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Condensed consolidated statements of cash flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
[1]
Cash flows from operating activities:    
Profit for the period $ 58,576 $ 61,986
Adjustments for:    
Depreciation 36,604 36,464
Financial costs 30,293 29,066
Financial income (1,107) (373)
Unrealized loss/(gain) on derivatives held for trading (7,371) 1,209
Share-based compensation 498 371
Adjusted Profit Loss 117,493 128,723
Movements in working capital 5,915 (9,025)
Cash provided by operations 123,408 119,698
Interest paid (25,519) (25,921)
Net cash provided by operating activities 97,889 93,777
Cash flows from investing activities:    
Payments for vessels' additions (13,590) (700)
Financial income received 928 374
Purchase of short-term investments (18,000) 0
Maturity of short-term investments 5,000 7,500
Net cash provided by/(used in) investing activities (25,662) 7,174
Cash flows from financing activities:    
Borrowings drawdowns 0 60,000
Borrowings repayments (119,757) (120,129)
Payment of loan issuance costs (68) (1,499)
Proceeds from public offerings and issuances of common units and general partner units (net of underwriting discounts and commissions) 960 89,649
Proceeds from issuance of preference units (net of underwriting discounts and commissions) 111,544 139,222
Payment of offering costs (662) (336)
Cash payment to GasLog in exchange for contribution of net assets (19,086) (66,643)
Distributions paid (57,193) (39,670)
Net cash provided by/(used in) financing activities (84,262) 60,594
Increase/(decrease) in cash and cash equivalents (12,035) 161,545
Cash and cash equivalents, beginning of the period 146,721 [2] 59,875
Cash and cash equivalents, end of the period 134,686 221,420
Non-Cash Investing and Financing Activities:    
Capital expenditures included in liabilities at the end of the period 16,666 2,499
Offering costs included in liabilities at the end of the period 88 955
Issuance of common units to GasLog in exchange for contribution of net assets $ 45,000 $ 0
[1] Restated so as to reflect the historical financial statements of GAS-eleven Ltd., GAS-thirteen Ltd., GAS-eight Ltd. and GAS-fourteen Ltd., acquired on May 3, 2017, July 3, 2017, October 20, 2017 and April 26, 2018, respectively, from GasLog (Note 1).
[2] Restated so as to reflect the historical financial statements of GAS-fourteen Ltd., acquired on April 26, 2018 from GasLog Ltd. (“GasLog”) (Note 1).