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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 17,440 $ 45,567
Adjustments to reconcile net income to net cash provided by operating activities:    
Vessel depreciation and amortization (Note 5) 40,053 36,032
Impairment of vessel (Note 5) 7,956 0
Amortization and write-off of deferred financing costs 1,483 1,053
Amortization / accretion of above / below market acquired charters (Note 6) 1,520 5,956
Amortization of ineffective portion of derivatives (156) 0
Equity compensation expense (Note 10) 1,864 1,162
Change in fair value of derivatives (Note 8) (3,213) 12,252
Unrealized bonds exchange differences 2,989 (14,138)
Changes in operating assets and liabilities:    
Trade accounts receivable, net (1,433) 2,337
Prepayments and other assets 3,763 (1,099)
Due from related party 3,636 0
Inventories 574 (823)
Claims 685 322
Trade accounts payable 2,271 1,309
Due to related parties 4,559 1,847
Accrued liabilities 6,387 413
Deferred revenue 1,146 (1,498)
Net cash provided by operating activities 91,524 90,692
Cash flows from investing activities:    
Vessel acquisitions, including time charters attached, and improvements (Note 5) (455,791) (1,108)
Advances for vessels under construction – related party (Notes 4, 5) 0 (30,000)
Expenses related to the sale of vessels paid 0 (1,984)
Net cash used in investing activities (455,791) (33,092)
Cash flows from financing activities:    
Proceeds from long-term debt (Note 7) 392,000 0
Deferred financing costs paid (3,444) (121)
Payments of long-term debt (Note 7) (64,487) (44,997)
Repurchase of common units (Note 9) (3,846) (2,935)
Dividends paid (Note 9) (6,151) (6,061)
Net cash provided by / (used in) financing activities 314,072 (54,114)
Net (decrease) / increase in cash, cash equivalents and restricted cash (50,195) 3,486
Cash, cash equivalents and restricted cash at beginning of period 154,848 30,987
Cash, cash equivalents and restricted cash at end of period 104,653 34,473
Supplemental cash flow information    
Cash paid for interest 45,140 20,585
Non-Cash Investing and Financing Activities    
Capital expenditures included in liabilities 12,207 692
Capitalized dry-docking costs included in liabilities 5,176 29
Deferred financing costs included in liabilities 410 0
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 92,936 23,869
Restricted cash - non-current assets 11,717 10,604
Total cash, cash equivalents and restricted cash shown in the statements of cash flows $ 104,653 $ 34,473