Other Financial Information (Tables)
 6 Months Ended
Jun. 30, 2016
OTHER FINANCIAL INFORMATION [Abstract]  
Other Financial Information Income Statement
 
  
Navios
 Maritime
 Holdings Inc.
 Issuer
 
 
Guarantor
 Subsidiaries
 
 
Non
 Guarantor
 Subsidiaries
 
 
Eliminations
 
 
Total
 
Statement of comprehensive (loss)/income for the three months ended June 30, 2016
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
  
$
—
 
 
$
46,991
 
 
$
58,742
 
 
$
—
 
 
$
105,733
 
Administrative fee revenue from affiliates
 
 
—
 
 
 
5,463
 
 
 
—
 
 
 
—
 
 
 
5,463
 
Time charter, voyage and logistics business expenses
  
 
—
 
 
 
(23,176
 ) 
 
 
(12,919
 ) 
 
 
—
 
 
 
(36,095
 ) 
Direct vessel expenses
  
 
—
 
 
 
(13,302
 ) 
 
 
(21,383
 ) 
 
 
—
 
 
 
(34,685
 ) 
General and administrative expenses incurred on behalf of affiliates
 
 
—
 
 
 
(5,463
 ) 
 
 
—
 
 
 
—
 
 
 
(5,463
 ) 
General and administrative expenses
  
 
(1,777
 ) 
 
 
(1,077
 ) 
 
 
(3,538
 ) 
 
 
—
 
 
 
(6,392
 ) 
Depreciation and amortization
  
 
(701
 ) 
 
 
(20,044
 ) 
 
 
(6,387
 ) 
 
 
—
 
 
 
(27,132
 ) 
Interest expense and finance cost, net
  
 
(19,170
 ) 
 
 
(1,699
 ) 
 
 
(5,829
 ) 
 
 
—
 
 
 
(26,698
 ) 
Other income/(expense), net
  
 
12
 
 
 
(524
 ) 
 
 
(2,018
 ) 
 
 
—
 
 
 
(2,530
 ) 
(Loss)/income before equity in net earnings of affiliated companies
  
 
(21,636)
 
 
 
(12,831)
 
 
 
6,668
 
 
 
—
 
 
 
(27,799)
 
(Loss)/income from subsidiaries
  
 
(7,695
 ) 
 
 
4,701
 
 
 
—
 
 
 
2,994
 
 
 
—
 
Equity in net earnings of affiliated companies
  
 
2,917
 
 
 
843
 
 
 
(336
 ) 
 
 
—
 
 
 
3,424
 
(Loss)/income before taxes
  
 
(26,414)
 
 
 
(7,287)
 
 
 
6,332
 
 
 
2,994
 
 
 
(24,375)
 
Income tax (expense)/benefit
  
 
—
 
 
 
(73
 ) 
 
 
694
 
 
 
—
 
 
 
621
 
Net (loss)/income
  
 
(26,414)
 
 
 
(7,360)
 
 
 
7,026
 
 
 
2,994
 
 
 
(23,754)
 
Less: Net income attributable to the noncontrolling interest
  
 
—
 
 
 
—
 
 
 
(2,662
 ) 
 
 
—
 
 
 
(2,662
 ) 
Net (loss)/income attributable to Navios Holdings common stockholders
  
$
(26,414)
 
 
$
(7,360)
 
 
$
4,364
 
 
$
2,994
 
 
$
(26,416)
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Comprehensive income/( loss)
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized holding gain/(loss) on investments in available-for-sale securities
  
 $
495
 
 
$
495
 
 
$
—
 
 
$
(495
 ) 
 
$
495
 
Reclassification to earnings
 
 
345
 
 
 
345
 
 
 
—
 
 
 
(345
 ) 
 
 
345
 
Total other comprehensive income/(loss)
  
 $
840
 
 
$
840
 
 
$
—
 
 
$
(840)
 
 
$
840
 
Total comprehensive (loss)/income
  
 $
(25,574)
 
 
$
(6,520)
 
 
$
7,026
 
 
$
2,154
 
 
$
(22,914)
 
Comprehensive income attributable to noncontrolling interest
  
 
—
 
 
 
—
 
 
 
(2,662
 ) 
 
 
—
 
 
 
(2,662
 ) 
Total comprehensive income/(loss) attributable to Navios Holdings common stockholders
  
$
(25,574)
 
