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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 285,248 $ 269,754
Restricted cash, current (Notes 8 and 13) 14,183 14,569
Trade accounts receivable, net 59,728 84,034
Inventories (Note 4) 65,019 67,162
Due from managers 53 84
Due from related parties (Note 3) 285 324
Prepaid expenses and other receivables 21,766 25,667
Derivatives, current asset portion (Note 13) 12,897 25,585
Other current assets (Note 14) 27,967 14,913
Total Current Assets 487,146 502,092
FIXED ASSETS    
Vessels and other fixed assets, net (Note 5) 2,757,491 2,881,551
Total Fixed Assets 2,757,491 2,881,551
OTHER NON-CURRENT ASSETS    
Long term investment (Note 3) 1,709 1,676
Restricted cash, non-current (Notes 8 and 13) 2,021 2,021
Operating leases, right-of-use assets (Note 6) 32,153 37,618
Derivatives, non-current asset portion (Note 13) 5,322 8,666
TOTAL ASSETS 3,285,842 3,433,624
CURRENT LIABILITIES    
Current portion of long-term bank loans (Note 8) 205,192 166,586
Lease financing short term (Note 7) 13,719 15,361
Accounts payable 36,790 32,140
Due to managers 13,684 6,344
Due to related parties (Note 3) 1,975 1,501
Accrued liabilities  33,449 33,984
Operating lease liabilities, current (Note 6) 6,820 9,955
Deferred revenue 17,838 16,684
Total Current Liabilities 329,467 282,555
NON-CURRENT LIABILITIES    
Long-term bank loans, net of current portion and unamortized loan issuance costs of $9,013 and $7,235, as of December 31, 2022 and June 30, 2023, respectively (Note 8) 779,024 927,995
Lease financing long term, net of unamortized lease issuance costs of $2,681 and $2,305, as of December 31, 2022 and June 30, 2023, respectively (Note 7) 157,432 175,238
Operating lease liabilities, non-current (Note 6) 25,333 27,663
Other non-current liabilities 907 831
TOTAL LIABILITIES 1,292,163 1,414,282
SHAREHOLDERS' EQUITY    
Preferred Shares; $0.01 par value, authorized 25,000,000 shares; none issued or outstanding at December 31, 2022 and June 30, 2023, respectively (Note 9) 0 0
Common Shares, $0.01 par value, 300,000,000 shares authorized; 102,857,416 shares issued and outstanding as of December 31, 2022; 103,183,510 shares issued and outstanding as of June 30, 2023 (Note 9) 1,032 1,029
Additional paid in capital 2,639,319 2,646,073
Accumulated other comprehensive income/(loss) 10,052 20,962
Accumulated deficit (656,724) (648,722)
Total Shareholders' Equity 1,993,679 2,019,342
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 3,285,842 $ 3,433,624