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v3.8.0.1

Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 9 Months Ended
--- | ---
Sep. 30, 2017 | Sep. 30, 2016
Cash flows from operating activities: |  |
Net loss | $ (61,295) | $ (192,652)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: |  |
Depreciation and amortization | 54,194 | 58,152
Amortization of deferred financing costs | 1,739 | 2,195
PIK interest, net | 4,575 |
Amortization of nonvested stock compensation expense | 3,536 | 14,512
Impairment of vessel assets | 21,993 | 69,278
(Gain) loss on sale of vessels | (7,712) | 77
Impairment of investment |  | 2,696
Realized gain on sale of investment |  | (64)
Change in assets and liabilities: |  |
(Increase) decrease in due from charterers | (495) | 2,115
(Increase) decrease in prepaid expenses and other current assets | (6,861) | 4,221
Increase (decrease) in accounts payable and accrued expenses | 766 | (5,392)
Increase in deferred revenue | 1,144 | 438
Increase in lease obligations | 540 | 539
Deferred drydock costs incurred | (7,685) | (2,022)
Net cash provided by (used in) operating activities | 4,439 | (45,907)
Cash flows from investing activities: |  |
Purchase of vessels, including deposits | (252) | (425)
Purchase of other fixed assets | (198) | (284)
Net proceeds from sale of vessel assets | 15,513 | 1,923
Sale of AFS securities |  | 3,905
Changes in deposits of restricted cash | 3,074 |
Net cash provided by investing activities | 18,137 | 5,119
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 | (3,465) | (40,258)
Net increase (decrease) in cash and cash equivalents | 19,111 | (81,046)
Cash and cash equivalents at beginning of period | 133,400 | 121,074
Cash and cash equivalents at end of period | 152,511 | 40,028
Secured Debt | $400 Million Credit Facility |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility | (300) | 0
Secured Debt | $100 Million Term Loan Facility |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility |  | (5,769)
Secured Debt | $253 Million Term Loan Facility |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility |  | (15,225)
Secured Debt | $44 Million Term Loan Facility |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility |  | (2,062)
Secured Debt | $22 Million Term Loan Facility |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility |  | (1,125)
Secured Debt | 2014 Term Loan Facilities |  |
Cash flows from financing activities: |  |
Repayments on Term Loan Facility | $ (2,062) | (2,062)
Line of Credit Facility | $148 Million Credit Facility |  |
Cash flows from financing activities: |  |
Repayment of line of credit facility |  | (8,991)
Revolving Credit Facility | 2015 Revolving Credit Facility |  |
Cash flows from financing activities: |  |
Repayment of line of credit facility |  | $ (4,923)

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