| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
18,076 | 5,246 | 23,176 | 10,715 | 11,462 | -6,171 | 18,070 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation, amortization and accretion expense | ||||||
55,032 | 66,549 | 57,470 | 54,412 | 48,227 | 33,285 | 20,963 |
Amortization of deferred financing costs | ||||||
1,027 | 1,534 | 1,707 | 1,666 | 1,475 | 2,780 | 2,666 |
Amortization of (above) below market leases, net | ||||||
- | -21 | 70 | 198 | 394 | 236 | 96 |
Credit loss expense | ||||||
362 | 611 | 103 | 36 | 521 | 618 | 161 |
Deferred income taxes | ||||||
3,569 | -4,261 | -18,853 | -687 | -6,116 | 1,760 | 2,948 |
Equity-based employee and director compensation expense | ||||||
1,246 | 481 | 1,931 | 3,927 | 5,119 | 11,958 | 3,162 |
Circle K Omnibus Agreement fees settled in common units | ||||||
- | 3,300 | 13,200 | 12,133 | 8,917 | 0 | 0 |
(Gain) loss on dispositions and lease terminations, net | ||||||
-1,648 | -6,297 | 3,401 | 198 | - | - | - |
(Gain) loss on sales of assets, net | ||||||
- | - | - | - | 2,719 | 1,653 | 47 |
Gain on settlement of capital lease obligations | ||||||
- | - | - | 132 | 25 | 393 | -214 |
Erickson working capital adjustment | ||||||
- | - | - | -335 | - | 0 | - |
Changes in operating assets and liabilities, net of acquisitions | ||||||
8,633 | -10,016 | -13,557 | 2,965 | 2,768 | 10,369 | 12,287 |
Changes in operating assets and liabilities, net of acquisitions: | ||||||
Net cash provided by operating activities | ||||||
72,327 | 89,752 | 88,960 | 79,440 | 64,487 | 28,531 | 29,622 |
Cash flows from investing activities: | ||||||
Principal payments received on notes receivable | ||||||
1,098 | 780 | 450 | 794 | 1,958 | 2,179 | 64 |
Proceeds from sale of assets | ||||||
4,856 | 6,642 | 27,552 | 2,682 | 6,409 | 3,504 | 2,210 |
Proceeds from sale of lubricants business | ||||||
- | - | - | - | - | 10,001 | 0 |
Proceeds from sale of wholesale fuel supply contracts and assignment of leases to DMI | ||||||
- | - | - | - | - | 5,700 | 0 |
Capital expenditures | ||||||
24,611 | 13,717 | 12,488 | 20,776 | 10,183 | 13,972 | 6,959 |
Refund payment related to the sale by CST of California and Wyoming assets | ||||||
- | - | - | 17,528 | - | 0 | - |
Cash paid in connection with acquisitions, net of cash acquired | ||||||
- | - | 75,627 | 94,234 | 167,777 | 163,562 | 42,334 |
Cash paid to Circle K in connection with acquisitions | ||||||
- | 485 | - | 2,900 | - | - | - |
Cash paid to CST in connection with acquisitions | ||||||
- | - | - | - | 141,925 | 0 | 0 |
Net cash provided by (used) in investing activities | ||||||
-15,509 | -6,780 | -60,113 | -96,906 | -311,518 | -156,150 | -47,019 |
Cash flows from financing activities: | ||||||
Borrowings under the revolving credit facility | ||||||
137,303 | 128,107 | 205,121 | 214,788 | 369,495 | 353,144 | 47,905 |
Repayments on the revolving credit facility | ||||||
116,303 | 136,107 | 140,621 | 131,699 | 211,484 | 299,074 | 85,327 |
Payments of long-term debt and finance lease obligations | ||||||
2,297 | 2,866 | 2,032 | 2,262 | 1,983 | 2,048 | 7,290 |
Proceeds from issuance of common units | ||||||
- | - | - | - | 144,939 | 135,032 | 91,370 |
Borrowing under the swingline,net | ||||||
- | - | - | - | - | - | 0 |
Proceeds from sale-leaseback transactions | ||||||
- | - | - | 25,035 | - | 0 | - |
Repurchases of common units | ||||||
- | - | - | 3,252 | 3,603 | 0 | 0 |
Payments of sale-leaseback obligations | ||||||
- | 1,019 | 865 | 734 | 682 | 534 | - |
Payment of deferred financing costs | ||||||
3,972 | 901 | 6 | 694 | - | 3,918 | 408 |
Repayments from related party | ||||||
- | - | - | - | 2,465 | -2,465 | 0 |
Contributions from Circle K | ||||||
- | 6,306 | 329 | - | - | - | - |
Distributions paid on distribution equivalent rights | ||||||
86 | 37 | 22 | 45 | 13 | 0 | 0 |
Distributions paid to holders of the IDRs | ||||||
533 | 1,579 | 4,337 | 3,392 | 1,390 | 245 | 0 |
Payments to affiliate for Commission Sites | ||||||
- | - | - | - | - | - | -3,508 |
Distributions paid to noncontrolling interests | ||||||
- | 20 | 103 | 109 | 125 | 22 | 0 |
Distributions paid on common units | ||||||
72,341 | 75,562 | 83,764 | 80,012 | 64,566 | 41,196 | 25,998 |
Net cash used in financing activities | ||||||
-58,229 | -83,678 | -26,300 | 17,624 | 233,053 | 138,674 | 16,744 |
Net increase in cash and cash equivalents | ||||||
-1,411 | -706 | 2,547 | 158 | -13,978 | 11,055 | -653 |
Circle K Stores Inc. [Member] | ||||||
Proceeds from sale of assets | ||||||
3,148 | - | - | - | - | - | - |