HOLLY ENERGY PARTNERS LP HEP Cash Flow

Holly energy partners lp (HEP)

CashFlow / Quarterly

Mar'20	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	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Payments to Acquire Machinery and Equipment
-	-	-	-	-	-	-	-	-	-	-	-	103	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from operating activities
Net income
26,912	47,959	84,184	47,159	53,794	49,719	46,534	41,499	48,635	88,114	43,062	42,856	27,879	42,919	28,404	39,515	46,752	41,735	36,347	31,917	35,627	28,647	31,189	24,450	27,780	20,438	23,057	21,297	21,289	28,849	23,772	19,128	19,356	25,473	12,934	19,013	15,169
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
23,978	24,513	24,121	24,247	23,824	24,375	24,367	24,608	25,142	21,549	19,007	19,945	18,777	19,245	18,920	15,712	16,551	16,885	16,444	15,179	14,798	15,576	15,483	15,882	15,588	16,693	19,449	15,127	14,154	14,660	14,351	14,150	14,300	12,331	9,274	7,713	7,640
(Gain) loss on sale of assets
417	210	67	-57	9	0	13	161	22	50	136	75	58	29	126	-5	0	24	142	50	159	0	0	0	0	-53	-159	4,044	-2,022	0	0	0	0	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-25,915	-	-	-	0	-	-	-	-	0	0	0	-12,225	0	0	0	0	-	-	-	-	0	0	0	-7,677	0	0	0	0	-	-	-	-	-	-	-	-
Amortization of deferred charges
799	774	772	769	766	763	762	759	757	746	813	734	770	953	918	783	593	503	495	494	436	436	437	436	511	530	530	531	1,379	1,804	1,803	1,858	2,091	-	-	-	-
Equity-based compensation expense
506	758	528	840	406	944	709	713	837	612	799	676	433	1,654	672	542	651	1,157	1,261	866	896	1,046	835	838	820	933	762	757	1,123	625	604	686	943	412	554	410	670
Equity in earnings of equity method investments, net of distributions
-1,164	-476	-263	638	-112	-149	-228	-15	243	937	-81	321	273	-3,402	956	49	365	-294	416	0	0	0	105	-65	-40	75	84	-129	-30	-	-	-	-	-	-	-	-
(Increase) decrease in operating assets:
Accounts receivable – trade
-3,093	-10,249	1,108	489	2,253	2,973	-3,200	-1,033	1,731	478	-801	-90	375	1,800	1,043	-1,907	-657	726	-3,420	-551	5,065	976	-746	1,144	302	126	385	-1,523	-1,053	600	-46	1,546	1,897	-1,050	1,505	-502	-442
Accounts receivable – affiliates
-11,310	13,946	-10,312	10,044	-10,748	-323	10,444	-4,966	-9,870	8,748	6,224	-13,766	7,733	13,051	-13,154	9,546	637	6,381	-2,736	740	-5,804	3,181	2,359	-1,208	-615	-1,016	-881	517	-539	-1,105	4,571	-4,550	1,219	12,282	3,558	-4,217	1,409
Prepaid and other current assets
-126	2,066	-1,268	-182	-244	1,598	-433	138	697	-237	-827	-48	282	-784	-398	-544	128	-772	-165	350	-39	-35	673	246	-374	-465	25	840	-145	-694	-139	1,051	-328	1,621	607	492	-229
Increase (decrease) in operating liabilities:
Accounts payable – trade
10,344	-3,201	-2,202	-2,619	2,199	-880	-219	614	814	5,368	-3,289	-1,226	1,122	6,122	-5,120	445	-1,082	4,939	-1,333	-3,358	1,748	1,861	-672	-1,288	2,568	2,544	1,339	1,290	-1,808	-1,906	-862	-486	-5,749	568	5,749	-2,067	-356
Accounts payable – affiliates
-2,921	9,990	-986	-13,491	7,002	7,808	-4,857	530	3,016	-1,833	2,262	815	-9,943	-1,605	4,043	3,006	-5,460	-4,871	-4,098	-7,991	10,564	946	304	-601	-3,894	4,322	-200	-554	253	-978	431	-1,250	-14	2,633	204	-1,143	443
Accrued interest
8,511	-7,322	7,445	-7,643	7,616	-7,572	7,459	-7,110	7,177	-7,730	5,024	-6,032	13,551	-11,758	532	4,689	-4,780	4,901	-4,932	4,979	-4,811	4,793	-4,865	4,911	-8,463	7,959	-8,034	7,948	-7,860	7,719	-7,149	7,848	-6,473	6,740	-5,981	5,980	-5,976
