XML 10 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
CURRENT ASSETS    
Cash and cash equivalents $ 218,651 $ 257,911
Restricted cash, current (Note 7) 10,425 7,169
Trade accounts receivable 24,708 18,521
Inventories (Note 4) 22,257 19,345
Due from related parties (Note 3) 80 231
Prepaid expenses and other receivables 4,890 4,215
Derivative asset, current (Note 13) 1,637 77
Other current assets (Notes 2 and 6) 5,638 5,157
Total Current Assets 288,286 312,626
FIXED ASSETS    
Advances for vessels under construction and acquisition of vessels (Notes 5 and 6) 46,480 48,574
Vessels and other fixed assets, net (Note 5) 1,896,020 1,775,081
Total Fixed Assets 1,942,500 1,823,655
OTHER NON-CURRENT ASSETS    
Long term investment 1,112 1,063
Restricted cash, non-current (Note 7) 11,420 8,420
TOTAL ASSETS 2,243,318 2,145,764
CURRENT LIABILITIES    
Current portion of long term debt (Note 7) 119,657 173,958
Lease commitments short term (Notes 5 and 7) 23,199 15,348
Accounts payable 15,157 9,944
Due to managers 4,404 1,420
Due to related parties (Note 3) 255 229
Accrued liabilities 11,475 10,521
Derivative liability, current (Note 13) 1,080 625
Deferred revenue 6,523 7,229
Total Current Liabilities 181,750 219,274
NON-CURRENT LIABILITIES    
8.30% 2022 Notes, net of unamortized debt issuance costs of $2,000 and $1,797, as of December 31, 2017 and June 30, 2018 respectively (Note 7) 48,203 48,000
Long term debt, net of current portion and unamortized debt issuance costs of $7,119 and $6,438, as of December 31, 2017 and June 30, 2018 respectively (Note 7) 560,160 575,137
Lease commitments long term, net of unamortized debt issuance costs of $35 and $101, as of December 31, 2017 and June 30, 2018 respectively (Notes 5 and 7) 298,045 214,741
Other non-current liabilities 620 560
TOTAL LIABILITIES 1,088,778 1,057,712
COMMITMENTS & CONTINGENCIES (Note 12)
STOCKHOLDERS' EQUITY    
Preferred Stock; $0.01 par value, authorized 25,000,000 shares; none issued or outstanding at December 31, 2017 and June 30, 2018 (Note 8) 0 0
Common Stock, $0.01 par value, 300,000,000 shares authorized; 64,160,004 and 67,464,739 shares issued and outstanding at December 31, 2017 and June 30, 2018, respectively (Note 8) 675 642
Additional paid in capital 2,170,609 2,123,108
Accumulated other comprehensive income/(loss) (Note 13) 788 605
Accumulated deficit (1,017,532) (1,036,303)
Total Stockholders' Equity 1,154,540 1,088,052
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,243,318 $ 2,145,764