 
$
(6,520)
 
 
$
4,364
 
 
$
2,154
 
 
$
(25,576)
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
Navios
 Maritime
 Holdings Inc.
 Issuer
 
 
Guarantor
 Subsidiaries
 
 
Non
 Guarantor
 Subsidiaries
 
 
Eliminations
 
 
Total
 
Statement of comprehensive (loss)/income for the three months ended June 30, 2015
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
  
$
—
 
 
$
53,583
 
 
$
66,256
 
 
$
—
 
 
$
119,839
 
Administrative fee revenue from affiliates
 
 
—
 
 
 
3,882
 
 
 
—
 
 
 
—
 
 
 
3,882
 
Time charter, voyage and logistics business expenses
  
 
—
 
 
 
(42,796
 ) 
 
 
(15,060
 ) 
 
 
—
 
 
 
(57,856
 ) 
Direct vessel expenses
  
 
—
 
 
 
(12,888
 ) 
 
 
(22,860
 ) 
 
 
—
 
 
 
(35,748
 ) 
General and administrative expenses incurred on behalf of affiliates
 
 
—
 
 
 
(3,882
 ) 
 
 
—
 
 
 
—
 
 
 
(3,882
 ) 
General and administrative expenses
  
 
(1,096
 ) 
 
 
(3,661
 ) 
 
 
(3,911
 ) 
 
 
—
 
 
 
(8,668
 ) 
Depreciation and amortization
  
 
(701
 ) 
 
 
(20,187
 ) 
 
 
(6,591
 ) 
 
 
—
 
 
 
(27,479
 ) 
Interest expense and finance cost, net
  
 
(19,674
 ) 
 
 
(1,429
 ) 
 
 
(6,735
 ) 
 
 
—
 
 
 
(27,838
 ) 
Other (expense)\income, net
  
 
(126
 ) 
 
 
259
 
 
 
(3,454
 ) 
 
 
—
 
 
 
(3,321
 ) 
(Loss)/income before equity in net earnings of affiliated companies
  
 
(21,597)
 
 
 
(27,119)
 
 
 
7,645
 
 
 
—
 
 
 
(41,071)
 
(Loss)/income from subsidiaries
  
 
(19,205
 ) 
 
 
6,006
 
 
 
—
 
 
 
13,199
 
 
 
—
 
Equity in net earnings of affiliated companies
  
 
15,989
 
 
 
1,180
 
 
 
799
 
 
 
—
 
 
 
17,968
 
(Loss)/income before taxes
  
 
(24,813)
 
 
 
(19,933)
 
 
 
8,444
 
 
 
13,199
 
 
 
(23,103)
 
Income tax (expense)/benefit
  
 
—
 
 
 
(72
 ) 
 
 
1,767
 
 
 
—
 
 
 
1,695
 
Net (loss)/income
  
 
(24,813)
 
 
 
(20,005)
 
 
 
10,211
 
 
 
13,199
 
 
 
(21,408)
 
Less: Net income attributable to the noncontrolling interest
  
 
—
 
 
 
—
 
 
 
(3,405
 ) 
 
 
—
 
 
 
(3,405
 ) 
Net (loss)/income attributable to Navios Holdings common stockholders
  
$
(24,813)
 
 
$
(20,005)
 
 
$
6,806
 
 
$
13,199
 
 
$
(24,813)
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Comprehensive( loss)/ income
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized holding gain/(loss) on investments in available-for-sale securities
  
 $
(213
 ) 
 
$
(213
 ) 
 
$
—
 
 
$
213
 
 
$
(213
 ) 
Total other comprehensive(loss)/ income
  
 $
(213)
 
 
$
(213)
 
 
$
—
 
 
$
213
 
 
$
(213)
 
Total comprehensive (loss)/income
  
 $
(25,026)
 
 
$
(20,218)
 
 
$
10,211
 
 
$
13,412
 
 
$
(21,621)
 
Comprehensive (income)/ loss attributable to noncontrolling interest
  
 
—
 
 
 
—
 
 
 
(3,405
 ) 
 
 
—
 
 
 
(3,405
 ) 
Total comprehensive(loss)/income attributable to Navios Holdings common stockholders
  
$
(25,026)
 
 
$
(20,218)
 
 
$
6,806
 
 
$
13,412
 
 
$
(25,026)
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
Navios
 Maritime
 Holdings Inc.
 Issuer
 
