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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES:    
Net loss $ (25,365) $ (16,046)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 27,300 26,732
Vessels impairment loss 6,800 7,345
Impairment of receivable in affiliated company 6,900 (0)
Non cash accrued interest income and amortization of deferred revenue (788) (6,303)
Non cash accrued interest income from receivable from affiliates 0 (141)
Amortization of operating lease right-of-use asset 459 0
Amortization and write-off of deferred financing cost and discount 1,018 4,633
Amortization of deferred dry dock and special survey costs 4,888 3,100
Equity in net earnings of affiliated companies (968) (185)
Equity compensation expense 483 1,013
Changes in operating assets and liabilities:    
(Increase)/ decrease in accounts receivable (18) 4,011
Net increase in prepaid expenses and other current assets (1,230) (5,784)
Net decrease in accounts payable (2,567) (762)
Net increase in accrued expenses 2,035 613
Net increase in deferred revenue 1,564 329
Decrease in amounts due from related parties 14,860 1,237
Net increase in amounts due to related parties 22,149 0
Payments for dry dock and special survey costs (9,341) (5,366)
Operating lease liabilities short and long-term (504) 0
Net cash provided by operating activities 47,675 14,426
INVESTING ACTIVITIES:    
Net cash proceeds from sale of vessels 0 5,978
Deposit for option to acquire vessel (4,435) (126)
Acquisition of/ additions to vessels, net of cash acquired (37,573) (5,832)
Repayments of notes receivable 2,344 2,344
Loans receivable from affiliates 0 (4,000)
Net cash used in investing activities (39,664) (1,636)
FINANCING ACTIVITIES:    
Cash distributions paid (6,731) (6,822)
Net proceeds from issuance of general partner units 0 8
Proceeds from long-term debt 46,475 70,765
Repayment of long-term debt and financial liabilities (47,927) (96,733)
Deferred financing fees (415) (1,744)
Acquisition of treasury stock 0 (4,499)
Net cash used in financing activities (8,598) (39,025)
Decrease in cash, cash equivalents and restricted cash (587) (26,235)
Cash, cash equivalents and restricted cash, beginning of period 30,402 61,455
Cash, cash equivalents and restricted cash, end of period 29,815 35,220
Supplemental disclosures of cash flow information    
Cash interest paid 13,053 18,724
Non cash financing activities    
Accrued deferred financing costs 0 206
Non cash investing activities    
Accrued interest on loan receivable from affiliates 0 183
Loans receivable from affiliates (9,992) 0
Acquisition of vessels $ 19,997 $ 0