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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES:    
Net income $ 203,825 $ 236,592
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of intangible assets 84,550 35,207
Amortization of unfavorable lease terms (39,426) (42,026)
Non-cash amortization of deferred revenue and straight line 23,452 (1,418)
Amortization of operating lease assets/ liabilities (422) (61)
Amortization and write-off of deferred finance costs and discount 2,677 1,568
Amortization of deferred dry dock and special survey costs 12,922 6,883
Loss on sale of vessels 0 511
Bargain gain 0 (44,053)
Equity in net earnings of affiliated companies 0 (80,839)
Stock-based compensation 82 234
Changes in operating assets and liabilities:    
Increase in accounts receivable (18,022) (1,430)
Increase in prepaid expenses and other current assets (28,470) (12,521)
(Increase)/ decrease in amounts due from related parties (15,779) 5,000
Increase in accounts payable 8,429 688
Increase in accrued expenses 3,556 5,487
Increase in deferred revenue 239 5,900
Decrease in amounts due to related parties (64,204) (17,324)
Payments for dry dock and special survey costs (26,246) (21,149)
Net cash provided by operating activities 147,163 77,249
INVESTING ACTIVITIES:    
Net cash proceeds from sale of vessels 0 32,692
Deposits for acquisition/ option to acquire vessel (55,586) (4,965)
Cash acquired from merger with Navios Containers 0 10,282
Acquisition of/ additions to vessels, net of cash acquired (6,274) (180,419)
Repayments of notes receivable 0 8,872
Net cash used in investing activities (61,860) (133,538)
FINANCING ACTIVITIES:    
Cash distributions paid (3,082) (1,706)
Net proceeds from issuance of general partner units 0 7,531
Net proceeds from issuance of common units 0 172,938
Repayment of long-term debt and financial liabilities (210,314) (260,372)
Payments of deferred finance costs (1,964) (3,327)
Proceeds from long-term debt and financial liabilities 135,235 343,350
Net cash (used in)/ provided by financing activities (80,125) 258,414
Increase in cash, cash equivalents and restricted cash 5,178 202,125
Cash, cash equivalents and restricted cash, beginning of period 169,446 30,728
Cash, cash equivalents and restricted cash, end of period 174,624 232,853
Supplemental disclosures of cash flow information    
Cash interest paid 25,464 12,275
Non-cash financing activities    
Stock-based compensation 82 234
Non-cash investing activities    
Deposits for acquisition/ option to acquire vessel (see Note 12) 6,316 0
Acquisition of vessels $ 0 $ (5,766)