 
Guarantor
 Subsidiaries
 
 
Non
 Guarantor
 Subsidiaries
 
 
Eliminations
 
 
Total
 
Statement of comprehensive (loss)/income for the six months ended June 30, 2016
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
  
$
—
 
 
$
93,259
 
 
$
113,961
 
 
$
—
 
 
$
207,220
 
Administrative fee revenue from affiliates
 
 
—
 
 
 
10,945
 
 
 
—
 
 
 
—
 
 
 
10,945
 
Time charter, voyage and logistics business expenses
  
 
—
 
 
 
(55,020
 ) 
 
 
(27,456
 ) 
 
 
—
 
 
 
(82,476
 ) 
Direct vessel expenses
  
 
—
 
 
 
(26,677
 ) 
 
 
(38,082
 ) 
 
 
—
 
 
 
(64,759
 ) 
General and administrative expenses incurred on behalf of affiliates
 
 
—
 
 
 
(10,945
 ) 
 
 
—
 
 
 
—
 
 
 
(10,945
 ) 
General and administrative expenses
  
 
(3,134
 ) 
 
 
(2,860
 ) 
 
 
(6,836
 ) 
 
 
—
 
 
 
(12,830
 ) 
Depreciation and amortization
  
 
(1,443
 ) 
 
 
(32,455
 ) 
 
 
(13,061
 ) 
 
 
—
 
 
 
(46,959
 ) 
Interest expense and finance cost, net
  
 
(38,990
 ) 
 
 
(3,425
 ) 
 
 
(12,033
 ) 
 
 
—
 
 
 
(54,448
 ) 
Other (expense)\income, net
  
 
60
 
 
 
12,249
 
 
 
(3,175
 ) 
 
 
—
 
 
 
9,134
 
(Loss)/income before equity in net earnings of affiliated companies
  
 
(43,507)
 
 
 
(14,929)
 
 
 
13,318
 
 
 
—
 
 
 
(45,118)
 
(Loss)/income from subsidiaries
  
 
(5,389
 ) 
 
 
8,322
 
 
 
—
 
 
 
(2,933
 ) 
 
 
—
 
Equity in net earnings of affiliated companies
  
 
15,016
 
 
 
1,691
 
 
 
(331
 ) 
 
 
—
 
 
 
16,376
 
(Loss)/income before taxes
  
 
(33,880)
 
 
 
(4,916)
 
 
 
12,987
 
 
 
(2,933)
 
 
 
(28,742)
 
Income tax expense
  
 
—
 
 
 
(142
 ) 
 
 
(282
 ) 
 
 
—
 
 
 
(424
 ) 
Net (loss)/income
  
 
(33,880)
 
 
 
(5,058)
 
 
 
12,705
 
 
 
(2,933)
 
 
 
(29,166)
 
Less: Net income attributable to the noncontrolling interest
  
 
—
 
 
 
—
 
 
 
(4,715
 ) 
 
 
—
 
 
 
(4,715
 ) 
Net (loss)/income attributable to Navios Holdings common stockholders
  
$
(33,880)
 
 
$
(5,058)
 
 
$
7,990
 
 
$
(2,933)
 
 
$
(33,881)
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Comprehensive( loss)/ income
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized holding gain/(loss) on investments in available-for-sale securities
  
 $
100
 
 
$
100
 
 
$
—
 
 
$
(100
 ) 
 
$
100
 
Reclassification to earnings
 
 
345
 
 
 
345
 
 
 
—
 
 
 
(345
 ) 
 
 
345
 
Total other comprehensive loss
  
 $
445
 
 
$
445
 
 
$
—
 
 
$
(445)
 
 
$
445
 
Total comprehensive (loss)/income
  
 $
(33,435)
 
 
$
(4,613)
 
 
$
12,705
 
 
$
(3,378)
 
 
$
(28,721)
 
Comprehensive income attributable to noncontrolling interest
  
 
—
 
 
 
—
 
 
 
(4,715
 ) 
 
 
—
 
 
 
(4,715
 ) 
Total comprehensive (loss)/income attributable to Navios Holdings common stockholders
  
$
(33,435)
 
 
$
(4,613)
 
 
$
7,990
 
 
$
(3,378)
 
 
$
(33,436)
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
Navios
 Maritime
 Holdings Inc.
 Issuer
 
