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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
OPERATING ACTIVITIES      
Net income $ 65,335 $ 60,511 $ 34,322
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 63,971 41,174 15,877
Write-off of intangible asset 3,979 0 0
Amortization and write-off of deferred financing cost 530 415 683
Amortization of deferred dry dock costs 61 92 415
Provision for bad debts 0 0 49
Compensation expense 0 0 6,082
Changes in operating assets and liabilities      
Increase in restricted cash (2) (2) (822)
Increase in accounts receivable (3,899) (334) (338)
Decrease/(increase) in prepaid expenses and other current assets 396 (1,797) (406)
Decrease/(increase) in other long term assets 75 (154) 0
Increase/(decrease) in accounts payable 946 558 (76)
Increase in accrued expenses 1,045 97 182
(Decrease)/increase in deferred voyage revenue (6,417) (5,211) 24,172
Increase in amounts due to related parties 1,444 669 425
Net cash provided by operating activities 127,464 96,018 80,565
INVESTING ACTIVITIES      
Acquisition of vessels (76,220) (291,591) (23,683)
Acquisition of intangibles (43,780) (156,166) (42,917)
Deposit for vessel acquisitions 0 0 (2,500)
Net cash used in investing activities (120,000) (447,757) (69,100)
FINANCING ACTIVITIES      
Cash distribution paid (95,499) (72,316) (39,016)
Net proceeds from issuance of general partner units 2,052 6,150 2,948
Proceeds from issuance of common units, net of offering costs 86,288 253,871 126,807
Proceeds from long term debt 35,000 139,000 0
(Increase)/decrease in restricted cash (7,642) 12,500 (12,500)
Repayment of long-term debt and payment of principal (30,450) (12,500) (40,000)
Debt issuance costs (413) (1,566) (200)
Net cash (used in)/provided by financing activities (10,664) 325,139 38,039
(Decrease)/increase in cash and cash equivalents (3,200) (26,600) 49,504
Cash and cash equivalents, beginning of period 51,278 77,878 28,374
Cash and cash equivalents, end of period 48,078 51,278 77,878
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Cash paid for interest 8,131 5,806 7,590
Non-cash investing and financing activities:      
Issuance of common units to Navios Holdings related to the acquisition of the Navios Luz and the Navios Orbiter in May 2011 9,960 0 0
Issuance of common units to Navios Holdings related to the acquisition of the Navios Fulvia and the Navios Melodia in November 2010 0 14,971 0
Issuance of common units to Navios Holdings related to the acquisition of the Navios Aurora II in March 2010 0 20,326 0
Issuance of units in connection with the non-cash compensation expense related to the relief of the obligation on Navios Bonavis $ 0 $ 0 $ 6,082