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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating revenues    
Interest income related parties – direct financing leases $ 946 $ 1,932
Interest income other – sales-type, direct financing leases and leaseback assets 33,275 26,484
Service revenue related parties – direct financing leases 3,591 4,887
Profit sharing revenues - related parties 10,358 1,547
Profit sharing revenues - Bunker Savings from non related parties 1,218 0
Time charter revenues - related parties 26,663 25,752
Time charter revenues - other 132,011 143,225
Bareboat charter revenues - other 6,437 12,494
Voyage charter revenues - other 23,775 9,428
Other operating income 2,087 1,696
Total operating revenues 240,361 227,445
Gain/(loss) on sale of assets and termination of charters, net 2,250 0
Operating expenses    
Vessel operating expenses - related parties 15,250 16,453
Vessel operating expenses - other 63,514 49,059
Depreciation 55,298 58,648
Vessel impairment charge 80,511 0
Administrative expenses - related parties 587 894
Administrative expenses - other 5,458 5,011
Total operating expenses 220,618 130,065
Net operating income 21,993 97,380
Non-operating income / (expense)    
Interest income - related parties, long term loans to associated companies 7,064 7,064
Interest income – related parties, other 179 850
Interest income - other 1,043 2,376
Interest expense - other (71,273) (72,165)
Gain on repurchase of bonds 1,081 1,802
Gain on settlement of loan note - related party loan notes 4,446 0
(Loss)/gain on investments in debt and equity securities (18,236) 27,323
Dividend income - related parties 3,884 2,164
Other financial items, net (31,583) (14,072)
Net (loss)/income before equity in earnings of associated companies (81,402) 52,722
Equity in earnings of associated companies 6,246 8,991
Net (loss)/income $ (75,156) $ 61,713
Per share information:    
Basic (loss)/earnings per share $ (0.70) $ 0.57
Diluted (loss)/earnings per share $ (0.70) $ 0.56