Deferred revenue
-184	-262	74	572	-233	-7,080	1,518	3,013	687	-1,829	1,443	1,102	551	-13,346	5,340	5,536	-4,588	2,163	3,492	6,955	-3,355	1,122	2,736	7,172	-4,857	3,388	6,080	4,101	1,686	1,524	10,238	163	-592	1,790	1,201	-4,014	-1,104
Accrued property taxes
1,908	-9,507	3,829	-99	3,757	127	1,858	-596	1,484	89	3,091	-1,010	9	-4,832	1,790	1,066	343	-2,713	2,142	1,590	42	-3,767	1,955	1,187	725	-2,606	1,560	928	33	-2,353	3,131	109	-395	-604	489	573	-252
Other current liabilities
760	-180	400	-130	130	4,036	68	-2,398	375	-1,992	343	-114	-328	1,573	-41	-136	-843	-134	-123	-299	57	1,352	-686	849	304	-564	366	-378	531	-598	-4,000	3,940	771	639	182	-123	-183
Other, net
-339	-225	-573	643	3,090	1,704	218	-134	85	-352	414	230	106	-669	213	86	295	201	117	281	-4,171	-713	140	307	430	-422	-31	19	-354	140	59	2,392	-2,734	6,775	-1,993	-215	-274
Net cash provided by operating activities
77,947	68,844	83,228	73,834	71,155	77,801	56,449	80,443	80,520	61,028	63,858	69,966	43,635	65,574	66,672	63,933	47,369	65,847	55,341	49,462	60,792	48,603	44,290	53,347	39,016	55,467	45,570	51,194	30,849	53,261	38,122	45,663	24,103	31,518	21,100	31,067	15,222
Cash flows from investing activities
Additions to properties and equipment
18,942	6,284	6,076	7,034	10,718	13,030	9,531	12,127	12,612	14,135	10,151	12,259	8,265	11,480	15,557	14,794	17,873	-16,419	13,469	18,116	24,227	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Interest in Joint Venture
2,345	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Businesses, Gross
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	27,500	118,727	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of Woods Cross refinery processing units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,173	18,407	24,311	-	27,500	0	0	-	19,739	17,970	20,604	23,074	16,315	10,579	6,645	6,213	10,274	9,363	17,011	56,424	126,985	11,425	11,475
Proceeds from sale of assets
417	267	71	185	9	0	14	174	22	55	159	211	424	217	192	6	12	35	279	747	218	0	0	0	0	250	0	0	2,481	0	0	0	0	-	-	-	-
Distributions in Excess of Equity in Earnings of Equity Investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-248	44	81	-46	-171	-283	365
Distributions in excess of equity in earnings of equity investments
0	-	394	-96	395	-	1,069	-59	358	-	-430	-1,362	3,016	-	189	1,397	99	-	-40	182	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used for investing activities
-20,870	-23,390	-5,611	-6,945	-10,314	-12,810	-8,458	-18,843	-12,232	-257,616	-10,422	-13,410	-4,825	-5,909	-20,750	-74,298	-42,073	-110,129	-67,871	-17,187	-51,493	-140,273	-19,681	-17,905	-20,564	-22,599	-16,399	-10,450	-4,134	-5,951	-10,274	-9,363	-17,011	-	-	-	-
Cash flows from financing activities
Borrowings under credit agreement
112,000	96,000	94,500	71,000	104,000	81,000	-49,500	78,500	227,000	341,000	149,000	99,000	380,000	243,500	71,500	-283,000	522,000	530,900	188,900	100,600	153,500	103,700	61,500	55,800	421,300	54,100	102,000	97,500	57,000	64,000	424,000	63,000	36,000	25,000	29,000	34,000	30,000
Repayments of credit agreement borrowings
67,000	66,000	100,500	71,500	85,000	79,000	-70,500	74,000	343,500	79,000	242,000	103,000	86,000	70,500	477,500	-304,000	469,000	472,900	138,900	90,600	130,500	87,700	49,500	50,500	246,600	56,100	92,000	110,500	110,000	74,000	163,000	48,000	81,000	27,000	13,000	30,000	7,000
