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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES:      
Net income/ (loss) $ 511,273 $ (68,541) $ (62,134)
Adjustments to reconcile net income/ (loss) to net cash provided by operating activities:      
Depreciation and amortization of intangible assets 112,817 56,050 53,255
Amortization of unfavorable lease terms (108,538) 0 0
Vessels impairment loss 0 71,577 36,680
Navios Containers Impairment loss 0 0 42,603
Impairment of receivable in affiliated company (0) 6,900 (0)
Non cash accrued interest income and amortization of deferred revenue 460 (1,588) (12,638)
Allowance for credit losses 0 1,495 0
Non cash accrued interest income from receivable from affiliates 0 0 (279)
Amortization of operating lease assets (401) 956 378
Amortization and write-off of deferred finance costs and discount 3,741 2,141 10,916
Amortization of deferred dry dock and special survey costs 16,143 10,337 6,916
Gain on sale of vessels, net (33,625) 0 0
Bargain gain (48,015) 0 0
Equity in net earnings of affiliated companies (80,839) (1,133) (2,532)
Stock-based compensation 523 946 2,018
Changes in operating assets and liabilities:      
Decrease/ (increase) in accounts receivable 344 (6,495) 4,649
Decrease/ (increase) in prepaid expenses and other current assets 9,770 3,722 (6,262)
Increase/ (Decrease) in accounts payable 1,260 (2,320) 2,505
Decrease in accrued expenses (7,736) (1,668) (75)
(Decrease)/ Increase in amounts due to related parties (14,541) 27,505 0
Increase/ (Decrease) in deferred revenue 17,743 (1,310) 213
(Increase)/ Decrease in amounts due from related parties (53,420) 20,581 17,528
Payments for dry dock and special survey costs (49,786) (24,021) (22,928)
Operating lease liabilities short and long-term 0 (1,048) (418)
Net cash provided by operating activities 277,173 94,086 70,395
INVESTING ACTIVITIES:      
Net cash proceeds from sale of vessels 121,080 8,183 5,978
Acquisition of/ additions to vessels, net of cash acquired (217,032) (72,417) (21,166)
Deposits for acquisition/ option to acquire vessel (61,848) (10,685) (2,533)
Cash acquired from business acquisitions 42,676 0 0
Repayments of notes receivable 8,872 4,687 4,687
Loans receivable from affiliates 0 0 (4,000)
Payable to affiliated company 0 (13,622) 0
Net cash used in investing activities (106,252) (83,854) (17,034)
FINANCING ACTIVITIES:      
Cash distributions paid (4,615) (7,872) (13,550)
Net proceeds from issuance of general partner units 9,960 47 8
Net proceeds from issuance of common units 198,495 2,231 0
Proceeds from long-term debt and financial liabilities 735,276 79,475 386,530
Repayment of long-term debt and financial liabilities (959,154) (82,672) (448,215)
Payments of deferred finance costs (12,165) (1,115) (4,688)
Acquisition of treasury stock 0 0 (4,499)
Net cash used in financing activities (32,203) (9,906) (84,414)
Increase/ (decrease) in cash, cash equivalents and restricted cash 138,718 326 31,053
Cash, cash equivalents and restricted cash, beginning of period 30,728 30,402 61,455
Cash, cash equivalents and restricted cash, end of period 169,446 30,728 30,402
Supplemental disclosures of cash flow information      
Cash interest paid 50,382 23,717 32,869
Non cash financing activities      
Debt assumed for the acquisition of four drybulk vessels 0 0 (37,000)
Non cash investing activities      
Accrued interest on loan receivable from affiliates 0 0 281
Loans receivable from affiliates 0 (9,992) (15,205)
Acquisition of vessels $ (5,766) $ 37,999 $ 96,461