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Consolidated statements of cash flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Profit for the year $ 138,709 $ 118,986 $ 5,726
Adjustments for:      
Depreciation 98,472 87,490 85,493
Impairment loss on vessels 142 32,471 103,977
Loss/(gain) on disposal of vessels 1,033 (171) 630
Financial costs 67,060 47,639 37,297
Financial income (7,612) (2,363) (43)
Gain on derivatives (excluding realized gain on forward foreign exchange contracts held for trading) (1,447) (9,646) (2,496)
Share-based compensation 1,357 760 378
Adjusted profit 297,714 275,166 230,962
Decrease/(increase) in trade and other receivables (13,590) 361 5,109
Decrease/(increase) in inventories (18) 97 45
Change in related parties, net (17,530) 1,459 (3,330)
Decrease/ (increase) in prepayments and other current assets (2,314) (1,959) 978
Decrease/ (increase) in other non - current assets (1,833) (111) 142
Decrease in other non-current liabilities (1,111) (86) (482)
(Decrease)/increase in trade accounts payable 4,349 (366) (2,403)
Increase/(decrease) in other payables and accruals (3,269) 3,183 2,365
Net cash provided by operating activities 262,398 277,744 233,386
Cash flows from investing activities:      
Proceeds from sale of vessel and sale and lease-back, net 137,188 101,981 117,569
Payments for tangible fixed assets additions (15,169) (2,529) (19,443)
Payments for right-of-use assets (5,525) (16)  
Financial income received 7,943 1,974 43
Purchase of short-term cash deposits (58,000) (50,000) (2,500)
Maturity of short-term cash deposits 83,000 25,000 2,500
Net cash provided by investing activities 149,437 76,410 98,169
Cash flows from financing activities:      
Borrowings repayments (217,070) (168,585) (205,179)
Principal elements of lease payments (23,103) (12,242) (2,217)
Interest paid (69,791) (43,051) (42,239)
Release of cash collateral for interest rate swaps     280
Payment of loan issuance costs, net 359 (21)  
Proceeds from interest rate swaps termination 3,488    
Proceeds from public offerings of common units and issuances of general partner units (net of underwriting discounts and commissions)   16 10,205
Repurchases of common and preference units   (49,247) (18,388)
Payment of offering costs   (20) (346)
Distributions paid (including common and preference) (292,259) (29,101) (31,877)
Net cash used in financing activities (598,376) (302,251) (289,761)
Effects of exchange rate changes on cash and cash equivalents 306 689  
Increase/(decrease) in cash and cash equivalents (186,235) 52,592 41,794
Cash and cash equivalents, beginning of the year 198,122 145,530 103,736
Cash and cash equivalents, end of the year $ 11,887 $ 198,122 $ 145,530