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v3.24.1

Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Revenue |  |  |
Vessel revenue | $ 1,341,222 | $ 1,562,873 | $ 540,786
Operating expenses |  |  |
Vessel operating costs | (315,582) | (323,725) | (334,840)
Voyage expenses | (13,243) | (92,698) | (3,455)
Depreciation - vessels and drydock | (178,259) | (168,008) | (197,467)
Depreciation - right of use assets for vessels | (24,244) | (38,827) | (42,786)
Reversal of previously recorded impairment | 0 | 12,708 | 0
Write-off of deposits on scrubbers | (10,508) | 0 | 0
General and administrative expenses | (106,255) | (88,131) | (52,746)
Gain on sale of vessels | 12,019 | (66,486) | 0
Total operating expenses | (636,072) | (765,167) | (631,294)
Operating income / (loss) | 705,150 | 797,706 | (90,508)
Other (expense) and income, net |  |  |
Financial expenses | (183,231) | (169,795) | (144,104)
Gain / (loss) on repurchase/exchange of convertible notes | 0 | 481 | (5,504)
Financial income | 19,112 | 6,884 | 3,623
Other income, net | 5,867 | 1,975 | 2,058
Total other expense, net | (158,252) | (160,455) | (143,927)
Net income / (loss) | 546,898 | 637,251 | (234,435)
Attributable to: |  |  |
Equity holders of the parent | $ 546,898 | $ 637,251 | $ (234,435)
Earnings / (loss) per share |  |  |
Basic (in USD per share) | $ 10.44 | $ 11.49 | $ (4.28)
Diluted (in USD per share) | $ 10.03 | $ 10.34 | $ (4.28)
Basic weighted average shares outstanding (in shares) | 52,369,269 | 55,455,277 | 54,718,709
Diluted weighted average shares outstanding (in shares) | 54,527,747 | 63,511,276 | 54,718,709

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