Holly energy partners lp (HEP)
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
Payments to Acquire Machinery and Equipment

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from operating activities
Net income

206,214

233,096

234,856

197,206

191,546

186,387

224,782

221,310

222,667

201,911

156,716

142,058

138,717

157,590

156,406

164,349

156,751

145,626

132,538

127,380

119,913

112,066

103,857

95,725

92,572

86,081

94,492

95,207

93,038

91,105

87,729

76,891

76,776

72,589

0

0

0

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

96,859

96,705

96,567

96,813

97,174

98,492

95,666

90,306

85,643

79,278

76,974

76,887

72,654

70,428

68,068

65,592

65,059

63,306

61,997

61,036

61,739

62,529

63,646

67,612

66,857

65,423

63,390

58,292

57,315

57,461

55,132

50,055

43,618

36,958

0

0

0

(Gain) loss on sale of assets

637

229

19

-35

183

196

246

369

283

319

298

288

208

150

145

161

216

375

351

209

159

0

-53

-212

3,832

1,810

1,863

2,022

-2,022

0

0

0

0

-

-

-

-

Gain (Loss) on Extinguishment of Debt

0

-

-

-

0

-

-

-

-

-12,225

-12,225

-12,225

-12,225

0

0

0

0

-

-

-

-

-7,677

-7,677

-7,677

-7,677

0

0

0

0

-

-

-

-

-

-

-

-

Amortization of deferred charges

3,114

3,081

3,070

3,060

3,050

3,041

3,024

3,075

3,050

3,063

3,270

3,375

3,424

3,247

2,797

2,374

2,085

1,928

1,861

1,803

1,745

1,820

1,914

2,007

2,102

2,970

4,244

5,517

6,844

7,556

0

0

0

-

-

-

-

Equity-based compensation expense

2,632

2,532

2,718

2,899

2,772

3,203

2,871

2,961

2,924

2,520

3,562

3,435

3,301

3,519

3,022

3,611

3,935

4,180

4,069

3,643

3,615

3,539

3,426

3,353

3,272

3,575

3,267

3,109

3,038

2,858

2,645

2,595

2,319

2,046

0

0

0

Equity in earnings of equity method investments, net of distributions

-1,265

-213

114

149

-504

-149

937

1,084

1,420

1,450

-2,889

-1,852

-2,124

-2,032

1,076

536

487

122

416

105

40

0

75

54

-10

0

0

0

0

-

-

-

-

-

-

-

-

(Increase) decrease in operating assets:
Accounts receivable – trade

-11,745

-6,399

6,823

2,515

993

471

-2,024

375

1,318

-38

1,284

3,128

1,311

279

-795

-5,258

-3,902

1,820

2,070

4,744

6,439

1,676

826

1,957

-710

-2,065

-1,591

-2,022

1,047

3,997

2,347

3,898

1,850

-489

0

0

0

Accounts receivable – affiliates

2,368

2,930

-11,339

9,417

-5,593

-4,715

4,356

136

-8,664

8,939

13,242

-6,136

17,176

10,080

3,410

13,828

5,022

-1,419

-4,619

476

-1,472

3,717

-480

-3,720

-1,995

-1,919

-2,008

3,444

-1,623

135

13,522

12,509

12,842

13,032

0

0

0

Prepaid and other current assets

490

372

-96

739

1,059

2,000

165

-229

-415

-830

-1,377

-948

-1,444

-1,598

-1,586

-1,353

-459

-626

111

949

845

510

80

-568

26

255

26

-138

73

-110

2,205

2,951

2,392

2,491

0

0

0

Increase (decrease) in operating liabilities:
Accounts payable – trade

2,322

-5,823

-3,502

-1,519

1,714

329

6,577

3,507

1,667

1,975

2,729

898

2,569

365

-818

2,969

-834

1,996

-1,082

-421

1,649

2,469

3,152

5,163

7,741

3,365

-1,085

