| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|
Operating revenues: (Notes 3 and 12) | ||||||
Time charter and bareboat revenues | ||||||
212,501 | 172,878 | 154,750 | 112,784 | 73,151 | 62,078 | 41,809 |
Voyage revenue | ||||||
- | - | - | - | - | - | 2,100 |
Loss of hire insurance recoveries | ||||||
5,176 | - | - | - | 250 | 3,575 | - |
Other income | ||||||
1,526 | 793 | 274 | 57 | - | - | - |
Total revenues | ||||||
219,203 | 173,671 | 155,024 | 112,841 | 73,401 | 65,653 | 43,909 |
Operating expenses: (Note 12) | ||||||
Voyage expenses (Note 2(d)) | ||||||
- | - | - | - | - | - | 2,653 |
Vessel operating expenses (Note 2(e)) | ||||||
46,709 | 30,903 | 27,543 | 23,879 | 14,288 | 13,000 | 10,795 |
Depreciation | ||||||
71,583 | 56,230 | 48,844 | 34,322 | 23,768 | 21,181 | 16,229 |
General and administrative expenses | ||||||
5,555 | 4,371 | 4,290 | 4,323 | 5,361 | 4,834 | 927 |
Goodwill impairment charge (Note 9) | ||||||
- | - | 6,217 | - | - | - | - |
Total operating expenses | ||||||
123,847 | 91,504 | 86,894 | 62,524 | 43,417 | 39,015 | 30,604 |
Operating income | ||||||
95,356 | 82,167 | 68,130 | 50,317 | 29,984 | 26,638 | 13,305 |
Finance income (expense): (Note 12): | ||||||
Interest income | ||||||
248 | 24 | 8 | 13 | 30 | 19 | 34 |
Interest expense (Note 5) | ||||||
30,714 | 20,867 | 17,451 | 15,271 | 10,773 | 13,471 | 9,650 |
Other finance expense (Note 5) | ||||||
1,406 | 1,311 | 504 | 1,271 | 2,048 | 3,378 | 2,741 |
Realized and unrealized gain (loss) on derivative instruments (Note 6) | ||||||
4,831 | 1,213 | -9,695 | -6,407 | 505 | -6,031 | -15,489 |
Net gain (loss) on foreign currency transactions | ||||||
-267 | -139 | -105 | 26 | 193 | -1,771 | -3,037 |
Total finance expense | ||||||
27,308 | 21,080 | 27,747 | 22,910 | 12,093 | 24,632 | 30,883 |
Income before income taxes | ||||||
68,048 | 61,087 | 40,383 | 27,407 | 17,891 | 2,006 | -17,578 |
Income tax benefit (Note 8) | ||||||
-16 | -15 | -59 | 15 | 2,827 | 1,261 | -1,240 |
Net income | ||||||
68,064 | 61,102 | 40,442 | 27,392 | 15,064 | 745 | -16,338 |
Net income | ||||||
68,064 | 61,102 | 40,442 | 27,392 | 15,064 | 745 | -16,338 |
Series A Preferred unitholders' interest in net income | ||||||
-5,253 | - | - | - | - | - | - |
General Partner's interest in net income | ||||||
1,160 | 1,256 | 767 | 536 | 301 | - | - |
Limited Partners' interest in net income | ||||||
61,651 | 59,846 | 39,675 | 26,856 | 14,764 | - | - |
Cash distributions declared and paid per unit (Note 20) | ||||||
- | - | - | 1.79 | 0.75 | - | - |