BUCKEYE PARTNERS, L.P. BPL Cash Flow

Buckeye partners, l.p. (BPL)

CashFlow / TTM

Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
767,632	-90,549	-87,747	-51,915	-404,174	461,386	484,448	493,665	471,841	511,887	540,007	548,675	574,843	514,520	461,347	437,534	358,316	362,097	294,524	274,857	137,283	111,806	165,423	164,425	281,919	288,927	267,583	230,551	256,211	62,752	100,318	114,664	89,171	258,333	218,179	201,008	0	0	0
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization
266,891	268,459	269,169	269,423	272,427	269,624	267,893	269,243	262,426	260,237	258,721	254,659	245,294	236,652	228,928	221,278	228,856	219,432	207,228	196,443	171,176	164,525	160,583	155,183	157,736	156,115	150,988	146,424	136,793	130,889	126,320	119,534	102,558	86,390	71,303	59,590	0	0	0
Amortization of debt issuance costs, discounts and terminated interest rate swaps
15,011	15,347	15,684	15,587	15,904	16,308	16,741	17,202	26,447	23,302	20,114	16,926	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of losses on terminated interest rate swaps
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash unit-based compensation expense
21,810	20,799	23,038	21,890	26,343	29,675	30,617	30,568	36,440	37,057	35,879	33,482	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on asset impairments, disposals and recoveries, net
326,308	326,733	328,426	342,984	11,034	11,034	13,982	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in fair value of derivatives, net
9,116	5,195	2,536	19,932	-4,141	-4,944	-1,431	24,730	21,002	18,390	4,033	-103,336	-64,108	-9,827	-17,411	9,177	20,252	-1,669	10,830	77,901	13,633	-7,818	11,199	-1,776	20,327	3,518	-10,675	-13,336	-100,741	-6,275	-14,816	66,747	179,860	101,220	105,007	45,579	0	0	0
Non-cash deferred lease expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,637	3,670	3,705	3,737	3,770	3,804	3,835	3,868	3,901	3,956	4,011	4,067	4,122	4,150	4,179	4,206	4,235	0	0	0
Amortization of acquired storage contracts
-	-	-	-	-	-	-	-	-	-	-	-5,979	-8,747	-11,071	-11,071	-11,071	-11,071	-11,071	-11,071	-11,071	-11,071	-11,062	-11,043	-11,023	-11,004	-10,994	-10,994	-10,994	-10,994	-8,731	-8,378	-7,562	0	0	0	-	-	-	-
Income (Loss) from Equity Method Investments
13,437	-283,661	-278,267	-274,123	-263,338	38,281	33,136	36,005	25,787	19,456	18,806	11,536	10,290	7,359	7,335	6,381	9,856	12,409	12,133	11,265	6,231	5,097	4,880	5,243	6,784	5,948	5,780	6,100	6,961	8,787	9,036	10,434	10,316	11,328	12,058	11,363	0	0	0
Distributions of earnings from equity investments
10,232	13,812	24,750	24,350	29,940	33,767	34,126	35,854	26,764	19,386	4,634	3,280	3,268	2,444	4,982	5,108	4,508	4,603	845	470	1,257	1,312	1,312	1,312	276	225	1,597	3,325	8,058	8,089	6,716	6,656	0	0	0	-	-	-	-
Value of ESOP shares released
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,448	3,657	4,787	4,745	0	0	0
Other non-cash items
-6,216	-5,803	-3,420	-4,608	-4,477	-4,312	-3,549	-3,632	-4,414	-5,280	-6,591	-7,162	22,954	12,181	4,196	-7,593	-12,312	-10,831	-5,985	-107	-46,506	-44,428	-44,425	-42,196	-24,436	-20,248	-20,858	-20,914	-16,684	-15,866	-13,754	-12,476	-8,242	-7,741	-11,660	-5,720	0	0	0
Change in assets and liabilities, net of amounts related to acquisitions:
Accounts receivable, net
-23,078	-9,280	-13,049	-54,586	26,072	17,829	45,412	28,957	-42,011	-23,530	-45,481	23,646	31,538	4,737	-17,078	-48,006	-199,982	-180,865	-155,632	-71,299	175,631	184,311	148,369	69,661	24,600	38,358	101,217	73,312	62,596	34,546	21,745	29,684	32,657	34,858	25,847	43,109	0	0	0
Construction and pipeline relocation receivables
-6,556	1,810	-568	3,212	-486	-8,509	-11,104	-6,229	-1,482	8,838	10,452	4,961	3,853	-219	-4,539	-7,051	-4,607	-1,561	3,104	5,424	7,166	7,249	8,098	10,057	7,758	3,662	4,896	4,416	5,516	6,222	3,496	1,859	-2,688	-6,586	-5,994	-7,292	0	0	0
Inventories
-74,765	-26,361	-14,393	-92,095	-36,963	-131,617	-148,000	-56,430	-62,149	37,626	111,917	162,257	57,840	-37,395	33,294	-52,775	-194,287	-162,920	-262,453	-70,068	102,395	241,405	216,660	45,344	119,702	64,970	5,420	-39,141	-213,375	-212,769	-43,729	-102,511	56,292	-40,030	-105,929	-9,955	0	0	0
Prepaid and other current assets
