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v3.7.0.1

Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 6 Months Ended
--- | ---
Jun. 30, 2017 | Jun. 30, 2016
Cash flows from operating activities: |  |
Net loss | $ (30,112) | $ (165,138)
Adjustments to reconcile net loss to net cash used in operating activities: |  |
Depreciation and amortization | 36,358 | 40,025
Amortization of deferred financing costs | 1,153 | 1,458
PIK interest, net | 3,028 |
Amortization of nonvested stock compensation expense | 2,281 | 10,928
Impairment of vessel assets | 3,339 | 69,278
(Gain) loss on sale of vessels | (7,712) | 77
Impairment of investment |  | 2,696
Realized loss on sale of investment |  | 92
Change in assets and liabilities: |  |
Decrease in due from charterers | 3,940 | 2,337
(Increase) decrease in prepaid expenses and other current assets | (6,683) | 2,131
Decrease in accounts payable and accrued expenses | (1,406) | (4,338)
Increase (decrease) in deferred revenue | 160 | (63)
Increase in lease obligations | 360 | 360
Deferred drydock costs incurred | (5,291) | (1,073)
Net cash used in operating activities | (585) | (41,230)
Cash flows from investing activities: |  |
Purchase of vessels, including deposits | (252) | (380)
Purchase of other fixed assets | (65) | (207)
Net proceeds from sale of vessel assets | 15,513 | 1,923
Sale of AFS securities |  | 2,361
Changes in deposits of restricted cash | 1,826 |
Net cash provided by investing activities | 17,022 | 3,697
Cash flows from financing activities: |  |
Cash settlement of non-accredited Note holders |  | (101)
Payment of Series A Preferred Stock issuance costs | (1,103) |
Net cash used in financing activities | (2,684) | (26,879)
Net increase (decrease) in cash and cash equivalents | 13,753 | (64,412)
Cash and cash equivalents at beginning of period | 133,400 | 121,074
Cash and cash equivalents at end of period | 147,153 | 56,662
Secured Debt | $400 Million Credit Facility |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility | (200) | 0
Secured Debt | $100 Million Term Loan Facility |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility |  | (3,846)
Secured Debt | $253 Million Term Loan Facility |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility |  | (10,150)
Secured Debt | $44 Million Term Loan Facility |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility |  | (1,375)
Secured Debt | $22 Million Term Loan Facility |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility |  | (750)
Secured Debt | 2014 Term Loan Facilities |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility | $ (1,381) | (1,381)
Line of Credit Facility | $148 Million Credit Facility |  |
Cash flows from financing activities: |  |
Repayment of line of credit facility |  | (5,994)
Revolving Credit Facility | 2015 Revolving Credit Facility |  |
Cash flows from financing activities: |  |
Repayment of line of credit facility |  | $ (3,282)

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