XML 27 R5.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue      
Vessel revenue $ 1,243,951 $ 1,341,222 $ 1,562,873
Operating expenses      
Vessel operating costs (319,147) (315,582) (323,725)
Voyage expenses (30,371) (13,243) (92,698)
Depreciation - vessels and drydock (185,319) (178,259) (168,008)
Depreciation - right of use assets for vessels 0 (24,244) (38,827)
Reversal of previously recorded impairment 0 0 12,708
Write-off of deposits on scrubbers 0 (10,508) 0
General and administrative expenses (121,048) (106,255) (88,131)
Gain on sale of vessels 176,537 12,019 (66,486)
Total operating expenses (479,348) (636,072) (765,167)
Operating income 764,603 705,150 797,706
Other (expense) and income, net      
Financial expenses (109,539) (183,231) (169,795)
Financial income 15,947 19,112 6,884
Share of income from dual fuel tanker joint venture 7,664 5,950 679
Dividend income and fair value loss on financial assets measured at fair value through profit or loss (11,176) 0 0
Gain on repurchase of convertible notes 0 0 481
Other income and (expenses), net 1,275 (83) 1,296
Total other expense, net (95,829) (158,252) (160,455)
Net income 668,774 546,898 637,251
Attributable to:      
Equity holders of the parent $ 668,774 $ 546,898 $ 637,251
Earnings per share      
Basic (in USD per share) $ 13.78 $ 10.44 $ 11.49
Diluted (in USD per share) $ 13.15 $ 10.03 $ 10.34
Basic weighted average shares outstanding (in shares) 48,544,137 52,369,269 55,455,277
Diluted weighted average shares outstanding (in shares) 50,874,322 54,527,747 63,511,276