HOLLY ENERGY PARTNERS LP HEP Cash Flow

Holly energy partners lp (HEP)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Payments to Acquire Machinery and Equipment
-	-	-	-	-	-	0	-	-	-	-
Cash flows from operating activities
Net income
233,096	186,387	201,911	157,590	145,626	112,066	86,081	91,105	72,589	56,229	66,014
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
96,705	98,492	79,278	70,428	63,306	62,529	65,423	57,461	36,958	31,363	27,597
(Gain) loss on sale of assets
229	196	319	150	375	0	1,810	0	0	-	-
Gain (Loss) on Extinguishment of Debt
0	0	-12,225	0	0	-7,677	0	-2,979	-	-	-
Sales-type Lease, Selling Profit (Loss)
35,166	0	0	-	-	-	-	-	-	-	-
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain
0	0	36,254	0	0	-	-	-	-	-	-
Amortization of deferred charges
3,081	3,041	3,063	3,247	1,928	1,820	2,970	7,556	1,253	1,008	-
Change in fair value - interest rate swaps
-	-	-	-	-	-	-	-	-	1,464	175
Noncontrolling interest in earnings of Rio Grande Pipeline Company
-	-	-	-	-	-	-	-	-	-	1,579
Equity-based compensation expense
2,532	3,203	2,520	3,519	4,180	3,539	3,575	2,858	2,046	2,214	699
Equity in earnings of equity method investments, net of distributions
-213	-149	1,450	-2,032	122	0	0	-262	-	-	-
(Increase) decrease in operating assets:
Gain on sale of interest in Rio Grande Pipeline Company
-	-	-	-	-	-	-	-	-	-	14,479
Allocation of net loss attributable to Predecessors
-	-	-	-	-	-	-	-	-	-	0
Accounts receivable – trade
-6,399	471	-38	279	1,820	1,676	-2,065	3,997	-489	-1,149	-388
Accounts receivable – affiliates
2,930	-4,715	8,939	10,080	-1,419	3,717	-1,919	135	13,032	4,888	4,679
Prepaid and other current assets
372	2,000	-830	-1,598	-626	510	255	-110	2,491	36	146
Current assets of discontinued operations
-	-	-	-	-	-	-	-	-	2,195	0
Increase (decrease) in operating liabilities:
Accounts payable – trade
-5,823	329	1,975	365	1,996	2,469	3,365	-9,003	3,894	2,684	-1,956
Accounts payable – affiliates
2,515	6,497	-8,699	-16	-6,396	-3,245	3,821	-1,811	2,137	1,487	149
Accrued interest
96	-46	4,813	-11,317	137	-3,624	13	1,945	763	4,654	18
Deferred revenue
151	-1,862	1,267	-7,058	9,255	6,173	15,255	11,333	-2,127	3,664	-7,256
Accrued property taxes
-2,020	2,873	2,179	-1,633	1,061	100	-85	492	206	918	-74
Other current liabilities
220	2,081	-2,091	553	-499	1,819	-45	113	515	5	-248
Other, net
2,935	1,873	398	-75	-3,572	164	-788	-143	4,293	-144	-833
Net cash provided by operating activities
297,061	295,213	238,487	243,548	231,442	185,256	183,080	161,149	98,907	104,736	68,195
Cash flows from investing activities
Additions to properties and equipment
30,112	47,300	44,810	59,704	39,393	79,959	-	-	-	-	-
Payments to Acquire Businesses, Gross
0	5,051	0	44,119	153,728	118,727	0	-	-	-	-
Purchase of Woods Cross refinery processing units
-	-	-	-	-	-	56,613	42,861	206,309	106,525	32,999
Acquisition of logistics assets from Sinclair Oil Company
-	-	-	-	-	-	-	-	-	-	25,665
Payments to Acquire Equity Method Investments
17,886	0	0	42,627	0	0	0	-	-	-	25,500
