Blueknight energy partners, l.p. (BKEPP)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

18,412

-42,047

20,045

-4,840

6,396

27,572

28,035

31,565

33,475

-23,796

-16,505

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for uncollectible receivables from third parties

-

-

-21

15

-184

126

400

-6

-47

-

-

Provision for uncollectible receivables from related parties

-

-

0

229

0

225

-

-

-

-

-

Provision for uncollectible receivables from related parties

-

-

-

-

-

-

0

0

-

-

-

Provision for uncollectible receivables from third parties

-

-

-

-

-

-

-

-

-

0

-125

Depreciation and amortization

25,533

29,359

31,139

30,820

27,228

26,045

24,241

23,129

22,775

21,447

22,692

Intangible asset impairment charge

-

189

-

-

-

-

-

96

0

0

-

Intangible asset impairment charge

-

-

1,107

0

7,498

0

0

-

-

-

-

Impairment of intangible assets

-

-

-

-

-

-

-

-

-

-

1,375

Amortization of debt issuance costs

1,005

1,451

-

-

-

821

-

-

-

4,329

6,332

Amortization and write-off of debt issuance costs

-

-

1,816

1,107

884

-

3,326

1,775

1,955

-

-

Unrealized loss related to interest rate swaps

-44

201

1,790

1,156

-469

-2,634

0

0

-

-

-

Amortization of subordinated debenture discount

-

-

-

-

-

-

-

-

15,142

3,242

0

Change in fair value of embedded derivative within convertible debt

-

-

-

-

-

-

-

-

20,224

-6,650

0

Change in fair value of rights offering liability

-

-

-

-

-

-

-

-

1,883

4,384

0

Fixed asset impairment charge

274

42,860

1,293

25,761

14,498

0

6,877

1,846

867

-

-

Other impairment charge (Note 12)

2,202

10,019

0

0

-

-

-

-

-

-

-

Loss Contingency (see Note 15)

