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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:      
Net income/(loss) $ (20,400,686) $ (1,441,815) $ 129,688,382
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:      
Depreciation and amortization 65,329,951 65,057,487 42,591,942
Amortization of financing costs 7,506,509 3,709,421 2,499,185
Unrealized (gain)/loss on derivatives (8,421,531) (27,491,333) 8,917,503
Stock-based compensation expense 5,138,489 4,385,911 4,052,249
Loss on disposal of assets     1,125,395
Gain on early extinguishment of debt (4,117,364)    
Unrealized foreign currency (gain)/loss, net (63,761) 222,281 96,550
Other non-cash items 144,545 305,774 138,588
Changes in operating assets and liabilities      
Trade receivables, net and accrued revenue (325,132) 96,287 22,739,907
Prepaid expenses and other receivables (579,981) 343,902 (467,158)
Due from related parties 15,576,280 9,847,359 (71,717,616)
Inventories 567,835 (292,669) 1,087,686
Other non-current assets (10,171) 19,802 2,175
Trade accounts payable (561,808) 743,993 1,044,595
Accrued expenses and other liabilities (2,406,945) (1,172,349) 9,045,077
Due to related parties 334,353 (697,048) 183,040
Payments for drydocking costs (461,480) (1,533,235)  
Net cash provided by operating activities 57,249,103 52,103,768 151,027,500
Cash flows from investing activities:      
Capital expenditures (297,534) (1,911,182) (895,063,383)
Restricted cash deposits (11,010,780) (64,146) (17,602,789)
Restricted cash released 36,022,222 2,789  
Proceeds from disposal of assets     2,713,660
Payments to acquire other fixed assets (139,503) (8,483) (462,329)
Net cash provided by/(used in) investing activities 24,574,405 (1,981,022) (910,414,841)
Cash flows from financing activities:      
Proceeds from long-term debt borrowings 261,000,000   676,819,873
Repayment of long-term debt borrowings (251,994,382) (66,265,644) (40,794,928)
Purchase of treasury stock (1,220,535) (12,953,453) (20,943,816)
Financing costs paid (3,113,425) (99,785) (13,990,720)
Net cash provided by/(used in) financing activities 4,671,658 (79,318,882) 601,090,409
Effects of exchange rates on cash and cash equivalents (8,042) (197,274) (112,289)
Net increase/(decrease) in cash and cash equivalents 86,487,124 (29,393,410) (158,409,221)
Cash and cash equivalents at the beginning of the period 17,018,552 46,411,962 204,821,183
Cash and cash equivalents at the end of the period 103,505,676 17,018,552 46,411,962
Supplemental disclosure of cash flow information      
Cash paid during the period for interest excluding interest capitalized to vessels 27,958,102 $ 24,537,376 8,354,474
Predelivery costs for vessels and vessels under construction included in liabilities     $ 1,040,189
Financing costs included in liabilities $ 142,434