-3,286

-5,062

-9,003

-6,529

82

-1,499

3,894

0

0

0

Accounts payable – affiliates

-7,408

2,515

333

-3,538

10,483

6,497

-3,144

3,975

4,260

-8,699

-8,471

-6,690

-4,499

-16

-3,282

-11,423

-22,420

-6,396

-579

3,823

11,213

-3,245

131

-373

-326

3,821

-1,479

-848

-1,544

-1,811

1,800

1,573

1,680

2,137

0

0

0

Accrued interest

991

96

-154

-140

393

-46

-204

-2,639

-1,561

4,813

785

-3,707

7,014

-11,317

5,342

-122

168

137

29

96

28

-3,624

-458

-3,627

-590

13

-227

658

558

1,945

966

2,134

266

763

0

0

0

Deferred revenue

200

151

-6,667

-5,223

-2,782

-1,862

3,389

3,314

1,403

1,267

-10,250

-6,353

-1,919

-7,058

8,451

6,603

8,022

9,255

8,214

7,458

7,675

6,173

8,439

11,783

8,712

15,255

13,391

17,549

13,611

11,333

11,599

2,562

-1,615

-2,127

0

0

0

Accrued property taxes

-3,869

-2,020

7,614

5,643

5,146

2,873

2,835

4,068

3,654

2,179

-2,742

-4,043

-1,967

-1,633

486

838

1,362

1,061

7

-180

-583

100

1,261

866

607

-85

168

1,739

920

492

2,241

-401

63

206

0

0

0

Other current liabilities

850

220

4,436

4,104

1,836

2,081

-3,947

-3,672

-1,388

-2,091

1,474

1,090

1,068

553

-1,154

-1,236

-1,399

-499

987

424

1,572

1,819

-97

955

-272

-45

-79

-4,445

-127

113

1,350

5,532

1,469

515

0

0

0

Other, net

-494

2,935

4,864

5,655

4,878

1,873

-183

13

377

398

81

-120

-264

-75

795

699

894

-3,572

-4,486

-4,463

-4,437

164

455

284

-4

-788

-226

-136

2,237

-143

6,492

4,440

1,833

4,293

0

0

0

Net cash provided by operating activities

303,853

297,061

306,018

279,239

285,848

295,213

278,440

285,849

275,372

238,487

243,033

245,847

239,814

243,548

243,821

232,490

218,019

231,442

214,198

203,147

207,032

185,256

192,120

193,400

191,247

183,080

180,874

173,426

167,895

161,149

139,406

122,384

107,788

98,907

0

0

0

Cash flows from investing activities
Additions to properties and equipment

38,336

30,112

36,858

40,313

45,406

47,300

48,405

49,025

49,157

44,810

42,155

47,561

50,096

59,704

31,805

29,717

33,039

39,393

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Interest in Joint Venture

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Businesses, Gross

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

146,227

146,227

118,727

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of Woods Cross refinery processing units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

81,387

77,963

70,572

56,613

39,752

33,711

32,495

42,861

93,072

209,783

211,845

206,309

0

0

0

Proceeds from sale of assets

940

532

265

208

197

210

265

410

447

849

1,011

1,044

839

427

245

332

1,073

1,279

1,244

965

218

0

250

250

250

2,731

2,481

2,481

2,481

0

0

0

0

-

-

-

-

Distributions in Excess of Equity in Earnings of Equity Investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-169

-92

-419

-135

0

0

0

Distributions in excess of equity in earnings of equity investments

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used for investing activities

