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v3.7.0.1

Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2017 | Mar. 31, 2016
Cash flows from operating activities: |  |
Net loss | $ (15,600) | $ (54,483)
Adjustments to reconcile net loss to net cash used in operating activities: |  |
Depreciation and amortization | 18,173 | 20,339
Amortization of deferred financing costs | 573 | 729
PIK interest, net | 1,503 |
Amortization of nonvested stock compensation expense | 711 | 5,486
Impairment of vessel assets | 0 | 1,685
Gain on sale of vessels | (6,369) |
Realized loss on sale of investment |  | 73
Change in assets and liabilities: |  |
Decrease in due from charterers | 1,313 | 2,213
(Increase) decrease in prepaid expenses and other current assets | (483) | 811
Decrease in accounts payable and accrued expenses | (3,184) | (4,154)
Increase (decrease) in deferred revenue | 28 | (152)
Increase in lease obligations | 180 | 180
Deferred drydock costs incurred | (2,828) | (31)
Net cash used in operating activities | (5,983) | (27,304)
Cash flows from investing activities: |  |
Purchase of vessels, including deposits | (35) | (279)
Purchase of other fixed assets | (21) | (191)
Net proceeds from sale of vessel assets | 12,597 |
Sale of AFS securities |  | 859
Changes in deposits of restricted cash | 646 |
Net cash provided by investing activities | 13,187 | 389
Cash flows from financing activities: |  |
Cash settlement of non-accredited Note holders |  | (101)
Payment of Series A Preferred Stock issuance costs | (950) |
Net cash used in financing activities | (1,731) | (18,555)
Net increase (decrease) in cash and cash equivalents | 5,473 | (45,470)
Cash and cash equivalents at beginning of period | 133,400 | 121,074
Cash and cash equivalents at end of period | 138,873 | 75,604
Secured Debt | $400 Million Credit Facility |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility | (100) | 0
Secured Debt | $100 Million Term Loan Facility |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility | 0 | (1,923)
Secured Debt | $253 Million Term Loan Facility |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility | 0 | (10,150)
Secured Debt | $44 Million Term Loan Facility |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility | 0 | (687)
Secured Debt | $22 Million Term Loan Facility |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility | 0 | (375)
Secured Debt | 2014 Term Loan Facilities |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility | (681) | (681)
Line of Credit Facility | $148 Million Credit Facility |  |
Cash flows from financing activities: |  |
Repayment of line of credit facility | 0 | (2,997)
Revolving Credit Facility | 2015 Revolving Credit Facility |  |
Cash flows from financing activities: |  |
Repayment of line of credit facility | $ 0 | $ (1,641)

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