Calumet Specialty Products Partners, L.P. CLMT Cash Flow

Calumet specialty products partners, l.p. (CLMT)

CashFlow / Quarterly

Mar'20	Dec'19	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
Operating activities
Net income (loss)
-14,400	-38,600	-4,600	-16,800	16,400	18,100	-16,500	-51,900	-4,800	-83,600	-23,600	9,600	-6,200	-79,600	-33,400	-147,900	-67,700	-116,800	-48,900	2,500	23,800	-63,500	9,400	-8,300	-49,800	-15,500	-34,800	7,800	46,000	45,700	42,400	65,700	51,900	26,836	19,614	-7,651	4,201
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Net loss from discontinued operations
-	-	-	-	-	-1,000	-500	-700	-1,900	-64,900	2,500	-2,400	-7,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
26,400	27,500	27,400	27,000	28,200	29,300	29,600	29,500	29,700	35,800	44,800	37,100	37,100	24,900	44,500	43,800	38,800	15,200	36,000	36,000	35,400	37,600	35,400	35,400	30,200	29,600	29,400	29,500	29,300	27,700	24,600	19,700	19,600	19,456	14,680	14,532	14,432
Amortization of turnaround costs
5,100	2,800	6,100	5,600	4,800	4,100	2,700	2,700	3,300	3,900	6,400	6,600	7,400	7,900	7,900	8,300	9,100	9,600	6,700	6,600	6,100	6,200	6,400	6,100	5,800	5,000	4,900	3,400	2,600	3,100	3,100	3,700	3,500	3,112	2,542	2,533	3,213
Non-cash interest expense
1,500	1,200	1,400	1,600	1,900	1,800	1,700	1,700	2,700	2,600	2,800	2,500	2,300	2,400	2,600	2,700	1,900	1,400	2,300	1,500	1,400	1,400	1,500	1,600	1,900	1,800	1,700	1,800	1,700	1,700	1,600	1,400	1,400	1,337	708	657	998
Gain (Loss) on Extinguishment of Debt
0	-	0	300	400	-	0	-58,200	-600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt extinguishment costs
-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash debt extinguishment costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-300	0	-18,700	-3,400	0	0	0	-	-	-	-	-	-	-	-
Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100	200	300	-	400	200	0	-300	-400	600	600	-500	300	0	300	-300	0	0	300	145	0	120	135
Unrealized Gain (Loss) on Derivatives
31,600	-5,900	-5,400	-12,200	-2,600	29,800	-2,400	800	2,000	1,400	-9,700	1,300	10,600	-3,600	-4,900	23,800	4,600	-11,800	-5,000	5,200	-27,900	-23,200	-25,600	23,600	24,600	2,800	2,400	-4,000	24,500	-	-	-	-	-	-	-	-
Loss on impairment and disposal of assets
-	-	-	-	-	-	-	-	-	206,900	0	0	400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,400	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Assets
-6,000	-	-3,200	-16,200	-11,700	-	1,200	-700	-500	-	-	-	-	-	-200	1,500	-800	-	-1,000	-700	-300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease expense
20,200	21,100	19,300	17,000	20,800	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease payments
20,100	21,100	19,700	16,800	20,600	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized (gain) loss on derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,200	-26,000	-	-	-	-
Unrealized (gain) loss on derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-20,335	-3,124	-417
Equity-based compensation
-4,500	1,000	300	2,400	2,200	-4,000	-200	1,900	1,100	3,200	5,100	1,800	1,500	1,700	1,000	1,100	1,800	2,000	2,300	2,300	3,200	600	3,000	-100	3,000	1,400	500	0	2,900	1,400	3,200	1,300	600	1,602	1,335	1,067	896
Deferred Income Tax Benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8,000	-9,300	-4,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lower of cost or market inventory adjustment
