Cnx midstream partners lp (CNXM)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
Cash Flows from Operating Activities:
Net income

45,790

50,196

43,665

46,463

34,976

41,433

33,575

30,282

33,705

37,602

33,468

29,752

33,240

31,980

36,381

24,466

37,295

35,795

33,615

24,905

21,216

23,027

19,318

13,032

9,450

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense and amortization of debt issuance costs

8,050

7,149

6,658

6,328

6,121

5,811

5,857

5,833

6,039

5,759

5,671

5,717

5,713

5,857

5,434

5,193

4,880

4,664

3,810

3,749

2,994

2,225

1,808

1,679

1,618

Unit-based compensation

504

399

328

541

612

636

506

690

579

277

249

367

283

198

222

219

136

92

118

96

96

0

0

0

0

(Gain) loss on asset sales and abandonments

11

0

0

0

-7,229

0

0

254

-2,755

0

0

-3,241

-673

-

-

-

-

-

-

-

-

-

-

-

-

Other

-11

98

-8

-30

-11

776

-1

-270

-117

1,451

-513

-84

-83

1,275

-429

132

-283

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Pipe revaluation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Due to/from affiliate

3,706

2,252

-1,647

1,346

1,923

1,704

1,764

-878

-1,010

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receivables related party

-

-

-

-

-

-

-

-

-

-

-6,628

-4,467

458

-

2,874

-4,434

-7,851

2,046

10,894

-6,330

-3,462

9,344

4,847

-5,718

556

Receivables — third party

-2,955

1,861

-607

101

-448

-157

-361

-2,099

1,394

492

6,892

867

0

-

-

-

-

-

-

-

-

-

-

-

-

Other current and non-current assets

-1,500

-1,231

-1,738

-1,932

8,971

-471

104

-758

650

426

2,986

-3,571

-3

750

216

-453

-369

1,133

62

-269

-253

798

482

0

0

Inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Non-Current Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Accounts payable and other accrued liabilities

-14,970

-13,480

-3,637

20,906

11,410

2,104

-2,766

13,118

-294

-646

1,771

-1,259

-2,386

-4,730

572

-3,062

-9,471

-15,481

7,852

14,291

-17,616

9,404

5,121

-414

9,695

Accounts payable related party

-

-

-

-

-

-

-

-

-

-

-219

-2,815

-2,975

-

33

123

-163

-5,142

4,369

614

-199

-2,266

2,981

-2,118

528

Net Cash Provided by Operating Activities

40,123

41,382

51,014

74,753

49,913

48,908

35,666

53,674

41,867

40,913

38,203

42,258

34,176

37,151

39,981

41,777

41,180

16,749

38,808

50,254

10,206

22,331

23,731

17,897

20,735

Cash Flows from Investing Activities:
Capital expenditures

32,659

76,459

68,289

104,310

78,557

59,503

44,241

25,615

15,972

13,461

11,490

12,223

11,192

10,194

6,742

9,338

24,386

58,261

94,781

76,363

61,806

83,984

67,462

70,936

47,304

Proceeds from sale of assets

-

-

-

-

-

0

0

646

5,816

0

7,531

14,000

0

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Used in Investing Activities

-32,659

-76,459

-68,289

-104,310

-78,557

-59,503

-44,241

-24,969

-10,156

-13,461

-3,959

1,777

-11,192

-5,099

-6,505

-9,338

-24,386

-58,261

-94,781

-76,363

-61,806

-83,899

-67,462

-70,936

-47,304

Cash Flows from Financing Activities:
Contributions from general partner and noncontrolling interest holders, net

0

0

1

0

30

0

0

2,004

-5,509

1

-11,573

-25,345

28

0

-13,167

0

10,823

-

-

-

-

-

-

-

-

Proceeds from issuance of long-term debt, net of discount

-

-

-

-

-

0

0

0

394,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net (payment) proceeds from revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,000

-27,000

500

17,000

33,500

15,500

-23,800

-

-

-

-

Debt issuance costs

-

-

-

-

-

710

5

268

5,094

0

0

0

0

-

-

-

-

-

-

-

-

92

685

0

0

Vested units withheld for unitholder taxes

309

6

0

26

664

0

1

0

347

25

0

0

411

0

0

23

0

-

-

-

-

-

-

-

-

Partner and noncontrolling interest holder activity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,957

85,392

26,000

37,626

59,000

24,000

Distribution of IPO proceeds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

407,971

0

0

Quarterly distributions to unitholders

37,201

32,371

30,637

28,940

27,268

25,679

24,176

22,700

21,489

20,573

19,698

18,842

18,004

15,827

15,209

14,593

14,061

13,569

13,094

12,647

12,784

-

-

-

-

Net payments on unsecured $250.0 million credit facility

-

-

-

-

-

-

0

0

149,500

-

4,000

1,000

5,000

-

-

-

-

-

-

-

-

-

-

-

-

Net borrowings on secured $600.0 million credit facility

35,250

65,750

38,000

71,350

52,650

40,000

33,000

-9,000

20,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of Shirley-Penns System

-

-

-

-

-

0

0

0

265,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash (Used in) Provided by Financing Activities

-2,260

33,373

7,333

41,164

24,748

13,611

8,818

-29,964

-32,939

-28,097

-35,271

-45,187

-23,387

-29,827

-34,376

-41,616

-2,738

40,524

57,017

25,810

48,808

57,472

41,711

59,000

24,000

Net Increase (Decrease) in Cash

5,204

-1,704

-9,942

11,607

-3,896

3,016

243

-1,259

-1,228

-645

-1,027

-1,152

-403

2,225

-900

-9,177

14,056

-988

1,044

-299

-2,792

-4,096

-2,020

5,961

-2,569

Cash paid during the period for:
Interest

15,756

2,236

15,382

1,641

14,251

631

13,285

207

1,160

1,085

1,181

1,111

1,060

-

-

-

-

-

-

-

-

-

-

-

-

Noncash Investing Activities:
Accrued capital expenditures

8,366

-18,351

5,330

9,968

26,298

-10,789

17,435

2,436

10,036

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-