Diana Shipping Inc 6-K, filed May 25, 2022
Diana Shipping Inc. (DSX)
6-K
2022-05-25
For: 2022-05-31
View Original
Added on
July 04, 2026
About this 6-K
Diana Shipping Inc filed this 6-K on May 25, 2022.
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2022
Commission File Number: 001-32458
DIANA SHIPPING INC.
(Translation of registrant's name into English)
Pendelis 16, 175 64 Palaio Faliro, Athens, Greece
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ].
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security
holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ].
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant
foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which
the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the
subject of a Form 6-K submission or other Commission filing on EDGAR.
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Attached to this Report on Form 6-K as Exhibit 99.1 is a press release dated May 24, 2022 of Diana Shipping Inc. (the "Company") announcing
the Company’s financial results for the first quarter ended March 31, 2022.
The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company's registration
statement on Form F-3 (File No. 333-256791) that was filed with the U.S. Securities and Exchange Commission and became effective on July 9, 2021.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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DIANA SHIPPING INC.
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(registrant)
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Dated: May 25, 2022
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By:
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/s/ Ioannis Zafirakis
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Ioannis Zafirakis
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Chief Financial Officer
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Exhibit 99.1
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Corporate Contact:
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Ioannis Zafirakis
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Director, Chief Financial Officer, Chief Strategy Officer, Treasurer and Secretary
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Telephone: + 30-210-9470100
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Email: izafirakis@dianashippinginc.com
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Website: www.dianashippinginc.com
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Twitter: @Dianaship
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For Immediate Release
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Investor and Media Relations:
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Edward Nebb
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Comm-Counsellors, LLC
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Telephone: + 1-203-972-8350
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Email: enebb@optonline.net
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DIANA SHIPPING INC. REPORTS FINANCIAL RESULTS
FOR THE FIRST QUARTER ENDED MARCH 31, 2022;
DECLARES CASH DIVIDEND OF 25 CENTS PER SHARE FOR THE FIRST QUARTER OF 2022
ATHENS, GREECE, May 24, 2022 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today
reported net income of $26.0 million and net income attributed to common stockholders of $24.6 million for the first quarter of 2022. This compares to a net loss of $1.3 million and net loss attributed to common stockholders of $2.7 million
reported in the first quarter of 2021. Earnings per share for the first quarter of 2022 was $0.32 basic and $0.31 diluted, compared to loss per share of $0.03 basic and diluted in the same quarter in 2021.
Time charter revenues were $65.9 million for the first quarter of 2022, compared to $41.1 million for the same quarter of 2021. The increase in time charter revenues was due to increased
average time charter rates that the Company achieved for its vessels during the quarter. This increase was partly offset by decreased ownership days compared to the same quarter of last year, which was due to vessel sales and a spin-off in
November 2021.
Dividend Declaration
The Company has declared a cash dividend on its common stock of $0.25 per share, based on the Company’s results of operations during the first quarter ended March 31, 2022. The cash dividend
will be payable on or about June 17, 2022 to all shareholders of record as of June 6, 2022. The Company currently has 86,142,258 common shares issued and outstanding.
-1-
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Fleet Employment Profile (As of May 23, 2022)
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Diana Shipping Inc.’s fleet is employed as follows:
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Vessel
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Sister Ships*
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Gross Rate
(USD Per Day)
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Com**
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Charterers
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Delivery Date to Charterers***
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Redelivery Date to Owners****
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Notes
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BUILT DWT
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||||||||
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8 Panamax Bulk Carriers
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||||||||
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1
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MELIA
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$25,750
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5.00%
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Viterra Chartering B.V., Rotterdam
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11-Jun-21
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28-May-22
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1
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2005 76,225
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||||||||
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2
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ARTEMIS
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$10,250
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5.00%
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Glencore Agriculture B.V., Rotterdam
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30-Nov-20
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21-Mar-22
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||
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$21,250
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4.75%
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Cargill International S.A., Geneva
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21-Mar-22
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20-Jun-23 - 20-Aug-23
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||||
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2006 76,942
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||||||||
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3
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LETO
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$25,500
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4.75%
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Aquavita International S.A.
