XML 18 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities:    
Net loss $ (50,211)  
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 22,572  
Amortization of deferred drydocking and survey costs 2,230  
Amortization of debt premium and discounts (900)  
Gain on asset dispositions, net (3,257)  
Asset impairments [1] 7,401  
Changes in investments in, at equity, and advances to unconsolidated companies 27,881  
Compensation expense - stock-based 6,139  
Changes in assets and liabilities, net:    
Trade and other receivables (15,097)  
Changes in due to/from related parties, net 19,869  
Marine operating supplies (711)  
Other current assets 8,752  
Accounts payable 1,709  
Accrued expenses (6,652)  
Accrued property and liability losses 205  
Other current liabilities 5,590  
Other liabilities 11  
Cash paid for deferred drydocking and survey costs (13,394)  
Other, net 4,846  
Net cash provided by operating activities 16,983  
Cash flows from investing activities:    
Proceeds from sales of assets 12,968  
Additions to properties and equipment (5,775)  
Net cash provided by (used in) investing activities 7,193  
Cash flows from financing activities:    
Principal payment on long-term debt (2,637)  
Payments to General Unsecured Creditors (8,377)  
Other (1,998)  
Net cash used in financing activities (13,012)  
Net change in cash, cash equivalents and restricted cash 11,164  
Cash, cash equivalents and restricted cash at beginning of period 453,335  
Cash, cash equivalents and restricted cash at end of period 464,499  
Cash paid during the period for:    
Interest, net of amounts capitalized 16,134  
Income taxes $ 10,083  
Predecessor    
Operating activities:    
Net loss   $ (611,382)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Reorganization items   308,011
Depreciation and amortization   73,879
Provision for deferred income taxes   (7,743)
Gain on asset dispositions, net   (9,253)
Asset impairments [1]   228,280
Changes in investments in, at equity, and advances to unconsolidated companies   (9,163)
Compensation expense - stock-based   (562)
Excess tax liability on stock option activity   4,927
Changes in assets and liabilities, net:    
Trade and other receivables   57,701
Changes in due to/from related parties, net   22,983
Marine operating supplies   (922)
Other current assets   (22,668)
Accounts payable   (15,384)
Accrued expenses   17,870
Accrued property and liability losses   (816)
Other current liabilities   (1,216)
Other liabilities   3,135
Other, net   9,110
Net cash provided by operating activities   46,787
Cash flows from investing activities:    
Proceeds from sales of assets   3,072
Additions to properties and equipment   (9,982)
Proceeds related to novated vessel construction contract   5,272
Net cash provided by (used in) investing activities   (1,638)
Cash flows from financing activities:    
Principal payment on long-term debt   (5,048)
Other   (6,127)
Net cash used in financing activities   (11,175)
Net change in cash, cash equivalents and restricted cash   33,974
Cash, cash equivalents and restricted cash at beginning of period   649,804
Cash, cash equivalents and restricted cash at end of period   683,778
Cash paid during the period for:    
Interest, net of amounts capitalized   8,651
Income taxes   5,778
Supplemental disclosure of non-cash investing activities:    
Additions to properties and equipment   $ 282
[1] Refer to Note (14) for additional information regarding asset impairment.