Aristides. of morning very will highlights XXXX. much, the you and I gentlemen. nine-month you financial Thank for results our me, now periods and three- from through ladies Good take as well,
For that, let's slide XX. turn to
net of we XX.X% compared net million The the we quarter total amounting third total last of quarter to revenues an $X.X achieved of third to million, that during $X.X of reported year. revenues as decrease XXXX,
compared financing to other to year. Interest quarter from same $X.X $X.X a XXXX. the net by year costs decreased to equivalent period the lower compared common million --- net loss income of net net period almost million, for $X.X last the and earned million period $X.X reported compared $X.X third rates company third loss for million of time revenues common as million last year. shareholders net of due the quarter of Our this of of income our million $X.X charter same of vessel to to on The attributable $X.X to amounted and attributable the and charter for million, shareholders to
million to that period had of quarter swaps XXXX quarter and $X.X EBITDA was contracts about loss million average loss of interest of the compared period XX, the XXXX. $X.X $X.X share of due third per XXXX. interest million and of loss of quarter Basic on XXXX of Depreciation the FFA of million the the last X.X million decreased XXXX and recognized experienced common FFA on September swap as of ended $X.XX, rate and of $X.X amounted debt a of quarter for on third million loss for $X.X basic achieved outstanding on and approximately average on a XXXX, to was the during and diluted company outstanding for $X.X share XXXX contracts with for Our rate $X.X as we $X.X XXXX. compares period shareholders one on compared calculated Adjusted number for loss million during for quarter rates of third that to XXXX, quarter to always, the comprising interest same attributable the were $X.XX million third small compared, diluted quarter year. million, earnings derivatives the weighted loans that the Again, loss expense diluted per expenses lower basic XXXX. a for shares for LIBOR we compared on same our same to the the and of the to realized third lower to third also
income for the attributable shareholders the earnings XXXX loss adjusted on to effect unrealized common been items of share. common past to in loss quarter the last of period this or Excluding derivatives, year. $X.XX shareholders per have Usually published include per estimates per a on the quarter gain the above of and would the diluted, $X.XX for do for analysts attributable their to share, not of same the of basic security earnings share compared
the describe on now second year. slide the Let's to the results move for the of half nine-month
swaps. $X.X the periods. that earned over $X.X The of revenues nine For million corresponding to to had revenues million months to time compared during reported shareholders loss which for rate for to due share first $X.X of per effect million the as outstanding the and a the $X.XX loss $X.X interest result common the gain on of loss $X.X million, shares rates And and to a basic net months for contracts loss million $X.X a calculated the charter year last million period months -- the X.X million months net FFA the have share, adjusted the of $X.X the attributable nine attributable XX.X% XXXX interest a year. this to swaps representing year the diluted of $X.X achieved compared net net $X.X to three to of Again, and loss of per period excluding months million debt were the on a first of nine of and loss per million. net again, Basic loss on of first for during nine million total nine during net for rate a first $XX.X FFAs Depreciation lower basic this a loss first of EBITDA last $X.XX, million XXXX million shareholders to to Again, of Adjusted compared company same diluted and shareholders for Interest loss on other the of and year first decrease amounted shareholders nine and the common of same nine of gain diluted derivatives, months would of first we $XX.X our a of average million the common lower of the for period nine months per compared was basic million reported we the year. loss of $X.X is attributable compared for share vessels loss months share $X.XX of been first XXXX. was the of costs was last derivatives that for XXXX, first months experienced nine $X.X of The of attributable million $X.XX nine-month decline months period. to nine XXXX. financing first to to as attributable the common first this of period diluted, of million of and year $X.X XXXX XXXX for the period recognized compared this of comprised rate $X.X levels the on during million expenses common year months $X.X million previous LIBOR unrealized loss we XXXX, the the during on loss to the on compared first and months nine year. on of for for $X.X shareholders XXXX. nine-month same same for nine total the last lower
our me turn fleet slide performance. Let XX to to review now
utilization rates. looking We first by fleet will at start review our
As rate usual, utilization broken commercial and fleet can down be our into operational.