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3-Oct-21
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1-Feb-23 - 15-Apr-23
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2010 81,297
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||||||||
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4
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SELINA
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A
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$26,500
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5.00%
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ASL Bulk Shipping HK Limited
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2-Sep-21
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15-Jun-22 - 15-Sep-22
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2010 75,700
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||||||||
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5
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MAERA
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A
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$26,000
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5.00%
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ASL Bulk Shipping HK Limited
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18-Sep-21
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1-Oct-22 - 15-Dec-22
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2013 75,403
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6
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ISMENE
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$18,500
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4.75%
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Cargill International S.A., Geneva
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23-Nov-21
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15-Dec-22 - 15-Feb-23
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2013 77,901
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||||||||
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7
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CRYSTALIA
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B
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$26,100
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5.00%
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Uniper Global Commodities SE, Düsseldorf
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21-Sep-21
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1-Oct-22 - 15-Dec-22
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2014 77,525
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||||||||
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8
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ATALANDI
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B
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$24,500
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4.75%
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Aquavita International S.A.
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5-Oct-21
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15-Feb-23 - 30-Apr-23
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2014 77,529
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||||||||
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6 Kamsarmax Bulk Carriers
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||||||||
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9
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MAIA
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C
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$25,000
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5.00%
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Viterra Chartering B.V., Rotterdam
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20-Jun-21
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24-May-22
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2
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$25,000
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5.00%
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Hyundai Glovis Co. Ltd.
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24-May-22
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20-Sep-23 - 20-Nov-23
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3
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|||
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2009 82,193
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||||||||
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10
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MYRSINI
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C
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$22,000
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4.75%
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Cargill International S.A., Geneva
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15-Nov-21
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1-Dec-22 - 31-Jan-23
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2010 82,117
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11
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MEDUSA
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C
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$11,000
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4.75%
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Cargill International S.A., Geneva
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19-Nov-20
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9-Mar-22
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$26,000
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4.75%
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9-Mar-22
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15-May-23 - 15-Jul-23
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|||||
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2010 82,194
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12
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MYRTO
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C
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$28,500
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5.00%
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Solebay Shipping Transocean Company Limited
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10-Sep-21
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15-Aug-22 - 15-Oct-22
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2013 82,131
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13
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ASTARTE
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$21,500
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5.00%
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Tongli Shipping Pte. Ltd.
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30-Jan-22
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15-Apr-23 - 15-Jun-23
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4
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2013 81,513
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||||||||
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14
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LEONIDAS P. C.
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$24,500
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4.75%
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Cargill International S.A., Geneva
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18-Feb-22
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1-Mar-23 - 30-Apr-23
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5
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2011 82,165
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||||||||
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5 Post-Panamax Bulk Carriers
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15
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ALCMENE
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$17,100
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5.00%
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SwissMarine Pte. Ltd., Singapore
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25-Nov-21
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20-Dec-22 - 5-Mar-23
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2010 93,193
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16
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AMPHITRITE
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D
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$27,000
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5.00%
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BG Shipping Co., Limited, Hong Kong
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13-Sep-21
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15-Oct-22 - 15-Dec-22
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2012 98,697
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17
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POLYMNIA
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D
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$12,100
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5.00%
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CLdN Cobelfret SA, Luxembourg
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22-Nov-20
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4-Feb-22
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6
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$24,750
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5.00%
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4-Feb-22
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15-Jan-23 - 15-Mar-23
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|||||
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2012 98,704
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-2-
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18
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ELECTRA
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E
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$21,000
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5.00%
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Tongli Shipping Pte. Ltd.
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28-Apr-21
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13-Apr-22
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7
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$16,500
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5.00%
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Raffles Shipping International Pte. Ltd.
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13-Apr-22
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6-Jun-22
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1,8
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2013 87,150
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19
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PHAIDRA
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E
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$28,000
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5.00%
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Uniper Global Commodities SE, Düsseldorf
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2-Sep-21
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1-Jul-22 - 15-Sep-22
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2013 87,146
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||||||||
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12 Capesize Bulk Carriers
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20
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ALIKI
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$20,500
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5.00%
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Solebay Shipping Cape Company Limited, Hong Kong
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18-Mar-21
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21-Feb-22
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||
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$24,500
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5.00%
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Koch Shipping Pte. Ltd., Singapore
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21-Feb-22
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1-Feb-23 - 15-Apr-23
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2005 180,235
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||||||||
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21
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BALTIMORE
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$10,500
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5.00%
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Trafigura Maritime Logistics Pte. Ltd.
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8-Feb-22
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8-Apr-22
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9
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$16,000
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5.00%
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Solebay Shipping Cape Company Limited, Hong Kong
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8-Apr-22
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27-Jun-22 - 17-Jul-22
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10
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|||
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2005 177,243
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||||||||
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22
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SEMIRIO
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F
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$19,700
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5.00%
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C Transport Maritime Ltd., Bermuda
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15-Dec-21
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15-Aug-23 - 15-Nov-23
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|
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2007 174,261
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||||||||
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23
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BOSTON
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F
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$25,500
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5.00%
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C Transport Maritime Ltd., Bermuda
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16-Jun-21
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20-Apr-22
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|
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$13,000
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5.00%
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Richland Bulk Pte. Ltd.
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20-Apr-22
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30-May-22
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11
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|||
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2007 177,828
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||||||||
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24
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HOUSTON
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F
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$27,000
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5.00%
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Koch Shipping Pte. Ltd., Singapore
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30-Aug-21
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15-Jul-22 - 15-Oct-22
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2009 177,729
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||||||||
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25
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NEW YORK
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F
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$14,000
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5.00%
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EGPN Bulk Carrier Co., Limited, Hong Kong
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29-Dec-20
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4-Jun-22 - 3-Jul-22
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1
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2010 177,773
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||||||||
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26
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SEATTLE
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G
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$12,300
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5.00%
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Pacbulk Shipping Pte. Ltd., Singapore
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27-Apr-20
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2-Mar-22
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|
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$26,500
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5.00%
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Solebay Shipping Cape Company Limited, Hong Kong
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2-Mar-22
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1-Oct-23 - 15-Dec-23
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||||
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2011 179,362
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||||||||
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27
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P. S. PALIOS
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G
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$26,500
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4.75%
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Olam International Limited, Singapore
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5-Jun-21
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23-Apr-22
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12,13
|
|
$31,000
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5.00%
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Classic Maritime Inc.
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11-Jun-22
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15-Apr-24 - 30-Jun-24
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3
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|||
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2013 179,134
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||||||||
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28
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G. P. ZAFIRAKIS
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H
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$22,750
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4.75%
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Cargill International S.A., Geneva
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1-Dec-21
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1-Nov-22 - 31-Dec-22
|
|
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2014 179,492
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||||||||
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29
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SANTA BARBARA
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H
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$17,250
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4.75%
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Cargill International S.A., Geneva
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9-Jan-21
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19-Mar-22
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14
|
|
$29,500
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4.75%
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19-Mar-22
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10-May-23 - 10-Jul-23
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|||||
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2015 179,426
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||||||||
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30
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NEW ORLEANS
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$15,500
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5.00%
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Nippon Yusen Kabushiki Kaisha
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3-Dec-20
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25-Mar-22
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||
|
$32,000
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5.00%
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Engelhart CTP Freight (Switzerland) SA
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25-Mar-22
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20-Nov-23 - 31-Jan-24
|
||||
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2015 180,960
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||||||||
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31
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FLORIDA
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$25,900
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5.00%
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Bunge S.A., Geneva
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29-Mar-22
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29-Jan-27 - 29-May-27
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15
|
|
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2022 182,063
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||||||||
-3-
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4 Newcastlemax Bulk Carriers
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||||||||
|
32
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LOS ANGELES
|
I
|
$26,250
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5.00%
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Koch Shipping Pte. Ltd., Singapore
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30-Jan-22
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15-Jan-23 - 15-Mar-23
|
16
|
|
2012 206,104
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||||||||
|
33
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PHILADELPHIA
|
I
|
$28,500
|
5.00%
|
Classic Maritime Inc.
