XML 21 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 78,938 $ 51,879
Time deposits 27,440 29,895
Accounts receivable 15,359 11,142
Due from Manager 558 599
Inventories 9,265 4,139
Accrued revenue 158 475
Restricted cash 0 310
Prepaid expenses and other current assets 4,271 2,823
Total current assets 135,989 101,262
FIXED ASSETS:    
Vessels, net 944,706 955,291
Advances for vessels 19,294 8,596
Total fixed assets 964,000 963,887
OTHER NON CURRENT ASSETS:    
Deferred financing costs 258 35
Restricted cash 13,701 10,401
Accrued revenue 455 614
Other non current assets 240 0
Total assets 1,114,643 1,076,199
CURRENT LIABILITIES:    
Current portion of long-term debt, net 64,054 36,185
Unearned revenue 3,040 5,409
Trade accounts payable 12,965 6,106
Accrued liabilities 6,595 6,883
Derivative liabilities 121 0
Due to Manager 9 23
Total current liabilities 86,784 54,606
Long-term debt, net 536,995 538,508
Unearned revenue Long-term 648 253
Other liabilities 274 0
Total liabilities 624,701 593,367
COMMITMENTS AND CONTINGENCIES
MEZZANINE EQUITY - Redeemable non-controlling interest 17,200 16,998
SHAREHOLDERS’ EQUITY:    
Common stock, $0.001 par value; 200,000,000 authorized, 103,005,748 and 104,251,019 issued and outstanding at December 31, 2018 and 2019, respectively 104 103
Preferred stock, $0.01 par value; 20,000,000 authorized, 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, 2018 and 2019, respectively 55 55
Treasury stock, $0.001 par value; 458,088 and 0 Common Shares repurchased at December 31, 2018 and December 31, 2019, respectively 0 (737)
Additional paid in capital 356,963 355,134
Retained earnings 115,620 111,279
Total shareholders’ equity 472,742 465,834
Total liabilities, mezzanine equity and shareholders’ equity $ 1,114,643 $ 1,076,199