7Baggers
Quarterly
Annual
    Unit: USD2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-09-30 2019-06-30 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2016-09-30 2016-06-30 2015-09-30 2015-03-31 2014-12-31 2014-09-30 2014-03-31 2013-12-31 2013-03-31 2012-12-31 2012-03-31 2011-12-31 2011-11-30 2011-09-30 2011-03-31 2010-12-31 2010-11-30 2010-09-30 2010-07-31 2009-03-31 
      
    		                                        
      operating activities
    		                                        
      net income
    		45,302,000 29,305,000 16,932,000 6,332,000 49,885,000  47,021,000     15,956,000   3,822,000 28,121,000 29,731,000 15,766,000 24,655,000 101,209,000 32,266,000 38,812,000 45,486,000 33,110,000 122,815,000 34,586,000 40,733,000 18,302,000 32,378,000 34,559,000 61,226,000  -14,018,000 9,367,000 32,101,000  -8,982,000 -13,342,000 56,953,000  
      adjustments to reconcile net income to net cash from operating activities:
    		                                        
      depreciation and amortization
    		57,314,000 57,231,000 52,564,000 52,487,000 50,333,000  47,487,000 38,623,000 35,459,000 32,031,000 126,960,000 31,843,000  30,773,000 33,387,000 33,095,000 29,927,000 26,664,000 23,698,000 95,914,000 26,622,000 26,085,000 22,164,000 20,755,000 76,683,000 19,501,000 17,280,000 18,099,000 15,946,000            
      vessel impairment charge
    		   7,389,000     1,927,000  333,149,000   80,511,000 25,913,000  6,811,000 21,779,000       11,800,000                
      adjustment of derivatives to fair value recognised in net income
    		-1,822,000 -2,306,000 -1,860,000 7,431,000 -5,211,000  -8,380,000 -2,041,000 1,024,000 -7,961,000 20,432,000 -2,038,000  23,221,000 886,000 4,357,000      3,267,000 12,437,000 6,565,000 7,699,000                
      loss on investments in debt and equity securities
    		415,000                                        
      results in associates
    		-778,000 -704,000 -754,000 -697,000 -715,000  -699,000 -860,000 -516,000 -2,048,000 -4,286,000 3,118,000                             
      (gain)/loss on sale of assets and termination of charters
    		17,000                                        
      repayment of investment in sales-type leases & leaseback assets
    		2,732,000                                        
      other
    		832,000 124,000 1,058,000 1,253,000 1,435,000  608,000 166,000 1,112,000 -81,000 -69,554,000 -361,000   241,000 8,131,000 756,000 121,000 98,000 10,262,000 167,000     1,058,000   -1,542,000 -714,000 -657,000  -52,000 -27,000 -38,000  121,000 -15,000 -115,000 -736,000 
      change in operating assets and liabilities
    		-41,007,000 -53,323,000 83,471,000 13,268,000 -11,039,000  -7,382,000 82,000 -4,673,000 -789,000 15,300,000 4,471,000  15,202,000 18,019,000   622,000 8,291,000 3,509,000 8,434,000 20,376,000  14,680,000     44,575,000 -9,530,000 -24,312,000  15,185,000 -49,994,000 40,983,000  57,737,000 -163,233,000 99,161,000 34,985,000 
      net cash from operating activities
    		63,005,000 31,207,000 149,906,000 81,056,000 79,915,000 85,200,000 81,507,000 77,141,000 61,964,000 62,992,000 276,475,000 71,976,000 47,914,000 74,512,000 77,334,000 45,048,000 51,711,000 44,132,000 49,972,000 177,796,000 56,149,000 81,071,000 66,078,000 65,589,000 132,401,000 38,729,000 37,061,000 24,145,000 68,000,000 20,092,000 17,871,000  14,417,000 -46,728,000 70,140,000  65,586,000 -161,453,000 132,293,000 72,528,000 
      investing activities
    		                                        