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22-Apr-21
|
7-Mar-22
|
17
|
|
$26,000
|
5.00%
|
C Transport Maritime Ltd., Bermuda
|
12-Apr-22
|
1-Feb-24 - 15-Apr-24
|
||||
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2012 206,040
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||||||||
|
34
|
SAN FRANCISCO
|
J
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$24,700
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5.00%
|
Olam International Limited, Singapore
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11-Feb-21
|
18-Feb-22
|
18
|
|
$30,500
|
5.00%
|
Koch Shipping Pte. Ltd., Singapore
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18-Feb-22
|
1-Mar-23 - 15-May-23
|
||||
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2017 208,006
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||||||||
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35
|
NEWPORT NEWS
|
J
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$28,000
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5.00%
|
Koch Shipping Pte. Ltd., Singapore
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16-Dec-21
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1-Jul-23 - 30-Sep-23
|
19
|
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2017 208,021
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* Each dry bulk carrier is a “sister ship”, or closely similar, to other dry bulk carriers that have the same letter.
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** Total commission percentage paid to third parties.
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*** In case of newly acquired vessel with time charter attached, this date refers to the expected/actual date of delivery of the vessel to the Company.
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**** Range of redelivery dates, with the actual date of redelivery being at the Charterers’ option, but subject to the terms, conditions, and exceptions of
the particular charterparty.
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1 Based on latest information.
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2 Expected redelivery date from the charterers.
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3 Expected delivery date to the charterers.
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4 Vessel on scheduled drydocking from December 28, 2021 to January 30, 2022.
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5 Vessel was delivered to the Company on February 16, 2022.
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6 Charterers agreed to compensate the owners, for all the days over and above the new maximum redelivery date (January 13, 2022), with hire rate equal to the
average of Baltic Panamax 82 Index 5TC weighted time charter average plus 15% or vessel’s present Charter Party rate, whichever is higher.
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7 Charterers agreed to compensate the owners, for all the days over and above the maximum redelivery date (April 10, 2022), with hire rate equal to the
average of Baltic Panamax Index 5TC weighted time charter average minus 10% or vessel’s present Charter Party rate, whichever is higher.
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8 For two laden legs of maximum duration up to June 30, 2022.
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9 Charter included a one time ballast bonus payment of US$1,000,000.
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10 Redelivery date based on an estimated time charter trip duration of about 80-100 days.
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11 Redelivery date based on an estimated time charter trip duration of about 41 days.
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12 Charterers agreed to compensate the owners, for all the days over and above the maximum redelivery date (April 15, 2022), with hire rate equal to the
average of Baltic Cape Index 5TC weighted time charter average plus 10% or vessel’s present Charter Party rate, whichever is higher.
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13 Currently without an active charterparty. Vessel on scheduled drydocking.
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14 Charterers agreed to compensate the owners, for all the days over and above the maximum redelivery date (March 5, 2022), with hire rate equal to the
average of Baltic Cape Index 5TC weighted time charter average plus 23% or vessel’s present Charter Party rate, whichever is higher.
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15 Bareboat chartered-in for a period of ten years at US$13,500 per day.
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16 Vessel on scheduled drydocking from December 23, 2021 to January 30, 2022.
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17 Vessel on scheduled drydocking from March 7, 2022 to April 12, 2022.
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18 The charter rate was US$17,750 per day for the first one hundred five (105) days of the charter period.
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19 Vessel on scheduled drydocking from February 4, 2022 to March 2, 2022.
