| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||
831,324 | 877,905 | 819,024 | 717,170 | 677,090 | 660,794 | 565,610 | 407,211 | 285,594 |
Operating expenses: | ||||||||
Ship operating | ||||||||
183,916 | 192,327 | 193,836 | 166,097 | 150,105 | 138,655 | 135,696 | 108,098 | 80,162 |
Cost of services, supervision fees | ||||||||
1,300 | 7,390 | 1,950 | 0 | - | - | - | - | - |
Depreciation and amortization | ||||||||
199,938 | 216,098 | 204,862 | 181,527 | 172,459 | 165,541 | 140,354 | 101,026 | 69,996 |
General and administrative | ||||||||
40,091 | 32,118 | 27,338 | 30,462 | 34,783 | 24,617 | 16,818 | 9,612 | 7,968 |
Operating leases (note 12) | ||||||||
115,544 | 85,910 | 40,270 | 9,544 | 4,388 | 3,145 | - | - | - |
Loss (gain) on disposals (note 6) | ||||||||
13,604 | -31,876 | 0 | 0 | - | 9,773 | -16,237 | - | - |
Expenses related to customer bankruptcy | ||||||||
1,013 | 19,732 | 0 | 0 | - | - | - | - | - |
Vessel impairments | ||||||||
0 | 285,195 | 0 | 0 | - | - | - | - | - |
Total operating expenses | ||||||||
528,198 | 870,646 | 468,256 | 387,630 | 361,735 | 322,185 | 309,105 | 218,736 | 158,126 |
Operating earnings | ||||||||
303,126 | 7,259 | 350,768 | 329,540 | 315,355 | 338,609 | 256,505 | 188,475 | 127,468 |
Other expenses (income): | ||||||||
Interest expense and amortization of deferred financing fees | ||||||||
116,389 | 119,882 | 108,693 | 98,501 | - | - | - | - | - |
Interest expense | ||||||||
- | - | - | - | 60,496 | 71,996 | 50,849 | 28,801 | 21,194 |
Interest income | ||||||||
4,558 | 8,455 | 11,026 | 10,653 | 2,045 | 1,190 | 854 | - | 311 |
Undrawn credit facility fees | ||||||||
2,173 | 2,673 | 3,100 | 3,109 | 2,725 | 1,516 | 4,282 | 4,515 | 4,641 |
Amortization of deferred charges (note 5) | ||||||||
- | - | - | - | 9,477 | 8,574 | 3,421 | 1,933 | 2,042 |
Refinancing expenses | ||||||||
0 | 1,962 | 5,770 | 70 | 4,038 | - | - | - | - |
Interest income | ||||||||
- | - | - | - | - | - | - | 60 | - |
Change in fair value of financial instruments (note 19(c)) | ||||||||
-12,631 | -29,118 | -54,576 | -105,694 | 60,504 | -135,998 | -281,027 | -241,033 | 46,450 |
Equity income on investment (note 8) | ||||||||
5,835 | 188 | 5,107 | 256 | -670 | -259 | -1,180 | - | - |
Other expense (income) | ||||||||
-7,089 | -1,306 | 4,629 | -1,828 | -1,470 | 151 | - | - | 1,100 |
Total other expenses (income) | ||||||||
-127,889 | -146,298 | -151,377 | -198,293 | -16,327 | -217,304 | -339,905 | -276,222 | 17,784 |
Net earnings (loss) | ||||||||
175,237 | -139,039 | 199,391 | 131,247 | 299,028 | 121,305 | -83,400 | -87,747 | 145,252 |
Earnings (loss) per share (note 14): | ||||||||
Class A common share, basic | ||||||||
0.94 | -1.89 | 1.46 | 0.80 | 3.36 | 0.84 | -2.04 | -1.70 | 1.94 |
Class A common share, diluted | ||||||||
0.94 | -1.89 | 1.46 | 0.79 | 2.93 | 0.81 | -2.04 | -1.70 | 1.75 |
Class A common share, basic and diluted | ||||||||
- | - | - | - | - | - | - | - | 0.00 |