Phillips 66 Partners LP PSXP Cash Flow

Phillips 66 partners lp (PSXP)

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 income
226,000	255,000	237,000	233,000	198,000	221,000	217,000	186,000	172,000	164,000	131,000	119,000	110,000	102,000	112,000	100,000	94,000	177,300	50,900	45,000	32,800	156,900	30,000	30,900	27,200
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation
30,000	32,000	30,000	29,000	29,000	30,000	30,000	29,000	28,000	28,000	32,000	28,000	28,000	25,000	25,000	23,000	23,000	44,200	6,100	5,600	5,100	34,300	4,200	3,900	3,600
Deferred rentals
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	300	-100	300	-100	-100	-100
Deferred taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	-	-	0	-100
Undistributed equity earnings
-4,000	10,000	-4,000	-1,000	-2,000	0	-2,000	-1,000	8,000	1,000	-9,000	5,000	4,000	-5,000	3,000	2,000	-1,000	-2,700	-900	-2,200	5,800	-	-	-	-
Deferred revenues and other liabilities
-	-	-	-	-	-	-	-	-	-	-2,000	0	0	0	0	3,000	6,000	-	-	-	-	-	-	-	-
Other
-2,000	-2,000	4,000	-2,000	-10,000	-3,000	1,000	0	38,000	-45,000	-6,000	-2,000	-2,000	-2,000	-1,000	-3,000	0	-400	-1,100	100	-600	800	-600	0	-200
Working capital adjustments
Accounts receivable
-10,000	4,000	13,000	-2,000	-4,000	-1,000	6,000	-2,000	5,000	17,000	-7,000	4,000	-10,000	43,000	1,000	3,000	11,000	-5,100	3,200	-3,600	4,500	6,700	-100	-2,200	9,600
Materials and supplies
-	-	-	-	-	-	-	-	-	0	0	0	1,000	1,000	0	0	1,000	200	1,200	500	100	-	-	-	-100
Prepaid expenses and other current assets
4,000	5,000	-3,000	-3,000	-9,000	10,000	1,000	-3,000	3,000	-	-	-	-2,000	0	0	2,000	0	-100	300	2,800	-1,000	-600	400	1,400	-1,200
Accounts payable
-3,000	0	10,000	1,000	-4,000	3,000	11,000	1,000	-4,000	14,000	2,000	0	-2,000	12,000	0	0	7,000	-400	-4,400	-1,300	-2,900	15,100	-800	-1,100	-1,200
Accrued interest
4,000	8,000	-3,000	5,000	-5,000	4,000	-4,000	4,000	-2,000	5,000	2,000	-4,000	4,000	21,000	-12,000	6,000	-11,000	9,800	-9,100	10,000	2,300	800	-400	1,200	400
Deferred revenues
3,000	-1,000	2,000	-6,000	-40,000	1,000	-1,000	1,000	29,000	10,000	1,000	6,000	4,000	5,000	3,000	1,000	1,000	-1,700	2,400	2,200	1,100	-2,000	1,400	-700	2,300
Other accruals
2,000	-18,000	10,000	6,000	2,000	-13,000	8,000	-1,000	2,000	-5,000	5,000	-4,000	2,000	-6,000	2,000	3,000	2,000	1,400	1,900	3,800	-100	-	-	-	400
Net Cash Provided by Operating Activities
274,000	259,000	276,000	276,000	205,000	240,000	255,000	226,000	171,000	238,000	195,000	136,000	155,000	121,000	128,000	132,000	111,000	245,500	49,000	67,800	29,700	201,300	35,500	34,600	24,600
Business acquisitions
75,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash received from combination of business
-	-	-	-	-	-	-	-	-	-	-	-	318,000	-	-	-	-	-	-	-	-	-	-	-	-
Collection of loan receivable
-	-	-	-	-	-	-	-	-	0	1,000	4,000	3,000	-	-	-	-	-	-	-	-	-	-	-	-
Cash capital expenditures and investments
236,000	171,000	165,000	125,000	634,000	328,000	176,000	160,000	74,000	123,000	120,000	126,000	62,000	263,000	147,000	77,000	97,000	271,100	192,600	322,600	161,700	562,600	17,400	39,500	39,500
Liberty acquisition
75,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return of investment from equity affiliates
38,000	15,000	17,000	15,000	20,000	15,000	6,000	8,000	14,000	20,000	15,000	9,000	8,000	6,000	3,000	4,000	3,000	3,800	3,700	3,800	700	-	-	-	-
Proceeds from sale of equity interest
0	0	0	0	81,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,900	100	-5,800
Net Cash Used in Investing Activities
-273,000	-156,000	-148,000	-110,000	-533,000	-313,000	-170,000	-152,000	-60,000	-832,000	-104,000	-113,000	267,000	-1,223,000	-168,000	-73,000	-94,000	-267,000	-188,900	-318,800	-895,300	-583,400	-30,300	-39,600	-171,700
Cash Flows From Financing Activities
Net proceeds from equity interest transfer
12,000	-	-	-	341,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Third Party, Financing Activities
12,000	1,000	0	0	341,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net contributions to Phillips 66 from Predecessors
-	-	-	-	-	-	-	-	-	-1,000	-27,000	58,000	-209,000	4,000	-19,000	48,000	12,000	-82,100	8,100	-70,200	98,200	11,800	27,000	36,200	19,000
Project prefunding from Phillips 66
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-200	0	0	2,200
Issuance of debt
0	0	898,000	135,000	725,000	590,000	85,000	0	0	625,000	280,000	391,000	712,000	1,690,000	250,000	100,000	78,000	111,300	148,000	323,500	1,198,200	-	-	-	-
Repayment of debt
0	301,000	400,000	0	585,000	465,000	110,000	0	0	511,000	243,000	633,000	765,000	410,000	452,000	148,000	86,000	400	0	0	498,600	-	-	-	-
Issuance of common units
2,000	36,000	91,000	10,000	32,000	14,000	47,000	58,000	9,000	297,000	0	131,000	40,000	-1,000	303,000	669,000	0	-12,400	0	0	396,400	-	-	-	-
Offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	400	12,100	-	-	-	-
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	0	1,000	8,900	-	-	-	-
Distributions to General Partner associated with acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	145,700	-	0	0	262,000
Other distributions to Phillips 66
0	0	0	1,000	-4,000	4,000	0	0	0	-9,000	4,000	2,000	10,000	13,000	11,000	0	0	200	0	-100	-100	400	200	3,300	100
Net Cash Provided by (Used in) Financing Activities
-195,000	-472,000	397,000	-38,000	329,000	-26,000	-136,000	-90,000	-129,000	777,000	-90,000	-146,000	-300,000	1,085,000	23,000	-43,000	-47,000	-17,000	114,600	215,100	998,300	356,200	3,300	18,400	-256,900
Net Change in Cash, Cash Equivalents and Restricted Cash
-194,000	-369,000	525,000	128,000	1,000	-99,000	-51,000	-16,000	-18,000	183,000	1,000	-123,000	122,000	-17,000	-17,000	16,000	-30,000	-38,500	-25,300	-35,900	132,700	-25,900	8,500	13,400	-404,000
Quarterly distributions to general partnerPhillips 66
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300
General Partner
Quarterly distributions to unitholders
0	0	70,000	69,000	67,000	61,000	57,000	51,000	47,000	43,000	36,000	32,000	28,000	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Units
Quarterly distributions to unitholders
9,000	9,000	9,000	10,000	9,000	9,000	10,000	9,000	9,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-