| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|
Operating revenues | |||||||||
Direct financing lease interest income - related parties | |||||||||
16,362 | 22,850 | 34,193 | 45,363 | 55,385 | 59,214 | 97,757 | 119,445 | 147,498 | 174,948 |
Direct financing and sales-type lease interest income - other | |||||||||
21,903 | 331 | 0 | 0 | 4,231 | 6,501 | 6,859 | 7,332 | 3,870 | 3,674 |
Finance lease service revenues - related parties | |||||||||
35,010 | 44,523 | 46,460 | 46,488 | 52,390 | 64,766 | 69,992 | 76,876 | 88,953 | 93,553 |
Finance lease service revenues - other | |||||||||
- | - | - | - | 1,846 | 0 | 0 | - | - | - |
Profit sharing revenues - related parties | |||||||||
5,753 | 51,470 | 59,607 | 33,756 | 770 | 52,176 | 482 | 30,566 | 33,018 | 110,962 |
Profit sharing revenues - other | |||||||||
61 | 74 | 0 | 0 | - | - | - | - | - | - |
Time charter revenues - related parties | |||||||||
51,832 | 55,265 | 30,319 | 10,039 | 5,647 | 0 | 660 | 698 | 0 | 0 |
Time charter revenues - other | |||||||||
186,577 | 171,483 | 130,459 | 83,013 | 77,778 | 60,258 | 28,789 | 3,731 | 2,836 | 18,646 |
Bareboat charter revenues - related parties | |||||||||
5,736 | 10,075 | 12,596 | 16,364 | 18,324 | 20,701 | 21,276 | 21,863 | 20,402 | 21,188 |
Bareboat charter revenues - other | |||||||||
34,860 | 34,964 | 55,419 | 53,407 | 42,705 | 54,212 | 69,003 | 47,064 | 48,452 | 34,606 |
Voyage charter revenues - other | |||||||||
21,037 | 19,329 | 35,783 | 34,608 | 9,724 | 0 | 0 | - | - | - |
Other operating income | |||||||||
1,747 | 2,587 | 1,904 | 4,449 | 2,060 | 1,864 | 296 | 485 | 191 | 228 |
Total operating revenues | |||||||||
380,878 | 412,951 | 406,740 | 327,487 | 270,860 | 319,692 | 295,114 | 308,060 | 345,220 | 457,805 |
Gain/(loss) on sale of assets and termination of charters, net | |||||||||
1,124 | -167 | 7,364 | 23,931 | 18,025 | 47,386 | 8,468 | 28,104 | - | - |
Operating expenses | |||||||||
Gain on sale of assets | |||||||||
- | - | - | - | - | - | - | - | 24,721 | 17,377 |
Vessel operating expenses - related parties | |||||||||
57,714 | 67,221 | 56,939 | 49,170 | 54,916 | 66,455 | 71,283 | 78,289 | 88,953 | 93,553 |
Vessel operating expenses - other | |||||||||
74,080 | 68,795 | 63,892 | 70,300 | 50,618 | 28,459 | 9,780 | 2,732 | 2,541 | 6,353 |
Depreciation | |||||||||
88,150 | 94,293 | 78,080 | 67,393 | 58,436 | 55,602 | 49,929 | 34,201 | 30,236 | 28,038 |
Vessel impairment charge | |||||||||
0 | 5,314 | 42,410 | 11,800 | 0 | 0 | - | - | 26,756 | 0 |
Administrative expenses - related parties | |||||||||
831 | 1,443 | 1,032 | 965 | 439 | 471 | 504 | 424 | 411 | 1,013 |
Administrative expenses - other | |||||||||
6,601 | 7,629 | 5,705 | 6,644 | 7,110 | 8,471 | 9,381 | 8,673 | 11,780 | 8,823 |
Total operating expenses | |||||||||
227,376 | 244,695 | 248,058 | 206,272 | 171,519 | 159,458 | 140,877 | 124,319 | 160,677 | 137,780 |
