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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net income / (loss) $ 546,898 $ 637,251 $ (234,435)
Depreciation - owned or sale and leaseback vessels 178,259 168,008 197,467
Depreciation - right of use assets 24,244 38,827 42,786
Equity settled share based compensation expense 47,340 20,397 22,931
Reversal of previously recorded impairment 0 (12,708) 0
Amortization of deferred financing fees 7,292 6,385 7,570
Non-cash debt extinguishment costs 8,320 6,604 3,604
Accretion of convertible notes 0 12,718 13,265
Net (gain) / loss on sales of vessels (12,019) 66,486 0
Write-off of deposits on scrubbers 10,508 0 0
Gain on sale and leaseback amendment 0 0 (2,851)
Accretion of fair value measurement on debt assumed in business combinations 1,128 2,106 3,682
(Gain) / loss on repurchase / exchange of Convertible Notes 0 (481) 5,504
Share of income from dual fuel tanker joint venture (5,950) (679) (560)
Cash flows from (used) in operating activities before changes in assets and liabilities 806,020 944,914 58,963
Changes in assets and liabilities:      
Decrease / (increase) in inventories 7,804 (7,522) 480
Decrease / (increase) in accounts receivable 73,201 (238,631) (5,052)
Decrease / (increase) in prepaid expenses and other current assets 7,944 (10,205) 4,476
Decrease / (increase) in other assets 2,884 19,492 (601)
(Decrease) / increase in accounts payable (16,748) (4,482) 20,716
(Decrease) / increase in accrued expenses and other current liabilities (15,613) 65,767 (5,682)
Total changes in assets and liabilities 59,472 (175,581) 14,337
Net cash inflow from operating activities 865,492 769,333 73,300
Investing activities      
Net proceeds from disposal of vessels 64,878 607,693 0
Investment in dual fuel tanker joint venture 0 (1,750) (6,701)
Distributions from dual fuel tanker joint venture 1,822 493 1,525
Drydock, scrubber, ballast water treatment system and other vessel related payments (owned, sale leaseback and bareboat-in vessels) (23,089) (34,480) (47,102)
Net cash inflow / (outflow) from investing activities 43,611 571,956 (52,278)
Financing activities      
Debt repayments (1,224,529) (971,622) (650,927)
Issuance of debt 1,386,482 122,638 650,804
Debt issuance costs (29,691) (1,702) (17,820)
Principal repayments on IFRS 16 lease liabilities 516,127 79,502 56,729
Issuance of convertible notes 0 0 119,419
Decrease in restricted cash 783 4,008 502
Repurchase / repayment of convertible notes 0 (83,968) 0
Equity issuance costs 0 0 (47)
Dividends paid (57,660) (23,313) (23,320)
Repurchase of common stock (489,680) (161,373) 0
Net cash (outflow) / inflow from financing activities (930,422) (1,194,834) 21,882
(Decrease) / increase in cash and cash equivalents (21,319) 146,455 42,904
Cash and cash equivalents at January 1, 376,870 230,415 187,511
Cash and cash equivalents at December 31, 355,551 376,870 230,415
Supplemental information:      
Interest paid (which includes $0.0 million, $0.2 million and $0.2 million of interest capitalized during the years ended December 31, 2023, 2022, and 2021, respectively) $ 154,653 $ 134,921 $ 114,671