Company Quick10K Filing
Overseas Shipholding Group
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 90 $158
10-Q 2019-11-08 Quarter: 2019-09-30
10-Q 2019-08-09 Quarter: 2019-06-30
10-Q 2019-05-10 Quarter: 2019-03-31
10-K 2019-03-15 Annual: 2018-12-31
10-Q 2018-11-09 Quarter: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-Q 2018-05-09 Quarter: 2018-03-31
10-K 2018-03-12 Annual: 2017-12-31
10-Q 2017-11-09 Quarter: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-05-10 Quarter: 2017-03-31
10-K 2017-03-09 Annual: 2016-12-31
10-Q 2016-11-09 Quarter: 2016-09-30
10-Q 2016-08-09 Quarter: 2016-06-30
10-Q 2016-05-10 Quarter: 2016-03-31
10-K 2016-03-01 Annual: 2015-12-31
10-Q 2015-11-09 Quarter: 2015-09-30
10-Q 2015-08-10 Quarter: 2015-06-30
10-Q 2015-05-11 Quarter: 2015-03-31
10-K 2015-03-16 Annual: 2014-12-31
10-Q 2014-11-10 Quarter: 2014-09-30
10-Q 2014-08-04 Quarter: 2014-06-30
10-Q 2014-05-12 Quarter: 2014-03-31
10-K 2014-03-13 Annual: 2013-12-31
10-Q 2013-11-12 Quarter: 2013-09-30
10-Q 2013-10-08 Quarter: 2013-06-30
10-Q 2013-09-30 Quarter: 2013-03-31
10-K 2013-08-26 Annual: 2012-12-31
10-Q 2013-08-26 Quarter: 2012-09-30
10-Q 2012-08-07 Quarter: 2012-06-30
10-Q 2012-05-07 Quarter: 2012-03-31
10-K 2012-02-29 Annual: 2011-12-31
10-Q 2011-11-04 Quarter: 2011-09-30
10-Q 2011-08-05 Quarter: 2011-06-30
10-Q 2011-05-05 Quarter: 2011-03-31
10-K 2011-03-01 Annual: 2010-12-31
10-Q 2010-11-05 Quarter: 2010-09-30
10-Q 2010-08-06 Quarter: 2010-06-30
10-Q 2010-05-07 Quarter: 2010-03-31
10-K 2010-03-01 Annual: 2009-12-31
8-K 2019-11-08 Earnings, Exhibits
8-K 2019-08-09 Earnings, Exhibits
8-K 2019-06-04 Shareholder Vote
8-K 2019-05-09 Earnings, Exhibits
8-K 2019-03-08 Earnings, Exhibits
8-K 2018-12-27 Enter Agreement, Leave Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2018-12-18 Officers, Exhibits
8-K 2018-12-10 Other Events, Exhibits
8-K 2018-11-26 Regulation FD, Exhibits
8-K 2018-11-09 Earnings, Exhibits
8-K 2018-08-09 Earnings, Exhibits
8-K 2018-07-26 Other Events, Exhibits
8-K 2018-07-16 Other Events, Exhibits
8-K 2018-06-06 Shareholder Vote
8-K 2018-05-09 Earnings, Exhibits
8-K 2018-03-29 Other Events
8-K 2018-03-09 Earnings, Exhibits
8-K 2018-01-25 Earnings

Overseas Shipholding Group Financials

OSG Metrics, Comps, Filings

Annual | Quarterly

Business

OSG primarily charters its vessels to customers for voyages for specific periods of time at fixed daily amounts through time charters. The Company also charters its vessels for specific voyages at spot rates. Spot market rates are highly volatile, while time charter rates provide more predictable streams of time charter equivalent ("TCE") revenues because they are fixed for specific periods of time. For a more detailed discussion on factors influencing spot and time charter markets, see "Fleet Operations-Commercial Management" below.

In August 2014, OSG emerged from Chapter 11 bankruptcy pursuant to a plan of reorganization approved by the U.S. Bankruptcy Court for the District of Delaware. See Note 2 to our Financial Statements for further information regarding our bankruptcy proceedings.

We seek to maximize stockholder value by generating strong cash flows through the combination of contracted time charter revenues and opportunistically trading vessels in the spot market; actively managing the size and composition of our fleet over the course of market cycles to increase investment returns and available capital; and entering into value-creating transactions, including acquisitions of competitive or adjacent businesses. The key elements of our strategy are to:


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Nordic American Tankers (NAT) 288 0% 1,071 469 0 0 0 0 675
Teekay Tankers (TNK) 252 0% 2,161 1,214 0 0 0 0 934
Tsakos Energy Navigation (TNP) 230 0% 3,205 1,710 0 0 0 0 1,617
Safe Bulkers (SB) 181 0% 1,076 593 0 0 0 0 698
Ardmore Shipping (ASC) 161 0% 845 498 0 0 0 0 336
Overseas Shipholding Group (OSG) 158 0% 6.4 1% 1,057 724 346 0 8 68 437
Pangaea Logistics Solutions (PANL) 154 0% 5.0 4% 459 290 258 0 19 46 230
Danaos (DAC) 149 0% 2,680 1,989 0 0 0 0 1,694
StealthGas (GASS) 113 0% 1,037 475 0 0 0 0 479
Navios Maritime Containers (NMCI) 100 0% 414 231 0 0 0 0 265
Scorpio Tankers (STNG) 95 0% 4,784 2,945 0 0 0 0 83
Odyssey Marine Exploration (OMEX) 53 25% -19.2 -270% 2 50 3 1 -7 -3 53
Hornbeck Offshore Services (HOS) 49 0% 36.5 -4% 2,772 1,528 223 0 -124 30 1,096
Navios Maritime Acquisition (NNA) 44 0% 1,627 1,247 0 0 0 0 1,214
Capital Product Partners (CPLP) 37 0% 1,385 504 0 0 0 0 435
Pyxis Tankers (PXS) 22 0% 117 77 0 0 0 0 82
Top Ships (TOPS) 20 0% 258 154 0 0 0 0 164
Globus Maritime (GLBS) 10 0% 87 46 0 0 0 0 8
Diana Containerships (DCIX) 9 0% 100 5 0 0 0 0 -1
Euroseas (ESEA) 8 0% 67 44 0 0 0 0 32

Balance Sheet ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash2545547258653111600
Accounts Receivable1611681792082232416
Inventory1519161784
PP&E3,2272,8372,3712,2132,085684633598
Assets4,2414,0344,0443,6443,4361,925491403828
Accounts Payable19172246343
Long-Term Debt1,9862,06602,5621,669120811353
Liabilities2,4312,4793,5095,8702,15034423790498
Stockholders' Equity534-601,2861,580254313329
Income Statement ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue1,0461,0501,1371,016957965462390366
Cost of Revenue
Gross Profit
R&D
SG&A1008367698411-027
Tax-7-5-161267-1011-58-18
Net Income-134-193-480-638-152284-2945613
Cash Flow ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating-28-61-33142-727162203-1445
Cash Investing-440-154-2210-47664766-20
Cash Financing24616508-13562-330-191-85-111