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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Operating revenues      
Direct financing lease interest income - related parties $ 1,932 $ 5,986 $ 9,623
Direct financing and sales-type lease interest income - other 26,484 13,905 30,055
Finance lease service revenues - related parties 4,887 13,428 22,095
Profit sharing revenues - related parties 1,547 0 1,779
Time charter revenues - related parties 25,752 26,498 53,258
Time charter revenues - other 143,225 100,499 239,468
Bareboat charter revenues - other 12,494 18,850 36,222
Voyage charter revenues - other 9,428 9,381 24,339
Other operating income 1,696 597 1,873
Total operating revenues 227,445 189,144 418,712
Gain/(loss) on sale of assets and termination of charters, net 0 (1,623) (2,578)
Gain (Loss) on Disposition of Stock in Subsidiary 0 0 7,613
Operating expenses      
Vessel operating expenses - related parties 16,453 24,847 45,266
Vessel operating expenses - other 49,059 36,711 83,282
Depreciation 58,648 46,444 104,079
Vessel impairment charge 0 21,779 64,338
Administrative expenses - related parties 894 495 1,072
Administrative expenses - other 5,011 4,662 8,095
Total operating expenses 130,065 134,938 306,132
Net operating income 97,380 52,583 117,615
Non-operating income / (expense)      
Interest income - related parties, long term loans to associated companies 7,064 7,064 14,128
Interest income – related parties, other 850 0 880
Interest income - other 2,376 1,112 2,943
Interest expense - related parties 0 (1,422) (6,378)
Interest expense - other (72,165) (47,383) (107,508)
(Loss)/gain on repurchase of bonds 1,802 0 1,146
Gain (Loss) on Sale of Assets and Asset Impairment Charges (8,225) 0 0
Equity Securities, FV-NI, Unrealized Gain (Loss) 27,323 15,304 12,277
Dividend income from related parties 2,164 0 0
Debt and Equity Securities, Realized Gain (Loss) 0 0 13,477
Other financial items, net (5,847) 5,712 10,407
Net income before equity in earnings of associated companies 52,722 32,970 58,987
Equity in earnings of associated companies 8,991 7,451 14,635
Net income $ 61,713 $ 40,421 $ 73,622
Per share information:      
Basic earnings per share $ 0.57 $ 0.39 $ 0.70
Diluted earnings per share $ 0.56 $ 0.39 $ 0.69