66,300	3,200	2,700	-2,600	-38,900	42,600	3,000	-11,900	-3,100	-14,100	-7,300	-3,800	-5,400	-	-	-	-	-	-	-12,400	13,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lower of cost or market inventory adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-36,300	-8,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lower of cost or market inventory adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,200	1,600	1,300	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions
-	-	-	-	-	-	-	-	-	-	-	-	-	200	-300	-7,100	-11,100	-13,900	-34,500	-8,200	-4,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash activities
-2,200	-6,600	3,400	-400	4,000	-9,800	2,000	6,200	-5,200	-1,400	-3,800	-2,100	-2,900	-1,700	-1,400	-1,100	-1,200	-6,500	-1,100	-1,600	-1,300	1,500	-100	-1,000	-1,100	24,700	-12,800	-1,100	-600	1,600	-300	-500	-300	-1,468	-157	1,756	-131
Changes in assets and liabilities:
Accounts receivable
1,100	-12,800	-16,800	-3,200	69,800	-80,800	-9,500	24,500	-44,000	39,700	93,300	30,300	-4,400	-30,900	9,800	39,300	20,700	13,400	-26,600	-10,200	-29,200	-111,800	-8,400	66,500	54,100	-43,500	-4,900	-5,200	85,900	-67,000	600	-43,500	75,300	9,786	-3,765	21,049	27,430
Inventories
-3,800	13,300	10,900	-8,600	-31,900	-34,100	31,800	-4,900	7,500	23,600	-53,400	-4,400	42,700	-25,200	-26,600	-25,700	36,000	3,000	-68,600	21,700	18,900	-53,300	-77,300	36,700	50,000	-5,500	-29,600	-32,700	51,400	21,900	-38,500	6,600	-1,800	57,213	-1,768	86,736	24,819
Prepaid expenses and other current assets
-1,500	100	1,400	-9,500	3,500	700	6,000	-10,700	8,500	-4,000	2,700	-1,900	4,000	-2,400	5,100	1,500	0	2,000	1,900	-100	-4,400	-7,300	1,600	4,400	-2,600	-7,100	-9,200	2,400	7,100	-23,300	-1,300	5,100	-2,200	-1,526	179	2,161	-414
Increase (Decrease) in Derivative Assets and Liabilities
1,400	-100	100	200	100	100	100	200	100	200	0	200	100	900	7,700	6,800	3,600	1,600	1,900	12,700	-9,200	-6,500	3,600	-2,300	-1,500	4,800	-3,900	-400	1,300	5,900	-1,500	2,000	-1,400	-6,772	771	-1,394	-4,305
Turnaround costs
9,800	1,000	10,400	4,700	1,700	16,800	3,500	800	6,800	3,200	1,000	9,800	500	0	600	1,700	6,400	4,100	9,300	3,200	2,700	5,000	400	19,200	3,000	5,700	15,900	33,100	13,900	800	0	6,200	7,900	5,251	1,348	1,914	5,587
Other assets
-	-	-	-	-	-	-	-	-	100	400	-200	200	300	-100	100	300	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,200	-	-2,000	1,800	5,400	-4,100	4,000	-7,000	1,200	426	12,309	17,165	-29,900
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	893
Accounts payable
-65,300	9,600	18,800	5,700	37,200	-45,700	-14,800	-8,400	-9,300	51,800	10,700	-2,200	10,300	6,800	-23,500	36,900	-1,800	15,000	-85,300	71,900	-78,900	-121,700	-53,700	-900	163,200	-114,900	38,000	1,100	82,600	-15,700	84,700	-93,900	36,000	99,142	-25,987	26,448	31,697
Accrued interest payable
11,200	-9,300	11,300	-14,900	14,400	-14,800	13,300	-21,900	1,600	-2,000	3,000	-2,700	2,600	-2,700	15,000	-5,100	14,200	-15,500	14,100	-5,800	700	-4,800	-1,000	28,300	-7,400	-6,300	7,700	-7,700	5,300	-7,300	20,500	-14,000	13,800	-15,358	18,069	5,419	-730
Accrued salaries, wages and benefits
-8,500	-	-	-	-6,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,300	-2,400	-700	-2,700	-1,300	3,000	3,200	-3,900	1,183	2,534	2,267	-1,884
Accrued salaries, wages and benefits
-	-	-	-	-	-	2,200	4,600	-11,300	-	7,600	4,800	5,400	-	-1,000	-6,800	-9,200	-	3,000	3,500	-1,900	-	2,600	-16,300	300	-	-	-	-	-	-	-	-	-	-	-	-
Accrued income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-27,600	-16,200	-200	300	0	-	-	-	-
Other taxes payable
1,900	-3,500	3,300	-200	2,900	-9,400	3,300	6,200	-1,000	-6,100	6,500	500	0	-1,800	2,200	3,600	-400	-4,600	5,100	3,300	-2,000	-5,300	5,400	500	-1,700	-5,400	4,000	5,100	-700	-2,400	1,600	2,000	-300	3,824	490	1,265	-79
