Company Information

  

Address: 2ND FLOOR, S.E. PEARMAN BUILDING
9 PAR-LA-VILLE ROAD 
City: HAMILTON 
State:  
Zip Code: HM 11 
Telephone: 1 441-295-4705 

Description of Business

Primary SIC Code: 4400
(As filed with the SEC)  

We are a publicly traded limited partnership that was formed on September 24, 2007, under the laws of the Republic of the Marshall Islands, as a wholly owned subsidiary of Golar LNG Limited, a leading independent owner and operator of Floating Storage Regasification Units ("FSRUs") and LNG carriers, to own and operate FSRUs and LNG carriers under long-term charters. We completed our IPO in April 2011 and since then, we have increased our quarterly distribution from $0.385 per unit paid on a prorated basis for the period from the closing of our IPO through June 30, 2011, to $0.5775 per unit for the quarter ended December 31, 2017. From the time of our first annual general meeting in December 2012, four of the seven members of our board became electable by the common unitholders and because Golar no longer has the power to control our board of directors, we are no longer considered to be under common control with Golar.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
12/20171.800.57812.67
12/20162.430.5789.89
12/20152.380.5785.62
12/20132.310.52213.10
12/20122.080.47514.35
12/20111.890.40016.22

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-0.17Total Liab/Total Assets0.68
Net Inc/Total Assets0.05Total Liab/Inv Cap0.78
Net Inc/Inv Cap0.06Total Liab/Comm Equity-2.15
Pretax Inc/Net Sales0.37Interest Coverage Ratio3.15
Net Inc/Net Sales0.30Curr Debt/Equity4620.23
Cash Flow/Net Sales0.63LTD/Equity53038.04
SG&A/NetSales0.04Total Debt/Equity57658.27
Asset Utilization   Liquidity  
Net Receivables Turnover12.33Quick Ratio1.71
Inventory Turnover33.78Current Ratio1.73
Inventory Day Sales0.06Net Rec/Curr Assets0.08
Net Sales/Work Cap3.30Inv/Curr Assets0.01
Net Sales/PP&E0.26  

Income Statement (Millions)

  12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Revenues(Net Sales) 433.10 441.60 434.69 396.03
Cost of Goods Sold 77.97 65.86 72.97 65.24
Selling & Admin Exps 15.21 8.60 6.64 5.76
Operating Income 236.11 266.67 255.82 244.46
Interest Exp 75.43 66.94 61.63 47.34
Pretax Income 161.84 202.60 178.35 179.69
Other Income 1.16 2.87 -15.84 -17.43
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 129.28 172.17 162.14 174.15

Balance Sheet (Millions)

Assets 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Cash & Short Term Investments 274.26 110.64 97.40 124.83
Receivables - Total 25.88 44.36 33.11 16.64
Inventories - Total 3.51 1.11 1.34 0.09
Total Current Assets 311.50 160.93 131.85 141.56
Net Property, Plant & Equipment 1,694.87 1,763.90 1,847.40 1,623.42
Total Assets 2,427.37 2,252.71 2,231.66 1,956.20
Liabilities        
Accounts Payable 37.02 19.55 25.19 34.17
Debt in Current Liabilities 120.13 78.89 118.69 144.22
Total Current Liabilities 180.09 215.47 262.97 277.87
Long-Term Debt 1,378.99 1,413.57 1,355.53 1,059.31
Total Liabilities 1,656.31 1,716.26 1,701.91 1,422.08
Stockholder's Equity        
Minority Interest 76.54 67.98 66.77 67.62
Preferred Stock NA NA NA NA
Common Stock NA NA NA NA
Retained Earnings NA NA NA NA
Treasury Stock NA NA NA NA
Total Stockholders' Equity 0.03 -5.05 -9.73 -2.09
Total Liabilities and Stockholders' Equity 1,656.34 1,711.20 1,692.19 1,420.00

Cash Flow Summary (Millions)

Categories 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Cash Provided by Operating Activities 271.00 261.23 212.23 276.98
Net Cash Provided by Investing Activities -70.43 -107.25 0.73 -167.76
Net Cash Provided by Financing Activities -19.33 -128.96 -271.28 -113.33

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2013329.19141.302.31
12/2014396.03174.15--
12/2015434.69162.142.38
12/2016441.60172.172.43
12/2017433.10129.281.80
Growth Rates7.10-2.20--

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/1811529,09241.70




Report Date : 7/16/2018

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