CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Cash Flows from Operating Activities:
Net loss	$ (167,762)	$ (36,860)	[1]
Items included in net loss not affecting cash flows:
Depreciation and amortization	43,271	49,262
Amortization of deferred gain on sale and leasebacks	42	(3,363)
Amortization of debt discount and other deferred financing costs	0	1,071
Compensation relating to restricted stock and stock option grants	(1,782)	2,107
Deferred income tax benefit	(9,704)	(3,575)
Unrealized gains on forward freight agreements and bunker swaps	0	(2,022)
Undistributed earnings of affiliated companies	(6,719)	1,932
Deferred payment obligations on charters-in	1,377	1,392
Reorganization items, non-cash	177,213	0
Gain on sublease contracts	(344)	0
Other - net	1,252	1,344
Items included in net loss related to investing and financing activities:
Loss/(gain) on sale of securities and other investments - net	303	(1,018)
Loss/(gain) on disposal of vessels - net	22	(106)
Payments for drydocking	(3,834)	(10,829)
Changes in operating assets and liabilities	34,096	10,136
Net cash provided by operating activities	67,431	9,471
Cash Flows from Investing Activities:
Long-term investments	0	(26)
Proceeds from sale of marketable securities and investments	179	109
Expenditures for vessels	(12,203)	(29,343)
Deposit received for disposal of vessel	472	0
Expenditures for other property	(278)	(527)
Other - net	(81)	472
Net cash used in investing activities	(11,911)	(29,315)
Cash Flows from Financing Activities:
Purchases of treasury stock	(42)	(283)
Issuance of debt, net of issuance costs and deferred finance costs	0	229,000
Payments on debt, including adequate protection payments	(6,202)	(50,515)
Issuance of common stock upon exercise of stock options	0	103
Other - net	0	15
Net cash (used in)/provided by financing activities	(6,244)	178,320
Net increase in cash and cash equivalents	49,276	158,476
Cash and cash equivalents at beginning of year	507,342	54,877
Cash and cash equivalents at end of period	$ 556,618	$ 213,353

[1] Net loss has been restated for the three months ended March 31, 2012 as more fully described in Note 2.