Par pacific holdings, inc. (PARR)
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'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net Income (Loss)

-242,620

40,809

19,256

97,325

85,334

39,427

44,546

69,192

60,020

72,621

67,303

20,718

624

-45,835

-126,358

-83,857

-59,046

-39,911

58,585

4,389

-32,011

-47,041

-129,224

-104,389

-88,925

-79,173

-37,489

0

0

0

-470,040

0

0

0

Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:
Depreciation, Depletion and Amortization

86,447

86,121

78,741

69,706

60,562

52,642

51,145

49,257

47,766

45,989

45,626

43,965

37,782

31,617

26,905

21,858

21,762

19,918

17,480

16,802

15,087

14,897

13,229

10,529

8,276

5,982

3,423

0

0

0

-

-

0

0

Impairment expense

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt extinguishment and commitment costs

-6,091

-11,587

-13,410

-13,410

-9,720

-4,224

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on sale of assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

Non cash interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Depreciation, depletion, amortization - discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,348

0

0

0

Change in asset values due to fresh - start accounting adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Loss on termination of financing agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Non-cash interest expense

8,178

9,118

8,833

8,492

7,837

7,127

6,445

6,397

6,776

7,276

12,884

18,726

19,455

18,121

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash lower of cost or net realizable value adjustment

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

11,623

9,680

10,120

10,601

0

0

0

-

-

-

-

-

Fair Value Adjustment of Warrants

-2,353

3,199

868

1,109

226

-1,801

-141

-233

240

1,674

2,726

1,094

-629

-2,962

-2,545

-865

-3,002

3,664

2,417

-1,007

2,166

-4,433

-649

3,142

6,582

10,159

10,970

0

0

0

-

-

-

-

Change in value of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

10,770

-10,982

-5,702

7,345

18,450

21,588

16,337

4,545

-2,849

-5,758

-4,762

-2,465

0

0

0

0

-

-

-

-

-

Loss from unconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Deferred taxes

-20,130

-66,886

-69,741

-66,499

-64,499

661

-944

-1,753

-1,492

-1,321

1,092

1,101

-7,733

-7,935

-6,981

-6,520

-16,554

-16,489

-18,139

-18,720

-157

-257

-12

100

144

179

-2,757

0

0

0

956

0

0

0

Gain on settlement of liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Loss on disposal of other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Gain on sale of assets - discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,699

0

0

0

Dry hole costs and impairments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

Stock-based compensation

6,517

6,437

6,043

6,291

6,292

6,196

6,200

6,181

6,107

7,204

7,325

7,272

6,976

6,625

6,228

5,668

6,082

5,165

3,852

5,336

4,610

3,970

4,828

2,490

1,649

1,161

525

0

0

0

8,003

0

0

0

Amortization of deferred financing costs, bond discount, and installments payable discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,805

0

0

0

Unrealized Gain (Loss) on Derivatives

-32,446

-9,350

-345

-18,330

-8,223

-2,122

-6,559

-233

347

989

9,118

6,415

18,576

15,479

-306

-5,062

-10,099

-10,896

-4,088

780

-1,540

1,015

317

-236

389

0

0

0

0

-

2,993

0

0

0

Income (Loss) from Equity Method Investments

-135,083

-89,751

-79,651

7,032

4,189

9,464

10,992

10,495

15,199

18,369

4,429

7,535

-11,764

-22,381

-65,011

-70,025

-56,028

-55,983

-4,656

-2,466

1,244

2,849

205

-1,537

-802

-2,941

0

0

0

-

-

0

0

0

Net changes in operating assets and liabilities:
Professional fees paid through restricted cash related to trust activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-1,940

