|
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
|
12 Months Ended |
|
Dec. 31, 2014
|
Dec. 31, 2013
|
Dec. 31, 2012
|
| CONSOLIDATED STATEMENTS OF INCOME |
|
|
|
| OPERATING REVENUES |
$ 552,091 |
$ 588,117 |
$ 589,009 |
| OPERATING EXPENSES: |
|
|
|
| Voyage expenses |
(12,974) |
(11,770) |
(13,503) |
| Vessel operating expenses |
(113,755) |
(122,074) |
(123,356) |
| Depreciation |
(137,061) |
(137,414) |
(143,938) |
| Amortization of deferred drydocking and special survey costs |
(4,387) |
(5,482) |
(6,070) |
| Impairment loss |
(75,776) |
(19,004) |
(129,630) |
| General and administrative expenses |
(21,442) |
(19,458) |
(20,379) |
| Gain / (Loss) on sale of vessels |
5,709 |
(449) |
830 |
| Income from operations |
192,405 |
272,466 |
152,963 |
| OTHER INCOME (EXPENSES): |
|
|
|
| Interest income |
1,703 |
2,210 |
1,642 |
| Interest expense |
(79,980) |
(91,185) |
(87,340) |
| Other finance expenses |
(19,757) |
(20,120) |
(18,107) |
| Other income/(expenses), net |
422 |
302 |
811 |
| Unrealized and realized losses on derivatives |
(98,713) |
(126,150) |
(155,173) |
| Total Other Expenses, net |
(196,325) |
(234,943) |
(258,167) |
| Net Income/(Loss) |
$ (3,920) |
$ 37,523 |
$ (105,204) |
| EARNINGS/(LOSS) PER SHARE |
|
|
|
| Basic and diluted net income/(loss) per share (in dollars per share) |
$ (0.04) |
$ 0.34 |
$ (0.96) |
| Basic and diluted weighted average number of shares (in shares) |
109,676,056 |
109,654,199 |
109,612,737 |