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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities      
Net Income $ 12,271 $ 46,643 $ 98,711
Reconciliation of Net Income (Loss) to Net Cash Provided by / (Used In) Operating Activities      
Depreciation Expense 57,735 56,151 51,397
Impairment Loss on Vessels 0 0 0
Gain on Disposal of Vessels (16,621) 0 0
Drydock Expenditure (17,321) (1,874) (9,497)
Amortization of Deferred Finance Costs 745 850 1,447
Share-based Compensation 0 1,847 2,203
Other, net 273 (590) (150)
Changes in Operating Assets and Liabilities      
Accounts Receivables (2,877) 10,065 (5,813)
Inventory 2,000 9,252 (5,753)
Prepaid Expenses and Other Current Assets (2,791) (2,763) 2,558
Accounts Payable and Accrued Liabilities (2,594) 3,970 (8,477)
Voyages in Progress (10,996) 4,607 12,819
Net Cash Provided by Operating Activities 19,824 128,158 139,445
Cash Flows from Investing Activities      
Investment in Vessels (134,450) (870) (73,526)
Investment in other Fixed Assets 0 (1,750) (144)
Proceeds from Sale of Vessels 46,751 0 0
Net Cash Used in Investing Activities (87,699) (2,620) (73,670)
Cash Flows from Financing Activities      
Proceeds from Borrowing activities 190,659 0 0
Proceeds from Issuance of Common Stock 0 8,932 0
Repurchase of Equity Awards 0 (3,547) 0
Proceeds from Vessel Financing 0 0 54,000
Repayment of Vessel financing (26,227) (20,662) (14,671)
Repayments on Borrowing Facility (8,225) (12,079) (44,549)
Transaction Costs Borrowing Facilities (2,514) 0 (669)
Dividends Distributed (84,700) (87,695) (89,783)
Net Cash Provided by / (Used In) Financing Activities 68,993 (115,051) (95,672)
Net Increase / (Decrease) in Cash, Cash Equivalents, and Restricted Cash 1,118 10,487 (29,897)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year 44,384 33,361 63,302
Effect of Exchange Rate Changes on Cash and Cash Equivalents 361 536 (44)
Cash, Cash Equivalents, and Restricted Cash at End of Year 45,863 44,384 33,361
Supplemental Disclosure of Cash Flow information      
Cash and Cash Equivalents 45,863 39,177 31,078
Restricted Cash 0 5,207 2,283
Total Cash, Cash equivalents and Restricted Cash Shown in the Statement of Cash Flows 45,863 44,384 33,361
Cash Paid for Taxes 33 10 23
Cash Paid for Interest, Net of Amounts Capitalized $ 35,007 $ 29,890 $ 29,040