| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Shipping Revenues: | ||||||
Shipping revenues | ||||||
366,184 | 270,361 | 290,101 | 398,319 | 497,634 | 517,018 | |
Operating Expenses: | ||||||
Voyage expenses | ||||||
26,265 | 27,261 | 15,106 | 13,274 | 21,844 | 170,031 | |
Vessel expenses | ||||||
123,205 | 135,003 | 141,235 | 141,944 | 143,925 | 133,772 | |
Charter hire expenses | ||||||
57,512 | 44,910 | 41,700 | 37,411 | 36,802 | 60,955 | |
Depreciation and amortization | ||||||
75,653 | 72,428 | 78,853 | 79,885 | 81,653 | 84,931 | |
General and administrative | ||||||
26,798 | 24,304 | 24,453 | 30,352 | 41,029 | 52,597 | |
Provision for credit losses, net | ||||||
1,245 | - | - | - | - | - | |
Third-party debt modification fees | ||||||
30 | 1,306 | 9,240 | - | - | - | |
Severance costs | ||||||
- | - | - | - | - | 16,666 | |
Separation and transition costs | ||||||
- | - | 604 | 9,043 | - | - | |
Technical management transition costs | ||||||
- | - | - | - | 39 | 3,417 | |
Gain on disposal of vessels and other property | ||||||
-308 | -19,680 | -86,855 | -79,203 | 4,459 | 9,955 | |
Total operating expenses | ||||||
311,016 | 324,892 | 398,046 | 391,112 | 320,833 | 512,414 | |
Income from vessel operations | ||||||
55,168 | -54,531 | -107,945 | 7,207 | 176,801 | 4,604 | |
Equity in income of affiliated companies | ||||||
11,213 | 29,432 | 48,966 | 16,849 | 45,559 | 37,872 | |
Operating income | ||||||
66,381 | -25,099 | -58,979 | 24,056 | 222,360 | 42,476 | |
Other (expense)/income | ||||||
-943 | -3,715 | -5,818 | -1,346 | 743 | -45 | |
Income before interest expense and income taxes | ||||||
65,438 | -28,814 | -64,797 | 22,710 | 223,103 | 42,431 | |
Interest expense | ||||||
66,267 | 60,231 | 41,247 | 40,362 | 44,134 | 56,258 | |
Income before income taxes | ||||||
-829 | -89,045 | -106,044 | -17,652 | 178,969 | -13,827 | |
Reorganization items, net | ||||||
- | - | - | 131 | 5,659 | 104,528 | |
Loss before income taxes | ||||||
- | - | - | -17,783 | 173,310 | -118,355 | |
Income tax benefit/(provision) | ||||||
1 | -105 | 44 | 440 | 140 | 744 | |
Net income | ||||||
-830 | -88,940 | -106,088 | -18,223 | 173,170 | -119,099 | |
Weighted Average Number of Common Shares Outstanding: | ||||||
Basic | ||||||
- | - | - | 29,157 | 29,157 | - | |
Diluted | ||||||
- | - | - | 29,157 | 29,157 | - | |
Basic and diluted | ||||||
29,225 | 29,136 | 29,159 | - | - | 29,157 | |
Per Share Amounts: | ||||||
Basic and diluted net loss per share | ||||||
-0.03 | -3.05 | -3.64 | -0.62 | 5.94 | -4.08 | |
Pool Revenue Leases [Member] | ||||||
Shipping revenues | ||||||
254,055 | 177,206 | 177,347 | 246,196 | 360,218 | 180,813 | |
Time and Bareboat Charter Leases [Member] | ||||||
Shipping revenues | ||||||
27,625 | 25,961 | 55,106 | 95,484 | 52,092 | 44,846 | |
Voyage Charter Leases [Member] | ||||||
Shipping revenues | ||||||
84,504 | 67,194 | 57,648 | 56,639 | 85,324 | 291,359 | |
Parent Company [Member] | ||||||
Shipping revenues | ||||||
- | - | - | 2 | - | - | |
Voyage expenses | ||||||
- | - | - | -1,318 | - | - | |
Vessel expenses | ||||||
- | - | - | -778 | - | - | |
Charter hire expenses | ||||||
- | - | - | -457 | - | - | |
Depreciation and amortization | ||||||
- | - | - | 783 | - | - | |
General and administrative | ||||||
- | - | - | 25,467 | - | - | |
Separation and transition costs | ||||||
- | - | - | 6,077 | - | - | |
Loss on disposal of vessels and other property, including impairments | ||||||
- | - | - | -30 | - | - | |
Total operating expenses | ||||||
- | - | - | 29,804 | - | - | |
(Loss)/income from vessel operations | ||||||
- | - | - | -29,802 | - | - | |
Equity in income of affiliated companies | ||||||
- | - | - | 53,586 | - | - | |
Operating (loss)/income | ||||||
- | - | - | 23,784 | - | - | |
Other expense | ||||||
- | - | - | -2,583 | - | - | |
(Loss)/income before interest expense, reorganization items and income taxes | ||||||
- | - | - | 21,201 | - | - | |
Interest expense | ||||||
- | - | - | 39,278 | - | - | |
Loss before reorganization items and income taxes | ||||||
- | - | - | -18,077 | - | - | |
Reorganization items, net | ||||||
- | - | - | 131 | - | - | |
Loss before income taxes | ||||||
- | - | - | -18,208 | - | - | |
Income tax benefit/(provision) | ||||||
- | - | - | 15 | - | - | |
Net loss | ||||||
- | - | - | -18,223 | - | - | |