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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
OPERATING ACTIVITIES:    
Net income $ 211,473 $ 203,825
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of intangible assets 108,255 84,550
Amortization of unfavorable lease terms (12,910) (39,426)
Non-cash amortization of deferred revenue and straight line 29,248 23,452
Amortization of operating lease assets/ liabilities 5,146 (422)
Amortization and write-off of deferred finance costs and  discount 3,618 2,677
Amortization of deferred dry dock and special survey costs 18,865 12,922
Gain on sale of vessel, net (43,601) 0
Stock-based compensation 2 82
Changes in operating assets and liabilities:    
Decrease/ (increase) in accounts receivable 43,566 (18,022)
Decrease/ (increase) in prepaid expenses and other current assets 9,248 (28,470)
Increase in amounts due from related parties (1,765) (15,779)
Payments for dry dock and special survey costs (40,856) (26,246)
(Decrease)/ increase in accounts payable (7,971) 8,429
Increase in accrued expenses 7,846 3,556
Increase in deferred revenue 2,930 239
Decrease in amounts due to related parties (104,751) (64,204)
Net cash provided by operating activities 228,343 147,163
INVESTING ACTIVITIES:    
Net cash proceeds from sale of vessels 215,839 0
Deposits for acquisition/ option to acquire vessel (113,600) (55,586)
Acquisition of/ additions to vessels (70,574) (6,274)
Net cash provided by/ (used in) investing activities 31,665 (61,860)
FINANCING ACTIVITIES:    
Cash distributions paid (3,080) (3,082)
Repayment of long-term debt and financial liabilities (635,795) (210,314)
Payments of deferred finance costs (12,227) (1,964)
Proceeds from long-term debt and financial liabilities 486,048 135,235
Net cash used in financing activities (165,054) (80,125)
Increase in cash, cash equivalents and restricted cash 94,954 5,178
Cash, cash equivalents and restricted cash, beginning of   period 175,098 169,446
Cash, cash equivalents and restricted cash, end of period 270,052 174,624
Supplemental disclosures of cash flow information    
Cash interest paid 72,992 25,464
Non cash financing activities    
Stock-based compensation 2 82
Financial and finance lease liabilities 173,010 0
Non cash investing activities    
Acquisition of vessels (201,129) 0
Deposits for acquisition/ option to acquire vessel (see Note 11) $ 0 $ 6,316