| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income (loss) | ||||||
215,231 | 147,752 | 72,547 | 40,128 | 32,442 | ||
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
36,358 | 28,409 | 15,730 | 8,525 | 5,765 | ||
Impairment | ||||||
- | - | - | - | 2,073 | ||
Deferred income taxes | ||||||
0 | 0 | 5,240 | 788 | 3,543 | ||
Equity-based compensation expenses | ||||||
378 | 356 | 1,052 | 911 | 690 | ||
Deferred financing costs amortization and other | ||||||
946 | -519 | 127 | 0 | 0 | ||
Working capital and other changes: | ||||||
Change in accounts receivable | ||||||
37 | -3,194 | 56,473 | - | - | ||
Change in accounts and insurance receivable | ||||||
- | - | - | 2,908 | 9,482 | ||
Change in inventory | ||||||
- | - | - | 0 | 0 | ||
Change in prepaid expenses | ||||||
505 | 640 | 304 | 623 | 358 | ||
Change in accounts payable and accrued liabilities | ||||||
- | - | - | 1,196 | 16,796 | ||
Change in accounts payable and accrued liabilities | ||||||
-3,311 | 27,814 | 24,400 | 24,069 | 2,674 | ||
Change in current income taxes payable | ||||||
0 | 0 | 17,618 | - | - | ||
Change in other assets and liabilities, net | ||||||
-3,479 | 22 | 94 | - | - | ||
Net cash provided by operating activities | ||||||
252,539 | 206,344 | 79,843 | 72,086 | 54,143 | ||
Cash flows from investing activities: | ||||||
Capital expenditures | ||||||
225,832 | 283,026 | 181,424 | 157,866 | 120,234 | ||
Acquisitions | ||||||
24,939 | 0 | 74,520 | 0 | 0 | ||
Net cash used in investing activities | ||||||
-250,771 | -283,026 | -255,944 | -157,866 | -120,234 | ||
Cash flows from financing activities: | ||||||
Capital contributions from Delaware Predecessor, net | ||||||
14,008 | 4,884 | 0 | - | - | ||
Capital contributions from parent prior to initial public offering | ||||||
0 | 0 | 65,145 | 85,780 | 66,091 | ||
Capital contributions from non-controlling interests | ||||||
5,078 | 140,277 | 33,875 | 0 | 0 | ||
Proceeds from initial public offering, net of offering costs | ||||||
0 | 0 | 134,185 | 0 | 0 | ||
Proceeds from sale of common units, net of offering costs | ||||||
0 | 44,503 | 0 | 0 | - | ||
Distribution to Oasis Petroleum subsequent to initial public offering | ||||||
0 | 0 | 132,083 | 0 | 0 | ||
Distributions to non-controlling interests | ||||||
95,771 | 128,903 | 0 | 0 | - | ||
Distribution to Oasis Petroleum for contributed assets | ||||||
0 | 172,429 | 0 | - | - | ||
Distributions to unitholders | ||||||
66,615 | 44,918 | 0 | - | - | ||
Deferred financing costs | ||||||
973 | 966 | 2,138 | 0 | 0 | ||
Proceeds from revolving credit facility | ||||||
153,000 | 275,000 | 78,000 | 0 | 0 | ||
Principal payments on revolving credit facility | ||||||
12,500 | 35,000 | 0 | 0 | - | ||
Other | ||||||
-476 | 0 | 0 | - | - | ||
Net cash used in financing activities | ||||||
-4,249 | 82,448 | 176,984 | 85,780 | 66,091 | ||
Increase (decrease) in cash and cash equivalents | ||||||
-2,481 | 5,766 | 883 | - | - | ||
Increase in cash and cash equivalents | ||||||
- | - | - | 0 | 0 | ||
Supplemental non-cash transactions: | ||||||
Cash paid for interest, net of capitalized interest | ||||||
16,592 | 2,054 | 0 | 0 | - | ||
Supplemental non-cash transactions: | ||||||
Change in accrued capital expenditures | ||||||
-12,945 | -1,794 | 63,199 | 16,434 | -19,098 | ||
Change in asset retirement obligations | ||||||
117 | 314 | 198 | 351 | -283 | ||
Installment notes from acquisition | ||||||
0 | 0 | 4,875 | 0 | 0 | ||
Reimbursement of capital expenditures from Oasis Petroleum | ||||||
0 | 7,176 | 0 | 0 | - | ||
Cash paid for interest | ||||||
- | - | - | - | 0 | ||
Non-cash elimination of current and deferred tax liabilities | ||||||
0 | 0 | -104,005 | 0 | 0 | ||
Common Units | ||||||
Distributions to unitholders | ||||||
- | - | - | 0 | - | ||
Subordinated Units | ||||||
Distributions to unitholders | ||||||
- | - | - | 0 | - | ||