| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
185,719 | 62,960 | 20,665 | ||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Provision for deferred income taxes | ||||||
26,253 | 5,845 | 4,471 | ||||
Depreciation, amortization and accretion | ||||||
42,336 | 25,134 | 3,486 | ||||
Loss on disposal of property, plant and equipment | ||||||
-1,524 | -2,577 | 0 | ||||
Unit-based compensation expense | ||||||
5,208 | 0 | 0 | ||||
Loss (income) from equity method investments | ||||||
-6,329 | 0 | 1,366 | ||||
Changes in operating assets and liabilities: | ||||||
Accounts receivable—related party | ||||||
65,032 | -17,625 | 29,108 | ||||
Accounts receivable—third party | ||||||
1,212 | 1,849 | 0 | ||||
Accounts payable, accrued liabilities and taxes payable | ||||||
34,299 | 61,139 | 2,143 | ||||
Other | ||||||
17,231 | 0 | 283 | ||||
Net cash provided by operating activities | ||||||
218,193 | 173,431 | 8 | ||||
Cash flows from investing activities: | ||||||
Additions to property, plant and equipment | ||||||
241,786 | 164,876 | 0 | ||||
Contributions to equity method investments | ||||||
336,601 | 0 | 0 | ||||
Proceeds from the sale of fixed assets | ||||||
18 | 0 | 0 | ||||
Net cash used in investing activities | ||||||
-578,369 | -164,876 | 0 | ||||
Cash flows from financing activities: | ||||||
Proceeds from borrowings from credit facility | ||||||
463,000 | 0 | 0 | ||||
Payments on credit facility | ||||||
39,000 | 0 | 0 | ||||
Distribution equivalent rights | ||||||
751 | 0 | 0 | ||||
Debt issuance costs | ||||||
4,310 | 0 | 0 | ||||
Net proceeds from initial public offering—public | ||||||
719,377 | 0 | 0 | ||||
Net proceeds from initial public offering—General Partner | ||||||
1,000 | 0 | 0 | ||||
Net proceeds from initial public offering—Diamondback | ||||||
999 | 1 | 0 | ||||
Distribution to General Partner (Note 1) | ||||||
21 | 0 | 0 | ||||
Distribution to public (Note 1) | ||||||
14,858 | 0 | 0 | ||||
Distribution to Diamondback (Note 1) | ||||||
763,191 | 0 | 0 | ||||
Net cash used in financing activities | ||||||
362,245 | 1 | 0 | ||||
Net increase in cash | ||||||
2,069 | 8,556 | 8 | ||||
Supplemental disclosure of non-cash financing activity: | ||||||
Interest paid | ||||||
2,707 | 0 | 0 | ||||
Contributions from Diamondback | ||||||
456,055 | 171,557 | 179,214 | ||||
Supplemental disclosure of non-cash investing activity: | ||||||
Increase in long term assets and inventory due to contributions from Diamondback | ||||||
456,055 | 171,557 | 179,214 | ||||
Change in accrued liabilities related to property, plant and equipment | ||||||
4,176 | 2,693 | 0 | ||||