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-4-
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Summary of Selected Financial & Other Data (unaudited)
|
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Three months ended March 31,
|
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2022
|
2021
|
|||||||
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STATEMENT OF OPERATIONS DATA (in thousands of US Dollars)
|
||||||||
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Revenues
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$
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65,933
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$
|
41,051
|
||||
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Voyage expenses
|
1,714
|
1,780
|
||||||
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Vessel operating expenses
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16,428
|
18,552
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||||||
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Net income/(loss) and Comprehensive Income/(Loss)
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26,044
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(1,295
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)
|
|||||
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Net Income/(Loss) and Comprehensive Income/(Loss), Attributable to Common Shareholders
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24,602
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(2,737
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)
|
|||||
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FLEET DATA
|
||||||||
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Average number of vessels
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33.5
|
38.2
|
||||||
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Number of vessels
|
35.0
|
37.0
|
||||||
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Weighted average age of vessels
|
10.2
|
10.1
|
||||||
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Ownership days
|
3,017
|
3,434
|
||||||
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Available days
|
2,906
|
3,434
|
||||||
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Operating days
|
2,860
|
3,387
|
||||||
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Fleet utilization
|
98.4
|
%
|
98.6
|
%
|
||||
|
AVERAGE DAILY RESULTS
|
||||||||
|
Time charter equivalent (TCE) rate (1)
|
$
|
22,099
|
$
|
11,436
|
||||
|
Daily vessel operating expenses (2)
|
$
|
5,445
|
$
|
5,402
|
||||
Non-GAAP Measures
| (1) |
Time charter equivalent rates, or TCE rates, are defined as our time charter revenues less voyage expenses during a period divided by the number of our available days during the period,
which is consistent with industry standards. Voyage expenses include port charges, bunker (fuel) expenses, canal charges and commissions. TCE is a non-GAAP measure. TCE rate is a standard shipping industry performance measure used
primarily to compare daily earnings generated by vessels on time charters with daily earnings generated by vessels on voyage charters, because charter hire rates for vessels on voyage charters are generally not expressed in per day
amounts while charter hire rates for vessels on time charters are generally expressed in such amounts.
|
| (2) |
Daily vessel operating expenses, which include crew wages and related costs, the cost of insurance, expenses relating to repairs and maintenance, the costs of spares and consumable stores,
tonnage taxes and other miscellaneous expenses, are calculated by dividing vessel operating expenses by ownership days for the relevant period.
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Conference Call and Webcast Information
The Company’s management will conduct a conference call and simultaneous Internet webcast to review these results at 9:00 A.M. (Eastern Time) on Tuesday, May 24, 2022.
Investors may access the webcast by visiting the Company’s website at www.dianashippinginc.com, and clicking on the webcast link. An accompanying investor presentation
also will be available via the webcast link and on the Company’s website. The conference call also may be accessed by telephone by dialing 1-877-407-8291 (for U.S.-based callers) or 1-201-689-8345 (for international callers), and asking the
operator for the Diana Shipping Inc. conference call.
A replay of the webcast will be available soon after the completion of the call and will be accessible for 30 days on www.dianashippinginc.com. A telephone replay also
will be available for 30 days by dialing 1-877-660-6853 (for U.S.-based callers) or 1-201-612-7415 (for international callers), and providing the Replay ID number 13729890.
-5-
About the Company
Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels. The Company’s vessels are employed primarily on medium to long-term
time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.
Cautionary Statement Regarding Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to
encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other
statements, which are other than statements of historical facts.
The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor
legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, Company management’s examination of
historical operating trends, data contained in the Company’s records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to
significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company’s control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward-looking statements include the
severity, magnitude and duration of the COVID-19 pandemic, including impacts of the pandemic and of businesses’ and governments’ responses to the pandemic on our operations, personnel, and on the demand for seaborne transportation of bulk
products; the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in the Company’s operating expenses,
including bunker prices, drydocking and insurance costs, the market for the Company’s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential
liability from pending or future litigation, general domestic and international political conditions, including risks associated with the continuing conflict between Russia and Ukraine and related sanctions, potential disruption of shipping
routes due to accidents or political events, vessel breakdowns and instances of off-hires and other factors. Please see the Company’s filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks
and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
(See financial tables attached)
-6-
|
DIANA SHIPPING INC.
