Star Bulk Carriers Corp.SBLK
| Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
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Net income/(loss) | -315 | 2 | -12 | -458 | -154 | -10 | 58 | -16 | 10 | 681 | 566 |
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Depreciation (Note 5) | 33 | 16 | 37 | 82 | 82 | 83 | 103 | 124 | 142 | 153 | 157 |
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Amortisation of fair value of below market time charters | - | - | - | - | - | - | 2 | 2 | 1 | 0 | - |
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Amortization of debt (loan, lease & notes) issuance costs (Note 8) | 1 | 1 | 1 | 3 | 3 | 3 | 3 | 6 | 8 | 7 | 5 |
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Amortization of operating lease right-of-use assets (Note 6) | - | - | - | - | - | - | - | - | - | - | 11 |
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Gain/(Loss) on debt extinguishment, net (Note 8) | - | - | -1 | -1 | -2 | -1 | -2 | -4 | -5 | -3 | 4 |
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Loss on bad debt | - | - | 0 | - | - | - | 1 | 2 | 0 | 1 | 1 |
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Share-based compensation (Note 11) | 2 | 1 | 6 | 3 | 4 | 9 | 8 | 8 | 5 | 10 | 28 |
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(Gain)/Loss on time charter agreement termination | - | - | - | - | - | - | - | - | - | 1 | - |
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Loss on write-down of inventory (Note 2j) | - | - | - | - | - | - | - | - | - | - | 17 |
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Change in fair value of forward freight derivatives and bunker swaps (Note 18) | 0 | 0 | -2 | 0 | 4 | 0 | -1 | -0 | 1 | 2 | 3 |
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Other non-cash charges | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | 0 |
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Write-off of current assets | - | - | - | - | - | - | - | - | - | - | -1 |
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Gain on hull and machinery claims | 1 | 1 | 0 | - | 1 | 0 | 0 | 2 | 2 | 0 | - |
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Equity in income / (loss) of investee | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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Trade accounts receivable | 1 | -3 | 16 | -14 | 2 | 6 | 22 | 20 | -20 | 44 | 4 |
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Inventories | -0 | -2 | 5 | -0 | 0 | 5 | 8 | 24 | -4 | 28 | 9 |
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Prepaid expenses and other receivables | 9 | 0 | 2 | 8 | -3 | 0 | 8 | 15 | 2 | 19 | 4 |
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Derivatives asset | - | - | - | - | - | - | - | - | 0 | -0 | 0 |
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Due from related parties | 0 | 0 | -0 | 1 | -0 | -1 | 1 | -1 | -0 | -0 | 0 |
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Due from managers | 0 | - | - | - | 1 | -1 | 0 | 1 | -1 | 9 | -9 |
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Other non-current assets | - | - | - | - | - | - | 2 | 0 | 0 | - | - |
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Accounts payable | -0 | -2 | 2 | -5 | -4 | 5 | 10 | 4 | -3 | -8 | 12 |
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Operating lease liability (Note 6) | - | - | - | - | - | - | - | - | - | - | 11 |
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Due to related parties | -0 | 0 | -0 | -2 | -0 | -0 | 1 | 2 | -3 | -0 | 0 |
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Accrued liabilities | -1 | 0 | 7 | 1 | -3 | -1 | 4 | 12 | -18 | 14 | 4 |
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Due to managers | -0 | - | - | 2 | -2 | 1 | 2 | 2 | 2 | -4 | 2 |
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Deferred revenue | -3 | -1 | 1 | -0 | -0 | 5 | - | -3 | 4 | 13 | -8 |
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Net cash provided by / (used in) Operating Activities | 19 | 27 | 13 | -15 | -33 | 81 | 169 | 89 | 171 | 767 | 770 |
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Advances for vessels & vessel upgrades and other fixed assets | 0 | 128 | 518 | 474 | 396 | 144 | 329 | 347 | 72 | 130 | 25 |
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Hull and machinery insurance proceeds | 7 | 4 | 1 | 0 | 3 | 1 | 3 | 11 | 6 | 9 | 5 |
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Net cash provided by / (used in) Investing Activities | 25 | -108 | -437 | -398 | -13 | -127 | -325 | -280 | -66 | -121 | -21 |
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Proceeds from bank loans, leases and notes | - | - | 637 | 374 | 152 | 161 | 988 | 768 | 688 | 471 | 315 |
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Loan and lease prepayments and repayments | - | - | 174 | 245 | 181 | 86 | - | - | 709 | 593 | 576 |
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Financing and debt extinguishment fees paid | 0 | 0 | 7 | 13 | 0 | 3 | 14 | 15 | 9 | 5 | 6 |
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Dividends paid (Note 9) | 4 | - | - | - | - | - | - | 5 | 5 | 230 | 669 |
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Proceeds from issuance of common stock | - | 151 | - | 419 | 51 | 51 | - | - | - | - | 20 |
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Offering expenses paid related to the issuance of common stock | - | 5 | - | 1 | 0 | 1 | 1 | - | - | 0 | 0 |
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Repurchase of common shares | 1 | - | - | - | - | - | 3 | 21 | - | 10 | 20 |
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Net cash provided by / (used in) Financing Activities | -47 | 112 | 457 | 534 | 20 | 122 | 97 | 104 | -35 | -368 | -936 |
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Net increase/(decrease) in cash and cash equivalents and restricted cash | - | - | - | - | - | - | -60 | -88 | 69 | 278 | -187 |
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Interest | 8 | 6 | 6 | 30 | 48 | 50 | 65 | 82 | 62 | 50 | 50 |
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Shares issued in connection with vessel acquisitions | - | - | - | - | - | - | 374 | 58 | - | 70 | - |
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Vessel upgrades | - | - | - | - | - | - | - | 28 | 10 | - | - |
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Assumed debt upon acquisition | - | - | - | - | - | - | - | - | - | 100 | - |
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Right-of-use assets and lease obligations for charter-in contracts | - | - | - | - | - | - | - | - | - | 49 | - |
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Unpaid offering expenses | - | - | - | - | - | - | - | - | - | - | 0 |
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Dividends declared but not paid | - | - | - | - | - | - | - | - | - | 0 | - |
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