| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||||||
-307,000 | 38,000 | 60,000 | 83,800 | 154,400 | 127,400 | 186,300 | 86,700 | -25,500 | 225,100 | 114,400 | -32,200 | 15,300 |
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: | ||||||||||||
Depreciation, Depletion and Amortization | ||||||||||||
52,600 | 47,600 | 49,800 | 50,100 | 46,800 | 53,000 | 49,200 | 49,200 | 48,000 | 47,900 | 46,900 | 29,500 | 29,000 |
Amortization And Accretion, Other | ||||||||||||
2,200 | - | - | - | 2,600 | - | - | - | - | - | - | - | - |
Non-Cash Lease Expense (Income) | ||||||||||||
13,300 | - | - | - | 9,300 | - | - | - | - | - | - | - | - |
Amortization of deferred financing costs and debt discount | ||||||||||||
- | - | - | - | - | - | - | 2,800 | 2,000 | - | 3,300 | 1,100 | 900 |
Accretion of environmental liabilities and asset retirement obligations | ||||||||||||
- | - | - | - | - | - | - | 500 | 1,300 | - | 200 | 100 | 100 |
Amortization of unfavorable contract liability | ||||||||||||
- | - | - | - | - | - | - | 700 | 1,500 | - | 1,500 | 1,400 | 1,500 |
Deferred income taxes | ||||||||||||
-24,500 | 38,300 | 10,300 | 5,100 | 10,900 | 2,400 | 36,100 | 3,800 | -69,100 | -145,800 | 110,200 | -11,000 | -1,400 |
Income (Loss) from Equity Method Investments | ||||||||||||
5,100 | 5,900 | 16,500 | 9,300 | 2,600 | 2,800 | 4,000 | 2,900 | 0 | 2,900 | 5,100 | 1,500 | 3,100 |
Dividends from equity method investments | ||||||||||||
4,900 | 12,200 | 7,500 | 2,300 | 1,900 | 3,600 | 2,900 | 1,300 | 1,000 | 4,800 | 900 | 200 | 0 |
Derivative, Gain (Loss) on Derivative, Net | ||||||||||||
- | - | - | - | - | - | - | - | -700 | - | - | - | 0 |
Loss on disposal of assets | ||||||||||||
-500 | 1,600 | -200 | 2,000 | -5,600 | 2,200 | 0 | -1,000 | -300 | 0 | -700 | -300 | 0 |
Loss on extinguishment of debt | ||||||||||||
- | - | - | - | - | 0 | -100 | 0 | -9,000 | 0 | 0 | 0 | 0 |
Impairment of Long-Lived Assets to be Disposed of | ||||||||||||
- | - | - | - | - | 0 | 0 | 0 | 27,500 | 0 | 0 | 0 | 0 |
Equity-based compensation expense | ||||||||||||
6,300 | 6,600 | 7,400 | 6,800 | 5,000 | 5,800 | 5,200 | 5,600 | 4,800 | 4,900 | 4,700 | 4,100 | 3,800 |
Excess tax deficiency (benefit) of equity-based compensation | ||||||||||||
-600 | 500 | 300 | 300 | 1,400 | 2,200 | 0 | 0 | 0 | - | - | - | - |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ||||||||||||
- | - | - | - | - | -200 | 500 | -800 | -8,200 | -1,800 | -4,100 | 0 | 0 |
Changes in assets and liabilities: | ||||||||||||
Accounts receivable | ||||||||||||
-351,600 | -42,700 | -13,200 | 66,800 | 265,800 | -225,400 | -65,000 | 148,600 | 29,100 | 98,300 | 35,500 | -39,300 | 61,300 |
Inventories and other current assets | ||||||||||||
-531,700 | 206,200 | 19,000 | 0 | 192,500 | -217,400 | 32,500 | -160,300 | 206,500 | 153,000 | 33,200 | -5,500 | 10,400 |
Fair value of derivatives | ||||||||||||
36,100 | -300 | 35,100 | 21,200 | -43,500 | -11,500 | -48,500 | 94,300 | 18,300 | -20,300 | -8,400 | -8,500 | -2,000 |
Accounts payable and other current liabilities | ||||||||||||
-546,300 | 90,900 | 124,800 | 57,100 | 292,400 | -178,600 | 6,900 | 95,600 | -52,000 | 284,300 | 79,000 | -69,300 | -3,100 |
Obligation under Supply and Offtake Agreement | ||||||||||||
-199,900 | 68,700 | 28,100 | -4,300 | 22,600 | -116,500 | 7,500 | -47,100 | 71,800 | 48,900 | 43,300 | 15,200 | 5,600 |
Non-current assets and liabilities, net | ||||||||||||
-1,100 | 6,000 | 33,000 | 9,300 | -700 | -13,300 | 20,900 | 45,800 | -52,300 | -3,200 | 24,200 | -11,900 | 23,100 |
Cash provided by operating activities - continuing operations | ||||||||||||
- | - | - | - | - | 359,100 | 352,100 | 54,300 | -175,100 | 242,200 | 126,500 | 300 | -47,200 |
Cash used in operating activities - discontinued operations | ||||||||||||
- | - | - | - | - | 0 | -14,500 | 0 | -15,600 | 5,100 | -7,200 | 0 | 0 |
Net cash (used in) provided by operating activities | ||||||||||||
-154,100 | 126,800 | 213,000 | 102,000 | 133,400 | 359,100 | 337,600 | 54,300 | -190,700 | 247,300 | 119,300 | 300 | -47,200 |
Cash flows from investing activities: | ||||||||||||
Payments to Acquire Equity Method Investments | ||||||||||||
27,100 | 53,400 | 77,600 | 131,600 | 4,800 | 0 | 0 | 200 | 0 | 1,000 | 1,900 | 1,200 | 1,700 |
Distribution from equity method investments | ||||||||||||
69,400 | 0 | 0 | 0 | 800 | 200 | 300 | 0 | 700 | 1,500 | 300 | 5,500 | 5,100 |
Purchases of property, plant and equipment | ||||||||||||
189,200 | 107,300 | 105,800 | 75,900 | 124,000 | 94,000 | 85,500 | 71,500 | 71,000 | 63,600 | 73,400 | 16,000 | 19,000 |
Purchase of intangible assets | ||||||||||||
- | - | - | - | - | 0 | 1,200 | -1,100 | 1,600 | 0 | 5,500 | 0 | 0 |
Proceeds from sale of property, plant and equipment | ||||||||||||
300 | 800 | 0 | -700 | 1,000 | 5,700 | 5,100 | 200 | 100 | 100 | 0 | 0 | 0 |
Proceeds from sales of discontinued operations | ||||||||||||
- | - | - | - | - | 0 | 15,800 | 0 | 39,700 | 0 | 0 | 0 | 0 |
Cash used in investing activities - continuing operations | ||||||||||||
- | - | - | - | - | -88,100 | -65,500 | 40,400 | -32,100 | -67,300 | 124,800 | -16,500 | -15,600 |
Cash provided by investing activities - discontinued operations | ||||||||||||
- | - | - | - | - | 0 | 14,500 | 0 | 5,500 | -1,300 | 13,500 | 0 | 0 |
Net cash used in investing activities | ||||||||||||
-146,600 | -181,800 | -180,100 | -202,400 | -127,000 | -88,100 | -51,000 | 40,400 | -26,600 | -68,600 | 138,300 | -16,500 | -15,600 |
Cash flows from financing activities: | ||||||||||||
Proceeds from long-term revolvers | ||||||||||||
1,230,200 | 157,000 | 290,900 | 549,700 | 437,800 | 375,500 | 179,500 | 490,900 | 1,078,700 | 340,400 | 347,200 | 225,900 | 208,600 |
Payments on long-term revolvers | ||||||||||||
1,053,500 | 274,800 | 206,400 | 639,200 | 433,300 | 452,000 | 210,200 | 408,700 | 608,900 | 319,300 | 292,900 | 448,400 | 179,200 |
Proceeds from term debt | ||||||||||||
- | - | - | - | - | 0 | 0 | 0 | 690,600 | 38,100 | 0 | 248,100 | 0 |
Payments on term debt | ||||||||||||
27,900 | 2,800 | 2,400 | 2,300 | 26,800 | 1,700 | 151,700 | 1,800 | 671,100 | 23,700 | 19,500 | 22,700 | 37,700 |
Proceeds from inventory financing agreements | ||||||||||||
