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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 51,879 $ 46,199
Time deposits 29,895 12,157
Accounts receivable 11,142 10,608
Due from Manager 599 418
Inventories 4,139 4,227
Derivative assets 0 62
Accrued revenue 475 2,029
Restricted cash 310 1,660
Prepaid expenses and other current assets 2,823 1,726
Total current assets 101,262 79,086
FIXED ASSETS:    
Vessels, net 955,291 942,876
Advances for vessels 8,596 3,653
Total fixed assets 963,887 946,529
OTHER NON CURRENT ASSETS:    
Deferred financing costs 35 0
Restricted cash 10,401 8,651
Accrued revenue 614 831
Total assets 1,076,199 1,035,097
CURRENT LIABILITIES:    
Current portion of long-term debt, net 36,185 25,588
Unearned revenue 5,409 3,540
Trade accounts payable 6,106 4,137
Accrued liabilities 6,883 3,666
Derivative liabilities 0 2
Due to Manager 23 0
Total current liabilities 54,606 36,933
Long-term debt, net 538,508 541,816
Unearned revenue Long-term 253 0
Total liabilities 593,367 578,749
COMMITMENTS AND CONTINGENCIES
MEZZANINE EQUITY - Redeemable non controlling interest 16,998 0
SHAREHOLDERS’ EQUITY:    
Common stock, $0.001 par value; 200,000,000 authorized, 101,526,708 and 103,005,748 issued and outstanding at December 31, 2017 and 2018, respectively 103 102
Preferred stock, $0.01 par value; 20,000,000 authorized, 379,514 and 0 Series B Preferred Shares, 2,300,000 and 2,300,000 Series C Preferred Shares, 3,200,000 and 3,200,000 Series D Preferred Shares, issued and outstanding at December 31, 2017 and 2018, respectively 55 59
Treasury stock, $0.001 par value; 113,076 and 458,088 common shares repurchased at December 31, 2017 and December 31, 2018, respectively (737) (120)
Additional paid in capital 355,134 361,202
Retained earnings 111,279 95,105
Total shareholders’ equity 465,834 456,348
Total liabilities, mezzanine equity and shareholders’ equity $ 1,076,199 $ 1,035,097