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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
 OPERATING ACTIVITIES:      
Net loss $ (68,541) $ (62,134) $ (13,081)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 56,050 53,255 58,334
Vessels impairment loss 71,577 36,680 44,344
Navios Containers Impairment loss 0 42,603 0
Impairment of receivable in affiliated company 6,900 (0) (0)
Non cash accrued interest income and amortization of deferred revenue (1,588) (12,638) (12,522)
Allowance for credit losses 1,495 0 0
Loss on vessel disposal 0 0 53
Non cash accrued interest income from receivable from affiliates 0 (279) (272)
Amortization of operating lease right-of-use asset 956 378 0
Amortization and write-off of deferred finance costs and discount 2,141 10,916 7,258
Amortization of deferred dry dock and special survey costs 10,337 6,916 6,180
Equity in net earnings of affiliated companies (1,133) (2,532) (3,957)
Stock-based compensation 946 2,018 2,450
Changes in operating assets and liabilities:      
(Increase)/ decrease in accounts receivable (6,495) 4,649 (315)
Decrease/ (increase) in prepaid expenses and other current assets 3,722 (6,262) (952)
(Decrease)/ increase in accounts payable (2,320) 2,505 1,121
Net decrease in accrued expenses (1,668) (75) (3,776)
Net increase in amounts due to related parties 27,505 0 0
(Decrease)/ increase in deferred revenue (1,310) 213 113
Decrease/ (increase) in amounts due from related parties 20,581 17,528 (12,332)
Payments for dry dock and special survey costs (24,021) (22,928) (4,327)
Operating lease liabilities short and long-term (1,048) (418) 0
Net cash provided by operating activities 94,086 70,395 68,319
INVESTING ACTIVITIES:      
Net cash proceeds from sale of vessels 8,183 5,978 76,264
Acquisition of/ additions to vessels and favorable lease terms, net of cash acquired (72,417) (21,166) (115,902)
Deposit for option to acquire vessel (10,685) (2,533) (2,853)
Investment in affiliates 0 0 (14,460)
Repayments of notes receivable 4,687 4,687 4,688
Loans receivable from affiliates 0 (4,000) (15,625)
Payable to affiliated company (13,622) 0 0
Net cash used in investing activities (83,854) (17,034) (67,888)
FINANCING ACTIVITIES:      
Cash distributions paid (7,872) (13,550) (10,261)
Net proceeds from issuance of general partner units 47 8 805
Net proceeds from issuance of common units 2,231 0 33,373
Proceeds from long-term debt and financial liabilities 79,475 386,530 83,300
Repayment of long-term debt and financial liabilities (82,672) (448,215) (74,881)
Payments of deferred finance costs (1,115) (4,688) (1,245)
Acquisition of treasury stock 0 (4,499) 0
Net cash (used in)/ provided by financing activities (9,906) (84,414) 31,091
Increase/ (decrease) in cash, cash equivalents and restricted cash 326 (31,053) 31,522
Cash, cash equivalents and restricted cash, beginning of period 30,402 61,455 29,933
Cash, cash equivalents and restricted cash, end of period 30,728 30,402 61,455
Supplemental disclosures of cash flow information      
Cash interest paid 23,717 32,869 35,244
Non cash financing activities      
Stock-based compensation 946 2,018 2,450
Accrued deferred finance costs 0 0 410
Debt assumed for the acquisition of four drybulk vessels 0 (37,000) 0
Non cash investing activities      
Other than temporary impairment on dividend in kind 0 0 560
Distribution of Navios Containers' shares 0 0 4,243
Accrued interest on loan receivable from affiliates 0 281 327
Loans receivable from affiliates (9,992) (15,205) 0
Acquisition of vessels $ 37,999 $ 96,461 $ 0