Adjustments to reconcile profit for the period to net cash provided by operating activities:
Net finance expense
Depreciation
Gain on sale of vessels
Loss on termination of leased vessels
Amortization of acquired time charters
Related party contingent rental (income) expense
Finance lease payments received
Gain on sale of subsidiary
Share of results from associated company
Gain (loss) on derivatives
Trade accounts receivable
Other receivables
Inventories
Voyages in progress
Prepaid expenses and accrued income
Other current assets
Trade accounts payable
Accrued expenses
Related party balances
Other current liabilities
Other
Net cash provided by operating activities
Additions to newbuildings, vessels and equipment (including related party amounts of $8,630 and $9,128 for the years ended December 31, 2020 and 2019, respectively)
Purchase of shares
Net proceeds from sale of vessel (including related party amounts of $80,000 for the year ended December 31, 2021)
Investment in associated company
Net cash inflow (outflow) on sale of subsidiary
Cash outflow on issuance of loan to associated company
Cash inflow on repayment of loan to associated company
Proceeds from sale of marketable securities
Trafigura asset acquisition
Net cash used in investing activities
Net proceeds from issuance of shares (including related party amounts of $1,932 and $5,825 for the years ended December 31, 2021 and 2020, respectively)
Proceeds from issuance of debt (including related party amounts of $149,700 for the year ended December 31, 2021)
Repayment of debt (including related party amounts of $80,084 and $67,809 for the years ended December 31, 2020 and 2019, respectively)
Repayment of obligations under finance leases (including related party amounts of $5,194, $8,391 and $10,893 for the years ended December 31, 2021, 2020 and 2019, respectively)
Lease termination compensation receipt from related party
Purchase of shares from non-controlling interest
Debt fees paid (including related party amounts of $3,419 for the year ended December 31, 2019)
Cash dividends paid
Net cash provided by financing activities
Net change in cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash at beginning of year
Cash, cash equivalents and restricted cash at end of year
Interest paid, net of interest capitalized
Income taxes paid
Contingent rental income
(Gain) loss on marketable securities
Share of results of associated companies
Stock option expense
Dividends received from associated companies
Other, net
Changes in operating assets and liabilities:
Trade and other receivables
Other receivables
Inventories
Voyages in progress
Prepaid expenses and accrued income
Other current assets
Trade and other payables
Accrued expenses
Related party balances
Other current payables
Change in restricted cash
Other
Interest paid
Debt issuance costs paid
Interest received
Net cash provided by operating activities
Investing activities
Additions to newbuildings, vessels and equipment
Purchase of marketable securities
Proceeds from sale of vessels
Investment in associated companies
Cash inflow on repayment of loan to associated companies
Net cash inflow on sale of subsidiary
Proceeds from sale of marketable securities
Net cash provided by (used in) investing activities
Financing activities
Net proceeds from issuance of shares
Proceeds from issuance of debt
Repayment of debt
Repayment of obligations under leases
Lease termination payments
Cash dividends paid
Net cash provided by (used in) financing activities
Net change in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
