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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES:    
Net income $ 174,830 $ 211,473
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of intangible assets 111,884 108,255
Amortization of unfavorable lease terms (6,307) (12,910)
Non-cash amortization of deferred revenue and straight line (5,057) 29,248
Amortization of operating lease assets/ liabilities (2,594) 5,146
Amortization and write-off of deferred finance costs and  discount 3,709 3,618
Amortization of deferred drydock and special survey costs 30,252 18,865
Gain on sale of vessels, net (9,133) (43,601)
Stock-based compensation 0 2
Changes in operating assets and liabilities:    
Decrease in accounts receivable 1,348 43,566
Decrease in prepaid expenses and other current assets 1,628 9,248
Decrease/ (increase) in amounts due from related parties (including current and non-current portion) 10,050 (1,765)
Payments for dry dock and special survey costs (38,590) (40,856)
Decrease in accounts payable (7,128) (7,971)
(Decrease)/ increase in accrued expenses (950) 7,846
(Decrease)/ increase in deferred revenue (6,021) 2,930
Decrease in amounts due to related parties (32,006) (104,751)
Net cash provided by operating activities 225,915 228,343
INVESTING ACTIVITIES:    
Net cash proceeds from sale of vessels 91,400 215,839
Other investments 8,457 0
Deposits for acquisition/ option to acquire vessel (182,627) (113,600)
Acquisition of/ additions to vessels (211,187) (70,574)
Net cash (used in)/ provided by investing activities (293,957) 31,665
FINANCING ACTIVITIES:    
Cash distributions paid (3,080) (3,080)
Repayment of long-term debt and financial liabilities (199,256) (635,795)
Payments of deferred finance costs (4,973) (12,227)
Proceeds from long-term debt and financial liabilities 311,020 486,048
Acquisition of treasury units (5,000) 0
Net cash provided by/ (used in) financing activities 98,711 (165,054)
Increase in cash, cash equivalents and restricted cash 30,669 94,954
Cash, cash equivalents and restricted cash, beginning of   period 249,175 175,098
Cash, cash equivalents and restricted cash, end of period 279,844 270,052
Supplemental disclosures of cash flow information    
Cash interest paid 67,978 72,992
Non cash financing activities    
Stock-based compensation 0 2
Financial and finance lease liabilities 27,463 173,010
Non cash investing activities    
Deposits for acquisition/ option to acquire vessel 101,687 0
Acquisition of vessels $ (138,800) $ (201,129)