Purchase of investment in Frontier Pipeline
-	-	-	42,627	55,032	0	-	-	-	-	-
Purchase of controlling interests in SLC Pipeline and Frontier Aspen
0	1,790	245,446	0	0	-	-	-	-	-	-
Proceeds from sale of assets
532	210	849	427	1,279	0	2,731	0	0	-	-
Distributions in Excess of Equity in Earnings of Equity Investments
1,206	1,588	3,134	2,993	194	263	300	-	-135	-482	-419
Acquisition of assets from HFC
-	-	-	-	-	-	-	-	-	35,526	95,080
Proceeds from sale of interest in Rio Grande Pipeline Company, net of transferred cash
-	-	-	-	-	-	-	-	-	-	31,865
Net cash used for investing activities
-46,260	-52,343	-286,273	-143,030	-246,680	-198,423	-53,582	-42,599	-206,174	-142,051	-147,379
Cash flows from financing activities
Borrowings under credit agreement
365,500	337,000	969,000	554,000	973,900	642,300	310,600	587,000	118,000	66,000	239,000
Repayments of credit agreement borrowings
323,000	426,000	510,000	713,000	832,900	434,300	368,600	366,000	77,000	113,000	233,000
Early Repayment of Senior Debt
0	0	309,750	0	0	156,188	0	260,235	-	0	-
Proceeds from Issuance of Senior Long-term Debt
0	0	101,750	394,000	0	0	-	294,750	0	147,540	0
Business Acquisition, Cash Paid at Acquisition and for Contingent Consideration
-	-	-	-	-	-	-	-	-	0	-
Repayment of notes
-	-	-	-	-	-	-	-	77,100	-	0
Contributions from UNEV joint venture partners
-	-	-	-	-	-	-	-	156,500	80,500	-
Proceeds from Partnership Contribution
320	882	1,072	2,577	-	120,111	1,499	1,748	5,887	0	3,812
Contribution from noncontrolling interest
3,210	0	0	-	-	-	-	15,000	-	-	-
Proceeds from Issuance of common units
0	114,771	52,110	125,870	0	0	73,444	0	75,815	0	133,301
Distributions to HEP unitholders
273,225	264,979	234,575	192,037	169,063	154,670	139,486	122,777	91,506	84,426	61,188
Distributions to noncontrolling interests
9,000	7,500	6,500	5,750	4,625	4,025	3,125	0	0	-	1,500
Finance Lease, Principal Payments
2,471	0	0	-	-	-	-	-	-	-	-
Payments to Acquire Productive Assets
-	-	-	317,500	62,000	0	-	260,922	0	-	-
Proceeds from Contributions from Parent
-	-	-	51,262	128,476	120,111	4,512	-	-	-	-
Payments to Acquire Other Investments
-	-	-	0	0	-	-	-	-	-	-
Payments of Debt Issuance Costs
0	6	9,382	3,995	962	9	1,344	3,238	3,150	494	0
Payments for (Proceeds from) Productive Assets
-	-	-	1,245	0	0	-	-	-	-	-
Purchase Price in Excess of Transferred Basis in Assets Acquired
-	-	-	-	-	-	-	-	-	57,560	3,120
Purchase of units for incentive grants
1,470	1,201	1,480	3,521	3,555	3,577	5,634	4,919	1,641	2,704	616
Units withheld for tax withholding obligations
423	568	605	800	696	-	-	-	-	-	-
Other
0	12	-265	-1,735	-1,154	3	-249	-89	-221	0	-266
Net cash used by financing activities
-240,559	-247,601	51,905	-111,874	27,421	9,645	-128,383	-119,682	105,584	35,856	76,423
Cash and cash equivalents
Cash and Cash Equivalents, Period Increase (Decrease)
10,242	-4,731	4,119	-11,356	12,183	-3,522	1,115	-1,132	-1,683	-1,459	-2,761
Woods Cross [Member]
Proceeds from Contributions from Parent
-	-	-	51,262	-	-	-	-	-	-	-