Teekay tankers ltd. (TNK)
CashFlow / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash, cash equivalents and restricted cash provided by (used for)
OPERATING ACTIVITIES
Net loss

-58,023

67,823

183,626

68,906

-2,709

-370,181

-113,075

-23,142

55,460

Non-cash items:
Depreciation and amortization

100,481

104,149

73,760

53,292

50,973

72,365

74,482

77,317

76,201

Loss (gain) on sale of vessels

-

-

-

9,955

-71

-

-

-

-

(Gain) loss on sale of vessels (note 14)

-12,984

-20,594

771

-

-

-

-

-

-

Asset impairments (note 13)

-

-

-

-

-

352,546

-

-

-

Unrealized (gain) loss on derivative instruments (note 9)

937

9,679

8,193

11,676

8,363

1,580

11,238

-13,825

22,853

Equity (income) loss

-25,370

7,680

11,528

4,951

854

-1

-

-

-

Vessel impairment and net loss on sale of vessels (note 17)

-

-

-

-

-

-

-58,034

-

-

Vessel impairment and net loss on sale of vessels (note 18)

-

-

-

-

-

-

-

1,864

-

Goodwill impairment charge (note 6)

-

-

-

-

-

-

19,294

-

-

Other

-8,093

-10,063

-3,034

1,260

-1,513

-1,188

-553

190

-849

Change in operating assets and liabilities

-5,741

-30,004

-1,655

60,847

6,633

19,794

833

1,961

-35,330

Expenditures for dry docking

14,069

8,608

39,617

17,072

19,245

7,003

3,197

9,311

15,790

Net operating cash flow

-

-

-

-

14,753

27,542

24,020

-

-

Expenditures for dry docking

14,069

8,608

39,617

17,072

-

-

-

-

-

Net operating cash flow

79,640

206,666

201,966

16,437

-

-

-

58,402

129,197

FINANCING ACTIVITIES
Proceeds from long-term debt, net of issuance costs

232,825

906,149

688,695

98,796

59,179

32,226

15,000

185,000

-

Repayments of long-term debt

109,006

162,092

40,029

20,367

25,246

13,522

-

-

-

Repayment of long-term debt of Entities under Common Control (note 3)

109,006

162,092

40,029

20,367

25,246

13,522

-

-

-

Proceeds from issuance of common stock, net of share issuance costs (note 3)

-

-

-

-

-

65,771

-

-

-

Acquisition of 13 vessels from Teekay Corporation (note 1)

-

-

-

-

-

-

0

-

-

Prepayment of long-term debt

443,796

979,877

191,592

-

-

-

118,328

33,050

20,000

Repayment from long-term debt (note 1)

-

-

-

-

-

-

1,800

3,150

3,600

Prepayments of long-term debt

-

-

-

167,000

25,000

60,000

-

-

-

Proceeds from financing related to sales and leaseback of vessels (note 8)

153,000

0

0

-

-

-

-

-

-

Scheduled repayments of obligations related to capital leases (note 8)

4,090

0

0

-

-

-

-

-

-

Proceeds from long-term debt of Dropdown Predecessor

-

-

-

-

-

-

-

55,604

-

Proceeds from long-term debt of Dropdown Predecessor (note 1)

-

-

-

-

-

-

-

-

505,227

Repayments of long-term debt of Dropdown Predecessor

-

-

-

-

-

-

-

18,567

18,238

Prepayment of long-term debt of Dropdown Predecessor

-

-

-

-

-

-

-

173,464

-

Esther Spirit LLC and Iskmati Spirit LLC from Teekay Corporation (note 1)

-

-

-

-

-

-

-

244,185

-

Net advances from affiliates (note 3)

0

0

-825

-17,376

1,576

16,913

-287,101

168,215

-

Increase in restricted cash - long-term

-2,672

0

0

-

-

-

-

-

-

Return of capital to Teekay Corporation (note 3)

0

15,000

0

-

-

-

-

-

-

Equity contribution from Teekay Corporation

-

-

-

1,267

-

-

-

-

-

Return of capital to parent

-

-

-

0

-

-

-

-

-

Acquisition of the Explorer Spirit and Navigator Spirit from Teekay Offshore Partners L.P. (note 3)

0

0

31,870

0

-

-

-

-

-

Shares issuance costs

-

-

-

-

-

-

4,949

9,395

3,092

Cash dividends paid

20,679

46,847

15,139

10,165

10,030

32,231

51,358

55,244

50,350

Prepayment of long-term debt of Dropdown Predecessor (note 1)

-

-

-

-

-

-

-

-

553,200

Acquisition of Ashkini Spirit LLC from Teekay Corporation (note 1)

-

-

-

-

-

-

-

-

57,000

Contribution of capital from Teekay Corporation to Dropdown Predecessor (note 1)

-

-

-

-

-

-

-

-

-5,160

Contribution of capital from Teekay Corporation

-

-

-

-

-

-

-

-35,691

-

Net advances from (to) affiliates (note 1)

-

-

-

-

-

-

-

-

-284

Proceeds from issuance of Class A common stock (note 12)

5,000

0

0

-

-

-

112,054

211,978

68,600

Proceeds from equity offerings, net of offering costs (note 12)

8,521

7,558

242,264

111,190

-

-

-

-

-

Other

241

744

1,122

255

-

-

-

-

-

Net financing cash flow

-

-

-

-

-9,648

-13,905

-16,006

-

-

Net financing cash flow

-181,138

-290,853

647,678

6,150

-

-

-

48,051

-137,097

INVESTING ACTIVITIES
Proceeds from sales of vessels (note 14)

52,131

27,550

11,080

154,000

9,114

-

0

35,396

-

Expenditures for vessels and equipment

4,732

9,226

236,229

2,084

-

-

-

-

-

Expenditures for vessels and equipment

-

-

-

-

1,904

-

-

-

-

Expenditures for vessels and equipment

-

-

-

-

-

2,518

4,337

11,987

8,366

Deposit for vessel purchase

-

-

-

3,700

-

-

-

-

-

Investment in term loans

-

-

-

-1,179

9,120

-

-

-

-

Advances to joint venture

-

-

-

-

-

-

-

9,830

-

Investment in joint venture (note 5)

-

-

-

-

-

-

0

-

-

Investment in term loans (note 4)

-

-

-

-

-

-

0

115,575

-

Net investing cash flow

-

-

-

-

-5,800

-5,862

-4,337

-

-

Net investing cash flow

78,780

21,824

-880,881

116,300

-

-

-

-101,996

-8,366

Decrease in cash and cash equivalents

-22,718

-62,363

-31,237

138,887

-695

7,775

3,677

4,457

-16,266