| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
OPERATING REVENUES | ||||||||
451,731 | 498,332 | 567,936 | 552,091 | 588,117 | 589,009 | 468,101 | 359,677 | 319,511 |
OPERATING EXPENSES | ||||||||
Voyage expenses | ||||||||
12,587 | 13,925 | 12,284 | 12,974 | 11,770 | 13,503 | 10,765 | 7,928 | 7,346 |
Vessel operating expenses | ||||||||
106,999 | 109,384 | 112,736 | 113,755 | 122,074 | 123,356 | 119,127 | 88,271 | 92,327 |
Depreciation | ||||||||
115,228 | 129,045 | 131,783 | 137,061 | 137,414 | 143,938 | 106,178 | 77,045 | 60,906 |
Amortization of deferred drydocking and special survey costs | ||||||||
6,748 | 5,528 | 3,845 | 4,387 | 5,482 | 6,070 | 5,800 | 7,426 | 8,295 |
Impairment loss | ||||||||
- | 415,118 | 41,080 | 75,776 | - | - | - | - | - |
Bad debt expense | ||||||||
- | 15,834 | - | - | - | - | - | - | - |
Impairment loss | ||||||||
- | - | - | - | 19,004 | 129,630 | - | 71,509 | - |
General and administrative expenses | ||||||||
22,672 | 22,105 | 21,831 | 21,442 | 19,458 | 20,379 | 21,028 | 23,255 | 14,541 |
Loss on sale of vessels | ||||||||
- | -36 | - | 5,709 | -449 | 830 | - | 1,916 | - |
Income From Operations | ||||||||
187,497 | -212,643 | 244,377 | 192,405 | 272,466 | 152,963 | 205,203 | 86,159 | 136,096 |
OTHER INCOME (EXPENSES): | ||||||||
Interest income | ||||||||
5,576 | 4,682 | 3,419 | 1,703 | 2,210 | 1,642 | 1,304 | 964 | 2,428 |
Interest expense | ||||||||
86,556 | 82,966 | 84,435 | 95,050 | 91,185 | 87,340 | 55,124 | 41,158 | 36,208 |
Other finance expenses | ||||||||
4,126 | 4,932 | 4,658 | 4,687 | 20,120 | 18,107 | 14,581 | 6,055 | 2,290 |
Equity income on investments | ||||||||
965 | -16,252 | -1,941 | - | - | - | - | - | - |
Other income/(expenses), net | ||||||||
-15,757 | -41,602 | 111 | 422 | 302 | 811 | -1,986 | -5,070 | -336 |
Loss on derivatives | ||||||||
-3,694 | -12,482 | -39,857 | -98,713 | -126,150 | -155,173 | -121,379 | - | - |
Unrealized and realized losses on derivatives | ||||||||
- | - | - | - | - | - | - | -137,181 | - |
Unrealized and realized losses on derivatives | ||||||||
- | - | - | - | - | - | - | - | -63,601 |
Total Other Expenses, net | ||||||||
-103,592 | -153,552 | -127,361 | -196,325 | -234,943 | -258,167 | -191,766 | -188,500 | -100,007 |
Net Income | ||||||||
83,905 | -366,195 | 117,016 | - | - | - | - | - | - |
Net Income/(Loss) | ||||||||
- | - | - | -3,920 | 37,523 | -105,204 | 13,437 | -102,341 | 36,089 |
EARNINGS PER SHARE | ||||||||
Basic and diluted earnings per share | ||||||||
0.76 | -3.34 | 1.07 | -0.04 | 0.34 | -0.96 | 0.12 | -1.36 | 0.66 |
Basic and diluted weighted average number of common shares (in thousands) | ||||||||
109,824 | 109,801 | 109,785 | 109,676 | 109,654 | 109,612 | 109,045 | 75,435 | - |
Change in fair value of financial instruments qualifying for hedge accounting | ||||||||
- | - | - | - | - | - | - | -94,093 | 155,327 |
Deferred realized losses on cash flow hedges amortized over the life of the newbuildings, net of amortization | ||||||||
- | - | - | - | - | - | - | -38,031 | 36,232 |
Reclassification of unrealized losses/(gains) to earnings | ||||||||
- | - | - | - | - | - | - | 19,651 | - |
Reclassification of unrealized losses to earnings | ||||||||
- | - | - | - | - | - | - | - | -31,326 |
Total Other Comprehensive Income/(Loss) | ||||||||
- | - | - | - | - | - | - | -112,473 | 150,421 |
Comprehensive Loss | ||||||||
- | - | - | - | - | - | - | -214,814 | 186,510 |
Basic weighted average number of shares (in shares) | ||||||||
- | - | - | - | - | - | - | - | 54,549 |
Diluted weighted average number of shares (in shares) | ||||||||
- | - | - | - | - | - | - | - | 54,549 |