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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 335,774 $ 450,285
Restricted cash, current (Notes 7 and 12) 12,575 20,965
Treasury bills 35,226 0
Trade accounts receivable, net 93,432 81,061
Inventories (Note 4) 97,663 75,077
Due from managers 18 9,422
Due from related parties (Note 3) 1,153 242
Prepaid expenses and other receivables 23,536 28,659
Derivatives, current asset portion (Note 12) 17,869 1,996
Other current assets (Note 13) 14,296 15,217
Total Current Assets 631,542 682,924
FIXED ASSETS    
Vessels and other fixed assets, net (Note 5) 2,949,457 3,013,038
Total Fixed Assets 2,949,457 3,013,038
OTHER NON-CURRENT ASSETS    
Long term investment (Note 3) 1,557 1,567
Restricted cash, non-current (Notes 7 and 12) 2,021 2,021
Operating leases, right-of-use assets (Note 2) 42,844 48,256
Derivatives, non-current asset portion (Note 12) 12,383 6,913
TOTAL ASSETS 3,639,804 3,754,719
CURRENT LIABILITIES    
Current portion of long-term bank loans (Note 7) 161,246 156,701
Lease financing short term (Note 6) 29,805 50,434
Accounts payable 33,101 21,837
Due to managers 15,418 3,885
Due to related parties (Note 3) 3,184 1,426
Accrued liabilities 33,866 30,810
Derivatives, current liability portion (Note 12) 0 743
Deferred revenue 28,252 24,960
Total Current Liabilities 304,872 290,796
NON-CURRENT LIABILITIES    
Long-term bank loans, net of current portion and unamortized loan issuance costs of $10,853 and $9,591, as of December 31, 2021 and June 30, 2022, respectively (Note 7) 940,167 932,554
Lease financing long term, net of unamortized lease issuance costs of $5,318 and $3,558, as of December 31, 2021 and June 30, 2022, respectively (Note 6) 246,180 402,039
Operating lease liabilities (Note 2) 42,844 48,256
Other non-current liabilities 735 1,056
TOTAL LIABILITIES 1,534,798 1,674,701
SHAREHOLDERS' EQUITY    
Preferred Shares; $0.01 par value, authorized 25,000,000 shares; none issued or outstanding at December 31, 2021 and June 30, 2022, respectively (Note 8) 0 0
Common Shares, $0.01 par value, 300,000,000 shares authorized; 102,294,758 shares issued and outstanding as of December 31, 2021; 102,688,378 shares issued and outstanding as of June 30, 2022 (Note 8) 1,027 1,023
Additional paid in capital 2,629,164 2,618,319
Accumulated other comprehensive income/(loss) 25,580 6,933
Accumulated deficit (550,765) (546,257)
Total Shareholders' Equity 2,105,006 2,080,018
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 3,639,804 $ 3,754,719