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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current    
Cash and cash equivalents $ 167,907 $ 88,824
Restricted cash – current (note 16) 4,766 3,071
Accounts receivable 88,663 95,648
Assets held for sale (note 15) 0 65,458
Due from affiliates (note 13c) 2,440 697
Current portion of derivative assets (note 8) 0 577
Bunker and lube oil inventory 30,885 49,790
Prepaid expenses 12,103 10,288
Accrued revenue 42,153 106,872
Total current assets 348,917 421,225
Restricted cash – long-term (note 16) 3,437 3,437
At cost, less accumulated depreciation of $563.8 million (2019 - $537.1 million) (note 6) 1,161,097 1,223,085
Vessels related to finance leases, at cost, less accumulated depreciation of $159.0 million (2019 - $143.7 million) (note 7) 511,879 527,081
Operating lease right-of-use assets (note 7) 10,758 19,560
Total vessels and equipment 1,683,734 1,769,726
Investment in and advances to equity-accounted joint venture 29,740 28,112
Derivative assets (note 8) 0 82
Other non-current assets 1,453 1,923
Intangible assets at cost, less accumulated amortization of $3.4 million (2019 - $3.2 million) 2,259 2,545
Goodwill 2,426 2,426
Total assets 2,071,966 2,229,476
Current    
Accounts payable 59,652 70,978
Accrued liabilities (note 13c) 40,360 59,735
Short-term debt (note 5) 10,000 50,000
Due to affiliates (note 13c) 2,091 2,139
Liabilities associated with assets held for sale (note 15) 0 2,980
Current portion of derivative liabilities (note 8) 414 86
Current portion of long-term debt (note 6) 27,549 43,573
Current obligations related to finance leases (note 7) 26,281 25,357
Current portion of operating lease liabilities (note 7) 10,986 16,290
Other current liabilities 8,485 8,567
Total current liabilities 185,818 279,705
Long-term debt (note 6) 285,389 516,106
Long-term obligations related to finance leases (note 7) 376,238 389,431
Long-term operating lease liabilities (note 7) 417 3,270
Other long-term liabilities (note 10) 27,516 51,044
Derivative liabilities (note 8) 789 0
Total liabilities 876,167 1,239,556
Equity    
Common stock and additional paid-in capital (585.0 million shares authorized, 29.1 million Class A and 4.6 million Class B shares issued and outstanding as of June 30, 2020 and 585.0 million shares authorized, 29.0 million Class A and 4.6 million Class B shares issued and outstanding as at December 31, 2019) (note 12) 1,298,397 1,297,555
Accumulated deficit (102,598) (307,635)
Total equity 1,195,799 989,920
Total liabilities and equity $ 2,071,966 $ 2,229,476