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Diana Shipping Inc.

Foreign Filer Report Nov 17, 2022

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6-K 1 d9830530_6k.htm Licensed to: Seward & Kissel Document created using EDGARfilings PROfile 8.2.0.0 Copyright 1995 - 2022 Broadridge

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 November 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 [ ]

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 November 17, 2022 of Diana Shipping Inc. (the "Company") announcing the Company’s financial results for the third quarter and nine months ended September 30, 2022.

The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company's registration statements on Form F-3 (File Nos. 333-256791 and 333-266999) that were filed with the U.S. Securities and Exchange Commission and became effective on July 9, 2021 and September 16, 2022, respectively.

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.

DIANA SHIPPING INC.
(registrant)
Dated: November 17, 2022 By: /s/ Ioannis Zafirakis
Ioannis Zafirakis
Chief Financial Officer

PROfilePageNumberReset%Num%1%-%-%

Exhibit 99.1

Ioannis Zafirakis
Director, Chief Financial Officer, Chief Strategy Officer, Treasurer and Secretary
Telephone: + 30-210-9470100
Email: [email protected]
Website: www.dianashippinginc.com
Twitter: @Dianaship
For Immediate Release
Investor and Media Relations:
Edward Nebb
Comm-Counsellors, LLC
Telephone: + 1-203-972-8350
Email: [email protected]

DIANA SHIPPING INC. REPORTS FINANCIAL RESULTS

FOR THE THIRD QUARTER AND NINE MONTHS ENDED SEPTEMBER 30, 2022;

DECLARES CASH DIVIDEND OF $0.175 PER SHARE FOR THE THIRD QUARTER 2022 AND SPECIAL STOCK DISTRIBUTION

ATHENS, GREECE, November 17, 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 $31.7 million and net income attributed to common stockholders of $30.3 million for the third quarter of 2022. This compares to net income of $14.7 million and net income attributed to common stockholders of $13.3 million for the third quarter of 2021. Earnings per share for the third quarter of 2022 was $0.39 basic and $0.37 diluted, compared to earnings per share of $0.17 basic and $0.16 diluted in the same quarter in 2021.

Time charter revenues were $73.8 million for the third quarter of 2022, compared to $57.3 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 revenues due to the decrease in the size of the fleet and increased off hire days during the quarter compared to the same quarter last year.

Net income for the nine months ended September 30, 2022 , amounted to $93.4 million and net income attributed to common stockholders amounted to $89.1 million. This compares to a net income of $16.3 million and net income attributed to common stockholders of $11.9 million, for the same period of 2021. Time charter revenues were $214.3 million for the nine months ended September 30, 2022, compared to $145.4 million for the same period of 2021.

Cash and Special Stock Dividend Declaration

The Company has declared a cash dividend on its common stock of $0.175 per share, based on the Company’s results of operations during the third quarter ended September 30, 2022. The cash dividend will be payable on or about December 15, 2022 to all shareholders of record as of November 28, 2022. The Company currently has 98,687,233 common shares issued and outstanding.

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The Company has also declared a special stock dividend to shareholders of record as of November 28, 2022 of all Series D Convertible Preferred Shares of OceanPal Inc. held by the Company. The dividend will be payable on or about December 15, 2022 (the “Stock Dividend”). Because no public market exists or is expected to develop for the Series D Convertible Preferred Shares, as an accommodation to common shareholders, the Company will automatically convert the Series D Convertible Preferred Shares into OceanPal Inc. common shares on or around the Stock Dividend payment date and distribute such common shares to each common shareholder. Common shareholders, in their sole discretion, may elect to opt out, in whole but not in part, of the conversion of the Series D Convertible Preferred Shares and instead receive Series D Convertible Preferred Shares in connection with the Stock Dividend.

