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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES      
Net (loss) income $ (3,368) $ 90,982 $ (148,986)
Income from discontinued operations (note 23) (274,095) (115,286) (175,721)
Loss from continuing operations (277,463) (24,304) (324,707)
Non-cash and non-operating items:      
Depreciation, Depletion and Amortization 106,084 131,379 153,907
Write-down and (gain) loss on sale of assets (note 18) 92,368 149,238 183,874
Asset retirement obligation extinguishment gain (note 6) (32,950) 0 0
Gain on commencement of sales-type lease (note 2) 0 (44,943) 0
Equity loss (income) 14,107 (5,100) 73,342
Foreign Currency Transaction Gain (Loss), Unrealized and Other 19,363 30,146 42,321
Change in operating assets and liabilities (note 17) (63,414) 118,500 (56,291)
Net operating cash flow - continuing operations (141,905) 354,916 72,446
Net operating cash flow - discontinued operations (note 23) 220,021 629,101 310,860
Net operating cash flow 78,116 984,017 383,306
FINANCING ACTIVITIES      
Proceeds from issuance of long-term debt, net of issuance costs 221,167 574,872 292,048
Prepayments of long-term debt (135,000) (900,767) (615,961)
Scheduled repayments of long-term debt and settlement of related swaps (note 8) (11,229) (49,886) (101,107)
Proceeds from short-term debt 50,000 235,000 200,000
Prepayments of short-term debt (35,000) (275,000) (150,000)
Proceeds from financing related to sale-leaseback of vessels, net of issuance costs 140,226 0 63,720
Prepayments of obligations related to finance leases (184,115) (29,596) 0
Scheduled repayments of obligations related to finance leases (23,873) (25,149) (24,221)
Purchase of Common Stock of Subsidiaries (4,749) 0 0
Cash dividends paid 0 0 (5,523)
Other financing activities (1,046) (798) (580)
Net financing cash flow - continuing operations 16,381 (471,324) (341,624)
Net financing cash flow - discontinued operations (note 23) (242,037) (626,189) (40,605)
Net financing cash flow (225,656) (1,097,513) (382,229)
INVESTING ACTIVITIES      
Expenditures for vessels and equipment (21,447) (16,025) (11,628)
Proceeds from sale of vessels and equipment (note 18) 58,090 60,915 20,008
Proceeds from sale of assets, net of cash sold (notes 13 and 18) 0 24,977 100,000
Proceeds from repayments of advances to equity-accounted joint venture 1,500 4,650 0
Other investing activities 0 (9,983) 0
Net Cash Provided by (Used in) Investing Activities, Continuing Operations 38,143 64,534 108,380
Cash Provided by (Used in) Investing Activities, Discontinued Operations (30,973) (1,473) (158,771)
Net investing cash flow 7,170 63,061 (50,391)
Decrease in cash, cash equivalents, restricted cash and cash held for sale (140,370) (50,435) (49,314)
Cash, cash equivalents, restricted cash and cash held for sale, beginning of the year 405,890 456,325 505,639
Cash, cash equivalents, restricted cash and cash held for sale, end of the year $ 265,520 $ 405,890 $ 456,325