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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating revenues    
Interest income related parties – direct financing leases $ 382 $ 4,452
Interest income other – sales-type, direct financing leases and leaseback assets 4,394 8,454
Service revenue related parties – direct financing leases 1,746 3,258
Profit sharing income – related parties 1,510 1,512
Profit sharing income – other 8,125 4,717
Time charter revenues – related parties 25,689 25,261
Time charter revenues – other 205,775 142,739
Bareboat charter revenues – related parties 17,770 7,912
Bareboat charter revenues – other 13,195 1,290
Voyage charter revenues 24,371 24,437
Other operating income 2,729 1,858
Total operating revenues 305,686 225,890
Gain on sale of assets and termination of charters, net 13,228 0
Operating expenses    
Vessel operating expenses – related parties 12,826 14,740
Vessel operating expenses – other 70,525 57,138
Depreciation 91,313 60,392
Vessel impairment charge 0 1,927
Administrative expenses – related parties 757 154
Administrative expenses – other 7,859 6,293
Total operating expenses 183,280 140,644
Net operating income 135,634 85,246
Non-operating income / (expense)    
Interest income – related parties, long term loans to associated companies 2,263 4,063
Interest income – related parties, other 249 233
Interest income – other 433 38
Interest expense (50,104) (48,128)
Loss on repurchase of bonds 0 (697)
Gain on investments in debt and equity securities 4,466 3,933
Other financial items, net 10,083 3,757
Net income before equity in earnings of associated companies 103,024 48,445
Equity in earnings of associated companies 1,405 2,564
Net income $ 104,429 $ 51,009
Per share information:    
Basic earnings per share (in USD per share) $ 0.82 $ 0.43
Diluted earnings per share (in USD per share) $ 0.79 $ 0.43