NEXTERA ENERGY PARTNERS, LP NEP Cash Flow

Nextera energy partners, lp (NEP)

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
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss
-720,000	84,000	-244,000	-123,000	-121,000	-116,000	111,000	291,000	-19,000	-53,000	51,000	58,000	58,000	216,000	132,000	47,000	-12,000	40,000	15,000	27,000	25,000	45,000	22,000	24,000	6,000
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization
66,000	67,000	68,000	63,000	61,000	51,000	50,000	49,000	53,000	57,000	57,000	56,000	56,000	74,000	54,000	57,000	50,000	52,000	37,000	37,000	37,000	32,000	24,000	27,000	16,000
Intangible amortization - PPAs
26,000	26,000	25,000	12,000	9,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	1,000	2,000
Accretion of acquisition holdbacks
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Change in value of derivative contracts
-795,000	266,000	-312,000	-162,000	-115,000	-111,000	61,000	41,000	-51,000	7,000	3,000	-19,000	-2,000	102,000	2,000	-30,000	-47,000	10,000	0	0	0	-	-	-	-
Deferred income taxes
-75,000	9,000	-19,000	-9,000	-7,000	0	16,000	-9,000	16,000	108,000	24,000	17,000	13,000	33,000	32,000	-5,000	-4,000	17,000	3,000	7,000	-3,000	-39,000	2,000	6,000	5,000
Benefits associated with differential membership interests - net
-	-	-	-	-	-	-	-	-	36,000	21,000	31,000	31,000	22,000	14,000	18,000	13,000	7,000	5,000	8,000	4,000	0	0	0	0
Equity in earnings of equity method investees, net of distributions received
-7,000	-4,000	19,000	13,000	-5,000	-19,000	13,000	5,000	-7,000	-15,000	11,000	8,000	-11,000	-29,000	11,000	6,000	2,000	6,000	1,000	-1,000	0	-	-	-	-
Equity in losses of non-economic ownership interests
-23,000	6,000	1,000	-4,000	-7,000	-10,000	12,000	7,000	6,000	-1,000	9,000	3,000	0	16,000	-1,000	-6,000	-13,000	-	-	-	-	-	-	-	-
Other - net
-5,000	16,000	-18,000	-8,000	-2,000	1,000	-1,000	2,000	2,000	-2,000	-3,000	-3,000	-3,000	-6,000	-6,000	-4,000	-6,000	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable
-	-	-	-	-	-	-	-	-	-	-14,000	4,000	11,000	4,000	-6,000	3,000	13,000	7,000	-8,000	2,000	6,000	4,000	0	8,000	9,000
Other current assets
-4,000	-17,000	14,000	7,000	13,000	5,000	-10,000	6,000	9,000	-1,000	7,000	-2,000	2,000	4,000	0	1,000	-2,000	2,000	7,000	-22,000	-1,000	31,000	-2,000	4,000	-2,000
Other non-current assets
0	-1,000	-1,000	0	3,000	-2,000	-1,000	1,000	-3,000	3,000	-7,000	0	7,000	0	-4,000	2,000	3,000	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
-	-	-	-	-	-	-	-	-	-	3,000	-2,000	-2,000	3,000	5,000	-3,000	-2,000	-4,000	6,000	-1,000	-1,000	41,000	-1,000	1,000	-1,000
Due to related parties
-	-	-	-	-	-	-	-	-	-	-2,000	0	-1,000	3,000	-7,000	2,000	0	4,000	-2,000	-5,000	6,000	4,000	-11,000	11,000	2,000
Other current liabilities
-31,000	19,000	-5,000	16,000	-36,000	22,000	-21,000	12,000	-39,000	36,000	0	22,000	-23,000	12,000	-5,000	16,000	-19,000	8,000	-9,000	21,000	-15,000	6,000	-4,000	7,000	6,000
Payment of acquisition holdback
-	-	-	-	-	-	-	-	-	-	0	0	14,000	0	0	0	0	-	-	-	-	-	-	-	-
Other non-current liabilities
-1,000	2,000	0	-2,000	0	0	4,000	2,000	-2,000	-20,000	-3,000	0	9,000	-2,000	-2,000	5,000	0	-	-	-	-	4,000	1,000	0	0
Net cash provided by operating activities
99,000	94,000	122,000	111,000	19,000	93,000	86,000	130,000	53,000	120,000	103,000	129,000	61,000	155,000	98,000	112,000	50,000	107,000	45,000	96,000	40,000	48,000	40,000	65,000	29,000
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisitions of membership interests in subsidiaries - net
-	-	-	-	-	-	-	-	-	-	-	-	-	228,000	317,000	-1,000	325,000	1,166,000	0	424,000	292,000	-	-	-	-
Capital expenditures and other investments
52,000	54,000	33,000	3,000	3,000	15,000	3,000	3,000	4,000	7,000	14,000	12,000	316,000	326,000	9,000	279,000	247,000	52,000	47,000	18,000	84,000	531,000	86,000	32,000	65,000
Acquisitions of projects
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	288,000	0	0
Proceeds from CITCs
-	-	-	-	-	-	-	-	-	-	-	-	-	-36,000	-2,000	-10,000	35,000	-	-7,000	-2,000	-57,000	79,000	-340,000	341,000	3,000
Payments from (to) related parties under CSCS agreement - net
-48,000	513,000	212,000	-695,000	24,000	741,000	-670,000	-48,000	-2,000	279,000	-292,000	23,000	-32,000	281,000	-275,000	12,000	-17,000	-27,000	5,000	15,000	159,000	-	-	-	-
Distributions from equity method investee
