Enviva partners, lp (EVA)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14
Assets
Current assets:
Cash and cash equivalents

5,311

9,053

2,357

5,005

106,745

2,460

863

13,790

5,057

524

9,453

1,081

11,913

466

21,396

19,806

3,636

2,128

75,157

76,668

-

592

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

938

-

-

-

-

-

-

-

-

-

Accounts receivable

79,637

72,421

49,643

61,818

64,904

54,794

49,152

45,351

48,042

79,185

49,855

53,111

49,676

77,868

31,452

47,556

37,853

38,684

44,464

37,650

-

-

Insurance receivables

-

-

0

2,258

1,300

5,140

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Related-party receivables

-

-

0

5,687

13,558

1,392

5,535

5,346

3,613

5,412

7,748

9,241

6,902

8,056

1,148

462

383

176

652

998

-

-

Inventory, Net

40,506

32,998

42,349

31,292

27,999

31,490

34,322

36,175

34,306

23,536

34,477

28,413

30,780

29,936

29,114

21,262

27,799

24,245

25,366

22,552

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

3,354

3,116

3,390

3,044

-

-

-

-

-

-

-

-

Deferred issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

Prepaid expenses and other current assets

7,380

5,617

3,998

3,069

2,391

2,235

1,643

2,680

1,361

1,006

1,186

1,753

2,431

1,979

1,518

1,928

8,074

2,124

2,808

3,340

-

-

Related-party prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

148

-

-

-

-

-

-

-

-

-

Total current assets

132,834

120,089

98,347

109,129

216,897

97,511

91,515

103,342

92,379

109,663

106,073

96,715

106,178

121,349

84,628

91,014

77,745

67,357

148,447

141,208

-

-

Property Plant And Equipment Net Excluding Construction In Progress

-

-

683,524

525,474

-

542,635

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Construction in progress

-

-

60,924

198,616

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property, plant and equipment, net

766,862

751,780

744,448

724,090

560,372

557,028

552,456

553,240

553,093

562,330

495,366

504,447

511,907

590,916

394,243

398,139

401,214

494,465

321,639

323,590

-

-

Operating Lease, Right-of-Use Asset

32,270

32,830

33,379

33,877

26,957

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

-

-

-

-

-

-

-

-

-

-

140

856

1,287

1,371

1,467

2,165

2,626

3,399

3,505

5,113

-

-

Goodwill

85,615

85,615

85,615

85,615

85,615

85,615

85,615

85,615

85,615

85,615

85,615

85,615

85,615

85,615

85,615

85,615

85,615

85,615

85,615

85,615

-

-

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,705

4,894

-

-

Other long-term assets

7,940

4,504

7,326

6,858

5,939

8,616

4,783

6,235

2,762

2,503

2,040

2,170

2,508

2,125

695

429

502

7,063

519

616

-

-

Total assets

1,025,521

994,818

969,115

959,569

895,780

748,770

734,369

748,432

733,849

760,111

689,234

689,803

707,495

801,376

566,648

577,362

567,702

657,899

564,430

561,036

-

-

Liabilities and Partners’ Capital
Current liabilities:
Accounts payable

32,636

18,985

21,512

15,648

7,667

15,551

10,730

15,620

4,363

7,554

3,122

5,145

3,009

9,993

1,726

9,789

12,602

14,277

8,975

6,595

-

-

Related-party payables, net

2,480

304

9,119

29,473

17,294

28,225

30,289

25,617

19,486

26,398

19,948

11,335

7,893

11,472

4,484

6,302

10,724

11,609

5,459

5,063

-

-

Deferred consideration for drop-down due to related-party

0

40,000

40,000

40,000

74,000

74,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Accrued and other current liabilities

-

-

-

-

-

-

35,849

33,736

44,098

-

30,710

34,197

38,936

53,492

18,603

21,065

12,830

-

16,399

-

-

-

Accrued and other current liabilities

50,370

59,066

48,318

52,788

58,656

41,400

-

-

-

29,363

-

-

-

44,531

-

-

-

26,509

-

13,413

-

-

Related-party accrued liabilities

-

-

-

-

-

-

-

604

1,211

-

372

674

-

382

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,020

9,341

270

485

575

537

-

-

Current portion of interest payable

13,667

3,427

13,209

5,512

13,020

5,434

12,573

5,029

12,573

5,029

10,625

4,250

10,805

4,414

-

-

-

-

-

1,918

-

-

Current portion of long-term debt and finance lease obligations

7,583

6,590

4,490

2,733

2,762

2,722

7,070

7,168

7,105

6,186

5,008

4,447

4,676

4,165

4,684

3,649

3,238

6,523

3,072

3,109

-

-

Related party current portion of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,108

