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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating revenues      
Time charter revenues $ 226,058 $ 121,091 $ 37,928
Voyage charter revenues 502,284 331,388 202,283
Finance lease interest income 2,194 577 0
Other income 23,770 5,878 1,615
Total operating revenues 754,306 458,934 241,826
Other operating (losses) gains (2,683) 108,923 68,989
Operating expenses      
Voyage expenses and commission 161,641 109,706 103,708
Contingent rental income (18,621) 0 0
Ship operating expenses 119,515 64,357 49,607
Charter hire expenses 67,846 43,387 0
Impairment loss on vessels and vessels held under capital lease 61,692 0 0
Provision for uncollectible receivable 4,000 0 0
Administrative expenses 37,026 10,582 4,943
Depreciation 141,043 52,607 31,845
Total operating expenses 574,142 280,639 190,103
Net operating income 177,481 287,218 120,712
Other income (expenses)      
Interest income 367 47 118
Interest expense (56,687) (17,621) (7,421)
Gain on sale of shares 0 0 16,850
Share of results from associated company and gain on equity interest 0 2,727 16,064
Impairment loss on shares (7,233) (10,507) 0
Foreign currency exchange gain 9 134 18
Gain (loss) on derivatives 3,718 (6,782) (8,779)
Other non-operating items, net 204 320 (148)
Net other (expenses) income (59,622) (31,682) 16,702
Net income before income taxes and non-controlling interest 117,859 255,536 137,414
Income tax expense (345) (150) 0
Net income from continuing operations 117,514 255,386 137,414
Net loss from discontinued operations 0 (131,006) (51,159)
Net income 117,514 124,380 86,255
Net (income) loss attributable to non-controlling interest (504) 30,244 63,214
Net income attributable to the Company $ 117,010 $ 154,624 $ 149,469
Loss per share attributable to Frontline Ltd. stockholders:      
Basic and diluted earnings per share attributable to the Company from continuing operations (in dollars per share) $ 0.75 $ 2.13 $ 1.10
Basic and diluted (loss) earnings per share attributable to the Company from discontinued operations (in dollars per share) 0.00 (0.84) 0.10
Basic and diluted earnings per share attributable to the Company (in dollars per share) 0.75 1.29 1.19
Cash dividends per share declared, as restated for reverse business acquisition and reverse share split (in dollars per share) $ 1.05 $ 0.25 $ 4.46