| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
54,588 | 51,604 | 48,080 | 46,679 | 39,356 | ||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Provision for deferred income taxes | ||||||
3,820 | 3,403 | 3,294 | 16,689 | 2,867 | ||
Depreciation, amortization and accretion | ||||||
12,506 | 10,538 | 11,736 | 10,158 | 9,904 | ||
Loss on disposal of property, plant and equipment | ||||||
-1,538 | -1,528 | 0 | 4 | 0 | ||
Unit-based compensation expense | ||||||
2,219 | 2,219 | 2,158 | 831 | 0 | ||
Loss (income) from equity method investments | ||||||
-245 | -5,634 | -631 | -114 | 50 | ||
Changes in operating assets and liabilities: | ||||||
Accounts receivable—related party | ||||||
-31,674 | 19,735 | 29,858 | -77 | 15,516 | ||
Accounts receivable—third party | ||||||
1,711 | 167 | 1,218 | 452 | -625 | ||
Accounts payable, accrued liabilities and taxes payable | ||||||
-8,540 | 3,508 | -14,051 | 25,264 | 19,578 | ||
Other | ||||||
-1,648 | - | - | - | 1,524 | ||
Net cash provided by operating activities | ||||||
97,987 | - | - | - | 55,240 | ||
Cash flows from investing activities: | ||||||
Additions to property, plant and equipment | ||||||
52,046 | 54,242 | 84,609 | 51,192 | 51,743 | ||
Contributions to equity method investments | ||||||
32,563 | 260,460 | 113,561 | -37,420 | 0 | ||
Distributions from equity method investments | ||||||
9,761 | - | - | - | 0 | ||
Proceeds from the sale of fixed assets | ||||||
42 | 0 | 0 | 18 | 0 | ||
Net cash used in investing activities | ||||||
-74,806 | - | - | - | -51,743 | ||
Cash flows from financing activities: | ||||||
Proceeds from borrowings from credit facility | ||||||
27,000 | - | - | - | 0 | ||
Distribution equivalent rights | ||||||
652 | - | - | - | 0 | ||
Distribution to General Partner (Note 1) | ||||||
20 | - | - | - | 0 | ||
Distribution to public (Note 1) | ||||||
12,673 | - | - | - | 0 | ||
Distribution to Diamondback (Note 1) | ||||||
31,286 | 36,678 | 0 | 726,513 | 0 | ||
Net cash used in financing activities | ||||||
-17,631 | - | - | - | 0 | ||
Net increase in cash | ||||||
5,550 | - | - | - | 3,497 | ||
Supplemental disclosure of non-cash financing activity: | ||||||
Interest paid | ||||||
2,978 | - | - | - | 0 | ||
Asset retirement obligations acquired | ||||||
1,038 | - | - | - | 3,992 | ||
Contributions from Diamondback | ||||||
0 | 0 | 0 | -2,619 | 458,674 | ||
Supplemental disclosure of non-cash investing activity: | ||||||
Increase in long term assets and inventory due to contributions from Diamondback | ||||||
0 | - | - | - | 449,441 | ||
Change in accrued liabilities related to property, plant and equipment | ||||||
5,063 | 93 | 34,716 | -46,489 | 15,856 | ||
Decrease in current liabilities | ||||||
0 | - | - | - | 9,233 | ||