| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | |
|---|---|---|---|---|---|---|
Operating Activities | ||||||
Net (loss)/ income | ||||||
14,631 | 24,890 | 27,072 | 1,164 | -28,645 | -6,373 | |
Adjustments to reconcile net (loss)/ income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
25,070 | 25,534 | 22,686 | 19,509 | 19,508 | 20,211 | |
Amortization of deferred finance fees | ||||||
2,677 | 1,407 | 2,676 | 712 | 934 | 843 | |
Non-cash loss on extinguishment of 2017 Notes | ||||||
- | - | - | - | -5,442 | 0 | |
Amortization of drydock and special survey costs | ||||||
3,919 | 3,093 | 1,602 | 1,283 | 1,919 | 1,898 | |
Changes in operating assets and liabilities: | ||||||
Decrease/ (increase) in prepaid expenses and other current assets | ||||||
3,144 | -94 | -100 | -7 | 91 | 127 | |
Payments for drydocking | ||||||
-5,725 | -8,113 | -5,713 | 0 | 0 | - | |
Decrease in accounts receivable | ||||||
93 | -2,846 | 4,457 | -164 | 176 | -414 | |
Increase / (decrease) in accounts payable | ||||||
-387 | 1,974 | -310 | 351 | -59 | -3 | |
Increase in accrued expenses | ||||||
-30 | -52 | -1,040 | 1,479 | 55 | -82 | |
Increase in due from related parties, current | ||||||
-15,222 | -2,498 | -2,756 | - | - | - | |
Decrease in due from related parties, non-current | ||||||
2,565 | 0 | 0 | - | - | - | |
(Decrease)/ increase in due to/ from related parties | ||||||
- | - | - | 2,592 | - | - | |
(Decrease)/ Increase in due to/ from related parties | ||||||
- | - | - | - | -37,941 | -11,534 | |
Decrease in deferred revenue | ||||||
-763 | 563 | -7 | 0 | 0 | - | |
Net cash provided by operating activities | ||||||
18,368 | 49,738 | 39,853 | 27,261 | -39,054 | 5,247 | |
Investing Activities | ||||||
Acquisition of vessels | ||||||
0 | 500 | 72,252 | 0 | 0 | - | |
Due from related parties | ||||||
- | - | - | 52,314 | 4,531 | 31,225 | |
Net cash used in investing activities | ||||||
0 | -500 | -72,252 | -52,314 | -4,531 | -31,225 | |
Financing Activities | ||||||
Proceeds from Long term debt, net of deferred finance costs and discount | ||||||
0 | 0 | 198,081 | 124,027 | 332,883 | - | |
Loan repayment | ||||||
2,050 | 3,200 | 127,025 | 0 | 354,693 | - | |
IPO expenses | ||||||
- | - | - | - | - | 0 | |
Dividend paid | ||||||
36,111 | 35,180 | 28,904 | 0 | 0 | - | |
Proceeds from issuance of general partner units | ||||||
84 | 89 | 551 | 0 | 0 | - | |
Proceeds from issuance of common units | ||||||
4,004 | 4,010 | 0 | 0 | - | - | |
Loan and senior notes proceeds, net of deferred financing costs | ||||||
- | - | - | - | - | 0 | |
Repayment of 2017 Notes | ||||||
- | - | - | - | - | 0 | |
Cash remittance to Navios Acquisition | ||||||
- | - | - | 214,854 | 0 | 0 | |
IPO proceeds, net of underwriting discount | ||||||
- | - | - | 113,906 | 0 | 0 | |
IPO expenses | ||||||
0 | 0 | 3,347 | 469 | 0 | - | |
Increase in restricted cash | ||||||
10,000 | 0 | 0 | - | - | - | |
Owner's net investment | ||||||
- | - | - | 24,168 | 69,771 | - | |
Owner's net investment | ||||||
- | - | - | - | - | -30,592 | |
Net cash used in financing activities | ||||||
-44,073 | -34,281 | 39,356 | 46,778 | 47,961 | 30,592 | |
Net (decrease)/ increase in cash and cash equivalents | ||||||
-25,705 | 14,957 | 6,957 | 21,725 | 4,376 | 4,614 | |
Supplemental disclosures of cash flow information | ||||||
Cash interest paid | ||||||
11,614 | 11,428 | 8,100 | 27,786 | 31,695 | 30,592 | |
Non-cash contributions by owners | ||||||
- | - | - | - | 0 | 232 | |
Accrued IPO expenses | ||||||
- | - | - | 3,290 | 0 | 0 | |
Long-term debt | ||||||
- | - | - | 341,034 | 0 | 0 | |
Due from related parties | ||||||
- | - | - | -88,070 | 0 | 0 | |
Due to related parties | ||||||
- | - | - | 2,588 | 0 | 0 | |
Deferred finance costs | ||||||
- | - | - | -7,405 | 0 | 0 | |