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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 9,287 $ 22,072
Adjustments to reconcile net income to net cash provided by operating activities:    
Vessel depreciation and amortization (Note 4) 36,999 37,070
Amortization and write off of deferred financing costs 972 485
Amortization of above market acquired charters (Note 5) 8,278 7,744
Equity compensation expense (Note 9) 466 578
Changes in operating assets and liabilities:    
Trade accounts receivable, net (2,491) 358
Prepayments and other assets (758) 351
Inventories (4,851) 383
Trade accounts payable 6,488 3,511
Due to related parties (530) (6,439)
Accrued liabilities 1,308 468
Deferred revenue (6,532) (3,206)
Dry-docking costs paid (677) (1,055)
Net cash provided by operating activities 47,959 62,320
Cash flows from investing activities:    
Vessel acquisitions and improvements including time charter agreements (Note 4) (40,499) (1,386)
Proceeds from sale of vessel 29,400 0
Net cash used in investing activities (11,099) (1,386)
Cash flows from financing activities:    
Proceeds from issuance of Partnership units (Note 8) 0 5,120
Expenses paid for issuance of Partnership units 0 (120)
Deferred financing costs paid (94) (14)
Payments of long-term debt (Note 6) (40,799) (8,677)
Dividends paid (Note 8) (26,300) (25,619)
Net cash used in financing activities (67,193) (29,310)
Net (decrease) / increase in cash, cash equivalents and restricted cash (30,333) 31,624
Cash, cash equivalents and restricted cash at beginning of period 81,297 124,678
Cash, cash equivalents and restricted cash at end of period 50,964 156,302
Supplemental cash flow information    
Cash paid for interest 11,747 12,547
Non-Cash Investing and Financing Activities    
Offering expenses included in liabilities 0 113
Capital expenditures included in liabilities 808 941
Sale of vessel expenses included in liabilities 538 0
Capitalized dry docking costs included in liabilities 1,097 86
Assumption of loan regarding the acquisition of the shares of the companies owning the M/T Aristaios and the M/T Anikitos (Notes 4, 6) 43,958 0
Reconciliation of Cash, cash equivalents and restricted cash    
Cash and cash equivalents 32,464 138,302
Restricted cash - Current assets 1,011 0
Restricted cash - Non-current assets 17,489 18,000
Cash, cash equivalents and restricted cash at end of period $ 50,964 $ 156,302