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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 54,866,147 $ 7,435,926
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 13,160,982 5,501,080
Amortization of financing costs 634,500 505,184
Unrealized (gain)/loss on derivatives 3,724,545 (1,657,052)
Stock-based compensation expense 1,761,988 766,523
Loss on disposal of assets 105,549  
Unrealized exchange differences 169,497 352,866
Other non-cash items 42,391 412,890
Changes in operating assets and liabilities    
Trade receivables, net and accrued revenue 11,184,405 (6,396,978)
Prepaid expenses and other receivables (463,697) (913,932)
Due from related parties (40,597,949) 1,230,238
Inventories 136,927 (2,586,644)
Other non-current assets 22 (70,795)
Trade accounts payable (455,188) 2,055,008
Accrued expenses and other liabilities 2,561,642 1,251,154
Due to related parties 9,931 370,615
Payments for drydocking costs   (338,973)
Net cash provided by operating activities 46,841,692 7,917,110
Cash flows from investing activities:    
Payments for vessels and vessels under construction (477,333,533) (184,129,520)
Restricted cash deposits (8,802,789)  
Restricted cash released   30,938,702
Proceeds from disposal of assets 136,660  
Payments to acquire other fixed assets (299,312) (126,701)
Net cash used in investing activities (486,298,974) (153,317,519)
Cash flows from financing activities:    
Proceeds from long-term debt borrowings 338,291,681  
Repayment of long-term debt borrowings (10,346,896) (4,806,000)
Proceeds from common shares issuances   155,830,178
Purchase of treasury stock (4,315,562)  
Financing costs paid (8,466,998)  
Payments relating to issuance costs   (1,388,918)
Net cash provided by financing activities 315,162,225 149,635,260
Effects of exchange rates on cash and cash equivalents (181,650) (352,866)
Net (decrease)/increase in cash and cash equivalents (124,476,707) 3,881,985
Cash and cash equivalents at the beginning of the period 204,821,183 279,131,795
Cash and cash equivalents at the end of the period $ 80,344,476 $ 283,013,780