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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 134,551 $ 165,492
Investment in debt and equity securities 3,736 5,104
Due from related parties 5,201 3,532
Trade accounts receivable 36,821 41,190
Other current assets 66,010 29,267
Inventories 17,386 11,728
Prepaid expenses and accrued income 17,057 16,489
Investment in sales-type leases, current portion 35,135 20,640
Financial instruments at fair value, current portion 121 4,617
Total current assets 316,018 298,059
Vessels, rigs and equipment, net 3,552,298 2,654,733
Vessels under finance lease, net 0 573,454
Investment in sales-type leases, long-term portion 0 35,099
Investment in associated companies 16,382 16,473
Capital improvements in progress and newbuildings 162,254 86,058
Loans and long term receivables from related parties including associates 45,000 45,000
Financial instruments at fair value, long-term portion 15,523 13,608
Other long-term assets 294 8,905
Total assets 4,107,769 3,731,389
Current liabilities    
Short-term debt and current portion of long-term debt 689,045 432,918
Finance lease liability, current portion 0 419,341
Trade accounts payable 34,305 30,259
Accrued expenses 51,429 39,187
Financial instruments at fair value, current portion 14,884 12,366
Total current liabilities 827,857 969,195
Long-term liabilities    
Long-term debt 2,150,417 1,713,828
Financial instruments at fair value, long-term portion 103 8,965
Other long-term liabilities 970 4
Total liabilities 2,979,347 2,691,992
Stockholders’ equity    
Share capital 1,468 1,386
Additional paid-in capital 716,233 618,164
Treasury stock (10,174) (10,174)
Contributed surplus 417,684 424,562
Accumulated other comprehensive income 3,211 4,499
Retained earnings 0 960
Total stockholders' equity 1,128,422 1,039,397
Total liabilities and stockholders' equity 4,107,769 3,731,389
Related Party    
Current assets    
Due from related parties 5,201 3,532
Loans and long term receivables from related parties including associates 45,000 45,000
Current liabilities    
Other current liabilities 1,296 2,890
Nonrelated Party    
Current liabilities    
Other current liabilities $ 36,898 $ 32,234