Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 271

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 271
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Net income

-

-

-

-

-

-

-

-

-

-

12,746

12,746

Issuance of Restricted

Stock and

Compensation Cost

(Note 11(i))

-

-

-

-

-

-

2,300,000

23

9,989

-

-

10,012

Issuance of Common

Stock (Note 11(e))

-

-

-

-

-

-

9,837,680

98

27,949

-

-

28,047

Dividends on series B

preferred stock

($

2.21875

per share)

(Note 11(b))

-

-

-

-

-

-

-

-

-

-

(5,769)

(5,769)

Dividends on common

stock ($

0.235

per

share) (Notes 11(f))

-

-

-

-

-

-

-

-

-

-

(29,004)

(29,004)

Other Comprehensive

Income

-

-

-

-

-

-

-

-

-

4

-

4

BALANCE,

December

31, 2024

2,600,000

$

26

10,675

$

-

400

$

-

125,203,405

$

1,252

$

1,139,363

$

312

$

(635,896)

$

505,057

The accompanying notes are an integral part of

these consolidated financial statements.

F-

11

DIANA SHIPPING INC.

CONSOLIDATED STATEMENTS

OF CASH FLOWS

For the years ended December 31, 2024, 2023 and 2022

(Expressed in thousands of U. S. Dollars)

2024

2023

2022

Cash Flows from Operating Activities:

Net income

$

12,746

$

49,844

$

119,063

Adjustments to reconcile net

income to cash provided

by operating

activities

Depreciation and amortization of deferred charges

44,691

49,785

43,326

Amortization of debt issuance costs (Note 13)

2,372

2,620

2,286

Compensation cost on restricted stock (Note 11(g))

10,012

9,938

9,282

Provision for credit loss

-

-

133

Dividend income (Note 5(a))

-

(3)

(100)

Pension and other postretirement benefits

4

55

182

(Gain)/loss on derivative instruments (Note 8)

(274