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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Operating revenue $ 102,836 $ 76,177 $ 194,032 $ 139,679
Vessel charter revenue 64,561 0 64,561 0
Other revenue 56,442 18,389 110,930 29,417
Total revenues 223,839 94,566 369,523 169,096
Operating expenses        
Cost of sales 101,430 69,899 198,101 138,115
Vessel operating expenses 15,400 0 15,400 0
Operations and maintenance 18,565 9,500 34,816 17,983
Selling, general and administrative 44,536 31,846 78,152 60,216
Transaction and integration costs 29,152 0 40,716 0
Contract termination charges and loss on mitigation sales 0 123,906 0 124,114
Depreciation and amortization 26,997 7,620 36,886 12,874
Total operating expenses 236,080 242,771 404,071 353,302
Operating loss (12,241) (148,205) (34,548) (184,206)
Interest expense 31,482 17,198 50,162 31,088
Other (income) expense, net (7,457) 999 (8,058) 1,610
Loss on extinguishment of debt, net 0 0 0 9,557
Net loss before income from equity method investments and income taxes (36,266) (166,402) (76,652) (226,461)
Income from equity method investments 38,941 0 38,941 0
Tax provision 4,409 117 3,532 113
Net loss (1,734) (166,519) (41,243) (226,574)
Net (income) loss attributable to non-controlling interest (4,310) 29,094 (2,704) 80,851
Net loss attributable to stockholders $ (6,044) $ (137,425) $ (43,947) $ (145,723)
Net loss per share - basic (in dollars per share) $ (0.03) $ (2.40) $ (0.23) $ (3.49)
Net loss per share - diluted (in dollars per share) $ (0.03) $ (2.40) $ (0.23) $ (3.49)
Weighted average number of shares outstanding - basic (in shares) 202,331,304 57,341,215 189,885,473 41,771,849
Weighted average number of shares outstanding - diluted (in shares) 202,331,304 57,341,215 189,885,473 41,771,849
Other comprehensive loss:        
Net loss $ (1,734) $ (166,519) $ (41,243) $ (226,574)
Currency translation adjustment (101,690) (520) (100,693) (151)
Comprehensive income (loss) 99,956 (165,999) 59,450 (226,423)
Comprehensive (income) loss attributable to non-controlling interest (4,637) 29,009 (2,157) 81,082
Comprehensive income (loss) attributable to stockholders $ 95,319 $ (136,990) $ 57,293 $ (145,341)