| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||||||||||
Net income | ||||||||||||||||||||
34,813 | 29,771 | 30,994 | 25,328 | 22,076 | 26,478 | 27,010 | 23,371 | 23,978 | 25,869 | 31,453 | 25,981 | 26,713 | 22,049 | 18,067 | 15,876 | 18,815 | 11,159 | 20,284 | 19,803 | 17,762 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||||||
Depreciation and amortization | ||||||||||||||||||||
11,282 | 11,947 | 9,079 | 8,854 | 8,721 | 8,624 | 7,451 | 7,091 | 6,643 | 7,308 | 5,756 | 5,857 | 5,483 | 5,863 | 5,347 | 2,349 | 1,847 | 2,887 | 1,649 | 1,637 | 1,633 |
Amortization of loan fees and debt premium | ||||||||||||||||||||
439 | 441 | 444 | 446 | 449 | 461 | 497 | 396 | 363 | 363 | 332 | 377 | 416 | 417 | 416 | 422 | 423 | 424 | 424 | 305 | 162 |
Accretion on discounted liabilities | ||||||||||||||||||||
552 | 513 | 722 | 773 | 760 | 775 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Unit-based compensation expense | ||||||||||||||||||||
1,302 | 1,143 | 1,271 | 3,387 | 964 | 1,208 | 1,052 | 2,663 | 834 | 830 | 807 | 3,028 | 680 | 687 | 963 | 1,981 | 729 | 1,851 | 815 | 683 | 930 |
Change in contingent consideration | ||||||||||||||||||||
-206 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||||||||||||||
Accounts receivable - affiliates | ||||||||||||||||||||
39,055 | -18,347 | 19,124 | 3,348 | 6,879 | 3,598 | 1,981 | -1,008 | -8,336 | 4,772 | 4,636 | 2,406 | -7,860 | 6,117 | 8,367 | -2,550 | 505 | -323 | 3,939 | 6,383 | 2,320 |
Accounts receivable | ||||||||||||||||||||
-174 | 1,559 | 13 | -28 | -2,354 | 4,501 | 510 | 1,192 | -115 | 317 | -776 | 60 | -2,472 | 313 | 1,519 | 2,462 | 0 | - | - | - | - |
Prepaids and other current assets | ||||||||||||||||||||
1,733 | -1,014 | 201 | 1,273 | 12 | -1,024 | 1,945 | -840 | 598 | -290 | -266 | 298 | 297 | -918 | -2,583 | -273 | 622 | -306 | 104 | 413 | -94 |
Accounts payable - affiliates | ||||||||||||||||||||
7,034 | -1,782 | 2,767 | 755 | -3,385 | -9,560 | 10,914 | 1,377 | -2,984 | 221 | -6,551 | 6,330 | 721 | 4,590 | -1,489 | 653 | -241 | 139 | 1,468 | -1,091 | -301 |
Accounts payable | ||||||||||||||||||||
-1,537 | - | - | - | 5,361 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Accrued liabilities | ||||||||||||||||||||
6,689 | -9,163 | 12,529 | -10,798 | 7,941 | -9,883 | 11,265 | -9,662 | 6,908 | -9,917 | 1,293 | -1,709 | 8,121 | -1,643 | 9,425 | -5,174 | 5,312 | -6,824 | 4,805 | 5,553 | -46 |
Deferred revenue | ||||||||||||||||||||
-413 | 148 | 166 | -20 | -65 | 1,777 | 31 | 309 | -595 | 447 | -238 | 31 | 246 | 63 | 251 | 638 | 0 | - | - | - | - |
Other assets and liabilities | ||||||||||||||||||||
1,106 | 336 | 9 | 1,856 | 76 | 169 | 214 | 1,227 | 75 | -58 | 19 | 1,278 | -169 | 746 | -9 | 279 | -14 | -2 | 1 | 5 | 15 |
Net cash provided by operating activities | ||||||||||||||||||||
18,647 | 53,364 | 39,757 | 17,677 | 38,209 | 15,559 | 52,255 | 22,402 | 42,925 | 20,506 | 29,239 | 35,853 | 52,584 | 25,768 | 25,686 | 16,827 | 25,772 | 10,267 | 25,401 | 20,089 | 17,899 |
Cash flows from investing activities: | ||||||||||||||||||||
Payments to Acquire Property, Plant, and Equipment | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 76 |
Purchases of marketable securities | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 75,036 | 129,968 | 469,997 | 620,000 | 690,000 | 458,000 | 229,900 | 689,693 | 689,693 |