8,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-4,000	-5,000	-3,000	-4,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-88,000	-830,000	182,000	-1,722,000	21,000	-550,000	-673,000	466,000	-6,000	-560,000	-229,000	-231,000	-348,000	-237,000	-599,000	-256,000	-624,000	-1,279,000	-35,000	-425,000	-160,000	-616,000	-180,000	-67,000	-68,000
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of common units - net
2,000	-	0	0	3,000	-	81,000	0	0	-	-	-	-	-	342,000	11,000	292,000	-	213,000	106,000	0	-	-	-	-
Issuances of long-term debt
57,000	1,730,000	500,000	1,150,000	0	-	-	-	-	0	1,420,000	250,000	210,000	100,000	200,000	355,000	116,000	811,000	81,000	355,000	122,000	0	0	0	15,000
Retirements of long-term debt
11,000	1,791,000	691,000	286,000	24,000	909,000	19,000	24,000	31,000	14,000	1,111,000	23,000	37,000	163,000	107,000	305,000	65,000	205,000	99,000	51,000	40,000	2,000	353,000	9,000	13,000
Debt issuance costs
1,000	30,000	7,000	11,000	0	-	-	-	-	-	-	-	-	-	-	-	-	7,000	2,000	6,000	2,000	2,000	1,000	0	0
Partner contributions
3,000	12,000	0	1,000	1,000	4,000	1,000	2,000	29,000	9,000	2,000	1,000	304,000	321,000	0	274,000	236,000	44,000	74,000	3,000	59,000	584,000	74,000	291,000	83,000
Partner distributions
97,000	103,000	101,000	84,000	74,000	76,000	71,000	68,000	66,000	75,000	80,000	73,000	79,000	516,000	52,000	68,000	46,000	662,000	68,000	362,000	30,000	724,000	6,000	211,000	36,000
Preferred unit distributions
2,000	4,000	5,000	6,000	6,000	7,000	6,000	6,000	3,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from differential membership investors
46,000	0	35,000	-1,000	32,000	0	28,000	0	28,000	-1,000	16,000	0	18,000	398,000	8,000	-1,000	11,000	458,000	5,000	0	0	-	-	-	-
Payments to differential membership investors
6,000	8,000	6,000	8,000	8,000	5,000	5,000	6,000	5,000	6,000	6,000	8,000	5,000	10,000	2,000	5,000	3,000	3,000	1,000	1,000	2,000	0	0	0	0
Payments to Class B noncontrolling interests investors
10,000	8,000	7,000	3,000	5,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in amounts due to related parties
-1,000	-	10,000	0	19,000	-	0	-1,000	0	-	-77,000	0	-1,000	-13,000	2,000	14,000	1,000	0	2,000	0	-22,000	-	-	-	-
Proceeds from related party note
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Change in amounts due to related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Payment of acquisition holdback
-	-	-	-	-	-	-	-	-	0	0	0	186,000	0	0	0	0	-	-	-	-	-	-	-	-
Net cash used in financing activities
-20,000	658,000	-272,000	1,645,000	-62,000	513,000	9,000	-103,000	-48,000	457,000	133,000	145,000	224,000	116,000	390,000	254,000	542,000	560,000	594,000	369,000	85,000	558,000	152,000	71,000	49,000
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-	-	-	-	-	0	0	-1,000	-1,000	2,000	-1,000	1,000	1,000	2,000	-1,000	1,000	2,000	-4,000	-5,000	4,000	-2,000	0	-3,000	2,000	-1,000
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH
-9,000	-78,000	32,000	34,000	-22,000	56,000	-578,000	492,000	-2,000	19,000	6,000	44,000	-62,000	36,000	-112,000	111,000	-30,000	-616,000	599,000	44,000	-37,000	-10,000	9,000	71,000	9,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest, net of amounts capitalized
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,000	14,000	34,000	16,000	9,000
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Members’ noncash contributions for construction costs and other
-	-	-	-	-	-	-	-	-	2,000	2,000	4,000	5,000	134,000	2,000	3,000	86,000	241,000	170,000	23,000	92,000	348,000	426,000	121,000	12,000
Change in accounts receivable for CITCs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	150,000
Change in noncash investments in equity method investees - net
-	-	-	-	-	-	-	-	-	5,000	0	2,000	0	101,000	0	4,000	3,000	-6,000	-25,000	24,000	2,000	-	-	-	-
Partner noncash distributions
0	0	0	0	3,000	0	0	0	17,000	0	0	0	0	2,000	2,000	4,000	25,000	21,000	0	2,000	19,000	17,000	-2,000	480,000	1,000
Accrued property additions
31,000	-	-	-	0	-	-	-	-	-4,000	1,000	2,000	3,000	311,000	-1,000	-4,000	8,000	546,000	262,000	-1,000	4,000	60,000	84,000	-21,000	47,000
Noncash member contribution upon transition from predecessor method
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,000	0	-	-	-	-
Change in goodwill related to change in purchase accounting valuation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	6,000	0	0	0	0	-	-	-	-
Accrued preferred distributions
2,000	-2,000	-2,000	0	6,000	0	0	0	6,000	3,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-