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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net loss $ (56,868) $ (51,224)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 54,532 50,605
Amortization of deferred financing costs 2,828 2,110
Payment of PIK interest   (5,341)
Noncash operating lease expense 911  
Amortization of nonvested stock compensation expense 1,596 1,776
Impairment of right-of-use asset 223  
Impairment of vessel assets 26,078 56,586
Gain on sale of vessels (611) (1,509)
Loss on debt extinguishment   4,533
Insurance proceeds for protection and indemnity claims 413 268
Insurance proceeds for loss of hire claims   58
Change in assets and liabilities:    
Decrease (increase) in due from charterers 1,915 (6,329)
Increase in prepaid expenses and other current assets (655) (5,966)
Decrease (increase) in inventories 6,566 (14,647)
Decrease in other noncurrent assets   514
Increase in accounts payable and accrued expenses 5,061 8,169
(Decrease) increase in deferred revenue (79) 5,017
Decrease in operating lease liabilities (1,187)  
Increase in deferred rent   988
Deferred drydock costs incurred (11,965) (2,233)
Net cash provided by operating activities 28,758 43,375
Cash flows from investing activities:    
Purchase of vessels, including deposits (10,392) (239,695)
Purchase of scrubbers (capitalized in Vessels) (24,736)  
Purchase of other fixed assets (3,590) (888)
Net proceeds from sale of vessels 6,309 10,626
Insurance proceeds for hull and machinery claims 612 3,466
Net cash used in investing activities (31,797) (226,491)
Cash flows from financing activities:    
Payment of debt extinguishment costs   (2,962)
Proceeds from issuance of common stock   110,249
Payment of common stock issuance costs (105) (496)
Payment of deferred financing costs (611) (11,499)
Net cash (used in) provided by financing activities (33,531) 144,209
Net decrease in cash, cash equivalents and restricted cash (36,570) (38,907)
Cash, cash equivalents and restricted cash at beginning of period 202,761 204,946
Cash, cash equivalents and restricted cash at end of period 166,191 166,039
Secured Debt | $108 Million Credit Facility    
Cash flows from financing activities:    
Proceeds from credit facility   108,000
Repayment of secured debt (4,740) 0
Secured Debt | $495 Million Credit Facility    
Cash flows from financing activities:    
Proceeds from credit facility 21,500 460,000
Repayment of secured debt (49,575) 0
Secured Debt | $400 Million Credit Facility    
Adjustments to reconcile net loss to net cash provided by operating activities:    
Payment of PIK interest   (5,341)
Cash flows from financing activities:    
Repayment of secured debt   (399,600)
Secured Debt | 2014 Term Loan Facilities    
Cash flows from financing activities:    
Repayment of secured debt 0 (25,544)
Line of Credit Facility | $98 Million Credit Facility    
Cash flows from financing activities:    
Repayments of Credit Facility $ 0 $ (93,939)