XML 12 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
UNAUDITED CONSOLIDATED STATEMENTS OF CASHFLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES    
Net (loss) income $ (158,983) $ 52,602
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 39,149 35,815
Amortization of deferred tax benefits on intra-group transfers (1,715) (1,744)
Amortization of deferred charges and guarantees [1] 12,439 (2,427)
Gain on disposals to Golar Partners 0 (103,540)
Equity in net loss (earnings) of affiliates 5,563 (40,171)
Dividends received 26,689 25,678
Drydocking expenditure 0 (10,405)
Compensation cost related to stock options 2,784 3,500
Loss on sale of vessel 0 5,824
Impairment of vessel held-for-sale 0 1,032
Net foreign exchange loss 821 1,601
Impairment of long-term assets 1,706 0
Impairment of loan receivable 7,627 0
Restricted cash and short-term receivables (217) 0
Change in assets and liabilities, net of effects from the sale of the Golar Eskimo:    
Trade accounts receivable (2,493) (3,611)
Inventories 2,648 (421)
Prepaid expenses, accrued income and other assets 19,903 (26,463)
Amounts due from/to related companies 12,093 (3,545)
Trade accounts payable (57,051) 627
Accrued expenses and deferred income 11,390 11,735
Other liabilities 18,443 (22,267)
Net cash used in operating activities (59,204) (76,180)
INVESTING ACTIVITIES    
Additions to vessels and equipment (13,259) (727)
Additions to newbuildings (19,220) (392,423)
Additions to assets under development (74,282) (64,499)
Repayment of short-term loan granted to third party 0 400
Loans granted (including related parties) (1,000) 0
Repayment of short-term loan granted to Golar Partners 0 20,000
Proceeds from disposal of business to Golar Partners, net of cash disposed (including repayments on related vendor financing loans granted) 107,247 126,872
Proceeds from disposal of investment in available-for-sale securities 0 207,428
Restricted cash and short-term receivables (5,430) 39,064
Net cash used in investing activities (5,944) (83,885)
FINANCING ACTIVITIES    
Proceeds from short-term and long-term debt (including related parties) 305,817 557,065
Repayments of short-term and long-term debt (including related parties) (164,357) (121,716)
Financing costs paid (4,429) (10,997)
Cash dividends paid (45,061) (80,892)
Purchase of treasury shares (8,214) 0
Restricted cash and short-term receivables (59,123) 0
Proceeds from exercise of share options 0 23
Net cash provided by financing activities 24,633 343,483
Net (decrease) increase in cash and cash equivalents (40,515) 183,418
Cash and cash equivalents at beginning of period 105,235 191,410
Cash and cash equivalents at end of period 64,720 374,828
LNG Abuja    
INVESTING ACTIVITIES    
Acquisition of LNG Abuja $ 0 $ (20,000)
[1] This includes the amortization in relation to the Golar Grand charter-back guarantee obligation. Refer to note 16(c) for additional details.