| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Profit for the period | ||||||
84,209 | 28,051 | 53,668 | ||||
Adjustments for: | ||||||
Depreciation | ||||||
137,187 | 122,957 | 106,641 | ||||
Share of profit of associates | ||||||
1,159 | 1,422 | 1,216 | ||||
Financial income | ||||||
2,650 | 720 | 427 | ||||
Financial costs | ||||||
139,181 | 137,316 | 91,956 | ||||
Unrealized foreign exchange (gain)/ loss on cash and cash equivalents | ||||||
-772 | 1,020 | 518 | ||||
Unrealized loss/(gain) on derivative financial instruments held for trading, including ineffective portion of cash flow hedges (Note 15) | ||||||
-10,505 | -18,530 | 138 | ||||
Recycled loss of cash flow hedges reclassified to profit or loss | ||||||
-4,368 | -23,514 | -1,290 | ||||
Non-cash defined benefit obligations | ||||||
- | -25 | 26 | ||||
Share-based compensation (Note 17) | ||||||
4,565 | 3,869 | 2,872 | ||||
Adjusted profit/(loss) | ||||||
354,424 | 296,030 | 255,466 | ||||
(Increase)/decrease in trade and other receivables including related parties, net | ||||||
-7,601 | 4,872 | -2,054 | ||||
Decrease/(increase) in prepayments and other assets | ||||||
-1,465 | -1,807 | 1,924 | ||||
(Increase)/decrease in inventories | ||||||
1,622 | -1,964 | -1,543 | ||||
(Increase)/decrease in other non-current assets | ||||||
1,396 | 27,133 | -23,172 | ||||
Increase/(decrease) in other non-current liabilities | ||||||
299 | -419 | 220 | ||||
(Increase)/decrease in restricted cash | ||||||
42 | -42 | - | ||||
Increase in accounts payable and other current liabilities | ||||||
1,544 | 11,517 | 9,654 | ||||
Cash provided by operations | ||||||
350,261 | 335,320 | 240,495 | ||||
Interest paid | ||||||
126,631 | 78,788 | 78,916 | ||||
Net cash provided by operating activities | ||||||
223,630 | 256,532 | 161,579 | ||||
Cash flows from investing activities: | ||||||
Payments for tangible fixed assets, vessels under construction and vessel held under finance lease | ||||||
82,352 | 761,513 | 728,446 | ||||
Dividends received from associate | ||||||
1,315 | 1,413 | 1,675 | ||||
Return of contributed capital from associate | ||||||
59 | 137 | - | ||||
Other investments | ||||||
14,125 | - | 55 | ||||
Purchase of short-term investments | ||||||
-37,244 | -19,500 | -74,592 | ||||
Maturity of short-term investments | ||||||
55,244 | 7,500 | 97,007 | ||||
Restricted cash | ||||||
- | 62,718 | -39,892 | ||||
Financial income received | ||||||
2,504 | 721 | 359 | ||||
Net cash used in investing activities | ||||||
-74,599 | -771,242 | -704,052 | ||||
Cash flows from financing activities: | ||||||
Proceeds from bank loans and bonds | ||||||
280,000 | 2,274,318 | 606,000 | ||||
Proceeds from sale and finance leaseback | ||||||
- | -217,000 | - | ||||
Bank loan and bond repayments | ||||||
397,008 | 1,983,576 | 103,709 | ||||
Payment of loan issuance costs | ||||||
8,830 | 44,125 | 25,969 | ||||
Proceeds from issuance of Preference Shares (net of underwriting discounts and commissions) | ||||||
- | - | 111,378 | ||||
Proceeds from GasLog Partners' public common unit offerings (net of underwriting discounts and commissions) | ||||||
141,395 | 52,731 | 172,875 | ||||
Proceeds from GasLog Partners' preference unit offerings (net of underwriting discounts and commissions) | ||||||
139,222 | - | - | ||||
Payment of equity raising costs | ||||||
2,032 | 442 | 1,839 | ||||
Payment for NOK bonds repurchase at a premium | ||||||
-1,459 | -2,120 | - | ||||
Payment for cross currency swaps' termination | ||||||
-20,603 | -31,986 | - | ||||
Payment for interest rate swaps' termination | ||||||
- | -30,296 | - | ||||
Proceeds from entering into interest rate swaps | ||||||
- | 25,465 | - | ||||
Proceeds from stock options' exercise | ||||||
1,223 | - | - | ||||
Dividends paid | ||||||
121,071 | 99,207 | 84,527 | ||||
Payments for vessel held under finance lease | ||||||
- | 714 | - | ||||
Payments for finance lease liability | ||||||
3,572 | - | - | ||||
Net cash provided by financing activities | ||||||
7,265 | 439,766 | 634,317 | ||||
Effects of exchange rate changes on cash and cash equivalents | ||||||
772 | -1,020 | -830 | ||||
Increase/(decrease) in cash and cash equivalents | ||||||
157,068 | -75,964 | 91,014 | ||||
Non-cash investing and financing activities | ||||||
Capital expenditures - net payable at the end of the period | ||||||
3,016 | 2,038 | 12,576 | ||||
Equity raising costs included in liabilities at the end of the period | ||||||
364 | 5 | 59 | ||||
Loan issuance costs included in liabilities at the end of the period | ||||||
1,526 | - | 247 | ||||
Receivables from stock options exercise included in assets at the end of the year | ||||||
- | 108 | - | ||||