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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES      
Net income (loss) $ 229,086 $ (242,372) $ 87,317
Non-cash items:      
Depreciation and amortization 99,033 106,084 117,212
Write-down / sale of vessels (8,888) 92,368 69,446
Unrealized (gain) loss on derivative instruments (note 11) (3,163) (1,432) 1,458
Equity income (loss) (note 5) (244) 14,107 (5,100)
Income tax (recovery) expense (note 21) 529 (1,931) 7,283
Other 4,217 2,001 5,232
Change in operating assets and liabilities (note 16) (112,224) (47,985) 89,920
Expenditures For Dry Docking (14,423) (26,974) (24,655)
Net operating cash flow 193,265 (107,312) 347,943
FINANCING ACTIVITIES      
Proceeds from short-term debt (note 8) 134,000 50,000 235,000
Prepayments of short-term debt (note 8) (159,000) (35,000) (275,000)
Proceeds from long-term debt, net of issuance costs (note 9) 0 221,167 574,872
Scheduled repayments of long-term debt (note 9) (56,914) (11,229) (13,174)
Prepayments of long-term debt (note 9) (267,592) (135,000) (882,495)
Proceeds from financing related to sales and leaseback of vessels, net of issuance costs (note 10) 288,108 140,226 0
Scheduled repayments of obligations related to finance leases (note 10) (50,636) (23,873) (25,149)
Prepayment of obligations related to finance leases (note 10) 0 (184,115) (29,596)
Other (1,014) (225) (562)
Net financing cash flow (113,048) 21,951 (416,104)
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) 69,646 58,090 85,892
Expenditures for vessels and equipment (15,430) (21,447) (16,025)
Net investing cash flow 51,216 38,143 74,517
Increase (decrease) in cash, cash equivalents and restricted cash 131,433 (47,218) 6,356
Cash, cash equivalents and restricted cash, beginning of the year 55,928 103,146 96,790
Cash, cash equivalents and restricted cash, end of the year (note 16c) 187,361 55,928 103,146
Increase (Decrease) in Notes Receivable, Related Parties (3,000) (1,500) (4,650)
Freight Tax [Member] [Member]      
Non-cash items:      
Income tax (recovery) expense (note 21) $ (129) $ (3,109) $ 7,113