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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net (loss) / income $ (104) $ 38,483 $ 52,489
Adjustments to reconcile net (loss) / income to net cash provided by operating activities:      
Vessel depreciation and amortization (Note 5) 73,089 73,993 71,897
Amortization and write off of deferred financing costs 1,784 1,262 1,250
Amortization of above market acquired charters (Note 6) 16,890 15,208 14,542
Equity compensation expense (Note 13) 613 1,156 1,074
Impairment of vessels (Notes 5, 8) 28,805 3,282 0
Changes in operating assets and liabilities:      
Trade accounts receivable (11,354) (2,275) 183
Prepayments and other assets (4,888) 486 (600)
Inventories (3,219) (719) (354)
Trade accounts payable 5,495 2,764 (595)
Due to related parties 3,508 (1,861) (6,059)
Accrued liabilities 5,281 7,624 662
Deferred revenue (15,698) (11,299) 24,267
Dry docking costs paid (2,312) (1,130) (3,670)
Net cash provided by operating activities 97,890 126,974 155,086
Cash flows from investing activities:      
Vessel acquisitions and improvements including time charter agreements (Notes 5, 6) (44,265) (2,038) (90,782)
Net proceeds from sale of vessels 39,789 0 0
Net cash used in investing activities (4,476) (2,038) (90,782)
Cash flows from financing activities:      
Proceeds from issuance of Partnership units (Note 12) 0 17,815 4,546
Expenses paid for issuance of Partnership units 0 (247) (784)
Proceeds from issuance of long-term debt (Note 7) 0 0 35,000
Payments of long-term debt (Note 7) (73,818) (129,262) (17,354)
Deferred financing costs paid (94) (4,993) (31)
Dividends paid (Note 12) (52,600) (51,630) (68,193)
Net cash used in financing activities (126,512) (168,317) (46,816)
Net (decrease) / increase in cash, cash equivalents and restricted cash (33,098) (43,381) 17,488
Cash, cash equivalents and restricted cash at the beginning of the year 81,297 124,678 107,190
Cash, cash equivalents and restricted cash at the end of the year 48,199 81,297 124,678
Supplemental Cash Flow Information      
Cash paid for interest 24,952 19,646 23,763
Non-Cash Investing and Financing Activities      
Capital expenditures included in liabilities 547 312 1,383
Offering expenses included in liabilities 0 35 106
Deferred financing costs included in liabilities 0 79 0
Capitalized dry docking costs included in liabilities 480 11 1,141
Assumption of loans regarding the acquisition of the shares of the companies owning the M/T Aristaios, the M/T Anikitos and the M/T Amor (Notes 3, 5, 7) 43,958 0 15,750
Units issued to acquire Filonikis (Note 3) 0 0 911
Reconciliation of cash, cash equivalents and restricted cash      
Cash and cash equivalents 30,199 63,297 106,678
Restricted cash - Current assets 1,004 0  
Restricted cash - Non-current assets 16,996 18,000 18,000
Cash, cash equivalents and restricted cash at the end of the year $ 48,199 $ 81,297 $ 124,678