      purchase of vessels, capital improvements, newbuildings and deposits
    		-90,090,000 -65,616,000 -111,188,000 -23,993,000                                     
      proceeds from sale of vessels and termination of charters
    		11,983,000 51,989,000 60,471,000 43,740,000    86,267,000 -519,000  210,920,000 117,929,000  34,581,000                           
      cash received from associates
    		731,000 727,000 720,000 736,000 728,000  734,000                      33,959,000            
      other assets / investments
    		-2,980,000 4,780,000 -1,860,000 -4,170,000 -3,546,000  10,954,000 -1,180,000 440,000 -132,000 39,322,000 34,478,000           661,000  42,123,000  66,200,000    678,000  30,833,000 -8,804,000 -28,996,000    -638,000 -249,000 
      net cash from investing activities
    		-80,356,000 -8,120,000    69,047,000 -175,055,000                       27,992,000 16,010,000  -34,453,000 170,322,000 -145,717,000  -36,496,000 9,583,000 48,625,000 52,207,000 
      financing activities
    		                                        
      repayments of finance lease liability
    		-13,855,000 -13,464,000 -13,343,000 -13,226,000 -12,826,000  -12,635,000 -12,239,000 -12,167,000 -12,071,000 -68,599,000 -16,642,000                             
      proceeds from long and short term debt
    		165,703,000 91,267,000 425,047,000 295,140,000 342,000,000  206,600,000 264,000,000 201,000,000 51,000,000 397,231,000   122,231,000 58,963,000 112,938,000 206,317,000 534,000,000 19,000,000 302,104,000  69,560,000 394,939,000 128,308,000 733,632,000 215,150,000 192,055,000 128,000,000 385,000,000 4,600,000 24,948,000  -1,390,000 -164,020,000 210,000,000  56,876,000 -55,116,000 31,000,000 44,500,000 
      repayment of long and short term debt
    		-98,074,000 -99,391,000 -367,865,000 -253,030,000 -246,362,000  -71,143,000 -115,205,000 -75,845,000 -75,823,000 -624,588,000 -116,426,000                 -263,177,000 -56,302,000 -36,306,000  23,127,000 45,146,000 -97,170,000  -25,954,000 110,683,000 -135,319,000 -121,427,000 
      repurchase of company bonds
    		 -38,067,000 -84,920,000 -82,861,000                                     
      expenses paid in connection with securing finance
    		-784,000 -500,000 -5,429,000 -6,318,000 -2,432,000  -1,692,000 -2,735,000 -3,127,000 -446,000 -4,752,000 -47,000                 -7,832,000 -116,000 -204,000  -13,202,000 3,690,000 -3,938,000  -65,000 10,286,000 -10,608,000 -167,000 
      principal settlements of cross currency swaps
    		 -10,600,000  -9,812,000       -11,706,000                              
      cash paid for share repurchase
    		 -5,339,000 -4,835,000                                      
      cash dividends paid
    		-32,978,000 -30,431,000 -30,431,000 -30,431,000 -29,161,000 -27,893,000 -25,357,000 -19,018,000 -18,259,000 -17,454,000 -109,394,000 -27,283,000                  -30,898,000 -30,898,000  0 -791,000 -30,068,000  -1,583,000 8,834,000 -34,945,000 -43,646,000 
      net cash provided by/ (used in) financing activities
    		20,012,000 -106,525,000 -81,776,000 -100,538,000 51,219,000  95,773,000 118,376,000 106,842,000 -54,752,000 -431,432,000 -157,930,000     95,784,000 452,861,000    4,225,000                   
      net increase/ (decrease) in cash and cash equivalents
    		2,661,000                 4,796,000  90,670,000         4,278,000            
      cash and cash equivalents at beginning of period
    		165,492,000                144,787,000 139,991,000 153,052,000 62,382,000 82,016,000 84,426,000 61,571,000 50,818,000 58,641,000 49,480,000 58,641,000 59,031,000 60,542,000            
      cash and cash equivalents at end of period
    		168,153,000                143,989,000 144,787,000 139,991,000 153,052,000 63,420,000 82,016,000 60,283,000 49,730,000 50,818,000 32,623,000 36,982,000 58,641,000 64,820,000 66,818,000 100,788,000  -7,265,000 -1,608,000 90,109,000  12,227,000 -49,055,000 103,640,000 50,070,000 
      depreciation
    		                                        
