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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Net income $ 79,996 $ 41,189 $ 32,891
Adjustments to reconcile net income to net cash from operating activities      
Depreciation and amortization 97,313 104,908 104,167
Amortization of operating lease right-of-use assets 31,699 23,496 12,381
ARO accretion expense 1,494 1,430 1,370
Amortization of debt issuance costs 2,664 1,394 1,827
Deferred income taxes 2,255 (966) 408
Share of net earnings in equity method investee (2,698) (3,263) (3,094)
Distributions from equity method investee 4,950 0 0
Long-term incentive compensation expense 956 0 0
Early extinguishment of lease liability on vessel acquisition 21,834 0 0
Non-cash restructuring expense 1,574 0 0
(Gain)/loss on other operating (2,224) 0 0
Changes in operating assets and liabilities:      
Accounts receivable 197,903 (247,174) (2,453)
Inventories (68,583) (82,667) (17,114)
Other current assets and other assets (22,826) (17,792) (19,279)
Accounts payable and accrued liabilities (258,281) 341,339 7,318
Derivative liabilities 3,083 445 (602)
Current portion of deferred revenue 135,154 (2,329) 2,050
Net investments in sales-type leases 12,225 10,229 8,777
Operating lease assets and liabilities (30,252) (22,436) (11,912)
Other long-term liabilities 16,854 (6,190) (7,771)
Net cash provided by (used in) operating activities 225,090 141,613 108,964
Cash flows from investing activities      
Purchases of property and equipment (119,267) (36,091) (41,258)
Net cash used in investing activities (119,267) (36,091) (41,258)
Cash flows from financing activities      
Proceeds from issuance of common stock, net 412,148 0 0
Proceeds from long-term debt - related party 654,000 118,309 62,750
Repayments of long-term debt - related party (653,409) (82,153) (16,280)
Repayments of long term debt (20,311) (29,214) (27,617)
Proceeds from revolving credit facility 140,000 0 0
Repayments of revolving credit facility (140,000) 0 0
Payment of debt issuance costs (5,951) (1,188) 0
Related party note receivables 0 (200,500) 0
Collections of related party note receivables 6,600 122,338 0
Settlement of finance lease liability - related party (25,000) 0 0
Principal payments under finance lease liabilities (20,499) (36,262) (34,143)
Principal payments under finance lease liabilities - related party (2,912) (15,427) (14,558)
Dividends paid (1,313) 0 0
Distributions (4,101) 0 (7,590)
Contributions 1,932 0 6,000
Net cash provided by (used in) financing activities 341,184 (124,097) (31,438)
Net increase (decrease) in cash, cash equivalents and restricted cash 447,007 (18,575) 36,268
Cash, cash equivalents and restricted cash      
Beginning of period 90,964 109,539 73,271
End of period $ 537,971 $ 90,964 $ 109,539