000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
30742000
insw Proceeds From Sale And Leaseback Financing Net Of Issuance And Deferred Financing Costs
ProceedsFromSaleAndLeasebackFinancingNetOfIssuanceAndDeferredFinancingCosts
60076000
insw Proceeds From Sale And Leaseback Financing Net Of Issuance And Deferred Financing Costs
ProceedsFromSaleAndLeasebackFinancingNetOfIssuanceAndDeferredFinancingCosts
0
insw Payments Of Sale And Leaseback Financing
PaymentsOfSaleAndLeasebackFinancing
18816000
insw Payments Of Sale And Leaseback Financing
PaymentsOfSaleAndLeasebackFinancing
0
us-gaap Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
0
us-gaap Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
2623000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
717000
us-gaap Payments Of Dividends
PaymentsOfDividends
8941000
us-gaap Payments Of Dividends
PaymentsOfDividends
3369000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1493000
insw Deferred Financing Costs Write Off
DeferredFinancingCostsWriteOff
261000
us-gaap Share Based Compensation
ShareBasedCompensation
2263000
insw Registration Statement Costs Write Offs Operating Activities
RegistrationStatementCostsWriteOffsOperatingActivities
0
insw Registration Statement Costs Write Offs Operating Activities
RegistrationStatementCostsWriteOffsOperatingActivities
694000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
327000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-831000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
11175000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-519000
us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
-9512000
insw Allocated General And Administrative Expenses Recorded As Capital Contributions
AllocatedGeneralAndAdministrativeExpensesRecordedAsCapitalContributions
2250000
insw Allocated General And Administrative Expenses Recorded As Capital Contributions
AllocatedGeneralAndAdministrativeExpensesRecordedAsCapitalContributions
3625000
us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
710000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
74809000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
7619000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
0
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-2995000
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
5549000
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-1242000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
14845000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-22518000
insw Payment To Acquire Vessels And Vessels Improvements
PaymentToAcquireVesselsAndVesselsImprovements
53801000
insw Payment To Acquire Vessels And Vessels Improvements
PaymentToAcquireVesselsAndVesselsImprovements
24130000
insw Proceeds From Costs Sale Of Property Plant And Equipment
ProceedsFromCostsSaleOfPropertyPlantAndEquipment
79614000
insw Proceeds From Costs Sale Of Property Plant And Equipment
ProceedsFromCostsSaleOfPropertyPlantAndEquipment
3431000
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
509000
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
271000
insw Payments To Repayments From Advances To Affiliate
PaymentsToRepaymentsFromAdvancesToAffiliate
838000
insw Payments To Repayments From Advances To Affiliate
PaymentsToRepaymentsFromAdvancesToAffiliate
95000
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
140069000
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
164535000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-21065000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
641050000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
556000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
49000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
717913000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
30742000
insw Proceeds From Sale And Leaseback Financing Net Of Issuance And Deferred Financing Costs
ProceedsFromSaleAndLeasebackFinancingNetOfIssuanceAndDeferredFinancingCosts
60076000
insw Proceeds From Sale And Leaseback Financing Net Of Issuance And Deferred Financing Costs
ProceedsFromSaleAndLeasebackFinancingNetOfIssuanceAndDeferredFinancingCosts
0
insw Payments Of Sale And Leaseback Financing
PaymentsOfSaleAndLeasebackFinancing
18816000
insw Payments Of Sale And Leaseback Financing
PaymentsOfSaleAndLeasebackFinancing
0
us-gaap Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
0
us-gaap Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
2623000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
717000
us-gaap Payments Of Dividends
PaymentsOfDividends
8941000
us-gaap Payments Of Dividends
PaymentsOfDividends
3369000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1493000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1030000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-46593000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1030000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-46593000
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
9478000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-38530000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
132787000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-82113000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
98933000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
215677000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
231720000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
133564000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1170332000
us-gaap Profit Loss
ProfitLoss
56035000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
12487000
us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
8941000
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
1493000
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
538000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1231148000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
972042000
us-gaap Profit Loss
ProfitLoss
-32148000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9696000
us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
3369000
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
1030000
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
611000
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
947454000
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1165450000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
69036000
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1528000
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
5963000
CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
523000
CY2022Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
227000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1231148000
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
967763000
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-18783000
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-523000
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
1688000
CY2021Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
541000
CY2021Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
318000
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
50674393
CY2021Q3 insw Asset Acquisition Special Dividends
AssetAcquisitionSpecialDividends
