XML 107 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Comprehensive Income / (Loss) (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenue:      
Revenues $ 116,520 $ 84,012 $ 98,517
Revenues - related party (Note 4) 54,974 69,938 31,799
Total revenues 171,494 153,950 130,316
Expenses:      
Voyage expenses (Note 10) 5,776 5,114 11,565
Voyage expenses - related party (Notes 4, 10) 314 554 165
Vessel operating expenses (Note 10) 38,284 22,126 4,949
Vessel operating expenses - related party (Notes 4, 10) 17,039 23,634 30,516
General and administrative expenses (Note 4) 9,477 9,159 10,609
Loss / (gain) on sale of vessels to third parties (Note 5) 7,073 (1,296) 0
Depreciation & amortization (Note 5) 52,208 48,235 37,214
Vessels' impairment charge (Note 5) 0 43,178 0
Operating income 41,323 3,246 35,298
Non operating income:      
Gain on sale of claim (Note 16) 31,356 0 0
Gain from bargain purchase (Note 3) 42,256 0 82,453
Total non operating income 73,612 0 82,453
Other income (expense):      
Interest expense and finance cost (15,991) (26,658) (33,820)
Gain on interest rate swap agreement (Note 8) 4 1,448 2,310
Interest and other income 533 775 879
Total other expense, net (15,454) (24,435) (30,631)
Partnership's Net income/ (loss) 99,481 (21,189) 87,120
Preferred unit holders' interest in Partnership's net income 18,805 10,809 0
General Partner's interest in Partnership's net income / (loss) 1,598 (640) 1,742
Common unit holders' interest in Partnership's net income / (loss) 79,078 (31,358) 85,378
Net income / (loss) per (Note 15):      
Common unit basic $ 1.04 $ (0.46) $ 1.78
Weighted-average units outstanding:      
Common unit basic 75,645,207 68,256,072 47,138,336
Net income per (Note 15):      
Common unit diluted $ 1.01 $ (0.46) $ 1.78
Weighted-average units outstanding:      
Common units diluted 97,369,136 68,256,072 47,138,336
Comprehensive income / (loss):      
Partnership's net income / (loss) 99,481 (21,189) 87,120
Other Comprehensive income:      
Unrealized gain on derivative instruments (Note 8) 462 10,762 17,518
Comprehensive income/ (loss) $ 99,943 $ (10,427) $ 104,638