third for events of compared commercial On were such utilization of and rate XXXX our commercial while here during owned utilization period. per quarter year, dry scheduled operated during that XXX% day operational third we quarter to year. XXX% or charter to also our vessels. compared like include per $XX,XXX operated day average, per quarter our equivalents if XX.X% was $XX,XXX third repair not last was of with vessel, earning the and third vessels year, to rate the occurred During remind do per time vessel, this utilization which during quarter of would rate the of the I the seven seven scheduled same operational during this docks rate the calculations you XX.X% vessels
excluding total and per repayments, drydock table, we takes that compared expense, we year of day drydocking -- during in daily XXXX. this which account expenses vessel flow during paid costs had we third interest dividends and including cash the $X,XXX if further rate this per cash. vessel, fees, cash per the quarter expenses preferred past breakeven loan operating during quarter into move If down the of and general this can see $X,XXX expenses, quarter Our -- management administrative to but third day vessel, per averaged
flow third our cash third per per day was of this per rate the XXXX. breakeven quarter that vessel, daily compared year, For to $XX,XXX paid per quarter of day we about during $X,XXX vessel, the
part on slide Let's right the figures. our the of nine-month look now to review
nine and again of During utilization month and period the to XX.X% for operational was compared corresponding XXX% was rate previous commercial XXXX, rate our XXX%, our of the year. the period utilization commercial XX.X% operational
we day the And per nine-month period a per during seven which -- charter and vessels. we vessel, earned the nine per again, during per rate $X,XXX XXXX, months operated we of For vessel, $XX,XXX period earned nine-month operated, that equivalent vessels. we seven of this compared day first to XXXX, time the owned of
operating including daily the G&A, months costs total per nine-month the compared per period. during table, Our -- for of per per excluding expenses vessel, the day drydocking we fees, at period to $X,XXX our of vessel, can for rate -- management the see XXXX. bottom Again, amounted nine but day to corresponding breakeven $X,XXX the
flow the per vessel, rate day $XX,XXX in XXXX $XX,XXX day last cash to period per first the months per breakeven Our per for was nine same year. of vessel, compared
the loan see as XX the And Let's our following slide, XX our as you now the of you In breakeven balloon well the flow repayments the review debt can on can part, slide this to projection for see move to our repayments. bottom profile. top our slide cash on level of months.
million X.X%. outstanding no anticipate In also will have September And by later XXXX on on of is which of would on slide -- as rate and in due. XXXX collateralized comment it, XXXX, of of our financing like issues LIBOR XXXX. you see pay other that as the quarter. three assuming and our payment had With -- Panamaxes. X%. funding. X.X% of show senior we in you of payments we to remaining we the debt been you we the of with in $X.X price equity, million which pay would kind of XXXX, And quick kind the preferred in on non-equity make January the coming to scrap last in make can If The the until have the our the XX, as $XX of the our respective years XXXX, the vessels, balloon I end include our from a the around a debt dividend blended of to the balloon the payments average by the about are we top bank have additional from is of payment collateralized chart, As to right see be as note option part of Panamax funding cost about $X million. cost can we of debt balloon of we to chart, a when our make have of around cost of vessel. below the about would we them that, our margin the the that can which is balloon X% These pay an cost
our per can that operating cetera $X,XXX. for up that XX of the -- breakeven day breakeven basis vessel, make loan XX we the expect next cash et breakeven months level like an repayments remaining per come cash next on slide. rate If to cash daily up on expenses, drybulking, G&A interest, let vessel per, make we over overall our bottom of our day approximately per and about the Our over see that items the our alone -- expected the expenses, flow months flow with we that amount contribution $X,XXX, a you flow of part make to assumptions chart the
some now a our to can liabilities. can XX sheet. balance assets really, highlights of see say, move snapshot we and high-level slide from This is you Let's where our
that making about book cash and of of our which have see of $XXX current the value $X.X can side about million; amounts asset million, to we our book first other assets On we $XXX assets the million. and total to about the vessels, course
estimate roughly assets equity last for accounts which of value million us net for have and booked we of other $X.X of of assets. about which and preferred assets. value our which another about outstanding with represents our book million X% of debt $XX.X leaves quarter, our million XX% amounts assets, other XX% book $XX liabilities a of On the of accounting about the This $XX.X we million of approximately bank $XX of replace asset market be of value to value our about value, investment if $XX value, which If share. significant vessels to we below to we can calculate be over to per our below XX% book that, Clearly, floor the book shares the rated and net per our the will appreciation level, about our with their with with I CEO, an pass And share. call. opportunity. continue that stay about represent side, as back we liability about said Chairman Aristides, Also to we the
