XML 57 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Unaudited Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
OPERATING ACTIVITIES    
Net income $ 65,939 $ 26,048
Non-cash items:    
Unrealized loss (gain) on derivative instruments (note 10) 15,647 (3,776)
Depreciation and amortization 49,306 44,520
Unrealized foreign currency exchange loss (4,670) 29,730
Equity based compensation 22 165
Equity income (28,134) (11,504)
Amortization of deferred debt issuance costs and other 243 1,512
Change in operating assets and liabilities (6,733) 17,023
Accrued interest 124 186
Expenditures for dry docking (2,972) (7,185)
Net operating cash flow 88,772 96,719
FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt 395,352 100,640
Debt issuance costs (1,808)  
Scheduled repayments of long-term debt (42,200) (38,129)
Prepayments of long-term debt (119,274) (173,000)
Scheduled repayments of capital lease obligations and other long-term liabilities (5,040) (4,983)
Proceeds from follow-on offering net of offering costs   161,682
Advances to and from affiliates (3,600) 1,443
Increase in restricted cash (30,511) (3,227)
Cash distributions paid (93,636) (78,238)
Purchase of Skaugen Multigas Subsidiary   (55,313)
Repayment of joint venture partners' advances   (59)
Other (50) (128)
Net financing cash flow 99,233 (89,312)
INVESTING ACTIVITIES    
Purchase of equity investment in MALT LNG Carriers (note 13) (150,999)  
Purchase of equity investment in the fourth Angola LNG Carrier (note 9d) (19,068)  
Receipts from direct financing leases 2,992 2,867
Expenditures for vessels and equipment (1,010) (16,821)
Repayments from joint venture 830  
Other 539  
Net investing cash flow (166,716) (13,954)
Increase (decrease) in cash and cash equivalents 21,289 (6,547)
Cash and cash equivalents, beginning of the period 93,627 81,055
Cash and cash equivalents, end of the period $ 114,916 $ 74,508