| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||||||||||||||||||||
Net income | ||||||||||||||||||||||||
186,114 | 175,300 | 166,537 | 156,447 | 140,266 | 138,995 | 135,164 | 135,057 | 134,527 | 134,062 | 128,440 | 131,353 | 126,067 | 130,122 | 133,937 | 131,171 | 131,610 | 115,531 | 102,763 | 88,466 | 76,593 | 64,827 | 0 | 0 | 0 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||||||||||
Depreciation expense and amortization of debt issuance costs | ||||||||||||||||||||||||
28,185 | 26,256 | 24,918 | 24,117 | 23,622 | 23,540 | 23,488 | 23,302 | 23,186 | 22,860 | 22,958 | 22,721 | 22,197 | 21,364 | 20,171 | 18,547 | 17,103 | 15,217 | 12,778 | 10,776 | 8,706 | 7,330 | 0 | 0 | 0 |
Unit-based compensation | ||||||||||||||||||||||||
1,772 | 1,880 | 2,117 | 2,295 | 2,444 | 2,411 | 2,052 | 1,795 | 1,472 | 1,176 | 1,097 | 1,070 | 922 | 775 | 669 | 565 | 442 | 402 | 310 | 192 | 96 | 0 | 0 | 0 | 0 |
(Gain) loss on asset sales and abandonments | ||||||||||||||||||||||||
11 | -7,229 | -7,229 | -7,229 | -6,975 | -2,501 | -2,501 | -2,501 | -5,996 | -3,914 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Other | ||||||||||||||||||||||||
49 | 49 | 727 | 734 | 494 | 388 | 1,063 | 551 | 737 | 771 | 595 | 679 | 895 | 695 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Changes in assets and liabilities: | ||||||||||||||||||||||||
Pipe revaluation | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - |
Changes in assets and liabilities: | ||||||||||||||||||||||||
Due to/from affiliate | ||||||||||||||||||||||||
5,657 | 3,874 | 3,326 | 6,737 | 4,513 | 1,580 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Receivables related party | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 0 | 1,044 | - | -7,365 | 655 | -1,241 | 3,148 | 10,446 | 4,399 | 5,011 | 9,029 | 0 | 0 | 0 |
Receivables — third party | ||||||||||||||||||||||||
-1,600 | 907 | -1,111 | -865 | -3,065 | -1,223 | -574 | 6,679 | 9,645 | 8,251 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Other current and non-current assets | ||||||||||||||||||||||||
-6,401 | 4,070 | 4,830 | 6,672 | 7,846 | -475 | 422 | 3,304 | 491 | -162 | 162 | -2,608 | 510 | 144 | 527 | 373 | 557 | 673 | 338 | 758 | 1,027 | 1,280 | 0 | 0 | 0 |
Inventory | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 |
Non-Current Assets | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
Accounts payable and other accrued liabilities | ||||||||||||||||||||||||
-11,181 | 15,199 | 30,783 | 31,654 | 23,866 | 12,162 | 9,412 | 13,949 | -428 | -2,520 | -6,604 | -7,803 | -9,606 | -16,691 | -27,442 | -20,162 | -2,809 | -10,954 | 13,931 | 11,200 | -3,505 | 23,806 | 0 | 0 | 0 |
Accounts payable related party | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 0 | 3,808 | - | -5,149 | -813 | -322 | -358 | 2,518 | 1,130 | -1,602 | -875 | 0 | 0 | 0 |
Net Cash Provided by Operating Activities | ||||||||||||||||||||||||
207,272 | 217,062 | 224,588 | 209,240 | 188,161 | 180,115 | 172,120 | 174,657 | 163,241 | 155,550 | 151,788 | 153,566 | 153,085 | 160,089 | 139,687 | 138,514 | 146,991 | 116,017 | 121,599 | 106,522 | 74,165 | 84,694 | 0 | 0 | 0 |
Cash Flows from Investing Activities: | ||||||||||||||||||||||||
Capital expenditures | ||||||||||||||||||||||||
281,717 | 327,615 | 310,659 | 286,611 | 207,916 | 145,331 | 99,289 | 66,538 | 53,146 | 48,366 | 45,099 | 40,351 | 37,466 | 50,660 | 98,727 | 186,766 | 253,791 | 291,211 | 316,934 | 289,615 | 284,188 | 269,686 | 0 | 0 | 0 |
Proceeds from sale of assets | ||||||||||||||||||||||||
