v3.22.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands |
|
|
Current assets: |
|
|
Cash and cash equivalents |
$ 138,955
|
$ 86,147
|
Accounts receivable, net of a reserve of $1,921 and $1,818, respectively |
43,948
|
28,456
|
Prepaid expenses |
4,524
|
3,362
|
Inventories |
25,193
|
17,651
|
Vessel held for sale |
5,592
|
0
|
Collateral on derivatives |
16,770
|
15,081
|
Fair value of derivative assets - current |
8,459
|
4,669
|
Other current assets |
929
|
667
|
Total current assets |
244,370
|
156,033
|
Noncurrent assets: |
|
|
Vessels and vessel improvements, at cost, net of accumulated depreciation of $237,490 and $218,670, respectively |
885,255
|
908,076
|
Operating lease right-of-use assets |
35,370
|
17,017
|
Other fixed assets, net of accumulated depreciation of $1,521 and $1,403, respectively |
380
|
257
|
Restricted cash - noncurrent |
2,575
|
75
|
Deferred drydock costs, net |
46,930
|
37,093
|
Fair value of derivative assets - noncurrent |
7,746
|
3,112
|
Advances for ballast water systems and other assets |
3,983
|
4,995
|
Total noncurrent assets |
982,239
|
970,625
|
Total assets |
1,226,609
|
1,126,658
|
Current liabilities: |
|
|
Accounts payable |
22,189
|
20,781
|
Accrued interest |
3,008
|
2,957
|
Other accrued liabilities |
17,766
|
17,994
|
Fair value of derivative liabilities - current |
269
|
4,253
|
Lease liabilities - short term |
29,908
|
15,728
|
Unearned charter hire revenue |
13,609
|
12,088
|
Current portion of long-term debt |
49,800
|
49,800
|
Total current liabilities |
136,549
|
123,601
|
Noncurrent liabilities: |
|
|
Total debt |
318,474
|
330,244
|
Lease liabilities - long term |
5,455
|
1,282
|
Other noncurrent accrued liabilities |
636
|
265
|
Total noncurrent liabilities |
324,565
|
331,791
|
Total liabilities |
461,114
|
455,392
|
Commitments and contingencies |
|
|
Stockholders' equity: |
|
|
Preferred stock, $.01 par value, 25,000,000 shares authorized, none issued as of June 30, 2022 and December 31, 2021 |
0
|
0
|
Common stock, $0.01 par value, 700,000,000 shares authorized, 12,989,181 and 12,917,027 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively |
130
|
129
|
Additional paid-in capital |
963,482
|
982,746
|
Accumulated deficit |
(210,854)
|
(313,495)
|
Accumulated other comprehensive income |
12,737
|
1,886
|
Total stockholders' equity |
765,495
|
671,266
|
Total liabilities and stockholders' equity |
1,226,609
|
1,126,658
|
Ultraco Global Debt Facility |
|
|
Noncurrent liabilities: |
|
|
Total debt |
205,221
|
229,290
|
Convertible Bond Debt |
|
|
Noncurrent liabilities: |
|
|
Total debt |
$ 113,253
|
$ 100,954
|
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