| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Sep'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
CURRENT ASSETS: | |||||||||
Cash and cash equivalents (Note 2(e)) | |||||||||
40 | 98 | 171 | 218 | 240 | 315 | 446 | 416 | 345 | 282 |
Investments in time deposits | |||||||||
- | - | - | - | - | - | - | - | - | 7 |
Accounts receivable, trade (Note 2(f)) | |||||||||
4 | 5 | 4 | 6 | 0 | 3 | 6 | 5 | 0 | 0 |
Due from related parties (Notes 2(g) and 4(b)) | |||||||||
82 | 0 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | - |
Inventories (Note 2(h)) | |||||||||
5 | 5 | 6 | 7 | 5 | 5 | 5 | 4 | 4 | 2 |
Prepaid expenses and other assets | |||||||||
5 | 5 | 5 | 5 | 4 | 3 | 4 | 2 | 1 | - |
Prepaid charter revenue | |||||||||
- | - | - | - | - | 3 | 3 | 3 | 3 | - |
Prepaid insurance and other | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Prepaid charter revenue | |||||||||
- | - | - | - | - | - | - | - | - | 3 |
Total current assets | |||||||||
138 | 115 | 193 | 238 | 251 | 330 | 466 | 432 | 354 | 297 |
FIXED ASSETS: | |||||||||
Advances for vessels under construction and acquisitions and other vessel costs | |||||||||
0 | 46 | 44 | 29 | 38 | 40 | 11 | 63 | 35 | 29 |
Vessels (Note 6) | |||||||||
- | - | 1,947 | 1,807 | 1,686 | 1,611 | 1,515 | 1,292 | 1,355 | 1,123 |
Accumulated depreciation (Note 6) | |||||||||
- | - | 507 | 434 | 366 | 349 | 304 | 245 | 194 | 143 |
Vessels net book value (Note 5) | |||||||||
1,053 | 1,403 | 1,440 | 1,373 | 1,320 | 1,261 | 1,211 | 1,046 | 1,160 | 979 |
Property and equipment, net (Note 6) | |||||||||
22 | 23 | 23 | 23 | 22 | 22 | 22 | 21 | 21 | 0 |
Total fixed assets | |||||||||
1,076 | 1,473 | 1,508 | 1,426 | 1,382 | 1,325 | 1,245 | 1,131 | 1,217 | 1,009 |
OTHER NON-CURRENT ASSETS: | |||||||||
Restricted cash (Notes 2(e) and 7) | |||||||||
25 | 23 | - | - | - | - | - | - | - | - |
Compensating cash balance (Notes 2(e) and 8) | |||||||||
- | - | 21 | - | - | - | - | - | - | - |
Due from related parties, non-current (Notes 2(g) and 4(b)) | |||||||||
0 | 45 | 43 | 50 | 50 | - | 0 | - | - | - |
Investments in related parties (Notes 2(v) and 3) | |||||||||
3 | 6 | - | - | - | - | - | - | - | - |
Due from related parties, non-current | |||||||||
- | - | - | - | - | 50 | - | - | - | - |
Equity method investments (Note 3) | |||||||||
- | - | 62 | 67 | 15 | 18 | 24 | 29 | 0 | - |
Other non-current assets | |||||||||
- | - | - | - | 0 | 0 | 0 | - | - | - |
Deferred charges, net (Notes 2(m), 2(n) and 5) | |||||||||
2 | 5 | 6 | 3 | 1 | 1 | 3 | 4 | 4 | 2 |
Prepaid charter revenue, non-current | |||||||||
- | - | - | - | - | 0 | 2 | 5 | 8 | - |
Prepaid charter revenue, non-current portion | |||||||||
- | - | - | - | - | - | - | - | - | 11 |
Total assets | |||||||||
1,246 | 1,668 | 1,836 | 1,787 | 1,701 | 1,726 | 1,742 | 1,604 | 1,585 | 1,320 |
LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||||
CURRENT LIABILITIES: | |||||||||
Current portion of long-term debt, net of deferred financing costs, current (Note 7) | |||||||||
60 | 65 | 40 | 78 | 46 | 46 | 45 | 27 | 7 | - |
Accounts payable, trade and other | |||||||||
7 | 6 | 8 | 9 | 7 | 6 | 6 | 7 | 5 | - |
Due to related parties (Note 4(a) and 4(d)) | |||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
Accrued liabilities | |||||||||
8 | 5 | 6 | 6 | 4 | 4 | 5 | 4 | 5 | - |
Current portion of long-term debt | |||||||||
- | - | - | - | - | - | - | - | - | 5 |
Accounts payable, trade and other | |||||||||
- | - | - | - | - | - | - | - | - | 4 |
Due to related parties | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Accrued liabilities | |||||||||
- | - | - | - | - | - | - | - | - | 3 |
Deferred revenue | |||||||||
3 | 0 | 2 | 3 | 3 | 2 | 2 | 8 | 13 | 18 |
Fair value of derivative instruments, current | |||||||||
- | - | - | - | 0 | 0 | 0 | 0 | - | - |
Other current liabilities | |||||||||
- | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total current liabilities | |||||||||
80 | 78 | 58 | 98 | 62 | 61 | 61 | 48 | 32 | 32 |
Long-term debt, net of current portion and deferred financing costs, non-current (Note 7) | |||||||||
540 | 533 | 559 | 405 | 385 | 403 | 414 | 345 | 376 | - |
Long-term debt, non-current portion | |||||||||
- | - | - | - | - | - | - | - | - | 276 |
Deferred Revenue, non-current portion | |||||||||
- | - | - | - | - | - | - | - | 4 | 11 |
Other non-current liabilities | |||||||||
0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 |
Fair value of derivative instruments, non-current portion | |||||||||
- | - | - | - | - | - | - | 1 | - | - |
Fair value of derivative instruments | |||||||||
- | - | - | - | - | - | - | - | -0 | - |
Commitments and contingencies (Note 8) | |||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
STOCKHOLDERS' EQUITY: | |||||||||
Fair value of derivative instruments | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Preferred stock (Note 9(a)) | |||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common stock, $0.01 par value; 200,000,000 shares authorized and 106,131,017 and 84,696,017 issued and outstanding at December 31, 2017 and 2016, respectively (Note 9(b) and (c)) | |||||||||
1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Additional paid-in capital | |||||||||
1,070 | 985 | 976 | 971 | 926 | 924 | 918 | 915 | 908 | 904 |
Accumulated other comprehensive income | |||||||||
0 | 0 | 0 | -0 | 0 | 0 | 0 | -0 | -0 | 0 |
Retained earnings/(Accumulated deficit) | |||||||||
-447 | 70 | 240 | 310 | 326 | 335 | 347 | 292 | 222 | 93 |
Total stockholders' equity | |||||||||
624 | 1,056 | 1,218 | 1,282 | 1,253 | 1,260 | 1,266 | 1,208 | 1,131 | 999 |
Non-controlling interests | |||||||||
- | - | - | - | - | - | - | - | 38 | 0 |
Total stockholders equity | |||||||||
- | - | - | - | - | - | - | - | 1,169 | 999 |
Total liabilities and stockholders' equity | |||||||||
1,246 | 1,668 | 1,836 | 1,787 | 1,701 | 1,726 | 1,742 | 1,604 | 1,585 | 1,320 |