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v3.5.0.2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 6 Months Ended
--- | ---
Jun. 30, 2016 | Jun. 30, 2015
Cash flows from operating activities: |  |
Net loss | $ (165,138) | $ (131,066)
Adjustments to reconcile net loss to net cash used in operating activities: |  |
Depreciation and amortization | 40,025 | 38,809
Amortization of deferred financing costs | 1,458 | 1,051
Amortization of nonvested stock compensation expense | 10,928 | 24,823
Impairment of vessel assets | 69,278 | 35,396
Loss on sale of vessel assets | 77 | 900
Impairment of investment | 2,696 | 0
Realized loss on sale of investment | 92 |
Change in assets and liabilities: |  |
Decrease in due from charterers | 2,337 | 283
Decrease (increase) in prepaid expenses and other current assets | 2,131 | (200)
(Decrease) increase in accounts payable and accrued expenses | (4,338) | 7,075
(Decrease) increase in deferred revenue | (63) | 1
Increase in lease obligations | 360 | 399
Deferred drydock costs incurred | (1,073) | (7,301)
Net cash used in operating activities | (41,230) | (29,830)
Cash flows from investing activities: |  |
Purchase of vessels, including deposits | (380) | (24,719)
Purchase of other fixed assets | (207) | (353)
Net proceeds from sale of vessel assets | 1,923 |
Sale of AFS securities | 2,361 |
Changes in deposits of restricted cash |  | 19,645
Net cash provided by (used in) investing activities | 3,697 | (5,427)
Cash flows from financing activities: |  |
Cash settlement of non-accredited Note holders | (101) | (720)
Payment of deferred financing costs |  | (4,271)
Net cash (used in) provided by financing activities | (26,879) | 13,491
Net decrease in cash and cash equivalents | (64,412) | (21,766)
Cash and cash equivalents at beginning of period | 121,074 | 83,414
Cash and cash equivalents at end of period | 56,662 | 61,648
Secured Debt | $100 Million Term Loan Facility |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility | (3,846) | (3,846)
Secured Debt | $253 Million Term Loan Facility |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility | (10,150) | (10,150)
Secured Debt | $44 Million Term Loan Facility |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility | (1,375) | (1,375)
Secured Debt | $22 Million Term Loan Facility |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility | (750) | (750)
Secured Debt | 2014 Term Loan Facilities |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility | (1,381) | (700)
Revolving Credit Facility | 2015 Revolving Credit Facility |  |
Cash flows from financing activities: |  |
Proceeds from credit facility |  | 25,000
Repayment of line of credit facility | (3,282) |
Line of Credit Facility | $148 Million Credit Facility |  |
Cash flows from financing activities: |  |
Proceeds from credit facility |  | 115,000
Repayment of line of credit facility | $ (5,994) | (2,447)
Line of Credit Facility | 2010 Credit Facility |  |
Cash flows from financing activities: |  |
Repayment of line of credit facility |  | $ (102,250)

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