| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
Net pool revenues (notes 14e and 14h) | ||||||||
139,936 | 310,108 | 381,028 | 148,265 | 69,675 | 62,328 | 48,158 | - | - |
Voyage charter revenues | ||||||||
Time-charter revenues | ||||||||
Other revenues | ||||||||
Net pool revenues | ||||||||
Time-charter revenues (note 14e) | ||||||||
112,100 | 97,374 | 75,375 | 97,847 | 98,248 | 123,364 | 155,591 | 157,595 | - |
Net pool revenues from affiliates (note 8a) | ||||||||
- | - | - | - | - | - | - | 74,587 | - |
Voyage charter revenues | ||||||||
125,774 | 90,032 | 41,874 | 8,515 | 4,415 | 238 | - | 2,871 | - |
Interest income from investment in term loans | ||||||||
- | - | - | 9,118 | 7,677 | 11,499 | - | - | - |
Other revenues (note 20) | ||||||||
53,368 | 53,029 | 36,404 | 12,448 | - | - | - | - | - |
Interest income from investment in term loans (note 4) | ||||||||
- | - | - | - | - | - | 11,323 | 5,297 | - |
Total revenues | ||||||||
431,178 | 550,543 | 534,681 | 276,193 | 180,015 | 197,429 | 215,072 | 240,350 | - |
Voyage expenses (note 14e) | ||||||||
77,368 | 53,604 | 18,727 | 9,968 | 8,337 | - | - | - | - |
Vessel operating expenses (note 13a) | ||||||||
175,389 | 182,598 | 137,164 | 98,403 | 91,667 | - | - | - | - |
Voyage expenses (note 9a) | ||||||||
- | - | - | - | - | 4,618 | 3,449 | 5,301 | - |
Vessel operating expenses (note 9a) | ||||||||
- | - | - | - | - | 96,160 | 92,543 | 81,650 | - |
Time-charter hire expense | ||||||||
30,661 | 59,647 | 74,898 | 32,706 | 6,174 | 3,950 | 4,046 | - | - |
Time charter revenues (note 14b) | ||||||||
- | - | - | - | - | - | - | - | 140,529 |
Net pool revenues (note 14b and 14e) | ||||||||
- | - | - | - | - | - | - | - | 117,578 |
Voyage charter revenues | ||||||||
- | - | - | - | - | - | - | - | 6,202 |
Total revenues | ||||||||
- | - | - | - | - | - | - | - | 264,309 |
Voyage expenses (note 14b and 14e) | ||||||||
- | - | - | - | - | - | - | - | 7,503 |
Vessel operating expenses (notes 14b and 14c) | ||||||||
- | - | - | - | - | - | - | - | 79,460 |
Depreciation and amortization | ||||||||
100,481 | 104,149 | 73,760 | 53,292 | 50,973 | 72,365 | 74,482 | 77,317 | 76,201 |
General and administrative expenses (note 13a) | ||||||||
32,879 | 33,199 | 30,403 | 25,130 | - | 7,985 | 7,671 | 16,620 | 19,875 |
General and administrative expenses (note 16e) | ||||||||
- | - | - | - | 13,522 | - | - | - | - |
(Loss) gain on sale of vessels | ||||||||
- | - | - | 9,955 | -71 | - | - | - | - |
General and administrative expenses (note 12a) | ||||||||
- | - | - | - | 13,522 | - | - | - | - |
(Loss) gain on sale of vessels (note 14) | ||||||||
-12,984 | -20,594 | 771 | - | - | - | - | - | - |
Asset impairments (note 13) | ||||||||
- | - | - | - | - | 352,546 | - | - | - |
Restructuring charges | ||||||||
0 | 0 | 6,795 | 812 | - | - | - | - | - |
Vessel impairment and net loss on sale of vessels (note 17) | ||||||||
- | - | - | - | - | - | -58,034 | - | - |
Vessel impairment and net loss on sale of vessels (note 18) | ||||||||
- | - | - | - | - | - | - | 1,864 | - |
Goodwill impairment charge (note 6) | ||||||||
- | - | - | - | - | - | 19,294 | - | - |
Total operating expenses | ||||||||
- | - | - | - | - | - | 259,519 | 182,752 | 183,039 |
Loss from operations | ||||||||
1,416 | 96,752 | 193,705 | 65,837 | 9,271 | -340,195 | -44,447 | 57,598 | 81,270 |
Interest expense | ||||||||
31,294 | 29,784 | 17,389 | 8,874 | 10,454 | 20,009 | 40,539 | 51,140 | 36,215 |
Interest income | ||||||||
907 | 117 | 122 | 445 | 158 | 50 | 71 | 100 | 70 |
Realized and unrealized gain (loss) on derivative instruments (note 9) | ||||||||
1,319 | -964 | -1,597 | 5,229 | - | - | - | - | - |
Realized and unrealized loss on derivative instruments | ||||||||
- | - | - | - | -1,524 | -7,963 | -27,783 | -28,684 | 11,958 |
Equity (loss) income (note 6) | ||||||||
-25,370 | 7,680 | 11,528 | 4,951 | 854 | -1 | 0 | - | - |
Other expense (note 10) | ||||||||
-5,001 | -5,978 | -2,743 | 1,318 | -1,014 | - | -377 | -1,016 | - |
Other expenses (note 11) | ||||||||
- | - | - | - | - | - | - | - | 1,623 |
Other (expense) income | ||||||||
- | - | - | - | - | -2,063 | -68,628 | -80,740 | -25,810 |
Net loss | ||||||||
-58,023 | 67,823 | 183,626 | 68,906 | -2,709 | -370,181 | -113,075 | -23,142 | 55,460 |
Per common share amounts (note 15) | ||||||||
- Basic (loss) earnings per share (usd per share) | ||||||||
-0.31 | 0.40 | 1.26 | 0.66 | -0.10 | -4.54 | - | - | - |
- Diluted (loss) earnings per share (usd per share) | ||||||||
-0.31 | 0.40 | 1.25 | 0.65 | -0.10 | -4.54 | - | - | - |
Basic and diluted loss (note 16) | ||||||||
- | - | - | - | - | - | -0.15 | 0.37 | 1.28 |
- Cash dividends declared (usd per share) | ||||||||
0.12 | 0.18 | 0.24 | 0.12 | 0.12 | 0.40 | 0.83 | 1.28 | 1.86 |
Weighted-average number of Class A and Class B common stock outstanding (note 15) | ||||||||
Basic (in shares) | ||||||||
187,235 | 170,098 | 143,911 | 99,657 | 83,591 | 79,539 | - | - | - |
Diluted (in shares) | ||||||||
187,235 | 170,340 | 144,492 | 100,022 | 83,591 | 79,539 | - | - | - |
- Basic and Diluted (in shares) | ||||||||
- | - | - | - | - | - | 60,770 | 42,330 | 28,643 |