31500000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-style:italic;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><i style="font-style:italic;">Concentration of Credit Risk</i> <b style="font-weight:bold;">— </b>The allowance for credit losses is recognized as an allowance or contra-asset and reflects our best estimate of probable losses inherent in the voyage receivables balance. Activity for allowance for credit losses is summarized as follows:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:77.87%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;width:1.89%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;white-space:nowrap;width:1.89%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;width:18.32%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:77.87%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><i style="font-style:italic;">(Dollars in thousands)</i></p></td><td style="vertical-align:middle;width:1.89%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:1.89%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:middle;width:18.32%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Allowance for Credit Losses - <br/>Voyage Receivables</p></td></tr><tr><td style="vertical-align:middle;width:77.87%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Balance at December 31, 2021</p></td><td style="vertical-align:middle;width:1.89%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:1.89%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:18.32%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 31</p></td></tr><tr><td style="vertical-align:middle;width:77.87%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Provision for expected credit losses</p></td><td style="vertical-align:middle;width:1.89%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:1.89%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:18.32%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 37</p></td></tr><tr><td style="vertical-align:middle;width:77.87%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Balance at June 30, 2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:1.89%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:1.89%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:middle;white-space:nowrap;width:18.32%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 68</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">During the three and six months ended June 30, 2022 and 2021, the Company did not have any individual customers who accounted for 10% or more of its revenues apart from the pools in which it participates. The pools in which the Company participates accounted in aggregate for 97% and 93% of consolidated voyage receivables at June 30, 2022 and December 31, 2021, respectively.</p>
insw Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-32154000
CY2022Q2 insw Participating Securities Distributed And Undistributed Earnings Loss Basic And Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasicAndDiluted
97000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-38530000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
132787000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-82113000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
98933000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
215677000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
231720000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
133564000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1170332000
us-gaap Profit Loss
ProfitLoss
56035000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
12487000
us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
8941000
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
1493000
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
538000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1231148000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
972042000
us-gaap Profit Loss
ProfitLoss
-32148000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9696000
us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
3369000
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
1030000
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
611000
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
947454000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1231148000
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
967763000
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-18783000
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-523000
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
1688000
CY2021Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
541000
CY2021Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
318000
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
947454000
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
188197000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1700000
CY2021Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
500000
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
50674393
CY2021Q3 insw Asset Acquisition Special Dividends
AssetAcquisitionSpecialDividends
31500000
CY2021Q3 insw Asset Acquisition Special Dividends Per Share Costs
AssetAcquisitionSpecialDividendsPerShareCosts
1.12
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1100000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1100000
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-style:italic;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><i style="font-style:italic;">Concentration of Credit Risk</i> <b style="font-weight:bold;">— </b>The allowance for credit losses is recognized as an allowance or contra-asset and reflects our best estimate of probable losses inherent in the voyage receivables balance. Activity for allowance for credit losses is summarized as follows:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:77.87%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;width:1.89%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;white-space:nowrap;width:1.89%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;width:18.32%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:77.87%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><i style="font-style:italic;">(Dollars in thousands)</i></p></td><td style="vertical-align:middle;width:1.89%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:1.89%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:middle;width:18.32%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Allowance for Credit Losses - <br/>Voyage Receivables</p></td></tr><tr><td style="vertical-align:middle;width:77.87%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Balance at December 31, 2021</p></td><td style="vertical-align:middle;width:1.89%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:1.89%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:18.32%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 31</p></td></tr><tr><td style="vertical-align:middle;width:77.87%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Provision for expected credit losses</p></td><td style="vertical-align:middle;width:1.89%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:1.89%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:18.32%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 37</p></td></tr><tr><td style="vertical-align:middle;width:77.87%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Balance at June 30, 2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:1.89%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:1.89%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:middle;white-space:nowrap;width:18.32%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 68</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">During the three and six months ended June 30, 2022 and 2021, the Company did not have any individual customers who accounted for 10% or more of its revenues apart from the pools in which it participates. The pools in which the Company participates accounted in aggregate for 97% and 93% of consolidated voyage receivables at June 30, 2022 and December 31, 2021, respectively.</p>
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
31000
insw Reversal Provision For Loan And Lease Losses
ReversalProvisionForLoanAndLeaseLosses
-37000
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
68000
CY2022Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1100000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
31000
insw Reversal Provision For Loan And Lease Losses
ReversalProvisionForLoanAndLeaseLosses
-37000
