| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|
Tordis Knutsen [Member] | ||||||
Vigdis Knutsen [Member] | ||||||
Anna Knutsen [Member] | ||||||
OPERATING ACTIVITIES | ||||||
Net income | ||||||
68,064 | 61,102 | 40,442 | 27,392 | 15,064 | 745 | -16,338 |
Adjustments to reconcile net income to cash provided by operating activities: | ||||||
Depreciation | ||||||
71,583 | 56,230 | 48,844 | 34,322 | 23,768 | 21,181 | - |
Depreciation and amortization | ||||||
- | - | - | - | - | - | 16,229 |
Amortization of contract intangibles / liabilities | ||||||
1,089 | 1,518 | 1,518 | 1,518 | 1,518 | 1,518 | 868 |
Amortization of deferred revenue | ||||||
1,487 | 1,629 | 1,913 | 1,170 | 427 | 427 | - |
Amortization of deferred debt issuance cost | ||||||
1,737 | 1,198 | 1,149 | 3,021 | 1,741 | 982 | 658 |
Goodwill impairment charge | ||||||
- | - | 6,217 | - | - | - | - |
Drydocking expenditure | ||||||
6,885 | 2,595 | - | - | - | - | - |
Income tax expense | ||||||
-16 | -15 | -59 | 15 | 2,827 | - | - |
Income tax expense | ||||||
- | - | - | - | - | 1,261 | - |
Income taxes paid | ||||||
219 | 255 | 348 | 731 | - | - | - |
Deferred income tax (benefit) expense | ||||||
- | - | - | - | - | - | -1,240 |
Unrealized (gain) loss on derivative instruments | ||||||
7,391 | 5,033 | -390 | -3,910 | 1,770 | -549 | -8,923 |
Unrealized (gain) loss on foreign currency transactions | ||||||
-45 | -93 | -22 | 136 | -32 | -579 | -3,056 |
Other items | ||||||
- | - | - | -16 | - | 1 | 2,677 |
Changes in operating assets and liabilities: | ||||||
Decrease (increase) in trade accounts receivable | ||||||
- | - | - | - | -99 | 6 | 93 |
Decrease (increase) in amounts due from related parties | ||||||
-62,391 | 33 | -1,008 | 49 | 77 | - | - |
Decrease in receivables from owner and affiliates | ||||||
- | - | - | - | - | - | -386 |
Decrease (increase) in inventories | ||||||
358 | 20 | -210 | -58 | -197 | 71 | -218 |
Decrease (increase) in other current assets | ||||||
1,724 | 110 | -1,222 | 172 | -2,555 | 1,609 | 211 |
Decrease (increase) in accrued revenue | ||||||
540 | 1,153 | - | - | - | - | - |
Increase (decrease) in trade accounts payable | ||||||
2,195 | 45 | 45 | 337 | 662 | -334 | -7,874 |
Increase (decrease) in accrued expenses | ||||||
142 | -1,699 | -737 | -2,092 | 771 | -342 | 324 |
Increase (decrease) prepaid revenue | ||||||
1,435 | 3,995 | -4,306 | 793 | 101 | - | - |
Increase (decrease) prepaid revenue | ||||||
- | - | - | - | - | 1,684 | -5,626 |
Increase (decrease) in amounts due to related parties | ||||||
-33,298 | -159 | -1,508 | -4,625 | 109 | - | - |
Increase (decrease) in other liabilities | ||||||
- | - | - | - | 26 | - | - |
Net cash provided by operating activities | ||||||
154,585 | 108,445 | 89,160 | 59,339 | 44,160 | - | - |
Net cash provided by operating activities | ||||||
- | - | - | - | - | 19,307 | 11,473 |
INVESTING ACTIVITIES | ||||||
Disposals (additions) to vessel and equipment | ||||||
849 | 846 | 1,526 | -6 | -215 | 52 | 137,276 |
Net cash used in investing activities | ||||||
-94,857 | -13,952 | -46,488 | -121,946 | -55,468 | - | - |
Settlement of foreign exchange forward contracts | ||||||
- | - | - | - | - | - | 828 |
Net cash provided by (used in) investing activities | ||||||
- | - | - | - | - | -52 | -138,104 |
FINANCING ACTIVITIES | ||||||
Proceeds from long-term debt | ||||||
211,500 | 30,000 | - | 377,813 | 45,422 | - | 176,299 |
Repayment of long-term debt | ||||||
297,708 | 60,992 | 78,276 | 420,196 | 142,873 | 28,083 | 17,166 |
Proceeds from issuance of long-term debt from related parties (Notes 17 and 19) | ||||||
- | 25,000 | - | 12,000 | 10,453 | - | - |
Repayment of long-term debt from related parties | ||||||
-93,369 | -24,018 | -32,253 | -10,612 | - | - | - |
Accumulated interest from related party | ||||||
- | - | - | 263 | - | - | - |
Repayment of short-term debt | ||||||
- | - | - | - | - | - | 20,000 |
Payment of debt issuance cost | ||||||
1,241 | 174 | 9 | 5,004 | 1,098 | - | 2,536 |
Repurchase of common units | ||||||
- | - | 2,298 | - | - | - | - |
Changes in payables to owners and affiliates (Note 20) | ||||||
- | - | - | - | - | 3,491 | -47,846 |
Changes in payables to related parties | ||||||
- | - | - | - | -15,174 | - | - |
Contributions from/distribution to owner, net (Note 20) | ||||||
- | - | - | - | 11,623 | 3,414 | 38,040 |
Proceeds from public offerings, net of underwriters' discount | ||||||
- | - | - | 147,023 | 168,313 | - | - |
Cash distributed to KNOT | ||||||
- | - | - | - | 21,954 | - | - |
Offering cost | ||||||
- | - | - | 340 | 2,201 | - | - |
Cash distribution | ||||||
68,970 | 60,161 | 53,370 | 36,637 | 13,163 | - | - |
Net proceeds from issuance of common units | ||||||
120,946 | - | 116,631 | - | - | - | - |
Net proceeds from sale of Convertible Preferred Units | ||||||
87,464 | - | - | - | - | - | - |
Change in restricted cash | ||||||
- | - | - | -458 | 458 | -22 | 346 |
Net cash used in financing activities | ||||||
-41,378 | -90,345 | -49,575 | 64,768 | 38,890 | - | - |
Net cash provided by (used in) financing activities | ||||||
- | - | - | - | - | -21,156 | 126,445 |
Effect of exchange rate changes on cash | ||||||
90 | -57 | -270 | -251 | -33 | -1 | - |
Net increase in cash and cash equivalents | ||||||
18,440 | 4,091 | -7,173 | 1,910 | 27,549 | -1,902 | -186 |