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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 488,511 $ 425,066
Restricted cash, current (Notes 9 and 19) 11,808 11,218
Trade accounts receivable, net 83,587 79,303
Inventories (Note 5) 51,477 78,589
Due from managers 52 45
Due from related parties (Note 3) $ 79 $ 37
Accounts Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration] Related Party [Member] Related Party [Member]
Prepaid expenses and other receivables $ 12,694 $ 18,873
Derivatives, current asset portion (Note 19) 617 2,177
Accrued income 0 67
Other current assets (including nil and $1,517 of investment in debt security as of December 31, 2024 and December 31, 2025, respectively, Note 19) 34,520 43,598
Total Current Assets 683,345 658,973
FIXED ASSETS    
Advances for vessels under construction (Note 6) 87,277 27,526
Vessels and other fixed assets, net (Note 6) 2,874,947 3,208,357
Total Fixed Assets 2,962,224 3,235,883
OTHER NON-CURRENT ASSETS    
Long-term investment (Note 4) 826 1,733
Restricted cash, non-current (Note 9) 1,615 4,596
Operating leases, right-of-use assets (Note 7) 157,058 184,509
Derivatives, non-current asset portion (Note 19) 0 330
Other non-current assets 317 354
TOTAL ASSETS 3,805,385 4,086,378
CURRENT LIABILITIES    
Current portion of long-term bank loans & revolving facilities (Note 9) 226,137 221,147
Lease financing short term (Note 8) 2,731 2,731
Accounts payable 49,456 51,591
Due to managers 12,151 10,938
Due to related parties (Note 3) $ 3,557 $ 3,274
Accounts Payable, Current, Related Party [Extensible Enumeration] Related Party [Member] Related Party [Member]
Accrued liabilities (Note 14) $ 38,660 $ 62,607
Operating lease liabilities, current (Note 7) 28,624 28,227
Deferred revenue 20,361 17,297
Other current liabilities 2,000 2,000
Total Current Liabilities 383,677 399,812
NON-CURRENT LIABILITIES    
Long-term bank loans & revolving facilities, net of current portion and unamortized loan issuance costs of $7,606 and $5,321, as of December 31, 2024 and December 31, 2025, respectively (Note 9) 833,533 1,035,135
Lease financing long term, net of unamortized lease issuance costs of $51 and $17, as of December 31, 2024 and December 31, 2025, respectively (Note 8) 9,827 12,524
Operating lease liabilities, non-current (Note 7) 128,434 156,282
Other non-current liabilities 651 850
TOTAL LIABILITIES 1,356,122 1,604,603
SHAREHOLDERS' EQUITY    
Preferred Shares; $0.01 par value, authorized 25,000,000 shares; none issued or outstanding at December 31, 2024 and December 31, 2025, respectively (Note 10) 0 0
Common Shares, $0.01 par value, 300,000,000 shares authorized; 117,630,112 shares issued and outstanding as of December 31, 2024; 113,424,507 shares issued and outstanding as of December 31, 2025 (Note 10) 1,134 1,142
Additional paid in capital (Note 10) 3,003,587 3,083,906
Accumulated other comprehensive income 321 2,299
Accumulated deficit (555,779) (605,572)
Total Shareholders' Equity 2,449,263 2,481,775
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 3,805,385 $ 4,086,378