Shareholders electing to receive Series D Convertible Preferred Shares by opting out of the automatic conversion will receive a number of Series D Convertible Preferred Shares equal to such common shareholder’s pro-rata portion of all Series D Convertible Preferred Shares, rounded down to the nearest whole number. Any fractional Series D Convertible Preferred Shares that would otherwise be distributed will be converted into OceanPal Inc. common shares at the applicable conversion rate and sold, and the net proceeds therefrom will be delivered to such common shareholder. Common Shareholders receiving OceanPal Inc. common shares will receive the pro-rata number of common shares to which they are entitled following conversion, rounded down to the nearest whole number, and any fractional shares shall be aggregated and sold and the net proceeds thereof will be delivered to common shareholders. All OceanPal Inc. fractional share calculations and the payment of cash in lieu thereof will be determined at the shareholder nominee level.

OceanPal Inc. has filed a registration statement with the SEC registering the OceanPal Inc. common shares and / or Series D Convertible Preferred Shares in the Stock Distribution. No distribution of the Series D Convertible Preferred Shares or OceanPal Inc. common shares will be made until such registration statement has been declared effective.

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2022 Fleet Employment (As of November 15, 2022) VESSEL SISTER SHIPS* GROSS RATE (USD PER DAY) COM** CHARTERERS DELIVERY DATE TO CHARTERERS*** REDELIVERY DATE TO OWNERS**** NOTES
BUILT DWT
9 Ultramax Bulk Carriers
1 DSI Phoenix A 13,250 5.00% ASL Bulk Marine Limited 04/Nov/2022 4/Mar/2024-4/May/2024
2017 60,456
2 DSI Pollux A 17,000 5.00% Delta Corp Shipping Pte. Ltd. 27/Oct/2022 27/Dec/2023-27/Feb/2024
2015 60,446
3 DSI Pyxis A 17,100 4.75% Cargill Ocean Transportation Singapore Pte. Ltd. 16/Oct/2022 16/Aug/2023-16/Oct/2023
2018 60,362
4 DSI Polaris A 13,100 5.00% ASL Bulk Marine Limited 12/Nov/2022 12/May/2024-12/July/2024
2018 60,404
5 STH ATHENS (tbr. DSI Pegasus) A - - - - - 1
2015 60,508
6 STH KURE (tbr. DSI Aquarius) B - - - - - 1
2016 60,309
7 DSI Aquila B - - - - -
2015 60,309
8 STH SYDNEY (tbr. DSI Altair) B - - - - - 1
2016 60,309
9 DSI Andromeda B - - - - -
2016 60,309
8 Panamax Bulk Carriers
10 MELIA 20,000 5.00% Oldendorff GmbH & Co. KG 28/May/2022 28/Aug/2022 2
2005 76,225 15,000 5.00% Oriental Pal Shipping Pte., Ltd. 26/Sep/2022 21/Oct/2022
14,000 5.00% 21/Oct/2022 21/Nov/2022 3
11 ARTEMIS 21,250 4.75% Cargill International S.A., Geneva 21/Mar/2022 20/Jun/2023-20/Aug/2023
2006 76,942
12 LETO 25,500 4.75% Aquavita International S.A. 03/Oct/2021 1/Feb/2023 - 15/Apr/2023
2010 81,297
13 SELINA C 22,000 5.00% Speed Logistics Marine Limited 18/Jun/2022 15/Apr/2023-20/Jun/2023
2010 75,700
14 MAERA C 26,000 5.00% ASL Bulk Shipping HK Limited 18/Sep/2021 14/Oct/2022
2013 75,403 14,250 5.00% Oriental Pal Shipping Pte., Ltd. 15/Oct/2022 12/Nov/2022 4
15 ISMENE 18,500 4.75% Cargill International S.A., Geneva 23/Nov/2021 15/Dec/2022 - 15/Feb/2023
2013 77,901
16 CRYSTALIA D 26,100 5.00% Uniper Global Commodities SE, Dusseldorf 21/Sep/2021 12/Nov/2022
2014 77,525 12,500 5.00% Reachy Shipping (SGP) Pte. Ltd. 12/Nov/2022 1/Sep/2023-15/Oct/2023
17 ATALANDI D 24,500 4.75% Aquavita International S.A. 05/Oct/2021 15/Feb/2023 - 30/Apr/2023
2014 77,529

