| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
Energy Related Derivative - Oil | ||||||||
OPERATING ACTIVITIES | ||||||||
Net income (loss) | ||||||||
-145,279 | -160,780 | -151,988 | -46,362 | 109,555 | 1,014,443 | 68,275 | -5,441 | 31,501 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||||
Depreciation and amortization | ||||||||
76,522 | 72,972 | 73,732 | 49,811 | 36,871 | 85,524 | 70,286 | 65,076 | 63,482 |
Amortization of deferred charges and debt guarantees | ||||||||
-900 | 13,732 | -2,073 | 2,459 | 1,120 | 1,900 | 1,484 | 1,494 | 1,280 |
Equity in net earnings (losses) of affiliates | ||||||||
-25,448 | 47,878 | 55,985 | 42,220 | 3,099 | -609 | -1,900 | -1,435 | -4,559 |
Gain on disposals to Golar Partners | ||||||||
0 | 0 | 102,406 | 43,287 | 82,270 | 0 | 0 | - | - |
Net loss on loss of control of Golar Power | ||||||||
0 | -8,483 | 0 | 0 | - | 853,996 | 0 | 0 | - |
Gain on business acquisition | ||||||||
- | - | - | - | - | 4,084 | 0 | 0 | - |
Loss on disposal of vessel held-for-sale | ||||||||
0 | 0 | -5,824 | 0 | 0 | -151 | 0 | 0 | - |
Impairment of vessel held-for-sale | ||||||||
0 | 0 | 1,032 | 0 | 0 | - | - | - | - |
Dividend income from available-for-sale and cost investments recognized in operating income | ||||||||
- | - | - | - | 9 | 0 | 0 | - | - |
Dividends received, operating activities | ||||||||
52,666 | 55,517 | 52,800 | 61,967 | 64,198 | 125 | 0 | - | - |
Loss on termination of lease financing arrangements | ||||||||
- | - | - | - | - | - | - | -7,777 | 0 |
Gain on disposal of available-for-sale securities | ||||||||
- | - | - | - | 100 | 0 | 541 | 4,196 | 0 |
Gain on disposal of high yield bond in Golar Partners | ||||||||
- | - | - | - | 841 | 0 | 0 | - | - |
Gain on sale of investee | ||||||||
- | - | - | - | - | - | - | - | 8,355 |
Gain on termination of equity swaps | ||||||||
- | - | - | - | - | - | - | - | 15,904 |
Compensation cost related to share options | ||||||||
8,991 | 5,816 | 4,125 | 1,619 | 500 | 1,357 | 1,970 | 1,869 | 1,689 |
Net foreign exchange loss | ||||||||
-1,620 | -1,429 | -2,404 | -1,314 | 277 | -11,905 | -1,669 | 5,180 | -12,955 |
Amortization of deferred tax benefits on intra-group transfers | ||||||||
0 | 1,715 | 3,488 | 3,488 | 3,487 | -7,257 | -6,687 | 0 | 0 |
Impairment of non-current assets | ||||||||
0 | 1,706 | 1,957 | 500 | 500 | 500 | 500 | 4,500 | 1,500 |
Impairment of loan receivable | ||||||||
0 | 7,627 | 15,010 | 0 | 0 | - | - | - | - |
Drydocking expenditure | ||||||||
0 | 0 | 10,405 | 8,947 | 4,248 | 20,939 | 19,773 | 7,369 | 9,807 |
Change in assets and liabilities: | ||||||||
Restricted cash | ||||||||
-57,110 | -47,834 | 280,000 | 0 | 0 | - | - | - | - |
Interest element included in obligations under capital leases | ||||||||
- | - | - | - | - | 401 | 898 | 762 | 1,182 |
Trade accounts receivable | ||||||||
11,413 | 567 | -911 | 10,533 | -304 | -2,256 | -5,245 | 2,010 | -5,473 |
Inventories | ||||||||
151 | -987 | 2,252 | 809 | 10,137 | -167 | -2,479 | -1,166 | 2,238 |
Other current and non-current assets | ||||||||
102,453 | -14,924 | 6,361 | -27,612 | 50,877 | 7,600 | 3,721 | 17,629 | -7,145 |
Amounts due to related companies | ||||||||
-27,130 | -9,444 | 15,259 | -6,003 | 3,497 | -1,021 | -404 | 713 | -99 |
Trade accounts payable | ||||||||
1,593 | -28,511 | 8,944 | -1,746 | 2,525 | -520 | -12,804 | -7,221 | 2,075 |
Accrued expenses | ||||||||
28,666 | -3,410 | 21,479 | 13,802 | 3,349 | 10,668 | 8,082 | 409 | -3,671 |
Other current and non-current liabilities | ||||||||
81,844 | -17,273 | 66,832 | 29,184 | 648 | -779 | -2,250 | 15,555 | -49,004 |
Net cash provided by (used in) operating activities | ||||||||
47,134 | -38,551 | -344,649 | 24,873 | 67,722 | 233,810 | 116,608 | 51,710 | 43,763 |
INVESTING ACTIVITIES | ||||||||
Additions to vessels and equipment | ||||||||
1,349 | 14,477 | 26,110 | 2,359 | 802 | 97,228 | 99,082 | 33,927 | 112,945 |
Additions to asset under development | ||||||||
0 | 19,220 | 559,667 | 1,150,669 | 733,353 | 245,759 | 190,100 | 0 | 0 |
Additions to asset under development | ||||||||
390,552 | 200,821 | 111,572 | 313,645 | 0 | 0 | - | - | - |
Investment in subsidiary, net of cash acquired | ||||||||
0 | 0 | 16 | 0 | 0 | 19,438 | 0 | 0 | - |
Proceeds from disposal of investments in affiliates | ||||||||
0 | 0 | 207,428 | 0 | - | - | - | - | - |
Additions to investment in affiliates | ||||||||
- | - | - | - | 12,400 | 173 | 0 | 0 | - |
Additions to investments in affiliates | ||||||||
123,107 | 10,200 | 5,023 | 0 | 5,649 | 0 | 0 | - | - |
Proceeds from disposal of high yield bond in Golar Partners | ||||||||
- | - | - | - | 34,483 | 0 | 0 | - | - |
Loans granted (including related parties) | ||||||||
- | - | - | 20,000 | 20,000 | - | - | - | - |
Short-term loan granted | ||||||||
0 | 1,000 | 2,000 | 0 | 11,960 | 0 | 0 | - | - |
Proceeds from repayment of short-term loan granted | ||||||||
0 | 0 | 400 | 0 | 2,469 | 0 | 0 | - | - |
Proceeds from disposals to Golar Partners, net of cash disposed | ||||||||
70,000 | 107,247 | 226,872 | 155,319 | 119,927 | 0 | 0 | - | - |
Proceeds from loss of control of Golar Power, net of cash disposed | ||||||||
0 | 113,321 | 0 | 0 | - | - | - | - | - |
Short-term loan to Golar Partners | ||||||||
- | - | - | - | - | 0 | 0 | - | - |
Additions to other long-term assets | ||||||||
- | - | - | 49,873 | 0 | 0 | - | - | - |
Proceeds from repayment of short-term loan granted to Golar Partners | ||||||||
0 | 0 | 20,000 | 0 | 20,000 | - | - | - | - |
Repayment of short-term loan granted to Golar Partners | ||||||||
- | - | - | - | - | 0 | 0 | - | - |
Proceeds from disposal of fixed assets | ||||||||
0 | 0 | 18,987 | 0 | 0 | 40 | 0 | 0 | - |
Cash effect of the deconsolidation of Golar Partners | ||||||||
- | - | - | - | - | 85,467 | 0 | 0 | - |
Vendor refinancing - loan repayment from Golar Partners | ||||||||
- | - | - | - | - | 155,000 | 0 | 0 | - |
Investment in affiliates | ||||||||
- | - | - | - | - | - | 4,152 | 469 | 85 |
Proceeds from partial disposal of interests in investments in affiliates | ||||||||
- | - | - | - | 99,210 | 0 | 901 | 7,711 | 0 |
Proceeds from disposals to Golar Partners | ||||||||
