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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating revenues      
Total operating revenues $ 749,381 $ 1,221,187 $ 957,322
Other operating gains (including related party gain (loss) of $5,375, $6,816 and $(1,451) for the years ended December 31, 2021, 2020 and 2019, respectively) 5,893 29,902 3,422
Operating expenses      
Voyage expenses and commission 392,697 353,098 395,482
Related party contingent rental (income) expense (3,606) 14,568 (2,607)
Ship operating expenses 175,607 183,063 157,007
Charter hire expenses 2,695 9,557 8,471
Administrative expenses (including related party amounts of $1,386, $1,569 and $1,276 for the years ended December 31, 2021, 2020 and 2019, respectively) 27,891 44,238 45,019
Depreciation 147,774 138,770 117,850
Total operating expenses 743,058 743,294 721,222
Net operating income 12,216 507,795 239,522
Other income (expenses)      
Interest income 119 705 1,506
Interest expense (including related party amounts of $12,149, $10,962 and $19,564 for the years ended December 31, 2021, 2020 and 2019, respectively) (61,435) (72,160) (94,461)
Gain (loss) on marketable securities 7,677 (2,491) 1,737
Share of results of associated company (724) (4,424) 1,681
Foreign currency exchange gain (loss) (116) 2,035 (26)
Gain (loss) on derivatives 17,509 (18,577) (10,069)
Other non-operating items, net 18,239 109 403
Net other expenses (18,731) (94,803) (99,229)
Net income (loss) before income taxes and non-controlling interest (6,515) 412,992 140,293
Income tax benefit (expense) (4,633) 14 (307)
Net income (loss) (11,148) 413,006 139,986
Net income attributable to non-controlling interest 0 (131) (14)
Net income (loss) attributable to the Company $ (11,148) $ 412,875 $ 139,972
(Loss) earnings per share attributable to Frontline Ltd. stockholders:      
Basic earnings (loss) per share attributable to the Company (in dollars per share) $ (0.06) $ 2.11 $ 0.81
Diluted earnings (loss) per share attributable to the Company (in dollars per share) $ (0.06) $ 2.09 $ 0.78
Voyage charter revenues      
Operating revenues      
Total operating revenues $ 663,995 $ 1,013,068 $ 887,495
Time charter revenues      
Operating revenues      
Total operating revenues 71,236 185,788 35,433
Finance lease interest income      
Operating revenues      
Total operating revenues 0 0 690
Other income      
Operating revenues      
Total operating revenues $ 14,150 $ 22,331 $ 33,704