DryShips Inc. Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2018 12 months to Dec 31, 2018	FY2017 12 months to Dec 31, 2017	FY2016 12 months to Dec 31, 2016	FY2015 12 months to Dec 31, 2015	FY2014 12 months to Dec 31, 2014
Cash Flows from Operating Activities:
Net income/(loss)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:
Depreciation
Amortization and write off of deferred financing fees
Amortization of convertible senior notes debt discount
Amortization of fair value of acquired time charters
Amortization of cash flow hedge reserve
Vessel impairment charge
Loss on sale of assets, net
Gain on sale of notes
Impairment loss and (gain)/loss from sale of vessels and vessel owning companies and other
Impairment on goodwill
Loss on contract cancellation
Net proceeds from sale in ownerships of subsidiary
Losses of affiliated company
Loss on change of control
Forfeiture of advances for vessel acquisitions
Loss on Private Placement
Amortization of stock based compensation
Gain on debt restructuring
Change in fair value of derivatives
Security deposits for derivatives
Amortization of free lubricants benefit
Write off expenses regarding spin off

Changes in operating assets and liabilities:
Trade accounts receivable
Due from related parties
Other current and non-current assets
Accounts payable and other current and non-current liabilities
Accrued liabilities
Due to related parties
Deferred revenue
Net Cash Provided by/(Used in) Operating Activities
Cash Flows from Investing Activities:
Short term investment
Sale of notes
Advances for vessel acquisitions and drillships under construction
Vessel acquisitions and improvements
Drilling rigs, drillships equipment and other improvements
Advance for fixed asset purchase
Investment in affiliates
Investment in debt securities
Prepaid vessels' improvements
Cash decrease due to deconsolidation of Ocean Rig
Acquisition of Nautilus, net of cash acquired
Short term investments
Fixed assets additions
Net proceeds from sale of vessels and vessel owning companies
(Increase)/Decrease in restricted cash

Net Cash Provided by/(Used in) Investing Activities
Cash Flows from Financing Activities:
New Loans
Principal payments and repayments of long-term debt and senior notes
Proceeds from long-term debt
Principal payments and prepayments of long-term debt
Payments of convertible notes
Net proceeds from stock issuance
Repurchase of common stock
Net proceeds from sale in ownerships of subsidiary
Dividends and distribution paid
Payment of financing costs, net

Net Cash Provided by/(Used in) Financing Activities
Net increase/ (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
Net increase / (decrease) in cash and cash equivalents and restricted cash
Cash and cash equivalents and restricted cash at beginning of year
Cash and cash equivalents and restricted cash at end of year
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest, net of amount capitalized
Income taxes
Non cash investing activities:
Fixed Assets additions (Note 4)
Investment in affiliates (Notes 10, 13)
Noncash Investing and Financing Items
Non cash financing activities:
Issuance of non-vested shares
Repayment of long-term debt (Notes 4, 11)
Conversion of loan into Stock (Notes 4, 14)
Preferred stock
Common Stock
Total conversion of loan into Stock (Notes 4, 14)
Exchange of Preferred Stock into loan (Notes 4, 14)
Interest write off due to debt restructuring
Interest write off due to the long-term debt restructuring
Preferred Shares forfeiture with common stock issuance (Notes 4, 14)
Stockholders' Contribution upon preferred shares forfeiture (Note 14)
Common stock issuance (Notes 4, 14)
Loan drawdown for vessels additions (Note 3)
Repurchase of common stock (Notes 14)
Loan drawdown and loans assumed for vessels additions (Note 4)
Finance lease liability (Notes 4, 12)
Capital contribution for common control transaction (Notes 6,7)
Capital distribution for common control transaction (Notes 6,7)

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