This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Overseas Shipholding Group Reports First Quarter 2011 Results

Stocks in this article: OSG

Consolidated Balance Sheets

($ in thousands)   Mar. 31,


  Dec. 31,


Current Assets:
Cash and cash equivalents $257,681 $253,649
Short-term investments 20,047 20,047
Voyage receivables 170,576 160,993
Other receivables, including income taxes recoverable 59,827 99,611
Inventories, prepaid expenses and other current assets 74,687   60,577
Total Current Assets 582,818 594,877
Vessels and other property, including construction in progress of $737,825 and $806,818,

less accumulated depreciation

3,218,736 3,195,383
Vessels held for sale


Deferred drydock expenditures, net 43,109   46,827
Total Vessels, Deferred Drydock and Other Property 3,261,845   3,245,515
Investments in affiliated companies 277,185 265,096
Intangible assets, less accumulated amortization 81,842 83,137
Goodwill 9,589 9,589
Other assets 53,563   42,889
Total Assets $4,266,842   $4,241,103
Current Liabilities:
Accounts payable, accrued expenses and other current liabilities $127,126 $129,178
Current installments of long-term debt 50,844   44,607
Total Current Liabilities 177,970 173,785
Long-term debt 2,010,130 1,941,583
Deferred gain on sale and leaseback of vessels 31,297 40,876
Deferred income taxes and other liabilities 273,961   274,716
Total Liabilities 2,493,358 2,430,960
Overseas Shipholding Group, Inc.’s equity 1,773,484   1,810,143
Total Equity 1,773,484   1,810,143
Total Liabilities and Equity $4,266,842   $4,241,103

5 of 11

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,601.41 +244.54 1.41%
S&P 500 2,042.73 +29.84 1.48%
NASDAQ 4,713.6870 +69.3750 1.49%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs