DELEK LOGISTICS PARTNERS, LP DKL Cash Flow

Delek logistics partners, lp (DKL)

CashFlow / Quarterly

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	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12
Cash flows from operating activities:
Net income
27,796	21,637	30,531	24,885	19,696	21,279	23,326	25,582	19,995	18,914	16,923	18,977	14,595	15,312	13,151	18,893	15,448	15,295	18,602	18,311	14,003	20,179	14,839	21,488	13,552	3,752	15,808	6,573	7,271	12,506	-3,637	2,486	2,511
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
6,299	6,900	6,588	6,639	6,574	6,269	6,702	7,019	6,000	5,517	5,462	5,742	5,193	5,649	5,356	4,812	4,996	5,907	4,541	4,744	4,500	4,075	3,847	3,623	3,477	4,664	2,249	3,284	3,541	3,623	3,326	2,260	2,134
Non-cash lease expense
274	-2,361	1,145	393	1,016	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of customer contract intangible assets
1,800	1,800	1,800	1,800	1,800	1,800	1,800	1,799	601	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Amortization of deferred revenue
473	440	445	401	402	402	372	373	350	230	403	321	280	242	264	383	196	279	96	86	135	-1,695	668	667	667	-1,752	622	667	667	-	-	-	-
Amortization of deferred financing costs and debt discount
574	575	574	575	905	593	650	678	656	610	608	465	365	365	365	365	365	365	365	365	365	316	317	317	317	447	186	186	188	235	52	47	47
Accretion of asset retirement obligations
107	99	100	99	99	92	92	97	78	73	73	73	73	67	68	64	67	64	63	62	62	-35	58	89	120	61	14	88	61	115	26	28	25
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	39	94	25	-173	0	0	0	-9	-43	-160	226	-190	29	57	-5	267	59	-16	-1	-18,627	-127	-1,742	1,734
Income (Loss) from Equity Method Investments
5,553	4,972	8,394	4,515	1,951	1,549	1,924	1,899	858	1,948	1,584	1,176	245	-435	-308	-206	-229	-146	-293	-149	0	-	-	-	-	-	-	-	-	-	-	-	-
Dividends from equity method investments
4,913	6,920	5,355	2,345	1,488	1,808	2,826	1,269	1,033	1,581	487	278	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on asset disposals
107	102	70	27	-2	-243	-717	129	-60	22	5	5	-12	0	-28	0	44	-122	0	23	-5	-9	0	-74	0	-	-	-	-	-	-	-	-5
Other non-cash adjustments
855	1,073	194	-666	956	308	216	155	147	65	181	190	174	185	181	125	108	108	104	120	74	78	75	63	58	285	67	112	0	-91	39	37	16
Changes in assets and liabilities:
Accounts receivable
-812	-6,794	-6,854	5,314	-48	-229	-66	-3,484	2,352	2,696	2,047	-5,542	4,610	5,710	-3,725	-11,950	-5,882	-1,905	-2,029	8,770	2,361	-13,450	1,583	6,424	2,551	-5,635	-3,398	123	10,161	-9,457	6,730	-588	8,463
Inventories and other current assets
-8,762	4,412	4,601	-2,149	838	1,844	-8,796	-249	-7,977	13,720	13	773	-2,814	1,763	-2,228	2,979	-4,559	6,552	646	-47	-6,244	-566	-15,107	11,363	-3,584	-3,978	5,974	-9,004	10,341	-18,659	7,706	7,192	-1,156
Accounts payable and other current liabilities
-4,692	2,777	1,315	-3,751	-5,177	2,564	4,812	-16,214	7,091	2,358	7,022	-817	2,296	2,776	2,888	-4,266	2,153	-8,684	-5,242	3,976	-3,784	-7,254	-18,735	21,264	-2,392	-2,575	-2,759	-3,847	16,513	-20,535	6,824	1,693	7,617
Accounts receivable/payable to related parties
6,823	-6,081	6,819	886	-2,689	-59,068	41,584	-7,344	15,790	410	-3,444	4,501	-3,149	2,873	-1,221	-2,025	7,356	7,309	-827	-11,518	3,299	8,858	-6,890	-3,247	2,164	3,875	-3,229	-11	8,000	-15,397	799	-924	-244
Non-current assets and liabilities, net
-287	-3,553	-14	14	-109	-4,898	169	1,078	632	-4,127	-54	332	87	82	83	-403	-163	-183	595	-538	131	706	195	732	-83	6,730	-3,495	371	424	1,695	-1,582	364	1
Net cash provided by operating activities
34,834	45,810	34,262	23,310	27,017	95,358	5,957	27,987	23,656	14,061	30,241	23,436	23,474	13,946	29,172	31,215	26,374	1,262	20,202	30,791	15,769	20,655	19,981	31,036	13,412	1,084	23,270	14,234	-2,020	21,644	-7,981	-3,088	6,537
Cash flows from investing activities:
Payments to Acquire Assets From Asset Acquisition
100,000	0	0	0	0	158	-154	0	72,376	0	6,443	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business combinations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	23,272
Purchases of property, plant and equipment
4,164	4,106	2,527	1,256	1,181	4,257	2,725	2,696	3,253	8,997	3,320	2,103	3,764	5,654	2,658	1,064	1,911	2,358	4,063	5,962	7,573	4,082	730	1,884	2,316	17,716	742	3,424	3,715	14,116	14,497	1,190	1,013
Proceeds from sales of property, plant and equipment
107	0	69	63	12	37	109	265	91	46	0	0	0	0	0	0	175	9	6	23	1,160	0	0	0	0	-	-	-	-	-	-	-	-
Purchases of intangible assets
-	-	-	-	-	0	0	0	144,219	0	2,560	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions from equity method investments
110	0	0	0	804	205	297	0	660	0	252	501	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Equity Method Investments