Other liabilities
-9,100	17,900	-6,700	5,400	-1,800	7,300	2,000	600	-55,300	15,500	15,900	-8,800	-46,800	-36,500	-2,600	-1,500	24,000	58,500	-5,700	-16,500	38,200	9,400	2,400	2,500	-600	-4,800	-12,800	19,100	5,300	-200	500	3,400	-1,000	-3,018	391	2,546	-12,019
Pension and postretirement benefits obligations
-200	-	-	-	0	-	-	-	-	-2,200	-100	-200	-200	-200	-900	-400	-500	-1,500	-300	-300	-200	-200	-600	-500	0	-300	-1,100	-600	-700	-200	-7,300	200	-300	-64	-216	-216	-404
Net cash provided by (used in) discontinued operating activities
-	-	-	-	-	-	-	-	-	-1,200	-6,500	-9,500	-6,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) operating activities
-19,900	38,000	64,300	62,200	27,400	104,500	-6,000	-4,200	-19,100	-23,200	32,300	5,100	-40,700	22,900	32,900	4,400	-56,100	80,300	136,100	70,600	89,400	168,300	122,600	-103,700	39,600	-71,200	75,600	68,500	-33,800	90,700	244,800	27,700	16,900	64,359	69,999	-27,652	-42,906
Investing activities
Additions to property, plant and equipment
14,900	27,500	10,300	7,600	9,500	8,500	8,000	15,700	17,600	24,700	15,600	12,800	16,900	21,900	29,400	21,100	66,800	95,300	83,600	79,100	74,100	95,700	88,700	59,200	46,300	46,700	42,500	50,500	21,100	20,300	14,200	12,800	9,700	18,833	10,032	14,069	6,566
Investment in unconsolidated affiliates
-	-	-	-	-	0	0	0	3,800	0	0	0	0	4,700	-800	40,900	900	-8,300	12,500	21,000	25,000	44,500	23,400	21,500	16,000	14,000	3,100	5,500	9,200	0	0	0	0	-	-	-	-
Payments to Acquire Businesses, Net of Cash Acquired
3,300	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	29,600	-13,000	247,000	53,600	6,300	100	117,700	190,200	332,600	0	46,400	-	-	-	-
Proceeds from Sale of Equity Method Investments
0	0	0	0	5,000	0	0	9,900	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of business, net
-	-	-	-	-	-	16,400	400	28,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of business, net
0	0	0	100	3,600	100	100	0	200	300	0	0	0	-	-	-	-	-400	300	100	100	0	100	0	0	-	-	-	-	100	0	0	1,900	181	89	71	59
Net cash provided by discontinued operations
900	600	0	3,000	2,000	3,200	200	3,900	-500	38,900	0	0	-300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-17,300	28,200	-10,300	-4,500	1,100	-5,200	8,700	-1,500	6,300	499,000	-15,600	-12,800	-17,200	-26,800	-28,600	-31,100	-67,700	-102,700	-87,300	-100,000	-99,000	-140,200	-141,600	-67,700	-309,300	-114,300	-51,900	-56,100	-148,000	-210,400	-83,500	-276,100	-54,200	9,732	-451,569	-12,056	-6,507
Net Cash Provided by (Used in) Financing Activities [Abstract]
Proceeds from borrowings — revolving credit facility
472,500	508,500	0	0	0	7,700	25,800	136,500	4,500	120,000	174,300	387,200	219,700	363,900	344,200	85,100	393,900	334,600	418,100	278,500	358,800	491,900	743,200	383,500	6,500	133,700	1,700	122,400	607,800	410,500	92,600	376,600	678,600	445,802	460,355	402,752	289,791
Repayments of borrowings — revolving credit facility
325,300	508,500	0	0	0	7,800	25,800	136,400	4,700	119,900	174,600	426,000	190,700	353,800	344,200	379,900	210,000	331,300	413,500	175,500	509,500	465,300	678,200	324,300	6,500	133,700	1,700	151,600	578,600	410,500	92,600	450,800	604,400	501,770	432,445	374,662	300,623
Proceeds from borrowings — senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	322,600	0	0	0	900,000	344,700	0	0	0	-	-	-	-	-	-	-	-
Repayments of borrowings — senior notes
0	761,200	48,700	65,400	23,200	0	0	400,000	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	500,000	100,000	0	0	0	-	-	-	-	-	-	-	-