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
68000
CY2022Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1100000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1700000
CY2021Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
500000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1000000.0
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
400000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
700000
CY2022Q2 insw Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
68939000
CY2021Q2 insw Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-18785000
insw Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
55947000
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
400000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
700000
CY2022Q2 insw Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
68939000
CY2021Q2 insw Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-18785000
insw Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
55947000
insw Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-32154000
CY2022Q2 insw Participating Securities Distributed And Undistributed Earnings Loss Basic And Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasicAndDiluted
97000
insw Participating Securities Distributed And Undistributed Earnings Loss Basic And Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasicAndDiluted
88000
insw Participating Securities Distributed And Undistributed Earnings Loss Basic And Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasicAndDiluted
6000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
69036000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-18783000
us-gaap Net Income Loss
NetIncomeLoss
56035000
us-gaap Net Income Loss
NetIncomeLoss
-32148000
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
276464
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
168029
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
27256000
CY2022Q2 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
8102000
CY2022Q2 insw Operating Income Loss Allocable To Segments
OperatingIncomeLossAllocableToSegments
91027000
CY2022Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-5162000
CY2022Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures Fair Value Disclosure
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure
39832000
CY2021Q2 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-4005000
CY2021Q2 insw Operating Income Loss Allocable To Segments
OperatingIncomeLossAllocableToSegments
-6101000
CY2021Q2 insw Participating Securities Distributed And Undistributed Earnings Loss Basic And Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasicAndDiluted
2000
insw Participating Securities Distributed And Undistributed Earnings Loss Basic And Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasicAndDiluted
88000
insw Participating Securities Distributed And Undistributed Earnings Loss Basic And Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasicAndDiluted
6000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
69036000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-18783000
us-gaap Net Income Loss
NetIncomeLoss
56035000
us-gaap Net Income Loss
NetIncomeLoss
-32148000
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
276464
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
168029
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
188197000
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
27256000
CY2022Q2 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
8102000
CY2022Q2 insw Operating Income Loss Allocable To Segments
OperatingIncomeLossAllocableToSegments
91027000
CY2022Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-5162000
CY2022Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures Fair Value Disclosure
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure
39832000
CY2022Q2 insw Adjusted Assets
AdjustedAssets
2115427000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
46304000
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
17079000
CY2021Q2 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-4005000
CY2021Q2 insw Operating Income Loss Allocable To Segments
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CY2021Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5375000
CY2021Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures Fair Value Disclosure
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure
149580000
CY2021Q2 insw Adjusted Assets
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1374117000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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289679000
us-gaap Depreciation Depletion And Amortization
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54256000
insw Operating Income Loss Allocable To Segments
OperatingIncomeLossAllocableToSegments
94376000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
435000
us-gaap Payments For Proceeds From Productive Assets
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53801000
insw Payments For Drydocking
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25789000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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93060000
us-gaap Depreciation Depletion And Amortization
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33833000
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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-4016000
insw Operating Income Loss Allocable To Segments
OperatingIncomeLossAllocableToSegments
-9754000
CY2022Q2 us-gaap Revenue Not From Contract With Customer Other
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185539000
CY2021Q2 us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
44718000
us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
283514000
us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
89887000
CY2022Q2 insw Voyage Expenses
VoyageExpenses
2658000
CY2021Q2 insw Voyage Expenses
VoyageExpenses
1586000
insw Voyage Expenses
VoyageExpenses
6165000
insw Voyage Expenses
VoyageExpenses
3173000
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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188197000
CY2021Q2 insw Adjusted Assets
AdjustedAssets
1374117000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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289679000
us-gaap Depreciation Depletion And Amortization
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54256000
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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9478000
insw Payments For Drydocking
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25789000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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93060000
us-gaap Depreciation Depletion And Amortization
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33833000
insw Operating Income Loss Allocable To Segments
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us-gaap Income Loss From Equity Method Investments
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10843000
us-gaap Payments For Proceeds From Productive Assets
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24130000
insw Payments For Drydocking
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14720000
CY2022Q2 us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
185539000
us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
283514000
us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
89887000
CY2022Q2 insw Voyage Expenses
VoyageExpenses
2658000
insw Voyage Expenses
VoyageExpenses
6165000
insw Voyage Expenses
VoyageExpenses
3173000
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
188197000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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46304000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
289679000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
93060000
CY2022Q2 insw Operating Income Loss Allocable To Segments
OperatingIncomeLossAllocableToSegments
91027000
CY2021Q2 insw Operating Income Loss Allocable To Segments
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-6101000
CY2022Q2 us-gaap General And Administrative Expense
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10847000
CY2021Q2 us-gaap General And Administrative Expense
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6831000
CY2022Q2 us-gaap Recapitalization Costs
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900000
CY2021Q2 us-gaap Recapitalization Costs
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0
CY2021Q2 insw Asset Acquisition Transaction Cost
AssetAcquisitionTransactionCost
481000
CY2022Q2 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
8102000
CY2021Q2 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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-4005000
CY2022Q2 us-gaap Operating Income Loss
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87382000
CY2021Q2 us-gaap Operating Income Loss
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-17418000
CY2022Q2 us-gaap Income Loss From Equity Method Investments
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-5162000
CY2021Q2 us-gaap Income Loss From Equity Method Investments
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5375000
CY2022Q2 us-gaap Other Nonoperating Income Expense
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CY2021Q2 us-gaap Other Nonoperating Income Expense
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267000
CY2022Q2 us-gaap Interest Expense
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12558000
CY2021Q2 us-gaap Interest Expense
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7006000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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46304000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
289679000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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93060000
CY2022Q2 us-gaap General And Administrative Expense
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10847000
CY2021Q2 us-gaap General And Administrative Expense
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6831000
CY2022Q2 us-gaap Recapitalization Costs
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900000
CY2021Q2 us-gaap Recapitalization Costs
RecapitalizationCosts
0
CY2021Q2 insw Asset Acquisition Transaction Cost
AssetAcquisitionTransactionCost
481000
CY2022Q2 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
8102000
CY2021Q2 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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-4005000
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
87382000
CY2021Q2 us-gaap Operating Income Loss
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-17418000
CY2022Q2 us-gaap Other Nonoperating Income Expense
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-574000
CY2021Q2 us-gaap Other Nonoperating Income Expense
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267000
CY2022Q2 us-gaap Interest Expense
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CY2021Q2 us-gaap Interest Expense
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7006000
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
69088000
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-18782000
CY2022Q2 insw Adjusted Assets
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2115427000
CY2021Q2 insw Adjusted Assets
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1374117000
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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230666000
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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117391000
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
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1054000
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
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16173000
CY2022Q2 us-gaap Other Assets
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17094000
CY2021Q2 us-gaap Other Assets
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11184000
CY2022Q2 us-gaap Assets
Assets
2364241000
CY2021Q2 us-gaap Assets
Assets
1518865000
CY2022Q1 us-gaap Loss On Contract Termination
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700000
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
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3000000.0
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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69088000
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-18782000
CY2022Q2 insw Adjusted Assets
AdjustedAssets
2115427000
CY2021Q2 insw Adjusted Assets
AdjustedAssets
1374117000
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
230666000
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
117391000
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
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1054000
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
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16173000
CY2022Q2 us-gaap Other Assets
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17094000
CY2021Q2 us-gaap Other Assets
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11184000
CY2022Q2 us-gaap Assets
Assets
2364241000
CY2021Q2 us-gaap Assets
Assets
1518865000
CY2022Q1 us-gaap Loss On Contract Termination
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700000
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
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3000000.0
CY2022Q2 insw Number Of Joint Ventures
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2
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
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1100000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
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1100000
CY2022Q2 us-gaap Derivative Notional Amount
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358600000
CY2022Q2 us-gaap Proceeds From Hedge Financing Activities
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9600000
CY2022Q2 us-gaap Derivative Gain Loss On Derivative Net
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4600000
CY2021Q4 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
2100000
CY2022Q2 us-gaap Debt Instrument Face Amount
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750000000
CY2022Q2 insw Number Of Joint Ventures
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2
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
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1100000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1100000
CY2022Q2 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
358600000
CY2021Q4 us-gaap Derivative Gain Loss On Derivative Net
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2100000
CY2022Q1 insw Assets Held For Sale Long Lived And Property Plant And Equipment Fair Value Disclosure
AssetsHeldForSaleLongLivedAndPropertyPlantAndEquipmentFairValueDisclosure
27000000.0
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
1073690000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1104985000
CY2022Q2 us-gaap Long Term Debt Current
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160790000
CY2021Q4 us-gaap Long Term Debt Current
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178715000
CY2022Q2 us-gaap Long Term Debt Noncurrent
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912900000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
926270000
us-gaap Debt Instrument Covenant Compliance
DebtInstrumentCovenantCompliance
The Company was in compliance with the financial and non-financial covenants under all of its financing arrangements as of June 30, 2022.
