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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating revenues      
Direct financing lease interest income - related parties $ 34,193 $ 45,363 $ 55,385
Direct financing and sales-type lease interest income - other 0 0 4,231
Finance lease service revenues - related parties 46,460 46,488 52,390
Finance lease service revenues - other 0 0 1,846
Profit sharing revenues - related parties 59,607 33,756 770
Time charter revenues - related parties 30,319 10,039 5,647
Time charter revenues - other 130,459 83,013 77,778
Bareboat charter revenues - related parties 12,596 16,364 18,324
Bareboat charter revenues - other 55,419 53,407 42,705
Voyage charter revenues - other 35,783 34,608 9,724
Other operating income 1,904 4,449 2,060
Total operating revenues 406,740 327,487 270,860
Gain on sale of assets and termination of charters, net 7,364 23,931 18,025
Operating expenses      
Vessel operating expenses - related parties 56,939 49,170 54,916
Vessel operating expenses - other 63,892 70,300 50,618
Depreciation 78,080 67,393 58,436
Vessel impairment charge 42,410 11,800 0
Administrative expenses - related parties 1,032 965 439
Administrative expenses - other 5,705 6,644 7,110
Total operating expenses 248,058 206,272 171,519
Net operating income 166,046 145,146 117,366
Non-operating income / (expense)      
Interest income – related parties, associated companies 18,672 24,464 19,575
Interest income – related parties, other 13,395 4,029 482
Interest income - other 7,075 11,958 10,023
Interest expense - other (70,583) (86,081) (87,225)
Gain/(loss) on purchase of bonds 1,007 (21) (1,218)
Gain on sale of investment in associated company 0 6,055 0
Gain on redemption of loan notes - related parties 28,904 0 0
Gain on sale of loan notes and share warrants - other 44,552 0 0
Available-for sale securities impairment charge (20,552) 0 0
Other financial items, net (21,289) (16,232) 2,003
Net income before equity in earnings of associated companies 167,227 89,318 61,006
Equity in earnings of associated companies 33,605 33,497 28,200
Net income $ 200,832 $ 122,815 $ 89,206
Per share information:      
Basic earnings per share (in dollars per share) $ 2.15 $ 1.32 $ 1.00
Weighted average number of shares outstanding, basic 93,450 93,331 89,508
Diluted earnings per share (in dollars per share) $ 1.88 $ 1.24 $ 0.99
Weighted average number of shares outstanding, diluted 119,008 116,747 95,424
Cash dividend per share declared and paid (in dollars per share) $ 1.74 $ 1.63 $ 1.17