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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating revenues    
Interest income related parties – direct financing leases $ 766 $ 946
Interest income other – sales-type, direct financing leases and leaseback assets 12,140 33,275
Service revenue related parties – direct financing leases 3,258 3,591
Profit sharing income - related parties 1,512 10,358
Profit sharing income - other 4,717 1,218
Time charter revenues - related parties 25,261 26,663
Time charter revenues - other 142,739 132,011
Bareboat charter revenues - other 9,202 6,437
Voyage charter revenues - other 24,437 23,775
Other operating income 1,858 2,087
Total operating revenues 225,890 240,361
Gain on sale of assets and termination of charters, net 0 2,250
Operating expenses    
Vessel operating expenses - related parties 14,740 15,250
Vessel operating expenses - other 57,138 63,514
Depreciation 60,392 55,298
Vessel impairment charge 1,927 80,511
Administrative expenses - related parties 154 587
Administrative expenses - other 6,293 5,458
Total operating expenses 140,644 220,618
Net operating income 85,246 21,993
Non-operating income / (expense)    
Interest income - related parties, long term loans to associated companies 4,063 7,064
Interest income - related parties, other 0 179
Interest income - other 271 1,043
Interest expense - other (48,128) (71,273)
(Loss)/gain on repurchase of bonds (697) 1,081
Gain on settlement of related party loan notes 0 4,446
Gain/(loss) on investments in debt and equity securities 3,933 (18,236)
Dividend income - related parties 0 3,884
Other financial items, net 3,757 (31,583)
Net income/(loss) before equity in earnings of associated companies 48,445 (81,402)
Equity in earnings of associated companies 2,564 6,246
Net income/(loss) $ 51,009 $ (75,156)
Per share information:    
Basic earnings (loss) per share (in USD per share) $ 0.43 $ (0.70)
Diluted earnings (loss) per share (in USD per share) $ 0.43 $ (0.70)