XML 16 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 181,758 $ 208,056
Restricted cash, current (Note 8) 5,121 3,769
Trade accounts receivable,net 12,572 10,889
Inventories (Note 4) 14,534 14,247
Due from managers 1,430 0
Due from related parties (Note 3) 922 1,209
Prepaid expenses and other receivables 5,641 8,604
Derivative asset, current (Note 18) 41 0
Other current assets 6,447 5,284
Total Current Assets 228,466 252,058
FIXED ASSETS    
Advances for vessels under construction and acquisition of vessels (Note 6) 64,570 127,910
Vessels and other fixed assets, net (Note 5) 1,707,209 1,757,552
Total Fixed Assets 1,771,779 1,885,462
OTHER NON-CURRENT ASSETS    
Long-term investment (Note 3) 970 844
Restricted cash, non-current (Note 8) 8,883 10,228
Fair value of above market acquired time charter (Note 7) 0 254
Other non-current assets (Note 6) 1,604 0
TOTAL ASSETS 2,011,702 2,148,846
CURRENT LIABILITIES    
Current portion of long term debt (Note 8) 0 127,141
Lease commitments short term (Note 5 & Note 8) 6,235 4,490
Accounts payable 5,200 9,436
Due to related parties (Note 3) 356 422
Due to managers 0 2,291
Accrued liabilities (Note 14) 11,719 14,773
Derivative liability, current (Note 18) 2,549 5,931
Deferred revenue 2,060 2,465
Total Current Liabilities 28,119 166,949
NON-CURRENT LIABILITIES    
8.00% 2019 Notes, net of unamortized deferred finance fees of $1,677 and $1,243, respectively (Note 8) 48,757 48,323
Long term debt, net of current portion and unamortized deferred finance fees of $14,360 and $9,214, respectively (Note 8) 743,719 720,237
Lease commitments long term, net of unamortized deferred finance fees of $nil and $39, respectively (Note 5 & Note 8) 152,613 75,030
Derivative liability, non-current (Note 18) 796 2,518
Other non-current liabilities 468 431
TOTAL LIABILITIES 974,472 1,013,488
COMMITMENTS & CONTINGENCIES (Note 16)
STOCKHOLDERS' EQUITY    
Preferred Stock; $0.01 par value, authorized 25,000,000 shares; none issued or outstanding at December 31, 2015 and 2016 (Note 9) 0 0
Common Stock, $0.01 par value, 300,000,000 shares authorized; 43,821,114 and 56,628,907 shares issued and outstanding at December 31, 2015 and 2016, respectively (Note 9) 566 438
Additional paid in capital (Note 9) 2,063,490 2,008,440
Accumulated other comprehensive income/(loss) (Note 18) (294) (1,216)
Accumulated deficit (1,026,532) (872,304)
Total Stockholders' Equity 1,037,230 1,135,358
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,011,702 $ 2,148,846