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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows from Operating Activities      
Net Income (Loss) $ 114,627 $ (13,166) $ (105,417)
Reconciliation of Net Loss to Net Cash Provided by (Used in) Operating Activates      
Depreciation Expense 82,610   74,375
Loss on Contract 0   5,000
Equity Loss (Income) 2,462   0
Return on Investment 0   0
Dry-dock Expenditure (11,450)   (17,928)
Amortization of Deferred Finance Costs 1,240 1,228 1,228
Deferred Compensation Liability 324 782 832
Share-based Compensation 388   2,093
Gain on Equity Method Investment 0   0
Adjustment of warrants to fair value 0   0
Other, net (61)   (5)
Changes in Operating Assets and Liabilities      
Accounts Receivables (11,832)   (11,435)
Accounts Receivables, Related Party 77   0
Inventory 7,380   3,528
Prepaid Expenses and Other Current Assets 262   (130)
Accounts Payable and Accrued Liabilities (3,869)   (3,796)
Accounts Payable, Related party 0   0
Voyages in Progress (7,767)   4,390
Non-current Related party Receivables 0   0
Net Cash Provided by (Used in) Operating Activities 174,391   (47,265)
Cash Flows from Investing Activities      
Proceeds from Sale of Marketable Securities 0   600
Investment in Vessels (123,373)   (6,983)
Investment in Other Fixed Assets (103)   (1,864)
Sale of Other Fixed Assets 334   0
Deposits to and Repayment from Seller (64,000)   5,475
Investments in Nordic American Offshore Ltd (9,508)   (65,004)
Acquisition of Orion Tankers Ltd 0   (271)
Cash arising from obtaining control of Orion Tankers Ltd 0   6,544
Acquisition of Scandic American Shipping Ltd, net of cash acquired 0   (7,641)
Acquisition of Scandic Assets Held for Sale 0   (5,467)
Proceeds from Sale of Scandic Assets held for Sale 0   5,467
Long-term Deposits (5,000)   (5,000)
Return of Investments 4,227   0
Other, net 0   889
Net Cash Provided by (Used in) Investing Activities (197,423)   (73,255)
Cash Flows from Financing Activities      
Proceeds from Issuance of Common Stock 0   172,611
Proceeds from Use of Credit Facility 80,000   40,000
Repayments on Credit Facility 0   (40,000)
Credit Facility Costs (4,640)   0
Dividends Distributed (123,071)   (41,756)
Net Cash (Used In) Provided by Financing Activities (47,711)   130,855
Net (Decrease) Increase in Cash and Cash Equivalents (70,743)   10,335
Cash and Cash Equivalents at Beginning of Year 100,736 65,675 55,511
Effect of Exchange Rate changes on Cash and Cash Equivalents (104)   (171)
Cash and Cash Equivalents at End of Year 29,889 100,736 65,675
Cash Paid for Interest, Net of Amounts Capitalized     7,158
Cash Paid for Taxes 47   214
Fair value of shares distributed as dividend in kind 0   0
Adjusted [Member]      
Cash Flows from Operating Activities      
Net Income (Loss)   (13,166)  
Reconciliation of Net Loss to Net Cash Provided by (Used in) Operating Activates      
Depreciation Expense   80,531  
Loss on Contract   0  
Equity Loss (Income)   (1,497)  
Return on Investment   1,929  
Dry-dock Expenditure   (5,346)  
Amortization of Deferred Finance Costs   1,228  
Deferred Compensation Liability   782  
Share-based Compensation   997  
Gain on Equity Method Investment   (3,285)  
Adjustment of warrants to fair value   915  
Other, net   (37)  
Changes in Operating Assets and Liabilities      
Accounts Receivables   3,539  
Accounts Receivables, Related Party   0  
Inventory   2,438  
Prepaid Expenses and Other Current Assets   300  
Accounts Payable and Accrued Liabilities   2,784  
Accounts Payable, Related party   0  
Voyages in Progress   (14,633)  
Non-current Related party Receivables   0  
Net Cash Provided by (Used in) Operating Activities   57,479  
Cash Flows from Investing Activities      
Proceeds from Sale of Marketable Securities   0  
Investment in Vessels   (73,772)  
Investment in Other Fixed Assets   (281)  
Sale of Other Fixed Assets   0  
Deposits to and Repayment from Seller   0  
Investments in Nordic American Offshore Ltd   (11,403)  
Acquisition of Orion Tankers Ltd   0  
Cash arising from obtaining control of Orion Tankers Ltd   0  
Acquisition of Scandic American Shipping Ltd, net of cash acquired   0  
Acquisition of Scandic Assets Held for Sale   0  
Proceeds from Sale of Scandic Assets held for Sale   0  
Long-term Deposits   0  
Return of Investments   3,772  
Other, net   0  
Net Cash Provided by (Used in) Investing Activities   (81,685)  
Cash Flows from Financing Activities      
Proceeds from Issuance of Common Stock   113,433  
Proceeds from Use of Credit Facility   0  
Repayments on Credit Facility   0  
Credit Facility Costs   0  
Dividends Distributed   (54,069)  
Net Cash (Used In) Provided by Financing Activities   59,364  
Net (Decrease) Increase in Cash and Cash Equivalents   35,158  
Cash and Cash Equivalents at Beginning of Year 100,736 65,675  
Effect of Exchange Rate changes on Cash and Cash Equivalents   (97)  
Cash and Cash Equivalents at End of Year   100,736 $ 65,675
Cash Paid for Interest, Net of Amounts Capitalized $ 9,374 9,700  
Cash Paid for Taxes   86  
Fair value of shares distributed as dividend in kind   $ 12,589