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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating revenues      
Time charter revenues $ 231,224 $ 365,159 $ 486,361
Bareboat charter revenues 47,101 71,370 64,526
Voyage charter revenues 510,808 708,008 565,331
Other income 20,969 20,678 17,068
Total operating revenues 810,102 1,165,215 1,133,286
(Loss) gain on sale of assets and amortization of deferred gains (307,894) 30,935 3,061
Operating expenses      
Voyage expenses and commission 295,787 282,708 219,375
Ship operating expenses 187,010 195,679 206,381
Profit share expense 482 30,566 33,018
Charter hire expenses 65,601 134,551 169,503
Administrative expenses 35,886 31,883 30,647
Impairment loss 121,443 0 0
Depreciation 195,597 212,851 237,313
Total operating expenses 901,806 888,238 896,237
Net operating (loss) income (399,598) 307,912 240,110
Other income (expenses)      
Interest income 3,958 13,432 22,969
Interest expense (141,497) (149,918) (160,988)
Equity losses of unconsolidated subsidiaries and associated companies (600) (515) (544)
Foreign currency exchange gain (loss) 106 622 (346)
Mark to market of derivatives 390 (19) 0
Impairment of securities 0 (9,425) 0
Loss on sale of securities (3,355) 0 0
Dividends received, net 113 (278) 3,087
Other non-operating items, net 12,005 2,411 1,545
Net other expenses (128,880) (143,690) (134,277)
Net (loss) income before income taxes and noncontrolling interest (528,478) 164,222 105,833
Income tax expense (532) (218) (361)
Net (loss) income (529,010) 164,004 105,472
Net income attributable to noncontrolling interest (591) (2,597) (2,771)
Net (loss) income attributable to Frontline Ltd. $ (529,601) $ 161,407 $ 102,701
(Loss) earnings per share attributable to Frontline Ltd. stockholders:      
Basic (loss) earnings per share (in dollars per share) $ (6.80) $ 2.07 $ 1.32
Weighted average shares outstanding, basic (in shares) 77,859 77,859 77,859
Diluted (loss) earnings per share (in dollars per share) $ (6.80) $ 2.01 $ 1.32
Weighted average shares outstanding, diluted (in shares) 77,859 83,803 77,867
Cash dividends per share declared (in dollars per share) $ 0.22 $ 2.00 $ 0.90