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 (Nasdaq: GLNG), a leading independent owner and operator of Floating Storage Regasification Units (or FSRUs) and LNG carriers, to own and operate FSRUs and LNG carriers under long-term charters. We completed our IPO in April 2011. As of April 29, 2016, we have a fleet of six FSRUs (excluding the Golar Tundra) and four LNG carriers. Upon our formation, Golar contributed to us a 100% interest in certain subsidiaries which owned a 60% interest in the Golar Mazo and which leased the Golar Spirit and the Methane Princess. In connection with our IPO, Golar transferred to us a 100% interest in the subsidiary which leases the Golar Winter and the legal title to the Golar Spirit.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
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 2016 Leverage 2016
Net Inc/Comm Equity-0.32Total Liab/Total Assets0.76
Net Inc/Total Assets0.08Total Liab/Inv Cap0.88
Net Inc/Inv Cap0.09Total Liab/Comm Equity-3.17
Pretax Inc/Net Sales0.46Interest Coverage Ratio4.03
Net Inc/Net Sales0.39Curr Debt/Equity-15.61
Cash Flow/Net Sales0.59LTD/Equity-279.75
SG&A/NetSales0.02Total Debt/Equity-295.36
Asset Utilization   Liquidity  
Net Receivables Turnover10.73Quick Ratio0.74
Inventory Turnover53.79Current Ratio0.75
Inventory Day Sales0.16Net Rec/Curr Assets0.31
Net Sales/Work Cap-8.10Inv/Curr Assets0.01
Net Sales/PP&E0.25  

Income Statement (Millions)

  12/31/2016 12/31/2015 12/31/2014 12/31/2013
Total Revenues(Net Sales) 441.60 434.69 396.03 329.19
Cost of Goods Sold 65.86 72.97 65.24 57.63
Selling & Admin Exps 8.60 6.64 5.76 5.19
Operating Income 266.67 255.82 244.46 200.03
Interest Exp 66.94 61.63 47.34 43.20
Pretax Income 202.60 178.35 179.69 156.27
Other Income 2.87 -15.84 -17.43 -0.56
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 172.17 162.14 174.15 141.30

Balance Sheet (Millions)

Assets 12/31/2016 12/31/2015 12/31/2014 12/31/2013
Cash & Short Term Investments 110.64 97.40 124.83 127.55
Receivables - Total 49.18 33.11 16.64 7.74
Inventories - Total 1.11 1.34 0.09 1.09
Total Current Assets 160.93 131.85 141.56 136.38
Net Property, Plant & Equipment 1,763.90 1,847.40 1,623.42 1,409.28
Total Assets 2,252.71 2,231.66 1,956.20 1,721.22
Liabilities        
Accounts Payable 19.55 25.19 34.17 27.66
Debt in Current Liabilities 78.89 118.69 144.22 156.36
Total Current Liabilities 215.47 262.97 277.87 241.07
Long-Term Debt 1,413.57 1,355.53 1,059.31 892.12
Total Liabilities 1,716.26 1,701.91 1,422.08 1,221.87
Stockholder's Equity        
Minority Interest 67.98 66.77 67.62 70.78
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 -5.05 -9.73 -2.09 -2.39
Total Liabilities and Stockholders' Equity 1,711.20 1,692.19 1,420.00 1,219.48

Cash Flow Summary (Millions)

Categories 12/31/2016 12/31/2015 12/31/2014 12/31/2013
Net Cash Provided by Operating Activities 261.23 212.23 276.98 148.68
Net Cash Provided by Investing Activities -107.25 0.73 -167.76 -84.05
Net Cash Provided by Financing Activities -128.96 -271.28 -113.33 -27.85

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2012286.63116.422.08
12/2013329.19141.302.31
12/2014396.03174.15--
12/2015434.69162.142.38
12/2016441.60172.172.43
Growth Rates11.4110.28--

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/1711532,16545.52




Report Date : 10/16/2017

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