Enviva partners, lp (EVA)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Cash flows from operating activities:
Net income (loss)

13,613

-2,943

5,515

10,019

17,364

6,952

5,463

-2,870

-4,917

14,373

-5,843

-520

7,872

13,463

29,175

27,622

20,598

17,563

0

0

0

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization

54,338

51,581

47,252

43,762

42,545

40,745

40,486

40,394

40,407

40,361

36,398

33,128

30,204

27,735

27,104

28,244

29,361

30,738

0

0

0

MSA Fee Waivers

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs, debt premium and original issue discounts

1,355

1,243

1,164

1,140

1,116

1,093

1,115

1,228

1,339

1,448

1,716

1,769

1,828

1,893

1,713

1,623

1,547

1,606

0

0

0

Impairment of inventory

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative expense incurred by sponsor

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

475

0

0

0

General and administrative expense incurred by the Hamlet JV prior to Enviva Port of Wilmington, LLC and Enviva Pellets Sampson, LLC Drop-Downs

-

-

-

-

-

-

-

-

-

-

-

-

-

4,087

0

0

0

-

-

-

-

General and administrative expense incurred by the First Hancock JV prior to Enviva Port of Wilmington, LLC Drop-Down

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Allocation of income tax expense from Enviva Cottondale Acquisition I, LLC

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,663

0

0

0

Loss on disposal of assets and assets held for sale

-

-

-

-

-

-2,386

-3,384

-3,965

-6,832

-5,726

-3,949

-4,235

-2,409

-2,386

-3,860

-2,210

-2,064

-2,081

0

0

0

Unit-based compensation

5,096

5,410

4,460

5,891

7,358

6,229

5,505

5,557

4,643

5,014

6,681

6,010

5,263

4,230

0

0

0

-

-

-

-

Fair value changes in derivatives

4,344

-3,701

5,274

4,887

5,773

7,464

4,452

3,161

-1,284

0

0

0

0

-

-

-

-

-23

0

0

0

Unrealized (losses) gains on foreign currency transactions, net

-50

-177

-49

-23

-184

-23

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in operating assets and liabilities:
Accounts and insurance receivables

17,575

16,330

1,282

18,743

18,361

-19,230

-661

-7,732

-1,723

1,317

13,072

5,589

11,857

39,218

-7,687

9,840

-32

3,577

0

0

0

Related-party receivables

-9,414

-1,392

-4,235

-118

7,102

-2,720

-4,766

-4,685

-3,763

-1,577

2,795

2,430

-140

-237

0

0

0

-

-

-

-

Prepaid expenses and other current and long-term assets

173

358

234

225

204

182

374

278

-494

138

-6,904

-6,950

-6,060

-7,466

-1,305

-1,562

-208

115

0

0

0

Assets held for sale

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Inventories

12,190

1,889

8,787

-4,160

-12,032

7,843

-456

7,366

9,497

-5,758

3,994

8,979

5,724

8,411

4,077

-4,151

7,203

22

0

0

0

Other long-term assets

-

-

-

-

-

-

-

-

-

-

0

0

-6,840

-

-123

-186

6,412

6,051

0

0

0

Derivatives

-589

-1,770

-1,341

-6,417

-5,806

-4,907

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

0

Accounts payable, accrued liabilities and other current liabilities

20,042

9,287

6,960

-599

5,010

14,916

10,223

10,215

9,729

-2,331

0

0

0

-

-

-

-

-

-

-

-

Related-party payables

-10,322

-27,933

-15,169

3,262

-5,656

173

10,218

11,277

11,812

15,733

13,513

3,965

-3,726

3,625

2,290

3,471

8,564

4,121

0

0

0

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

0

Accrued interest

-2,911

-5,148

-847

-271

307

367

3

-1,166

-177

-1,330

10,597

4,239

10,809

4,433

182

-1,738

164

105

0

0

0

Deferred revenue

0

-

-

-

0

-

-

-

-

-

-

-

-127

-

4,445

8,803

190

425

0

0

0

Other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

0

Related party accrued interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Operating lease liabilities

4,954

4,826

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

444

94

185

445

1,058

997

1,035

837

663

1,008

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

92,033

53,860

57,401

60,382

44,468

84,053

83,195

72,170

78,767

87,095

74,724

51,112

74,057

55,804

76,005

82,770

63,550

65,857

0

0

0

Purchases of property, plant and equipment

125,681

111,269

92,582

71,145

36,412

27,132

22,862

18,711

21,399

28,744

80,566

97,937

109,977

112,887

149,191

128,584

111,198

100,216

0

0

0

Payment of acquisition related costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,573

