XML 10 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Unaudited Interim Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Unaudited Interim Condensed Consolidated Statements of Operations        
Revenue, net $ 107,125 $ 47,274 $ 170,493 $ 92,825
Voyage expenses (41,178) (20,493) (68,253) (40,885)
Vessel operating expenses (15,943) (15,077) (32,530) (29,580)
Operating expense component (1,238) (708) (2,344) (1,335)
Vessel lease expense component (1,140) (652) (2,156) (1,229)
Depreciation (6,982) (7,907) (14,772) (15,716)
Amortization of deferred drydock expenditures (959) (1,268) (2,156) (2,750)
General and administrative expenses        
Corporate (4,291) (4,260) (8,759) (8,437)
Commercial and chartering (1,053) (686) (1,944) (1,447)
Loss on vessel held for sale     (6,917) 0
Unrealized gains / (losses) on derivatives 296 (22) 900 80
Interest expense and finance costs (4,894) (4,310) (9,032) (8,088)
Interest income 20 17 30 30
Income/(Loss) before taxes 29,763 (8,092) 22,560 (16,532)
Income tax (9) (33) (43) (91)
(Loss)/profit from equity method investments (67)   169 0
Net Income/(loss) 29,687 (8,125) 22,686 (16,623)
Preferred dividend (838) (82) (1,686) (82)
Net income/ (loss) attributable to common stockholders $ 28,849 $ (8,207) $ 21,000 $ (16,705)
Earnings/(loss) per share, basic (in dollars per share) $ 0.82 $ (0.24) $ 0.60 $ (0.50)
Earnings/(loss) per share, diluted (in dollars per share) $ 0.81 $ (0.24) $ 0.60 $ (0.50)
Weighted average number of shares outstanding, basic (in shares) 35,071,435,000 33,500,030,000 34,752,045,000 33,394,008,000
Weighted average number of shares outstanding, diluted (in shares) 35,574,082 33,500,030 34,830,153 33,394,008