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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 (loss) income $ (242,372) $ 87,317 $ 41,362
Non-cash items:      
Depreciation and amortization 106,084 117,212 124,002
Write-down / sale of vessels 92,368 69,446 5,544
Unrealized (gain) loss on derivative instruments (note 11) (1,432) 1,458 5,247
Equity loss (income) (note 5) 14,107 (5,100) (2,345)
Income tax (recovery) expense (note 21) (1,931) 7,283 20,103
Other 2,001 5,232 4,044
Change in operating assets and liabilities (note 16) (47,985) 89,920 (30,432)
Expenditures For Dry Docking (26,974) (24,655) (48,250)
Net operating cash flow (107,312) 347,943 117,661
FINANCING ACTIVITIES      
Proceeds from short-term debt (note 8) 50,000 235,000 200,000
Prepayments of short-term debt (note 8) (35,000) (275,000) (150,000)
Proceeds from long-term debt, net of issuance costs (note 9) 221,167 574,872 57,086
Scheduled repayments of long-term debt (note 9) (11,229) (13,174) (101,107)
Prepayments of long-term debt (note 9) (135,000) (882,495) (135,110)
Proceeds from financing related to sales and leaseback of vessels, net of issuance costs (note 10) 140,226 0 63,720
Scheduled repayments of obligations related to finance leases (note 10) (23,873) (25,149) (24,221)
Prepayment of obligations related to finance leases (note 10) (184,115) (29,596) 0
Other (225) (562) (126)
Net financing cash flow 21,951 (416,104) (89,758)
INVESTING ACTIVITIES      
Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents   2,100  
Proceeds from the sale of assets (2020 - net of cash sold of $2.1 million) (note 19) 58,090 85,892 20,008
Expenditures for vessels and equipment (21,447) (16,025) (11,628)
Loan repayments from equity-accounted joint venture (note 5) 1,500 4,650 0
Net investing cash flow 38,143 74,517 8,380
(Decrease) increase in cash, cash equivalents and restricted cash (47,218) 6,356 36,283
Cash, cash equivalents and restricted cash, beginning of the year 103,146 96,790 60,507
Cash, cash equivalents and restricted cash, end of the year (note 16c) 55,928 103,146 96,790
Freight Tax [Member] [Member]      
Non-cash items:      
Income tax (recovery) expense (note 21) $ (3,109) $ 7,113 $ 18,489