      amortization of deferred charges
    		                                        
      amortization of deferred charter revenue
    		                                        
      adjustment of derivatives to fair value recognized in net income
    		                                        
      (gain)/loss on investments in debt and equity securities
    		 -274,000 1,040,000                                      
      equity in earnings of associated companies
    		                                        
      gain on sale of assets
    		                                 -5,575,000 -278,000  -538,000 27,931,000 -27,809,000  
      repayments from investment in sales-type, direct financing and leaseback assets
    		                                        
      loss on repurchase of bonds
    		                                        
      changes in operating assets and liabilities
    		                                        
      trade accounts receivable
    		                                        
      due to/ from related parties
    		                                        
      other receivables and other current assets
    		                                        
      inventories
    		                                        
      prepaid expenses and accrued income
    		                                        
      trade accounts payable
    		                                        
      accrued expenses and other current liabilities
    		                                        
      purchase of vessels, capital improvements and other additions
    		                                        
      proceeds from sale of vessels
    		                                        
      net amounts received from associated companies
    		                                        
      payments for acquisition of debt and equity securities
    		                                        
      proceeds from redemption of debt and equity securities
    		                                        
      collateral deposits received/(paid) on swap agreements
    		                                        
      other investments and long-term assets
    		                                        
      repayments of lease obligation liability
    		                                        
      proceeds from issuance of short-term and long-term debt
    		                                        
      repayments of short-term and long-term debt
    		                                        
      repurchase of bonds
    		                                        
      debt fees paid
    		                                        
      proceeds from shares issued, net of issuance costs
    		                                        
      cash paid for shares repurchase
    		                                        
      net cash (used in)/provided by financing activities
    		                                        
      net change in cash, restricted cash and cash equivalents
    		                                        
      cash, restricted cash and cash equivalents at start of the year
    		                                        
      cash, restricted cash and cash equivalents at end of the year
    		                                        
      gain on sale of assets and termination of charters
    		 -2,194,000 -6,420,000 -10,056,000    -56,000   -4,144,000       195,000 1,428,000  181,000   114,000     -18,025,000 -1,923,000 -21,704,000          
      repayment of investment in sales-type, direct financing & leaseback assets
    		 3,348,000 3,875,000 3,897,000 3,854,000  5,357,000 8,549,000 9,966,000 12,429,000 60,590,000 16,357,000                             
      net increase/ (decrease) in cash, cash equivalents
    		 -83,438,000                                       
      cash, cash equivalents at beginning of period
    		 201,466,000                                       
      cash, cash equivalents at end of period
    		 118,028,000                                       
      net cash provided by/ (used in) investing activities
    		  -51,857,000 16,313,000 -181,982,000   -316,962,000 -15,102,000 -8,624,000 176,339,000 140,278,000    18,035,000   52,530,000 48,362,000 36,439,000      23,617,000 41,953,000 70,317,000            
      net increase/ (decrease) in cash, cash equivalents and restricted cash
    		  16,273,000 -3,169,000 -50,848,000  2,225,000 -121,445,000 153,704,000 -384,000 21,382,000 54,324,000  14,925,000  58,323,000                         
      cash, cash equivalents and restricted cash at beginning of period
    		  185,193,000 188,362,000 229,530,000  153,960,000 377,718,000 224,014,000 224,398,000 203,016,000 160,118,000  203,016,000 212,400,000 154,077,000                         
      cash, cash equivalents and restricted cash at end of period
    		  201,466,000 185,193,000 178,682,000  156,185,000 256,273,000 377,718,000 224,014,000 224,398,000 214,442,000  217,941,000 138,332,000 212,400,000                         
      gain on investments in debt and equity securities
    		   -248,000 -8,627,000                                    
      net income/
    		       33,214,000 19,527,000 31,482,000 -224,425,000                              
      adjustments to reconcile net income/(loss) to net cash from operating activities:
    		                                        
