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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
OPERATING ACTIVITIES:      
Net loss $ (13,081) $ (14,851) $ (52,549)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 58,334 72,760 92,370
Vessel impairment losses 44,344 32,677 27,201
Loss on sale of securities 0 0 19,435
Gain on debt repayment 0 0 (2,140)
Non cash accrued interest income and amortization of deferred revenue (12,522) (12,512) (5,717)
Non cash accrued interest income from receivable from affiliates (272) (204) 0
Amortization and write-off of deferred financing cost and discount 7,258 9,744 4,003
Amortization of deferred dry dock and special survey costs 6,180 6,725 6,381
Equity in net earnings of affiliated companies (3,957) (866) 59
Equity compensation expense 2,450 1,904 93
Allowance for doubtful accounts 0 1,495 0
Loss on vessel disposal 53 1,260 0
Gain on change in control 0 (4,068) 0
Changes in operating assets and liabilities:      
Net increase in accounts receivable (315) (6,071) (6,023)
Net increase in prepaid expenses and other current assets (952) (40) (303)
Decrease in other long-term assets 0 0 61
Net increase in accounts payable 1,121 1,630 570
(Decrease)/ increase in accrued expenses (3,776) 6,642 1,929
(Decrease)/increase in amounts due to related parties 0 (11,105) 3,025
Increase/ (decrease) in deferred revenue 113 (2,200) (1,000)
Net increase in amounts due from related parties (12,332) (26,131) (20,089)
Payments for dry dock and special survey costs (4,327) (3,290) (5,493)
Net cash provided by operating activities 68,319 53,499 61,813
INVESTING ACTIVITIES:      
Net cash proceeds from sale of vessels 76,264 113,818 0
Deposits for vessels acquisitions 0 (9) 0
Acquisition of vessels and favorable lease terms, net of cash acquired (115,902) (158,241) (15,341)
Change to acquisition of Navios Containers assets and favorable lease terms, net of cash 0 (115,884) 0
Navios Containers repayment of seller’s credit 0 14,000 0
Change in control of Navios Containers, including disposed cash 0 (19,757) 0
Deposit for option to acquire vessel (2,853) (2,770) 0
Investment in affiliates (14,460) (10,000) 0
Repayments of notes receivable 4,688 4,687 0
Loans receivable from affiliates (15,625) (9,005) (450)
Note receivable from affiliates 0 (4,050) 0
Proceeds from sale of securities 0 0 20,842
Net cash (used in)/ provided by investing activities (67,888) (187,211) 5,051
FINANCING ACTIVITIES:      
Cash distributions paid (10,261) 0 0
Net proceeds from issuance of general partner units 805 2,638 10
Proceeds from issuance of common units, net of offering costs 33,373 98,774 440
Proceeds from noncontrolling interest 0 17,324 0
Common units issuance cost for Navios Europe I loans 0 (726) 0
Proceeds from long-term debt and financial liability, net 83,300 514,703 29,000
Repayment of long-term debt and financial liability (74,881) (546,465) (104,624)
Deferred financing cost (1,245) (7,802) (1,141)
Proceeds from long-term borrowing of Navios Containers, net of financing cost 0 60,111 0
Net cash provided by/ (used in) financing activities 31,091 138,557 (76,315)
Increase/ (decrease) in cash, cash equivalents and restricted cash 31,522 4,845 (9,451)
Cash, cash equivalents and restricted cash, beginning of period 29,933 25,088 34,539
Cash, cash equivalents and restricted cash, end of period 61,455 29,933 25,088
Supplemental disclosures of cash flow information      
Cash interest paid 35,244 26,630 26,694
Non cash financing activities      
Equity compensation expense 2,450 1,904 93
Issuance of common units for transfer of Navios Europe I loans 0 28,697 0
Receivable from affiliates 0 (29,423) 0
Accrued deferred financing costs 410 0 0
Non cash investing activities      
Notes receivable 0 (7,540)  
Notes receivable     6,112
Other than temporary impairment on dividend in kind 560 0 0
Distribution of Navios Containers’ shares 4,243 0 0
Accrued interest on loan receivable from affiliates $ 327 $ 278 $ 238