Navigator holdings ltd. (NVGS)
CashFlow / Quarterly
Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
Cash flows from operating activities
Net income

27,532

23,658

19,663

16,882

12,086

11,022

11,461

7,618

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

12,081

11,532

11,146

11,048

10,800

10,125

8,536

7,146

Payment of drydocking costs

203

2,838

2,274

3

-

-

-

-

Amortization of share-based compensation

339

331

301

149

149

188

199

190

Amortization of deferred financing costs

722

744

694

691

722

590

437

404

Unrealized foreign exchange

144

118

-104

-3

-28

-66

8

62

Changes in operating assets and liabilities
Accounts receivable

997

-646

-3,352

-1,640

1,832

3,931

1,689

510

Bunkers and lubricant oils

-1,136

-1,247

225

1,044

-3,689

1,252

2,419

1,120

Prepaid expenses and other current assets

-3,730

-3,196

8,533

-4,023

2,182

-3,450

5,227

-1,683

Accounts payable, accrued interest and other liabilities

-4,950

1,387

-2,419

-1,241

3,221

7,215

-23

2,479

Net cash provided by operating activities

39,367

39,786

21,809

32,150

25,396

26,913

9,874

17,830

Cash flows from investing activities
Payment to acquire vessels

2,854

298

65

284

39,264

113,781

149,529

123,543

Payment for vessels under construction

136,604

5,152

65,962

22,346

16,528

14,205

5,339

5,216

Purchase of other property, plant and equipment

-4

3

91

17

12

33

14

32

Net cash used in investing activities

-137,650

-5,455

-66,119

-22,648

-45,806

-128,019

-154,883

-128,792

Cash flows from financing activities
Issuance costs of 7.75% senior unsecured bonds

-

-

-

-

0

88

0

25

Direct financing cost of secured term loan facilities

-

-

-

-

81

115

1,944

4,725

Repayment of secured term loan facilities

16,438

135,811

15,188

15,187

12,607

9,721

6,710

6,710

Proceeds from issuance of stock

-

-

-

-

171,570

0

0

75,000

Issuance costs of stock

7

-2

9

330

15,460

0

0

19

Net cash provided by/(used in) financing activities

103,521

-136,259

14,801

-15,517

169,137

60,206

138,494

63,519

Net decrease in cash and cash equivalents

5,237

-101,927

-29,508

-6,015

148,727

-40,899

-6,514

-47,443

Supplemental Information
Total interest paid during the period, net of amounts capitalized

6,265

4,498

9,995

4,689

8,778

3,472

8,619

2,167

Total tax paid during the period

163

69

249

77

73

64

11

20