SAFE BULKERS, INC. SB Balance Sheet

Safe bulkers, inc. (SB)

Balance Sheet / TTM

Dec'17	Dec'16	Sep'16	Jun'16	Dec'15	Dec'14	Dec'13	Sep'13	Dec'12	Dec'11	Dec'10
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
46,199	81,618	59,034	82,972	130,743	107,311	64,671	21,167	102,724	28,121	65,335
Time deposits
12,157	12,000	9,952	27,500	1,500	0	-	-	-	-	-
Accounts receivable
10,608	8,235	6,384	7,510	6,540	4,530	36,372	39,355	37,047	5,550	-
Assets held for sale
-	-	0	0	31,995	0	-	-	-	-	-
Due from Manager
418	601	540	1,467	946	0	-	-	-	-	-
Accounts receivable trade
-	-	-	-	-	-	-	-	-	-	1,285
Due from Manager
-	-	-	-	-	-	-	-	-	24	0
Inventories
4,227	5,174	3,895	5,263	5,167	11,185	12,600	7,733	5,900	2,653	1,417
Derivative assets
62	0	6	-	-	-	-	-	-	-	-
Accrued revenue
2,029	166	193	417	87	212	0	376	554	0	-
Restricted cash
1,660	1,195	9,608	6,904	64,505	10,939	6,750	9,000	22,800	0	-
Prepaid expenses and other current assets
1,726	2,019	2,380	2,340	1,679	1,715	2,792	2,886	2,804	1,611	1,159
Investment
-	-	-	-	-	-	50,000	-	0	-	35,080
Total current assets
79,086	111,008	91,992	134,373	243,162	135,892	173,185	80,517	171,829	37,959	104,276
FIXED ASSETS:
Vessels, net
942,876	1,038,719	1,051,405	1,032,894	988,161	960,423	855,200	864,979	810,001	655,356	541,244
Advances for vessels
3,653	13,007	12,890	38,390	68,356	74,243	76,299	50,410	39,902	122,307	99,014
Total fixed assets
946,529	1,051,726	1,064,295	1,071,284	1,056,517	1,034,666	931,499	915,389	849,903	777,663	640,258
OTHER NON CURRENT ASSETS:
Deferred financing costs
-	-	0	557	1,016	701	-	-	-	-	-
Deferred finance charges, net
-	-	-	-	-	-	5,347	5,549	6,467	6,226	930
Restricted cash
8,651	10,002	10,275	10,284	7,837	4,263	1,423	3,923	3,923	5,423	5,423
Derivative assets - Long-term
0	88	2	0	181	455	762	654	0	-	4,485
Accrued revenue
831	929	969	1,008	918	452	0	92	92	0	-
Long-term investment
-	-	-	-	-	-	-	50,000	50,000	50,000	50,000
Total assets
1,035,097	1,173,753	1,167,533	1,217,506	1,309,631	1,176,429	1,112,216	1,056,124	1,082,214	877,271	805,372
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt, net
25,588	12,177	11,560	31,306	77,467	15,732	-	-	-	-	-
Liability directly associated with assets held for sale, net
-	-	0	0	16,724	0	-	-	-	-	-
Current portion of long-term debt
-	-	-	-	-	-	35,185	34,848	19,199	18,486	27,674
Unearned revenue
3,540	2,040	1,703	1,436	1,956	3,599	13,106	13,257	18,205	23,211	10,685
Trade accounts payable
4,137	5,392	5,667	4,935	5,277	3,014	4,109	3,793	3,061	1,183	1,470
Accrued liabilities
3,666	4,153	2,496	3,066	3,984	4,467	3,865	3,685	6,364	6,556	5,903
Derivative liabilities
2	17	64	168	318	493	732	383	591	2,237	6,802
Due to Manager
-	-	-	-	-	24	307	2,142	73	-	-
Due to Manager
-	-	-	-	-	-	-	-	-	0	449
Total current liabilities
36,933	23,779	21,490	40,911	105,726	27,329	57,304	58,108	47,493	51,673	52,983
Derivatives liabities - Long-term
0	157	457	959	360	1,065	3,270	4,566	8,978	10,130	9,787
Long-term debt, net
541,816	569,781	572,816	576,314	569,399	447,936	-	-	-	-	-
Other liabilities
0	1,500	1,960	-	0	-	-	-	-	-	-
Long-term debt, net of current portion
-	-	-	-	-	-	473,110	485,301	596,468	465,805	467,070
Unearned revenue - Long-term
-	-	-	-	-	-	196	3,018	3,419	17,821	31,399
Total liabilities
578,749	595,217	596,723	618,184	675,485	476,330	533,880	550,993	656,358	545,429	561,239
COMMITMENTS AND CONTINGENCIES
0	0	0	0	0	0	0	-	0	0	0
SHAREHOLDERS' EQUITY:
Common stock, $0.001 par value; 200,000,000 authorized, 99,251,628 and 101,526,708 issued and outstanding at December 31, 2016 and 2017, respectively
102	99	83	83	83	83	83	77	77	71	66
Preferred stock, $0.01 par value; 20,000,000 authorized, 1,490,603 Series B Preferred Shares and 379,514 Series B Preferred Shares, 2,300,000 and 2,300,000 Series C Preferred Shares, 3,200,000 and 3,200,000 Series D Preferred Shares, issued and outstanding at December 31, 2016 and 2017, respectively
59	70	70	70	71	71	16	16	0	0	-
Treasury stock, $0.001 par value; 113,076 shares repurchased at December 31, 2016 and December 31, 2017, respectively
120	120	120	107	0	-	-	-	-	-	-
Additional paid in capital
361,202	384,241	368,393	368,863	369,731	370,201	237,212	189,208	150,269	114,918	75,166
Retained earnings
95,105	194,246	202,384	230,413	264,261	329,744	341,025	315,830	275,510	216,853	168,901
Total shareholders' equity
456,348	578,536	570,810	599,322	634,146	700,099	578,336	505,131	425,856	331,842	-
Total shareholders' equity
-	-	-	-	-	-	-	-	-	-	244,133
Total liabilities and shareholders' equity
1,035,097	1,173,753	1,167,533	1,217,506	1,309,631	1,176,429	1,112,216	1,056,124	1,082,214	877,271	805,372