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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES:    
Net income $ 274,263 $ 111,674
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 164,612 159,430
Amortization of unfavorable lease terms (3,586) (5,792)
Other non-cash adjustments (12,430) (4,764)
Amortization of operating lease assets/ liabilities (373) (373)
Amortization and write-off of deferred finance costs and bond premium 3,771 3,899
(Gain)/ loss on sale of vessels, net (41,536) 329
Changes in operating assets and liabilities:    
(Increase)/ decrease in accounts receivable (16,461) 12,098
(Increase)/ decrease in prepaid expenses and other current assets (14,782) 2,184
Decrease in amounts due from related parties (including current and non-current portion) 0 34,958
Payments for drydock and special survey costs (45,524) (77,215)
(Decrease)/ increase in accounts payable (7,265) 866
Increase in accrued expenses 3,430 5,105
Decrease in deferred revenue (3,567) (3,755)
Increase in amounts due to related parties 12,737 39,536
Net cash provided by operating activities 313,289 278,180
INVESTING ACTIVITIES:    
Net cash proceeds from sale of vessels 122,978 33,717
Other investments (105,997) 903
Deposits for acquisition/ option to acquire vessel (254,174) (109,905)
Acquisition of/ additions to vessels (213,974) (193,365)
Net cash used in investing activities (451,167) (268,650)
FINANCING ACTIVITIES:    
Cash distributions paid (3,204) (3,004)
Repayment of long-term debt, finance lease and financial liabilities (211,259) (245,735)
Payments of deferred finance costs (1,540) (5,271)
Proceeds from long-term debt, finance lease and financial liabilities 292,900 345,314
Proceeds from issuance of senior unsecured bonds 30,825 0
Acquisition of treasury units (20,000) (23,000)
Net cash provided by financing activities 87,722 68,304
(Decrease)/ increase in cash, cash equivalents and restricted cash (50,156) 77,834
Cash, cash equivalents and restricted cash, beginning of period 402,969 299,789
Cash, cash equivalents and restricted cash, end of period 352,813 377,623
Supplemental disclosures of cash flow information    
Cash interest paid 63,286 65,539
Non cash financing activities    
Financial and finance lease liabilities 32,579 0
Non cash investing activities    
Deposits for acquisition/ option to acquire vessel 174,384 287,381
Acquisition of/ additions to vessels $ (242,904) $ (287,381)