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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net loss $ (124,815) $ (91,182)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 13,570 16,039
Loss on sale of assets 5,273
Amortization of stock-based compensation 1,112 1,498
Amortization and write-off of deferred financing costs 10,283 806
Impairment 116,657
Provision for doubtful accounts receivable, net of write-offs 546 23
Gain on extinguishment of debt (10,120)
Deferred income tax expense (benefit) 73,216 (35,624)
Foreign currency transaction (gain) loss 298 (223)
Change in operating assets and liabilities:    
Accounts receivable 1,558 12,859
Prepaids and other (1,009) 659
Accounts payable (1,535) 2,573
Other accrued liabilities and other 10,126 (13,865)
Net cash (used in) provided by operating activities (11,377) 100
Cash flows from investing activities:    
Purchases of vessels, equipment and other fixed assets (24,377) (7,200)
Proceeds from disposition of vessels and equipment 3,000 29
Net cash used in investing activities (21,377) (7,171)
Cash flows from financing activities:    
Proceeds from borrowings under revolving loan facility 58,468 15,000
Repayments of borrowings under revolving loan facility (2,000)
Repayment of Senior Notes (9,880)
Debt issuance costs (4,299) (769)
Proceeds from issuance of stock 121
Net cash provided by financing activities 52,169 4,472
Effect of exchange rate changes on cash (96) 329
Net increase (decrease) in cash and cash equivalents 19,319 (2,270)
Cash and cash equivalents at beginning of period 8,822 21,939
Cash and cash equivalents at end of period 28,141 19,669
Supplemental cash flow information:    
Interest paid, net of interest capitalized 756 15,353
Income taxes paid, net $ 613 $ 449