Repayments of borrowings — related party note
-	-	-	-	-	-	-	-	-	-	-	-	-	19,600	20,900	33,000	1,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of borrowings term loan credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-366,422	-963
Payments on finance lease obligations
100	0	200	-300	1,000	-600	400	1,500	300	-4,200	2,200	2,300	2,200	2,300	2,100	2,100	2,000	2,000	2,500	1,800	1,700	1,200	200	200	300	200	400	300	200	300	300	500	400	298	268	267	267
Proceeds from inventory financing agreements
245,100	227,800	279,000	290,500	279,200	268,300	337,400	309,200	220,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on inventory financing agreements
-269,700	-216,600	-293,000	-261,600	-286,100	-277,700	-317,000	-313,200	-220,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from inventory financing agreements
-	-	-	-	-	-	-	-	-	-	13,800	-73,200	-32,200	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from other financing obligations
0	0	0	-300	300	100	4,600	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on other financing obligations
-700	-300	-400	-600	-600	-200	-700	-800	-800	-800	-400	-300	-800	-8,700	4,500	0	2,400	-3,600	1,100	0	0	-	-	-	-	0	0	0	3,500	0	0	0	0	-	-	-	-
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,900	-100	-15,900	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds from public offerings of common units, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,700	-100	-200	161,700	-100	3,700	0	0	0	0	217,000	175,500	0	0	146,600	0	12,830	189,580	-76	92,366
Debt issuance costs
-	-	-	-	-	100	0	-700	3,600	0	100	2,100	0	-	-	-	-	0	0	0	5,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions from Calumet GP, LLC
0	0	0	0	100	0	100	0	0	0	0	0	100	0	0	200	0	0	0	0	3,500	0	100	0	0	0	0	4,700	3,700	0	0	3,100	0	289	4,041	0	1,970
Taxes paid for phantom unit grants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,800	0	-	0	400	3,200	0	100	0	2,100	0	0	0	7,100	0	0	100	2,000	-20	0	0	620
Cash settlement of unit-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-900	0	0	0	0	-	-	-	-	-	-	-	-
Payments of Capital Distribution
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	57,400	57,200	57,400	57,300	52,700	52,600	52,500	52,500	52,600	52,600	52,600	51,900	44,500	38,200	35,900	30,100	28,200	26,318	20,124	19,310	16,948
Net cash provided by (used in) in financing activities
121,800	-211,300	-63,300	-37,100	-31,300	-9,100	24,000	-452,100	-4,900	12,000	-16,800	29,700	58,300	-9,700	-18,700	51,700	125,400	21,800	-54,300	-231,700	273,900	-27,300	12,100	6,400	328,200	172,700	-53,000	140,300	160,100	-38,700	-36,200	307,500	43,600	-74,020	381,581	24,433	64,706
Net decrease in cash, cash equivalents and restricted cash
-	-	-	-	-	-	-	-	-17,700	-	-100	22,000	400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
84,600	-	-	-	-2,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and Cash Equivalents, Period Increase (Decrease)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-14,400	25,000	1,600	-	-5,500	-261,100	264,300	800	-6,900	-165,000	58,500	-12,800	-29,300	152,700	-21,700	-158,400	125,100	59,100	6,300	71	11	-15,275	15,293
Supplemental disclosure of non-cash investing activities
Non-cash property, plant and equipment additions
10,800	-500	6,700	2,300	3,300	1,500	-1,400	-4,700	7,200	200	2,400	-1,600	8,100	-2,400	-4,100	-8,800	29,300	-22,400	17,000	14,700	47,200	400	14,100	9,000	16,400	13,100	0	0	0	-	-	-	-	-	-	-	-
Equipment acquired under capital lease
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,800	-	-	-	-