Cash flows from operating activities: | |
Net income | -192.65M |
Adjustments to reconcile net income to net cash provided by operating activities: | |
Depreciation and amortization | 58.15M |
Amortization of deferred financing costs | 2.2M |
Amortization of time charters acquired | |
Amortization of discount on Convertible Senior Notes | |
Unrealized gain on derivative instruments | |
Amortization of nonvested stock compensation expense | 14.51M |
Change in assets and liabilities: | |
Increase in due from charterers | 2.12M |
Increase in prepaid expenses and other current assets | 4.22M |
Increase in other noncurrent assets | |
(Decrease) increase in accounts payable and accrued expenses | -5.39M |
Decrease in deferred revenue | 438K |
Increase (decrease) in deferred rent credit | 539K |
Deferred drydock costs incurred | -2.02M |
Net cash provided by operating activities | |
Cash flows from investing activities: | |
Purchase of vessels | |
Deposits on vessels | |
Deposits on vessels to be sold | |
Purchase of other fixed assets | |
Changes in deposits of restricted cash | 0 |
Net cash used in investing activities | |
Cash flows from financing activities: | |
Repayments on the 2007 Credit Facility | 0 |
Proceeds from the $100 Million Term Loan Facility | |
Repayments on the $100 Million Term Loan Facility | 0 |
Proceeds from the $253 Million Term Loan Facility | |
Repayments on the $253 Million Term Loan Facility | |
Proceeds from the Baltic Trading 2010 Credit Facility | |
Proceeds from issuance of common stock by subsidiary | |
Payments of subsidiary common stock issuance costs | |
Payment of Convertible Senior Notes issuance costs | |
Payment of dividend by subsidiary | |
Payment of deferred financing costs | |
Net cash provided by financing activities | |
Net increase in cash and cash equivalents | |
Cash and cash equivalents at beginning of period | 121.07M |
Cash and cash equivalents at end of period | 40.03M |