Seanergy maritime holdings corp. (SHIP)
CashFlow / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net loss

-3,235

-24,623

-8,956

80,348

10,907

-

-

-

-

Net (loss) / income

-

-

-

-

-

-193,768

-197,756

1,641

31,569

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation

10,518

8,531

1,865

3

982

15,606

-

-

-

Amortization of deferred dry-docking costs

870

556

38

0

232

3,648

7,313

3,657

1,045

Depreciation

-

-

-

-

-

-

28,856

29,328

26,812

Amortization of deferred finance charges

531

265

72

0

1,090

466

989

738

696

Amortization of convertible promissory note beneficial conversion feature

2,127

1,163

334

0

0

-

-

-

-

Gain on extinguishment of convertible promissory notes

0

0

200

0

0

-

-

-

-

Stock based compensation

730

624

178

0

15

15

-

-

-

Amortization of acquired time charters

-

-

-

-

-

-

266

319

125

Stock Based Compensation

-

-

-

-

-

-

-14

0

0

Loss on sale of vessels

-

-

-

-

-

-15,590

0

0

-

Loss on bad debt

0

0

30

38

-

327

0

0

-

Gain on debt refinancing

11,392

0

0

-

-

-

-

-

-

Gain on restructuring

-

-

-

85,563

-

-

-

-

-

Gain on restructuring

-

-

-

-

-

0

-

-

-

Impairment of vessels and deferred charges

-

-

-

-

-

147,143

188,995

0

0

Impairment of goodwill

-

-

-

-

-

4,365

12,910

0

0

Gain on disposal of subsidiaries

-

-

-

-

-

0

0

-

-

Payments for dry-docking

-

-

-

-

-

1,607

6,414

5,519

7,119

Payments for dry-docking

-

-

-

-

-

-

-

-

7,119

Change in fair value of financial instruments

-

-

-

-

-

2,038

4,202

27

-189

Changes in operating assets and liabilities:
Accounts receivable trade, net

843

1,496

1,287

-1,188

-1,025

1,193

765

493

263

Gain on acquisition

-

-

-

-

-

-

-

-

6,813

Due from related parties

-

-

-

-

-

-405

405

-265

-1,760

Inventories

748

1,069

2,980

-61

1,005

-1,152

1,053

70

-1,222

Other current assets

-453

432

353

-661

-1,113

2,013

-371

-904

191

Deferred charges - non-current

144

934

1,232

0

1,041

-

-

-

-

Other non-current assets

26

5

0

0

-141

-36

-3

0

180

Other non-current assets

26

5

0

-

-

-

-

-

180

Trade accounts and other payables

2,345

371

5,715

-1,884

-658

2,291

255

37

-3,299

Accrued charges on convertible note due to shareholders

-

-

-

-

-

-

-

-

670

Due to related parties

0

0

-105

875

2,914

10,205

-2,928

4,025

0

Due to underwriters

-

-

-

-

-

-

-

19

400

Due to underwriters

-

-

-

-

-

-

-

-

400

Accrued liabilities

1,705

14

1,990

-10,380

7,147

486

1,356

-2,071

-885

Premium amortization on convertible note due to shareholders

-

-

-

-

-

-

-

-

379

Accrued liabilites

-

-

-

-

-

1,948

927

-1,002

1,176

Deferred revenue - related party

-

-

-

-

-

-142

-899

148

-2,523

Deferred revenue

-109

1,696

154

-205

315

-504

-862

314

246

Net proceeds from sale of vessels

-

-

-

105,959

-

58,933

-

-

-

Additions to office furniture & equipment

-

-

-

64

-

0

-

-

-

Net cash used in operating activities

2,782

-15,339

-4,737

-

-

-

26,439

31,537

43,208

Cash flows from investing activities:
Net cash used in operating activities

-

-

-

-14,858

1,030

2,418

-

-

-

Vessels acquisitions and improvements

32,992

40,779

201,684

0

0

-

-

-

-

Acquisition of businesses, including of cash acquired

-

-

-

-

-

-

-

-17,913

-36,374

Additions to office furniture and equipment

-

-

-

-

-

-

-

28

21

Acquisition of noncontrolling interest

-

-

-

-

-

-

-

10,000

0

Net cash used in investing activities

-32,992

-40,779

-201,684

-

-

-

0

7,885

36,353

Cash flows from financing activities:
Proceeds from sale of vessels

-

-

-

-

-

-

0

0

-

Cash disposed of upon disposal of subsidiaries

-

-

-

-

-

-3,531

0

0

-

Cash paid at subsidiary disposal

-

-

-

-

-

0

0

-

-

Net cash (used in) / provided by investing activities

-

-

-

105,895

993

55,402

-

-

-

Net proceeds from issuance of common stock and warrants

2,637

22,606

13,820

3,204

-

-

-

-

-

Deemed distribution upon acquisition of MCS

-

-

-

-

-

-

-

2,054

0

Deemed distribution upon acquisition of MCS

-

-

-

-

-

-

-

-

0

Net proceeds from issuance of common stock

-

-

-

-

0

10,000

0

28,526

0

Proceeds from long term debt and financial liability

34,500

32,000

179,047

0

0

-

-

-

-

Proceeds from convertible promissory notes

9,000

9,400

15,765

0

0

-

-

-

-

Proceeds from related party debt

16,200

12,800

0

0

-

-

-

-

-

Repayments of long term debt

36,435

650

600

94,443

5,246

98,816

53,145

67,941

54,878

Repayments of related party debt

0

6,900

0

0

-

-

-

-

-

Payments of financing costs

561

584

930

0

0

-

172

841

0

Repayments of convertible promissory notes

0

0

200

0

0

-

-

-

-

Restricted cash (retained)/released

-

-

-

0

-

17,560

-

-

-

Net cash provided by / (used in) financing activities

-

-

-

-91,239

-3,246

-71,256

-

-

-

Noncontrolling interest contribution

-

-

-

-

-

-

-

-

10,000

Restricted cash released (retained)

-

-

-

-

-

-

9,175

6,932

-1,381

Net cash (used in) / provided by financing activities

25,341

68,672

206,902

-

-

-

-62,492

-49,242

-43,497

Net decrease in cash and cash equivalents and restricted cash

-4,869

12,554

481

-

-

-

-

-

-

Net increase / (decrease) in cash and cash equivalents

-

-

-

-202

-1,223

-13,436

-36,053

-9,820

36,064

SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the period for:
Interest

14,661

7,973

855

10,557

0

9,481

11,045

11,070

6,447

Noncash financing activities:
Conversion of related party debt into convertible promissory note

4,750

0

0

-

-

-

-

-

-

Issuance of common shares at fair value for the acquisition of BET

-

-

-

-

-

-

-

30,952

0

Issuance of common shares at fair value for the acquisition of MCS

-

-

-

-

-

-

-

26,743

0

Deemed distribution to controlling shareholder BET acquisition

-

-

-

-

-

-

-

-18,113

0

Deemed distribution to controlling shareholder MCS Acquisition

-

-

-

-

-

-

-

-10

0

Issuance of common shares at fair value for the acquisition of BET

-

-

-

-

-

-

-

-

0

Issuance of common shares at fair value for the acquisition of MCS

-

-

-

-

-

-

-

-

0

Deemed distribution to controlling shareholder - BET acquisition

-

-

-

-

-

-

-

-

0

Deemed distribution to controlling shareholder - MCS acquisition

-

-

-

-

-

-

-

-

0

Issuance of common shares at fair value upon conversion of convertible note

-

-

-

-

-

-

-

-

29,597

Issuance warrants for offering

-

-

-

-

-

-

-

1,053

0