| Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income/(loss) | ||||||
-50,945 | -20,400 | -1,441 | 129,688 | - | ||
Net loss | ||||||
- | - | - | - | 25,260 | ||
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities: | ||||||
Impairment | ||||||
- | - | - | - | 1,431 | ||
Depreciation and amortization | ||||||
65,201 | 65,329 | 65,057 | 42,591 | 14,093 | ||
Amortization of financing costs | ||||||
3,136 | 7,506 | 3,709 | 2,499 | 830 | ||
Unrealized (gain)/loss on derivatives | ||||||
-7,816 | 8,421 | 27,491 | -8,917 | 1,331 | ||
Stock-based compensation expense | ||||||
5,476 | 5,138 | 4,385 | 4,052 | 2,311 | ||
Loss on disposal of assets | ||||||
- | - | - | -1,125 | - | ||
Gain on early extinguishment of debt | ||||||
- | 4,117 | - | - | - | ||
Unrealized foreign currency (gain)/loss, net | ||||||
-303 | 63 | -222 | -96 | -1,244 | ||
Other non-cash items, net | ||||||
48 | -144 | -305 | -138 | -489 | ||
Changes in operating assets and liabilities | ||||||
Trade receivables, net and accrued revenue | ||||||
1,047 | 325 | -96 | -22,739 | 21,018 | ||
Prepaid expenses and other current assets | ||||||
537 | 579 | -343 | 467 | 1,437 | ||
Due from related parties | ||||||
17,574 | -15,576 | -9,847 | 71,717 | -1,252 | ||
Inventories | ||||||
98 | -567 | 292 | -1,087 | 2,317 | ||
Other non-current assets | ||||||
131 | 10 | -19 | -2 | 97 | ||
Trade accounts payable | ||||||
793 | -561 | 743 | 1,044 | 2,731 | ||
Accrued expenses and other liabilities | ||||||
-2,999 | -2,406 | -1,172 | 9,045 | 2,306 | ||
Due to related parties | ||||||
144 | 334 | -697 | 183 | 411 | ||
Payments for drydocking costs | ||||||
604 | 461 | 1,533 | - | 538 | ||
Net cash provided by (used in) operating activities | ||||||
8,883 | 57,249 | 52,103 | 151,027 | - | ||
Cash flows from investing activities: | ||||||
Net cash provided by operating activities | ||||||
- | - | - | - | 25,623 | ||
Vessel-related capital expenditures | ||||||
3,972 | 297 | 1,911 | 895,063 | 314,173 | ||
Purchases of investment securities | ||||||
499 | - | - | - | - | ||
Restricted cash deposits | ||||||
- | - | - | 17,602 | 28,700 | ||
Restricted cash released | ||||||
- | - | - | - | 30,938 | ||
Proceeds from disposal of assets | ||||||
- | - | - | 2,713 | - | ||
Payments to acquire other fixed assets | ||||||
47 | 139 | 8 | 462 | 392 | ||
Net cash used in investing activities | ||||||
-4,520 | -437 | -1,919 | -910,414 | - | ||
Cash flows from financing activities: | ||||||
Net cash used in investing activities | ||||||
- | - | - | - | -312,326 | ||
Proceeds from long-term debt borrowings | ||||||
65,137 | 261,000 | - | 676,819 | 80,086 | ||
Repayment of long-term debt borrowings | ||||||
130,205 | 251,994 | 66,265 | 40,794 | 9,612 | ||
Purchase of treasury stock | ||||||
1,310 | 1,220 | 12,953 | 20,943 | - | ||
Financing costs paid | ||||||
628 | 3,113 | 99 | 13,990 | 11,220 | ||
Cash proceeds from common share issuances | ||||||
- | - | - | - | 155,830 | ||
Payments relating to issuance costs | ||||||
- | - | - | - | 1,388 | ||
Net cash used in financing activities | ||||||
-67,005 | 4,671 | -79,318 | 601,090 | - | ||
Effects of exchange rates on cash and cash equivalents | ||||||
-253 | -8 | -197 | - | - | ||
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||
-62,895 | 61,475 | -29,332 | - | - | ||
Effects of exchange rates on cash and cash equivalents | ||||||
- | - | - | -112 | - | ||
Net cash (used in)/provided by financing activities | ||||||
- | - | - | - | 213,694 | ||
Effects of exchange rates on cash and cash equivalents | ||||||
- | - | - | - | -1,301 | ||
Net increase/(decrease) in cash and cash equivalents | ||||||
- | - | - | -158,409 | -74,310 | ||
Cash paid during the period for interest | ||||||
36,906 | 27,958 | 24,537 | 8,354 | 69 | ||
Predelivery costs for vessels and vessels under construction included in liabilities | ||||||
- | - | - | 1,040 | 1,211 | ||
Financing costs included in liabilities | ||||||
595 | 142 | - | - | 1,039 | ||
Issuance costs included in liabilities | ||||||
- | - | - | - | 244 | ||