      gain on sale of subsidiaries
    		                                        
      loss/(gain) on repurchase of bonds
    		                                        
      loss on early termination of swaps
    		                                        
      additions to direct financing leases and leaseback assets
    		                                        
      proceeds from sale of subsidiaries, net of cash disposed of
    		                                        
      collateral deposits (received)/paid on swap agreements
    		                                        
      net cash (used in)/provided by investing activities
    		                                        
      payment for early settlements of interest rate swaps
    		                                        
      net cash provided by/(used in) financing activities
    		                                        
      net change in restricted cash and cash and cash equivalents
    		                                        
      purchase of vessels and capital improvements in progress
    		    -143,111,000  -179,056,000 -380,693,000 -564,000 -3,580,000 -55,016,000 -8,969,000                             
      net investment in newbuildings and vessel deposits
    		    -36,053,000  -7,687,000 -31,206,000 -14,526,000 -4,257,000                   -17,739,000 -11,815,000 -11,419,000  7,622,000 -10,484,000 -39,298,000      
      resale/ (repurchase) of company bonds
    		                                        
      cash received from share issuance
    		       5,852,000 81,531,000 1,897,000 61,485,000 2,468,000                             
      additions to newbuildings and vessel purchase deposits
    		                                        
      proceeds/(payments) from sales of vessels and termination of charters
    		                                        
      net amounts received from/(paid to) associated companies
    		                                        
      proceeds from redemption of available-for-sale debt securities
    		                                        
      proceeds from capital distribution and divestment from equity securities
    		                                        
      collateral deposits paid on swap agreements
    		                                        
      repayment of lease obligation liability
    		                                        
      shares issued, net of issuance costs
    		                                        
      net cash from financing activities
    		                      285,305,000   18,560,000   -134,039,000 -82,054,000 -44,679,000  14,379,000 -128,344,000 78,719,000  32,192,000 83,361,000 -161,464,000 -120,740,000 
      cash, restricted cash and cash equivalents at start of the period
    		                                        
      cash, restricted cash and cash equivalents at end of the period
    		                                        
      cash, restricted cash and cash equivalents:
    		                                        
      cash and cash equivalents
    		                                        
      restricted cash
    		                                        
      (gain) or loss on investments in debt and equity securities
    		      -2,505,000 -536,000 -1,862,000 -2,071,000 22,453,000 2,630,000  13,562,000                           
      resale (repurchase) of company bonds
    		       -2,279,000 -66,291,000 -1,855,000 -66,570,000                              
      amortization of seller's credit
    		                                        
      long-term assets impairment charge
    		                                        
      proceeds from sale of equity securities
    		                                        
      repurchase and redemption of bonds
    		                                        
      discount received on debt repurchased
    		               1,654,000                         
      additions to investment in sales-type, direct financing & leaseback assets
    		          -65,030,000                              
      disposal of subsidiary, net of cash disposed of
    		          14,676,000                              
      cash received from (paid to) associates
    		       9,850,000 67,000 -655,000 31,467,000 -3,160,000  7,876,000  15,649,000   27,472,000 27,322,000 10,955,000 10,140,000   88,585,000 4,613,000  28,396,000             
      payments for early settlements of interest rate swaps
    		          -4,539,000                              
      proceeds from sales of vessels and termination of charters
    		                                        
