Global partners lp (GLP)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities
Net income

31,459

35,178

88,228

58,871

50,522

102,403

68,394

97,318

93,287

57,117

-26,706

-197,749

-208,283

-238,623

-175,866

-11,137

5,020

43,264

74,651

110,127

90,235

116,980

121,527

103,041

120,523

41,053

30,759

12,516

25,827

46,743

34,057

29,022

9,659

19,352

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

105,762

108,192

108,972

109,324

108,561

106,838

105,639

104,563

105,770

105,652

104,891

106,906

109,637

111,942

116,276

118,560

116,048

115,851

109,660

100,429

95,130

86,364

84,353

83,576

80,751

77,134

68,329

58,794

52,331

45,458

40,297

36,650

32,070

30,359

0

0

0

Amortization of deferred financing fees

4,956

5,038

5,120

5,240

5,372

5,372

5,378

5,375

5,452

5,644

5,847

6,026

6,125

6,019

5,953

5,920

5,869

5,899

5,853

5,987

5,803

5,627

6,022

6,146

6,609

6,897

6,709

6,361

6,010

5,753

5,379

5,229

4,940

4,723

0

0

0

Amortization of leasehold interests, ASC 842

-

-

-

-

-

327

323

284

430

631

875

1,154

1,249

1,252

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of senior notes discount

-

902

1,282

1,530

1,515

1,501

1,487

1,473

1,459

1,445

1,433

1,419

1,406

1,393

1,379

1,368

1,253

1,089

873

760

633

559

540

420

420

368

0

0

0

-

-

-

-

-

-

-

-

Bad debt expense

574

560

680

477

485

588

14

-194

-229

211

803

1,036

933

231

525

934

1,187

1,172

1,401

1,632

1,485

1,700

2,111

2,109

2,442

4,145

3,629

3,081

2,732

869

360

360

360

1,860

0

0

0

Unit-based compensation expense

1,459

1,966

891

2,043

2,296

2,738

4,853

4,415

4,109

2,755

2,466

2,620

2,953

4,145

4,167

4,286

4,338

4,208

4,035

3,856

3,579

3,485

3,436

3,403

2,553

1,806

981

156

182

6

8

38

216

361

0

0

0

Write-off of financing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

1,828

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on trustee taxes

-

-

-

-

-

-52,627

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (gain) loss on sale and disposition of assets

2,540

2,730

212

-405

-4,566

-5,880

-11,507

-12,757

-12,105

1,624

762

-4,534

-2,528

-20,495

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on asset sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities, excluding net assets acquired:
Accounts receivable

