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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash Flows from Operating Activities:    
Net income $ 925,306 $ 181,757
Items included in net income not affecting cash flows:    
Depreciation and amortization 121,539 122,224
Amortization of debt discount and other deferred financing costs 4,152 2,980
Stock compensation 5,118 5,810
Other - net (619) (34)
Items included in net income related to investing and financing activities:    
Gain on disposal of vessels and other assets, net (140,945) (34,908)
Holding gain on previously held equity interest (3,919) 0
Payments for drydocking (61,719) (63,181)
Insurance claims proceeds related to vessel operations 791 1,914
Changes in operating assets and liabilities:    
(Increase)/decrease in voyage receivables (204,028) 30,504
Decrease in deferred revenue (3,214) (6,549)
Net change in other receivables, inventories, prepaid expenses and other current assets, accounts payable, accrued expenses and other current and long-term liabilities 9,293 (6,466)
Net cash provided by operating activities 651,755 234,051
Cash Flows from Investing Activities:    
Expenditures for vessels, vessel improvements and vessels under construction (199,309) (188,546)
Security deposits returned for vessel exchange transactions 0 5,000
Proceeds from disposal of vessels and other property 296,572 209,903
Expenditures for other property (1,041) (627)
Cash consideration paid for the purchase of equity method investment, net of cash acquired (4,493) 0
Investments in short-term time deposits (440,000) 0
Proceeds from maturities of short-term time deposits 200,000 0
Pool working capital deposits (450) (250)
Net cash (used in)/provided by investing activities (148,721) 25,480
Cash Flows from Financing Activities:    
Borrowings on nonrevolving credit facility debt 158,245 290,775
Repayments of nonrevolving credit facility debt (4,122) 0
Borrowings on revolving credit facilities 127,000 20,000
Repayments on revolving credit facilities (127,000) (164,581)
Payments on sale and leaseback financing (16,143) (37,381)
Payments of deferred financing costs (5,224) (6,036)
Cash dividends paid (581,887) (102,127)
Cash paid to tax authority upon vesting or exercise of stock-based compensation (7,198) (5,118)
Net cash used in financing activities (456,329) (4,468)
Net increase in cash and cash equivalents 46,705 255,063
Cash and cash equivalents at beginning of year 116,922 157,506
Cash and cash equivalents at end of period $ 163,627 $ 412,569