 
Guarantor
 Subsidiaries
 
 
Non
 Guarantor
 Subsidiaries
 
 
Eliminations
 
 
Total
 
Statement of comprehensive (loss)/income for the six months ended June 30, 2015
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
  
$
—
 
 
$
106,801
 
 
$
131,318
 
 
$
—
 
 
$
238,119
 
Administrative fee revenue from affiliates
 
 
—
 
 
 
7,804
 
 
 
—
 
 
 
—
 
 
 
7,804
 
Time charter, voyage and logistics business expenses
  
 
—
 
 
 
(85,731
 ) 
 
 
(42,059
 ) 
 
 
—
 
 
 
(127,790
 ) 
Direct vessel expenses
  
 
—
 
 
 
(25,610
 ) 
 
 
(40,955
 ) 
 
 
—
 
 
 
(66,565
 ) 
General and administrative expenses incurred on behalf of affiliates
 
 
—
 
 
 
(7,804
 ) 
 
 
—
 
 
 
—
 
 
 
(7,804
 ) 
General and administrative expenses
  
 
(2,214
 ) 
 
 
(5,748
 ) 
 
 
(7,517
 ) 
 
 
—
 
 
 
(15,479
 ) 
Depreciation and amortization
  
 
(1,394
 ) 
 
 
(34,232
 ) 
 
 
(13,058
 ) 
 
 
—
 
 
 
(48,684
 ) 
Interest expense and finance cost, net
  
 
(39,384
 ) 
 
 
(2,944
 ) 
 
 
(13,548
 ) 
 
 
—
 
 
 
(55,876
 ) 
Other (expense)\income, net
  
 
(67
 ) 
 
 
760
 
 
 
(5,928
 ) 
 
 
—
 
 
 
(5,235
 ) 
(Loss)/income before equity in net earnings of affiliated companies
  
 
(43,059)
 
 
 
(46,704)
 
 
 
8,253
 
 
 
—
 
 
 
(81,510)
 
(Loss)/income from subsidiaries
  
 
(36,504
 ) 
 
 
6,534
 
 
 
—
 
 
 
29,970
 
 
 
—
 
Equity in net earnings of affiliated companies
  
 
28,072
 
 
 
2,219
 
 
 
1,589
 
 
 
—
 
 
 
31,880
 
(Loss)/income before taxes
  
 
(51,491)
 
 
 
(37,951)
 
 
 
9,842
 
 
 
29.970
 
 
 
(49,630)
 
Income tax (expense)/benefit
  
 
—
 
 
 
(142
 ) 
 
 
1,985
 
 
 
—
 
 
 
1,843
 
Net (loss)/income
  
 
(51,491)
 
 
 
(38,093)
 
 
 
11,827
 
 
 
29,970
 
 
 
(47,787)
 
Less: Net (income)/loss attributable to the noncontrolling interest
  
 
—
 
 
 
—
 
 
 
(3,704
 ) 
 
 
—
 
 
 
(3,704
 ) 
Net (loss)/income attributable to Navios Holdings common stockholders
  
$
(51,491)
 
 
$
(38,093)
 
 
$
8,123
 
 
$
29,970
 
 
$
(51,491)
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Comprehensive(loss)/ income
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized holding gain/(loss) on investments in available-for-sale securities
  
 $
(491
 ) 
 
$
(491
 ) 
 
$
—
 
 
$
491
 
 
$
(491
 ) 
Total other comprehensive loss
  
 $
(491)
 
 
$
(491)
 
 
$
—
 
 
$
491
 
 
$
(491)
 
Total comprehensive (loss)/income
  
 $
(51,982)
 
 
$
(38,584)
 
 
$
11,827
 
 
$
30,461
 
 
$
(48,278)
 
Comprehensive income attributable to noncontrolling interest
  
 
—
 
 
 
—
 
 
 
(3,704
 ) 
 
 
—
 
 
 
(3,704
 ) 
Total comprehensive (loss)/income attributable to Navios Holdings common stockholders
  
$
(51,982)
 
 
$
(38,584)
 
 
$
8,123
 
 
$
30,461
 
 
$
(51,982)
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Financial Information Balance Sheet
Balance Sheet as of June 30, 2016
  
Navios
 Maritime
 Holdings Inc.
 Issuer
 
  
Guarantor
 Subsidiaries
 
  
Non Guarantor
 Subsidiaries
 
  
Eliminations
 
 
Total
 
Current assets
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
Cash and cash equivalents
  
$
14,189
  
  
$
54,033
  
  
$
72,307
  
  
$
—  
  
 
$
140,529
  
Restricted cash
  
 
—
  
  
 
2,671
  
  
 
—  
  
  
 
—  
  
 
 
2,671
  
Accounts receivable, net
  
 
—
  
  
 
32,733
  
  
 
33,683
  
  
 
—  
  
 
 
66,416
  
Intercompany receivables
  
 
4,972
  
  
 
60,536
  
  
 
74,276
  
  
 
(139,784
 ) 
 
 
—  
  
Due from affiliate companies
  
 
1,409
  
  
 
15,741
  
  
 
311  
  
  
 
—
 
 
 
17,461 
  
Prepaid expenses and other current assets
  
 
—
  
  
 
45,603
  
  
 
14,286
  
  
 
—
 
 
 
59,889
  
Total current assets
  
 
20,570
  
  
 
211,317
  
  
 
194,863
  
  
 
(139,784)
 
 
 
286,966
  
Vessels, port terminals and other fixed assets, net
  
 
—
  
  
 
1,448,758
  
  
 
419,910
  
  
 
—  
 
 
 
1,868,668
  
Deposits for vessel acquisitions
 
 
—
 
 
 
—
 
 
 
   91,669  
 
 
 
—  
 
 
 
91,669
 
Investments in subsidiaries
  
 
1,644,420
  
  
 
294,044
  
  
 
—  
  
  
 
(1,938,464)
 
 
 
—  
  
Investment in affiliates
  
 
364,515
  
  
 
12,668
  
  
 
11,589
  
  
 
—  
 
 
 
388,772
  
Loan receivable from affiliate companies
 
 
—
 
 
 
21,827
 
 
 
—
 
 
 
—  
 
 
 
21,827
 
Other long-term assets
  
 
—
  
  
 
18,351
  
  
 
20,628
  
  
 
—  
 
 
 
38,979
  
Goodwill and other intangibles
  
 
85,350
  
  
 
50,102
  
  
 
169,362
  
  
 
—  
 
 
 
304,814
  
Total non-current assets
  
 
2,094,285
  
  
 
1,845,750
  
  
 
713,158
  
  
 
(1,938,464)
 
 
 
2,714,729
  
Total assets
  
$
2,114,855
  
  
$
2,057,067
  
  
$
908,021
  
  
$
(2,078,248)
 
 
$
3,001,695
  
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
Current liabilities
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
Accounts payable
  
$
440
  
  
$
54,649
  
  
$
25,891
 
  
$
—
 
 
$
80,980
 
Accrued expenses and other liabilities
  
 
33,656
  
  
 
50,034
  
  
 
17,595
 
  
 
—
 
 
 
101,285
 
Deferred income and cash received in advance
  
 
—
  
  
 
5,234
  
  
 
6,660
 
  
 
—
 
 
 
11,894
 
Intercompany payables
  
 
139,784
  
  
 
—
  
  
 
—
 
  
 
(139,784
 ) 
 
 
—
 
Due to affiliate company
 
 
—
 
 
 
24,365
 
 
 
—
 
 
 
—
 
 
 
24,365
 
Current portion of capital lease obligations
  
 
—
  
  
 
—
  
  
 
3,000
 
  
 
—
 
 
 
3,000
 
Current portion of long-term debt
  
 
—
  
  
 
20,548
  
  
 
2,968
 
  
 
—
 
 
 
23,516
 
Total current liabilities
  
 
173,880
  
  
 
154,830
  
  
 
56,114
 
  
 
(139,784)
 
 
 
245,040
 
Long-term debt, net of current portion
  
 
985,193
 
 
 
230,968
 
 
 
389,219
 
 
 
 
 
 
 
1,605,380
 
Capital lease obligations, net of current portion
  
 
—
  
  
 
—
  
  
 
15,555
 
  
 
—
 
 
 
15,555
 
Long term payable to affiliate companies
  
 
—
  
  
 
6,430
  
  
 
—
 
  
 
—
 
 
 
6,430
 
Other long-term liabilities and deferred income
  
 
—
  
  
 
34,982
  
  
 
702
 
  
 
—
 
 
 
35,684
 
Deferred tax liability
  
 
—
  
  
 
—
  
  
 
