| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||
336,200 | 374,900 | 322,600 | -133,400 | 43,700 | ||
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: | ||||||
Depreciation, Depletion and Amortization | ||||||
194,300 | 199,400 | 153,300 | 116,400 | 106,000 | ||
Amortization And Accretion, Other | ||||||
9,500 | 8,200 | 3,700 | - | - | ||
Non-Cash Lease Expense (Income) | ||||||
34,900 | 0 | 0 | - | - | ||
Amortization of above and below market leases, net | ||||||
- | - | - | 0 | - | ||
Amortization of deferred financing costs and debt discount | ||||||
- | - | - | 4,400 | 4,100 | ||
Accretion of environmental liabilities and asset retirement obligations | ||||||
- | - | - | 300 | 400 | ||
Amortization of unfavorable contract liability | ||||||
- | - | - | 700 | 0 | ||
Deferred income taxes | ||||||
64,600 | -26,800 | -48,000 | -153,200 | 19,000 | ||
Income (Loss) from Equity Method Investments | ||||||
34,300 | 9,700 | 12,600 | -43,400 | 2,000 | ||
Dividends from equity method investments | ||||||
23,900 | 8,800 | 5,900 | 0 | 15,100 | ||
Loss on disposal of assets | ||||||
-2,200 | 900 | -1,000 | -4,800 | -300 | ||
Impairment of fixed assets | ||||||
- | - | - | - | 2,200 | ||
Impairment of equity method investment | ||||||
- | - | - | 245,300 | 0 | ||
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain | ||||||
0 | 0 | 190,100 | 0 | 0 | ||
Loss on extinguishment of debt | ||||||
0 | -9,100 | 0 | 0 | - | ||
Gain on sale of business | ||||||
0 | 13,300 | 0 | 0 | - | ||
Impairment of Long-Lived Assets to be Disposed of | ||||||
0 | 27,500 | 0 | 0 | - | ||
Equity-based compensation expense | ||||||
25,800 | 21,400 | 17,500 | 16,400 | 16,800 | ||
Excess tax deficiency (benefit) of equity-based compensation | ||||||
2,500 | 2,200 | 1,400 | 1,200 | 1,300 | ||
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ||||||
5,200 | -8,700 | -5,900 | 86,300 | 6,600 | ||
Changes in assets and liabilities: | ||||||
Accounts receivable | ||||||
276,700 | -112,700 | 155,800 | 48,100 | 36,900 | ||
Inventories and other current assets | ||||||
417,700 | -138,700 | 191,100 | 56,500 | -119,800 | ||
Fair value of derivatives | ||||||
12,500 | 52,600 | -39,200 | -44,200 | -32,900 | ||
Accounts payable and other current liabilities | ||||||
565,200 | -128,100 | 290,900 | 223,800 | -82,200 | ||
Obligation under Supply and Offtake Agreement | ||||||
115,100 | -84,300 | 113,000 | 12,800 | -68,900 | ||
Non-current assets and liabilities, net | ||||||
47,600 | 1,100 | 32,200 | -2,300 | 18,400 | ||
Cash provided by operating activities - continuing operations | ||||||
575,200 | 590,400 | 321,800 | 234,700 | 144,000 | ||
Cash used in operating activities - discontinued operations | ||||||
0 | -30,100 | -2,100 | 13,300 | 36,000 | ||
Net cash (used in) provided by operating activities | ||||||
575,200 | 560,300 | 319,700 | 248,000 | 180,000 | ||
Cash flows from investing activities: | ||||||
Business combinations, net of cash acquired | ||||||
0 | 0 | -196,200 | 0 | 400 | ||
Payments to Acquire Equity Method Investments | ||||||
267,400 | 200 | 5,800 | 61,600 | 240,900 | ||
Distribution from equity method investments | ||||||
800 | 1,200 | 12,400 | 20,200 | - | ||
Purchases of property, plant and equipment | ||||||
413,000 | 322,000 | 172,000 | 46,300 | 187,700 | ||
Asset acquisitions | ||||||
8,000 | 0 | 0 | - | - | ||
Purchase of intangible assets | ||||||
19,900 | 1,700 | 5,500 | 700 | 7,200 | ||
Proceeds from sale of property, plant and equipment | ||||||
1,100 | 11,100 | 100 | 200 | - | ||
Proceeds from sale of retail stores | ||||||
15,100 | 0 | 0 | - | - | ||
Proceeds from sale of business | ||||||
0 | 110,800 | 0 | 0 | - | ||