Maturities of marketable securities | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 40,054 | 75,006 | 149,935 | 546,150 | 718,264 | 689,860 | 458,000 | 229,898 | 690,388 | 689,697 |
Expenditures for property, plant and equipment | ||||||||||||||||||||
6,080 | - | 8,028 | 3,932 | 11,220 | - | 20,956 | 3,718 | 3,953 | - | 15,536 | 26,822 | 19,645 | - | 4,566 | 2,351 | 1,126 | - | - | - | - |
Net cash used in investing activities | ||||||||||||||||||||
-6,080 | -8,566 | -8,028 | -3,932 | -11,220 | -89,069 | -20,956 | -61,718 | -3,953 | -18,158 | -15,536 | 3,135 | -19,675 | 2,437 | 71,550 | -2,423 | -1,266 | -8,823 | -964 | 551 | -72 |
Cash flows from financing activities: | ||||||||||||||||||||
Distributions to unitholders | ||||||||||||||||||||
32,308 | 32,299 | 31,986 | 31,674 | 27,951 | 26,315 | 25,860 | 23,553 | 23,058 | 22,636 | 21,796 | 20,939 | 20,059 | 19,491 | 16,944 | 16,419 | 14,680 | 13,752 | 12,861 | 12,026 | 10,885 |
Distributions to TVPC members | ||||||||||||||||||||
0 | 0 | 0 | 2,000 | 6,500 | 4,000 | 5,000 | 6,250 | 5,000 | - | - | - | - | 0 | 175,000 | 0 | 0 | - | - | - | - |
Distribution to parent | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 108 | 928 |
Contribution from parent | ||||||||||||||||||||
- | - | - | - | - | 0 | 8 | 3,062 | 1,131 | 1,034 | 1,553 | 1,004 | 6,848 | 11,108 | 2,421 | 895 | 760 | - | - | - | - |
Proceeds from revolving credit facility | ||||||||||||||||||||
100,000 | 0 | 32,000 | 180,000 | 16,000 | 106,000 | 0 | 64,000 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Repayment of revolving credit facility | ||||||||||||||||||||
0 | 0 | 0 | 89,000 | 12,000 | 0 | 34,000 | 0 | 9,700 | 179,500 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Repayment of term loan | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 0 | 39,664 | - | 76,200 | 98,336 | 0 | - | - | - | - |
Deferred financing costs and other | ||||||||||||||||||||
798 | 1,889 | 835 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash provided by (used in) financing activities | ||||||||||||||||||||
68,490 | -62,410 | 849 | -10,191 | -30,451 | 75,396 | -32,958 | 36,988 | -36,627 | -22,104 | -25,337 | -28,764 | -56,300 | -8,255 | -102,848 | 6,215 | -13,920 | -1,002 | -12,861 | -34,159 | -11,813 |
Net change in cash and cash equivalents | ||||||||||||||||||||
81,057 | -17,612 | 32,578 | 3,554 | -3,462 | 1,886 | -1,659 | -2,328 | 2,345 | -19,756 | -11,634 | 10,224 | -23,391 | 19,950 | -5,612 | 20,619 | 10,586 | 442 | 11,576 | -13,519 | 6,014 |
Supplemental disclosure of non-cash investing and financing activities: | ||||||||||||||||||||
Accrued capital expenditures | ||||||||||||||||||||
473 | 855 | -67 | -842 | 1,247 | 4,547 | 61 | -390 | 414 | -13,436 | 1,916 | -682 | 13,625 | 802 | 738 | 0 | 0 | - | - | - | - |
Contribution of net assets from PBF LLC | ||||||||||||||||||||
0 | 0 | 0 | -17 | 259 | 1,056 | 0 | 0 | 0 | - | - | - | - | 0 | 0 | 0 | 15 | 707 | 385 | 536 | 1,628 |
Issuance of Affiliate Note Payable | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 11,600 | 0 | 0 | 0 | 0 | - | - | - | - |
Assets acquired under operating leases | ||||||||||||||||||||
0 | 0 | 0 | 0 | 482 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
IDR Restructuring [Member] | ||||||||||||||||||||
Units issued in connection with the IDR Restructuring | ||||||||||||||||||||
0 | 0 | 0 | 0 | 215,300 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |