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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net loss $ (55,985) $ (32,940) $ (58,725)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 72,824 68,976 71,776
Amortization of deferred financing costs 3,788 3,035 2,325
PIK interest, net     4,542
Payment of PIK interest 0 (5,341) 0
Noncash operating lease expense 1,246    
Amortization of nonvested stock compensation expense 2,057 2,231 4,053
Impairment of right-of-use asset 223    
Impairment of vessel assets 27,393 56,586 21,993
Loss (gain) on sale of vessels 168 (3,513) (7,712)
Loss on debt extinguishment   4,533  
Insurance proceeds for protection and indemnity claims 494 303 765
Insurance proceeds for loss of hire claims   58 2,230
Change in assets and liabilities:      
Decrease (increase) in due from charterers 8,605 (10,099) (2,482)
Increase in prepaid expenses and other current assets (789) (6,626) (5,875)
Decrease (increase) in inventories 2,340 (14,215) (6,485)
Decrease in other noncurrent assets   514  
Increase in accounts payable and accrued expenses 13,172 2,571 1,494
Increase in deferred revenue 223 1,190 3,234
Decrease in operating lease liabilities (1,592)    
Increase in deferred rent   880 720
Deferred drydock costs incurred (14,641) (2,236) (7,782)
Net cash provided by operating activities 59,526 65,907 24,071
Cash flows from investing activities:      
Purchase of vessels and ballast water treatment systems, including deposits (13,960) (241,872) (262)
Purchase of scrubbers (capitalized in Vessels) (31,750)    
Purchase of other fixed assets (4,714) (1,462) (290)
Net proceeds from sale of vessels 26,963 44,330 15,513
Insurance proceeds for hull and machinery claims 612 3,629 2,444
Net cash (used in) provided by investing activities (22,849) (195,375) 17,405
Cash flows from financing activities:      
Payment of debt extinguishment costs   (2,962)  
Proceeds from issuance of common stock   110,249  
Payment of common stock issuance costs (105) (496)  
Payment of Series A Preferred Stock issuance costs     (1,103)
Cash dividends paid (20,877)    
Payment of deferred financing costs (611) (11,845)  
Net cash (used in) provided by financing activities (77,189) 127,283 (5,598)
Net (decrease) increase in cash, cash equivalents and restricted cash (40,512) (2,185) 35,878
Cash, cash equivalents and restricted cash at beginning of period 202,761 204,946 169,068
Cash, cash equivalents and restricted cash at end of period 162,249 202,761 204,946
Secured Debt | $108 Million Credit Facility      
Cash flows from financing activities:      
Proceeds from credit facility   108,000  
Repayment of secured debt (6,320) (1,580) 0
Secured Debt | $495 Million Credit Facility      
Cash flows from financing activities:      
Proceeds from credit facility 21,500 460,000  
Repayment of secured debt (70,776) (15,000) 0
Secured Debt | $400 Million Credit Facility      
Adjustments to reconcile net loss to net cash provided by operating activities:      
Payment of PIK interest   (5,341)  
Cash flows from financing activities:      
Repayment of secured debt   (399,600) (400)
Secured Debt | 2014 Term Loan Facilities      
Cash flows from financing activities:      
Repayment of secured debt 0 (25,544) (2,763)
Line of Credit Facility | $98 Million Credit Facility      
Cash flows from financing activities:      
Repayments of Credit Facility $ 0 $ (93,939) $ (1,332)