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CASH FLOW INFORMATION

3 Months Ended

Mar. 31, 2025

CASH FLOW INFORMATION

CASH FLOW INFORMATION

4 – CASH FLOW INFORMATION

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For the three months ended March 31, 2025, the Company had non-cash investing activities not included in the Condensed Consolidated Statement of Cash Flows for items included in Accounts payable and accrued expenses consisting of $1,721 for the Purchase of vessels and ballast water treatment systems, including deposits, and $188 for the Purchase of other fixed assets. For the three months ended March 31, 2025, the Company had non-cash financing activities not included in the Condensed Consolidated Statement of Cash Flows for items included in Accounts payable and accrued expense consisting of $1,434 for Cash dividends payable.

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For the three months ended March 31, 2024, the Company had non-cash investing activities not included in the Condensed Consolidated Statement of Cash Flows for items included in Accounts payable and accrued expenses consisting of $961 for the Purchase of vessels and ballast water treatment systems, including deposits, $678 for the Purchase of other fixed assets and $178 for the Net proceeds from sale of vessels. For the three months ended March 31, 2024, the Company had non-cash financing activities not included in the Condensed Consolidated Statement of Cash Flows for items included in Accounts payable and accrued expense consisting of $959 for Cash dividends payable.

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During the three months ended March 31, 2025 and 2024, cash paid for interest was $2,072 and $4,001, respectively, which was offset by $0 and $588 received as result of the interest rate cap agreements, respectively.

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During the three months ended March 31, 2025 and 2024, any cash paid for income taxes was insignificant.

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All stock options exercised during the three months ended March 31, 2025 and 2024 were cashless. Refer to Note 14 — Stock-Based Compensation for further information.

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On February 18, 2025, the Company granted 267,344 restricted stock units and 145,792 performance-based restricted stock units to certain individuals. The aggregate fair value of these restricted stock units and performance-based restricted stock units was $3,970 and $2,479, respectively.

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On February 21, 2024, the Company granted 168,411 restricted stock units and 99,065 performance-based restricted stock units to certain individuals. The aggregate fair value of these restricted stock units and performance-based restricted stock units was $3,060 and $2,143, respectively.

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Refer to Note 14 — Stock-Based Compensation for further information regarding the aforementioned grants.

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Supplemental Condensed Consolidated Cash Flow information related to leases is as follows:

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​	​	​	​	​	​	​	​
​	​	For the Three Months Ended
​	​	March 31,
​	​	2025		​	2024		​
Cash paid for amounts included in the measurement of lease liabilities:	​	​	​	​	​	​	​
Operating cash flows from operating leases	​	$	613	​	$	613	​

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- Definition

The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/230/tableOfContent

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- References

No definition available.

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