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6 Kamsarmax Bulk Carriers — 18 MAIA E 25,000 5.00% Hyundai Glovis Co. Ltd. 24/May/2022 20/Sep/2023 - 20/Nov/2023 5,6
2009 82,193
19 MYRSINI E 22,000 4.75% Cargill International S.A., Geneva 15/Nov/2021 1/Dec/2022 - 31/Jan/2023
2010 82,117
20 MEDUSA E 26,000 4.75% Cargill International S.A., Geneva 09/Mar/2022 15/May/2023-15/Jul/2023
2010 82,194
21 MYRTO E 28,500 5.00% Solebay Shipping Transocean Company Limited 10/Sep/2021 3/Aug/2022 7
2013 82,131 18,000 5.00% Tata NYK Shipping Pte. Ltd. 03/Aug/2022 15/Jul/2023 - 15/Sep/2023 8
22 ASTARTE 21,500 5.00% Tongli Shipping Pte. Ltd. 30/Jan/2022 15/Apr/2023 - 15/Jun/2023
2013 81,513
23 LEONIDAS P. C. 24,500 4.75% Cargill International S.A., Geneva 18/Feb/2022 1/Mar/2023-30/Apr/2023
2011 82,165
5 Post-Panamax Bulk Carriers
24 ALCMENE 17,100 5.00% SwissMarine Pte. Ltd., Singapore 25/Nov/2021 20/Dec/2022 - 5/Mar/2023
2010 93,193
25 AMPHITRITE F 27,000 5.00% BG Shipping Co., Limited, Hong Kong 13/Sep/2021 9/Nov/2022
2012 98,697 14,250 5.00% Cobelfret S.A. 09/Nov/2022 1/Dec/2023-15/Feb/2024
26 POLYMNIA F 24,750 5.00% CLdN Cobelfret SA, Luxembourg 04/Feb/2022 15/Jan/2023-15/Mar/2023
2012 98,704
27 ELECTRA G 17,500 5.00% Refined Success Limited 02/Jul/2022 1/Apr/2023 - 30/May/2023 9
2013 87,150
28 PHAIDRA G 28,000 5.00% Uniper Global Commodities SE, Düsseldorf 02/Sep/2021 29/Aug/2022
2013 87,146 11,250 5.00% Element Maritime S.A. 20/Sep/2022 16/Nov/2022 10,11
11 Capesize Bulk Carriers
29 ALIKI 24,500 5.00% Koch Shipping Pte. Ltd., Singapore 21/Feb/2022 1/Feb/2023 - 15/Apr/2023
2005 180,235
- BALTIMORE 16,000 5.00% Solebay Shipping Cape Company Limited, Hong Kong 08/Apr/2022 11/Jul/2022 12,13
2005 177,243
30 SEMIRIO H 19,700 5.00% C Transport Maritime Ltd., Bermuda 15/Dec/2021 15/Aug/2023 - 15/Nov/2023 14
2007 174,261
31 BOSTON H 20,500 5.00% Aquavita International S.A. 15/Jul/2022 1/Apr/2023 - 31/May/2023 15
2007 177,828
32 HOUSTON H 27,000 5.00% Koch Shipping Pte. Ltd., Singapore 30/Aug/2021 18/Nov/2022 16,17
2009 177,729
33 NEW YORK H 14,000 5.00% EGPN Bulk Carrier Co., Limited, Hong Kong 29/Dec/2020 02/Jul/2022
2010 177,773 23,000 5.00% C Transport Maritime Ltd., Bermuda 02/Jul/2022 10/Jun/2023 - 25/Aug/2023
34 SEATTLE I 26,500 5.00% Solebay Shipping Cape Company Limited, Hong Kong 02/Mar/2022 1/Oct/2023-15/Dec/2023
2011 179,362
35 P. S. PALIOS I 31,000 5.00% Classic Maritime Inc. 11/Jun/2022 15/Apr/2024-30/Jun/2024
2013 179,134
36 G. P. ZAFIRAKIS J 22,750 4.75% Cargill International S.A., Geneva 01/Dec/2021 29/Nov/2022 - 31/Dec/2022 16
2014 179,492
37 SANTA BARBARA J 29,500 4.75% Cargill International S.A., Geneva 19/Mar/2022 10/May/2023-10/Jul/2023 18
2015 179,426

