v2.4.0.8
CONSOLIDATED STATEMENTS OF (LOSS) INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUES        
Time charter revenues (note 8a) $ 22,710 $ 32,032 $ 46,888 $ 67,669
Net pool revenues from affiliates (note 8a) 15,493 16,136 31,591 32,449
Voyage charter revenue 2,433   4,283  
Interest income from investment in term loans 2,856 2,872 5,683 5,734
Total revenues 43,492 51,040 88,445 105,852
OPERATING EXPENSES        
Voyage expenses (note 8a) 2,449 107 5,362 1,429
Vessel operating expenses (note 8a) 24,832 23,002 47,886 46,223
Time-charter hire expense 1,951 644 3,937 2,305
Depreciation and amortization 11,921 18,047 23,785 36,038
General and administrative (note 8a) 3,362 2,322 6,923 3,660
Loss provision on investment in term loans (note 2) 4,511   4,511  
Loss on sale of vessel and equipment (note 9)     71  
Total operating expenses 49,026 44,122 92,475 89,655
(Loss) income from operations (5,534) 6,918 (4,030) 16,197
OTHER ITEMS        
Interest expense (2,604) (6,654) (5,115) (14,215)
Interest income 20 11 24 21
Realized and unrealized gain (loss) on derivative instruments (note 5) 2,748 (3,895) 1,982 (4,974)
Other expenses (354) (703) (538) (979)
Total other items (190) (11,241) (3,647) (20,147)
Net loss (5,724) (4,323) (7,677) (3,950)
Add: Net loss attributable to the Dropdown Predecessor (note 8c)   5,398   9,163
Net (loss) income attributable to common stockholders $ (5,724) $ 1,075 $ (7,677) $ 5,213
Per common share amounts        
• Basic (loss) earnings attributable to stockholders of Teekay Tankers $ (0.07) $ 0.01 $ (0.09) $ 0.07
• Diluted (loss) earnings attributable to stockholders of Teekay Tankers $ (0.07) $ 0.01 $ (0.09) $ 0.07
Cash dividends declared $ 0.03 $ 0.11 $ 0.06 $ 0.27
Weighted-average number of Class A and Class B common shares outstanding        
• Basic 83,591,030 79,911,673 83,591,030 75,443,659
• Diluted 83,591,030 79,911,673 83,591,030 75,443,659