11,515
 
  
 
—
 
 
 
11,515
 
Total non-current liabilities
  
 
985,193
  
  
 
272,380
  
  
 
416,991
 
  
 
—
 
 
 
1,674,564
 
Total liabilities
 
 
1,159,073
  
  
 
427,210
  
  
 
473,105
 
  
 
(139,784)
 
 
 
1,919,604
 
Noncontrolling interest
  
 
—
  
  
 
—
  
  
 
126,307
 
  
 
—
 
 
 
126,307
 
Total Navios Holdings stockholders' equity
  
 
955,782
  
  
 
1,629,857
  
  
 
308,609
 
  
 
(1,938,464)
 
 
 
955,784
 
Total liabilities and stockholders' equity
  
$
2,114,855
  
  
$
2,057,067
  
  
$
908,021
 
  
$
(2,078,248)
 
 
$
3,001,695
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance Sheet as of December 31, 2015
  
Navios
Maritime
Holdings Inc.
Issuer
 
  
Guarantor
Subsidiaries
 
  
Non Guarantor
Subsidiaries
 
  
Eliminations
 
 
Total
 
Current assets
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
Cash and cash equivalents
  
$
34,152
  
$
 
47,753
  
 
$
81,507
  
 
$
—  
 
 
$
163,412
  
Restricted cash
  
 
—  
 
  
 
13,480
  
  
 
—  
 
  
 
—  
 
 
 
13,480
  
Accounts receivable, net
  
 
—  
 
  
 
38,716
  
  
 
26,097
  
  
 
—  
 
 
 
64,813
  
Intercompany receivables
  
 
10,360
  
  
 
38,108
  
  
 
74,573
  
  
 
(123,041
)
 
 
—  
 
Due from affiliate companies
  
 
4,833
  
  
 
7,836
  
  
 
—  
 
  
 
—  
 
 
 
12,669
  
Prepaid expenses and other current assets
  
 
3
  
  
 
36,580
  
  
 
12,002
  
  
 
—  
 
 
 
48,585
  
Total current assets
  
 
49,348
  
  
 
182,473
  
  
 
194,179
  
  
 
(123,041
)
 
 
302,959
  
Deposits for vessels, port terminals and other fixed assets
  
 
—  
 
  
 
29,695
  
  
 
44,254
  
  
 
—  
 
 
 
73,949
  
Vessels, port terminals and other fixed assets, net
  
 
—  
 
  
 
1,396,101
  
  
 
427,860
  
  
 
—  
 
 
 
1,823,961
  
Investments in subsidiaries
  
 
1,636,433
  
  
 
285,726
  
  
 
—  
 
  
 
(1,922,159
)
 
 
—  
 
Investments in available-for-sale securities
  
 
—  
 
  
 
5,173
  
  
 
—  
 
  
 
—  
 
 
 
5,173
  
Investments in affiliates
  
 
356,797
  
  
 
13,028
  
  
 
11,921
  
  
 
—  
 
 
 
381,746
  
Loan receivable from affiliate companies
  
 
—  
 
  
 
16,474
  
  
 
—  
 
  
 
—  
 
 
 
16,474
  
Other long-term assets
  
 
—  
 
  
 
21,325
  
  
 
22,433
  
  
 
—  
 
 
 
43,758
  
Goodwill and other intangibles
  
 
86,793
  
  
 
52,829
  
  
 
171,171
  
  
 
—  
 
 
 
310,793
  
Total non-current assets
  
 
2,080,023
  
  
 
1,820,351
  
  
 
677,639
  
  
 
(1,922,159
)
 
 
2,655,854
  
Total assets
  
$
2,129,371
  
$ 
 
2,002,824
  
 
$
871,818
  
 $
 
(2,045,200
)
 
$
2,958,813
  
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
Current liabilities
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
Accounts payable
  
$
363
  
 $
 
45,913
  
 
$
26,329
  
  
$
—  
 
 
$
72,605
  
Accrued expenses and other liabilities
  
 
33,244
  
  
 
54,451
  
  
 
15,400
  
  
 
—  
 
 
 
103,095
  
Deferred income and cash received in advance
  
 
—  
 
  
 
6,267
  
  
 
7,225
  
  
 
—  
 
 
 
13,492
  
Intercompany payables
  
 
123,041
  
  
 
—  
 
  
 
—  
 
  
 
