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v3.5.0.2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 9 Months Ended
--- | ---
Sep. 30, 2016 | Sep. 30, 2015
Cash flows from operating activities: |  |
Net loss | $ (192,652) | $ (204,868)
Adjustments to reconcile net loss to net cash used in operating activities: |  |
Depreciation and amortization | 58,152 | 58,933
Amortization of deferred financing costs | 2,195 | 1,688
Amortization of nonvested stock compensation expense | 14,512 | 36,673
Impairment of vessel assets | 69,278 | 35,396
Loss on sale of vessel assets | 77 | 900
Impairment of investment | 2,696 | 32,536
Realized (gain) loss on sale of investment | (64) | 662
Change in assets and liabilities: |  |
Decrease in due from charterers | 2,115 | 600
Decrease (increase) in prepaid expenses and other current assets | 4,221 | (89)
(Decrease) increase in accounts payable and accrued expenses | (5,392) | 8,266
Increase (decrease) in deferred revenue | 438 | (381)
Increase in lease obligations | 539 | 579
Deferred drydock costs incurred | (2,022) | (10,288)
Net cash used in operating activities | (45,907) | (39,393)
Cash flows from investing activities: |  |
Purchase of vessels, including deposits | (425) | (46,129)
Purchase of other fixed assets | (284) | (586)
Net proceeds from sale of vessel assets | 1,923 |
Sale of AFS securities | 3,905 | 688
Changes in deposits of restricted cash |  | 19,630
Net cash provided by (used in) investing activities | 5,119 | (26,397)
Cash flows from financing activities: |  |
Cash settlement of non-accredited Note holders | (101) | (748)
Payment of deferred financing costs |  | (4,541)
Net cash (used in) provided by financing activities | (40,258) | 26,854
Net decrease in cash and cash equivalents | (81,046) | (38,936)
Cash and cash equivalents at beginning of period | 121,074 | 83,414
Cash and cash equivalents at end of period | 40,028 | 44,478
Secured Debt | $100 Million Term Loan Facility |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility | (5,769) | (5,769)
Secured Debt | $253 Million Term Loan Facility |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility | (15,225) | (16,875)
Secured Debt | $44 Million Term Loan Facility |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility | (2,062) | (2,063)
Secured Debt | $22 Million Term Loan Facility |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility | (1,125) | (1,125)
Secured Debt | 2014 Term Loan Facilities |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility | (2,062) | (1,381)
Revolving Credit Facility | 2015 Revolving Credit Facility |  |
Cash flows from financing activities: |  |
Proceeds from credit facility |  | 35,000
Repayment of line of credit facility | (4,923) |
Line of Credit Facility | $148 Million Credit Facility |  |
Cash flows from financing activities: |  |
Proceeds from credit facility |  | 131,500
Repayment of line of credit facility | $ (8,991) | (4,894)
Line of Credit Facility | 2010 Credit Facility |  |
Cash flows from financing activities: |  |
Repayment of line of credit facility |  | $ (102,250)

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