| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|
Revenues | ||||||
Operating revenue | ||||||
298,595 | 294,112 | 315,223 | 304,875 | 234,287 | 146,716 | 88,874 |
Other cargo revenue | ||||||
- | - | - | - | 4,051 | - | - |
Operating revenue | ||||||
298,595 | 294,112 | 315,223 | 304,875 | 238,338 | 146,716 | 88,874 |
Expenses | ||||||
Brokerage commissions | ||||||
5,368 | 5,812 | 6,995 | 6,697 | 5,473 | 4,233 | 2,664 |
Voyage expenses | ||||||
55,542 | 42,201 | 33,687 | 45,003 | 49,336 | 27,790 | 17,660 |
Cost of cargo sold | ||||||
- | - | - | - | 4,255 | - | - |
Charter-in costs | ||||||
- | - | - | 9,111 | 6,834 | 11,287 | 343 |
Vessel operating expenses | ||||||
100,968 | 90,854 | 78,842 | 70,198 | 56,030 | 32,826 | 22,938 |
Depreciation and amortization | ||||||
73,588 | 62,280 | 53,453 | 45,809 | 36,608 | 24,179 | 18,677 |
General and administrative costs | ||||||
13,816 | 12,528 | 11,011 | 10,335 | 6,147 | 5,273 | 4,232 |
Other corporate expenses | ||||||
2,131 | 1,976 | 2,553 | 2,260 | 3,496 | 1,401 | 1,165 |
Profit from sale of vessel | ||||||
- | - | 550 | - | - | - | - |
Vessel write down following collision | ||||||
- | - | 10,500 | - | - | - | - |
Insurance recoverable from vessel repairs | ||||||
- | -504 | 9,892 | - | - | - | - |
Total operating expenses | ||||||
251,413 | 216,155 | 186,599 | 189,413 | 168,179 | 106,994 | 67,683 |
Operating income | ||||||
47,182 | 77,957 | 128,624 | 115,462 | 70,159 | 39,722 | 21,190 |
Other income/(expense) | ||||||
Interest expense | ||||||
37,691 | 32,321 | 28,085 | 27,051 | 27,563 | 8,735 | 2,442 |
Write off of deferred financing costs | ||||||
786 | 102 | 1,797 | - | - | - | - |
Write off of call premium and redemption charges on 9% unsecured bond | ||||||
3,517 | - | - | - | - | - | - |
Interest income | ||||||
519 | 281 | 152 | 230 | 99 | 64 | 8 |
Income/(loss) before income taxes | ||||||
5,707 | 45,815 | 98,894 | 88,641 | 42,695 | 31,050 | 18,757 |
Income taxes | ||||||
397 | 1,177 | 800 | 904 | 506 | 515 | 107 |
Net income/(loss) | ||||||
5,310 | 44,638 | 98,094 | 87,737 | 42,189 | 30,535 | 18,650 |
Earnings per share: | ||||||
Basic: | ||||||
0.10 | 0.81 | 1.77 | 1.59 | 0.92 | 0.82 | - |
Diluted: | ||||||
0.10 | 0.80 | 1.76 | 1.58 | 0.92 | 0.82 | - |
Weighted average number of shares outstanding: | ||||||
Basic: | ||||||
55,508 | 55,418 | 55,360 | 55,336 | 46,031 | 37,294 | - |
Diluted: | ||||||
55,881 | 55,794 | 55,706 | 55,483 | 46,031 | 37,294 | - |
Basic and diluted: | ||||||
- | - | - | 0.00 | 0.00 | 0.06 | 0.31 |
Basic and diluted | ||||||
- | - | - | - | - | - | 0.60 |
Basic and diluted | ||||||
- | - | - | - | - | - | 31,195 |