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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net income $ 126,844 $ 79,996 $ 41,189
Adjustments to reconcile net income to net cash from operating activities      
Depreciation and amortization 114,323 97,313 104,908
Amortization of operating lease right-of-use assets 14,663 31,699 23,496
ARO accretion expense 1,774 1,494 1,430
Amortization of debt issuance costs 6,377 2,664 1,394
Deferred income taxes (3,321) 2,255 (966)
Share of net earnings in equity method investee (883) (2,698) (3,263)
Distributions from equity method investee 4,725 4,950 0
Long-term incentive compensation expense 3,639 956 0
Early extinguishment of lease liability on vessel acquisition 0 21,834 0
Non-cash restructuring expense 0 1,574 0
(Gain)/loss on non-cash items 1,001 (2,224) 0
Changes in operating assets and liabilities:      
Accounts receivable (20,993) 197,903 247,174
Inventories 169,655 (68,583) (82,667)
Other current assets and other assets (12,160) (22,826) (17,792)
Accounts payable and accrued liabilities (54,079) (258,281) 341,339
Current portion of deferred revenue (117,638) (135,154) (2,329)
Net investments in sales-type leases 12,898 12,225 10,229
Operating lease assets and liabilities (14,801) (30,252) (22,436)
Tax receivable agreement liability (5,890) 0 0
Other long-term liabilities 5,751 19,937 (5,745)
Net cash provided by operating activities 231,885 225,090 141,613
Cash flows from investing activities      
Purchases of property and equipment (312,735) (119,267) (36,091)
Sales of property and equipment 4,101 0 0
Net cash used in investing activities (308,634) (119,267) (36,091)
Cash flows from financing activities      
Proceeds from issuance of common stock, net 0 412,148 0
Proceeds from long-term debt - related party 0 654,000 118,309
Repayments of long-term debt - related party (8,404) (653,409) (82,153)
Repayments of long term debt (21,996) (20,311) (29,214)
Proceeds from revolving credit facility 0 140,000 0
Repayments of revolving credit facility 0 (140,000) 0
Proceeds from Term Loan Facility 250,000 0 0
Repayments of Term Loan Facility (64,570) 0 0
Payment of debt issuance costs (7,660) (5,951) (1,188)
Related party note receivables 0 0 (200,500)
Collections of related party note receivables 0 6,600 122,338
Settlement of finance lease liability - related party 0 (25,000) 0
Principal payments under finance lease liabilities (20,619) (20,499) (36,262)
Principal payments under finance lease liabilities - related party 0 (2,912) (15,427)
Cash Paid For Withholding Taxes (52) 0 0
Dividends paid (2,626) (1,313) 0
Distributions (16,178) (4,101) 0
Minority owner contribution - Albania Power Project 3,462 1,932 0
Net cash provided by financing activities 111,357 341,184 (124,097)
Effect of exchange rate on cash, cash equivalents, and restricted cash (121) 0 0
Net increase in cash, cash equivalents and restricted cash 34,487 447,007 (18,575)
Cash, cash equivalents and restricted cash      
Beginning of period 537,971 90,964 109,539
End of period $ 572,458 $ 537,971 $ 90,964