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38 NEW ORLEANS 32,000 5.00% Engelhart CTP Freight (Switzerland) SA 25/Mar/2022 20/Nov/2023-31/Jan/2024 18
2015 180,960
39 FLORIDA 25,900 5.00% Bunge S.A., Geneva 29/Mar/2022 29/Jan/2027-29/May/2027 19
2022 182,063
4 Newcastlemax Bulk Carriers
40 LOS ANGELES K 26,250 5.00% Koch Shipping Pte. Ltd., Singapore 30/Jan/2022 15/Jan/2023-15/Mar/2023
2012 206,104
41 PHILADELPHIA K 26,000 5.00% C Transport Maritime Ltd., Bermuda 12/Apr/2022 1/Feb/2024-15/Apr/2024
2012 206,040
42 SAN FRANCISCO L 30,500 5.00% Koch Shipping Pte. Ltd., Singapore 18/Feb/2022 1/Mar/2023-15/May/2023
2017 208,006
43 NEWPORT NEWS L 28,000 5.00% Koch Shipping Pte. Ltd., Singapore 16/Dec/2021 1/Jul/2023 - 30/Sep/2023
2017 208,021
* Each dry bulk carrier is a “sister ship”, or closely similar, to other dry bulk carriers that have the same letter.
** Total commission percentage paid to third parties.
*** 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.
**** 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.
1Vessel expected to be delivered to the Company in the fourth quarter of 2022.
2Vessel on scheduled drydocking from August 28, 2022 to September 23, 2022.
3Redelivery date based on an estimated time charter trip duration of about 31 days.
4Currently without an active charterparty. Vessel on scheduled drydocking.
5Vessel on scheduled drydocking from September 16, 2022 to September 30, 2022.
6Vessel off hire for 3.93 days.
7Solebay Shipping Transocean Company Limited has agreed to compensate the owners with the difference between the previous and the current charter rate for
the early redelivery of the vessel on August 3, 2022, till the minimum agreed redelivery date, August 15, 2022.
8Vessel on scheduled drydocking from October 12, 2022 to November 7, 2022.
9Vessel on scheduled drydocking from June 7, 2022 to July 2, 2022.
10Charter includes a one time ballast bonus payment of US$250,000.
11Redelivery date based on an estimated time charter trip duration of about 57 days.
12Vessel on scheduled drydocking from July 11, 2022 to September 21, 2022.
13Vessel was delivered to her new owners on September 21, 2022.
14Vessel on scheduled drydocking from July 14, 2022 to September 15, 2022.
15Vessel on scheduled drydocking from May 28, 2022 to July 15, 2022.
16Based on latest information.
17The charterers have compensated the owners for the days over and above the maximum redelivery date.
18Bareboat chartered-in for a period of eight years.
19Bareboat chartered-in for a period of ten years at US$13,500 per day.

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Summary of Selected Financial & Other Data (unaudited) Three months ended September 30, For the nine months ended September 30,
2022 2021 2022 2021
STATEMENT OF OPERATIONS DATA (in thousands of US Dollars)
Time Charter Revenues $ 73,811 $ 57,284 $ 214,267 $ 145,358
Voyage Expenses 3,432 677 4,095 4,749
Vessel Operating Expenses 17,685 18,832 52,507 56,563
Net income 31,731 14,733 93,381 16,254
Net Income Attributable to Common Stockholders 30,289 13,291 89,054 11,927
FLEET DATA
Average number of vessels 34.9 36.3 34.5 37.2
Number of vessels 34.0 36.0 34.0 36.0
Weighted average age of vessels 10.4 10.5 10.4 10.5
Ownership days 3,210 3,342 9,412 10,143
Available days 3,022 3,302 8,996 10,055
Operating days 2,994 3,253 8,913 9,945
Fleet utilization 99.1 % 98.5 % 99.1 % 98.9 %
AVERAGE DAILY RESULTS
Time charter equivalent (TCE) rate (1) $ 23,289 $ 17,143 $ 23,363 $ 13,984
Daily vessel operating expenses (2) $ 5,509 $ 5,635 $ 5,579 $ 5,577

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 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.

