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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 183,211 $ 117,819
Restricted cash, current (Notes 9 and 20) 7,299 7,422
Trade accounts receivable, net 38,090 58,785
Inventories (Note 4) 47,294 51,153
Due from managers 358 899
Due from related parties (Note 3) 481 590
Prepaid expenses and other receivables 17,687 17,745
Derivatives, current asset portion (Note 20) (0) 216
Other current assets (Note 18) 12,991 11,413
Total Current Assets 307,411 266,042
FIXED ASSETS    
Vessels and other fixed assets, net (Note 5) 2,877,119 2,965,527
Total Fixed Assets 2,877,119 2,965,527
OTHER NON-CURRENT ASSETS    
Long term investment (Note 3) 1,321 1,162
Restricted cash, non-current (Notes 9 and 20) 5,021 1,021
Leased buildings, right-of-use assets (Note 2) 886 1,216
Other non-current assets (Note 3) 35 3,703
TOTAL ASSETS 3,191,793 3,238,671
CURRENT LIABILITIES    
Current portion of long term bank loans (Note 9) 144,900 150,350
Lease financing short term (Note 7) 44,873 52,145
Accounts payable 32,853 42,779
Due to managers 7,813 5,781
Due to related parties (Note 3) 1,439 4,017
Accrued liabilities (Note 15) 20,940 46,761
Derivatives, current liability portion (Note 20) 1,939 1,724
Deferred revenue 11,675 7,374
Total Current Liabilities 266,432 310,931
NON-CURRENT LIABILITIES    
8.30% 2022 Notes, net of unamortized notes issuance costs of $1,179 and $768, as of December 31, 2019 and 2020, respectively (Note 9) 49,232 48,821
Long term bank loans, net of current portion and unamortized loan issuance costs of $15,098 and $13,761, as of December 31, 2019 and 2020, respectively (Note 9) 938,699 960,589
Lease financing long term, net of unamortized lease issuance costs of $3,936 and $6,181, as of December 31, 2019 and 2020, respectively (Note 7) 382,417 369,831
Derivatives, non-current liability portion (Note 20) 2,265 (0)
Fair value of below market time charters acquired (Note 8) 1,289 2,473
Leased buildings, operating lease liabilities (Note 2) 886 1,216
Other non-current liabilities 1,046 770
TOTAL LIABILITIES 1,642,266 1,694,631
COMMITMENTS & CONTINGENCIES (Note 17) 0 0
SHAREHOLDERS' EQUITY    
Preferred Shares; $0.01 par value, authorized 25,000,000 shares; none issued or outstanding at December 31, 2019 and 2020, respectively (Note 10) 0 0
Common Shares, $0.01 par value, 300,000,000 shares authorized; 96,073,197 shares issued and 96,066,226 shares (net of treasury shares) outstanding as of December 31, 2019;  97,146,687 shares issued and 97,139,716 shares (net of treasury shares) outstanding as of December 31, 2020 (Note 10) 971 961
Additional paid in capital 2,548,956 2,544,342
Treasury shares (6,971 and 6,971 shares at December 31, 2019 and 2020, respectively) (93) (93)
Accumulated other comprehensive income/(loss) (3,993) (0)
Accumulated deficit (996,314) (1,001,170)
Total Shareholders' Equity 1,549,527 1,544,040
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 3,191,793 $ 3,238,671