-

-

-

-

-

-

-

-

-

7,200

0

Gain on debt refinancing

-

-

-

-

-

-

-

-

-

1,434

0

Asset impairment charge

-

-

-

-

-

-

-

-

-

779

0

(Gain)loss on sale of assets

453

149

-975

108

6,137

2,464

2,661

7,250

3,008

-

-

Gain on sale of unconsolidated affiliate

-

2,225

5,337

0

0

-

-

-

-

-

-

Gain on settlement transaction

-

-

-

-

-

-

-

-

-

-

2,585

Gain on sale of assets

-

-

-

-

-

-

-

-

-

58

138

Equity-based incentive compensation

973

1,845

1,451

2,087

2,131

1,538

1,912

1,897

544

112

-38

Clawback of LTIP Awards

-

-

-

-

-

-

-

-

-825

0

0

Settlement of equity-based compensation agreement

-

-

-

-

-

-

-

-453

0

-

-

Income (Loss) from Equity Method Investments

-

-

61

1,483

3,932

883

-502

0

0

-

-

Distributions from unconsolidated affiliate

-

-

-

-

4,313

0

0

-

-

-

-

Gain related to investments

-

-

-

-

267

2,079

0

-

-

-

-

Gain related to investments

-

-

-

-

-

-

-

0

-

-

-

Changes in assets and liabilities:
Clawback of LTIP Awards

-

-

-

-

-

-

-

-

-

0

0

Settlement of equity-based compensation agreement

-

-

-

-

-

-

-

-

-

0

-

Decrease in accounts receivable

-9,325

25,452

24

-1,138

-538

-3,067

3,970

-4,249

5,320

-1,725

-2,082

Decrease in receivables from related parties

67

-2,027

1,210

-213

-472

-608

-373

-875

2,485

659

12,753

Decrease in prepaid insurance

-

-

-2,507

-3,008

-3,998

-2,943

-2,333

-2,430

-1,404

-1,150

-1,218

Decrease in other current assets

-2,628

-3,399

983

-237

579

-516

2,499

-16

216

-145

-481

Decrease in other non-current assets

-2,964

-442

-84

498

1,485

299

-50

6

-1,163

1,335

-291

Increase (decrease) in accounts payable

-702

-592

952

-237

-792

-580

-417

-1,281

-1,623

609

4,463

Decrease in payables to related parties

-282

342

749

1,053

0

0

-

-

-

-

-

Increase (decrease) in accrued crude oil purchases

-

-

0

0

-

-

-

-

-

-

-

Increase (decrease) in accrued crude oil purchases to related parties

-

-

0

0

-

-

-

-

-

-

-

Decrease in payables to related parties

-

-

-

-

-

-

-

-

-

-

-19,245

Increase (decrease) in accrued interest payable

-172

-229

281

222

-42

-249

318

-67

-126

3,378

2,067

Decrease in accrued interest payable to related parties

-

-

-

-

-

-

304

58

852

-1,214

0

Decrease in accrued property taxes

158

1,031

-72

-242

727

236

-128

125

-441

-921

1,224

Decrease in interest rate swap settlements payable

-

-

-

-

-

-

-

-

-

-

-1,505

Increase (decrease) in unearned revenue

-

-

898

-1,568

2,075

-82

150

3,278

-2,716

-1,699

2,440

Increase (decrease) in unearned revenue from related parties

-

-

580

187

-189

782

-73

-833

-1,005

969

1,185

Decrease in accrued payroll

1,156

-2,452

-239

-905

743

-859

970

1,183

1,096

705

3,255

Decrease in other accrued liabilities

-3,579

-1,500

354

-1,733

2,169

-1,378

1,116

-790

-488

523

574

Net cash provided by operating activities

49,837

48,784

54,494

52,849

60,532

58,240

60,551

61,720

37,162

19,891

14,423

Cash flows from investing activities:
Acquisition of assets from Ergon

-

-

0

122,572

0

0

-

-

-

-

-

Acquisition of DEVCO from Ergon (Note 8)

-

21,959

0

18,989

20,951

0

0

-

133

5,715

0

Capital expenditures

12,746

34,400

18,715

19,995

41,609

37,368

64,956

27,717

17,998

18,101

6,251

Proceeds from sale of assets

-

-

9,297

1,993

14,687

3,063

4,258

10,206

7,491

1,633

324

Proceeds from sale of assets

8,410

5,051

-

-

-

-

-

-

-

-

-

Proceeds from sale of terminal assets to Ergon

-

-

0

0

-

-

-

-

-

-

-

Investment in unconsolidated affiliate

-

-

-

-

-

-

20,000

0

0

-

-

Distributions from unconsolidated affiliate

-

-

-

-

922

0

0

-

-

-

-

Proceeds from sale of investments

-

-

-

-

2,346

0

0

-

-

-

-

Proceeds from sale of unconsolidated affiliate

-

2,225

26,489

0

0

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-4,336

39,455

17,071

-159,563

-44,605

-34,305

-80,698

-17,511

-10,640

-22,183

-5,927

Cash flows from financing activities:
Payments on other financing activities

-2,586

-2,550

-2,965

-3,425

-3,286

-2,518

-2,342

-1,482

-1,194

-349

0

Repayments of Long-term Capital Lease Obligations

-

-

0

0

-

-

-

-

-

248

873

Debt issuance costs

-

358

4,208

956

0

326

3,681

0

280

7,510

10,760

Borrowings from related party

-

-

-

-

-

-

-

-

-

5,500

0

Payments on long-term payable to related party

-

-

-

-

-

-

2,681

1,636

1,183

0

0

Borrowings under credit agreement

291,000

324,000

-

-

-

60,733

342,411

37,000

7,000

296,562

35,200

Payments under credit agreement

301,000

366,000

-

-

-

-

-

-

-

-

-

Borrowings under credit agreement

-

-

378,592

170,000

112,000

-

-

-

-

-

-

Payments under credit agreement

-

-

395,000

91,000

83,000

-

-

-

-

-

-

Proceeds from equity issuance

176

208

240

26,269

186

71,182

-

-

-

-

-

Payments under credit facility

-

-

-

-

-

117,733

280,411

44,000

28,862

484,700

55,300

Proceeds from issuance of Preferred Units

-

-

0

144,672

0

0

-

-

-

-

-

Proceeds from issuance of general partner units

-

-

0

680

0

0

-

-

-

-

-

Proceeds from issuance of convertible subordinated debentures, net of issuance costs

