XML 14 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities    
Net Income (Loss) $ 88,716 $ (9,341)
Reconciliation of Net Income to Net Cash Provided by Operating Activities    
Depreciation Expense 33,352 31,527
Change in Fair Value of Investment Securities 258 1,449
Dry-dock Expenditures (4,371) (446)
Amortization of Deferred Finance Costs 2,058 2,866
Share-based Compensation 145 200
Other, net (1,291) 552
Changes in Operating Assets and Liabilities:    
Accounts Receivables 1,482 6,940
Accounts Receivables, Related Party 0 212
Inventory 12,363 (1,797)
Prepaid Expenses and Other Current Assets (1,793) (147)
Accounts Payable and Accrued Liabilities (16,435) 1,204
Voyages in Progress 3,767 7,613
Net Cash Provided by Operating Activities 118,251 40,832
Cash Flows from Investing Activities    
Investment in Vessels (1,574) (557)
Proceeds from Sale of Investment Securities 419 0
Net Cash Used In Investing Activities (1,155) (557)
Cash Flows from Financing Activities    
Proceeds from Issuance of Common Stock 14,758 0
Proceeds from Borrowing Activities 0 300,000
Repayments of Borrowing Facility (27,099) (6,378)
Repayments of Vessel Financing 2018-built Vessels (3,751) (3,566)
Repayments of Credit Facility 0 (313,400)
Transactions Costs Borrowing Facility 0 (6,904)
Dividends Distributed (31,255) (9,936)
Net Cash Used In Financing Activities (47,347) (40,184)
Net Increase in Cash, Cash Equivalents and Restricted Cash 69,749 91
Effect of Exchange Rate Changes on Cash and Cash Equivalents (205) (19)
Cash, Cash Equivalents and restricted Cash at the Beginning of Period 61,638 49,327
Cash, Cash Equivalents and Restricted Cash at the End of Period 131,182 49,399
Supplemental Disclosure of Cash Flow information    
Cash and Cash Equivalents 112,806 42,062
Restricted cash 18,376 7,337
Total Cash, Cash equivalents and Restricted Cash Shown in the Statement of Cash Flows 131,182 49,399
Cash Paid for Interest, Net of Amounts Capitalized $ (14,737) $ (17,444)