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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CONDENSED CONSOLIDATED STATEMENTS OF INCOME      
OPERATING REVENUES $ 993,344 $ 689,505 $ 461,594
OPERATING EXPENSES      
Voyage expenses (35,145) (24,325) (14,264)
Vessel operating expenses (158,972) (135,872) (110,946)
Depreciation and amortization of right-of-use assets (134,271) (116,917) (101,531)
Amortization of deferred drydocking and special survey costs (12,170) (10,181) (11,032)
General and administrative expenses (36,575) (43,951) (24,341)
Gain on sale of vessels 37,225    
Income from Operations 653,436 358,259 199,480
OTHER INCOME (EXPENSES):      
Interest income 4,591 12,230 6,638
Interest expense (62,141) (68,991) (53,502)
Gain/(loss) on investments (176,386) 543,653  
Dividend income 165,399 34,341  
Gain on debt extinguishment, net 4,351 111,616  
Equity income on investments   68,028 6,308
Other finance expenses (1,590) (1,326) (2,335)
Other income/(expense), net (6,578) 4,543 593
Loss on derivatives (3,622) (3,622) (3,632)
Total Other Income/(Expenses), net (75,976) 700,472 (45,930)
Income before income taxes 577,460 1,058,731 153,550
Income taxes (18,250) (5,890)  
Net Income $ 559,210 $ 1,052,841 $ 153,550
EARNINGS PER SHARE      
Basic earnings per share of common stock $ 27.30 $ 51.75 $ 6.51
Diluted earnings per share of common stock $ 27.28 $ 51.15 $ 6.45
Basic weighted average number of common shares (in thousands) 20,481,894 20,345,394 23,588,994
Diluted weighted average number of common shares (in thousands) 20,501,021 20,583,796 23,805,251