| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net income | |||||||||
96,749 | 90,182 | 69,409 | 62,804 | 66,211 | 70,058 | 33,404 | 13,866 | 4,191 | 10,087 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Amortization of unfavorable contract liability to revenue | |||||||||
- | - | - | - | - | 2,670 | 2,623 | - | - | - |
Depreciation and amortization | |||||||||
26,701 | 25,990 | 21,914 | 20,813 | 19,692 | 15,022 | 13,738 | 11,343 | 6,061 | 2,810 |
Non-cash lease expense | |||||||||
193 | 0 | 0 | - | - | - | - | - | - | - |
Amortization of customer contract intangible assets | |||||||||
7,200 | 6,000 | 0 | 0 | - | - | - | - | - | 0 |
Amortization of deferred revenue | |||||||||
1,688 | 1,497 | 1,234 | 1,085 | 596 | 307 | 204 | 668 | 0 | - |
Amortization of deferred financing costs and debt discount | |||||||||
2,629 | 2,577 | 2,048 | 1,460 | 1,460 | 1,267 | 1,007 | 381 | 208 | 169 |
Accretion of asset retirement obligations | |||||||||
397 | 359 | 292 | 266 | 251 | 232 | 224 | 194 | 173 | 73 |
Deferred income taxes | |||||||||
- | - | - | -173 | 14 | -109 | 309 | -18,762 | -4,328 | 258 |
Income (Loss) from Equity Method Investments | |||||||||
19,832 | 6,230 | 4,953 | -1,178 | -588 | 0 | 0 | - | - | - |
Dividends from equity method investments | |||||||||
16,108 | 6,936 | 2,346 | 0 | 0 | - | - | - | - | - |
(Gain) loss on asset disposals | |||||||||
197 | -891 | 20 | 16 | -104 | -83 | -166 | -9 | 2 | 0 |
Share-based compensation expense | |||||||||
- | - | - | - | - | - | - | 92 | 64 | - |
Other non-cash adjustments | |||||||||
1,557 | 826 | 610 | 599 | 406 | 274 | 464 | 1 | 0 | 86 |
Changes in assets and liabilities: | |||||||||
Unit-based compenstaion expense | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Accounts receivable | |||||||||
-8,382 | -1,427 | 3,811 | -15,847 | 7,197 | -2,892 | 1,251 | 5,148 | 2,628 | 6,063 |
Inventories and other current assets | |||||||||
7,702 | -15,178 | 11,692 | -2,045 | 907 | -7,894 | 3,333 | -4,917 | 10,705 | 4,239 |
Accounts payable and other current liabilities | |||||||||
-4,836 | -1,747 | 10,859 | 3,551 | -13,734 | -7,117 | 7,332 | -4,401 | 9,265 | 5,160 |
Accounts receivable/payable to related parties | |||||||||
-1,065 | -9,038 | -1,682 | 6,983 | -1,737 | 885 | 8,635 | -15,766 | 12,252 | -5,111 |
Non-current assets and liabilities, net | |||||||||
-3,662 | -3,019 | -3,762 | -401 | 5 | 1,550 | 4,030 | 478 | 99 | 31 |
Net cash provided by operating activities | |||||||||
130,399 | 152,958 | 91,212 | 100,707 | 68,024 | 85,084 | 36,568 | 17,112 | -10,052 | 13,421 |
Cash flows from investing activities: | |||||||||
Payments to Acquire Assets From Asset Acquisition | |||||||||
0 | 72,380 | 6,443 | 0 | 400 | - | - | - | - | - |
Business combinations | |||||||||
- | - | - | - | - | 22,650 | 10,737 | 23,272 | 0 | 0 |
Purchases of property, plant and equipment | |||||||||
9,070 | 12,931 | 18,184 | 11,287 | 19,956 | 9,012 | 25,597 | 30,816 | 7,130 | 0 |
Proceeds from sales of property, plant and equipment | |||||||||
144 | 502 | 46 | 175 | 1,198 | 0 | 0 | 21 | 0 | 0 |
Purchases of intangible assets | |||||||||
0 | 144,219 | 2,560 | 0 | - | - | - | - | - | - |
Distributions from equity method investments | |||||||||
804 | 1,162 | 753 | 0 | - | - | - | - | - | - |
Payments to Acquire Equity Method Investments | |||||||||
139,294 | 173 | 3,531 | 61,580 | 37,434 | 0 | 0 | - | - | - |
Net cash (used in) investing activities | |||||||||
-147,416 | -228,039 | -29,919 | -72,692 | -56,592 | -31,662 | -36,334 | -54,067 | -7,130 | 0 |
