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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
 6 Months Ended
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Cash Flows from Operating Activities:    
Net Income $ 61,649 $ 1,520
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities    
Depreciation and Amortization of Deferred Charges 20,457 20,141
Amortization of Debt Issuance Costs (Note 8) 1,104 718
Compensation Cost on Restricted Stock (Note 7(g)) 4,931 3,399
Provision for Credit Loss 133  
Dividend Income (Note 2(d)) (100)  
Loss on Sale of Vessels   203
Loss on Extinguishment of Debt   158
(Gain)/Loss from Equity Method Investments (Note 2(c)) (767) 198
(Increase) / Decrease in Operating Assets    
Accounts Receivable, Trade (3,067) 2,112
Due from Related Parties 854 (329)
Inventories (121) 1,077
Prepaid Expenses and Other Assets (267) 944
Other Noncurrent Assets (904) (220)
Increase / (Decrease) in Operating Liabilities    
Accounts Payable 858 520
Due to Related Parties 193 313
Accrued Liabilities 3,029 (2,980)
Deferred Revenue 1,973 1,048
Other Non-current Liabilities (50) 11
Drydock Costs (9,068) (1,391)
Net Cash Provided by Operating Activities 80,837 27,442
Cash Flows from Investing Activities:    
Payments to Acquire Vessels and Vessel Improvements (Note 3) (22,733) (684)
Advances from Related Parties (Note 2(d)) 4,400 23,158
Payments to joint venture (Note 2(c))   (250)
Payments to Acquire Furniture and Fixtures (Note 4) (436) (149)
Net Cash Provided by/(Used in) Investing Activities (18,769) 22,075
Cash Flows from Financing Activities:    
Proceeds from Issuance of Long-Term Debt and Finance Liability (Note 5) 2,218 100,819
Proceeds from issuance of Common Stock, Net of Expenses (Note 7(e)) 4,980  
Proceeds from issuance of Preferred Stock, Net of Expenses   264
Payments of Dividends, Preferred Stock (Note 7(b)) (2,884) (2,884)
Payments of Dividends, Common Stock (Note 7(f)) (38,839)  
Payments for Repurchase of Common Stock (Note 7(e)) (928) (15,136)
Payments of Financing Costs (Note 5) (513) (7,453)
Repayments of Long-Term Debt and Finance Liability (Note 5) (22,548) (53,041)
Net Cash Provided by / (Used in) Financing Activities (58,514) 22,569
Cash, Cash Equivalents and Restricted Cash, Period Increase 3,554 72,086
Cash, Cash Equivalents and Restricted Cash, Beginning Balance 126,788 82,909
Cash, Cash Equivalents and Restricted Cash, Ending Balance 130,342 154,995
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and Cash Equivalents 112,842 136,495
Restricted Cash, Current 500  
Restricted Cash, Non-current 17,000 18,500
Cash, Cash Equivalents and Restricted Cash, Total 130,342 154,995
SUPPLEMENTAL CASH FLOW INFORMATION    
Transfer to Investments (Note 3) 1,370 441
Non-cash Acquisition of Assets (Note 3) 47,558  
Non-cash Finance Liability 47,782  
Interest paid $ 8,581 $ 10,354