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Consolidated Consolidated Statements of Cash flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 125,421 $ 98,178 $ 30,367
Adjustments to reconcile net income to net cash provided by operating activities:      
Vessel depreciation and amortization (Note 5) 69,272 46,935 41,405
Amortization and write-off of deferred financing costs 2,766 3,122 3,047
Amortization / accretion of above / below market acquired charters (Note 6) 12,010 7,287 11,696
Gain on sale of vessels (Note 5) (47,275) (46,812) 0
Equity compensation expense (Note 13) 3,790 2,043 2,049
Change in fair value of derivatives (Note 8) 10,959 3,167 0
Unrealized bonds exchange differences (Note 7) (10,896) (3,374) 0
Unrealized cash, cash equivalents and restricted cash exchange differences (493) 0 0
Changes in operating assets and liabilities:      
Trade accounts receivable, net 3,923 (3,170) (165)
Prepayments and other assets (3,768) (201) (1,384)
Due from related party (3,636) 0 0
Inventories (1,808) (1,481) (2,057)
Claims (157) (696) 339
Trade accounts payable 380 (252) 3,779
Due to related parties (1,769) (472) (1,999)
Accrued liabilities 4,215 2,687 684
Deferred revenue 9,634 6,098 (1,005)
Dry-docking costs paid 0 (1,895) (6,074)
Net cash provided by operating activities 172,568 111,164 80,682
Cash flows from investing activities:      
Vessel acquisitions and improvements including time charter agreements (Notes 5, 6) (117,233) (368,096) (185,247)
Advances for vessels under construction – related party (Note 5) (24,000) 0 0
Net proceeds from sale of vessels (Note 5) 127,124 193,031 0
Net cash used in investing activities (14,109) (175,065) (185,247)
Cash flows from financing activities:      
Proceeds from long-term debt (Note 7) 206,276 204,266 270,850
Deferred financing costs paid (4,347) (6,131) (4,765)
Payments of long-term debt (Note 7) (218,954) (145,471) (153,573)
Repurchase of common units (Note 12) (5,911) (4,499) 0
Dividends paid (Note 12) (12,155) (7,613) (17,075)
Net cash (used in) / provided by financing activities (35,091) 40,552 95,437
Net increase / (decrease) in cash, cash equivalents and restricted cash 123,368 (23,349) (9,128)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 493 0 0
Cash, cash equivalents and restricted cash at the beginning of the year 30,987 54,336 63,464
Cash, cash equivalents and restricted cash at the end of the year 154,848 30,987 54,336
Supplemental cash flow information      
Cash paid for interest 49,179 15,750 15,347
Non-Cash Investing and Financing Activities      
Seller’s credit agreements in connection with the acquisition of vessel owning companies (Notes 5, 7) 0 16,000 0
Financing arrangements and credit facility assumed in connection with the acquisition of vessel owning companies (Notes 5, 7) 0 866,344 0
Issuance of common units in connection with the acquisition of vessel owning companies (Notes 5, 12) 0 15,277 0
Re-issuance of treasury units in connection with the acquisition of a vessel owning company (Notes 5, 12) 6,583 0 0
Capital expenditures included in liabilities 1,663 1,008 2,507
Capitalized dry-docking costs included in liabilities 29 123 1,649
Deferred financing costs included in liabilities 220 112 6
Expenses for sale of vessels included in liabilities (Note 5) 1,300 1,984 0
Reconciliation of cash, cash equivalents and restricted cash      
Cash and cash equivalents 144,635 20,373 47,336
Restricted cash - Non-current assets 10,213 10,614 7,000
Total cash, cash equivalents and restricted cash shown in the statements of cash flows $ 154,848 $ 30,987 $ 54,336