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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net income $ 82,078,573 $ 228,206,715
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 52,039,031 51,082,082
Non-cash lease expense 24,099,375 21,280,972
Amortization of financing costs 934,640 927,988
Unrealized loss on derivatives 3,139,248 1,650,452
Stock-based compensation expense 8,975,905 6,340,485
Unrealized foreign currency loss, net 111,686 217,774
Other non-cash items, net 953,768 (2,964,462)
Changes in operating assets and liabilities    
Trade receivables, inventories, prepaid expenses, and other current and non-current assets 229,943 (2,276,574)
Due from related parties (22,362,577) (41,888,640)
Operating lease liabilities - current and long-term (24,099,934) (20,375,268)
Trade accounts payable (17,466) (115,232)
Accrued expenses and other liabilities (466,208) (1,588,974)
Due to related parties 2,283,789 (9,045)
Payments for drydocking costs (5,082,075) (6,279,438)
Net cash provided by operating activities 122,817,698 234,208,835
Cash flows from investing activities:    
Payments for vessels under construction and vessel capital expenditures (5,672,793) (7,951,447)
Purchase of investment securities (213,592) (5,978,390)
Proceeds from sale of investment securities   4,029,944
Proceeds from maturity of available-for-sale debt securities 1,800,000  
Net cash used in investing activities (4,086,385) (9,899,893)
Cash flows from financing activities:    
Repayment of long-term debt borrowings (40,115,911) (39,793,164)
Repurchase of common stock (4,259,668) (2,773,696)
Dividends paid (126,620,555) (121,924,216)
Proceeds from common share issuances 89,000,000  
Equity offering costs paid (4,590,638)  
Net cash used in financing activities (86,586,772) (164,491,076)
Effects of exchange rates on cash and cash equivalents (122,672) (153,980)
Net increase in cash, cash equivalents, and restricted cash 32,021,869 59,663,886
Cash, cash equivalents, and restricted cash at the beginning of the period 282,583,769 148,873,650
Cash, cash equivalents, and restricted cash at the end of the period 314,605,638 208,537,536
Supplemental disclosure of cash flow information    
Cash paid for interest excluding interest capitalized to vessels 25,927,772 28,850,983
Cash paid for operating leases 31,885,110 31,317,200
Capitalized drydocking costs included in liabilities 1,191,865 735,747
Vessel-related capital expenditures included in liabilities 194,185 1,563,580
Unpaid dividends included in liabilities 757,516 893,155
Financing costs included in liabilities 663,600 1,112,750
Reconcilliation of cash and cash equivalents and restricted cash reported within the consolidated balance sheets to the total amount of such items reported in the statements of cash flows:    
Cash and cash equivalents 314,532,172 208,460,209
Restricted cash - non-current 73,466 77,327
Cash and cash equivalents and restricted cash at end of period shown in the statement of cash flows $ 314,605,638 $ 208,537,536