v3.22.2.2
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
VOYAGE REVENUES (Note 3): $ 216,699 $ 136,415 $ 366,403 $ 275,429
EXPENSES:        
Voyage expenses 62,738 47,567 110,941 94,866
Charter hire expense 8,711 6,325 17,326 12,443
Vessel operating expenses 46,630 46,169 89,804 87,652
Depreciation and amortization 34,168 35,798 67,518 70,850
General and administrative expenses 7,383 7,627 14,177 14,471
(Gain) Loss on sale of vessels (Note 4) (299) 5,817 (299) 5,817
Total expenses 159,331 149,303 299,467 286,099
Operating income (loss) 57,368 (12,888) 66,936 (10,670)
OTHER INCOME (EXPENSES):        
Interest and finance costs, net (Note 7) (10,992) (7,525) (14,292) (14,568)
Interest income 226 200 416 327
Other, net 349 (80) 182 (192)
Total other expenses, net (10,417) (7,405) (13,694) (14,433)
Net income (loss) 46,951 (20,293) 53,242 (25,103)
Less: Net (income) loss attributable to the non-controlling interest (726) 629 (1,499) 618
Net income (loss) attributable to Tsakos Energy Navigation Limited 46,225 (19,664) 51,743 (24,485)
Effect of preferred dividends (8,704) (8,230) (17,377) (16,379)
Undistributed income to Series G participants (370) 0 (353) 0
Net income (loss) attributable to common stockholders of Tsakos Energy Navigation Limited $ 37,151 $ (27,894) $ 34,013 $ (42,577)
Earnings (Loss) per share, basic and diluted attributable to Tsakos Energy Navigation Limited common Stockholders $ 1.31 $ (1.49) $ 1.26 $ (2.31)
Weighted average number of shares, basic 28,398,404 18,660,333 26,992,886 18,433,070
Weighted average number of shares, diluted 28,704,595 18,660,333 27,299,077 18,433,070
Deemed dividend on partially redeemed Series G Convertible Preferred Shares $ 0 $ 0 $ 0 $ (1,713)