| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net loss | ||||||||
-4,081 | 13,458 | -28,615 | -14,910 | 7,899 | 17,021 | 18,304 | 7,747 | 2,108 |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||||
Depreciation and amortization | ||||||||
37,619 | 39,541 | 45,736 | 49,315 | 47,337 | 46,312 | 45,561 | 42,502 | 42,612 |
Share-based compensation | ||||||||
3,641 | 2,940 | 4,623 | 4,633 | 3,723 | 5,769 | 1,815 | 0 | 0 |
Bad debt expense, net | ||||||||
41 | 82 | 144 | 441 | 1,058 | 215 | 885 | 2,798 | 20 |
Interest income | ||||||||
113 | 943 | 0 | 0 | - | - | - | - | - |
Non-cash penalty and interest expenses | ||||||||
0 | -607 | 0 | - | - | - | - | - | - |
Foreign currency gains, net | ||||||||
- | - | - | - | - | - | - | - | 516 |
Deferred income tax expense | ||||||||
- | - | - | - | - | - | - | - | 18,339 |
Non-cash penalty and interest expenses | ||||||||
- | - | - | 0 | - | - | - | 50,000 | 0 |
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ||||||||
3,657 | 1,575 | 4,507 | 4,787 | 5,953 | 6,101 | 18,301 | 3,612 | - |
Debt discount amortization | ||||||||
274 | 253 | 234 | 189 | 246 | 251 | 231 | 15 | 0 |
Amortization of deferred financing costs | ||||||||
966 | 1,410 | 1,136 | 1,486 | 1,025 | 931 | 600 | 1,663 | 25 |
Gains on asset dispositions and impairments, net | ||||||||
- | - | - | - | - | - | - | - | 15,172 |
Loss on sale of investment | ||||||||
-569 | 0 | 0 | - | -18 | -944 | -104 | -490 | -1,326 |
Foreign currency losses, net | ||||||||
-481 | -1,027 | -190 | 96 | -3,030 | -1,089 | 698 | 720 | - |
Cash settlements on derivative transactions, net | ||||||||
- | - | - | - | 356 | 471 | 478 | 419 | 0 |
Gain (Loss) on Extinguishment of Debt | ||||||||
-13 | 175 | 0 | 518 | 1,617 | 0 | 0 | - | - |
Gain on sale of FBO | ||||||||
- | - | - | - | 12,946 | 0 | 0 | - | - |
Goodwill, Impairment Loss | ||||||||
2,551 | 991 | 117,018 | 0 | 1,866 | 0 | 0 | - | - |
Loss on impairment | ||||||||
- | - | - | - | - | 2,457 | 0 | 0 | - |
Deferred income tax (benefit) expense | ||||||||
-4,534 | 1,759 | -119,142 | -4,592 | 14,200 | 7,050 | 7,136 | 58,511 | - |
Income (Loss) from Equity Method Investments | ||||||||
9,935 | 2,206 | 1,425 | 1,092 | -1,943 | 1,157 | 882 | -5,528 | 82 |
Gain on sale of interest in equity investees | ||||||||
- | - | - | - | - | 1,518 | 0 | 0 | - |
Dividends received from equity investees | ||||||||
- | - | - | - | - | - | - | -16 | 1,236 |
Changes in operating assets and liabilities: | ||||||||
(Increase) decrease in receivables | ||||||||
1,140 | -501 | 4,889 | -13,516 | 9,079 | -6,228 | -9,668 | -320 | 9,311 |
(Increase) decrease in prepaid expenses and other assets | ||||||||
-1,234 | -278 | -3,320 | -9,058 | -6,328 | -802 | -1,250 | 2,153 | 5,967 |
Decrease (increase) in accounts payable, accrued expenses and other liabilities | ||||||||
3,622 | -3,594 | 6,273 | 5,861 | -14,266 | -1,536 | -834 | -48,739 | 6,312 |
Net Cash Provided by (Used in) Operating Activities | ||||||||
27,551 | 54,354 | 20,096 | 58,504 | 44,456 | 78,286 | 64,371 | 13,915 | 40,930 |
Cash flows from investing activities: | ||||||||
Purchases of property and equipment | ||||||||