42,000 | 0 | 21,000 | 4,200 | 15,600 | 0 | 0 | 0 | 0 | - | - | - | - |
Repayments of inventory financing agreements | ||||||||||||
21,000 | 0 | 6,600 | 6,600 | 9,000 | 0 | 0 | 0 | 72,400 | 89,700 | 3,000 | 0 | 6,000 |
Taxes paid due to the net settlement of equity-based compensation | ||||||||||||
700 | 800 | 1,500 | 2,400 | 4,500 | 700 | 2,000 | 7,000 | 1,800 | 2,300 | 500 | 1,500 | 700 |
Repurchase of common stock | ||||||||||||
1,900 | 30,300 | 43,000 | 58,600 | 46,200 | 157,900 | 92,100 | 20,000 | 95,300 | 25,000 | 0 | 0 | 0 |
Repurchase of non-controlling interest | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 3,300 | 4,000 |
Repurchase of non-controlling interest | ||||||||||||
5,000 | -23,800 | 8,200 | 15,600 | 0 | -21,500 | 7,400 | 7,200 | 6,900 | -16,500 | 10,600 | 6,800 | 6,400 |
Distribution to non-controlling interest | ||||||||||||
8,600 | - | - | - | 7,700 | - | - | - | - | - | - | - | - |
Dividends paid | ||||||||||||
23,100 | 22,500 | 21,800 | 21,500 | 21,000 | 21,300 | 21,000 | 20,800 | 17,000 | 12,700 | 12,300 | 9,400 | 9,600 |
Deferred financing costs paid | ||||||||||||
200 | 600 | 0 | 0 | 900 | 600 | 5,400 | 5,300 | 2,500 | 200 | 300 | 5,800 | 0 |
Cash used in financing activities - continuing operations | ||||||||||||
- | - | - | - | - | -300,800 | -310,300 | 20,100 | 293,400 | -74,800 | 8,100 | -2,900 | -35,000 |
Cash used in financing activities - discontinued operations | ||||||||||||
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net cash provided by (used in) financing activities | ||||||||||||
130,300 | 3,900 | 22,100 | 62,100 | -96,000 | -300,800 | -310,300 | 20,100 | 293,400 | -74,800 | 8,100 | -2,900 | -35,000 |
Net decrease in cash and cash equivalents | ||||||||||||
-170,400 | -51,100 | 55,000 | -38,300 | -89,600 | -29,800 | -23,700 | 114,800 | 76,100 | 103,900 | 265,700 | -19,100 | -97,800 |
Supplemental disclosures of cash flow information: | ||||||||||||
Cash paid during the period for: | ||||||||||||
Interest, net of capitalized interest | ||||||||||||
32,200 | 37,900 | 27,900 | 35,300 | 25,100 | 32,900 | 24,500 | 30,000 | 32,700 | 29,400 | 24,400 | 10,400 | 17,900 |
Income taxes | ||||||||||||
200 | 20,900 | 7,200 | 66,000 | 100 | 50,600 | 47,600 | 5,700 | 0 | -100 | 11,300 | 46,400 | 12,900 |
Non-cash investing activities: | ||||||||||||
Common stock issued in connection with the buyout of Alon Partnership non-controlling interest | ||||||||||||
- | - | - | - | - | 0 | 0 | 0 | 127,000 | - | - | - | - |
Increase in accrued capital expenditures | ||||||||||||
1,100 | -4,000 | 4,600 | 10,100 | 4,400 | 12,300 | 800 | -17,000 | -900 | 7,000 | 7,200 | -1,000 | -3,800 |
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 | ||||||||||||
0 | -5,000 | 0 | 0 | 211,000 | - | - | - | - | - | - | - | - |
Non-cash lease liability arising from obtaining right of use assets during the period | ||||||||||||
6,800 | 6,300 | 1,500 | 8,100 | 0 | - | - | - | - | - | - | - | - |
Common stock issued in connection with the Delek/Alon Merger | ||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 509,000 | 0 | 0 |