Net operating income | |||||||||
154,626 | 168,089 | 166,046 | 145,146 | 117,366 | 207,620 | 162,705 | 211,845 | 209,264 | 337,402 |
Non-operating income / (expense) | |||||||||
Interest income - related parties, long term loans to associated companies | |||||||||
15,265 | 18,675 | 18,672 | 24,464 | 19,575 | 19,575 | 19,575 | 19,575 | 0 | 0 |
Interest income related parties, other | |||||||||
422 | 897 | 13,395 | 4,029 | 482 | 0 | 0 | 493 | 0 | 3,478 |
Interest income - other | |||||||||
3,643 | 2,164 | 7,075 | 11,958 | 10,023 | 7,599 | 3,826 | 1,039 | 240 | - |
Interest expense - related parties | |||||||||
0 | - | - | - | - | - | - | 3,121 | 15,923 | 1,260 |
Interest expense - other | |||||||||
90,414 | 71,843 | 70,583 | 86,081 | 87,225 | 94,851 | 103,378 | 98,311 | 101,152 | 125,932 |
(Loss)/gain on repurchase of bonds | |||||||||
-2,305 | -8,802 | 1,007 | -21 | -1,218 | -122 | 521 | -13 | 20,600 | 0 |
Other than Temporary Impairment Losses, Investments | |||||||||
4,410 | - | - | - | - | 3,353 | 0 | 0 | 7,110 | 0 |
Gain on sale of investment in associated company | |||||||||
- | - | - | 6,055 | 0 | 0 | 4,064 | 0 | 0 | - |
Gain on redemption of loan notes - related parties | |||||||||
- | 0 | 28,904 | 0 | 0 | - | - | - | - | - |
Gain on sale of loan notes and share warrants - other | |||||||||
- | 0 | 44,552 | 0 | 0 | - | - | - | - | - |
Available-for-sale securities impairment charge | |||||||||
- | 0 | 20,552 | 0 | 0 | - | - | - | - | - |
Dividend income from related parties | |||||||||
3,300 | 11,550 | 0 | 0 | - | - | - | - | - | - |
Other financial items, net | |||||||||
-2,684 | -2,089 | -21,289 | -16,232 | 2,003 | 5,876 | -7,040 | -16,208 | 11,050 | -54,876 |
Net income before equity in earnings of associated companies | |||||||||
77,443 | 118,641 | 167,227 | 89,318 | 61,006 | 142,344 | 80,273 | 115,299 | 116,969 | 158,812 |
Equity in earnings of associated companies | |||||||||
23,766 | 27,765 | 33,605 | 33,497 | 28,200 | 43,492 | 50,902 | 50,413 | 75,629 | 22,799 |
Net income | |||||||||
101,209 | 146,406 | 200,832 | 122,815 | 89,206 | 185,836 | 131,175 | 165,712 | 192,598 | 181,611 |
Per share information: | |||||||||
Basic earnings per share | |||||||||
1.06 | 1.57 | 2.15 | 1.32 | 1.00 | 2.31 | 1.66 | 2.10 | 2.59 | 2.50 |
Weighted average number of shares outstanding, basic | |||||||||
- | 93,497 | 93,450 | 93,331 | 89,508 | 80,594 | 79,125 | 79,056 | - | - |
Diluted earnings per share | |||||||||
1.03 | 1.50 | 1.88 | 1.24 | 0.99 | 2.22 | 1.62 | 2.09 | 2.59 | 2.50 |
Weighted average number of shares outstanding, diluted | |||||||||
- | 108,040 | 119,008 | 116,747 | 95,424 | 85,868 | 83,627 | 79,283 | - | - |
Cash dividend per share declared and paid (in dollars per share) | |||||||||
- | 1.80 | 1.74 | 1.63 | 1.17 | 1.86 | 1.55 | 1.34 | - | - |