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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Dec. 31, 2014
Jul. 09, 2014
Dec. 31, 2015
Dec. 31, 2013
Cash flows from operating activities:        
Net loss $ (213,358)   $ (254,368)  
Adjustments to reconcile net loss to net cash used in operating activities:        
Goodwill impairment 166,067      
Depreciation and amortization 36,714   79,556  
Amortization of deferred financing costs 845   2,379  
Amortization of time charters acquired 450      
Amortization of nonvested stock compensation expense 20,405   42,136  
Impairment of vessel assets 0   39,893  
Loss on disposal of vessels     900  
Impairment of investment 0   37,877  
Realized loss on sale of investment     724  
Change in assets and liabilities:        
Decrease (increase) in due from charterers (1,545)   4,153  
Decrease (increase) in prepaid expenses and other current assets 8,343   1,181  
Increase (decrease) in accounts payable and accrued expenses (39,170)   1,883  
(Decrease) increase in deferred revenue 400   (339)  
Increase in lease obligations 390   759  
Deferred drydock costs incurred (6,376)   (12,820)  
Net cash used in operating activities (26,835)   (56,086)  
Cash flows from investing activities:        
Purchase of vessels, including deposits (24,473)   (66,590)  
Purchase of other fixed assets (208)   (770)  
Sale of AFS securities     706  
Changes in deposits of restricted cash (19,420)   9,880  
Net cash used in investing activities (44,101)   (56,774)  
Cash flows from financing activities:        
Payment of dividend by subsidiary (1,025)      
Cash settlement of non-accredited Note holders (484)   (777)  
Payment of deferred financing costs (2,322)   (7,003)  
Net cash provided by financing activities 18,273   150,520  
Net increase (decrease) in cash and cash equivalents (52,663)   37,660  
Cash and cash equivalents at beginning of period 136,077   83,414  
Cash and cash equivalents at end of period 83,414 $ 136,077 121,074  
Secured Debt | $100 Million Term Loan Facility        
Cash flows from financing activities:        
Repayments on Term Loan Facility (3,846)   (7,692)  
Secured Debt | $253 Million Term Loan Facility        
Cash flows from financing activities:        
Repayments on Term Loan Facility (5,075)   (20,300)  
Proceeds from credit facility     253,000  
Secured Debt | $44 Million Term Loan Facility        
Cash flows from financing activities:        
Repayments on Term Loan Facility (1,375)   (2,750)  
Secured Debt | $22 Million Term Loan Facility        
Cash flows from financing activities:        
Repayments on Term Loan Facility (750)   (1,500)  
Secured Debt | 2014 Term Loan Facilities        
Cash flows from financing activities:        
Repayments on Term Loan Facility     (2,081)  
Proceeds from Term Loan Facility 33,150      
Revolving credit facility | 2015 Revolving Credit Facility        
Cash flows from financing activities:        
Proceeds from credit facility     56,218  
Line of Credit facility | $98 Million Credit Facility        
Cash flows from financing activities:        
Proceeds from credit facility     98,271  
Line of Credit facility | $148 Million Credit Facility        
Cash flows from financing activities:        
Proceeds from credit facility     148,000  
Repayment of line of credit facility     (7,616)  
Line of Credit facility | 2010 Credit Facility        
Cash flows from financing activities:        
Repayment of line of credit facility     $ (102,250)  
Predecessor        
Cash flows from operating activities:        
Net loss   (1,013,250)   $ (157,021)
Adjustments to reconcile net loss to net cash used in operating activities:        
Non-cash reorganization items and fresh-start reporting adjustments, net   880,408    
Depreciation and amortization   75,952   140,743
Amortization of deferred financing costs   4,461   9,116
Amortization of time charters acquired   (68)   (334)
Amortization of discount on Convertible Senior Notes   1,592   4,963
Receipt of stock in lieu of cash payment       (100)
Interest expense related to the de-designation of the interest rate swap   1,048    
Unrealized loss on derivative instruments       4
Amortization of nonvested stock compensation expense   4,352   4,482
Impairment of vessel assets   0   0
Impairment of investment   0   0
Change in assets and liabilities:        
Decrease (increase) in due from charterers   1,047   (2,527)
Decrease (increase) in prepaid expenses and other current assets   (11,735)   (919)
Increase (decrease) in accounts payable and accrued expenses   32,534   2,765
(Decrease) increase in deferred revenue   (600)   273
Increase in lease obligations   195   143
Deferred drydock costs incurred   (9,253)   (4,732)
Net cash used in operating activities   (33,317)   (3,144)
Cash flows from investing activities:        
Purchase of vessels, including deposits   (29,995)   (145,350)
Purchase of other fixed assets   (415)   (1,205)
Changes in deposits of restricted cash   (125)    
Net cash used in investing activities   (30,535)   (146,555)
Cash flows from financing activities:        
Payment of dividend by subsidiary   (2,046)   (1,589)
Proceeds from Rights Offering   100,000    
Proceeds from issuance of common stock by subsidiary       136,980
Payment of common stock issuance costs by subsidiary   (111)   (706)
Payment of deferred financing costs   (4,515)   (1,489)
Net cash provided by financing activities   77,207   199,821
Net increase (decrease) in cash and cash equivalents   13,355   50,122
Cash and cash equivalents at beginning of period $ 136,077 122,722   72,600
Cash and cash equivalents at end of period   136,077   122,722
Predecessor | Secured Debt | $100 Million Term Loan Facility        
Cash flows from financing activities:        
Repayments on Term Loan Facility   (3,846)    
Predecessor | Secured Debt | $253 Million Term Loan Facility        
Cash flows from financing activities:        
Repayments on Term Loan Facility   (10,150)    
Predecessor | Secured Debt | $44 Million Term Loan Facility        
Cash flows from financing activities:        
Repayments on Term Loan Facility   (1,375)    
Proceeds from Term Loan Facility       44,000
Predecessor | Secured Debt | $22 Million Term Loan Facility        
Cash flows from financing activities:        
Repayments on Term Loan Facility   $ (750)   (375)
Proceeds from Term Loan Facility       22,000
Predecessor | Line of Credit facility | 2010 Credit Facility        
Cash flows from financing activities:        
Proceeds from credit facility       $ 1,000