Seaspan corp (SSW)
Income statement / Quarterly
Sep'17Sep'16Sep'15Jun'13Jun'12Jun'11
Revenue

211,013

224,875

212,861

167,786

167,637

133,672

Operating expenses:
Ship operating

45,378

48,590

49,429

37,344

31,515

32,809

Cost of services, supervision fees

650

2,600

0

-

-

-

Depreciation and amortization

49,835

52,701

51,528

42,840

42,284

32,818

General and administrative

14,034

8,094

6,959

11,833

6,671

5,032

Operating leases (note 12)

30,332

23,817

11,155

1,097

-

-

Loss (gain) on disposals (note 6)

6,606

-16,487

0

-

9,773

-

Expenses related to customer bankruptcy

0

18,883

0

-

-

-

Vessel impairments

0

202,775

0

-

-

-

Total operating expenses

133,623

373,947

119,071

93,114

70,697

70,659

Operating earnings

77,390

-149,072

93,790

74,672

96,940

63,013

Other expenses (income):
Interest expense and amortization of deferred financing fees

28,332

29,952

28,950

-

-

-

Interest expense

-

-

-

15,275

19,157

10,656

Interest income

1,080

1,231

1,611

600

321

172

Undrawn credit facility fees

584

810

758

748

398

1,221

Amortization of deferred charges (note 5)

-

-

-

2,266

2,205

1,423

Refinancing expenses

0

1,190

1,616

-

-

-

Change in fair value of financial instruments (note 19(c))

-2,444

684

-44,774

71,193

-82,084

-84,747

Equity income on investment (note 8)

1,510

-4,562

1,683

-35

-

-

Other expense (income)

-243

-363

-496

987

166

-

Total other expenses (income)

-29,013

-34,962

-73,300

52,482

-103,689

-97,875

Net earnings (loss)

48,377

-184,034

20,490

127,154

-6,749

-34,862

Earnings (loss) per share (note 14):
Class A common share, basic

0.27

-1.86

-

1.67

-0.38

-

Class A common share, diluted

0.26

-1.86

-

1.35

-0.38

-

Class A common share, basic and diluted

-

-

0.07

-

-

-