      proceeds from sale of shares
    		                                        
      other investments and long term assets
    		                                        
      discounts received on debt repurchased
    		                                        
      net cash from by financing activities
    		                                        
      repayment of investment in finance leases and vessel loans
    		             12,003,000 11,730,000                          
      additions to finance leases and vessel loans
    		                                        
      amortization of charter related deferred asset and straightlining of operating leases
    		                                        
      loss/(gain) on sale of assets and termination of charters
    		                                        
      gain on sale of subsidiary and disposal groups
    		                                        
      (gain)/loss on repurchase of bonds
    		                                        
      interest receivable in form of notes
    		                                        
      due from related parties
    		                                        
      other receivables
    		                                        
      other current assets
    		                                        
      accrued expenses
    		                                        
      other current liabilities
    		                                        
      repayments from investment in direct financing and sales-type leases
    		                                        
      additions to newbuildings
    		                                        
      purchase of vessels
    		                                  -146,562,000      
      other long-term assets acquired
    		                                        
      proceeds from sale of frontline shares
    		                                        
      proceeds from finance leases
    		                                        
      net (decrease)/increase in cash and cash equivalents
    		                                        
      supplemental disclosure of cash flow information:
    		                                        
      interest paid, net of capitalized interest
    		                                        
      mark to market of equity securities
    		                  996,000                      
      gain on sale of investments in debt and equity securities
    		                                        
      proceeds from sale of vessels / new buildings and termination of charters
    		                                        
      repayment of investment in finance leases
    		               10,442,000 8,873,000 9,534,000 7,530,000 31,929,000                     
      additions to finance leases
    		                                        
      proceeds from capital leases
    		                100,000,000                        
      amortization of seller’s credit
    		                                        
      amortization of long-term charter contract values acquired with vessels
    		                                        
      gain/(loss) on sale of assets and termination of charters
    		                                        
      loss/(gain) on sale of subsidiary and disposal groups
    		                                        
      unrealized gain on marketable securities
    		                                        
      realized gain on sale of debt and equity securities
    		                                        
      changes in operating assets and liabilities:
    		                                        
      repayments from investments in direct financing and sales-type leases
    		                                        
      additions to finance lease
    		                                        
      purchase of vessels and capital improvements
    		                                        
      net cash provided by/(used in) investing activities
    		                                        
      net change in cash and cash equivalents
    		                                        
      available-for-sale securities impairment charge
    		                                        
      net increase/(decrease) in cash and cash equivalents
    		                                        
      proceeds from sale of vessel/newbuildings and termination of charters
    		                67,524,000 12,641,000 17,528,000 74,791,000 24,170,000                    
      cash received from share issue
    		                   88,000    418,000 927,000 409,000 170,000  79,000 685,000           
      restricted cash released/
    		                                        
      (repurchase)/resale of bonds
    		                                        
      proceeds from issuance of long-term debt
    		                                        
      repayments of long-term debt
    		                                        
      cash and cash equivalents at start of the period
    		                                        
      cash and cash equivalents at end of the period
    		                                        
      net maturities/(deposits) of restricted cash
    		                                        
      repayments from investments in direct financing leases
    		                                        
      resale/(repurchase) of bonds
    		                                        
      gain on sale of investment in associated company
    		                                        
      gain on redemption of horizon loan notes and warrants
    		                                        
      gain on redemption of frontline loan notes
    		                                        
      proceeds from sale of investment in associated company
    		                                        
      proceeds from redemption of horizon loan notes and warrants
    		                                        
      proceeds from redemption of frontline loan notes
    		                                        
      proceeds from repayment of investment loan
    		                                        
      payments in lieu of issuing shares for exercised share options
    		                             -23,000 -1,455,000          
      cash and cash equivalents at start of the year
    		                                        
      cash and cash equivalents at end of the year
    		                                        
      result in associate
    		                            -8,512,000 -10,669,000 -11,219,000  1,941,000 -481,000 -13,432,000  15,503,000 324,000 -18,282,000 -20,490,000 
      gain on redemption of frontline notes
    		                                        
      impairment of securities
    		                                        
      repayment of investments in finance leases
    		                    6,985,000 7,745,000 8,824,000 9,314,000 43,120,000 10,959,000 10,961,000 11,334,000 13,731,000 14,324,000 14,471,000  -649,000 -1,474,000 26,266,000  -4,453,000 -40,775,000 77,089,000 45,567,000 
      cash arising from sale of associate
    		                       111,095,000                 
      proceeds from the redemption of frontline notes
    		                                        
      re-purchase of company bonds
    		                            -248,109,000  -764,000  5,844,000 -12,369,000 -105,000      
      available for sale securities impairment charge
    		                                        
      net amounts (paid to)/received from associated companies
    		                                        
      gain on sale of associated company
    		                                        
      gain on sale of horizon notes and warrants
    		                                        
      proceeds from sale of vessel/new buildings and termination of charters
    		                      13,801,000  199,429,000                
      proceeds from the redemption of horizon loan notes and warrants
    		                                        
      (payments)/proceeds from sales of vessels and termination of charters
    		                                        
      net amounts (paid to)/ received from associated companies
    		                                        
      (purchase)/redemption of available for sale securities
    		                                        
      net cash (used in)/generated by investing activities
    		                                        
      adjustment of financial derivatives to market value
    		                            1,978,000 -6,176,000 -335,000  1,297,000 1,962,000 -849,000  2,256,000 -12,559,000 12,824,000 7,338,000 
      proceeds from sale of vessel/new buildings
    		                         26,096,000 59,135,000 43,217,000 40,366,000 11,096,000 -1,883,000   -37,000 30,294,000  -2,429,000 -4,036,000 16,667,000  
      net amounts received from/ (paid to) associated companies
    		                                        
      proceeds of other long-term investments
    		                                        
      redemption/ (purchase) of available for sale securities
    		                                        
      net cash provided by/ (used) in investing activities
    		                                        
      unaudited condensed consolidated statements of cash flowsfor the six month periods ended june 30, 2014 and june 30, 2013 and the year ended december 31, 2013
    		                                        
      net cash (used) in/ provided by financing activities
    		                                        
      impairment adjustment to investments
    		                                        
      long-term investment impairment charge
    		                                        
      adjustment of derivatives to market value
    		                                        
      loss/ (gain) on repurchase of bonds
    		                                        
      net amounts (paid)/ received from associated companies
    		                                        
      purchase of available for sale securities
    		                                        
      net cash (used)/ provided by investing activities
    		                                        
      unaudited condensed consolidated statements of cash flowsfor the nine month periods ended september 30, 2013 and september 30, 2012 and the year ended december 31, 2012
    		                                        
      unaudited condensed consolidated statements of cash flows for the six month periods ended june 30, 2013 and june 30, 2012 and the year ended december 31, 2012
    		                                        
      stock based compensation
    		                            93,000 126,000 170,000  -175,000    -848,000 113,000 458,000 285,000 
      loss on repurchase of company bonds
    		                            1,109,000            
      depreciation and amortisation
    		                             14,419,000 14,288,000  506,000 1,617,000 11,352,000  290,000 -625,000 9,103,000 8,491,000 
      impairment adjustment to investment
    		                              463,000          
      gain on sale of associate
    		                                        
      gain on re-purchase of company bonds
    		                              -49,000  -184,000 217,000 73,000      
      cash received from /(investment in) associates
    		                             14,387,000 14,163,000  647,000     2,561,000 15,608,000 11,987,000 
      cash settlement of derivatives
    		                                      -11,592,000  
      net increase in cash and cash equivalents
    		                             -33,970,000 -10,798,000  -5,657,000 -4,750,000 3,142,000  61,282,000 -68,509,000 19,454,000 3,995,000 
      cash and cash equivalents at start of period
    		                             100,788,000 111,586,000  -1,608,000 3,142,000 86,967,000  -49,055,000 19,454,000 84,186,000 46,075,000 
      (gain)/ loss on repurchase of bonds
    		                                        
