Danaos corp (DAC)
Income statement / Quarterly
Jun'18Jun'17Jun'16Jun'15Jun'14Jun'13Jun'12Jun'11
OPERATING REVENUES

113,466

113,888

136,999

141,469

136,440

146,580

146,657

114,764

OPERATING EXPENSES
Voyage expenses

3,186

3,216

3,240

3,161

3,245

2,822

3,366

2,057

Vessel operating expenses

26,742

27,216

27,983

29,570

28,903

31,621

31,392

29,325

Depreciation

26,697

29,195

32,075

32,853

34,132

34,164

35,226

26,005

Amortization of deferred drydocking and special survey costs

2,409

1,662

1,395

882

1,155

1,449

1,412

1,750

General and administrative expenses

5,777

5,340

5,446

5,381

5,309

4,746

5,247

4,716

Loss on sale of vessels

-

-

-

-

5,216

171

830

-

Income From Operations

48,655

47,259

66,860

69,622

68,912

71,949

70,844

50,911

OTHER INCOME (EXPENSES):
Interest income

1,418

1,344

890

850

3

521

401

293

Interest expense

23,020

21,413

20,616

21,230

20,260

23,292

21,460

12,963

Other finance expenses

961

1,040

1,111

1,162

4,922

5,016

4,102

2,899

Equity income on investments

210

149

-211

-

-

-

-

-

Other income/(expenses), net

-19,543

-5,149

-23

28

233

232

280

-179

Loss on derivatives

-921

-921

-1,141

-10,036

-27,323

-24,855

-

-

Unrealized and realized losses on derivatives

-

-

-

-

-

-

-36,997

-35,394

Total Other Expenses, net

-42,817

-27,030

-22,212

-31,550

-52,269

-52,410

-61,878

-51,142

Net Income

5,838

20,229

44,648

-

-

-

-

-

Net Income/(Loss)

-

-

-

38,072

16,643

19,539

8,966

-231

EARNINGS PER SHARE
Basic and diluted earnings per share

0.05

0.18

0.41

0.35

0.15

0.18

0.08

0.00

Basic and diluted weighted average number of common shares (in thousands)

109,799

109,825

109,800

109,785

109

109

109,611

108,975

Change in fair value of financial instruments qualifying for hedge accounting

-

-

-

-

-

-

-

-25,349

Deferred realized losses on cash flow hedges amortized over the life of the newbuildings, net of amortization

-

-

-

-

-

-

-

7,662

Reclassification of unrealized losses/(gains) to earnings

-

-

-

-

-

-

-

-4,478

Total Other Comprehensive Income/(Loss)

-

-

-

-

-

-

-

-37,489

Comprehensive Loss

-

-

-

-

-

-

-

-37,720