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 Thursday, November 17, 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 13733971.

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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)

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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
Three months ended September 30, For the nine months ended September 30,
2022 2021 2022 2021
REVENUES:
Time Charter Revenues $ 73,811 $ 57,284 $ 214,267 $ 145,358
OPERATING EXPENSES
Voyage Expenses 3,432 677 4,095 4,749
Vessel Operating Expenses 17,685 18,832 52,507 56,563
Depreciation and Amortization of Deferred Charges 10,641 10,263 31,099 30,403
General and Administrative Expenses 7,013 7,153 21,960 21,062
Management Fees to Related Party 222 340 450 1,194
Gain on Sale of Vessels (2,841 ) (1,564 ) (2,841 ) (1,360 )
Insurance Recoveries - - (1,789 ) -
Other Operating (Income)/Loss (132 ) 304 (474 ) 300
Operating Income, Total $ 37,791 $ 21,279 $ 109,260 $ 32,447
OTHER INCOME / (EXPENSES):
Interest Expense and Finance Costs (6,415 ) (5,681 ) (17,623 ) (15,022 )
Interest and Other Income 630 29 1,252 79
Loss on Extinguishment of Debt (212 ) (822 ) (212 ) (980 )
Gain/(Loss) from Equity Method Investments (63 ) (72 ) 704 (270 )
Total Other Expenses, Net $ (6,060 ) $ (6,546 ) $ (15,879 ) $ (16,193 )
Net Income $ 31,731 $ 14,733 $ 93,381 $ 16,254
Dividends on series B preferred shares (1,442 ) (1,442 ) (4,327 ) (4,327 )
Net Income Attributable to Common Stockholders 30,289 13,291 89,054 11,927
Earnings Per Common Share, Basic $ 0.39 $ 0.17 $ 1.15 $ 0.15
Earnings Per Common Share, Diluted $ 0.37 $ 0.16 $ 1.10 $ 0.14
Weighted Average Number of Common Shares Outstanding, Basic 78,390,909 78,687,020 77,696,706 81,408,637
Weighted Average Number of Common Shares Outstanding, Diluted 82,225,404 83,329,718 80,934,858 84,633,560
Three months ended September 30, For the nine months ended September 30,
2022 2021 2022 2021
Net Income $ 31,731 $ 14,733 $ 93,381 $ 16,254
Other comprehensive income (Actuarial income) - - 1 -
Comprehensive Income $ 31,731 $ 14,733 $ 93,382 $ 16,254

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CONDENSED CONSOLIDATED BALANCE SHEET DATA
(in thousands of U.S. Dollars)
September 30, 2022 December 31, 2021 *
ASSETS (unaudited)
Cash and Cash Equivalents and Restricted Cash $ 129,675 $ 126,788
Other Current Assets 15,085 15,357
Fixed Assets 746,844 682,579
Investments in Related Parties 25,708 7,644
Deferred and Other Noncurrent Assets 18,402 9,582
Total assets $ 935,714 $ 841,950
LIABILITIES AND EQUITY
Long-Term Debt and Finance Liabilities, net of Deferred Financing Costs $ 471,786 $ 423,675
Other Liabilities 35,586 25,080
Total Stockholders' Equity 428,342 393,195
Total Liabilities and Stockholders' Equity $ 935,714 $ 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 September 30, For the nine months ended September 30,
2022 2021 2022 2021
Net cash provided by operating activities $ 43,277 $ 30,047 $ 124,114 $ 57,489
Net cash provided by/(used in) investing activities (35,610 ) 5,990 (54,379 ) 28,065
Net cash used in financing activities $ (8,334 ) $ (44,783 ) $ (66,848 ) $ (22,214 )

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