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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities        
Net Income (Loss) $ 15,101 $ (171,328) $ 50,033  
Reconciliation of Net Loss to Net Cash Provided by Operating Activities        
Depreciation Expense 50,421 68,352 67,834  
Impairment Loss on Vessels 314 60,311 0  
(Gain) / Loss on Disposal of Vessels (6,005) 0 0  
Change in Fair Value of Investment Securities 0 0 224  
Drydock Expenditure (8,215) (7,318) (21,045)  
Amortization of Deferred Finance Costs 3,589 2,989 4,354  
Share-based Compensation 476 339 285  
Other, net 84 502 (810)  
Changes in Operating Assets and Liabilities        
Accounts Receivables (11,100) (3,025) 18,109  
Inventory (4,558) (1,465) 3,068  
Prepaid Expenses and Other Current Assets (2,694) 286 (330)  
Accounts Payable and Accrued Liabilities 230 11,743 (19,258)  
Voyages in Progress (13,509) (5,844) 8,480  
Net Cash Provided by / (Used In) Operating Activities 24,134 (44,458) 110,944  
Cash Flows from Investing Activities        
Investment in Vessels (5,116) (3,868) (6,845)  
Investment in Other Fixed Assets 0 (589) (233)  
Investment in Newbuilds (90,301) (13,270) (11,000)  
Sale of Vessels 81,074 14,262 0  
Proceeds from Sale of Investment Securities 0 0 602  
Net Cash (Used In) / Provided by Investing Activities (14,343) (3,465) (17,476)  
Cash Flows from Financing Activities        
Proceeds from Issuance of Common Stock 49,096 80,051 20,713 $ 17,900
Proceeds from Borrowing Activities 0 0 29,300  
Proceeds from Vessel Financing 88,000 0 0  
Repayment of Vessel financing (11,476) (7,958) (7,630)  
Repayments on Borrowing Facility (93,933) (30,780) (67,896)  
Transaction Costs Borrowing Facilities 0 (1,100) (320)  
Dividends Distributed (22,682) (9,700) (67,242)  
Net Cash Provided by / (Used In) Financing Activities 9,005 30,513 (93,075)  
Net Increase / (Decrease) in Cash, Cash Equivalents, and Restricted Cash 18,796 (17,410) 393  
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year 44,648 62,070 61,638  
Effect of Exchange Rate Changes on Cash and Cash Equivalents (142) (12) 39  
Cash, Cash Equivalents, and Restricted Cash at End of Year 63,302 44,648 62,070 $ 61,638
Supplemental Disclosure of Cash Flow information        
Cash and Cash Equivalents 59,583 34,739 57,847  
Restricted cash 3,719 9,909 4,223  
Cash Paid for Taxes 59 64 71  
Cash Paid for Interest, Net of Amounts Capitalized $ 23,455 $ 23,392 $ 27,128