Hi-Crush Inc. HCR Cash Flow

Hi-crush inc. (HCR)

CashFlow / Quarterly

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
Operating activities:
Net income (loss)
-21,371	-268,497	-117,484	-6,207	-9,930	27,138	66,956	53,431	36,806	29,807	16,380	-6,831	-16,632	-11,734	-12,159	-52,500	-	-	-	-	-	-	-	-	-	-	-	10,783	8,331	9,109
Net income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-18,662	9,979	23,854	48,295	37,321	29,805	18,520	-	-	-	-	-	-
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, depletion and amortization
13,271	19,063	14,237	11,500	11,219	12,429	10,598	7,903	10,319	8,806	7,599	4,829	4,927	4,932	4,266	3,491	5,653	4,319	4,035	1,677	3,651	2,677	2,428	1,476	1,873	2,189	1,797	273	-	395
Gain on disposal of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
-	-	1,522	1,448	-	-	420	421	-	421	421	420	421	420	421	420	421	733	733	733	801	781	1,068	2,536	1,662	1,662	363	0	0	0
Stock-based compensation to directors and employees
445	699	1,904	1,578	1,931	1,897	1,810	1,801	1,808	1,509	1,219	1,178	-395	1,155	930	930	-2	1,048	1,053	884	548	569	270	83	0	0	0	100	0	0
Amortization of loan origination costs into interest expense
407	408	407	409	402	325	243	194	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on impairment of goodwill
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-
Amortization of loan origination costs into interest expense
-	-	-	-	-	-	-	-	-	373	372	373	2,184	373	727	394	1,051	416	414	412	411	409	306	138	138	135	115	75	75	30
Asset Retirement Obligation, Accretion Expense
128	107	130	129	125	124	123	126	115	115	114	114	111	109	107	103	143	84	84	83	81	61	66	57	56	57	86	29	99	3
Management fees paid by sponsor on behalf of the Partnership
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,418	0	0	492	-	-	-	-	-	-
Accrued interest converted to debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Loss on impairments of goodwill
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	33,745	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	8,236	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Property Plant Equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-191	0	0
(Gain) loss on disposal of property, plant and equipment
-	-	234	-123	-	-	-187	24	-	-100	8	0	210	107	15	25	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of right-of-use assets
-4,860	532	2,579	2,642	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments
1,733	1,880	1,284	1,116	1,250	1,624	1,144	1,166	217	128	296	-566	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable
-23,579	-24,355	15,317	-3,566	-20,921	-26,485	10,673	-4,504	31,607	19,014	28,823	7,208	19,962	9,097	-9,696	230	-12,027	364	-9,971	-19,006	23,168	12,018	2,391	7,098	9,812	-5,240	1,720	3,909	-3,755	364
Inventories
-3,606	3,003	1,933	-11,534	-15,058	12,404	8,377	-7,279	-3,946	9,297	11,044	-1,866	-10,111	6,398	4,501	-7,869	1,389	2,723	5,957	-3,115	4,992	3,435	6,612	-9,897	-348	5,157	1,041	-1,816	2,521	226
Prepaid expenses and other current assets
-3,557	2,464	-2,448	1,273	1,228	4,471	-892	1,863	560	-148	-38	168	-3,280	-925	1,434	632	618	17	-2,744	548	3,960	1,030	-422	199	253	382	-319	-66	196	290
Other assets
-	-	-1,076	1,025	-	-	2,508	-537	-	-213	-990	-332	-60	-13	-581	-683	183	2,291	505	-17	547	2,348	204	-125	996	1,238	0	0	0	0
Accounts payable
-	-	11,819	-15,944	-	-	10,256	-1,035	-	4,988	10,422	4,758	853	304	4,661	-4,630	217	4,621	-3,907	-3,514	7,826	-3,061	3,288	-52	-3,179	-447	86	-661	-627	-148
Accrued and other current liabilities
-	-	8,352	-16,869	-	-	1,589	-382	-	6,792	6,687	4,553	-1,203	3,090	-3,141	481	-1,785	-3,437	324	-1,428	-1,064	3,940	2,547	644	794	1,377	1,294	874	416	168
Deferred revenues
-	-	-2,504	4,637	-	-	-143	-1,076	-	8,416	11,043	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-1,715	-2,890	-1,986
Operating lease liabilities
-	-	0	-3,739	-	-	-141	-15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due to sponsor
-	-	-	-	-	-	-	-	-	5,279	5,725	-1,076	-	1,248	271	-2,574	4,572	1,541	2,427	-7,984	-3,791	293	20	-3,953	1,373	197	8,238	544	0	0
Net cash provided by operating activities
17,780	3,123	17,582	-8,607	41,971	54,609	70,088	70,635	20,902	38,528	20,839	3,706	-13,336	-14,767	410	-4,239	34,391	8,655	21,395	36,307	25,509	24,159	31,013	22,666	12,044	18,341	25,472	8,466	7,807	6,691
Investing activities:
Capital expenditures for property, plant and equipment
5,366	8,395	17,646	40,289	72,236	31,330	25,722	12,258	14,130	40,186	47,550	20,380	7,308	7,477	17,488	13,441	33,568	27,420	44,457	21,772	149,484	12,260	6,584	3,477	1,744	2,414	4,627	1,845	8,118	100
Proceeds from sale of property, plant and equipment
95	49	1,195	425	-90	270	17	2,867	0	0	8	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of Hi-Crush Augusta LLC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-37,500	37,500	0	0
Payments to Acquire Businesses, Net of Cash Acquired
0	0	1,110	3,119	28	34,932	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Cash paid for business acquisition, net of cash acquired
-	-	-	-	-	-	-	-	-	0	0	140,000	-	75,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset acquisition
-	-	-	-	-	-	-	-	0	606	157	200,067	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Equity Method Investments
0	0	0	495	6,600	0	8,095	0	3,000	0	0	4,168	5,821	4,411	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net cash used in investing activities
-5,271	-8,346	-17,561	-43,478	-78,954	-65,992	-33,800	-9,391	127,986	-40,792	-47,699	-364,615	65,664	-86,888	-17,488	-13,441	-33,568	-26,729	-44,457	-21,772	-149,484	-12,260	-230,834	-3,477	-1,422	-2,414	-62,404	-39,345	-8,118	-100
Financing activities:
Proceeds from equity issuances, net
-	-	-	-	-	-	-	-	0	0	-90	412,667	22	87,829	101,186	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	15,000	25,000	25,000	0	0	198,000	0	0	0	100,000	38,250	0	0
Repayment of long-term debt
1,330	1,573	691	694	790	199,663	1,468	1,457	255,777	1,532	1,020	1,462	79,550	1,417	53,676	1,758	928	500	500	13,000	500	500	125,250	13,500	0	0	33,250	0	0	0
Repayment of premium financing notes
1,079	1,674	425	1,044	1,137	1,516	326	857	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refund (payment) of loan origination costs
0	0	-21	167	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refund (payment) of loan origination costs
-	-	-	-	642	11,310	6	109	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of Loan Costs
-	-	-	-	-	-	-	-	-	0	0	0	10	0	125	3	305	0	88	13	24	288	6,808	0	24	14	789	2	143	0
Affiliate financing, net
-	-	-	-	-	-	-	-	-	0	0	456	-	188	3,391	12,437	-	-	-	-	-	-	-	-	0	0	11,230	-5,615	-5,487	9,737
Payment of contingent consideration
-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions (withdrawals) from unit purchase program participants
-	-	-	-	-	-	-	-	0	213	0	225	111	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
249	0	3,151	0	0	0	0	9,426	20,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of accrued distribution equivalent rights
315	291	45	209	12	266	5	127	0	1	38	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid to members of Hi-Crush Proppants LLC
0	0	0	0	3,955	10,061	662	24,838	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid to limited partner unitholders
0	0	0	0	22,694	67,254	19,888	17,809	13,656	0	0	0	-	-	-	-	0	17,556	26,261	26,255	23,843	21,460	17,392	14,726	14,144	13,711	17,598	12,961	6,479	0
Contributions received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	4,606
Net cash provided by (used in) financing activities
-3,311	727	-7,570	-1,780	-29,765	163,898	-22,143	-54,623	-165,392	-1,320	-1,148	411,886	-78,884	86,600	50,776	10,676	6,211	16,560	25,006	-14,268	108,861	-22,402	219,378	-28,226	-14,168	-13,725	48,363	30,902	7,365	-5,131
Effects of exchange rate on cash
-	-	-2	13	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash
-	-	-7,551	-53,852	-	-	14,145	6,621	-	-3,584	-28,008	50,977	-26,556	-15,055	33,698	-7,004	7,034	-1,514	1,944	267	-15,114	-10,503	19,557	-9,037	-3,546	2,202	11,431	23	7,054	1,460
Non-cash investing and financing activities:
Increase (decrease) in accounts payable and accrued liabilities for additions to property, plant and equipment
206	-1,762	-528	-22,186	13,523	4,252	11,375	-2,817	-2,395	-11,575	2,381	13,842	1,161	902	-10,641	453	17,585	-18,573	5,440	-3,311	-2,564	5,836	-946	677	-	-	-	-	-	-
Issuance of common units for acquisition of D&I Silica, LLC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Increase (decrease) in accounts payable for loan origination costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-70	14
Non-cash component of capital contribution by sponsor to the Partnership
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	81,170
Change in original fair value of contingent consideration
0	0	0	276	-299	8,446	0	0	-14,000	0	0	14,000	-5,000	5,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common units for acquisitions
-	-	-	-	-	-	-	-	0	0	0	62,242	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common units under unit purchase programs
-	-	-	-	-	-	-	-	0	0	0	1,576	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in accrued distribution equivalent rights
90	-187	16	-116	265	1,034	290	271	151	-5	-7	-94	-88	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for:
Increase (decrease) in accounts payable and accrued liabilities for additions to property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,138	-45
Increase (decrease) in accounts payable and accrued and other current liabilities for additions to property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,824	-3,124	-312	-	-
Due to sponsor balance converted into non-controlling interest
-	-	-	-	-	-	-	-	-	0	0	116,417	-	120,950	0	0	-	-	-	-	-	-	-	-	28,629	0	0	9,543	0	0
Expense paid by sponsor on behalf of the Partnership
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,652	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest, net of capitalized interest
532	21,961	634	21,292	-8,221	7,688	3,479	3,278	3,901	2,427	2,068	2,554	8,037	2,548	3,344	3,246	3,336	3,023	2,569	2,905	2,863	2,702	2,010	1,272	1,269	1,178	421	255	120	0