XML 243 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 128,878 $ 129,005
Restricted cash 84 93
Inventory 3,656 2,686
Receivables due from related parties 166 315
Other current assets 25,061 11,791
Total current assets 157,845 143,890
Non-current assets    
Derivative instruments 109 636
Vessel purchase prepayments 289,600 349,472
Vessels and equipment, net 1,856,461 1,147,274
Other fixed assets 5 10
Total non-current assets 2,146,175 1,497,392
Total Assets 2,304,020 1,641,282
Current liabilities    
Current portion of long-term debt (64,466) (34,566)
Derivative instruments (23,434) (2,371)
Payables due to related parties (312) (96)
Accounts payable (3,373) (582)
Other current liabilities (40,247) (20,117)
Total current liabilities (131,832) (57,732)
Non-current liabilities    
Long-term debt (1,337,013) (744,283)
Other non-current liabilities 0 (2)
Total non-current liabilities (1,337,013) (744,285)
Total liabilities (1,468,845) (802,017)
Equity    
Share capital (2020: 54,110,584 (2019: 54,110,584) shares issued, par value $0.10 per share) (5,411) (5,411)
Treasury shares at cost (December 31, 2020: 202,797 (December 31, 2019: nil)) 1,661 0
Additional paid in capital (1,190,333) (1,190,049)
Accumulated deficit 358,908 356,195
Total equity (835,175) (839,265)
Total Liabilities and Equity $ (2,304,020) $ (1,641,282)