| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
VOYAGE REVENUES: | ||||||||
529,182 | 481,790 | 587,715 | 501,013 | 418,379 | 393,989 | 395,162 | 408,006 | 444,926 |
EXPENSES: | ||||||||
Commissions | ||||||||
- | - | - | - | - | 12,215 | 14,290 | 13,837 | 16,086 |
Voyage expenses | ||||||||
113,403 | 106,403 | 131,878 | 154,143 | 132,999 | 111,797 | 127,156 | 85,813 | 77,224 |
Charter hire expense | ||||||||
311 | 0 | 0 | - | - | - | - | - | - |
Charter hire expense (Note 5) | ||||||||
- | - | - | - | - | - | - | 1,905 | 0 |
Vessel operating expenses | ||||||||
173,864 | 146,546 | 142,117 | 146,902 | 131,053 | 133,251 | 129,884 | 126,022 | 144,586 |
Depreciation and amortization | ||||||||
139,020 | 113,420 | 105,931 | 102,891 | 100,413 | - | - | - | - |
Depreciation | ||||||||
- | - | - | - | - | 94,340 | 101,050 | 92,889 | 94,279 |
Amortization of deferred dry-docking costs | ||||||||
- | - | - | - | - | 4,910 | 4,878 | 4,553 | 7,243 |
Management fees (Note 2(a)) | ||||||||
- | - | - | - | - | 15,887 | 15,598 | 14,143 | 13,273 |
General and administrative expenses | ||||||||
26,324 | 25,611 | 21,787 | 21,029 | 20,731 | 4,093 | 4,292 | 3,627 | 4,069 |
Management incentive award | ||||||||
- | - | - | - | - | - | - | 425 | 0 |
Stock compensation expense (Note 9) | ||||||||
- | - | - | - | - | 730 | 820 | 1,068 | 1,087 |
Foreign currency (gains)/losses | ||||||||
- | - | - | - | - | -30 | -458 | 378 | -730 |
Loss on sale of vessel | ||||||||
-3,860 | 0 | 2,078 | 0 | 0 | -1,879 | 5,001 | 19,670 | 5,122 |
Vessels impairment charge | ||||||||
8,922 | 0 | 0 | - | 28,290 | 13,567 | 39,434 | 3,077 | 19,066 |
Total expenses | ||||||||
465,704 | 391,980 | 399,635 | 424,965 | 413,486 | 392,699 | 432,859 | 327,311 | 372,521 |
Operating income | ||||||||
63,478 | 89,810 | 188,080 | 76,048 | 4,893 | 1,290 | -37,697 | 80,695 | 72,405 |
OTHER INCOME (EXPENSES): | ||||||||
Interest and finance costs, net (Note 6) | ||||||||
56,839 | 35,873 | 30,019 | 43,074 | 40,917 | 51,576 | 53,571 | 62,283 | 45,877 |
Interest income | ||||||||
1,082 | 623 | 234 | 498 | 366 | 1,348 | 2,715 | 2,626 | 3,572 |
Other, net | ||||||||
1,464 | 1,935 | 128 | 246 | -2,912 | -118 | -397 | -3 | 75 |
Total other expenses, net | ||||||||
-54,293 | -33,315 | -29,657 | -42,330 | -43,463 | -50,346 | -51,253 | -59,660 | -42,230 |
Net (loss) income | ||||||||
9,185 | 56,495 | 158,423 | 33,718 | -38,570 | -49,056 | -88,950 | 21,035 | 30,175 |
Less: Net loss (income) attributable to the non-controlling interest | ||||||||
1,573 | 712 | 206 | 191 | -1,108 | 207 | 546 | 1,267 | 1,490 |
Net (loss) income attributable to Tsakos Energy Navigation Limited | ||||||||
7,612 | 55,783 | 158,217 | 33,527 | -37,462 | -49,263 | -89,496 | 19,768 | 28,685 |
Effect of preferred dividends | ||||||||
23,776 | 15,875 | 13,437 | 8,438 | 3,676 | 0 | 0 | - | - |
Net (loss) income attributable to common stockholders of Tsakos Energy Navigation Limited | ||||||||
-16,164 | 39,908 | 144,780 | 25,089 | -41,138 | -49,263 | -89,496 | - | - |
(Loss) Earnings per share, basic and diluted attributable to Tsakos Energy Navigation Limited common shareholders (Note 9) | ||||||||
-0.19 | 0.47 | 1.69 | 0.32 | -0.73 | -0.92 | -1.94 | - | - |
Weighted average number of shares, basic and diluted (Note 9) | ||||||||
84,713 | 84,905 | 85,827 | 79,114 | 56,698 | 53,301 | 46,118 | - | - |
Loss per share, basic attributable to Tsakos Energy Navigation Limited common shareholders | ||||||||
- | - | - | - | - | - | - | 0.50 | 0.78 |
Loss per share, diluted attributable to Tsakos Energy Navigation Limited common shareholders | ||||||||
- | - | - | - | - | - | - | 0.50 | 0.77 |
Weighted average number of shares, basic | ||||||||
- | - | - | - | - | - | - | 39,235 | 36,940 |
Weighted average number of shares, diluted | ||||||||
- | - | - | - | - | - | - | 39,601 | 37,200 |