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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities    
Net income $ 65,934 $ 23,264
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 114,999 102,159
Vessel impairment charge 0 7,389
Amortization of deferred charges 3,558 3,618
Amortization of charter related deferred asset and straight-lining of operating leases (964) (726)
Equity in earnings of associated companies (1,475) (1,451)
Loss/(gain) on sale of vessels 17 (16,476)
Adjustment of derivatives to fair value recognized in net income (1,555) 5,571
Loss on investments in equity securities 207 792
Repayments from investment in sales-type assets and leaseback assets 4,661 7,772
Other, net 1,248 2,311
Net changes in operating assets and liabilities 800 96,739
Net cash provided by operating activities 187,430 230,962
Investing activities    
Purchase of vessels, capital improvements, newbuildings and deposits (212,183) (135,181)
Proceeds from sale of vessels 11,983 104,211
Net amounts received from associated companies 1,382 1,456
Collateral deposits returned/(paid) on swap agreements 2,880 (6,030)
Net cash used in investing activities (195,938) (35,544)
Financing activities    
Principal payments under finance lease obligations (27,788) (26,569)
Proceeds from debt 354,402 720,187
Repayments of debt (145,726) (620,895)
Repurchases and redemption of bonds (64,997) (167,781)
Payments of debt fees (3,001) (11,747)
Principal settlements of cross currency swaps, net (16,534) (9,812)
Cash paid for shares repurchase 0 (4,835)
Cash dividends paid (67,278) (60,862)
Net cash provided by/(used in) financing activities 29,078 (182,314)
Net change in cash and cash equivalents 20,570 13,104
Cash and cash equivalents at start of the period 165,492 188,362
Cash and cash equivalents at end of the period $ 186,062 $ 201,466