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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
OPERATING ACTIVITIES    
Net income $ 3,900 $ 177,502
Non-cash and non-operating items:    
Depreciation and amortization 117,830 135,853
Unrealized (gain) loss on derivative instruments (note 10) 34,145 (27,544)
(Write-down) and gain (loss) on sale (note 13) (87,401) (105,275)
Settlement of Asset Retirement Obligations Through Noncash Payments, Amount (32,950) 0
Gain on commencement of sales-type lease (note 3) 0 (44,943)
Equity income, net of dividends received $28,589 (2020 - $14,852) (36,679) (22,804)
Foreign currency exchange loss (gain) and other 13,967 (7,250)
Receipts from direct financing and sales-type leases 7,285 334,146
Change in other operating assets and liabilities (85,312) 75,978
Increase (Decrease) in Asset Retirement Obligations (1,419) 0
Expenditures for dry docking 21,014 5,608
Net operating cash flow 18,864 775,693
Supplemental Cash Flow Elements [Abstract]    
Proceeds from Dividends Received 28,589 14,852
FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt, net of issuance costs 315,230 931,871
Early Repayment of Long-Term Debt (151,543) (1,302,389)
Scheduled repayments of long-term debt (156,142) (240,355)
Proceeds from short-term debt 25,000 205,000
Prepayment of short-term debt (25,000) (245,000)
Prepayment of obligations related to finance leases (56,724) 0
Repayments of obligations related to finance leases 46,429 47,162
Payments for Repurchase of Equity 0 15,635
Distributions paid from subsidiaries to non-controlling interests (42,933) (35,519)
Other financing activities (388) (794)
Net financing cash flow (138,929) (749,983)
INVESTING ACTIVITIES    
Expenditures for vessels and equipment (20,090) (12,824)
Proceeds from sale of vessels and equipment (note 13) 32,687 60,915
Proceeds from the sale of assets, net of cash sold (note 13) 0 12,221
Repayment of Notes Receivable from Related Parties 11,830 3,500
Other investing activities 0 (6,430)
Net investing cash flow 24,427 57,382
(Decrease) increase in cash, cash equivalents, restricted cash and cash held for sale (95,638) 83,092
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning balance 405,890 456,325
Cash, cash equivalents, restricted cash and restricted cash equivalents, ending balance $ 310,252 $ 539,417