XML 11 R3.htm IDEA: XBRL DOCUMENT v3.20.2
Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current    
Cash and cash equivalents $ 120,872 $ 88,824
Restricted cash – current (note 16) 4,686 3,071
Accounts receivable 46,247 95,648
Assets held for sale (note 15) 0 65,458
Due from affiliates (note 13c) 3,323 697
Current portion of derivative assets (note 8) 0 577
Bunker and lube oil inventory 33,444 49,790
Prepaid expenses 13,561 10,288
Accrued revenue 29,410 106,872
Total current assets 251,543 421,225
Restricted cash – long-term (note 16) 3,437 3,437
At cost, less accumulated depreciation of $496.4 million (2019 - $537.1 million) (note 6) 1,131,742 1,223,085
Vessels related to finance leases, at cost, less accumulated depreciation of $126.9 million (2019 - $143.7 million) (note 7) 484,776 527,081
Operating lease right-of-use assets (note 7) 6,148 19,560
Total vessels and equipment 1,622,666 1,769,726
Investment in and advances to equity-accounted joint venture 28,635 28,112
Derivative Assets (note 8) 0 82
Other non-current assets 1,175 1,923
Intangible assets at cost, less accumulated amortization of $3.6 million (2019 - $3.2 million) 2,122 2,545
Goodwill 2,426 2,426
Consolidated total assets 1,912,004 2,229,476
Current    
Accounts payable 41,761 70,978
Accrued liabilities (notes 13c and 17) 41,511 59,735
Short-term debt (note 5) 20,000 50,000
Due to affiliates (note 13c) 2,932 2,139
Liabilities associated with assets held for sale (note 15) 0 2,980
Current portion of derivative liabilities (note 8) 755 86
Current portion of long-term debt (note 6) 10,962 43,573
Current obligations related to finance leases (note 7) 26,794 25,357
Current portion of operating lease liabilities (note 7) 7,602 16,290
Other current liabilities 3,696 8,567
Total current liabilities 156,013 279,705
Long-term debt (note 6) 204,103 516,106
Long-term obligations related to finance leases (note 7) 369,278 389,431
Long-term operating lease liabilities (note 7) 421 3,270
Derivative liabilities (note 8) 717 0
Other long-term liabilities (note 10) 29,683 51,044
Total liabilities 760,215 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 September 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) 1,298,821 1,297,555
Accumulated deficit (147,032) (307,635)
Total equity 1,151,789 989,920
Total liabilities and equity $ 1,912,004 $ 2,229,476