CY2022Q2 insw Debt Instrument Covenant Minimum Liquidity Level Threshold Amount
DebtInstrumentCovenantMinimumLiquidityLevelThresholdAmount
50000000
insw Debt Instrument Covenant Threshold Percentage Of Consolidated Indebtedness
DebtInstrumentCovenantThresholdPercentageOfConsolidatedIndebtedness
0.05
insw Debt Instrument Threshold Leverage Ratio
DebtInstrumentThresholdLeverageRatio
0.0060
CY2022Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
13300000
us-gaap Interest Expense Debt
InterestExpenseDebt
26600000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1104985000
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
160790000
CY2021Q4 us-gaap Long Term Debt Current
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178715000
CY2022Q2 us-gaap Long Term Debt Noncurrent
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912900000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
926270000
us-gaap Debt Instrument Covenant Compliance
DebtInstrumentCovenantCompliance
The Company was in compliance with the financial and non-financial covenants under all of its financing arrangements as of June 30, 2022.
CY2022Q2 insw Debt Instrument Covenant Minimum Liquidity Level Threshold Amount
DebtInstrumentCovenantMinimumLiquidityLevelThresholdAmount
50000000
insw Debt Instrument Covenant Threshold Percentage Of Consolidated Indebtedness
DebtInstrumentCovenantThresholdPercentageOfConsolidatedIndebtedness
0.05
insw Debt Instrument Threshold Leverage Ratio
DebtInstrumentThresholdLeverageRatio
0.0060
CY2022Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
13300000
us-gaap Interest Expense Debt
InterestExpenseDebt
26600000
CY2021Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
6900000
us-gaap Interest Expense Debt
InterestExpenseDebt
14100000
CY2022Q2 us-gaap Interest Paid Net
InterestPaidNet
10800000
us-gaap Interest Paid Net
InterestPaidNet
22600000
us-gaap Interest Paid Net
InterestPaidNet
12300000
CY2022Q1 insw Gains Losses On Repurchase And Extinguishment Of Debt
GainsLossesOnRepurchaseAndExtinguishmentOfDebt
-100000
CY2022Q2 insw Gains Losses On Repurchase And Extinguishment Of Debt
GainsLossesOnRepurchaseAndExtinguishmentOfDebt
-200000
CY2022Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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-907000
CY2021Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
6900000
CY2021Q2 us-gaap Interest Paid Net
InterestPaidNet
6000000.0
us-gaap Interest Paid Net
InterestPaidNet
12300000
CY2022Q1 insw Gains Losses On Repurchase And Extinguishment Of Debt
GainsLossesOnRepurchaseAndExtinguishmentOfDebt
-100000
CY2022Q2 insw Gains Losses On Repurchase And Extinguishment Of Debt
GainsLossesOnRepurchaseAndExtinguishmentOfDebt
-200000
CY2022Q1 us-gaap Dividends Payable Date Declared Day Month And Year
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2022-02-28
CY2021Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
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2022-03-14
CY2022Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-06-17
CY2021Q2 insw Stock Repurchased Per Share Amount
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19.23
insw Stock Repurchased Per Share Amount
StockRepurchasedPerShareAmount
20.21
CY2020Q3 us-gaap Stock Repurchase Program Authorized Amount1
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50000000.0
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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33300000
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
CY2021Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
CY2022Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
6738000
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
7497000
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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127000
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2021Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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2970000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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796000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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5973000
us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
-881000
insw Lease Cancellation Period Notice
LeaseCancellationPeriodNotice
P90D
CY2022Q2 us-gaap Revenues
Revenues
188197000
CY2021Q2 us-gaap Revenues
Revenues
46304000
us-gaap Revenues
Revenues
289679000
CY2022Q2 us-gaap Unusual Or Infrequent Item Insurance Proceeds
UnusualOrInfrequentItemInsuranceProceeds
900000
CY2022Q1 us-gaap Dividends Payable Date Declared Day Month And Year
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2022-02-28
CY2022Q1 us-gaap Dividends Payable Amount Per Share
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0.06
CY2022Q1 us-gaap Payments Of Dividends
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3000000.0
CY2022Q1 us-gaap Dividend Payable Date To Be Paid Day Month And Year
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2022-03-28
CY2021Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
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2022-03-14
CY2022Q2 us-gaap Dividends Payable Date Declared Day Month And Year
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2022-06-07
CY2022Q2 us-gaap Dividends Payable Amount Per Share
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0.12
CY2022Q2 us-gaap Payments Of Dividends
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6000000.0
