Navios maritime partners l.p. (NMM)
CashFlow / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
OPERATING ACTIVITIES:
Net loss

-14,851

-52,549

41,805

-

-

-

-

-

-

Net (loss)/ income

-

-

-

74,853

59,006

95,898

65,335

60,511

34,322

Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization

72,760

92,370

75,933

95,822

77,505

71,622

63,971

41,174

15,877

Vessel impairment losses

32,677

27,201

0

0

-

-

-

-

-

Loss on sale of securities

0

-19,435

0

0

-

-

-

-

-

Gain on debt repayment

0

-2,140

0

0

-

-

-

-

-

Non cash accrued interest income and amortization of deferred revenue

12,512

5,717

0

0

-

-

-

-

-

Non cash accrued interest income from receivable from affiliates

204

0

0

-

-

-

-

-

-

Amortization and write-off of deferred financing cost and discount

9,744

4,003

3,727

3,091

4,035

787

-

-

-

Write-off of intangible asset

-

-

-

-

-

-

3,979

-

0

Write-off of intangible asset

-

-

-

-

-

-

-

0

-

Write-off of intangible asset

-

-

-

-

-

-

-

-

0

Amortization and write-off of deferred financing cost

-

-

-

-

-

-

530

415

683

Amortization of deferred dry dock and special survey costs

6,725

6,381

4,043

761

0

25

61

92

415

Equity in earnings of affiliates

866

-59

94

0

-

-

-

-

-

Equity compensation expense

1,904

93

0

0

-

-

-

-

-

Allowance for doubtful accounts

1,495

0

0

-

-

-

-

-

49

Loss on vessel disposal

-1,260

0

0

-

-

-

-

-

-

Gain on change in control

4,068

0

0

-

-

-

-

-

-

Changes in operating assets and liabilities:
Compensation expense

-

-

-

-

-

-

-

-

6,082

Net decrease/ (increase) in restricted cash

-435

5,286

426

-223

2

3

2

-2

-822

Decrease/ (increase) in accounts receivable

6,071

6,023

-9,279

-3,020

8,520

2,943

3,899

-334

-338

(Increase)/ decrease in prepaid expenses and other current assets

40

303

-173

-193

1,069

-1,583

-396

-1,797

-406

Decrease in other long-term assets

0

-61

-20

9

-188

202

-75

-154

0

(Decrease)/ increase in accounts payable

1,630

570

-1,118

653

1,081

68

946

558

-76

(Decrease)/ increase in accrued expenses

6,642

1,929

-1,107

-253

277

613

1,045

97

182

Increase/ (decrease) in deferred revenue

-2,200

-1,000

1,786

1,313

-6,115

-6,038

-6,417

-5,211

24,172

Net decrease in amounts due to related parties

-11,105

3,025

6,800

1,423

-21,544

17,671

1,444

-

-

Net increase in amounts due from related parties

26,131

20,089

0

0

-

-

-

-

-

Payments for dry dock and special survey costs

3,290

5,493

17,545

9,429

0

-

-

-

-

Payments for dry dock and special survey costs

-

-

-

-

-

0

-

-

-

Increase in amounts due to related parties

-

-

-

-

-

-

-

669

425

Net cash provided by operating activities

53,934

56,527

123,276

171,661

104,842

179,081

127,464

96,018

80,565

INVESTING ACTIVITIES:
Net cash proceeds from sale of vessels

113,818

0

0

-

-

-

-

-

-

Deposits for vessels acquisitions

9

0

0

-

-

-

-

-

-

Acquisition of vessels and favorable lease terms, net of cash acquired

158,241

15,341

147,830

156,221

341,193

46,307

0

291,591

23,683

Deposit for option to acquire vessel

2,770

0

0

-

-

-

-

-

-

Acquisition of vessels from related parties

-

-

-

-

-

42,198

76,220

-

-

Deposits for acquisition of vessels, net of transfers to vessel acquisitions

-

-

-

10

7,271

0

0

-

-

Change to acquisition of Navios Containers assets and favorable lease terms, net of cash

