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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities      
Net Income (Loss) $ (171,328) $ 50,033 $ (10,352)
Reconciliation of Net Loss to Net Cash Provided by Operating Activities      
Depreciation Expense 68,352 67,834 63,965
Impairment Loss on Vessels 60,311 0 0
Change in Fair Value of Investment Securities 0 224 3,160
Drydock Expenditure (7,318) (21,045) (4,158)
Amortization of Deferred Finance Costs 2,989 4,354 4,291
Deferred Compensation Liabilities 0 0 (10,970)
Share-based Compensation 339 285 156
Other, net 502 (810) (66)
Changes in Operating Assets and Liabilities      
Accounts Receivables (3,025) 18,109 (1,989)
Inventory (1,465) 3,068 (2,184)
Prepaid Expenses and Other Current Assets 286 (330) (1,068)
Accounts Payable and Accrued Liabilities 11,743 (19,258) 10,122
Voyages in Progress (5,844) 8,480 1,951
Net Cash Provided by / (Used In) Operating Activities (44,458) 110,944 52,858
Cash Flows from Investing Activities      
Investment in Vessels (3,868) (6,845) (2,531)
Investment in Other Fixed Assets (589) (233) 0
Investment in Vessels under Construction (13,270) (11,000) 0
Sale of Vessels 14,262 0 0
Proceeds from Sale of Investment Securities 0 602 212
Net Cash (Used In) / Provided by Investing Activities (3,465) (17,476) (2,319)
Cash Flows from Financing Activities      
Proceeds from Issuance of Common Stock 80,051 20,713 17,922
Proceeds from Borrowing Activities 0 29,300 300,000
Repayments on prior $500 million Credit Facility 0 0 (313,400)
Repayments on Vessel financing 2018-built Vessels (7,958) (7,630) (7,273)
Repayments on Borrowing Facility (30,780) (67,896) (14,324)
Transaction Costs Borrowing Facilities (1,100) (320) (6,921)
Dividends Distributed (9,700) (67,242) (14,255)
Net Cash Provided by / (Used In) Financing Activities 30,513 (93,075) (38,251)
Net Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash (17,410) 393 12,288
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year 62,070 61,638 49,327
Effect of Exchange Rate Changes on Cash and Cash Equivalents (12) 39 23
Cash, Cash Equivalents, and Restricted Cash at End of Year 44,648 62,070 61,638
Supplemental Disclosure of Cash Flow information      
Cash and Cash Equivalents 34,739 57,847 48,847
Restricted cash 9,909 4,223 12,791
Cash Paid for Taxes 64 71 79
Cash Paid for Interest, Net of Amounts Capitalized $ 23,392 $ 27,128 $ 35,616