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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities:    
Net income $ 581,068 $ 111,211
Items included in net income not affecting cash flows:    
Depreciation and amortization 80,256 81,054
Amortization of debt discount and other deferred financing costs 2,678 1,966
Stock compensation 3,027 3,790
Other - net (408) 206
Items included in net income related to investing and financing activities:    
Gain on disposal of vessels and other assets, net (88,128) (21,250)
Holding gain on previously held equity interest (3,919) 0
Payments for drydocking (33,385) (43,451)
Insurance claims proceeds related to vessel operations 530 871
Changes in operating assets and liabilities:    
(Increase)/decrease in voyage receivables (128,771) 35,311
Decrease in deferred revenue (4,353) (6,347)
Net change in other receivables, inventories, prepaid expenses and other current assets, accounts payable, accrued expenses and other current and long-term liabilities 145 (7,635)
Net cash provided by operating activities 408,740 155,726
Cash Flows from Investing Activities:    
Expenditures for vessels, vessel improvements and vessels under construction (122,873) (100,878)
Security deposits returned for vessel exchange transactions 0 5,000
Proceeds from disposal of vessels and other property 222,378 143,167
Expenditures for other property (386) (553)
Cash consideration paid for the purchase of equity method investment, net of cash acquired (4,493) 0
Investments in short-term time deposits (335,000) 0
Proceeds from maturities of short-term time deposits 135,000 0
Pool working capital deposits 0 (250)
Net cash (used in)/provided by investing activities (105,374) 46,486
Cash Flows from Financing Activities:    
Borrowings on nonrevolving credit facility debt 85,209 0
Repayments of nonrevolving credit facility debt (2,037) 0
Borrowings on revolving credit facilities 30,500 20,000
Repayments on revolving credit facilities (22,000) (137,200)
Payments on sale and leaseback financing (10,655) (24,639)
Payments of deferred financing costs (3,358) (87)
Cash dividends paid (331,754) (64,115)
Cash paid to tax authority upon vesting or exercise of stock-based compensation (6,796) (4,870)
Net cash used in financing activities (260,891) (210,911)
Net increase/(decrease) in cash and cash equivalents 42,475 (8,699)
Cash and cash equivalents at beginning of year 116,922 157,506
Cash and cash equivalents at end of period $ 159,397 $ 148,807