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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
4 Months Ended 5 Months Ended 12 Months Ended
Jul. 31, 2017
Dec. 31, 2017
Dec. 31, 2019
Dec. 31, 2018
Operating activities:        
Net loss $ (1,646,909) $ (38,726) $ (141,219) $ (171,771)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:        
Reorganization items (non-cash) 1,368,882      
Depreciation and amortization 47,447 20,131 77,045 51,332
Amortization of deferred drydocking and survey costs   206 24,886 6,961
Amortization of debt premiums and discounts   (715) (4,877) (1,856)
Provision for deferred income taxes (5,543)   672 572
Gain on asset dispositions, net (3,561) (6,616) (2,263) (10,624)
Impairment of due from affiliate       20,083
Long-lived asset impairments and other 184,748 16,777 37,773 61,132
Loss on debt extinguishment       8,119
Changes in investments in, at equity, and advances to unconsolidated companies (4,252) (4,531) 1,039 28,177
Compensation expense – stock based 1,707 3,731 19,603 13,406
Changes in operating assets and liabilities, net:        
Trade and other receivables 6,286 2,312 1,086 9,088
Changes in due to/from affiliate, net 1,301 (2,373) 22,193 28,644
Marine operating supplies 88 1,229 2,425 (1,955)
Other current assets (1,840) 10,305 (4,120) 10,893
Accounts payable 8,157 (1,259) (4,438) (15,174)
Accrued expenses 17,245 (24,896) 8,189 (13,489)
Accrued property and liability losses (822) (176)   141
Other current liabilities (2,337) (4,026) 3,008 1,332
Other liabilities and deferred credits 2,884 (1,089) 1,270 (2,023)
Deferred drydocking and survey costs   (3,414) (70,437) (25,968)
Other, net 4,932 (2,416) (3,258) 6,921
Net cash provided by (used in) operating activities (21,587) (35,546) (31,423) 3,941
Cash flows from investing activities:        
Proceeds from sales of assets 2,172 32,742 28,847 46,115
Additions to properties and equipment (2,265) (9,834) (17,998) (21,391)
Payments related to novated construction contract 5,272      
Cash and cash equivalents from stock based merger       43,806
Net cash provided by investing activities 5,179 22,908 10,849 68,530
Cash flows from financing activities:        
Principal payments on long-term debt (5,124) (1,176) (133,693) (105,169)
Premium paid for redemption of secured notes     (11,402)  
Cash payments to General Unsecured Creditors (122,806) (93,719)   (8,377)
Loss on debt extinguishment       (8,119)
Cash received for issuance of common stock   2   3
Tax on share-based award     (4,467) (4,400)
Other (1,200)     (2,000)
Net cash used in financing activities (129,130) (94,893) (149,562) (128,062)
Net change in cash, cash equivalents and restricted cash (145,538) (107,531) (170,136) (55,591)
Cash, cash equivalents and restricted cash at beginning of period 706,404 560,866 397,744 453,335
Cash, cash equivalents and restricted cash at end of period 560,866 453,335 227,608 397,744
Cash paid during the year for:        
Interest, net of amounts capitalized 1,577 8,223 32,687 32,326
Income taxes $ 4,740 $ 4,654 $ 14,378 16,828
Supplemental disclosure of noncash investing activities:        
Merger with GulfMark       285,492
Supplemental disclosure of noncash financing activities:        
Common stock issued for GulfMark merger       $ 285,492