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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities of continuing operations:    
Net income from continuing operations $ 15,265 $ 7,164
Adjustments to reconcile net income to net cash provided by operating activities of continuing operations:    
Vessel depreciation and amortization (Note 6) 14,475 17,175
Amortization of deferred financing costs 543 740
Amortization of above market acquired charters (Note 7) 7,131 7,131
Equity compensation expense 0 466
Changes in operating assets and liabilities:    
Trade accounts receivable, net 8,739 (2,491)
Prepayments and other assets 644 (799)
Insurance claims (230) 0
Inventories 29 (270)
Trade accounts payable (5,726) 6,488
Due to related parties (15,542) (530)
Accrued liabilities (8,024) 1,308
Deferred revenue (4,525) (5,151)
Net cash provided by operating activities of continuing operations 12,779 31,231
Cash flows from investing activities of continuing operations:    
Vessel improvements (Note 6) (2,974) (277)
Proceeds from sale of vessel 0 29,400
Net cash (used in) / provided by investing activities of continuing operations (2,974) 29,123
Cash flows from financing activities of continuing operations:    
Deferred financing costs paid (770) (72)
Payments of long-term debt (Note 8) (17,326) (31,077)
Redemption of Class B unit holders (Note 10) (116,850) 0
Dividends paid (Note 10) (17,099) (26,300)
Net cash used in financing activities of continuing operations (152,045) (57,449)
Net (decrease) / increase in cash, cash equivalents and restricted cash from continuing operations (142,240) 2,905
Cash flows from discontinued operations    
Operating activities 9,247 16,728
Investing activities (374) (40,222)
Financing activities 158,228 (9,744)
Net increase / (decrease) in cash, cash equivalents and restricted cash from discontinued operations 167,101 (33,238)
Net increase / (decrease) in cash, cash equivalents and restricted cash 24,861 (30,333)
Cash, cash equivalents and restricted cash at beginning of period 38,199 71,297
Cash, cash equivalents and restricted cash at end of period 63,060 40,964
Supplemental cash flow information    
Cash paid for interest 12,202 11,747
Non-Cash Investing and Financing Activities    
Capital expenditures included in liabilities 275 808
Capitalized dry docking costs included in liabilities 11 1,097
Assumption of loan regarding the acquisition of the shares of the companies owning the M/T Aristaios and the M/T Anikitos included in discontinued operations 0 43,958
Sale of vessel expenses included in liabilities 0 538
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 57,560 23,475
Restricted cash - Non-current assets 5,500 17,489
Cash, cash equivalents and restricted cash at end of period $ 63,060 $ 40,964