This Day On The Street
Continue to site
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

Overseas Shipholding Group Reports First Quarter 2011 Results

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,776.35 -37.04 -0.21%
S&P 500 2,088.66 -0.21 -0.01%
NASDAQ 5,120.92 +4.7770 0.09%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs