| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Sep'15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shipping Revenues: | |||||||||||||||||
Shipping revenues | |||||||||||||||||
389,647 | 366,184 | 342,710 | 332,358 | 320,257 | 270,361 | 239,239 | 238,281 | 253,329 | 290,101 | 306,485 | 327,288 | 358,393 | 398,319 | 443,630 | 0 | 0 | 0 |
Operating Expenses: | |||||||||||||||||
Voyage expenses | |||||||||||||||||
24,026 | 26,265 | 27,352 | 31,555 | 31,929 | 27,261 | 24,079 | 17,885 | 13,665 | 15,106 | 14,369 | 14,495 | 13,925 | 13,274 | 14,593 | 0 | 0 | 0 |
Vessel expenses | |||||||||||||||||
125,627 | 123,205 | 124,018 | 128,101 | 128,883 | 135,003 | 137,658 | 140,320 | 144,165 | 141,235 | 143,201 | 141,507 | 140,534 | 141,944 | 139,978 | 0 | 0 | 0 |
Charter hire expenses | |||||||||||||||||
50,558 | 57,512 | 59,424 | 55,782 | 53,472 | 44,910 | 39,440 | 38,659 | 38,972 | 41,700 | 43,334 | 42,989 | 40,547 | 37,411 | 35,268 | 0 | 0 | 0 |
Depreciation and amortization | |||||||||||||||||
74,991 | 75,653 | 75,391 | 75,747 | 73,733 | 72,428 | 74,355 | 75,566 | 77,861 | 78,853 | 77,646 | 77,494 | 78,420 | 79,885 | 80,886 | 0 | 0 | 0 |
General and administrative | |||||||||||||||||
27,459 | 26,798 | 26,296 | 25,281 | 25,048 | 24,304 | 24,094 | 25,176 | 24,208 | 24,453 | 24,595 | 25,811 | 28,442 | 30,352 | 35,817 | 0 | 0 | 0 |
Provision for credit losses, net | |||||||||||||||||
9 | 1,245 | 0 | 0 | 0 | - | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Third-party debt modification fees | |||||||||||||||||
232 | 30 | 21 | 1,323 | 0 | - | 0 | 0 | - | - | 0 | 0 | - | - | - | - | - | - |
Separation and transition costs | |||||||||||||||||
- | - | - | - | - | - | - | - | - | 604 | 6,106 | 8,811 | 9,645 | 9,043 | 0 | 0 | 0 | - |
Gain on disposal of vessels and other property | |||||||||||||||||
2,448 | -308 | -2,515 | -21,347 | -13,059 | -19,680 | -22,599 | 0 | 0 | - | 0 | - | - | -79,203 | -46,231 | 0 | 0 | 0 |
Total operating expenses | |||||||||||||||||
300,454 | 311,016 | 316,298 | 339,124 | 328,758 | 324,892 | 399,787 | 386,470 | 401,408 | 398,046 | 353,521 | 398,420 | 390,887 | 391,112 | 356,198 | 0 | 0 | 0 |
Income from vessel operations | |||||||||||||||||
89,193 | 55,168 | 26,412 | -6,766 | -8,501 | -54,531 | -160,548 | -148,189 | -148,079 | -107,945 | -47,036 | -71,132 | -32,494 | 7,207 | 87,432 | 0 | 0 | 0 |
Equity in income of affiliated companies | |||||||||||||||||
8,254 | 11,213 | 31,491 | 28,355 | 29,162 | 29,432 | 31,198 | 38,656 | 43,700 | 48,966 | 21,024 | 20,716 | 18,835 | 16,849 | 47,071 | 0 | 0 | 0 |
Operating income | |||||||||||||||||
97,447 | 66,381 | 57,903 | 21,589 | 20,661 | -25,099 | -129,350 | -109,533 | -104,379 | -58,979 | -26,012 | -50,416 | -13,659 | 24,056 | 134,503 | 0 | 0 | 0 |
Other (expense)/income | |||||||||||||||||
-15,411 | -943 | 2,408 | 2,344 | -3,358 | -3,715 | -3,647 | -3,562 | -5,343 | -5,818 | -6,478 | -9,027 | -2,558 | -1,346 | -1,000 | 0 | 0 | 0 |
Income before interest expense and income taxes | |||||||||||||||||
82,036 | 65,438 | 60,311 | 23,933 | 17,303 | -28,814 | -132,997 | -113,095 | -109,722 | -64,797 | -32,490 | -59,443 | -16,217 | 22,710 | 133,503 | 0 | 0 | 0 |
Interest expense | |||||||||||||||||
60,743 | 66,267 | 70,190 | 70,500 | 66,143 | 60,231 | 53,597 | 47,509 | 43,701 | 41,247 | 40,088 | 38,375 | 38,787 | 40,362 | 41,001 | 0 | 0 | 0 |
Income before income taxes | |||||||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - | -17,652 | 91,549 | 0 | 0 | 0 |
Reorganization items, net | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 131 | 9,793 | 0 | 0 | 0 |
Loss before income taxes | |||||||||||||||||
- | - | -9,879 | -46,567 | - | - | -186,594 | -160,604 | -153,423 | - | -72,811 | -101,900 | -59,606 | -17,783 | 92,604 | 0 | 0 | 0 |
Income tax benefit/(provision) | |||||||||||||||||
- | - | - | - | - | -105 | 24 | 44 | 48 | 44 | 314 | 271 | 440 | 440 | 184 | 0 | 0 | 0 |
Net income | |||||||||||||||||
21,292 | -830 | -9,763 | -46,454 | -48,727 | -88,940 | -186,618 | -160,648 | -153,471 | -106,088 | -73,125 | -102,171 | -60,046 | -18,223 | 91,467 | 0 | 0 | 0 |
Weighted Average Number of Common Shares Outstanding: | |||||||||||||||||
Basic | |||||||||||||||||
29,154 | - | 29,249 | 29,220 | 29,181 | - | 29,154 | 29,130 | 29,106 | - | 29,202 | 29,194 | 29,180 | 29,159 | 29,157 | 29,157 | 29,157 | - |
Diluted | |||||||||||||||||
29,348 | - | 29,249 | 29,220 | 29,223 | - | 29,154 | 29,130 | 29,106 | - | 29,202 | 29,194 | 29,195 | 29,159 | 29,157 | 29,157 | 29,157 | - |
Basic and diluted | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 29,157 |
Per Share Amounts: | |||||||||||||||||
Basic net income per share | |||||||||||||||||
1.13 | - | - | - | 0.37 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Diluted net income per share | |||||||||||||||||
1.12 | - | - | - | 0.37 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Basic and diluted net loss per share | |||||||||||||||||
- | - | -0.38 | -0.57 | - | 0.25 | -1.64 | -0.65 | -1.01 | -3.11 | -0.75 | -0.40 | 0.62 | -1.98 | -1.74 | 1.05 | 2.05 | 1.78 |
Pool Revenue Leases [Member] | |||||||||||||||||
Shipping revenues | |||||||||||||||||
287,627 | 254,055 | 229,998 | 220,441 | 209,329 | 177,206 | 153,273 | 154,350 | 163,088 | 177,347 | 176,018 | 181,074 | 205,440 | 246,196 | 297,886 | 0 | 0 | 0 |
Time and Bareboat Charter Leases [Member] | |||||||||||||||||
Shipping revenues | |||||||||||||||||
30,709 | 27,625 | 25,207 | 23,501 | 23,568 | 25,961 | 31,743 | 37,835 | 45,669 | 55,106 | 64,945 | 76,933 | 91,151 | 95,484 | 89,479 | 0 | 0 | 0 |
Voyage Charter Leases [Member] | |||||||||||||||||
Shipping revenues | |||||||||||||||||
71,311 | 84,504 | 87,505 | 88,416 | 87,360 | 67,194 | 54,223 | 46,096 | 44,572 | 57,648 | 65,522 | 69,281 | 61,802 | 56,639 | 56,265 | 0 | 0 | 0 |