0

0

0

Net changes in operating assets and liabilities:
Trade accounts receivable

-65,698

36,652

62,426

85,866

101,065

35,790

43,989

50,939

31,548

19,100

8,325

1,481

21,266

17,162

-15,330

-7,094

-17,822

-54,529

-68,736

-38,683

-32,269

-5,608

44,813

27,890

16,972

40,278

18,395

0

0

0

-1,535

0

0

0

Prepaid and other assets

-54,907

24,121

-6,449

-78,551

-15,287

5,521

7,234

74,847

73,521

-37,645

-18,434

-36,566

11,000

-945

5,588

26,165

-6,999

35,697

7,344

-39,905

4,040

5,966

2,098

53,049

3,466

2,569

482

0

0

0

3,018

0

0

0

Inventories

-1,214

195,440

206,484

138,932

98,410

-31,840

34,487

22,261

-1,694

146,533

122,415

40,302

118,676

-49,015

-62,921

-35,109

-46,378

-31,913

-93,470

-68,020

-156,185

-61,529

0

0

0

-

-

-

-

0

68

0

0

0

Deferred turnaround expenditures

11,393

9,800

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Obligations under inventory financing agreements

-165,260

121,985

238,974

34,838

67,226

-17,138

10,235

96,343

65,025

143,034

95,367

36,089

155,161

-5,977

3,331

16,070

-34,579

34,845

-96,025

-72,651

-137,054

-112,884

0

0

0

-

-

-

-

0

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

861

0

0

0

Inventories and obligations under supply and exchange agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

Accounts payable, other accrued liabilities, and operating lease ROU assets and liabilities

-23,181

68,969

36,209

59,491

36,219

19,885

16,256

-789

17,477

-33,780

-5,466

-28,502

-40,437

-26,698

-27,968

-18,446

-13,078

-26,188

-31,322

-21,315

-20,448

20,804

-11,808

33,994

39,011

19,017

0

0

0

-

-

-

-

-

Other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-3,722

0

0

0

Settlement claim liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Assets held for sale working capital, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

359

0

0

0

Net cash provided by (used in) operating activities

176,887

105,630

137,352

83,530

21,221

90,620

52,927

75,614

94,130

106,483

123,311

67,609

-10,428

-23,393

-53,236

4,941

57,615

132,358

166,421

117,187

40,060

-54,604

-121,388

-120,687

-34,943

-35,677

4,396

0

0

0

990

0

0

0

Cash flows from investing activities:
Acquisitions of businesses, net of cash acquired

-892

273,399

274,291

274,291

273,942

74,331

74,331

74,331

74,680

0

0

0

0

-

-

-

-

64,331

74,360

73,269

15,000

10,582

0

0

0

-

-

-

-

0

-

-

-

-

Proceeds from purchase price settlement related to asset acquisition

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of Par Hawaii, Inc., net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

Capital expenditures

81,004

83,920

82,327

72,186

56,691

48,439

42,018

37,588

33,741

31,708

25,445

24,919

27,936

24,833

25,764

24,163

22,074

22,345

23,431

18,264

17,029

14,300

9,867

13,546

9,776

7,768

4,627

0

0

0

56,058

0

0

0

Proceeds from sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

2,773

2,323

2,323

2,235

0

0

0

0

-

-

-

-

2,850

0

0

0

-

-

-

-

-

Additions to drilling and trucking equipment - assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,529

0

0

0

Proceeds from asset sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Proceeds from sale of drilling assets - assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,429

0

0

0

Proceeds from sale of other fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

61

0

0

0

Investment in Laramie Energy, LLC

-

-

-

-

-

-

-

-

-

-

-

-

-

55,000

55,000

55,000

68,765

27,529

27,529

27,541

13,776

12

0

0

0

-

-

0

0

0

-

-

-

-

Proceeds from sale of unconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,517

0

0

0

Other investing activities

-681

-864

-875

-207

-1,004

-816

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash used in investing activities

-79,431

-353,229

-406,384

-396,911

-380,270

-175,821

-115,528

-111,087

-108,386

-31,673

-14,976

-228,652

-236,581

-286,243

-297,595

-82,902

-147,935

-114,205

-115,320

-108,479

-45,210

-24,299

-18,550

-543,464

-569,722

-564,500

-580,365

0

0

0

87,649

0

0

0

Cash flows from financing activities:
Funding of purchase of HIE from supply and exchange agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Proceeds from sale of common stock, net of offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75,756

