SEASPAN CORP SSWA Cash Flow

Seaspan corp (SSWA)

CashFlow / Yearly

Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10
Operating activities:
Net earnings (loss)
175,237	-139,039	199,391	131,247	299,028	121,305	-83,400	-87,747
Items not involving cash:
Depreciation and amortization
199,938	216,098	204,862	181,527	172,459	165,541	140,354	101,026
Share-based compensation (note 15)
17,526	6,378	4,528	8,301	14,604	4,779	3,278	2,670
Amortization of deferred financing fees
11,899	14,181	11,685	10,342	9,477	8,574	3,421	1,933
Amounts reclassified from other comprehensive loss to interest expense (note 19(c))
1,927	3,407	3,319	4,259	5,330	8,310	11,670	12,797
Unrealized change in fair value of financial instruments
44,060	53,998	53,252	13,064	187,522	-11,215	-156,671	-127,374
Equity income on investment (note 8)
5,835	188	5,107	256	-670	-259	-1,180	-
Refinancing expenses and recoveries
0	1,677	5,148	-398	2,017	-	-	-
Operating leases (note 12)
22,589	19,003	9,795	1,428	-	-	-	-
Vessel impairments
0	285,195	0	0	-	-	-	-
Expenses related to customer bankruptcy
0	18,883	0	0	-	-	-	-
Loss (gain) on disposals (note 6)
13,604	-31,876	0	0	-	9,773	-16,237	-
Other income
0	0	6,600	0	-	-	-	-
Other
6,690	34	7,759	10,614	720	-	-	-
Changes in assets and liabilities:
Accounts receivable
-16,584	21,711	323	9,593	-4,577	-5,773	-946	-
Lease receivable
-8,141	-17,783	-21,170	-21,170	-15,675	-14,640	-	-
Prepaid expenses
11,223	-2,108	15,960	-856	1,769	-6,226	5,908	-
Accounts receivable and prepaid expenses
-	-	-	-	-	-	-	4,142
Other assets and deferred charges
4,198	17,468	31,011	9,380	2,716	5,846	11,860	8,622
Accounts payable and accrued liabilities
2,270	-8,693	10,143	5,574	6,071	-18,247	13,225	7,489
Deferred revenue
-7,377	4,778	-10,085	3,188	-1,188	-2,746	6,328	909
Other long-term liabilities
-	-	-	0	-610	1,173	-12,278	-100
Fair value of financial instruments
8,107	31,211	0	0	-	-	-	-
Cash from operating activities
323,219	311,087	335,872	342,959	327,669	311,183	239,864	153,587
Financing activities:
Preferred shares issued, net of issuance costs (note 13(b))
2,690	541,694	0	130,415	47,862	74,700	344,539	25,896
Common shares issued, net of issuance costs (note 13(a))
118,966	95,978	0	4,245	73,179	-	-	-
Draws on credit facilities
0	220,485	534,325	660,160	164,000	113,672	601,577	513,625
Senior unsecured notes issued (note 10(c))
80,000	0	0	345,000	-	-	-	-
Repayment of credit facilities
455,005	704,291	607,174	872,659	67,406	44,569	2,619	-
Draws on long-term obligations under capital lease
176,254	180,750	150,000	0	-	-	-	-
Repayment of long-term obligations under capital lease
26,198	24,733	21,691	393,382	-	-	-	-
Repayment of other long-term liabilities
-	-	-	-	39,988	53,516	-	-
Common shares repurchased, including related expenses
0	8,269	13,885	0	8,950	172,812	-	-
Preferred shares redeemed, including related expenses
0	333,074	0	-	-	-	-	-
Preferred shares repurchased, including related expenses
0	0	12,303	0	-	-	24,600	-
Senior unsecured notes repurchased, including related expenses
7,075	0	0	-	-	-	-	-
Preferred shares repurchased, including related expenses (note 13)
-	-	-	0	-	-	-	-
Other long-term liabilities (note 11)
-	-	-	-	-	-	-19,061	21,250
Financing fees
8,226	12,992	17,399	17,405	23,334	3,817	9,990	7,356
Dividends on common shares
61,830	148,556	105,691	62,310	44,379	51,772	34,375	22,958
Dividends on preferred shares
64,416	54,085	53,655	50,443	38,493	33,250	23,178	777
Proceeds from sale-leaseback of vessels
90,753	354,000	542,000	330,000	-	-	-	-
Cash from (used in) financing activities
-154,087	106,907	394,527	73,621	62,491	-181,364	832,293	529,680
Swaption premium payment
-	-	-	-	-	10,000	-	-
Expenditures for vessels
338,518	343,552	712,663	524,255	255,593	209,599	621,947	715,640
Short-term investments
-307	-3,004	2,203	-10,463	-24,425	35,737	-	-
Net proceeds from vessel disposals
37,091	12,078	0	0	-	-	-	-
Proceeds from sale of leased vessels
0	20,000	0	0	-	-	-	-
Cash acquired on acquisition of Seaspan Management Services Ltd.
-	-	-	-	-	23,911	-	-
Restricted cash
1	201	0	-60,000	1,755	7,100	-	65,000
Loans to affiliate (note 4)
2,677	18,096	201,865	210,713	93,700	-	-	-
Repayment of loans to affiliate (note 4)
22,325	67,831	200,680	850	39,633	-	-	-
Other assets
2,384	6,677	583	27,550	3,724	1,039	1,342	-
Intangible assets
-	-	-	-	-	-	-	1,808
Investment in affiliate (note 6(a))
-	-	-	-	4,444	-	1,964	-
Cash used in investing activities
-283,857	-265,613	-716,634	-691,205	-295,158	-229,564	-625,253	-782,448
Increase (decrease) in cash and cash equivalents
-114,725	152,381	13,765	-274,625	95,002	-99,745	446,904	-99,181
Supplemental cash flow information (note 13(b))
-	-	-	-	0	0	-	-
Supplementary information (note 15(b))
-	-	-	-	-	-	0	0