115,884

0

0

-

-

-

-

-

-

Acquisition of intangibles from related parties

-

-

-

-

-

21,193

43,780

-

-

Investment in affiliates

-10,000

0

-700

0

500

0

0

-

-

Repayments of notes receivable

4,687

0

0

-

-

-

-

-

-

Loans receivable from affiliates

-9,005

-450

-771

-470

-280

0

0

-

-

Note receivable from affiliates

4,050

0

0

-

-

-

-

-

-

Navios Containers repayment of sellers credit to Navios Partners

14,000

0

0

-

-

-

-

-

-

Change in control of Navios Containers, including disposed cash

19,757

0

0

-

-

-

-

-

-

Acquisition of intangibles

-

-

-

-

-

-

-

156,166

42,917

Increase in restricted cash

-

-

-

-

98,179

0

0

-

-

Release of restricted cash for vessel acquisitions

-

-

-

33,429

64,750

0

-

-

-

Proceeds from sale of securities

0

20,842

0

0

-

-

-

-

-

Release of restricted cash for vessel acquisitions

-

-

-

-

-

-

0

-

-

Deposit for vessel acquisitions

-

-

-

-

-

-

-

-

-2,500

Net cash used in investing activities

-187,211

5,051

-149,301

-123,272

-382,673

-109,698

-120,000

-447,757

-69,100

FINANCING ACTIVITIES:
Cash distributions paid

0

0

132,306

138,994

122,382

106,878

95,499

72,316

39,016

Net proceeds from issuance of general partner units

2,638

10

1,528

2,233

3,167

1,472

2,052

-

-

Proceeds from issuance of common units, net of offering costs

98,774

440

72,090

104,499

148,022

68,563

86,288

-

-

Proceeds from long-term borrowing of Navios Containers, net of financing cost

60,111

0

0

-

-

-

-

-

-

Proceeds from noncontrolling interest

17,324

0

0

-

-

-

-

-

-

Common units issuance cost for Navios Europe I loans

726

0

0

-

-

-

-

-

-

Net proceeds from issuance of general partner units

-

-

-

-

-

-

-

6,150

2,948

Proceeds from issuance of common units, net of offering costs

-

-

-

-

-

-

-

253,871

-

Proceeds from issuance of common units, net of offering costs

-

-

-

-

-

-

-

-

126,807

Proceeds from long-term debt

514,703

29,000

79,819

56,000

434,500

44,000

35,000

139,000

0

Net decrease in restricted cash

1,407

5,347

-6,409

0

28,354

-21,058

-7,642

12,500

-12,500

Repayment of long-term debt and payment of principal

546,465

104,624

60,696

7,060

201,412

70,340

30,450

12,500

40,000

Deferred financing cost

7,802

1,141

746

918

9,204

1,088

413

1,566

200

Net cash provided by financing activities

139,964

-70,968

-46,720

15,760

281,045

-85,329

-10,664

325,139

38,039

Increase/ (decrease) in cash and cash equivalents

6,687

-9,390

-72,745

64,149

3,214

-15,946

-3,200

-26,600

49,504

Supplemental disclosures of cash flow information
Cash interest paid

26,630

26,694

26,787

-

-

-

-

-

-

Cash interest paid

-

-

-

25,870

13,324

9,957

8,131

5,806

7,590

Non cash financing activities
Equity compensation expense

1,904

93

0

-

-

-

-

-

-

Due to related parties

-

-

-

253

0

0

-

-

-

Acquisition of vessels

-

-

-

253

0

-

-

-

-

Issuance of common units for transfer of Navios Europe I loans

28,697

0

0

0

-

-

-

-

-

Receivable from affiliates

-29,423

0

0

-

-

-

-

-

-

Non cash investing activities
Notes receivable

7,540

-

-

-

-

-

-

-

-

Notes receivable

-

6,112

0

0

-

-

-

-

-

Accrued interest on loan receivable from affiliates

278

238

0

0

-

-

-

-

-

Acquisition of vessels

-

-

-

-

-

0

-

-

-

Issuance of common units to Navios Holdings related to the acquisition of the Navios Luz and the Navios Orbiter in May 2011

-

-

-

-

-

-

9,960

0

0

Issuance of common units to Navios Holdings related to the acquisition of the Navios Fulvia and the Navios Melodia in November 2010

-

-

-

-

-

-

-

14,971

0

Issuance of common units to Navios Holdings related to the acquisition of the Navios Aurora II in March 2010

-

-

-

-

-

-

-

20,326

0

Issuance of units in connection with the non-cash compensation expense related to the relief of the obligation on Navios Bonavis

-

-

-

-

-

-

-

-

6,082