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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
OPERATING ACTIVITIES    
Net income $ 13,480 $ 136,114
Non-cash and non-operating items:    
Depreciation and amortization 176,669 200,205
Unrealized (gain) loss on derivative instruments (note 10) 34,608 (22,373)
(Write-down) and gain (loss) on sale of assets (note 13) (88,098) (171,548)
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 $39,089 (2020 - $32,297) (64,544) (29,751)
Foreign currency exchange loss and other 9,647 33,747
Receipts from direct financing and sales-type leases 11,108 337,363
Change in other operating assets and liabilities (87,030) 92,310
Increase (Decrease) in Asset Retirement Obligations (1,419) (15,207)
Expenditures for dry docking 34,131 9,623
Net operating cash flow 44,320 894,136
Supplemental Cash Flow Elements [Abstract]    
Proceeds from Dividends Received 39,089 32,297
FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt, net of issuance costs 491,227 1,109,267
Early Repayment of Long-Term Debt (251,543) (1,639,223)
Scheduled repayments of long-term debt (182,837) (267,953)
Proceeds from short-term debt 35,000 235,000
Prepayment of short-term debt (25,000) (265,000)
Proceeds from Lease Payment, Sales-Type and Direct Financing Leases, Financing Activity 72,065 0
Prepayment of obligations related to finance leases (185,514) 0
Repayments of obligations related to finance leases 66,661 71,135
Payments for Repurchase of Equity 0 15,635
Distributions paid from subsidiaries to non-controlling interests (64,281) (58,081)
Other financing activities (1,041) (798)
Net financing cash flow (178,585) (973,558)
INVESTING ACTIVITIES    
Expenditures for vessels and equipment (40,506) (18,468)
Proceeds from sale of vessels and equipment (note 13) 44,675 60,915
Proceeds from the sale of assets, net of cash sold (note 13) 0 24,977
Repayment of Notes Receivable from Related Parties 11,830 4,650
Other investing activities 0 (6,430)
Net investing cash flow 15,999 65,644
(Decrease) in cash, cash equivalents, restricted cash and cash held for sale (118,266) (13,778)
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 $ 287,624 $ 442,547