- | - | - | - | - | - | - | - | 11,010 |
Settlement on termination of equity swaps | ||||||||
- | - | - | - | - | - | - | - | 7,691 |
Restricted cash and short-term deposits | ||||||||
-11,239 | -22,928 | 25,255 | 48,043 | 24,992 | -2,325 | 6,211 | -391,421 | -37,869 |
Net cash used in investing activities | ||||||||
-433,769 | -2,222 | -255,956 | -1,429,270 | -533,067 | -290,700 | -298,644 | 364,736 | -56,460 |
FINANCING ACTIVITIES | ||||||||
Proceeds from short-term and long-term debt | ||||||||
928,432 | 405,817 | 918,801 | 1,222,746 | 306,358 | - | - | - | - |
Payment for capped call in connection with bond issuance | ||||||||
31,194 | 0 | 0 | - | - | - | - | - | - |
Repayments of short-term and long-term debt | ||||||||
446,626 | 271,858 | 215,363 | 239,903 | 9,400 | - | - | - | - |
Purchase of treasury shares | ||||||||
0 | 8,214 | 12,269 | 0 | 0 | - | - | - | 3,912 |
Proceeds from disposal of shares in non-controlling interests | ||||||||
- | - | - | - | - | - | - | 5,549 | 0 |
Proceeds from issuance of equity | ||||||||
0 | 169,876 | 0 | 660,947 | 0 | 0 | - | 3,304 | 0 |
Restricted cash and short-term deposits | ||||||||
-50,136 | -74,608 | -32,340 | 0 | 0 | - | - | - | - |
Cash effect of consolidating Hilli Lessor VIE | ||||||||
- | - | - | - | - | 317,119 | 287,795 | 0 | 115,392 |
Proceeds from short-term debt | ||||||||
- | - | - | - | - | 0 | 23,600 | 0 | 0 |
Proceeds from long-term debt (including related parties) | ||||||||
- | - | - | - | - | 642,241 | 80,000 | 125,000 | 44,999 |
Repayments of obligations under capital leases | ||||||||
- | - | - | - | - | 6,288 | 6,054 | 354,881 | 6,883 |
Repayments of short-term and long-term debt (including related parties) | ||||||||
- | - | - | - | - | 325,166 | 105,750 | 110,037 | 71,396 |
Repayments of short-term debt | ||||||||
- | - | - | - | - | - | 23,600 | 0 | 0 |
Cash dividends paid | ||||||||
1,564 | 8,372 | 23,266 | 18,672 | 22,612 | 7,842 | 0 | 0 | - |
Cash dividends paid | ||||||||
20,438 | 54,348 | 121,358 | 155,996 | 108,976 | 175,904 | 65,022 | 45,761 | 0 |
Proceeds from exercise of share options | ||||||||
-1,167 | 1,435 | 225 | - | - | - | - | - | - |
Non-controlling interest dividends | ||||||||
- | - | - | - | - | 32,082 | 12,532 | 3,120 | 1,360 |
Proceeds from exercise of share options | ||||||||
- | - | - | 1,338 | 608 | 2,613 | 13,845 | 2,985 | 1,974 |
Acquisition of non-controlling interests | ||||||||
- | - | - | - | - | - | 108,050 | 15,741 | 0 |
Proceeds arising from exercise of warrants in Golar Energy | ||||||||
- | - | - | - | - | - | - | 18,742 | 0 |
Net cash provided by financing activities | ||||||||
377,307 | 159,728 | 514,430 | 1,470,460 | 165,978 | 414,691 | 84,232 | -373,960 | 78,814 |
Net (decrease) increase in cash and cash equivalents | ||||||||
-9,328 | 118,955 | -86,175 | 66,063 | -299,367 | 357,801 | -97,804 | 42,486 | 66,117 |
Interest paid, net of capitalized interest | ||||||||
34,479 | 24,828 | 35,450 | 11,372 | 0 | 35,798 | 30,727 | -47,962 | -51,145 |
Income taxes paid | ||||||||
1,240 | 555 | 1,278 | 1,372 | 1,322 | 1,671 | 2,426 | -1,493 | -950 |