10,734	9,275	17,788	22,279	24,578	22,554	8,241	-23,278	-23,573	-26,027	-4,264	41,224	37,851	10,991	8,006	3,523	1,471	27,514	-18,133	-34,956	-32,157	-39,607	-9,759	-32,106	-39,163	-17,538	-10,776	-17,514	9,127	-7,165	-19,257	4,220	6,800	20,260	2,167	-16,368	0	0	0
Accounts payable
-15,281	10,983	8,139	-25,350	44,802	12,314	28,792	46,078	-14,199	-9,347	-52,554	25,983	-1,087	-6,059	-27,878	-65,239	-129,085	-14,643	-45,555	27,860	78,039	3,880	62,500	11,311	54,730	8,786	61,561	20,303	34,533	45,827	23,551	29,872	8,494	-19,536	-10,488	11,808	0	0	0
Accrued and other current liabilities
-2,992	10,989	13,098	44	5,204	-20,150	-12,516	-4,278	-14,304	-3,490	10,168	-7,347	25,552	26,636	16,723	16,759	2,492	-31,043	-1,905	3,119	29,819	30,272	26,996	33,516	11,583	5,422	-23,557	-20,742	-26,470	-29,211	-19,210	-16,312	-3,941	21,601	4,511	30,416	0	0	0
Other non-current assets and liabilities
-2,275	15,739	19,297	-6,699	-7,539	-6,102	-3,523	14,419	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-current assets
-	-	-	-	-	-	-	-	-	-	-	-	0	0	-23,804	-	3,432	11,723	22,745	19,706	12,792	7,334	-2,883	-626	1,645	-4,439	4,593	1,624	-6,862	-6,859	-14,292	-17,546	-18,138	-13,003	-11,687	-9,528	0	0	0
Other non-current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	0	0	-23,411	-	-4,473	-2,785	-2,572	-5,077	-26,955	-29,442	-28,903	-26,392	-724	9,371	11,053	3,465	-83,925	-14,586	-9,494	-1,504	75,144	-4,324	-7,862	-3,872	0	0	0
Total adjustments from operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net cash provided by operating activities
749,730	686,289	677,877	767,829	797,282	883,322	931,549	888,402	855,454	782,538	704,915	717,917	757,534	790,190	678,615	710,192	919,722	869,124	884,883	599,642	282,441	116,709	155,459	385,494	379,044	385,397	442,452	441,636	569,826	566,181	429,111	403,892	178,434	245,383	304,813	292,479	0	0	0
Capital expenditures
382,601	408,742	454,098	467,611	486,633	480,409	451,999	433,335	409,933	465,160	472,223	486,316	541,440	520,223	572,841	594,520	604,470	569,048	496,309	472,149	405,268	415,093	404,123	361,445	355,341	331,205	324,211	331,338	346,961	352,863	341,604	305,324	219,792	150,588	104,769	77,699	0	0	0
Proceeds from sale of VTTI and DPTS asset package
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contribution to equity investment
77,391	52,039	55,280	42,204	31,061	266,205	237,844	1,387,844	1,387,844	1,150,000	1,150,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Escrow deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions from equity investments in excess of earnings
-32,305	-50,068	-61,925	-76,413	-67,076	-57,250	-50,290	-31,724	-19,477	-9,928	-3,198	-2,526	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition working capital settlement
-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of business, net of cash acquired
-1	-13	-1	-896	0	0	0	-	-	-	-	-	-	-	-	8,118	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	1,084,469	0	0	0	-	-	-	-
Deposit in anticipation of acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-
Proceeds from property disposals and recoveries
-11,299	-9,336	-9,919	-9,388	-10,747	-10,748	-13,722	-6,409	-11,078	-11,537	-7,165	-8,263	-1,565	-11,166	-10,887	-9,404	-10,098	-549	-1,223	-1,227	-1,264	-607	-157	-494	-2,059	-1,634	-1,719	-1,678	284	-426	-512	-237	-46,959	-46,645	-46,154	-23,938	0	0	0
Escrow returns (deposits)
-	-	-	-	-	-	-	-	-	-	-	-19,850	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
1,064,150	1,079,173	1,033,004	72,419	-465,918	-704,675	-651,878	-1,809,988	-1,773,006	-1,619,720	-1,637,885	-481,702	-567,123	-516,064	-569,070	-614,894	-499,119	-1,292,544	-1,218,473	-1,191,497	-2,066,480	-1,257,664	-1,247,693	-1,204,678	-353,282	-575,883	-569,154	-590,322	-612,465	-393,936	-442,602	-1,310,279	-1,264,009	-1,186,961	-1,081,072	-114,188	0	0	0
Net proceeds from issuance of Units and exercise of Unit options
4	-80	-104	261,962	261,798	559,397	604,649	346,276	927,442	648,167	655,531	689,428	152,076	189,242	195,382	161,474	195,586	887,607	851,175	899,710	1,342,601	604,669	605,629	902,976	382,319	372,981	348,908	246,805	246,699	246,522	563,927	736,871	0	0	0	-	-	-	-