8,229	1,933	2,363	131,597	3,401	1	0	172	0	0	594	1,287	1,650	6,877	21,584	18,300	14,819	10,365	12,280	12,603	2,186	0	0	0	0	-	-	-	-	-	-	-	-
Net cash (used in) investing activities
-112,176	-6,039	-4,821	-132,790	-3,766	-4,174	-2,165	-2,603	-219,097	-8,951	-12,665	-2,889	-5,414	-12,531	-24,242	-19,364	-16,555	-12,714	-16,337	-18,942	-8,599	-26,732	-730	-1,884	-2,316	-22,731	-6,464	-3,424	-3,715	-14,097	-14,497	-1,188	-24,285
Cash flows from financing activities:
Proceeds from issuance of additional units to maintain 2% General Partner interest
6	0	0	6	2	6	7	0	13	0	0	21	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to general partner
9,017	8,892	8,159	7,424	7,179	6,688	6,200	5,710	5,100	4,852	4,608	4,237	3,994	3,383	2,774	2,286	1,801	1,313	1,031	868	706	545	423	210	204	198	193	190	109	-	-	-	-
Distributions to common unitholders - public
8,081	8,046	7,755	7,473	7,352	7,221	7,037	6,873	6,590	6,770	6,392	6,525	6,291	6,246	6,010	5,999	5,592	5,562	5,392	4,998	4,803	4,708	4,535	3,974	3,882	3,971	3,650	3,542	2,060	0	0	0	0
Distributions to common unitholders - Delek Holdings
13,535	13,459	13,000	12,541	12,388	12,082	11,777	11,470	11,088	10,935	10,783	10,520	10,252	9,693	9,323	4,604	1,651	1,596	1,539	1,483	1,428	1,372	1,329	1,190	1,162	1,134	1,105	1,078	627	116,535	0	0	0
Distributions to subordinated unitholders - Delek Holdings
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	4,423	7,080	6,840	6,600	6,360	6,119	5,879	5,699	5,100	4,980	4,860	4,737	4,620	2,690	0	0	0	0
Distributions to Delek Holdings unitholders and general partner related to Big Spring Logistic Assets Acquisition
-	-	-	-	-	0	0	0	98,798	0	0	0	0	-	-	-	-	0	0	0	61,890	0	0	0	95,900	-	-	0	0	-	-	-	-
Proceeds from revolving credit facility
261,400	88,300	112,100	245,300	119,000	57,000	161,000	107,800	409,200	71,400	66,300	70,300	69,100	85,600	71,300	73,450	84,400	94,336	98,550	65,650	137,864	103,850	112,800	97,900	185,200	68,300	138,000	0	0	125,700	68,900	74,200	83,100
Payments on revolving credit facility
154,800	96,200	112,500	109,800	114,500	133,500	121,700	108,600	94,400	50,300	62,000	307,800	69,700	68,000	58,850	68,800	78,100	67,886	90,300	65,114	73,250	82,100	121,800	119,400	89,500	64,500	67,000	0	0	88,900	66,600	72,400	64,300
Tax benefit from exercise of equity-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	17	7	1
Distributions to common unitholders - Delek
13,535	13,459	13,000	12,541	12,388	12,082	11,777	11,470	11,088	10,935	10,783	10,520	10,252	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Distributions to subordinated unitholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Predecessor division equity contribution
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	115	46	51	1,091	2,534	-	-	6,790	6,439	-	-	-	-
Capital contributions by Predecessors
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,786	3,127	-1,061
Reimbursement of capital expenditures by Delek Holdings
-	-	-	-	-	-	483	384	2,316	-	419	784	3,051	352	726	593	209	294	2,323	1,417	1,186	1,578	0	0	0	374	0	153	310	4,498	0	0	0
Net increase (decrease) in cash and cash equivalents
-1,369	-808	913	84	834	-14,484	13,829	390	112	-615	391	4,866	-26	59	0	-204	204	0	-124	124	-1,861	1,128	-1,684	-1,709	3,202	-5,788	-20,591	8,323	-4,472	23,239	-472	658	-8
Net cash provided by financing activities
75,973	-40,579	-28,528	109,564	-22,417	-105,668	10,037	-24,994	195,553	-5,725	-17,185	-15,681	-18,086	-1,356	-4,930	-12,055	-9,615	11,452	-3,989	-11,725	-9,031	7,205	-20,935	-30,861	-7,894	15,859	-37,397	-2,487	1,263	15,692	22,006	4,934	17,740
Supplemental disclosures of cash flow information:
Cash paid during the period for:
Interest
6,903	15,788	7,935	15,071	5,997	14,513	6,556	14,881	3,009	10,153	2,348	3,247	3,693	3,304	3,047	2,965	2,890	2,720	2,426	2,189	1,674	1,862	2,291	1,983	1,525	1,336	680	587	639	373	618	579	436
Income taxes
3	1	2	83	58	1	134	2	0	-	-	-	-	-	-	-	-	-1	0	0	5	0	0	3	15	0	30	0	0	-	-	-	-
Non-cash investing activities:
Equity method investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,832	0	0	0	0	-	-	-	-	-	-	-	-
Decrease in accrued capital expenditures
-1,220	-357	1,465	85	-276	473	-307	-525	-1,004	685	466	16	-973	1,104	268	-65	-827	2,339	132	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Partners' Capital Account, Acquisitions
109,513	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash financing activities:
Sponsor contribution of fixed assets
-	-	-	-	-	-	-	-	-	0	0	0	67	4,558	0	0	609	166	0	64	354	693	167	706	0	-	-	-	-	-	-	-	-
Non-cash lease liability arising from recognition of right of use assets upon adoption of ASU 2016-02
0	-17,548	0	17,557	2,645	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-