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Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 226,882 $ 181,758
Restricted cash, current (Note 8) 12,120 5,121
Trade accounts receivable 20,415 12,572
Inventories (Note 4) 14,158 14,534
Due from managers 0 1,430
Due from related parties (Note 3) 228 922
Prepaid expenses and other receivables 4,022 5,641
Derivative asset, current 0 41
Other current assets (Note 6) 5,857 6,447
Total Current Assets 283,682 228,466
FIXED ASSETS    
Advances for vessels under construction and acquisition of vessels (Notes 5 and 6) 46,472 64,570
Vessels and other fixed assets, net (Note 5) 1,796,943 1,707,209
Total Fixed Assets 1,843,415 1,771,779
OTHER NON-CURRENT ASSETS    
Long term investment (Note 3) 974 970
Restricted cash, non-current (Note 8) 8,420 8,883
Other non-current assets 0 1,604
TOTAL ASSETS 2,136,491 2,011,702
CURRENT LIABILITIES    
Current portion of long term debt (Note 8) 7,532 0
Lease commitments short term (Notes 5 and 8) 9,120 6,235
Accounts payable 5,886 5,200
Due to managers 4,320 0
Due to related parties (Note 3) 334 356
Accrued liabilities 9,836 11,719
Derivative liability, current (Note 15) 2,184 2,549
Deferred revenue 1,863 2,060
Total Current Liabilities 41,075 28,119
NON-CURRENT LIABILITIES    
8.00% 2019 Notes, net of unamortized deferred finance fees of $1,243 and $1,028, respectively (Note 8) 48,972 48,757
Long term debt, net of current portion and unamortized deferred finance fees of $9,214 and $8,263, respectively (Note 8) 751,898 743,719
Lease commitments long term, net of unamortized deferred finance fees of $39 and $37, respectively (Notes 5 and 8) 225,716 152,613
Derivative liability, non current (Note 15) 20 796
Other non-current liabilities 460 468
TOTAL LIABILITIES 1,068,141 974,472
COMMITMENTS & CONTINGENCIES (Note 14)
STOCKHOLDERS' EQUITY    
Preferred Stock; $0.01 par value, authorized 25,000,000 shares; none issued or outstanding at December 31, 2016 and June 30, 2017 (Note 9) 0 0
Common Stock, $0.01 par value, 300,000,000 shares authorized; 56,628,907 and 63,415,479 shares issued and outstanding at December 31, 2016 and June 30, 2017, respectively (Note 9) 634 566
Additional paid in capital 2,120,336 2,063,490
Accumulated other comprehensive income/(loss) (Note 15) 141 (294)
Accumulated deficit (1,052,761) (1,026,532)
Total Stockholders' Equity 1,068,350 1,037,230
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,136,491 $ 2,011,702