v3.25.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES:    
Net income $ 111,674 $ 174,830
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 159,430 142,136
Amortization of unfavorable lease terms (5,792) (6,307)
Other non-cash adjustments (4,764) (5,057)
Amortization of operating lease assets/ liabilities (373) (2,594)
Amortization and write-off of deferred finance costs and  discount 3,899 3,709
Loss/ (gain) on sale of vessels, net 329 (9,133)
Changes in operating assets and liabilities:    
Decrease in accounts receivable 12,098 1,348
Decrease in prepaid expenses and other current assets 2,184 1,628
Decrease in amounts due from related parties (including current and non-current portion) 34,958 10,050
Payments for dry dock and special survey costs (77,215) (38,590)
Increase/ (decrease) in accounts payable 866 (7,128)
Increase/ (decrease) in accrued expenses 5,105 (950)
Decrease in deferred revenue (3,755) (6,021)
Increase/ (decrease) in amounts due to related parties 39,536 (32,006)
Net cash provided by operating activities 278,180 225,915
INVESTING ACTIVITIES:    
Net cash proceeds from sale of vessels 33,717 91,400
Other investments 903 8,457
Deposits for acquisition/ option to acquire vessel (109,905) (182,627)
Acquisition of/ additions to vessels (193,365) (211,187)
Net cash used in investing activities (268,650) (293,957)
FINANCING ACTIVITIES:    
Cash distributions paid (3,004) (3,080)
Repayment of long-term debt, finance lease and financial liabilities (245,735) (199,256)
Payments of deferred finance costs (5,271) (4,973)
Proceeds from long-term debt, finance lease and financial liabilities 345,314 311,020
Acquisition of treasury units (23,000) (5,000)
Net cash provided by financing activities 68,304 98,711
Increase in cash, cash equivalents and restricted cash 77,834 30,669
Cash, cash equivalents and restricted cash, beginning of   period 299,789 249,175
Cash, cash equivalents and restricted cash, end of period 377,623 279,844
Supplemental disclosures of cash flow information    
Cash interest paid 65,539 67,978
Non cash financing activities    
Financial and finance lease liabilities 0 27,463
Non cash investing activities    
Deposits for acquisition/ option to acquire vessel 287,381 101,687
Acquisition of/ additions to vessels $ (287,381) $ (138,800)