Net proceeds from exercise of Unit options
-	-	-	-	-	-	-	-	-	-	-	-	342	342	240	215	324	407	716	849	0	0	0	-	-	-	-	1,067	2,408	4,131	3,358	3,567	2,740	2,248	2,683	4,789	0	0	0
Payment of tax withholding on vesting of LTIP awards
3,867	3,888	3,955	8,306	7,742	7,870	7,868	9,447	10,075	9,934	9,977	6,711	6,156	6,243	6,144	7,700	7,657	7,982	7,955	6,234	6,537	6,097	6,280	5,034	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of long-term debt, net of issuance costs
0	1	-29	394,937	789,384	789,354	789,384	394,418	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	647,530	0	0	0	-	-	-	-
Loss on early extinguishment of debt
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net borrowings (repayments) under BES credit agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Repayment of long-term debt
925,000	925,000	925,000	700,000	300,000	425,000	425,000	125,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,525	3,059	4,599	6,146	6,178	0	0	0
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,115	996	7,779	7,764	7,414	0	0	0	-	-	-	-	-	-	-	-	9,968	10,274	5,243	8,461	3,551	0	0	0
Borrowings under the BPL Credit Facility
1,412,515	1,502,035	1,958,860	2,391,700	2,024,500	2,341,162	1,928,182	1,912,872	1,573,472	1,181,590	1,260,990	1,007,200	1,519,150	1,486,950	1,578,950	1,627,450	1,467,031	1,841,031	1,843,031	1,856,031	1,747,500	1,897,500	1,717,500	1,651,500	1,564,300	1,304,800	1,268,300	1,040,300	977,500	874,700	811,232	1,221,732	1,222,732	886,932	760,400	298,400	0	0	0
Repayments under the BPL Credit Facility
1,726,936	1,730,121	1,944,460	2,213,799	2,127,680	2,412,622	2,270,395	1,746,172	1,278,772	1,186,590	1,247,777	1,368,200	1,559,250	1,306,950	1,349,950	1,266,450	1,224,031	1,901,031	1,913,031	1,885,031	2,154,600	1,652,500	1,932,500	2,287,500	1,759,800	1,514,800	1,063,300	699,300	620,600	784,700	966,232	995,732	997,032	766,932	445,400	278,400	0	0	0
Net repayments under the BMSC Credit Facility
-99,159	-61,189	22,349	-74,477	-7,209	-56,254	-143,110	252,204	-32,930	49,771	108,710	-111,488	69,890	-31,811	53,800	-54,512	-33,550	-190,700	-252,200	-60,000	1,900	324,000	223,100	19,800	14,100	-37,000	-26,500	-45,000	-180,800	-154,200	-83,600	-33,100	0	0	0	-	-	-	-
Contributions from noncontrolling interests
0	0	3,000	7,400	11,700	13,800	12,800	12,000	8,940	8,400	6,400	5,000	16,760	29,200	46,600	57,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs associated with agreement and plan of merger
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Distributions paid to noncontrolling interests
3,759	5,595	9,480	16,292	29,915	34,940	40,164	39,230	28,876	26,448	21,317	15,750	17,155	16,948	13,322	13,972	9,724	6,262	6,548	6,593	7,438	6,189	7,508	7,850	7,436	9,229	10,607	10,707	13,512	11,792	10,063	8,872	54,308	102,897	149,182	195,564	0	0	0
Proceeds from settlement of treasury lock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	497	0	0	0	-	-	-	-
Distributions to LP unitholders
463,294	533,344	603,506	673,723	743,461	736,392	726,415	714,495	701,091	681,312	661,688	641,686	621,157	610,973	600,824	590,971	582,358	565,659	546,538	527,198	507,703	479,758	453,511	428,829	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of debt assumed in BORCO acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	318,167	0	0	0	-	-	-	-
Distributions paid to partners of Buckeye GP Holdings L.P.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49,808	0	0	0
Distributions paid to unitholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-
Net cash used in financing activities
-1,813,143	-1,760,828	-1,715,972	-840,598	-338,625	-179,365	-277,937	283,426	925,472	824,795	932,162	399,244	-197,490	-267,941	-106,067	-98,625	-420,019	410,091	304,479	595,113	1,785,554	1,157,972	1,118,984	817,358	-23,731	194,817	116,207	142,476	29,394	-189,820	-37,880	905,747	1,085,849	944,214	822,535	-202,239	0	0	0
Net decrease in cash and cash equivalents
737	4,634	-5,091	-350	-7,261	-718	1,734	-638,160	7,920	-12,387	-808	635,459	-7,079	6,185	3,478	-3,327	584	-13,329	-29,111	3,258	1,515	17,017	26,750	-1,826	2,031	4,331	-10,495	-6,210	-13,245	-17,575	-51,371	-640	274	2,636	46,276	-23,948	0	0	0