      costs of other long-term investments
    		                                        
      redemption of restricted cash
    		                                        
      restricted cash released
    		                                        
      net cash (used in)/ provided by investing activities
    		                                        
      net (decrease)/ increase in cash and cash equivalents
    		                                        
      balance sheet data
    		                                        
      vessels and equipment
    		                                        
      investment in direct financing and sales-type leases
    		                                        
      investment in associated companies
    		                                        
      total assets
    		                                        
      short and long term debt
    		                                        
      share capital
    		                                        
      stockholders' equity
    		                                        
      common shares outstanding
    		                                        
      weighted-average common shares outstanding
    		                                        
      cash flow data:
    		                                        
      cash from operating activities
    		                                        
      cash from investing activities
    		                                        
      cash from financing activities
    		                                        
      asset impairment ajustments
    		                                        
      stock bas ed compensation
    		                                  228,000      
      cash received from/(investment in) associates
    		                                  12,579,000      
      adjustment to reconcile net income to net cash from operating activities:
    		                                        
      cash received from (investment in) associates
    		                                        
      vessels and equipment, net including newbuildings
    		                                        
      investment in associated companies, including loans
    		                                        
      asset impairment adjustments
    		                                        
      cash received from/
    		                                        
      net investment in newbuildings
    		                                     51,195,000 -60,101,000 -10,867,000 
      received in respect of terminated contract
    		                                        
      purchase of short term investment
    		                                        
      repurchase of shares
    		                                        
      net gain on repurchase of 8.5% senior notes
    		                                        
      changes in operating assets and liabilities, net of effect of acquisitions
    		                                        
      proceeds from sales of vessels
    		                                        
      proceeds from (costs of) other investments
    		                                        
      placement of restricted cash
    		                                        
      shares issued, net of issue costs
    		                                        
      repurchase of 8.5% senior notes
    		                                        
      cash settlement of derivative instruments
    		                                        
      impairment adjustment to vessel values
    		                                        
      impairment adjustment to investment value
    		                                        
      gain on repurchase of bonds
    		                                        
      investment in finance lease assets
    		                                        
      repayments from investments in finance leases
    		                                        
      proceeds on cancellation of newbuildings
    		                                        
      repayment by (investment in) associated companies
    		                                        
      costs of other investments
    		                                        
      net release (placement) of restricted cash
    		                                        
      net cash (used in) investing activities
    		                                        
      repurchase of 8.5% bonds
    		                                        
      proceeds on issue of shares under atm registration
    		                                        
      net income by operating activities:
    		                                       42,655,000 
      gain cm sale of assets
    		                                        
      net placement of restricted cash
    		                                       5,769,000 
      deemed dividends paid
    		                                        
      investment in associate companies
    		                                        
      other investments
    		                                        
      proceeds from long-term debt
    		                                        
      repayment of long-term debt
    		                                        
      amortization of deferred gains
    		                                        
      (gain) on sale of assets
    		                                        
      stock compensation
    		                                        
      proceeds from sale of newbuildings
    		                                        
      investments in associated companies
    		                                        
      net proceeds from other investments
    		                                        
      net (placement) of restricted cash
    		                                        
      deemed dividends received
    		                                        
      acquisition of subsidiaries, net of cash acquired
    		                                        
      cash settlement of equity trs
    		                                        
      adjustments to reconcile net income to net cash from operating activities
    		                                        
      unrealised foreign currency exchange loss
    		                                        
      net maturity (placement) of restricted cash
    		                                        
      sale of vessel
    		                                        
      net (investment in) proceeds from sale of newbuilding
    		                                        
      sale (purchase) of vessels
    		                                        
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.