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v3.21.1

Consolidated Income Statement - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018
Consolidated Income Statement [Abstract] |  |  |
Shipping revenues | $ 691,039 | $ 535,068 | $ 375,941
Operating expenses |  |  |
Voyage expenses | (140,564) | (187,500) | (161,891)
Vessel operating expenses | (82,188) | (78,327) | (75,800)
Depreciation and amortization | (124,245) | (115,584) | (103,476)
Impairment charges | (12,560) | 0 | (3,500)
Profit/(loss), sale of vessel | 0 | 0 | 75
General and administrative expense | (17,890) | (14,789) | (15,052)
Total operating expenses | (377,447) | (396,201) | (359,644)
Operating income | 313,591 | 138,867 | 16,297
Share of profit from associated companies | 1,193 | 852 | 858
Interest income | 212 | 1,077 | 345
Interest expense | (38,408) | (55,332) | (54,211)
Fair value gain/(loss) on derivative financial liabilities | (8,074) | (9,863) | (5,191)
Other financial (expense)/income | (1,334) | (1,790) | (4,943)
Profit/(loss) before tax | 267,181 | 73,812 | (46,845)
Income tax expense | (900) | (131) | (83)
Profit/(loss) for the year | 266,281 | 73,680 | (46,927)
Attributable to the owners of non-controlling interest | 14 | 2 | 0
Attributable to the owners of parent | $ 266,266 | $ 73,679 | $ (46,927)
Basic net income/(loss) per share (in dollars per share) | $ 1.71 | $ 0.51 | $ (0.33)
Diluted net income/(loss) per share (in dollars per share) | $ 1.61 | $ 0.51 | $ (0.33)
Weighted average number of shares (basic) (in shares) | 155,712,886 | 143,437,164 | 143,429,610
Weighted average number of shares (diluted) (in shares) | 170,053,975 | 168,159,876 | 143,434,921

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