Aegean marine petroleum network inc. (ANW)
CashFlow / Yearly
Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

51,929

34,841

16,139

27,030

22,449

11,708

18,733

48,525

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation

24,941

25,799

21,325

20,467

22,102

21,755

21,092

16,792

Provision of doubtful accounts

3,624

1,992

3,229

-881

2,919

61

-

-

Provision of (release of) doubtful accounts

-

-

-

-

-

-

-458

-

Provision of (Release of)doubtful accounts

-

-

-

-

-

-

-

428

Share-based compensation

12,229

10,042

8,774

4,497

4,406

3,963

4,084

3,458

Amortization

18,417

18,998

14,160

9,939

10,115

9,576

7,667

5,562

Income taxes

1,437

2,388

-89

-1,400

428

-358

-589

153

Loss on sale of vessels, net

-6,312

-130

-12,864

-4,312

-5,966

-8,682

-

-

Impairment charge

0

5,308

4,062

0

0

-

-

-

Loss on sale of vessels, net

-

-

-

-

-

-

-1,540

4,094

Gain on sale of subsidiary

-

-

-

4,174

0

0

-

-

Change in fair value of derivatives

-29,445

3,647

19,658

-674

-1,469

834

0

0

Other non-cash charges

678

446

870

-343

39

0

-384

0

Trade receivables

188,049

-40,744

-117,925

-4,606

-48,278

84,843

70,342

144,792

Due from related companies

2,661

914

4,008

-594

-880

-4,382

12,056

5,953

Inventories

73,235

-42,459

-146,307

25,081

-23,231

49,039

8,351

84,785

Prepayments and other current assets

-17,959

61,668

16,194

8,869

1,329

5,423

-209

10,915

Increase / (Decrease) in:
Trade payables

59,167

-46,639

-122,687

-1,076

-8,642

43,146

-19,341

114,622

Other payables to related companies

150

14

-730

442

-671

1,559

-13

398

Accrued and other current liabilities

-5,219

-10,052

11,366

17,552

-2,436

674

2,782

5,345

Decrease / (increase) in other non-current assets

-333

121

746

20

1

55

6

670

Increase in other non-current liabilities

967

1

1,341

627

-45

101

112

77

Payments for dry-docking

4,683

9,502

10,304

8,999

5,561

9,920

10,073

5,504

Net cash (used in) / provided by operating activities

-47,615

49,727

182,206

40,583

123,519

-44,865

-64,626

-61,353

Cash flows from investing activities:
Advances for vessels under construction

0

2,979

2,730

1,585

2,303

22,751

59,568

84,444

Advances for vessel acquisitions

8,667

0

7,786

0

0

453

26,576

25,420

Advances for other fixed assets under construction

2,587

5,391

61,405

62,675

62,366

29,116

11,630

0

Purchase of intangible assets

-

-

-

-

-

1,500

0

0

Proceeds from sale of subsidiary, net of cash surrendered

-

-

-

6,149

0

0

-

-

Business acquisitions

-

-

-

127,390

0

0

63,652

0

Net proceeds from sale of vessels

8,105

49

16,156

8,328

8,932

8,474

-

-

Net proceeds from sale of vessel to a related party

400

0

0

103

0

0

-

-

Net proceeds from sale of vessels

-

-

-

-

-

-

2,920

34,499

Purchase of other fixed assets

177

771

7,955

5,136

844

247

10,499

335

Increase in restricted cash

862

-1,478

-4,226

-

-

-

-

-

Decrease in restricted cash

-

-

-

385

0

4

2

5,470

Net cash used in investing activities

-3,788

-7,614

-59,494

-181,821

-58,162

-45,589

-169,003

-75,230

Cash flows from financing activities:
Proceeds from long-term debt

163,000

173,274

119,455

170,750

0

17,273

176,172

133,648

Repayment of long-term debt

76,150

119,112

35,706

152,765

26,109

77,405

116,841

36,232

Repayment of capital lease obligation

0

0

395

1,181

1,267

1,238

1,225

0

Net change in short-term borrowings

11,862

-69,481

-127,612

124,838

-27,482

142,350

95,103

50,000

Proceeds from short-term borrowings from related parties

20,000

0

0

-

-

-

-

-

Increase in restricted cash

1,498

0

0

-

1,581

0

0

5,000

Financing costs paid

8,066

9,009

3,279

11,067

390

1,319

411

1,200

Repurchases of common stock

99,580

0

0

-

19

4,628

24,680

0

Dividends paid to non-controlling interest

0

0

340

2,713

0

0

-

-

Proceeds from the issuance of common stock

-

-

-

-

-

-

147,109

0

Cost of issuance of common stock

-

-

-

-

-

-

8,062

0

Dividends paid

3,805

3,926

2,403

1,884

1,860

1,864

1,878

1,719

Net cash provided by / (used in) financing activities

5,763

-28,254

-50,280

125,978

-57,127

73,169

265,287

144,497

Effect of exchange rate changes on cash and cash equivalents

162

-4,096

-5,456

589

434

-632

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

0

0

Net (decrease) / increase in cash and cash equivalents

-45,478

9,763

66,976

-14,671

8,664

-17,917

31,658

7,914

SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the year for interest, net of capitalized interest:

26,126

21,501

21,447

15,779

20,545

19,037

9,872

7,727

Cash paid during the year for income taxes:

2,065

936

3,388

737

7,467

4,093

1,822

1,788

Non cash advances for other fixed assets under construction:

0

0

4,150

0

0

-

-

-

Non cash advances for vessels under construction:

0

0

1,151

0

0

-

-

-