-56,816

-46,260

-35,680

-38,527

-50,425

-52,343

-297,149

-299,113

-293,680

-286,273

-34,566

-44,894

-105,782

-143,030

-247,250

-294,371

-237,260

-246,680

-276,824

-228,634

-229,352

-198,423

-80,749

-77,467

-70,012

-53,582

-36,934

-30,809

-29,722

-42,599

0

0

0

-

-

-

-

Cash flows from financing activities
Borrowings under credit agreement

373,500

365,500

350,500

206,500

214,000

337,000

597,000

795,500

816,000

969,000

871,500

794,000

412,000

554,000

841,400

958,800

1,342,400

973,900

546,700

419,300

374,500

642,300

592,700

633,200

674,900

310,600

320,500

642,500

608,000

587,000

548,000

153,000

124,000

118,000

0

0

0

Repayments of credit agreement borrowings

305,000

323,000

336,000

165,000

167,500

426,000

426,000

738,500

767,500

510,000

501,500

737,000

330,000

713,000

1,115,400

776,800

1,171,400

832,900

447,700

358,300

318,200

434,300

402,700

445,200

505,200

368,600

386,500

457,500

395,000

366,000

319,000

169,000

151,000

77,000

0

0

0

Early Repayment of Senior Debt

0

-

-

-

0

-

-

-

-

309,750

309,750

309,750

309,750

0

0

0

0

-

-

-

-

156,188

156,188

156,188

156,188

0

2,335

2,335

27,524

260,235

0

0

0

-

0

0

0

Proceeds from Issuance of Senior Long-term Debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

294,750

294,750

294,750

294,750

0

0

0

0

Repayment of notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Contributions from UNEV joint venture partners

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Proceeds from Partnership Contribution

-

-

-

-

-

-

-

-

-

-

-

-

-

2,577

0

0

153,347

-

0

0

0

-

-

-

0

1,499

0

0

0

-

-

-

-

-

-

-

-

Proceeds from Issuance of common units

-

-

-

-

-

114,771

114,712

114,307

129,076

52,110

155,364

164,814

163,433

125,870

0

0

0

-

-

-

-

-

-

-

-

73,444

73,444

73,444

73,444

0

0

0

0

-

-

-

-

Distributions to HEP unitholders

273,769

273,225

272,380

271,111

269,458

264,979

260,315

252,455

243,266

234,575

224,799

213,123

201,882

192,037

182,619

177,558

173,158

169,063

165,232

161,707

158,193

154,670

151,150

147,644

144,119

139,486

134,730

130,219

125,770

122,777

114,606

106,621

99,017

91,506

0

0

0

Distributions to noncontrolling interests

9,000

9,000

9,750

9,250

8,500

7,500

7,000

6,500

6,500

6,500

7,000

6,750

6,500

5,750

5,500

4,250

4,625

4,625

3,650

4,900

4,525

4,025

3,750

3,125

3,875

3,125

0

0

0

-

-

-

-

-

-

-

-

Payments on finance leases

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distribution to HFC for El Dorado tanks

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Productive Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

317,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Contributions from Parent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

128,476

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions from general partner

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Contribution from Joint Venture Partner

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of Debt Issuance Costs

0

-

-

-

0

-

-

-

0

-

-

-

1,031

3,995

4,892

4,046

3,926

962

0

0

0

-

-

-

-

-

-

76

2,115

3,238

3,222

3,163

1,229

3,150

0

0

0

Purchase of units for incentive grants

-

-

-

-

-

-

-

-

-

-

-

-

-

3,521

4,092

4,092

4,092

3,555

2,760

3,418

3,488

3,577

2,998

2,786

3,251

5,634

3,700

3,640

6,355

4,919

4,919

4,795

2,525

1,641

0

0

0

Units withheld for tax withholding obligations

451

423

629

629

629

568

628

628

628

605

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

12

-1,448

-1,001

-318

-265

393

-648

-1,245

-1,735

-1,239

-657

-1,314

-1,154

-845

-842

12

3

-6

-8

16

-249

-250

-616

-171

-89

-309

56

-413

-221

0

0

0

Net cash used by financing activities

-239,295

-240,559

-269,244

-240,427

-232,448

-247,601

17,608

3,581

19,866

51,905

-208,199

-189,496

-136,059

-111,874

-219

56,339

22,473

27,421

71,815

29,845

23,243

9,645

-120,924

-118,583

-134,549

-128,383

-134,713

-138,117

-133,128

-119,682

-63,778

82,429

107,919

105,584

0

0

0

Cash and cash equivalents
Increase (decrease) for the period

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and Cash Equivalents, Period Increase (Decrease)

-

-

-

-

-

-4,731

-1,101

-9,683

1,558

4,119

268

11,457

-2,027

-11,356

-3,648

-5,542

3,232

12,183

9,189

4,358

923

-3,522

-9,553

-2,650

-13,314

1,115

9,227

4,500

5,045

-1,132

-17,309

-4,835

3,997

-1,683

0

0

0