Component: (Network and Table)
Network
00500 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS
(http://www.gener8maritime.com/role/StatementConsolidatedStatementsOfCashFlows)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001443799 (http://www.sec.gov/CIK)
CONSOLIDATED STATEMENTS OF CASH FLOWSPeriod [Axis]
2016-01-01 - 2016-12-31
2015-01-01 - 2015-12-31
2014-01-01 - 2014-12-31
CONSOLIDATED STATEMENTS OF CASH FLOWS
 
 
 
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
Net income / (loss)
67,306,000  
129,569,000  
(47,084,000) 
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
 
 
 
Loss on disposal of vessels, net
24,169,000  
805,000  
8,729,000  
Goodwill impairment
23,297,000  
0  
2,099,000  
Goodwill write-off for sales of vessels
2,994,000  
 
1,249,000  
Loss on impairment of vessel held for sale
 
520,000  
 
Payment-in-kind interest expense
17,776,000  
5,220,000  
7,354,000  
Depreciation and amortization
87,191,000  
47,572,000  
46,118,000  
Amortization of fair value of related-party chartered-in vessel
427,000  
2,610,000  
 
Amortization of deferred financing costs and senior notes
11,792,000  
3,294,000  
737,000  
Write-off of commitment premium shares
 
6,040,000  
 
Net unrealized gain on derivative financial instrument
(699,000) 
  
Stock-based compensation expense
5,651,000  
12,243,000  
1,215,000  
Provision for bad debts
(3,814,000) 
3,764,000  
1,990,000  
Changes in assets and liabilities:
 
 
 
Decrease (increase) in due from charterers
15,377,000  
32,633,000  
(6,388,000) 
Increase in due from Navig8 pools
(22,664,000) 
(36,209,000) 
 
Decrease in prepaid expenses and other current and noncurrent assets
53,094,000  
18,880,000  
10,960,000  
Increase in working capital at Navig8 pools
(7,100,000) 
(26,000,000) 
 
Decrease in accounts payable and other current and noncurrent liabilities
(5,779,000) 
(35,731,000) 
(25,989,000) 
Deferred drydock costs incurred
(10,086,000) 
(9,321,000) 
(12,787,000) 
Net cash provided by (used in) operating activities
258,932,000  
 
155,889,000  
 
(11,797,000) 
 
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
Payments for vessels under construction
(963,675,000) 
(389,958,000) 
(248,623,000) 
Payment of professional fees for 2015 merger
 
(10,295,000) 
 
Payment of capitalized interest
(16,881,000) 
(20,016,000) 
(6,629,000) 
Proceeds from sale of vessels
86,897,000  
 
22,703,000  
Cash at Navig8 Crude upon merger
 
28,876,000  
 
Deposit of cash merger consideration
 
(1,187,000) 
 
Restricted cash
 
(765,000) 
 
Purchase of vessel improvements and other fixed assets
(9,300,000) 
(5,513,000) 
(5,470,000) 
Net cash used in investing activities
(902,959,000) 
 
(398,858,000) 
 
(238,019,000) 
 
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
Borrowings under credit facilities and senior notes
794,175,000  
829,892,000  
125,020,000  
Repayments of credit facilities
(187,054,000) 
(746,747,000) 
(21,371,000) 
Proceeds from issuance of common stock
26,000  
236,351,000  
197,743,000  
Payment of underwriters' commission
 
(15,363,000) 
 
Payment of common stock issuance costs
 
(6,543,000) 
(1,621,000) 
Deferred financing costs paid
(25,974,000) 
(44,727,000) 
(354,000) 
Net cash provided by financing activities
581,173,000  
 
252,863,000  
 
299,417,000  
 
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
 
338,000  
(5,000) 
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS
(62,854,000) 
 
10,232,000  
 
49,596,000  
 
CASH AND CASH EQUIVALENTS, beginning of period
157,535,000  
147,303,000  
97,707,000  
CASH AND CASH EQUIVALENTS, end of period
94,681,000  
 
157,535,000  
 
147,303,000  
 
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION -
 
 
 
Cash paid during the period for interest, net of capitalized interest
30,418,000  
9,240,000  
22,157,000