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v3.20.1

Consolidated Statemenets of Operations - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
REVENUES: |  |  |
Revenues | $ 206,682 | $ 201,548 | $ 154,040
Commissions | (8,921) | (8,357) | (6,008)
Net revenues | 197,761 | 193,191 | 148,032
EXPENSES: |  |  |
Voyage expenses | (13,715) | (6,378) | (3,932)
Vessel operating expenses | (68,569) | (63,512) | (52,794)
Depreciation | (50,310) | (48,067) | (51,424)
General and administrative expenses |  |  |
Management fee to related parties | (18,050) | (16,536) | (13,511)
Company administration expenses | (2,589) | (2,706) | (2,607)
Early redelivery cost, net | (63) | (105) | (1,263)
Other operating expense | (414) | 0 | (390)
Loss on sale of assets | 0 | 0 | (120)
Impairment loss | 0 | 0 | (91,293)
Operating (loss)/income | 44,051 | 55,887 | (69,302)
OTHER (EXPENSE)/INCOME: |  |  |
Interest expense | (26,815) | (25,713) | (23,224)
Other finance income/(cost) | (714) | (973) | 7,651
Interest income | 1,558 | 929 | 799
Gain/(loss) on derivatives | (121) | 18 | 72
Foreign currency gain/(loss) | (76) | (670) | 1,782
Amortization and write-off of deferred finance charges | (1,845) | (1,794) | (2,457)
Net (loss)/income | 16,038 | 27,684 | (84,679)
Less preferred dividend | 11,498 | 11,384 | 12,316
Less preferred deemed dividend | 199 | 0 | 2,146
Net (loss)/income available to common shareholders | $ 4,341 | $ 16,300 | $ (99,141)
(Loss)/earnings per share in U.S. Dollars, basic and diluted (in USD per share) | $ 0.04 | $ 0.16 | $ (0.98)
Weighted average number of shares, basic and diluted (in shares) | 101,686,312 | 101,604,339 | 100,932,876

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- Definition Commissions (address and brokerage) reflect payments, made to third-party brokers or our charterers, directly related to our revenues from which they are deducted, regardless of charter type, deferred and amortized over the related charter period presented as a separate line item. + References No definition available. + Details
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- Definition Revenues generated from charterers for the time or voyage charter hire of vessels.Revenues from time charter may also include ballast bonus, which is an amount paid by the charterer for repositioning the vessel at the charterers disposal, and other miscellaneous revenues from vessel operations. + References No definition available. + Details
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