-

-

-

-

-

-

-

-

-

49,383

0

Redemption of convertible subordinated debentures

-

-

-

-

-

-

-

-

50,028

0

0

Proceeds from equity issuances, net of offering costs

-

-

-

-

-

-

-

-

77,005

142,946

0

Payments for Repurchase of Preferred Stock and Preference Stock

-

-

0

95,348

0

0

-

-

20,966

0

0

Capital contributions

-

183

104

2,384

0

0

-

-

-

-

-

Proceeds from equity issuance, net of offering costs

-

-

-

-

-

-

0

0

-

-

-

Capital contributions related to profits interest

-

-

0

923

150

150

150

36

0

0

-

Distributions

33,988

44,736

49,163

47,219

41,600

35,944

33,294

32,189

11,615

0

-

Distributions paid

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by (used in) financing activities

-46,398

-89,253

-72,400

106,980

-15,550

-24,456

20,152

-42,271

-30,123

1,584

-31,733

Net increase (decrease) in cash and cash equivalents

-897

-1,014

-835

266

377

-521

5

1,938

-3,601

-708

-23,237

Supplemental disclosure of non-cash financing and investing cash flow information:
Non-cash changes in property, plant and equipment

1,590

-715

-

-

-

-

-

-

-

-

-

Assets acquired through non-cash equity issuance

-

-

10,156

0

0

-

-

-

-

-

-

Non-cash changes in property, plant and equipment

-

-

779

-1,825

-1,598

1,669

-3,098

-1,195

2,932

-1,159

-11

Non-cash changes in property, plant and equipment

1,590

-715

-

-

-

-

-

-

-

-

-

Non-cash change in assets and liabilities due to settlement items related to the sale of terminal assets to Ergon

-

-

0

0

-

-

-

-

-

-

-

Capital contribution related to redemption of convertible debt (see Note 8)

-

-

-

-

-

-

-

-

-

-

0

Increase in accrued liabilities related to insurance premium financing agreement

2,356

2,184

2,938

3,189

3,813

2,494

2,609

1,580

1,278

407

0

Non-cash addition to property, plant and equipment related to settlement (see Note 21)

-

-

-

-

-

-

-

-

-

-

-9,536

Non-cash issuance of common units in settlement of the Class Action Litigation

-

-

-

-

-

-

-

-

5,200

0

0

Settlement Of Rights Offering Liability

-

-

-

-

-

-

-

-

8,559

0

0

Reclassification Of Fair Value Of Debt Conversion Option At Reacquisition Date

-

-

-

-

-

-

-

-

-5,536

0

0

Capital Contribution Related To Redemption Of Convertible Debt

-

-

-

-

-

-

-

-

2,375

0

-

Decrease in accounts receivable related to purchase of property, plant and equipment

-

-

-

-

-

-

1,274

0

0

-

-

Cash paid for interest, net of amounts capitalized

15,150

16,088

13,732

12,404

9,915

9,085

9,644

10,441

16,817

42,108

43,001

Cash paid for income taxes

227

133

158

282

412

508

419

289

209

158

290

Third Party [Member]
Increase (decrease) in accrued crude oil purchases

-7,243

13,949

-

-

-

-

-

-

-

-

-

Increase (decrease) in unearned revenue

-1,961

785

-

-

-

-

-

-

-

-

-

Related Party [Member]
Increase (decrease) in accrued crude oil purchases

1,588

10,219

-

-

-

-

-

-

-

-

-

Increase (decrease) in unearned revenue

-1,966

5,714

-

-

-

-

-

-

-

-

-

Ergon [Member]
Proceeds from sale of assets

-

88,538

-

-

-

-

-

-

-

-

-

Non-cash change in assets and liabilities due to settlement items related to the sale of terminal assets to Ergon

-

-1,308

-

-

-

-

-

-

-

-

-