3,187

3,414

150

-

-

-

-

Other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

274

-

-

-

-

Total current liabilities

106,736

128,372

136,648

146,154

173,399

167,332

96,511

87,774

88,836

74,530

69,785

60,048

65,319

74,957

37,625

53,333

43,078

59,827

34,480

30,635

-

-

Long-term debt and finance lease obligations

667,785

596,430

543,589

523,348

475,975

429,933

402,447

422,372

393,686

394,831

338,115

339,262

340,402

346,915

198,898

199,903

185,872

186,294

173,767

174,403

-

-

Long-term operating lease liabilities

33,228

33,469

33,725

33,849

27,730

0

74,000

74,000

74,000

74,000

-

-

-

-

-

-

14,636

14,664

-

-

-

-

Long-term interest payable

-

-

1,100

1,070

1,040

1,010

980

950

920

890

860

830

800

770

740

841

796

751

-

590

-

-

Other long-term liabilities

2,924

3,971

2,170

1,991

2,165

3,779

4,687

4,710

7,148

5,491

3,274

2,190

1,281

1,872

1,126

874

661

586

1,176

541

-

-

Total liabilities

810,673

762,242

717,232

706,412

680,309

602,054

578,625

589,806

564,590

549,742

412,034

402,330

407,802

424,514

238,389

254,951

245,043

262,122

209,423

206,169

-

-

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

-

-

Partners’ capital:
Limited partners:
Common unitholders—public (20,018,763 and 19,870,436 units issued and outstanding at March 31, 2020 and December 31, 2019, respectively)

289,758

300,184

314,258

323,883

290,845

207,612

212,539

214,009

205,969

224,027

228,961

232,315

236,902

239,902

215,384

209,272

209,094

210,488

-

-

-

-

Common unitholder—sponsor (13,586,375 units issued and outstanding at March 31, 2020 and December 31, 2019)

74,887

82,300

92,286

98,785

60,011

72,352

76,380

78,504

12,982

16,050

16,532

17,011

17,587

18,197

19,353

19,367

19,407

19,619

-

-

-

-

Subordinated unitholder—sponsor ( no units issued and outstanding at December 31, 2018 and 11,905,138 units issued and outstanding at December 31, 2017)

-

-

-

-

-

-

-

-

85,271

101,901

106,164

110,384

115,488

120,872

131,078

131,202

131,555

133,427

-

-

-

-

General partner (no outstanding units)

-101,611

-101,739

-106,530

-121,422

-135,680

-133,687

-133,810

-133,821

-130,596

-128,569

-67,875

-67,393

-67,393

-40,713

-40,373

-40,373

-40,373

31,245

-

-

-

-

Accumulated other comprehensive income

6

23

61

103

295

439

635

-66

-4,367

-3,040

-3,885

-2,152

-202

595

-105

-

-

-

-

-

-

-

Limited partner interests, 23.8 million units outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

352,004

351,850

-

-

Total Enviva Partners, LP partners’ capital

263,040

280,768

300,075

301,349

215,471

146,716

155,744

158,626

169,259

210,369

279,897

290,165

302,382

338,853

325,337

319,468

319,683

394,779

352,004

351,850

-

-

Noncontrolling interest

-48,192

-48,192

-48,192

-48,192

-

0

-

-

-

-

-2,697

-2,692

-2,689

38,009

2,922

2,943

2,976

998

3,003

3,017

-

-

Total partners' capital

214,848

232,576

251,883

253,157

-

146,716

-

-

-

-

277,200

287,473

299,693

376,862

328,259

322,411

322,659

395,777

355,007

354,867

-

274,528

Total liabilities and partners’ capital

1,025,521

994,818

969,115

959,569

895,780

748,770

734,369

748,432

733,849

760,111

689,234

689,803

707,495

801,376

566,648

577,362

567,702

657,899

564,430

561,036

-

-

Enviva, LP and Subsidiaries
Cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,646

592

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,640

11,640

Accounts receivable, net of allowance for doubtful accounts of $85 in 2015 and $61 in 2014

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,560

21,998

Inventories

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,633

18,064

Deferred issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,952

4,052

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,470

1,734

Total current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

62,901

58,080

Property, plant and equipment, net of accumulated depreciation of $64.7 million in 2015 and $40.9 million in 2014

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

312,276

316,259

Intangible assets, net of accumulated amortization of $7.0 million in 2015 and $1.0 million in 2014

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

695

722

Goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,879

4,879

Debt issuance costs, net of accumulated amortization of $0.8 million in 2015 and $3.0 million in 2014

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,247

3,594

Other long-term assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

715

955

Total assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

384,713

384,489

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,257

4,013

Related party payables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,639

2,354

Accrued and other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,159

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,864

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

79

60

Current portion of interest payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

73

Current portion of long-term debt and capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,514

10,237

Total current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31,368

24,896

Long-term debt and capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

77,960

83,838

Long-term interest payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

616

572

Interest rate swap derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

124

101

Other long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

548

554

Total liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

110,616

109,961

Predecessor equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

271,495

Total Enviva Partners, LP partners' capital

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

271,072

271,495

Noncontrolling partners' interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,025

3,033

Total partners' capital

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

274,097

274,528

Total liabilities and partners' capital

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

384,713

384,489