0

0

0

Other

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-195,664

-177,483

-165,780

-145,845

-35,282

-26,002

-21,589

-17,438

-21,256

-28,601

-80,488

-96,174

-108,214

-111,124

-147,484

-128,338

-110,900

-103,490

0

0

0

Cash flows from financing activities:
Proceeds from senior secured revolving credit facility, net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term debt and finance lease obligations, net

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on other long-term debt and finance lease obligations

0

-

-

-

0

-

-

-

-

1,954

170,684

170,528

192,045

204,216

140,069

53,368

216,197

199,638

0

0

0

Principal payments on related-party debt

-

-

-

-

-

-

-

-

-

-

-

-

-

3,391

0

0

0

-

-

-

0

Cash paid related to debt issuance costs

0

-

-

-

0

-

-

-

-

735

0

0

0

-

-

-

-

-

-

-

-

Cash restricted for debt service

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Distributions, proceeds from contributions and contributions associated with Enviva Pellets Sampson, LLC and Enviva Port of Wilmington, LLC Drop-Downs from our sponsor and Hamlet JV

-

-

-

-

-

-

-

-

-

-

-

-

-

39,060

0

0

0

-

-

-

-

Proceeds from common unit issuances, net

-3,178

96,822

96,822

96,970

100,000

241

464

464

464

1,938

0

0

0

-

-

-

-

-

-

-

-

Payments in relation to the Hamlet JV Drop-Down

64,300

24,300

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to unitholders, distribution equivalent rights and incentive distribution rights holder

102,616

95,659

87,881

80,522

75,285

73,518

73,165

70,802

67,343

64,325

59,858

56,999

54,635

51,376

0

0

0

-

-

-

-

Proceeds from debt issuance

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Payment to General Partner to purchase affiliate common units for Long-Term Incentive Plan vesting

-

-

-

-

-

2,341

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment for withholding tax associated with Long-Term Incentive Plan vesting

5,637

1,910

2,026

4,741

2,871

4,536

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from borrowings on Revolving Credit Commitments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

252,640

-

0

0

0

Proceeds from contributions from the First Hancock JV prior to Enviva Pellets Sampson, LLC Drop-Down

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Contributions from sponsor related to Enviva Pellets Sampson, LLC Drop-Down

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

0

0

0

Proceeds from contributions from the First Hancock JV prior to Enviva Port of Wilmington, LLC Drop-Down

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Net cash (used in) provided by financing activities

2,197

130,216

109,873

76,678

92,502

-56,115

-70,196

-42,023

-65,305

-58,436

-6,179

26,337

43,372

53,658

11,451

-15,013

30,878

39,173

0

0

0

Net (decrease) increase in cash, cash equivalents and restricted cash

-101,434

6,593

1,494

-8,785

101,688

1,936

-8,590

12,709

-7,794

58

-11,943

-18,725

9,215

-1,662

-60,028

-60,581

-16,472

1,540

0

0

0

Non-cash investing and financing activities:
Property, plant and equipment acquired included in liabilities

0

-

-

0

0

-

-

-1,838

-9,677

2,653

992

4,811

9,184

14,255

41,696

44,434

41,857

23,222

0

0

0

Property, plant and equipment acquired under finance leases

-

-

-

-

-

-

-

1,792

1,506

1,956

0

0

0

-

-

-

-

-

-

-

-

Property, plant and equipment transferred from inventories

-

-

-

-

-

-

-

-

-32

226

0

0

0

-

-

-

0

-

-

-

-

Property, plant and equipment capitalized interest

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Contribution of Enviva Pellets Cottondale, LLC non-cash assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

122,529

0

0

0

Distributions included in liabilities

-

-

-

-

-

-

-

753

1,584

741

1,443

1,628

1,381

955

0

0

0

-

-

-

-

Withholding tax payable associated with Long-Term Incentive Plan vesting

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Common unit issuance costs in accrued liabilities

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Distribution due to sponsor

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Depreciation capitalized to inventories

-

-

-

-

-

-

-

587

524

-427

329

260

232

344

214

109

285

211

0

0

0

Prepaid adjustment for insurance payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Non-cash capital contributions from sponsor

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

339

0

0

0

Non-cash capital contributions from Hancock JV prior to Enviva Pellets Sampson, LLC Drop-Down

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Capitalized insurance included in related-party payables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Capitalized labor included in related-party payables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Supplemental cash flow information:
Interest paid, net of capitalized interest

39,984

41,190

36,397

36,946

36,356

35,222

34,799

33,964

31,454

31,513

18,088

20,138

9,148

11,191

11,171

12,724

11,431

9,935

0

0

0