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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 425,066 $ 227,481
Restricted cash, current (Notes 8 and 18) 11,218 32,248
Trade accounts receivable, net 79,303 68,624
Inventories (Note 4) 78,589 62,362
Due from managers 45 23
Due from related parties (Note 3) $ 37 $ 38
Accounts Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration] Related Party [Member] Related Party [Member]
Prepaid expenses and other receivables $ 18,873 $ 19,296
Derivatives, current asset portion (Note 18) 2,177 6,305
Accrued income 67 0
Other current assets (Note 16) 43,598 22,830
Vessel held for sale (Note 5) 0 15,190
Total Current Assets 658,973 454,397
FIXED ASSETS    
Advances for vessels under construction (Note 5) 27,526 0
Vessels and other fixed assets, net (Note 5) 3,208,357 2,539,743
Total Fixed Assets 3,235,883 2,539,743
OTHER NON-CURRENT ASSETS    
Long term investment (Note 3) 1,733 1,736
Restricted cash, non-current (Note 8) 4,596 2,021
Operating leases, right-of-use assets (Note 6) 184,509 27,825
Derivatives, non-current asset portion (Note 18) 330 2,533
Other non-current assets 354 0
TOTAL ASSETS 4,086,378 3,028,255
CURRENT LIABILITIES    
Current portion of long-term bank loans (Note 8) 221,147 249,125
Lease financing short term (Note 7) 2,731 2,731
Accounts payable 51,591 39,317
Due to managers 10,938 7,386
Due to related parties (Note 3) $ 3,274 $ 1,659
Accounts Payable, Current, Related Party [Extensible Enumeration] Related Party [Member] Related Party [Member]
Accrued liabilities (Note 13) $ 62,607 $ 31,372
Operating lease liabilities, current (Note 6) 28,227 5,251
Derivatives, current liability portion (Note 18) 0 5,784
Deferred revenue 17,297 16,738
Other current liabilities 2,000 0
Total Current Liabilities 399,812 359,363
NON-CURRENT LIABILITIES    
Long-term bank loans, net of current portion and unamortized loan issuance costs of $8,508 and $7,606, as of December 31, 2023 and 2024, respectively (Note 8) 1,035,135 970,039
Lease financing long term, net of unamortized lease issuance costs of $98 and $51, as of December 31, 2023 and 2024, respectively (Note 7) 12,524 15,208
Operating lease liabilities, non-current (Note 6) 156,282 22,574
Other non-current liabilities 850 1,001
TOTAL LIABILITIES 1,604,603 1,368,185
SHAREHOLDERS' EQUITY    
Preferred Shares; $0.01 par value, authorized 25,000,000 shares; none issued or outstanding at December 31, 2023 and 2024, respectively (Note 9) 0 0
Common Shares, $0.01 par value, 300,000,000 shares authorized; 84,016,892 shares issued and outstanding as of December 31, 2023; 117,630,112 shares issued and outstanding as of December 31, 2024 (Note 9) 1,142 840
Additional paid in capital (Note 9) 3,083,906 2,287,055
Accumulated other comprehensive income/(loss) 2,299 5,393
Accumulated deficit (605,572) (633,218)
Total Shareholders' Equity 2,481,775 1,660,070
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 4,086,378 $ 3,028,255