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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:      
Net income/(loss) $ 92,564,653 $ 111,841,258 $ (50,945,905)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:      
Depreciation and amortization 68,462,476 66,262,530 65,201,151
Amortization of operating lease right-of-use asset 9,218,537 1,885,522  
Amortization of financing costs 4,695,360 2,893,392 3,136,051
Unrealized (gain)/loss on derivatives (7,202,880) 18,206,769 7,816,401
Stock-based compensation expense 3,356,199 3,227,686 5,476,234
Unrealized foreign currency (gain)/loss, net (210,010) 311,539 303,835
Other non-cash items, net (1,091,825) (1,200,001) (48,182)
Changes in operating assets and liabilities      
Trade receivables, net and accrued revenue 618,625 563,272 (1,047,956)
Prepaid expenses and other current assets (1,192,336) (222,510) (537,549)
Due from related parties 10,656,326 (25,692,058) (17,574,923)
Inventories (11,261) 115,434 (98,730)
Other non-current assets 1,490,267 (1,356,007) (131,457)
Operating lease liabilities-current and long-term (9,221,782) (1,888,347)  
Trade accounts payable 212,173 1,470,669 793,925
Accrued expenses and other liabilities 4,309,014 (2,078,325) (2,999,444)
Due to related parties (319,047) (52,794) 144,129
Payments for drydocking costs (5,738,793) (5,251,622) (604,147)
Net cash provided by operating activities 170,595,696 169,036,407 8,883,433
Cash flows from investing activities:      
Vessel-related capital expenditures (9,492,953) (19,883,090) (3,972,815)
Payments for short-term investments   (14,888,638)  
Purchases of investment securities (4,743,809)   (499,690)
Proceeds from sale of investment securities 275,393 1,767,906  
Proceeds from maturity of short-term investments 15,000,000    
Payments to acquire other fixed assets (17,541) (141,012) (47,799)
Net cash provided by/(used in) investing activities 1,021,090 (33,144,834) (4,520,304)
Cash flows from financing activities:      
Proceeds from long-term debt borrowings 55,378,172   65,137,500
Repayment of long-term debt borrowings (99,418,395) (63,968,414) (130,205,069)
Purchase of treasury stock (126,260,923) (50,642,795) (1,310,064)
Financing costs paid (4,183,321) (40,547) (628,144)
Net cash used in financing activities (174,484,467) (114,651,756) (67,005,777)
Effects of exchange rates on cash and cash equivalents 205,753 (323,336) (253,086)
Net increase/(decrease) in cash, cash equivalents, and restricted cash (2,661,928) 20,916,481 (62,895,734)
Cash, cash equivalents, and restricted cash at the beginning of the period 87,389,127 66,472,646 129,368,380
Cash, cash equivalents, and restricted cash at the end of the period 84,727,199 87,389,127 66,472,646
Supplemental disclosure of cash flow information      
Cash paid during the period for interest 21,787,205 32,461,153 36,906,567
Cash paid for amounts included in the measurement of operating lease liabilities 10,088,410 2,810,468  
Vessel-related capital expenditures included in liabilities 320,992 4,408,333 33,015
Financing costs included in liabilities $ 596,800 $ 595,138 $ 595,138