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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows from Operating Activities    
Net (Loss)/Income $ (9,341) $ (46,861)
Reconciliation of Net Income to Net Cash Provided by Operating Activities    
Depreciation Expense 31,527 29,646
Impairment of Vessels 0 2,168
Gain (Loss) Disposal of Vessels 0 1,716
Equity Loss from Associate 0 2,422
Change in Fair Value of Investment Securities 1,449 0
Dry-dock Expenditures (446) (548)
Amortization of Deferred Finance Costs 2,866 1,150
Deferred Compensation Liability 486 (82)
Share-based Compensation 200 209
Other, net 66 108
Changes in Operating Assets and Liabilities:    
Accounts Receivables 6,940 706
Accounts Receivables, Related Party 212 132
Inventory (1,797) 489
Prepaid Expenses and Other Current Assets (147) 407
Accounts Payable and Accrued Liabilities 1,204 (902)
Voyages in Progress 7,613 (3,503)
Net Cash (Used In) / Provided by Operating Activities 40,832 (12,743)
Cash Flows from Investing Activities    
Investment in Vessels (557) (3,097)
Proceeds from Sale of Vessels 0 25,234
Investment in Other Fixed Assets 0 (60)
Dividends received from Associate 0 300
Net Cash (Used In) / Provided in Investing Activities (557) 22,377
Cash Flows from Financing Activities    
Proceeds from Borrowing Activities 300,000 0
Repayments of Borrowing Facility (6,378) 0
Repayments of Vessel Financing 2018 New buildings (3,566) 0
Repayments on Credit Facility (313,400) (15,785)
Transaction Costs Borrowing Facility (6,904) 0
Dividends Distributed (9,936) (5,678)
Net Cash (Used In) / Provided by Financing Activities (40,184) (21,463)
Net Increase (Decrease) in Cash and Cash Equivalents 91 (11,829)
Net Deposit of Restricted Cash (7,337) 0
Effect of Exchange Rate Changes on Cash and Cash Equivalents (19) (48)
Cash and Cash Equivalents at the Beginning of Period 49,327 58,359
Cash and Cash Equivalents at the End of Period 42,062 46,482
Cash Paid for Interest, Net of Amounts Capitalized $ (17,444) $ (14,516)