Costamare inc. (CMRE)
Balance Sheet / Yearly
Jun'18Dec'17Jun'17Dec'16Jun'16Dec'15Jun'15Dec'14Jun'14Dec'13Jun'13Dec'12Jun'12Dec'11Dec'10
CURRENT ASSETS:
Cash and cash equivalents (Note 2)

124

178

195

164

99

100

159

113

147

93

112

267

241

97

159

Restricted cash (Note 2)

5

7

6

6

6

14

14

14

8

9

6

5

12

7

5

Accounts receivable

1

1

3

0

2

1

1

2

9

16

12

2

2

2

3

Inventories (Note 5)

9

9

10

11

10

10

13

11

13

11

14

9

12

9

9

Due from related parties (Note 3)

2

5

3

3

3

6

6

4

0

2

4

2

0

3

1

Fair value of derivatives (Notes 18 and 19)

-

-

-

-

0

0

-

0

-

-

-

-

-

-

-

Fair value of derivatives (Notes 18 and 19)

2

0

0

0

-

-

-

-

-

-

0

0

-

0

0

Insurance claims receivable

2

2

2

2

5

3

2

1

1

1

1

1

2

3

0

Prepaid lease rentals (Note 11)

8

8

8

8

-

-

-

-

-

-

-

-

-

-

-

Prepaid lease rentals (Note 11)

-

-

-

-

4

4

4

4

4

0

-

-

-

-

-

Accrued charter revenue (Note 12)

0

0

0

0

0

0

0

0

0

0

9

5

14

13

22

Prepayments and other

5

5

4

3

4

3

6

4

4

2

4

1

3

1

2

Vessel held for sale (Note 6)

0

7

7

6

-

0

-

-

-

-

-

-

-

-

-

Vessel held for sale

-

-

-

-

-

-

-

-

-

-

0

4

-

0

-

Investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

Total current assets

162

226

243

209

138

145

209

157

191

136

165

299

290

138

211

FIXED ASSETS, NET:
Advances for vessel acquisitions

-

-

-

-

-

-

-

-

0

240

271

339

217

148

3

Capital leased assets (Note 11)

408

415

422

384

239

242

246

250

254

0

-

-

-

-

-

Vessels and advances, net (Note 6)

1,606

1,579

-

-

-

-

-

-

-

-

-

-

-

-

-

Vessels, net (Note 6)

-

-

1,643

1,688

1,960

2,004

2,053

2,098

2,148

2,187

1,977

1,582

1,618

1,618

1,531

Total fixed assets, net

2,015

1,995

2,066

2,073

2,199

2,247

2,300

2,349

2,403

2,428

2,248

1,921

1,835

1,767

1,535

NON-CURRENT ASSETS:
Equity method investments (Notes 2 and 9)

172

161

160

153

129

117

91

73

72

23

-

0

-

-

-

Prepaid lease rentals, non-current (Note 11)

38

42

47

51

33

35

38

40

43

0

-

-

-

-

-

Accounts receivable, non-current (Note 3)

7

1

1

1

1

1

1

1

7

7

-

0

-

-

-

Deferred charges, net (Note 7)

23

15

18

20

24

22

26

28

26

29

33

34

32

32

30

Restricted cash (Note 2)

30

32

36

38

46

48

46

49

45

49

46

41

41

38

36

Fair value of derivatives, non-current (Notes 18 and 19)

6

4

2

0

-

0

-

-

-

-

-

-

-

-

-

Accrued charter revenue, non-current (Note 12)

-

-

0

0

0

0

0

1

10

10

6

13

5

5

14

Other non-current assets (Note 4)

9

9

9

8

12

12

12

12

-

0

-

-

-

-

-

Accrued charter revenue

-

-

0

0

-

-

-

-

-

-

-

-

-

-

14

Total assets

2,466

2,490

2,585

2,558

2,586

2,632

2,727

2,714

2,800

2,685

2,500

2,311

2,205

1,982

1,828

CURRENT LIABILITIES:
Current portion of long-term debt, net of deferred financing costs (Note 10)

137

206

180

198

188

183

186

192

195

206

192

162

161

153

114

Accounts payable

6

6

4

3

5

4

7

6

6

5

10

5

6

4

4

Due to related parties (Note 3)

0

0

0

0

0

0

-

0

0

-

-

-

-

-

-

Capital lease obligations, net (Note 11)

33

32

32

29

14

14

14

13

13

0

-

-

-

-

-

Accrued liabilities

11

10

11

11

16

15

19

19

16

14

14

9

13

13

7

Unearned revenue (Note 12)

13

15

17

19

-

18

-

-

-

-

-

-

-

-

-

Unearned revenue (Note 12)

-

-

-

-

15

-

14

12

9

9

3

5

6

6

2

Fair value of derivatives (Notes 18 and 19)

0

3

9

16

36

32

39

43

46

55

55

55

52

46

53

Other current liabilities

1

1

1

1

1

1

2

2

2

3

2

10

2

2

1

Total current liabilities

204

276

258

279

277

270

283

290

289

294

278

249

242

226

184

NON-CURRENT LIABILITIES:
Long-term debt, net of current portion and deferred financing costs (Note 10)

581

644

754

856

1,076

1,134

1,234

1,326

1,427

1,660

1,547

1,399

1,391

1,290

1,227

Capital lease obligations, net of current portion (Note 11)

322

339

356

331

210

217

226

233

240

0

-

-

-

-

-

Fair value of derivatives, net of current portion (Notes 18 and 19)

-

-

-

-

18

19

26

31

42

47

62

125

131

125

54

Unearned revenue, net of current portion (Note 12)

7

11

14

16

22

26

29

29

28

25

21

16

11

10

0

Total non-current liabilities

911

995

1,125

1,204

1,327

1,398

1,516

1,621

1,738

1,733

1,631

1,541

1,533

1,425

1,281

COMMITMENTS AND CONTINGENCIES (Note 13)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

STOCKHOLDERS EQUITY:
Preferred stock (Note 14)

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

Common stock (Note 14)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Additional paid-in capital (Note 14)

1,301

1,175

1,162

1,057

966

963

960

858

858

762

714

714

620

519

519

Retained earnings

42

43

48

31

61

44

20

0

-19

-20

-25

-40

-37

-48

-74

Accumulated other comprehensive income/(loss) (Notes 18 and 20)

6

-0

-9

-14

-47

-44

-53

-56

-66

-85

-97

-152

-153

-141

-82

Total stockholders equity

1,350

1,218

1,201

1,074

980

963

927

802

772

656

590

520

429

329

362

Total liabilities and stockholders equity

2,466

2,490

2,585

2,558

2,586

2,632

2,727

2,714

2,800

2,685

2,500

2,311

2,205

1,982

1,828