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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating revenues      
Interest income related parties – direct financing leases $ 0 $ 382 $ 5,186
Interest income other – sales-type, direct financing leases and leaseback assets 6,192 8,534 14,338
Service revenue related parties – direct financing leases 0 1,746 6,570
Profit sharing revenues – related parties 0 3,044 10,103
Profit sharing income – other 13,162 24,786 10,601
Time charter revenues – related parties 54,601 52,326 50,463
Time charter revenues – other 489,833 423,662 319,282
Bareboat charter revenues – related parties 0 17,770 28,898
Bareboat charter revenues – other 0 41,183 1,798
Voyage charter revenues 33,648 72,362 61,804
Drilling contract revenues 146,890 18,775 0
Other operating income 7,960 5,823 4,353
Total operating revenues 752,286 670,393 513,396
Gain on sale of assets, net 18,670 13,228 39,405
Operating expenses      
Vessel operating expenses – related parties 22,736 24,141 28,623
Vessel operating expenses – other 158,197 164,261 128,109
Rig operating expenses 112,823 16,741 0
Depreciation 214,062 187,827 138,330
Vessel impairment charge 7,389 0 1,927
Administrative expenses – related parties 1,455 1,541 740
Administrative expenses – other 14,110 13,636 12,234
Total operating expenses 530,772 408,147 309,963
Net operating income 240,184 275,474 242,838
Non-operating income / (expense)      
Interest income – related parties, long term loans to associated companies 4,563 4,563 6,921
Interest income – related parties, other 0 463 443
Interest income – other 9,073 2,947 86
Interest expense (167,010) (117,339) (97,090)
(Loss)/gain on investments in debt and equity securities (1,912) 18,171 995
Loss on purchase of bonds and debt extinguishment (540) 0 (727)
Dividend income – related parties 1,246 128 0
Other financial items, net (1,192) 15,528 6,683
Equity in earnings of associated companies 2,848 2,833 4,194
Income before taxes 87,260 202,768 164,343
Tax expense (3,323) 0 0
Net income $ 83,937 $ 202,768 $ 164,343
Per share information:      
Basic earnings per share (in dollars per share) $ 0.67 $ 1.60 $ 1.35
Weighted average number of shares outstanding, basic (in shares) 126,249 126,789 122,141
Diluted earnings per share (in dollars per share) $ 0.66 $ 1.53 $ 1.30
Weighted average number of shares outstanding, diluted (in shares) 126,584 137,377 139,383
Cash dividend per share declared and paid (in dollars per share) $ 0.97 $ 0.88 $ 0.63