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Consolidated Statements of Cash flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities of continuing operations:      
Net income / (loss) from continuing operations $ 30,367 $ 24,421 $ (7,611)
Adjustments to reconcile net income / (loss) to net cash provided by operating activities of continuing operations:      
Vessel depreciation and amortization (Note 6) 41,405 29,261 32,813
Amortization and write off of deferred financing costs 3,047 1,096 1,359
Amortization of above market acquired charters (Note 7) 11,696 14,380 14,380
Equity compensation expense (Note 14) 2,049 907 613
Impairment of vessel 0 0 28,805
Changes in operating assets and liabilities:      
Trade accounts receivable (165) 13,436 (11,354)
Prepayments and other assets (1,384) (1,195) 855
Inventories (2,057) 45 1,147
Claims 339 (1,085) 0
Trade accounts payable 3,779 (9,406) 4,074
Due to related parties (1,999) (12,486) 3,508
Accrued liabilities 684 (9,558) 1,648
Deferred revenue (1,005) (3,585) (10,059)
Dry docking costs paid (6,074) (954)
Net cash provided by operating activities of continuing operations 80,682 45,277 60,178
Cash flows from investing activities of continuing operations:      
Vessel acquisitions and improvements including time charter agreements (Note 6) (185,247) (6,519) (2,428)
Net proceeds from sale of vessels 39,789
Net cash (used in) / provided by investing activities of continuing operations (185,247) (6,519) 37,361
Cash flows from financing activities of continuing operations:      
Proceeds from long-term debt (Note 8) 270,850 0 0
Payments of long-term debt (Note 8) (153,573) (32,733) (55,283)
Deferred financing costs paid (4,765) (788) (72)
Redemption of Class B unit holders (Note 13) 0 (116,850) 0
Dividends paid (Note 13) (17,075) (28,771) (52,600)
Net cash provided by / (used in) financing activities of continuing operations 95,437 (179,142) (107,955)
Net decrease in cash, cash equivalents and restricted cash from continuing operations (9,128) (140,384) (10,416)
Cash flows from discontinued operations      
Operating activities 0 8,905 37,712
Investing activities 0 (1,484) (41,837)
Financing activities 0 158,228 (18,557)
Net increase / (decrease) in cash, cash equivalents and restricted cash from discontinued operations 0 165,649 (22,682)
Net (decrease) / increase in cash, cash equivalents and restricted cash (9,128) 25,265 (33,098)
Cash, cash equivalents and restricted cash at the beginning of the year 63,464 38,199 71,297
Cash, cash equivalents and restricted cash at the end of the year 54,336 63,464 38,199
Supplemental cash flow information      
Cash paid for interest 15,347 20,138 24,952
Non-Cash Investing and Financing Activities      
Capital expenditures included in liabilities 2,507 15,004 547
Capitalized dry docking costs included in liabilities 1,649 2,560 480
Deferred financing costs included in liabilities 6 0 0
Assumption of loans regarding the acquisition of the shares of the companies owning the M/T Aristaios and the M/T Anikitos included in discontinued operations 0 0 43,958
Reconciliation of cash, cash equivalents and restricted cash      
Cash and cash equivalents 47,336 57,964 21,203
Restricted cash - Non-current assets 7,000 5,500 16,996
Total cash, cash equivalents and restricted cash shown in the statements of cash flows $ 54,336 $ 63,464 $ 38,199