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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 257,911 $ 181,758
Restricted cash, current (Note 8) 7,169 5,121
Trade accounts receivable 18,521 12,572
Inventories (Note 4) 19,345 14,534
Due from managers 0 1,430
Due from related parties (Note 3) 231 922
Prepaid expenses and other receivables 4,215 5,641
Derivative asset, current (Note 18) 77 41
Other current assets (Note 6) 5,157 6,447
Total Current Assets 312,626 228,466
FIXED ASSETS    
Advances for vessels under construction and acquisition of vessels (Notes 5 and 6) 48,574 64,570
Vessels and other fixed assets, net (Note 5) 1,775,081 1,707,209
Total Fixed Assets 1,823,655 1,771,779
OTHER NON-CURRENT ASSETS    
Long term investment (Note 3) 1,063 970
Restricted cash, non-current (Note 8) 8,420 8,883
Other non-current assets 0 1,604
TOTAL ASSETS 2,145,764 2,011,702
CURRENT LIABILITIES    
Current portion of long term debt (Note 8) 173,958 0
Lease commitments short term (Notes 5 and 8) 15,537 6,235
Accounts payable 9,944 5,200
Due to managers 1,420 0
Due to related parties (Note 3) 229 356
Accrued liabilities (Note 14) 10,521 11,719
Derivative liability, current (Note 18) 625 2,549
Deferred revenue 7,229 2,060
Total Current Liabilities 219,463 28,119
NON-CURRENT LIABILITIES    
8.00% 2019 Notes and 8.30% 2022 Notes, net of unamortized debt issuance costs of $1,243 and $2,000, respectively (Note 8) 48,000 48,757
Long term debt, net of current portion and unamortized debt issuance costs of $9,214 and $7,119, respectively (Note 8) 575,137 743,719
Lease commitments long term, net of unamortized debt issuance costs of $39 and $35, respectively (Notes 5 and 8) 214,552 152,613
Derivative liability, non current (Note 18) 0 796
Other non-current liabilities 560 468
TOTAL LIABILITIES 1,057,712 974,472
COMMITMENTS & CONTINGENCIES (Note 16)
STOCKHOLDERS' EQUITY    
Preferred Stock; $0.01 par value, authorized 25,000,000 shares; none issued or outstanding at December 31, 2016 and December 31, 2017 (Note 9) 0 0
Common Stock, $0.01 par value, 300,000,000 shares authorized; 56,628,907 and 64,160,004 shares issued and outstanding at December 31, 2016 and December 31, 2017, respectively (Note 9) 642 566
Additional paid in capital 2,123,108 2,063,490
Accumulated other comprehensive loss (Note 18) 605 (294)
Accumulated deficit (1,036,303) (1,026,532)
Total Stockholders' Equity 1,088,052 1,037,230
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,145,764 $ 2,011,702