-213,125

78,978

-71,105

-48,843

-13,496

-81,898

76,612

162,125

105,114

-3,886

50,734

-96,200

4,888

110,237

-95,286

-16,907

-105,475

-154,716

-160,439

-177,593

-237,250

-226,962

-94,571

-36,772

-195,715

-8,524

-53,279

135,412

300,316

57,160

223,666

15,716

44,484

70,464

0

0

0

Accounts receivable - affiliate

5,253

2,388

2,122

674

1,182

1,662

-337

211

734

630

3,312

-16

-525

565

-2,890

-1,413

-363

-1,325

1,814

3,336

2,207

2,499

1,915

539

283

97

219

612

548

-469

1

-519

-289

546

0

0

0

Inventories

-249,767

64,790

-87,035

81,794

66,069

29,778

191,832

-34,412

-43,501

-173,167

-156,347

-69,916

34,589

135,888

56,847

14,902

30,954

32,648

-91,322

-80,920

-108,051

-235,993

58,297

150,458

32,115

-61,992

-196,445

-164,154

-243,628

-40,898

-16,513

-143,044

42,118

77,313

0

0

0

Broker margin deposits

1,192

19,700

9,490

13,083

5,652

5,085

2,772

-2,542

-4,595

-17,972

-6,227

-29,950

-19,969

-3,674

-6,981

20,373

5,118

14,129

14,870

-1,185

18,544

-4,594

-29,902

-1,779

-13,236

-32,934

10,422

-7,640

-8,546

10,791

-8,090

-6,463

22,408

28,434

0

0

0

Prepaid expenses, all other current assets and other assets

14,166

-14,413

8,517

2,842

9,176

15,912

1,049

-18,577

3,627

13,674

10,187

32,597

3,078

-2,987

11,855

-6,500

7,583

-12,526

6,411

27,395

27,447

49,020

31,817

22,265

11,344

-11,226

-9,876

-2,303

-4,152

8,449

1,149

-9,237

24,368

29,520

0

0

0

Accounts payable

-197,500

64,407

-26,162

26,359

71,400

-4,433

94,806

61,033

39,673

-6,850

10,483

-90,143

-22,745

17,410

-80,542

-43,429

-49,654

-172,318

-252,517

-203,080

-313,070

-324,500

-69,344

-89,779

-348,512

18,667

-92,120

193,424

481,163

146,947

304,784

48,568

89,459

132,307

0

0

0

Trustee taxes payable

-3,376

319

-2,097

-3,493

1,498

-15,081

-7,496

-6,004

-8,368

9,155

13,974

5,966

10,950

5,902

3,234

2,677

-1,808

-15,648

-6,652

-6,639

3,728

25,528

6,242

19,369

1,922

-11,278

-3,086

-9,125

-14,612

5,002

3,224

5,367

10,880

6,695

0

0

0

Change in derivatives

73,383

-30,030

7,953

-1,553

-2,197

31,764

-905

-3,977

-409

-2,346

-4,338

-1,992

-18,248

-40,218

-24,721

4,415

8,276

8,869

10,540

-21,817

18,640

17,509

16,137

30,927

-23,701

-5,778

-31,077

-15,062

551

9,845

22,182

6,874

15,904

10,958

0

0

0

Accrued expenses, all other current liabilities and other long-term liabilities

-6,167

-13,330

452

-5,004

2,321

14,488

4,379

21,864

11,639

15,806

29,812

13,170

19,065

16,741

-18,405

-14,088

-20,331

-33,199

43

2,435

8,284

26,841

7,763

-18,322

-29,829

-3,065

802

24,777

47,021

25,177

13,817

-3,883

2,033

3,999

0

0

0

Net cash provided by operating activities

319,356

94,402

324,283

151,590

185,533

168,856

-59,901

122,289

127,163

348,442

228,395

150,024

51,195

-119,886

82,058

59,755

122,905

62,506

145,509

238,036

177,841

344,902

195,036

-22,931

25,515

255,147

296,864

343,864

556,993

232,452

179,122

258,227

846

-17,357

0

0

0

Cash flows from investing activities
Acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

561,170

0

0

0

-

-

-

-

185,262

192,112

192,101

189,524

188,748

0

0

0

-

-

-

-

Capital expenditures

84,325

82,864

78,207

71,980

69,846

69,174

61,681

57,726

51,045

49,866

48,187

51,741

63,206

71,279

91,144

98,608

95,331

92,925

78,042

84,017

96,084

95,114

93,788

81,323

67,949

67,132

60,900

55,211

51,946

44,872

39,393

31,257

18,962

15,957

0

0

0

Seller note issuances

1,309

1,410

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property and equipment

14,021

17,060

15,475

21,223

21,839

18,411

17,913

11,790

9,338

32,787

48,613

94,282

93,387

77,726

60,700

14,762

11,875

4,331

3,164

1,867

3,319

4,021

6,823

10,179

10,533

9,187

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-71,613

-67,214

-63,443

-226,354

-223,604

-225,720

-263,219

-90,501

-86,272

-61,644

426

42,541

30,181

6,447

-30,444

-83,259

-239,148

-649,764

-636,048

-643,907

-498,243

-91,093

-86,965

-71,155

-57,397

-243,207

-246,721

-237,771

-233,938

-226,488

-213,048

-211,518

-200,879

-13,369

0

0

0

Cash flows from financing activities
Net borrowings from (payments on) working capital revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

52,900

-38,800

-31,400

-227,000

-98,300

95,500

105,300

-97,500

-505,600

-569,400

-579,400

-164,400

0

0

0

-

-

-

-

Net borrowings from (payments on) revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

12,700

356,500

348,900

141,000

217,000

-176,800

-179,200

-47,600

-95,000

0

0

0

Proceeds from issuance of term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

115,000

0

0

0

-

-

-

-

-

-

-

-

Net (payments on) borrowings from credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from senior notes, net of discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

147,900

0

0

0

-

-

-

-

-

-

-

-

Repurchase of common units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,892

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

LTIP units withheld for tax obligations

674

657

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common units, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

69,626

0

0

0

Repurchased Units Withheld for Tax Obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

96

96

96

96

675

0

0

0

Noncontrolling interest capital contribution

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,037

2,560

2,360

5,880

7,680

8,200

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Distribution to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

1,798

2,798

3,478

3,995

5,280

5,080

8,600

8,680

9,200

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to partners

77,534

76,626

75,552

72,871

69,307

66,004

63,538

62,906

62,716

62,660

62,600

62,644

62,528

62,520

73,227

83,530

90,768

97,495

90,294

82,890

78,346

73,759

71,951

70,268

68,821

67,329

64,956

62,720

59,927

54,667

50,725

47,115

44,158

42,800

0

0

0

Net cash (used in) provided by financing activities

-201,992

-23,267

-267,511

77,728

35,016

50,127

324,716

-30,228

-43,324

-281,968

-232,909

-195,237

-84,319

122,351

-37,436

20,911

126,967

583,136

485,759

400,314

313,683

-257,788

-117,594

101,157

32,008

-8,700

-36,148

-100,981

-317,579

-4,315

24,127

-49,671

201,648

32,693

0

0

0

Cash and cash equivalents
Increase (decrease) in cash and cash equivalents

45,751

3,921

-6,671

2,964

-3,055

-6,737

1,596

1,560

-2,433

4,830

-4,088

-2,672

-2,943

8,912

14,178

-2,593

10,724

-4,122

-4,780

-5,557

-6,719

-3,979

-9,523

7,071

126

3,240

13,995

5,112

5,476

1,649

-9,799

-2,962

1,615

1,967

0

0

0

Supplemental information
Cash paid during the period for interest

67,771

67,436

69,410

70,165

69,010

67,163

63,203

71,737

61,591

62,512

51,456

63,708

64,145

64,112

67,257

57,663

58,136

59,764

46,662

34,541

40,827

31,554

0

0

0

-

-

0

0

-

0

0

0

-

0

0

0

Non-cash conversion of subordinated unitholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Revolving Credit Facility [Member]
Net (payments on) borrowings from credit facility

25,700

-27,300

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Working Capital Facility [Member]
Net (payments on) borrowings from credit facility

-160,600

70,600

-154,800

58,100

17,800

26,600

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-