| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||
Net income | ||||||||
47,500 | 53,860 | 50,393 | 42,114 | 40,700 | 41,285 | 43,491 | 40,192 | 40,708 |
Adjustments to reconcile net income to net cash provided by operating activities | ||||||||
Depreciation | ||||||||
700 | 660 | 656 | 714 | 600 | 671 | 663 | 662 | 662 |
Non-cash expenses | ||||||||
-100 | 500 | -76 | -36 | -100 | 317 | -56 | -45 | -39 |
Income from equity method investments | ||||||||
31,300 | 33,435 | 30,104 | 28,808 | 24,400 | 28,099 | 22,581 | 20,842 | 22,839 |
Distributions of earnings received from equity method investments | ||||||||
31,400 | 33,384 | 30,789 | 30,392 | 25,300 | 26,820 | 23,507 | 22,270 | 25,537 |
Changes in operating assets and liabilities | ||||||||
Increase (Decrease) in Accounts Receivable | ||||||||
- | - | - | - | - | - | -91 | -343 | 372 |
Accounts receivable | ||||||||
-1,100 | 708 | 420 | -946 | 1,600 | 45 | 603 | -1,226 | 1,003 |
Prepaid expenses and other current assets | ||||||||
-2,300 | 5,030 | -1,956 | -790 | -1,800 | 3,274 | -113 | -988 | 1,124 |
Increase (Decrease) in Accounts Payable | ||||||||
- | - | - | - | - | - | 1 | 323 | 170 |
Accounts payable | ||||||||
300 | -1,339 | -243 | 272 | -1,100 | 527 | 956 | -29 | -600 |
Deferred revenue and credits | ||||||||
600 | -1,482 | -604 | 2,963 | -400 | 338 | -1,457 | 372 | 1,814 |
Other current liabilities | ||||||||
-3,800 | 141 | 3,390 | -103 | -4,000 | 2,593 | 1,412 | 227 | -932 |
Net cash provided by operating activities | ||||||||
48,900 | 47,102 | 55,021 | 50,209 | 37,000 | 40,297 | 45,649 | 45,777 | 42,060 |
Cash flows from investing activities | ||||||||
Capital expenditures | ||||||||
700 | 706 | 109 | 66 | 200 | 263 | 869 | 387 | 85 |
Distributions in excess of earnings from equity method investments | ||||||||
2,800 | 3,243 | 1,673 | 3,422 | 3,200 | 4,308 | 4,309 | 4,983 | 6,070 |
Net cash provided by investing activities | ||||||||
2,100 | 2,537 | 1,564 | 3,356 | 3,000 | -83,185 | 3,440 | 4,596 | 5,985 |
Cash flows from financing activities | ||||||||
Proceeds from issuance of term loan | ||||||||
468,000 | 0 | 0 | 0 | 0 | - | - | - | - |
Distributions to unitholders and general partner | ||||||||
37,600 | 35,890 | 34,315 | 32,932 | 31,600 | 30,534 | 28,543 | 28,021 | 18,830 |
Distributions to non-controlling interests | ||||||||
6,700 | 7,323 | 5,267 | 6,001 | 4,600 | 5,959 | 11,719 | 13,708 | 15,026 |
Net cash used in financing activities | ||||||||
-44,300 | -43,213 | -39,582 | -38,933 | -36,200 | 50,504 | -40,262 | -56,729 | -33,856 |
Net change in cash and cash equivalents | ||||||||
6,700 | 6,426 | 17,003 | 14,632 | 3,800 | 7,616 | 8,827 | -6,356 | 14,189 |
Supplemental cash flow information | ||||||||
Cash paid for interest | ||||||||
7,500 | 4,109 | 270 | 4,061 | 8,000 | 154 | 153 | 321 | 107 |
Non-cash investing transactions | ||||||||
Accrued capital expenditures | ||||||||
200 | -127 | 141 | 5 | 200 | -5 | -29 | 0 | 198 |
Proceeds from Issuance of Long-term Debt | ||||||||
468,000 | - | - | - | 0 | - | - | - | - |