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v3.8.0.1

Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015
Cash flows from operating activities: |  |  |
Net loss | $ (58,725) | $ (217,757) | $ (254,368)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: |  |  |
Depreciation and amortization | 71,776 | 76,330 | 79,556
Amortization of deferred financing costs | 2,325 | 2,847 | 2,379
PIK interest, net | 4,542 | 800 |
Amortization of nonvested stock compensation expense | 4,053 | 20,680 | 42,136
Impairment of vessel assets | 21,993 | 69,278 | 39,893
(Gain) loss on sale of vessels | (7,712) | (3,555) | 900
Impairment of investment |  | 2,696 | 37,877
Realized (gain) loss on sale of investment |  | (689) | 724
Change in assets and liabilities: |  |  |
(Increase) decrease in due from charterers | (2,482) | 213 | 4,153
(Increase) decrease in prepaid expenses and other current assets | (6,921) | 5,485 | 1,181
Increase (decrease) in accounts payable and accrued expenses | 1,494 | (5,309) | 1,883
Increase (decrease) in deferred revenue | 3,234 | 430 | (339)
Increase in lease obligations | 720 | 719 | 759
Deferred drydock costs incurred | (7,782) | (2,150) | (12,820)
Net cash provided by (used in) operating activities | 26,515 | (49,982) | (56,086)
Cash flows from investing activities: |  |  |
Purchase of vessels, including deposits | (262) | (458) | (66,590)
Purchase of other fixed assets | (290) | (329) | (770)
Net proceeds from sale of vessel assets | 15,513 | 13,024 |
Sale of AFS securities |  | 10,489 | 706
Net cash provided by (used in) investing activities | 14,961 | 22,726 | (66,654)
Cash flows from financing activities: |  |  |
Cash settlement of non-accredited Note holders |  | (101) | (777)
Proceeds from issuance of Series A Preferred Stock |  | 125,000 |
Payment of Series A Preferred Stock issuance costs | (1,103) | (3,108) |
Payment of deferred financing costs |  | (1,500) | (7,003)
Net cash (used in) provided by financing activities | (5,598) | 55,435 | 150,520
Net increase in cash, cash equivalents and restricted cash | 35,878 | 28,179 | 27,780
Cash, cash equivalents and restricted cash at beginning of period | 169,068 | 140,889 | 113,109
Cash, cash equivalents and restricted cash at end of period | 204,946 | 169,068 | 140,889
Secured Debt | $400 Million Credit Facility |  |  |
Cash flows from financing activities: |  |  |
Proceeds from Term Loan Facility |  | 400,000 |
Repayments on Term Loan Facility | (400) | 0 | 0
Secured Debt | $100 Million Term Loan Facility |  |  |
Cash flows from financing activities: |  |  |
Repayments on Term Loan Facility | 0 | (60,099) | (7,692)
Secured Debt | $253 Million Term Loan Facility |  |  |
Cash flows from financing activities: |  |  |
Repayments on Term Loan Facility | 0 | (145,268) | (20,300)
Secured Debt | $44 Million Term Loan Facility |  |  |
Cash flows from financing activities: |  |  |
Repayments on Term Loan Facility | 0 | (38,500) | (2,750)
Secured Debt | $22 Million Term Loan Facility |  |  |
Cash flows from financing activities: |  |  |
Repayments on Term Loan Facility | 0 | (18,625) | (1,500)
Secured Debt | 2014 Term Loan Facilities |  |  |
Cash flows from financing activities: |  |  |
Repayments on Term Loan Facility | (2,763) | (2,763) | (2,081)
Line of Credit Facility | $98 Million Credit Facility |  |  |
Cash flows from financing activities: |  |  |
Proceeds from Credit Facility |  |  | 98,271
Repayment of Credit Facility | (1,332) | (3,000) | 0
Line of Credit Facility | $148 Million Credit Facility |  |  |
Cash flows from financing activities: |  |  |
Proceeds from Credit Facility |  |  | 148,000
Repayment of Credit Facility | 0 | (140,383) | (7,616)
Line of Credit Facility | 2010 Credit Facility |  |  |
Cash flows from financing activities: |  |  |
Repayment of Credit Facility |  |  | (102,250)
Revolving Credit Facility | 2015 Revolving Credit Facility |  |  |
Cash flows from financing activities: |  |  |
Proceeds from Credit Facility |  |  | 56,218
Repayment of Credit Facility | $ 0 | $ (56,218) | $ 0

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- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References No definition available. + Details
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