(123,041
)
 
 
—  
 
Due to affiliate companies
  
 
—  
 
  
 
17,791
  
  
 
—  
 
  
 
—  
 
 
 
17,791
  
Current portion of capital lease obligations
  
 
—  
 
  
 
—  
 
  
 
2,929
  
  
 
—  
 
 
 
2,929
  
Current portion of long-term debt
  
 
—  
 
  
 
16,875
  
  
 
69
  
  
 
—  
 
 
 
16,944
  
Total current liabilities
  
 
156,648
  
  
 
141,297
  
  
 
51,952
  
  
 
(123,041
)
 
 
226,856
  
Long-term debt, net of current portion
  
 
983,763
  
  
 
213,102
  
  
 
367,499
  
  
 
—  
 
 
 
1,564,364
  
Capital lease obligations, net of current portion
  
 
—  
 
  
 
—  
 
  
 
17,720
  
  
 
—  
 
 
 
17,720
  
Unfavorable lease terms
  
 
—  
 
  
 
7,526
  
  
 
—  
 
  
 
—  
 
 
 
7,526
  
Other long-term liabilities and deferred income
  
 
—  
 
  
 
19,360
  
  
 
1,518
  
  
 
—  
 
 
 
20,878
  
Deferred tax liability
  
 
—  
 
  
 
—  
 
  
 
10,917
  
  
 
—  
 
 
 
10,917
  
Total non-current liabilities
  
 
983,763
  
  
 
239,988
  
  
 
397,654
  
  
 
—  
 
 
 
1,621,405
  
Total liabilities
  
 
1,140,411
  
  
 
381,285
  
  
 
449,606
  
  
 
(123,041
)
 
 
1,848,261
  
Noncontrolling interest
  
 
—  
 
  
 
—  
 
  
 
121,592
  
  
 
—  
 
 
 
121,592
  
Total Navios Holdings stockholders' equity
  
 
988,960
  
  
 
1,621,539
  
  
 
300,620
  
  
 
(1,922,159
)
 
 
988,960
  
Total liabilities and stockholders' equity
  
$
2,129,371
  
$ 
 
2,002,824
  
 $
 
871,818
  
  
$
(2,045,200
)
 
$
2,958,813
  
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
Other Financial Information Cash Flow Statement
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
Navios
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
Maritime
 
 
 
 
 
Non
 
 
 
 
 
 
 
 
  
Holdings Inc.
 
 
Guarantor
 
 
Guarantor
 
 
 
 
 
 
 
Cash flow statement for the six months ended June 30, 2016
  
Issuer
 
 
Subsidiaries
 
 
Subsidiaries
 
 
Eliminations
 
 
Total
 
Net cash (used in)/provided by operating activities
  
$
(28,889)
 
 
$
52,146
 
 
$
16,880
 
 
$
—
  
 
$
40,137
 
Cash flows from investing activities
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan to affiliate company
  
 
—  
 
 
 
(4,275
 ) 
 
 
—
 
 
 
—
  
 
 
(4,275
 ) 
Acquisition of vessels
 
 
         —
 
 
 
(60,115
 ) 
 
 
—
 
 
 
—
  
 
 
(60,115
 ) 
Deposits for vessel acquisitions
 
 
—  
 
 
 
—
 
 
 
(44,628) 
 
 
 
—
 
 
 
(44,628
 ) 
Purchase of property, equipment and other fixed assets
  
 
—  
 
 
 
(97
 ) 
 
 
(3,204
 ) 
 
 
—
  
 
 
(3,301
 ) 
Net cash used in investing activities
  
 
        —
 
 
 
(64,487)
 
 
 
(47,832)
 
 
 
—
  
 
 
(112,319)
 
Cash flows from financing activities
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Transfer (to)/from other group subsidiaries
  
 
13,426
 
 
 
(13,426
 ) 
 
 
—
 
 
 
—
  
 
 
—  
 
Repayment of long-term debt and payment of principal
  
 
—
 
 
 
(18,081
 ) 
 
 
(34
)
 
 
—
  
 
 
(18,115
 ) 
Proceeds from long-term loans, net of deferred finance fees
  
 
—
 
 
 
39,128  
 
 
 
23,880
 
 
 
—
  
 
 
63,008
 
Dividends paid
  
 
(3,681
 ) 
 
 
—
 
 
 
—
 
 
 
—
  
 
 
