XML 22 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Comprehensive Income / (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]      
Revenues (Note 4) $ 140,865 $ 108,374 $ 116,894
Revenues – related party (Notes 4, 5) 0 0 701
Total Revenues 140,865 108,374 117,595
Expenses:      
Voyage expenses (Note 11) 6,301 2,930 9,113
Vessel operating expenses (Note 11) 33,745 26,632 26,427
Vessel operating expenses - related parties (Notes 5, 11) 4,976 3,917 4,221
General and administrative expenses (Notes 5, 14) 7,195 5,502 5,713
Vessel depreciation and amortization (Note 6) 41,405 29,261 32,813
Impairment of vessel 0 0 28,805
Operating income 47,243 40,132 10,503
Other income / (expense), net:      
Interest expense and finance cost (Note 8) (16,741) (17,036) (18,964)
Other (expense) / income (135) 1,325 850
Total other expense, net (16,876) (15,711) (18,114)
Partnership’s net income / (loss) from continuing operations attributable to: 30,367 24,421 (7,611)
Preferred unit holders’ interest in Partnership’s net income from continuing operations (Notes 13, 15) 0 2,652 11,101
Deemed dividend to preferred unit holders’ (Note 13) 0 9,119 0
General Partner’s interest in Partnership’s net income / (loss) from continuing operations (Note 15) 558 236 (352)
Common unit holders’ interest in Partnership’s net income / (loss) from continuing operations (Note 15) 29,809 12,414 (18,360)
Partnership’s net (loss) / income from discontinued operations (Note 3) 0 (146,876) 7,507
Total Partnership’s comprehensive income / (loss) $ 30,367 $ (122,455) $ (104)
Net income / (loss) from continuing operations per (Note 15):      
• Common unit, basic and diluted (adjusted for the March 2019 Reverse Split) $ 1.60 $ 0.68 $ (1.01)
• Common units, basic and diluted (adjusted for the March 2019 Reverse Split) 18,194,186 18,178,144 18,100,455
Net (loss) / income from discontinued operations per:      
• Common unit, basic and diluted (adjusted for the March 2019 Reverse Split) $ 0 $ (7.93) $ 0.41
Net income / (loss) from operations per:      
• Common unit, basic and diluted (adjusted for the March 2019 Reverse Split) $ 1.60 $ (7.25) $ (0.60)