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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:    
Net income/(loss) $ (3,397,085) $ 109,527,470
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:    
Depreciation and amortization 48,944,183 26,697,882
Amortization of financing costs 2,820,407 1,553,730
Unrealized gain on derivatives (26,539,650) (3,665,324)
Stock-based compensation expense 3,238,940 3,050,819
Loss on disposal of assets   105,549
Unrealized exchange differences 346,165 322,455
Other non-cash items 256,630 61,323
Changes in operating assets and liabilities    
Trade receivables, net and accrued revenue (1,274,994) 10,305,211
Prepaid expenses and other receivables 168,632 (2,253,247)
Due from related parties 27,610,954 (73,632,993)
Inventories (598,164) 1,252,001
Other non-current assets 1,854 (8)
Trade accounts payable (1,460,727) 3,386,722
Accrued expenses and other liabilities (227,353) 6,241,601
Due to related parties (151,846) 32,127
Payments for drydocking costs (533,096)  
Net cash provided by operating activities 49,204,850 82,985,318
Cash flows from investing activities:    
Payments for vessels and vessels under construction (1,755,832) (839,065,088)
Restricted cash deposits   (16,502,789)
Proceeds from disposal of assets   136,660
Payments to acquire other fixed assets (7,029) (443,417)
Net cash used in investing activities (1,762,861) (855,874,634)
Cash flows from financing activities:    
Proceeds from long-term debt borrowings   634,648,196
Repayment of long-term debt borrowings (48,646,448) (20,939,276)
Purchase of treasury stock (12,953,453) (10,070,645)
Financing costs paid (99,785) (13,210,445)
Net cash (used in)/provided by financing activities (61,699,686) 590,427,830
Effects of exchange rates on cash and cash equivalents (314,626) (324,778)
Net decrease in cash and cash equivalents (14,572,323) (182,786,264)
Cash and cash equivalents at the beginning of the period 46,411,962 204,821,183
Cash and cash equivalents at the end of the period $ 31,839,639 $ 22,034,919