XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 116,023,000 $ 243,744,000
Short-term investments 120,000,000 80,000,000
Restricted cash 0 0
Voyage receivables, net of allowance for credit losses of $56 and $261 including unbilled receivables of $234,392 and $279,567 241,088,000 289,775,000
Other receivables 12,840,000 12,583,000
Inventories 629,000 531,000
Prepaid expenses and other current assets 15,079,000 8,995,000
Advance payment on debt 46,427,000 0
Current portion of derivative asset 7,595,000 6,987,000
Total Current Assets 559,681,000 642,615,000
Vessels and other property, less accumulated depreciation of $378,341 and $331,903 1,977,639,000 1,680,010,000
Vessels construction in progress 0 123,940,000
Deferred drydock expenditures, net 69,887,000 65,611,000
Operating lease right-of-use assets 6,308,000 8,471,000
Finance lease right-of-use assets 0 44,391,000
Pool working capital deposits 32,521,000 35,593,000
Long-term derivative assets 4,462,000 4,662,000
Other assets 5,158,000 10,041,000
Total Assets 2,655,656,000 2,615,334,000
Current Liabilities:    
Accounts payable, accrued expenses and other current liabilities 47,044,000 51,069,000
Current portion of operating lease liabilities 452,000 1,596,000
Current portion of finance lease liabilities 0 41,870,000
Current installments of long-term debt 199,785,000 162,854,000
Total Current Liabilities 247,281,000 257,389,000
Long-term operating lease liabilities 7,539,000 7,740,000
Long-term debt 778,266,000 860,578,000
Other liabilities 2,296,000 1,875,000
Total Liabilities 1,035,382,000 1,127,582,000
Commitments and contingencies
Equity:    
Capital - 100,000,000 no par value shares authorized; 48,889,609 and 49,120,648 shares issued and outstanding 1,487,151,000 1,502,235,000
Retained earnings/(accumulated deficit) 127,368,000 (21,447,000)
Stockholders Equity Subtotal 1,614,519,000 1,480,788,000
Accumulated other comprehensive income 5,755,000 6,964,000
Total Equity 1,620,274,000 1,487,752,000
Total Liabilities and Equity $ 2,655,656,000 $ 2,615,334,000