| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | |
|---|---|---|---|---|---|---|
Series A Preferred Stock [Member] | ||||||
OPERATING ACTIVITIES | ||||||
Net income (loss) | ||||||
59,190 | 41,377 | 41,279 | - | - | - | |
Net income (loss) | ||||||
- | - | - | 1,314 | 40,466 | 4,188 | |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||||
Cash received and recorded as deferred revenue | ||||||
- | - | - | - | - | 934 | |
Depreciation and amortization | ||||||
21,054 | 10,552 | 2,653 | 1,317 | 8 | 0 | |
Equity in losses (earnings) of joint ventures | ||||||
5,139 | 16,622 | 17,123 | -5,330 | 40,228 | 5,007 | |
Changes in accrued interest income on advances to joint ventures | ||||||
-3,955 | -743 | -2,406 | 4,349 | 1,381 | - | |
Changes in accrued interest income on advances to joint ventures and demand note | ||||||
- | - | - | - | - | 1,619 | |
Amortization of deferred debt issuance cost and fair value of debt assumed | ||||||
828 | 2,013 | 2,480 | 4,362 | 379 | 379 | |
Amortization in revenue for above market contract | ||||||
3,631 | 2,405 | 605 | 0 | 0 | - | |
Changes in accrued interest expense | ||||||
218 | -227 | -162 | 1,146 | - | - | |
Changes in accrued interest expense | ||||||
- | - | - | - | 352 | 114 | |
Refundable value added tax on import | ||||||
- | - | - | 26,298 | 0 | 0 | |
Net currency exchange losses (gains) | ||||||
-908 | 109 | -102 | 271 | 0 | 0 | |
Unrealized loss (gain) on derivative instruments | ||||||
2,463 | 1,839 | 949 | -161 | 0 | 0 | |
Non-cash revenue: tax paid directly by charterer | ||||||
861 | 0 | 0 | - | - | - | |
Non-cash income tax expense: tax paid directly by charterer | ||||||
861 | 0 | 0 | - | - | - | |
Deferred tax expense and provision for tax uncertainty | ||||||
1,614 | 3,548 | -1,033 | -24 | 0 | - | |
Issuance of units for Board of Directors' fees | ||||||
189 | 189 | 0 | 0 | - | - | |
Other adjustments | ||||||
-632 | -426 | -135 | -59 | 38 | 2,187 | |
Changes in working capital: | ||||||
Restricted cash | ||||||
-1,112 | -2,829 | -10,007 | 22,180 | 0 | 0 | |
Trade receivables | ||||||
1,035 | 83 | 2,011 | 6,115 | 58 | 0 | |
Unbilled construction contract income | ||||||
- | - | - | -55,174 | 51,062 | 4,111 | |
Inventory | ||||||
-29 | -70 | -271 | 0 | 0 | - | |
Prepaid expenses and other receivables | ||||||
-188 | 81 | -235 | -26 | 530 | 0 | |
Trade payables | ||||||
-804 | -321 | 154 | 864 | -212 | 143 | |
Amounts due to owners and affiliates | ||||||
-628 | -9,228 | -3,486 | 6,019 | 0 | 0 | |
Value added and withholding tax liability | ||||||
4,519 | 3,043 | 2,892 | 7,660 | 4,614 | 0 | |
Accrued liabilities and other payables | ||||||
-6,939 | 743 | 4,330 | 3,781 | 6,473 | -469 | |
Net cash provided by (used in) operating activities | ||||||
81,059 | 39,428 | 42,785 | - | - | - | |
INVESTING ACTIVITIES | ||||||
Expenditure for purchase of Hoegh Grace entities | ||||||
137,475 | 0 | 0 | - | - | - | |
Cash acquired in the purchase of the Hoegh Grace entities | ||||||
3,774 | 0 | 0 | - | - | - | |
Increase in restricted cash for acquisition of Hoegh Grace entities | ||||||
- | - | - | 0 | - | - | |
Decrease (increase) in restricted cash designated for purchase of the Hoegh Grace entities | ||||||
-91,768 | 91,768 | 0 | -10,700 | 0 | 9,950 | |
Expenditure for vessel and other equipment | ||||||