(3,681
 ) 
Decrease in restricted cash
 
 
—
 
 
 
11,000
 
 
 
—
 
 
 
—
 
 
 
11,000
 
Acquisition of treasury stock
 
 
(819
 ) 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
(819
 ) 
Payments of obligations under capital leases
  
 
—
 
 
 
   —
 
 
 
(2,094
)
 
 
—
  
 
 
(2,094
 ) 
Net cash provided by financing activities
  
 
8,926
 
 
 
18,621
 
 
 
21,752
 
 
 
—
  
 
 
49,299
 
(Decrease)/ increase in cash and cash equivalents
  
 
(19,963)
 
 
 
6,280
 
 
 
(9,200)
 
 
 
—
  
 
 
(22,883)
 
Cash and cash equivalents, at beginning of period
  
 
34,152
 
 
 
47,753
 
 
 
81,507
 
 
 
—
  
 
 
163,412
 
Cash and cash equivalents, at end of period
  
$
14,189
 
 
$
54,033
 
 
$
72,307
 
 
$
—
  
 
$
140,529
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
Navios
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
Maritime
 
 
 
 
 
Non
 
 
 
 
 
 
 
 
  
Holdings Inc.
 
 
Guarantor
 
 
Guarantor
 
 
 
 
 
 
 
Cash flow statement for the six months ended June 30, 2015
  
Issuer
 
 
Subsidiaries
 
 
Subsidiaries
 
 
Eliminations
 
 
Total
 
Net cash (used in)/provided by operating activities
  
$
(20,906)
 
 
$
12,887
 
 
$
9,758
 
 
$
—
  
 
$
1,739
 
Cash flows from investing activities
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Acquisition of investments in affiliates
  
 
(14,668)  
 
 
 
(4,275)  
 
 
 
(1,528
 ) 
 
 
—
  
 
 
(20,471
 ) 
Loan to affiliate company
  
 
—  
 
 
 
(3,289
 ) 
 
 
—
 
 
 
—
  
 
 
(3,289
 ) 
Decrease in long-term receivable from affiliate companies
  
 
—  
 
 
 
9,488
 
 
 
—
 
 
 
—
  
 
 
9,488
 
Dividends from affiliate companies
 
 
7,298
 
 
 
    —
 
 
 
—
 
 
 
—
  
 
 
7,298
 
Deposits for vessel acquisitions
 
 
—  
 
 
 
(2,150
 ) 
 
 
(4,475) 
 
 
 
—
 
 
 
(6,625
 ) 
Purchase of property, equipment and other fixed assets
  
 
—  
 
 
 
(125
 ) 
 
 
(4,452
 ) 
 
 
—
  
 
 
(4,577
 ) 
Net cash provided(used in) /in investing activities
  
 
(7,370)
 
 
 
(351)
 
 
 
(10,455)
 
 
 
—
  
 
 
(18,176)
 
Cash flows from financing activities
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Transfer (to)/from other group subsidiaries
  
 
(17,602
)
 
 
16,074
 
 
 
1,528
 
 
 
—
  
 
 
—  
 
Repayment of long-term debt and payment of principal
  
 
—
 
 
 
(30,988
 ) 
 
 
(34
)
 
 
—
  
 
 
(31,022
 ) 
Dividends paid
  
 
(20,644
 ) 
 
 
—  
 
 
 
—
 
 
 
—
  
 
 
(20,644
 ) 
Decrease in restricted cash
  
 
—
 
 
 
1,622
 
 
 
—
 
 
 
—
  
 
 
1,622
 
Payments of obligations under capital leases
  
 
—
 
 
 
—  
 
 
 
(709
)
 
 
—
  
 
 
(709
 ) 
Net cash (used in)/provided by financing activities
  
 
(38,246)
 
 
 
(13,292)
 
 
 
785
 
 
 
—
  
 
 
(50,753)
 
(Decrease)/ increase in cash and cash equivalents
  
 
(66,522)
 
 
 
(756)
 
 
 
88
 
 
 
—
  
 
 
(67,190)
 
Cash and cash equivalents, at beginning of period
  
 
98,539
 
 
 
77,085
 
 
 
71,932
 
 
 
—
  
 
 
247,556
 
Cash and cash equivalents, at end of period
  
$
32,017
 
 
$
76,329
 
 
$
72,020
 
 
$
—
  
 
$
180,366