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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended 12 Months Ended
Mar. 31, 2014
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:      
Net income $ 2,833,843 $ 129,688,382 $ 25,260,782
Adjustments to reconcile net income to net cash provided by operating activities:      
Impairment     1,431,818
Depreciation and amortization 6,620,372 42,591,942 14,093,744
Amortization of financing costs 800,806 2,499,185 830,899
Unrealized loss/(gain) on derivatives (2,623,456) 8,917,503 (1,331,954)
Stock-based compensation expense   4,052,249 2,311,565
Loss on disposal of assets   1,125,395  
Unrealized exchange differences (8,004) 96,550 1,244,394
Other non-cash items   138,588 489,039
Changes in operating assets and liabilities      
Trade receivables, net and accrued revenue (1,966,746) 22,739,907 (21,018,670)
Prepaid expenses and other receivables (343,047) (467,158) (1,437,501)
Due from related parties (1,639,497) (71,717,616) 1,252,754
Inventories 396,776 1,087,686 (2,317,430)
Other non-current assets   2,175 (97,446)
Trade accounts payable 1,799,616 1,044,595 2,731,828
Accrued expenses and other liabilities 2,043,523 9,045,077 2,306,631
Due to related parties (292,687) 183,040 411,705
Payments for drydocking costs (385,077)   (538,938)
Net cash provided by operating activities 7,236,422 151,027,500 25,623,220
Cash flows from investing activities:      
Payments for vessels and vessels under construction (172,237,529) (895,063,383) (314,173,298)
Net payments to acquire predecessor businesses (13,732,896)    
Restricted cash deposits (35,448,702) (17,602,789) (28,700,000)
Restricted cash released     30,938,702
Proceeds from disposal of assets   2,713,660  
Payments to acquire other fixed assets (15,597) (462,329) (392,248)
Net cash used in investing activities (221,434,724) (910,414,841) (312,326,844)
Cash flows from financing activities:      
Proceeds from long-term debt borrowings   676,819,873 80,086,143
Repayment of long-term debt borrowings (6,506,000) (40,794,928) (9,612,000)
Purchase of treasury stock   (20,943,816)  
Financing costs paid (1,516,847) (13,990,720) (11,220,812)
Cash proceeds from common share issuances 510,496,990   155,830,178
Payments relating to issuance costs (9,152,050)   (1,388,918)
Net cash provided by/(used in) financing activities 493,322,093 601,090,409 213,694,591
Effects of exchange rates on cash and cash equivalents 8,004 (112,289) (1,301,579)
Net increase/(decrease) in cash and cash equivalents 279,131,795 (158,409,221) (74,310,612)
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 279,131,795 46,411,962 204,821,183
Supplemental disclosure of cash flow information      
Cash paid during the period for interest excluding interest capitalized to vessels 517,646 8,354,474 69,323
Predelivery costs for vessels and vessels under construction included in liabilities 653,159 $ 1,040,189 1,211,534
Non cash consideration of shares issued to acquire Predecessor businesses and acquisitions of assets 187,495,680    
Financing costs included in liabilities     1,039,479
Issuance costs included in liabilities $ 549,966   $ 244,414