International Seaways Inc

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 29, 2024

INSW$98.25+1.9%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Balance Sheets at December 31, 2023 and 2022

CONSOLIDATED BALANCE SHEETS

AT DECEMBER 31


· · December 31, 2023 · · December 31, 2022
ASSETS
Current Assets:
Cash and cash equivalents	$126,760	$243,744
Short-term investments	60,000	80,000
Voyage receivables, net of allowance for credit losses of $191 and $261,
including unbilled of $237,298 and $279,567	247,165	289,775
Other receivables	14,303	12,583
Inventories	1,329	531
Prepaid expenses and other current assets	10,342	8,995
Current portion of derivative asset	5,081	6,987
Total Current Assets	464,980	642,615
Vessels and other property, less accumulated depreciation	1,914,426	1,680,010
Vessels construction in progress	11,670	123,940
Deferred drydock expenditures, net	70,880	65,611
Operating lease right-of-use assets	20,391	8,471
Finance lease right-of-use assets	—	44,391
Pool working capital deposits	31,748	35,593
Long-term derivative assets	1,153	4,662
Other assets	6,571	10,041
Total Assets	$2,521,819	$2,615,334

LIABILITIES AND EQUITY
Current Liabilities:
Accounts payable, accrued expenses and other current liabilities	$57,904	$51,069
Current portion of operating lease liabilities	10,223	1,596
Current portion of finance lease liabilities	—	41,870
Current installments of long-term debt	127,447	162,854
Total Current Liabilities	195,574	257,389
Long-term operating lease liabilities	11,631	7,740
Long-term debt, net	595,229	860,578
Other liabilities	2,628	1,875
Total Liabilities	805,062	1,127,582

Commitments and contingencies

Equity:
Capital - 100,000,000 no par value shares authorized; 48,925,562 and 49,120,648
shares issued and outstanding	1,490,986	1,502,235
Retained earnings/(accumulated deficit)	226,834	(21,447)
	1,717,820	1,480,788
Accumulated other comprehensive (loss)/income	(1,063)	6,964
Total Equity	1,716,757	1,487,752
Total Liabilities and Equity	$2,521,819	$2,615,334

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.