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UNAUDITED CONSOLIDATED STATEMENTS OF CASHFLOWS
$ in Thousands
6 Months Ended
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
OPERATING ACTIVITIES    
Net income/(loss) $ 570,439 $ (214,676)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:    
Depreciation and amortization 52,999 54,222
Amortization of deferred charges and guarantees, net 1,311 3,173
Equity in net losses of affiliates (157) 261
Dividends received from discontinued operations   0
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest (568,164) 177,040
Dry-docking expenditure (1,591) (7,543)
Compensation cost related to employee stock awards 1,881 2,771
Net foreign exchange losses 627 302
Change in fair value of investment in listed equity securities 86,664 0
Change in fair value of other derivative instruments (16,804) 48,575
Changes in assets and liabilities:    
Trade accounts receivable 3,543 6,907
Inventories 339 (2,443)
Other current and non-current assets 8,154 (9,127)
Amounts due to/from related companies (9,157) (6,642)
Trade accounts payable (2,557) 2,818
Accrued expenses (4,678) 6,009
Other current and non-current liabilities 68,991 (55,849)
Net cash provided by operating activities 110,650 45,878
Net Cash Provided by (Used in) Investing Activities, Continuing Operations [Abstract]    
Additions to vessels and equipment (925) (3,529)
Additions to assets under development (168,392) (155,236)
Additions to investments in affiliates (8,625) (8,042)
Proceeds from subscription of equity interest in Gimi MS Corporation 12,812 0
Net cash used in continuing investing activities (165,130) (166,807)
Net Cash Provided by (Used in) Investing Activities, Discontinued Operations [Abstract]    
Additions to investments in affiliates (8,625) (8,042)
Dividends received   0
Short-term loan advanced to related parties   0
Proceeds from repayment of short-term loan advanced to related parties   0
Net cash provided by discontinued investing activities 122,063 6,794
FINANCING ACTIVITIES    
Proceeds from short-term and long-term debt 121,363 511,375
Repayments of short-term and long-term debt (102,972) (511,792)
Cash dividends paid (16,702) (9,762)
Financing costs paid (3,776) (4,252)
Purchase of treasury shares (17,828) (16,650)
Net cash used in financing activities (19,915) (31,081)
Net increase/(decrease) in cash, cash equivalents and restricted cash 47,668 (145,216)
Cash, cash equivalents and restricted cash at beginning of period 290,872 410,412
Cash, cash equivalents and restricted cash at end of period 338,540 265,196
Supplemental Cash Flow Information [Abstract]    
Cash and cash equivalents 207,272 128,661
Restricted cash and short-term deposits 58,421 75,106
Restricted cash (non-current portion) 72,847 61,429
Cash, cash equivalents, restricted cash and restricted cash equivalents 338,540 265,196
Discontinued Operations    
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:    
Dividends received from discontinued operations 0 460
Net Cash Provided by (Used in) Investing Activities, Continuing Operations [Abstract]    
Additions to investments in affiliates 0 (2,410)
Net Cash Provided by (Used in) Investing Activities, Discontinued Operations [Abstract]    
Additions to investments in affiliates 0 (2,410)
Dividends received 460 9,204
Net proceeds from disposals of investments in affiliates 121,603 0
Short-term loan advanced to related parties 0 (40,000)
Proceeds from repayment of short-term loan advanced to related parties 0 40,000
Oil Derivative    
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:    
Change in fair value of other derivative instruments $ (81,190) $ 39,620