CY2022Q2 us-gaap Dividend Payable Date To Be Paid Day Month And Year
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2022-06-29
CY2022Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
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2022-06-17
CY2022Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-09-14
CY2021Q2 us-gaap Stock Repurchased During Period Shares
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28145
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
50975
CY2021Q2 insw Stock Repurchased Per Share Amount
StockRepurchasedPerShareAmount
19.23
insw Stock Repurchased Per Share Amount
StockRepurchasedPerShareAmount
20.21
CY2020Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000.0
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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33300000
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
CY2021Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
CY2022Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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33300000
CY2022Q2 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
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6865000
CY2021Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
-4863000
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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6738000
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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7497000
CY2022Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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-907000
CY2021Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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2970000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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796000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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5973000
us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
-881000
insw Lease Cancellation Period Notice
LeaseCancellationPeriodNotice
P90D
CY2022Q2 us-gaap Revenues
Revenues
188197000
CY2021Q2 us-gaap Revenues
Revenues
46304000
us-gaap Revenues
Revenues
289679000
us-gaap Revenues
Revenues
93060000
CY2022Q2 us-gaap Unusual Or Infrequent Item Insurance Proceeds
UnusualOrInfrequentItemInsuranceProceeds
900000
CY2021Q1 us-gaap Unusual Or Infrequent Item Insurance Proceeds
UnusualOrInfrequentItemInsuranceProceeds
500000
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
2306000
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
225000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0
CY2022Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
3258000
CY2022Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
577000
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
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0
CY2021Q2 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
0
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
0
CY2022Q2 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
0
CY2022Q2 us-gaap Capitalized Contract Cost Gross
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0
insw Number Of Major Categories Of Leases
NumberOfMajorCategoriesOfLeases
2
CY2022Q2 us-gaap Lease Cost
LeaseCost
4285000
CY2021Q2 us-gaap Lease Cost
LeaseCost
3841000
us-gaap Lease Cost
LeaseCost
8452000
us-gaap Lease Cost
LeaseCost
7478000
us-gaap Operating Lease Payments
OperatingLeasePayments
5035000
us-gaap Operating Lease Payments
OperatingLeasePayments
5522000
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
20917000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
23168000
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9875000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
8393000
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
9172000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
12522000
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
19047000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
20915000
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0516
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
2306000
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
225000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0
CY2022Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
577000
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0
CY2021Q2 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
0
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
0
CY2022Q2 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
0
insw Number Of Major Categories Of Leases
NumberOfMajorCategoriesOfLeases
2
CY2022Q2 us-gaap Lease Cost
LeaseCost
4285000
CY2021Q2 us-gaap Lease Cost
LeaseCost
3841000
us-gaap Lease Cost
LeaseCost
8452000
us-gaap Lease Cost
LeaseCost
7478000
us-gaap Operating Lease Payments
OperatingLeasePayments
5035000
us-gaap Operating Lease Payments
OperatingLeasePayments
5522000
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
20917000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
23168000
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
9172000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
12522000
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
19047000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
20915000
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0516
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0542

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