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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows from Operating Activities:      
Net income / (loss) $ (458,177) $ (11,723) $ 1,850
Adjustments to reconcile net loss to net cash provided by/(used in) operating activities:      
Depreciation 82,070 37,150 16,061
Amortization of fair value of above market acquired time charters (Note 7) 9,540 6,113 6,352
Amortization of deferred finance charges (Note 8) 2,732 681 522
Amortization of deferred gain (Note 5) (22) 0 0
Loss on debt extinguishment (Note 8) 974 652 0
Loss on time-charter agreement termination (Note 7) 2,114 0 0
Impairment loss (Note 19) 321,978 0 0
Loss on sale of vessel (Note 5) 20,585 0 87
Stock-based compensation (Note 13) 2,684 5,834 1,488
Non-cash effects of derivatives (Note 19) (121) 1,717 (91)
Other non-cash charges 38 66 38
Bad debt expense 0 215 0
Gain from insurance claim 0 (237) (1,030)
Gain from bargain purchase (Note 1) 0 (12,318) 0
Write-off of liability in other operational gain (non cash gain) (Note 10) 0 (1,361) 0
Equity in income of investee (Note 3) (210) (106) 0
(Increase) / Decrease in:      
Trade accounts receivable 13,876 (16,057) 2,766
Inventories 121 (5,409) 1,887
Prepaid expenses and other current assets (8,497) (2,328) (131)
Due from related parties (964) 287 (339)
Increase / (Decrease) in:      
Accounts payable (5,276) 1,995 (1,626)
Due to related parties (1,744) (449) 297
Accrued liabilities 1,465 6,713 350
Due to managers 2,291 0 0
Deferred revenue (35) 1,384 (986)
Net cash provided by/(used in) Operating Activities (14,578) 12,819 27,495
Cash Flows provided by/(used in) Investing Activities:      
Advances for vessels under construction and acquisition of vessels and other assets (473,917) (518,447) (127,814)
Cash paid for above market acquired time charters (Note 7) 0 (4,856) 0
Cash proceeds from vessel sale (Note 5) 70,300 1,100 8,267
Long term investment (Note 3) 0 (200) 0
Cash received from Merger & Pappas Transaction (Note 1) 0 96,268 0
Hull and Machinery Insurance proceeds 309 550 4,265
Proceeds from cancellation of vessels under construction 5,800 0 0
Decrease in restricted cash 4,500 35 7,664
Increase in restricted cash (4,525) (11,525) 0
Net cash provided by/(used in) Investing Activities (397,533) (437,075) (107,618)
Cash Flows provided by/(used in) Financing Activities:      
Proceeds from bank loans and 8.00% 2019 Notes 373,993 637,207 0
Loan prepayments and repayments (244,529) (173,986) (33,780)
Financing fees paid (13,094) (6,513) (271)
Proceeds from issuance of common stock 418,771 0 150,905
Offering expenses paid related to the issuance of common stock (974) 0 (4,883)
Net cash provided by/(used in) Financing Activities 534,167 456,708 111,971
Net increase in cash and cash equivalents 122,056 32,452 31,848
Cash and cash equivalents at beginning of year 86,000 53,548 21,700
Cash and cash equivalents at end of the year 208,056 86,000 53,548
Cash paid during the year for:      
Interest, net of amount capitalized $ 29,813 $ 5,803 $ 6,156