6,558 | 9,216 | 16,770 | 39,200 | 60,050 | 106,732 | 110,105 | 112,986 | 158,929 |
Proceeds from disposition of property and equipment | ||||||||
13,252 | 29,590 | 9,392 | 28,609 | 25,328 | 7,051 | 65,151 | 5,188 | 26,043 |
Purchase of investments | ||||||||
5,000 | 0 | 0 | - | - | - | - | - | - |
Purchase of investments | ||||||||
0 | 0 | 126 | 0 | 36 | 125 | 0 | 10,627 | 21,840 |
Cash settlements on forward contracts, net | ||||||||
- | - | - | - | 1,103 | 1,545 | 0 | 0 | -6,109 |
Proceeds from sale of investments | ||||||||
4,430 | 0 | 0 | 544 | 0 | 0 | - | - | - |
Business acquisitions, net of cash acquired | ||||||||
- | - | - | - | 1,747 | 0 | 0 | - | - |
Dividends received from equity investees | ||||||||
0 | 1,000 | 0 | 0 | - | - | - | - | - |
Proceeds from sale of equity investees, net | ||||||||
34,712 | 0 | 0 | - | 14,252 | 0 | 0 | - | - |
Proceeds from sale of equity investees, net | ||||||||
- | - | - | - | - | 6,381 | 0 | 0 | - |
Principal payments on notes due from equity investees | ||||||||
-2,334 | -518 | -761 | -723 | -688 | -638 | -863 | -2,574 | 0 |
Principal payments on third party notes receivable | ||||||||
5,447 | 934 | 169 | 208 | 52 | 460 | 632 | 1,086 | -472 |
Escrow deposits | ||||||||
- | - | - | - | 191 | 0 | 0 | - | - |
Net cash used in investing activities | ||||||||
48,617 | 22,826 | -6,574 | -9,116 | -22,807 | -93,872 | -43,459 | -114,765 | -149,089 |
Cash flows from financing activities: | ||||||||
Payments to SEACOR, net | ||||||||
- | - | - | - | - | - | - | - | -63,166 |
Proceeds from issuance of long-term debt | ||||||||
- | - | - | - | - | - | - | 284,622 | 252,000 |
Proceeds from Revolving Credit Facility | ||||||||
0 | 0 | 17,000 | 12,000 | 60,000 | 30,000 | 55,000 | 0 | - |
Long-term debt issuance costs | ||||||||
0 | 1,295 | 0 | 886 | 71 | 2,446 | 0 | 4,754 | 3,050 |
Payments on long-term debt | ||||||||
2,055 | 41,886 | 45,281 | 40,444 | 57,925 | 2,885 | 52,788 | 292,787 | 2,690 |
Early Repayment of Senior Debt | ||||||||
740 | 1,221 | 0 | 4,331 | 46,920 | 0 | 0 | - | - |
Issuance of Series B preferred stock | ||||||||
- | - | - | - | - | - | - | 100,000 | 0 |
Settlement of Series B preferred stock | ||||||||
- | - | - | - | - | - | - | -50,000 | 0 |
Dividends paid on Series A preferred stock | ||||||||
- | - | - | - | - | - | 4,953 | 4,447 | 0 |
Proceeds from share award plans | ||||||||
1,077 | 893 | 836 | 836 | 1,096 | 1,458 | 527 | 0 | 0 |
Tax expense on vested restricted stock | ||||||||
- | - | - | - | 127 | 0 | 0 | - | - |
Purchase of treasury shares | ||||||||
7,707 | 0 | 52 | 161 | 2,079 | 0 | 0 | - | - |
Proceeds from SEACOR on the settlement of stock options | ||||||||
- | - | - | - | - | - | 706 | 0 | 0 |
Net cash provided by (used in) financing activities | ||||||||
-9,425 | -43,509 | -27,497 | -32,986 | -46,026 | 26,127 | -1,508 | 32,634 | 183,094 |
Effects of exchange rate changes on cash and cash equivalents | ||||||||
-130 | 249 | 81 | -236 | -2,120 | -1,009 | 426 | 599 | 489 |
Net decrease in cash, cash equivalents and restricted cash | ||||||||
66,613 | 33,920 | -13,894 | 16,166 | -26,497 | 9,532 | 19,830 | -67,617 | 75,424 |