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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 357,327 $ 253,176
Short-term investments 2,532 104
Accounts receivable (note 4) 13,001 11,678
Loans to affiliate (note 4) 0 36,100
Prepaid expenses and other 36,519 44,869
Gross investment in lease (note 5) 44,348 35,478
Fair value of financial instruments (note 18(c)) 113 0
Total current assets 453,840 381,405
Vessels (note 6) 5,926,274 4,537,216
Gross investment in lease (note 5) 817,631 687,896
Goodwill 75,321 75,321
Other assets (note 7) 204,931 196,304
Total assets 7,477,997 5,878,142
Current liabilities:    
Accounts payable and accrued liabilities (note 15(a)) 70,211 63,220
Current portion of deferred revenue (note 8) 55,915 55,367
Current portion of long-term debt (note 9) 722,641 257,800
Current portion of long-term obligations under capital lease (note 10) 48,384 43,912
Current portion of other long-term liabilities (note 11) 32,243 23,635
Total current liabilities 929,394 443,934
Deferred revenue (note 8) 376,884 328,681
Long-term debt (note 9) 2,764,900 2,192,833
Long-term obligations under capital lease (note 10) 591,372 595,016
Other long-term liabilities (note 11) 180,157 199,386
Fair value of financial instruments (note 18(c)) 127,172 168,860
Total liabilities 4,969,879 3,928,710
Puttable preferred shares; $0.01 par value; 1,986,449 issued and outstanding (2017 - nil) (notes 3 and 12) 48,139 0
Share capital (note 12):    
Preferred shares; $0.01 par value; 150,000,000 shares authorized (2017 – 150,000,000); 33,272,706 shares issued and outstanding (2017 – 32,872,706) 0 0
Class A common shares; $0.01 par value; 400,000,000 shares authorized (2017 – 200,000,000); 176,835,837 shares issued and outstanding (2017 – 131,664,101) 2,102 1,646
Treasury shares (371) (377)
Additional paid in capital 3,126,457 2,752,988
Deficit (645,638) (781,137)
Accumulated other comprehensive loss (22,571) (23,688)
Total shareholders' equity 2,459,979 1,949,432
Total liabilities and shareholders' equity 7,477,997 5,878,142
Commitments and contingencies (note 16) 0 0
Subsequent events (note 20) $ 0 $ 0