Cash flows from financing activities: | |||||||||
Proceeds from issuance of common units, net of underwriters' discount | |||||||||
- | - | - | - | - | - | - | 179,676 | - | - |
Proceeds from issuance of additional units to maintain 2% General Partner interest | |||||||||
8 | 26 | 21 | 29 | 50 | 45 | 99 | 0 | 0 | 0 |
Distributions to general partner | |||||||||
31,654 | 23,698 | 17,691 | 10,244 | 3,918 | 1,382 | 690 | 50,000 | 0 | - |
Distributions to common unitholders - public | |||||||||
30,626 | 27,721 | 25,978 | 23,847 | 20,755 | 17,099 | 13,223 | 0 | 0 | - |
Distributions to common unitholders - Delek Holdings | |||||||||
51,388 | 46,417 | 42,490 | 25,271 | 6,046 | 5,053 | 3,944 | 116,535 | 0 | - |
Distributions to subordinated unitholders - Delek Holdings | |||||||||
- | - | - | 11,503 | 25,919 | 21,658 | 16,907 | 0 | 0 | - |
Distributions to Delek Holdings unitholders and general partner related to Big Spring Logistic Assets Acquisition | |||||||||
0 | 98,798 | 0 | 0 | 61,890 | 95,900 | 94,800 | 0 | 0 | - |
Proceeds from revolving credit facility | |||||||||
564,700 | 735,000 | 277,100 | 314,750 | 396,400 | 499,750 | 206,300 | 351,900 | 197,300 | 164,100 |
Payments on revolving credit facility | |||||||||
433,000 | 458,200 | 489,800 | 273,750 | 296,550 | 412,800 | 131,500 | 292,200 | 196,000 | 177,600 |
Proceeds from issuance of senior notes | |||||||||
0 | 0 | 248,112 | 0 | 0 | - | - | - | - | - |
Tax benefit from exercise of equity-based compensation | |||||||||
- | - | - | - | - | - | - | 25 | 20 | 0 |
Offering costs | |||||||||
- | - | - | - | - | - | - | 4,217 | 0 | 0 |
Deferred financing costs paid | |||||||||
0 | 5,264 | 5,951 | 0 | 0 | 3,688 | 2,273 | 3,821 | 0 | 0 |
Distributions to common unitholders - Delek | |||||||||
51,388 | 46,417 | 42,490 | 25,271 | 6,046 | - | - | - | - | 0 |
Distributions to subordinated unitholders | |||||||||
- | - | - | 11,503 | 25,919 | - | - | - | - | - |
Predecessor division equity contribution | |||||||||
- | - | - | - | 115 | 3,722 | 33,339 | -8,954 | 15,897 | 0 |
Reimbursement of capital expenditures by Delek Holdings | |||||||||
- | - | - | 1,880 | 5,220 | 1,578 | 837 | 4,498 | 0 | 0 |
Net increase (decrease) in cash and cash equivalents | |||||||||
1,023 | -153 | 4,616 | 59 | -1,861 | 937 | -22,528 | 23,417 | 35 | -79 |
Net cash provided by financing activities | |||||||||
18,040 | 74,928 | -56,677 | -27,956 | -13,293 | -52,485 | -22,762 | 60,372 | 17,217 | -13,500 |
Supplemental disclosures of cash flow information: | |||||||||
Cash paid during the period for: | |||||||||
Interest | |||||||||
44,791 | 38,959 | 19,441 | 12,206 | 9,009 | 7,661 | 3,242 | 2,006 | 1,807 | 2,512 |
Income taxes | |||||||||
144 | 137 | 60 | 224 | 4 | 18 | 30 | 1,316 | 56 | 1 |
Non-cash investing activities: | |||||||||
Equity method investments | |||||||||
- | - | - | - | 3,832 | 0 | 0 | - | - | - |
Decrease in accrued capital expenditures | |||||||||
917 | -1,363 | 194 | 480 | 2,471 | 156 | 140 | - | - | - |
Non-cash financing activities: | |||||||||
Working capital retained by Sponsor | |||||||||
- | - | - | - | - | - | 213 | 63,847 | 0 | 0 |
Sponsor contribution of fixed assets | |||||||||
0 | 154 | 67 | 5,167 | 584 | 1,566 | 520 | 476 | 0 | 0 |
Leased assets obtained in exchange for new operating lease liabilities | |||||||||
1,285 | 0 | 0 | - | - | - | - | - | - | - |
Non-cash lease liability arising from recognition of right of use assets upon adoption of ASU 2016-02 | |||||||||
2,654 | 0 | 0 | - | - | - | - | - | - | - |