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Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
Credit Analysis

AEGEAN MARINE PETROLEUM NETWORK INC. (ANW)

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12Dec-31-11Dec-31-10
   20-F20-F20-F20-F20-F20-FS-1/A
Cash flows from operating activities:         
    Net income  51.934.816.127.022.411.718.7
    Adjustments to reconcile net income to net cash from operating activities:         
        Depreciation  24.925.821.320.522.121.821.1
        Provision of doubtful accounts  3.62.03.2    
        Share-based compensation  12.210.08.8    
        Amortization  18.419.014.29.910.19.67.7
        Income taxes  1.42.4-0.1-1.40.4-0.4-0.6
        Loss on sale of vessels, net  6.30.112.94.36.0  
        Impairment charge   5.34.1    
        Gain on sale of subsidiary         
        Change in fair value of derivatives  29.4-3.6-19.70.71.5-0.8 
        Other non-cash charges  -0.7-0.4-0.90.31.2 0.4
        (Increase) / Decrease in:         
            Trade receivables  -188.040.7117.94.648.3-84.8-70.3
            Due from related companies  -2.7-0.9-4.00.60.94.4-12.1
            Inventories  -73.242.5146.3-25.123.2-49.0-8.4
            Prepayments and other current assets  18.0-61.7-16.2-8.9-1.3-5.40.2
        Increase / (Decrease) in:         
            Trade payables  59.2-46.6-122.7-1.1-8.643.1-19.3
            Other payables to related companies  0.20.0-0.70.4-0.7 0.0
            Accrued and other current liabilities  -5.2-10.111.417.6-2.40.72.8
            Decrease / (increase) in other non-current assets  0.3-0.1-0.70.00.0-0.10.0
            Increase in other non-current liabilities  1.00.01.30.60.00.10.1
            Payments for dry-docking  -4.7-9.5-10.3-9.0-5.66,910.3-10.1
                Net cash (used in) / provided by operating activities  -47.649.7182.240.6123.5-44.9-64.6
   
Cash flows from investing activities:         
    Advances for vessels under construction   -3.0-2.7-1.6-2.38.7-59.6
    Advances for vessel acquisitions  -8.7 -7.8   -26.6
    Advances for other fixed assets under construction  -2.6-5.4-61.4    
    Proceeds from sale of subsidiary, net of cash surrendered         
    Business acquisitions         
    Net proceeds from sale of vessels  8.10.016.28.3   
    Net proceeds from sale of vessel to a related party  0.4  0.16.0  
    Purchase of other fixed assets  -0.2-0.8-8.0-5.1-0.8-0.2-10.5
    Increase in restricted cash         
    Increase in restricted cash  -0.91.54.2    
    Purchase of intangible assets         
        Net cash used in investing activities  -3.8-7.6-59.5-181.8-58.2-45.6-169.0
   
Cash flows from financing activities:         
    Proceeds from long-term debt  163.0173.3119.5170.8 17.3176.2
    Repayment of long-term debt  -76.2-119.1-35.7-152.8-26.1-77.4-116.8
    Repayment of capital lease obligation    -0.4-1.2-1.3-1.2-1.2
    Net change in short-term borrowings  11.9-69.5-127.6124.8-27.5142.495.1
    Proceeds from short-term borrowings from related parties  20.0      
    Increase in restricted cash  -1.5  0.4 0.00.0
    Financing costs paid  -8.1-9.0-3.3-11.1-0.4-1.3-0.4
    Repurchases of common stock  -99.6   0.0-4.6-24.7
    Dividends paid to non-controlling interest    -0.3-2.7   
    Dividends paid  -3.8-3.9-2.4-1.9-1.9-1.9-1.9
        Net cash provided by / (used in) financing activities  5.8-28.3-50.3    
Effect of exchange rate changes on cash and cash equivalents  0.2-4.1-5.50.60.4-0.6 
    Net (decrease) / increase in cash and cash equivalents  -45.59.867.0-14.78.7-17.931.7
Cash and cash equivalents at beginning of year  139.3129.662.677.268.6  
Cash and cash equivalents at end of year  93.8139.3129.662.677.268.6 
   
SUPPLEMENTAL CASH FLOW INFORMATION         
Cash paid during the year for interest, net of capitalized interest:  26.121.521.4    
Cash paid during the year for income taxes:  2.10.93.40.77.54.11.8
Non cash advances for other fixed assets under construction:    4.2    
Non cash advances for vessels under construction:    1.2    

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