76,056

2,927

104,249

104,249

103,949

0

0

0

-

-

-

-

0

-

-

-

-

Proceeds from borrowings

182,900

510,906

482,746

462,746

476,747

118,741

483,668

546,467

567,006

616,706

292,438

419,871

429,382

354,682

419,040

228,808

200,658

208,158

165,129

256,983

290,020

363,620

381,536

312,472

232,900

159,800

102,655

0

0

0

117,550

0

0

0

Repayments of borrowings

217,060

241,336

210,946

187,448

180,134

118,751

426,012

497,592

539,789

603,770

357,058

403,049

288,687

202,165

250,839

136,792

197,614

227,212

213,439

265,183

278,487

331,530

302,157

294,479

209,664

121,909

52,007

0

0

0

104,992

0

0

0

Net borrowings (repayments) on deferred payment arrangements and receivable advances

-65,614

43,422

24,365

68,498

62,687

27,264

29,977

30,412

21,258

-2,198

-20,120

-9,967

549

8,027

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of common stock warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Payment of deferred loan costs

157

13,450

13,450

13,720

13,600

379

10,393

10,136

10,136

10,064

0

0

0

-

-

-

-

7,335

6,303

10,781

7,299

6,045

0

0

0

-

-

-

-

0

1,529

0

0

0

Purchase of common stock for retirement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

287

287

287

0

0

0

0

-

996

0

0

0

Contingent consideration settlements

-

-

-

-

-

-

-

-

-

-

-

-

-

11,980

11,980

11,980

1,084

0

0

0

0

-

-

-

-

-

-

0

0

-

-

-

-

-

Payments for debt extinguishment and commitment costs

1,899

8,087

10,532

10,532

9,578

3,390

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other financing activities, net

-344

582

2,189

-290

-1,051

-860

-774

-1,209

-1,408

-993

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fund distribution agent account

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Proceeds from (funding of) Wapiti and General Recovery Trusts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Recoveries from bankruptcy settlements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Restricted cash released

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

52

52

12,551

19,000

0

0

0

0

-

-

-

-

Net cash provided by (used in) financing activities

-94,003

300,208

293,690

338,572

354,389

41,943

72,034

63,510

32,499

-4,751

-86,293

51,567

171,960

190,118

305,244

163,895

87,773

60,425

-46,696

51,644

108,777

130,052

168,330

638,984

610,662

632,053

640,131

0

0

0

-89,967

0

0

0

Net decrease in cash, cash equivalents, and restricted cash

3,453

52,609

24,658

25,191

-4,660

-43,258

9,433

28,037

18,243

70,059

22,042

-109,476

-75,049

-119,518

-45,587

85,934

-2,547

78,578

4,405

60,352

103,627

51,149

28,392

-25,167

5,997

31,876

64,162

0

0

0

-1,328

0

0

0

Supplemental cash flow information:
Net cash received (paid) for:
Net cash received (paid) for:
Interest

63,413

58,250

51,118

42,914

34,794

28,186

21,686

23,271

15,405

23,873

20,812

21,489

15,720

13,217

10,240

10,009

9,222

6,891

5,402

3,723

3,803

4,526

5,441

4,185

3,275

2,186

93

0

0

0

19,384

0

0

0

Taxes

39

136

3,975

4,015

49

49

411

1,068

1,478

1,478

665

-41

-450

-589

-184

-278

-541

-402

-833

-740

-752

-243

233

235

530

0

0

0

0

-

-

-

-

-

Non-cash investing and financing activities:
Non-cash investing and financing activities:
Accrued capital expenditures

4,230

6,386

9,358

12,139

14,190

6,199

2,505

3,216

2,716

2,926

6,793

2,220

4,144

4,907

1,833

4,957

2,481

2,102

1,950

2,636

3,721

2,328

3,230

1,379

667

0

0

0

0

-

-

-

-

-

Stock issued used to settle bankruptcy claims

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,605

2,468

0

0

0

-

-

-

-

Value of warrants reclassified to equity

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

ROU assets obtained in exchange for new finance lease liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

ROU assets obtained in exchange for new operating lease liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

ROU assets terminated in exchange for release from operating lease liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock issued for business combination

0

36,980

36,980

36,980

36,980

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash used to settle bankruptcy claims

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

Interest payable capitalized to principal balance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

Non-cash additions to property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-