v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 546,164 $ 453,384
Accounts receivable, net 27,454 25,578
Inventories 21,621 23,881
Prepaid expenses 4,939 1,902
Due from related parties $ 49,102 $ 52,572
Other Receivable, after Allowance for Credit Loss, Current, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member]
Other current assets $ 158,162 $ 113,650
Total current assets 807,442 670,967
NON-CURRENT ASSETS    
Fixed assets at cost, net of accumulated depreciation of $1,539,705 (2024: $1,458,978) 3,284,665 3,290,309
Advances for vessels acquisition and vessels under construction 304,686 265,838
Deferred charges, net 64,079 58,759
Other non-current assets 60,288 57,781
Total non-current assets 3,713,718 3,672,687
Total assets 4,521,160 4,343,654
CURRENT LIABILITIES    
Accounts payable 23,595 29,039
Accrued liabilities 23,385 23,644
Current portion of long-term debt, net 37,660 35,220
Unearned revenue 41,519 49,665
Other current liabilities 24,559 31,386
Total current liabilities 150,718 168,954
LONG-TERM LIABILITIES    
Long-term debt, net 723,534 699,563
Unearned revenue, net of current portion 11,157 22,901
Other long-term liabilities 43,198 27,436
Total long-term liabilities 777,889 749,900
Total liabilities 928,607 918,854
Commitments and Contingencies
STOCKHOLDERS' EQUITY    
Preferred stock (par value $0.01, 100,000,000 preferred shares authorized and not issued as of June 30, 2025 and December 31, 2024)
Common stock (par value $0.01, 750,000,000 common shares authorized as of June 30, 2025 and December 31, 2024. 25,586,083 and 25,585,985 shares issued as of June 30, 2025 and December 31, 2024; and 18,309,654 and 18,987,616 shares outstanding as of June 30, 2025 and December 31, 2024) 183 190
Additional paid-in capital 601,653 650,864
Accumulated other comprehensive loss (68,053) (70,430)
Retained earnings 3,058,770 2,844,176
Total stockholders' equity 3,592,553 3,424,800
Total liabilities and stockholders' equity $ 4,521,160 $ 4,343,654