|
|||||
|
FINANCIAL TABLES
|
|||||
|
Expressed in thousands of U.S. Dollars, except share and per share data
|
|||||
|
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS)
|
|||||
|
Three months ended March 31,
|
||||||||
|
2022
|
2021
|
|||||||
|
REVENUES:
|
||||||||
|
Revenues
|
$
|
65,933
|
$
|
41,051
|
||||
|
OPERATING EXPENSES
|
||||||||
|
Voyage Expenses
|
1,714
|
1,780
|
||||||
|
Vessel Operating Expenses
|
16,428
|
18,552
|
||||||
|
Depreciation and Amortization of Deferred Charges
|
9,792
|
10,049
|
||||||
|
General and Administrative Expenses
|
7,059
|
6,697
|
||||||
|
Management Fees to Related Party
|
117
|
449
|
||||||
|
Loss on Sale of Vessels
|
-
|
206
|
||||||
|
Other Operating Income
|
(240
|
)
|
(106
|
)
|
||||
|
Operating Income, Total
|
$
|
31,063
|
$
|
3,424
|
||||
|
OTHER INCOME / (EXPENSES):
|
||||||||
|
Interest Expense and Finance Costs
|
(5,222
|
)
|
(4,636
|
)
|
||||
|
Interest and Other Income
|
238
|
28
|
||||||
|
Loss from Equity Method Investments
|
(35
|
)
|
(111
|
)
|
||||
|
Total Other Expenses, Net
|
$
|
(5,019
|
)
|
$
|
(4,719
|
)
|
||
|
Net income/(loss) and Comprehensive Income/(Loss)
|
$
|
26,044
|
$
|
(1,295
|
)
|
|||
|
Dividends on series B preferred shares
|
(1,442
|
)
|
(1,442
|
)
|
||||
|
Net Income/(Loss) and Comprehensive Income/(Loss), Attributable to Common Shareholders
|
24,602
|
(2,737
|
)
|
|||||
|
Earnings/(Loss) Per Common Share, Basic
|
$
|
0.32
|
$
|
(0.03
|
)
|
|||
|
Earnings/(Loss) Per Common Share, Diluted
|
$
|
0.31
|
$
|
(0.03
|
)
|
|||
|
Weighted Average Number of Common Shares Outstanding, Basic
|
76,336,785
|
83,572,221
|
||||||
|
Weighted Average Number of Common Shares Outstanding, Diluted
|
78,786,949
|
83,572,221
|
||||||
-7-
|
CONDENSED CONSOLIDATED BALANCE SHEET DATA
|
||||||||
|
(in thousands of U.S. Dollars)
|
||||||||
|
March 31, 2022
|
December 31, 2021*
|
|||||||
|
ASSETS
|
(unaudited)
|
|||||||
|
Cash and Cash Equivalents and Restricted Cash
|
$
|
115,682
|
$
|
126,788
|
||||
|
Other current assets
|
19,036
|
15,357
|
||||||
|
Total Fixed Assets
|
744,395
|
682,579
|
||||||
|
Investments in Related Parties
|
7,744
|
7,644
|
||||||
|
Other Noncurrent Assets
|
11,149
|
9,582
|
||||||
|
Total assets
|
$
|
898,006
|
$
|
841,950
|
||||
|
LIABILITIES AND EQUITY
|
||||||||
|
Long-Term Debt and Lease Obligation, net of Deferred Financing Costs
|
$
|
463,411
|
$
|
423,675
|
||||
|
Other Liabilities
|
31,991
|
25,080
|
||||||
|
Total Stockholders' Equity
|
402,604
|
393,195
|
||||||
|
Total Liabilities and Equity
|
$
|
898,006
|
$
|
841,950
|
||||
|
*
|
The balance sheet data have been derived from the audited consolidated financial statements at that date.
|
|
OTHER FINANCIAL DATA (unaudited)
|
||||||||
|
Three months ended March 31,
|
||||||||
|
2022
|
2021
|
|||||||
|
Net cash provided by operating activities
|
$
|
37,100
|
$
|
6,419
|
||||
|
Net cash provided by/(used in) investing activities
|
(21,302
|
)
|
22,558
|
|||||
|
Net cash used in financing activities
|
$
|
(26,904
|
)
|
$
|
(25,851
|
)
|
||
-8-