XML 15 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities    
Net Income $ 42,270 $ 58,642
Reconciliation of Net Income to Net Cash Provided by Operating Activities    
Depreciation Expense 43,073 40,468
Equity Loss 3,944 634
Dry-dock Expenditures (1,430) (5,610)
Amortization of Deferred Finance Costs 728 614
Deferred Compensation Liability 1,846 (35)
Share-based Compensation 261 309
Other, net 65 96
Changes in Operating Assets and Liabilities:    
Accounts Receivables (1,865) (3,045)
Accounts Receivables, Related Party 151 57
Inventory (2,338) 1,681
Prepaid Expenses and Other Current Assets (537) (90)
Accounts Payable and Accrued Liabilities (1,015) (1,954)
Voyages in Progress 19,325 2,343
Net Cash Provided by Operating Activities 104,478 94,110
Cash Flows from Investing Activities    
Investment in Vessels (81,403) (308)
Sale of Other Fixed Assets 0 294
Deposits to Seller (2,724) (38,400)
Return of Investments 1,204 2,621
Other, net (65) 0
Net Cash Used in Investing Activities (82,988) (35,792)
Cash Flows from Financing Activities    
Proceeds from Use of Credit Facility 55,000 0
Credit Facility Costs (83) 0
Dividends Paid (76,815) (53,509)
Net Cash Used in Financing Activities (21,898) (53,509)
Net Increase (Decrease) in Cash and Cash Equivalents (408) 4,808
Effect of Exchange Rate changes on Cash and Cash Equivalents 37 (36)
Cash and Cash Equivalents at the Beginning of Period 29,889 100,735
Cash and Cash Equivalents at the End of Period 29,519 105,508
Cash Paid for Interest, Net of Amounts Capitalized $ (3,909) $ (3,821)