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CONDENSED COMBINED FINANCIAL STATEMENTS OF DEBTOR SUBSIDIARIES (Details 1) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Shipping Revenues:      
Pool revenues $ 241,314 $ 245,028 $ 355,915
Time and bareboat charter revenues 299,267 267,159 276,636
Voyage charter revenues 583,253 537,344 413,059
Sunoco Termination Fee 13,300 0 0
Shipping revenues 1,137,134 1,049,531 1,045,610
Operating Expenses:      
Voyage expenses 296,288 259,330 192,332
Vessel expenses 285,023 287,610 265,251
Charter hire expenses 370,405 383,940 369,667
Depreciation and amortization 201,284 179,721 170,670
General and administrative 88,845 83,178 100,424
Loss on disposal of vessels, including impairments 271,359 (2,060) 28,622
Total Operating Expenses 1,516,367 1,191,719 1,124,905
Loss from Vessel Operations (379,233) (142,188) (79,295)
Equity in Income of Affiliated Companies 33,486 20,555 3,593
Operating Loss (345,747) (121,633) (75,702)
Other Income/(Expense) (1,314) 2,154 1,047
Loss before Interest Expense, Reorganization Items and Income Taxes (347,061) (119,479) (74,655)
Interest Expense (93,421) (79,898) (67,044)
Loss before Reorganization Items and Income Taxes (440,482) (199,377) (141,699)
Reorganization Items, net (41,113) 0 0
Loss before Income Taxes (481,595) (199,377) (141,699)
Income Tax Benefit 1,481 (1,986) 19,157
Net Loss (480,114) (201,363) [1] (122,542) [1]
Combined Debtor Entities [Member]
     
Shipping Revenues:      
Pool revenues 240,487    
Time and bareboat charter revenues 299,220    
Voyage charter revenues 583,253    
Sunoco Termination Fee 13,300    
Shipping revenues 1,136,260    
Operating Expenses:      
Voyage expenses 297,652    
Vessel expenses 283,858    
Charter hire expenses 368,298    
Depreciation and amortization 201,670    
General and administrative 66,544    
Loss on disposal of vessels, including impairments 271,295    
Total Operating Expenses 1,489,317    
Loss from Vessel Operations (353,057)    
Equity in Income of Affiliated Companies 33,486    
Operating Loss (319,571)    
Other Income/(Expense) (21,684)    
Loss before Interest Expense, Reorganization Items and Income Taxes (341,255)    
Interest Expense (93,421)    
Loss before Reorganization Items and Income Taxes (434,676)    
Reorganization Items, net (41,113)    
Loss before Income Taxes (475,789)    
Income Tax Benefit 1,485    
Net Loss $ (474,304)    
[1] Net loss has been restated for 2011 and 2010 as more fully described in Note 2 “Company Inquiry and Restatement.”