XML 13 R6.htm IDEA: XBRL DOCUMENT v3.6.0.2
UNAUDITED CONSOLIDATED STATEMENTS OF CASHFLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
OPERATING ACTIVITIES    
Net loss $ (176,380) $ (95,399)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 56,146 54,191
Amortization of deferred tax benefits on intra-group transfers (1,715) (2,616)
Amortization of deferred charges and guarantees, net 14,037 (2,454)
Gain on disposal to Golar Partners 0 (103,539)
Loss on disposal of Golar Power 12,184 0
Equity in net earnings of affiliates (10,118) (42,140)
Dividends received 40,166 39,474
Drydocking expenditure 0 (10,405)
Stock-based compensation 3,193 3,611
Loss on sale of vessel 0 5,824
Impairment of vessel held-for-sale 0 1,032
Net foreign exchange gain 707 1,883
Impairment of long-term assets 1,706 0
Impairment of loan receivable 7,627 15,010
Restricted cash and short-term receivables 13,354 0
Change in assets and liabilities, net of effects from the disposal of Golar Power and the disposal of the Golar Eskimo to Golar Partners:    
Trade accounts receivable (1,822) (2,845)
Inventories 2,021 1,831
Prepaid expenses, accrued income and other assets 18,833 (1,869)
Amounts due from/to related companies 12,734 (9,540)
Trade accounts payable (28,137) (2,410)
Accrued expenses and deferred income (7,953) 17,222
Other liabilities (3,645) 41,575
Net cash used in operating activities (47,062) (91,564)
INVESTING ACTIVITIES    
Additions to vessels and equipment (13,893) (3,633)
Additions to newbuildings (19,220) (405,331)
Additions to assets under development (129,161) (80,985)
Additions to investment in affiliates (10,200) (5,023)
Acquisition of vessel 0 (20,000)
Proceeds from disposal of fixed assets 0 18,987
Investment in subsidiary, net of cash acquired 0 (16)
Repayment of short-term loan granted to third party 0 400
Loans granted (including related parties) (1,000) (1,000)
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
Net proceeds from disposal of Golar Power 113,000 0
Proceeds from partial disposal of interests in investments in affiliates 0 207,428
Restricted cash and short-term receivables 9,774 (843)
Net cash provided by (used in) investing activities 56,547 (143,144)
FINANCING ACTIVITIES    
Proceeds from short-term and long-term debt (including related parties) 355,817 570,077
Repayments of short-term and long-term debt (including related parties) (184,912) (138,299)
Financing costs paid (7,395) (11,290)
Cash dividends paid (49,743) (121,359)
Purchase of treasury shares (8,214) 0
Restricted cash and short-term receivables (82,369) (33,012)
Proceeds from exercise of share options 0 23
Net cash provided by financing activities 23,184 266,140
Net increase in cash and cash equivalents 32,669 31,432
Cash and cash equivalents at beginning of period 105,235 191,410
Cash and cash equivalents at end of period $ 137,904 $ 222,842