International Seaways Inc

For the period ended Dec 31, 2024. Filed Feb 27, 2025.

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.

FY2024 · Filed Feb 27, 2025

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, 2024 and 2023

CONSOLIDATED BALANCE SHEETS

AT DECEMBER 31


· · December 31, 2024 · · December 31, 2023
ASSETS
Current Assets:
Cash and cash equivalents	$157,506	$126,760
Short-term investments	—	60,000
Voyage receivables, net of allowance for credit losses of $86 and $191,
including unbilled of $181,211 and $237,298	185,521	247,165
Other receivables	13,771	14,303
Inventories	1,875	1,329
Prepaid expenses and other current assets	15,570	10,342
Current portion of derivative asset	2,080	5,081
Total Current Assets	376,323	464,980
Vessels and other property, less accumulated depreciation	2,050,211	1,914,426
Vessels construction in progress	37,020	11,670
Deferred drydock expenditures, net	90,209	70,880
Operating lease right-of-use assets	21,229	20,391
Pool working capital deposits	35,372	31,748
Long-term derivative assets	801	1,153
Other assets	25,232	6,571
Total Assets	$2,636,397	$2,521,819

LIABILITIES AND EQUITY
Current Liabilities:
Accounts payable, accrued expenses and other current liabilities	$66,264	$57,904
Current portion of operating lease liabilities	14,617	10,223
Current installments of long-term debt	50,054	127,447
Total Current Liabilities	130,935	195,574
Long-term operating lease liabilities	8,715	11,631
Long-term debt, net	638,353	595,229
Other liabilities	2,346	2,628
Total Liabilities	780,349	805,062

Commitments and contingencies

Equity:
Capital - 100,000,000 no par value shares authorized; 49,194,458 and 48,925,562
shares issued and outstanding	1,504,767	1,490,986
Retained earnings	359,142	226,834
	1,863,909	1,717,820
Accumulated other comprehensive loss	(7,861)	(1,063)
Total Equity	1,856,048	1,716,757
Total Liabilities and Equity	$2,636,397	$2,521,819

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.