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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net income $ 109,527,470 $ 16,432,531
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment 0  
Depreciation and amortization 26,697,882 9,467,720
Amortization of financing costs 1,553,730 693,733
Unrealized gain on derivatives (3,665,324) (1,637,646)
Stock-based compensation expense 3,050,819 1,524,802
Loss on disposal of assets 105,549  
Unrealized exchange differences 322,455 954,774
Other non-cash items 61,323 731,689
Changes in operating assets and liabilities    
Trade receivables, net and accrued revenue 10,305,211 (8,144,265)
Prepaid expenses and other receivables (2,253,247) (1,194,116)
Due from related parties (73,632,993) 1,322,149
Inventories 1,252,001 (2,404,584)
Other non-current assets (8) (97,439)
Trade accounts payable 3,386,722 3,177,894
Accrued expenses and other liabilities 6,241,601 1,102,233
Due to related parties 32,127 403,903
Payments for drydocking costs   (538,941)
Net cash provided by operating activities 82,985,318 21,794,437
Cash flows from investing activities:    
Payments for vessels and vessels under construction (839,065,088) (294,777,414)
Restricted cash deposits (16,502,789) (1,500,000)
Restricted cash released   30,938,702
Proceeds from disposal of assets 136,660  
Payments to acquire other fixed assets (443,417) (185,336)
Net cash used in investing activities (855,874,634) (265,524,048)
Cash flows from financing activities:    
Proceeds from long-term debt borrowings 634,648,196  
Repayment of long-term debt borrowings (20,939,276) (6,084,500)
Proceeds from common shares issuances   155,830,178
Purchase of treasury stock (10,070,645)  
Financing costs paid (13,210,445)  
Payments relating to issuance costs   (1,388,918)
Net cash provided by financing activities 590,427,830 148,356,760
Effects of exchange rates on cash and cash equivalents (324,778) (954,774)
Net decrease in cash and cash equivalents (182,786,264) (96,327,625)
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 $ 22,034,919 $ 182,804,170