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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
OPERATING ACTIVITIES      
Net income $ 217,510 $ 218,927 $ 213,315
Non-cash items:      
Unrealized (gain) loss on derivative instruments (note 13) (12,375) 2,096 (22,568)
Depreciation and amortization 92,253 94,127 97,884
Unrealized foreign currency exchange (gain) loss (notes 10 and 13) (22,876) (34,079) 16,019
Equity income, net of dividends received of $97,146 (2014 - $11,005 and 2013 - $13,738) 12,975 (104,473) (109,544)
Amortization of deferred debt issuance costs and other (3,214) 9,148 5,551
Change in operating assets and liabilities (note 15a) (34,187) 18,822 10,078
Expenditures for dry docking (10,357) (13,471) (27,203)
Net operating cash flow 239,729 191,097 183,532
FINANCING ACTIVITIES      
Proceeds from issuance of long-term debt 391,574 944,123 719,300
Scheduled repayments of long-term debt (126,557) (100,804) (86,609)
Prepayments of long-term debt (90,000) (608,501) (270,000)
Debt issuance costs (2,856) (6,431) (3,362)
Scheduled repayments and prepayments of capital lease obligations (4,423) (479,115) (10,315)
Proceeds from equity offerings, net of offering costs (note 16) 35,374 182,139 190,520
(Increase) decrease in restricted cash (30,321) 448,914 27,761
Cash distributions paid (255,519) (240,525) (215,416)
Novation of derivative liabilities (note 12e)   2,985  
Dividends paid to non-controlling interest (1,629) (42,716) (373)
Net financing cash flow (84,357) 100,069 351,506
INVESTING ACTIVITIES      
Purchase of and additional capital contributions in equity accounted investments (note 15h) (25,852) (100,200) (135,790)
Loan repayments from (advances to) equity accounted joint ventures 23,744 631 (16,822)
Receipts from direct financing leases 15,837 17,200 11,641
Expenditures for vessels and equipment (note 15f) (191,969) (188,855) (368,163)
Increase in restricted cash (34,290)    
Other   216  
Net investing cash flow (212,530) (271,008) (509,134)
(Decrease) increase in cash and cash equivalents (57,158) 20,158 25,904
Cash and cash equivalents, beginning of the year 159,639 139,481 113,577
Cash and cash equivalents, end of the year $ 102,481 $ 159,639 $ 139,481