21 | 537 | 955 | - | - | - | |
Expenditure for vessel and other equipment | ||||||
- | - | - | 170,906 | 36,323 | 57,768 | |
Demand note made to Hoegh LNG | ||||||
- | - | - | 140,000 | 0 | 0 | |
Receipts from repayment of principal on advances to joint ventures | ||||||
0 | 6,029 | 5,796 | 6,666 | 5,542 | 6,009 | |
Receipts from repayment of principal on direct financing lease | ||||||
3,485 | 3,192 | 2,919 | 1,341 | 0 | 0 | |
Net cash provided by (used in) operating activities | ||||||
- | - | - | 27,976 | -41,217 | -7,635 | |
Cash acquired in the acquisition of the Hoegh Gallant | ||||||
0 | 0 | 7,695 | 0 | 0 | - | |
Net cash provided by (used in) investing activities | ||||||
-38,469 | -83,084 | 15,455 | - | - | - | |
FINANCING ACTIVITIES | ||||||
Net cash provided by (used in) investing activities | ||||||
- | - | - | -292,199 | -30,781 | -61,709 | |
Proceeds from long-term debt | ||||||
- | - | - | 257,099 | 0 | 0 | |
Proceeds from amounts due to owners and affiliates | ||||||
- | - | - | 10,193 | 15,207 | 0 | |
Proceeds from loans and promissory notes due to owners and affiliates | ||||||
25,730 | 8,622 | 0 | 650 | 101,493 | 61,664 | |
Repayment of long-term debt | ||||||
45,458 | 32,208 | 22,348 | 44,766 | 0 | 0 | |
Repayment of amounts due to owners and affiliates | ||||||
58,705 | 12,617 | 0 | - | - | - | |
Repayment of customer loan for funding of value added liability on import | ||||||
- | - | - | 25,400 | 0 | 0 | |
Repayments of loans and promissory notes due to owners and affiliates | ||||||
- | - | - | 49,150 | 0 | 0 | |
Contributions from (distributions to) owners | ||||||
- | - | - | 11,198 | 35,333 | -7,780 | |
Customer loan for funding of value added liability on import | ||||||
-5,878 | -6,233 | -4,769 | 26,297 | 0 | 0 | |
Payment of debt issuance cost | ||||||
0 | 0 | 189 | 8,023 | 9,361 | 0 | |
Proceeds from initial public offering, net of underwriters' discounts and expenses | ||||||
- | - | - | 203,467 | 0 | 0 | |
Cash from proceeds of initial public offering distributed to Hoegh LNG | ||||||
- | - | - | 43,467 | 0 | 0 | |
Net proceeds from issuance of common units | ||||||
0 | 111,529 | 0 | 0 | - | - | |
Net proceeds from issuance of 8.75% Series A Preferred Units | ||||||
110,924 | 0 | 0 | - | - | - | |
Cash distributions to limited partners | ||||||
57,037 | 43,877 | 35,524 | - | - | - | |
Cash distributions to unitholders | ||||||
- | - | - | 4,826 | 0 | 0 | |
Cash distributions to non-controlling interest | ||||||
9,457 | 0 | 0 | - | - | - | |
Proceeds from indemnifications received from Hoegh LNG | ||||||
2,075 | 3,843 | 6,596 | 0 | 0 | - | |
Repayment of indemnifications received from Hoegh LNG | ||||||
1,534 | 0 | 0 | - | - | - | |
Cash settlement of derivative instruments | ||||||
- | - | - | 1,100 | 0 | 0 | |
(Increase) decrease in restricted cash | ||||||
514 | 644 | 385 | -15,184 | 0 | 0 | |
Net cash provided by (used in) financing activities | ||||||
-38,826 | 29,703 | -55,849 | - | - | - | |
Net cash provided by (used in) financing activities | ||||||
- | - | - | 294,592 | 72,006 | 69,444 | |
Increase (decrease) in cash, cash equivalents and restricted cash | ||||||
3,764 | -13,953 | 2,391 | 30,369 | 8 | 100 | |
Effect of exchange rate changes on cash and cash equivalents | ||||||
- | - | - | - | - | 0 | |