Proceeds from sales of discontinued operations | ||||||
0 | 55,500 | 0 | 0 | 1,200 | ||
Cash used in investing activities - continuing operations | ||||||
-691,300 | -145,300 | 25,400 | -88,200 | -435,000 | ||
Cash provided by investing activities - discontinued operations | ||||||
0 | 20,000 | 12,200 | 288,900 | -25,400 | ||
Net cash used in investing activities | ||||||
-691,300 | -125,300 | 37,600 | 200,700 | -460,400 | ||
Cash flows from financing activities: | ||||||
Proceeds from long-term revolvers | ||||||
1,435,400 | 2,124,600 | 1,122,100 | 369,000 | 436,900 | ||
Payments on long-term revolvers | ||||||
1,553,700 | 1,679,800 | 1,239,800 | 327,900 | 337,100 | ||
Proceeds from term debt | ||||||
434,000 | 690,600 | 286,200 | 40,300 | 174,600 | ||
Payments on term debt | ||||||
34,300 | 826,300 | 103,600 | 55,000 | 77,600 | ||
Proceeds from inventory financing agreements | ||||||
40,800 | 0 | 52,500 | 56,500 | 0 | ||
Repayments of inventory financing agreements | ||||||
22,200 | 72,400 | 98,700 | 50,400 | 0 | ||
Proceeds from Stock Options Exercised | ||||||
- | - | - | - | 200 | ||
Settlement of warrants unwind agreement | ||||||
0 | 35,900 | 0 | 0 | - | ||
Taxes paid due to the net settlement of equity-based compensation | ||||||
9,200 | 11,500 | 5,000 | 1,500 | 4,400 | ||
Income tax benefit of equity-based compensation | ||||||
- | - | - | 1,200 | 1,300 | ||
Repurchase of common stock | ||||||
178,100 | 365,300 | 25,000 | 6,000 | 42,200 | ||
Repurchase of non-controlling interest | ||||||
- | - | - | 6,900 | 0 | ||
Repurchase of non-controlling interest | ||||||
0 | 0 | 7,300 | 24,100 | 20,900 | ||
Distribution to non-controlling interest | ||||||
32,300 | 27,700 | 35,700 | - | - | ||
Dividends paid | ||||||
86,800 | 80,100 | 44,000 | 37,500 | 37,100 | ||
Deferred financing costs paid | ||||||
1,500 | 13,800 | 6,300 | 1,900 | 2,700 | ||
Cash used in financing activities - continuing operations | ||||||
-7,900 | -297,600 | -104,600 | -44,200 | 91,000 | ||
Cash used in financing activities - discontinued operations | ||||||
0 | 0 | 0 | -17,500 | 47,500 | ||
Net cash provided by (used in) financing activities | ||||||
-7,900 | -297,600 | -104,600 | -61,700 | 138,500 | ||
Net decrease in cash and cash equivalents | ||||||
-124,000 | 137,400 | 252,700 | 387,000 | -141,900 | ||
Supplemental disclosures of cash flow information: | ||||||
Cash paid during the period for: | ||||||
Interest, net of capitalized interest | ||||||
126,200 | 120,100 | 82,100 | 51,900 | 48,900 | ||
Income taxes | ||||||
94,200 | 103,900 | 70,500 | 1,700 | 5,100 | ||
Non-cash investing activities: | ||||||
Common stock issued in connection with the buyout of Alon Partnership non-controlling interest | ||||||
0 | 127,000 | 0 | - | - | ||
Equity method investments | ||||||
- | - | - | - | 8,800 | ||
Increase in accrued capital expenditures | ||||||
15,100 | -4,800 | 9,400 | -3,700 | 4,500 | ||
Non-cash financing activities: | ||||||
Non-cash lease liability arising from recognition of right of use assets upon adoption of Accounting Standards Update (ASU) 2016-02 | ||||||
206,000 | 0 | 0 | - | - | ||
Non-cash lease liability arising from obtaining right of use assets during the period | ||||||
15,900 | 0 | 0 | - | - | ||
Common stock issued in connection with settlement of Convertible Notes | ||||||
0 | 123,900 | 0 | 0 | - | ||
Treasury shares received in connection with exercise of Call Options | ||||||
0 | -123,900 | 0 | 0 | - | ||
Common stock issued in connection with the Delek/Alon Merger | ||||||
0 | 0 | 509,000 | 0 | 0 | ||
Equity instruments issued in connection with the Delek/Alon Merger | ||||||
0 | 0 | 21,700 | 0 | - | ||