Early Repayment of Senior Debt
522,500	-	-	-	0	-	-	-	-	0	0	0	309,750	0	0	0	0	-	-	-	-	0	0	0	156,188	0	0	0	0	2,335	0	25,189	232,711	-	0	0	0
Proceeds from Issuance of Senior Long-term Debt
500,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	294,750	0	0	0	0
Repayment of notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Contributions from UNEV joint venture partners
7,304	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,748	38	14,962	-	-	-	-
Proceeds from Partnership Contribution
-	-	-	-	-	-	-	-	-	-	-	-	-	-52,450	9,320	20,364	25,343	-	102	250	472	-	-	-	0	0	0	0	1,499	-	-	-	-	-	-	-	-
Proceeds from Issuance of common units
-	-	-	-	-	-116	56	302	114,529	-175	-349	15,071	37,563	103,079	9,101	13,690	0	-	-	-	-	-	-	-	-	0	0	0	73,444	0	0	0	0	-	-	-	-
Distributions to HEP unitholders
68,519	68,524	68,494	68,232	67,975	67,679	67,225	66,579	63,496	63,015	59,365	57,390	54,805	53,239	47,689	46,149	44,960	43,821	42,628	41,749	40,865	39,990	39,103	38,235	37,342	36,470	35,597	34,710	32,709	31,714	31,086	30,261	29,716	23,543	23,101	22,657	22,205
Distributions to noncontrolling interests
3,000	1,250	2,500	2,250	3,000	2,000	2,000	1,500	2,000	1,500	1,500	1,500	2,000	2,000	1,250	1,250	1,250	1,750	0	1,625	1,250	775	1,250	1,250	750	500	625	2,000	0	-	-	-	-	-	-	-	-
Payments on finance leases
1,096	-	277	251	252	-	225	427	277	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distribution to HFC for El Dorado tanks
-	-	-	-	-	-	-	-	-	-	0	0	103	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Productive Assets
-	-	-	-	-	-	-	-	-	-	-	-	-	278,000	0	0	39,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Contributions from Parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	104,100	5,488	6,325	12,563	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions from general partner
354	-	182	0	0	-	122	195	297	-	77	995	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Contribution from Joint Venture Partner
7,304	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of Debt Issuance Costs
8,478	-	-	-	0	-	-	-	6	-	-	-	0	65	846	120	2,964	962	0	0	0	-	-	-	-	-	-	0	0	16	60	2,039	1,123	0	1	105	3,044
Purchase of units for incentive grants
-	-	-	-	-	-	-	-	-	-	-	-	-	2,737	0	0	784	3,308	0	0	247	2,513	658	70	336	1,934	446	535	2,719	0	386	3,250	1,283	0	262	980	399
Units withheld for tax withholding obligations
147	304	0	0	119	510	0	0	58	570	0	0	35	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	6	12	-283	277	-1,454	459	400	330	-796	-582	-197	-160	-300	0	-854	0	9	3	0	-9	0	1	24	-274	-1	-365	469	-192	-221	0	0	0
Net cash used by financing activities
-51,082	-39,636	-77,089	-71,488	-52,346	-68,321	-48,272	-63,509	-67,499	196,888	-62,299	-47,224	-35,460	-63,216	-43,596	6,213	-11,275	48,439	12,962	-27,653	-6,327	92,833	-29,008	-34,255	-19,925	-37,736	-26,667	-50,221	-13,759	-44,066	-30,071	-45,232	-313	11,838	116,136	-19,742	-2,648
Cash and cash equivalents
Increase (decrease) for the period
5,995	-	-	-	8,495	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and Cash Equivalents, Period Increase (Decrease)
-	-	-	-	-	-3,330	-281	-1,909	789	300	-8,863	9,332	3,350	-3,551	2,326	-4,152	-5,979	4,157	432	4,622	2,972	1,163	-4,399	1,187	-1,473	-4,868	2,504	-9,477	12,956	3,244	-2,223	-8,932	6,779	-12,933	10,251	-100	1,099