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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES:      
Voyage revenue (Note 19) $ 1,502,491 $ 1,113,859 $ 793,639
Income from investments in leaseback vessels 8,915 0 0
Revenues 1,511,406 1,113,859 793,639
EXPENSES:      
Voyage expenses (275,856) (49,069) (13,311)
Charter-in hire expenses (Note 2(q)) (340,926) 0 0
Voyage expenses-related parties (Note 3) (13,993) (15,418) (11,089)
Vessels' operating expenses (258,088) (269,231) (179,981)
General and administrative expenses (15,674) (9,737) (6,872)
General and administrative expenses - related parties (Note 3) (8,542) (9,792) (9,947)
Management and agency fees-related parties (Note 3) (56,254) (46,735) (29,621)
Amortization of dry-docking and special survey costs (Note 8) (19,782) (13,486) (10,433)
Depreciation (Notes 7, 12 and 24) (166,340) (165,998) (136,958)
Gain on sale of vessels, net (Notes 7 and 12 (c)) 112,220 126,336 45,894
Loss on vessels held for sale (Note 7) (2,305) 0 0
Vessels' impairment loss (Notes 7 and 8) (434) (1,691) 0
Foreign exchange gains 2,576 3,208 29
Operating income 468,008 662,246 441,350
OTHER INCOME / (EXPENSES):      
Interest income 32,447 5,956 1,587
Interest and finance costs (Note 20) (144,429) (122,233) (86,047)
Income from equity method investments (Note 10) 764 2,296 12,859
Gain on sale of equity securities (Note 5) 0 0 60,161
Dividend income (Note 5) 0 0 1,833
Other, net 6,941 3,729 4,624
Gain / (loss) on derivative instruments, net (Note 22) 17,288 2,698 (1,246)
Total other expenses, net (86,989) (107,554) (6,229)
Net income 381,019 554,692 435,121
Net loss attributable to the non-controlling interest (Note 16) 4,730 263 0
Net income attributable to Costamare Inc. 385,749 554,955 435,121
Earnings allocated to Preferred Stock (Note 18) (31,068) (31,068) (31,068)
Net income available to Common Stockholders $ 354,681 $ 523,887 $ 404,053
Earnings per common share, basic and diluted (Note 18) (in dollars per share) $ 2.95 $ 4.26 $ 3.28
Weighted average number of shares, basic and diluted (Note 18) (in shares) 120,299,172 122,964,358 123,070,730