XML 106 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current liabilities:    
Due to Seaspan Corporation (note 3) $ 3,567  
Share capital:    
Preferred shares, Value 0  
Common shares, Value 0  
Deficit (3,567)  
Total shareholders' equity (3,567)  
Subsequent events  
Seaspan [Member]    
Current assets:    
Cash and cash equivalents 195,000 $ 357,300
Short-term investments 0 2,500
Accounts receivable (note 4) 18,700 13,000
Prepaid expenses and other 31,700 36,500
Net investment in lease (note 5) 35,200 9,800
Fair value of financial instruments (note 20(c)) 100 100
Total current assets 280,700 419,200
Vessels (note 6) 5,707,100 5,926,300
Right-of-use asset (note 7) 957,200 0
Net investment in lease (note 5) 723,600 441,700
Goodwill 75,300 75,300
Other assets (note 8) 173,100 204,900
Total assets 7,917,000 7,067,400
Current liabilities:    
Accounts payable and accrued liabilities (note 16(a)) 83,400 70,200
Deferred revenue 20,300 21,300
Current portion of long-term debt (note 9) 363,700 722,600
Current portion of operating lease liabilities (note 10) 159,700 0
Current portion of long-term obligations under other financing arrangements (note 11) 134,600 48,400
Current portion of other long-term liabilities (note 12) 7,800 32,200
Total current liabilities 769,500 894,700
Long-term debt (note 9) 2,696,900 2,764,900
Operating lease liabilities (note 10) 782,600 0
Long-term obligations under other financing arrangements (note 11) 373,900 591,400
Other long-term liabilities (note 12) 11,200 181,100
Fair value of financial instruments (note 20(c)) 50,200 127,200
Total liabilities 4,684,300 4,559,300
Puttable preferred shares; $0.01 par value; nil issued and outstanding (2018 - 1,986,449) (note 3 and note 13) 0 48,100
Share capital:    
Preferred shares, Value 0 0
Common shares, Value 2,500 2,100
Treasury shares (400) (400)
Additional paid in capital 3,452,900 3,126,500
Deficit (200,700) (645,600)
Accumulated other comprehensive loss (21,600) (22,600)
Total shareholders' equity 3,232,700 2,460,000
Total liabilities and shareholders' equity 7,917,000 7,067,400
Commitments and contingencies (note 16)
Subsequent events