- | - | - | - | - | 6,462 | 6,462 | 13,993 | 27,347 | 21,531 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Net Cash Used in Investing Activities | ||||||||||||||||||||||||
-281,717 | -327,615 | -310,659 | -286,611 | -207,270 | -138,869 | -92,827 | -52,545 | -25,799 | -26,835 | -18,473 | -21,019 | -32,134 | -45,328 | -98,490 | -186,766 | -253,791 | -291,211 | -316,849 | -289,530 | -284,103 | -269,601 | 0 | 0 | 0 |
Cash Flows from Financing Activities: | ||||||||||||||||||||||||
Contributions from general partner and noncontrolling interest holders, net | ||||||||||||||||||||||||
1 | 31 | 31 | 30 | 2,034 | -3,505 | -3,504 | -15,077 | -42,426 | -36,889 | -36,890 | -38,484 | -13,139 | -2,344 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds from issuance of long-term debt, net of discount | ||||||||||||||||||||||||
- | - | - | - | - | 394,000 | 394,000 | 394,000 | 394,000 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Net (payment) proceeds from revolving credit facility | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | -15,500 | 24,000 | 66,500 | 42,200 | 0 | 0 | 0 | - | - | - | - |
Debt issuance costs | ||||||||||||||||||||||||
- | - | - | - | - | 6,077 | 5,367 | 5,362 | 5,094 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | 777 | 0 | 0 | 0 |
Vested units withheld for unitholder taxes | ||||||||||||||||||||||||
341 | 696 | 690 | 691 | 665 | 348 | 373 | 372 | 372 | 436 | 411 | 411 | 434 | 23 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Partner and noncontrolling interest holder activity | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 171,975 | 208,018 | 146,626 | 0 | 0 | 0 |
Distribution of IPO proceeds | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 407,971 | 0 | 0 | 0 |
Quarterly distributions to unitholders | ||||||||||||||||||||||||
129,149 | 119,216 | 112,524 | 106,063 | 99,823 | 94,044 | 88,938 | 84,460 | 80,602 | 77,117 | 72,371 | 67,882 | 63,633 | 59,690 | 57,432 | 55,317 | 53,371 | 52,094 | 0 | 0 | 0 | - | - | - | - |
Net payments on unsecured $250.0 million credit facility | ||||||||||||||||||||||||
- | - | - | - | - | - | 0 | 0 | 0 | - | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Net borrowings on secured $600.0 million credit facility | ||||||||||||||||||||||||
210,350 | 227,750 | 202,000 | 197,000 | 116,650 | 84,000 | 44,000 | 11,000 | 20,000 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Acquisition of Shirley-Penns System | ||||||||||||||||||||||||
- | - | - | - | - | 265,000 | 265,000 | 265,000 | 265,000 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Net Cash (Used in) Provided by Financing Activities | ||||||||||||||||||||||||
79,610 | 106,618 | 86,856 | 88,341 | 17,213 | -40,474 | -82,182 | -126,271 | -141,494 | -131,942 | -133,672 | -132,777 | -129,206 | -108,557 | -38,206 | 53,187 | 120,613 | 172,159 | 189,107 | 173,801 | 206,991 | 182,183 | 0 | 0 | 0 |
Net Increase (Decrease) in Cash | ||||||||||||||||||||||||
5,165 | -3,935 | 785 | 10,970 | -1,896 | 772 | -2,889 | -4,159 | -4,052 | -3,227 | -357 | -230 | -8,255 | 6,204 | 2,991 | 4,935 | 13,813 | -3,035 | -6,143 | -9,207 | -2,947 | -2,724 | 0 | 0 | 0 |
Cash paid during the period for: | ||||||||||||||||||||||||
Interest | ||||||||||||||||||||||||
35,015 | 33,510 | 31,905 | 29,808 | 28,374 | 15,283 | 15,737 | 3,633 | 4,537 | 4,437 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Noncash Investing Activities: | ||||||||||||||||||||||||
Accrued capital expenditures | ||||||||||||||||||||||||
5,313 | 23,245 | 30,807 | 42,912 | 35,380 | 19,118 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |