SEADRILL PARTNERS LLC SDLP Cash Flow

Seadrill partners llc (SDLP)

CashFlow / Yearly

Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10
Cash Flows from Operating Activities
Net income
235,300	545,700	488,400	314,600	415,400	293,600	181,000	176,500
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
274,900	266,300	237,500	198,700	141,200	114,000	79,800	56,800
Amortization of deferred loan charges
12,600	11,400	20,200	17,600	7,100	8,500	6,700	4,300
Amortization of mobilization revenue
-	-	-	-	-	-32,500	-17,200	-11,500
Amortization of favorable contracts
74,400	70,600	66,900	14,800	0	0	-	-
Gain on disposal of PPE
800	0	0	-	-	-	-	-
Gain on bargain purchase
0	0	9,300	0	0	-	-	-
Unrealized (gain) / loss related to derivative financial instruments
25,800	32,200	-31,800	-99,100	60,200	-32,900	-85,600	-22,500
Unrealized foreign exchange gain
3,500	9,400	1,700	0	0	-	-	-
Payment for long term maintenance
54,900	48,000	49,800	39,100	26,500	18,200	7,300	0
Gain on revaluation of contingent consideration
89,900	0	0	-	-	-	-	-
Net movement in taxes
4,600	19,200	27,900	-8,600	-9,200	500	300	-1,400
West Aquarius settlement
-	-	-	-	25,000	-	-	-
Accretion of discount on deferred consideration
13,200	17,300	13,300	0	0	-	-	-
West Aquarius settlement
-	-	-	-	-	0	0	-
Profit sharing settlement expense
-	-	-	-	-	-	7,000	-
Changes in operating assets and liabilities, net of effect of acquisitions
Mobilization fees received from customers
-	-	-	-	-	0	0	-14,400
Trade accounts receivable
1,600	-38,700	-49,800	46,300	9,400	109,300	-39,000	14,500
Prepaid expenses and accrued income
4,000	-8,600	1,900	0	0	-	-	-
Mobilization revenue receivable
-	-	-	-	-	-	0	0
Trade accounts payable
5,400	7,800	15,300	-10,700	48,600	-5,700	1,700	-500
Related party balances
16,100	-64,300	-29,000	31,400	56,900	4,400	0	0
Other assets
-34,400	-70,000	-57,900	-9,900	-2,000	70,500	2,900	-200
Other liabilities
-4,900	-12,100	-45,000	41,700	-14,000	60,500	21,500	-2,100
Changes in deferred revenue
-9,700	-17,000	-12,000	-14,400	-12,900	-	-	-
Other, net
-400	-1,200	500	0	0	-	-	-
Net cash provided by operating activities
476,200	873,800	859,800	608,700	564,000	278,200	395,200	244,700
Cash Flows from Investing Activities
Additions to drilling units
66,700	13,100	18,600	31,600	159,300	283,500	594,500	-
Proceeds from sale of assets
16,200	0	0	-	-	-	-	-
Acquisition of subsidiaries, net of cash acquired
0	0	214,700	1,137,700	0	0	-	-
Loan granted to related parties
0	0	143,000	0	0	-	-	-
Purchase of non-controlling interest in Seadrill Operating LP
-	-	-	373,500	0	0	-	-
Payment received from loans granted to related parties
39,400	103,600	0	0	-	-	-	-
Additions to newbuildings and drilling units
-	-	-	-	-	-	416,300	140,600
Insurance refund
0	7,100	0	0	-	-	-	-
Net cash (used in) / provided by investing activities
-11,100	97,600	-376,300	-1,542,800	-159,300	-283,500	-1,010,800	-140,600
Cash Flows from Financing Activities
Net proceeds from long term debt
-	-	-	2,825,400	98,000	100,500	2,093,700	891,300
Repayments of long term debt
215,000	105,300	97,600	472,100	348,800	215,900	986,100	521,100
Debt fees paid
3,800	300	800	0	0	-	10,200	1,700
Net proceeds from related party debt
0	0	143,000	0	409,500	5,000	0	-
Repayments of related party debt
66,000	249,500	40,300	1,588,300	0	0	-	-
Proceeds from related party loans
-	-	-	-	-	-	0	-
Proceeds from revolving credit facility
0	0	50,000	0	169,600	0	0	-
Contingent consideration paid
40,000	59,700	26,600	0	0	-	-	-
Repayments of revolving credit facility
-	-	-	125,900	43,700	0	0	-
Repayments of related party discount notes
-	-	-	399,900	0	0	-	-
Cash distributions
60,100	107,300	435,300	660,200	140,900	0	0	-
Proceeds on issuance of equity, net of fees
-	-	-	937,800	464,800	207,100	0	-
Proceeds on issuance of equity to related parties
-	-	-	-	106,900	0	0	-
Proceeds on issuance of units by Seadrill Capricorn Holdings LLC
-	-	-	570,300	0	0	-	-
Distribution to Seadrill Limited for the acquisition of T-15, T-16, Leo and Sirius
-	-	-	-	939,200	0	0	-
Owners funding repaid
-	-	-	-	112,400	85,700	471,500	483,300
Net cash (used in) / provided by financing activities
-384,900	-522,100	-407,600	1,087,100	-336,200	11,000	625,900	-114,800
Effect of exchange rate changes on cash
800	-700	400	0	0	-	-	-
Net increase in cash and cash equivalents
81,000	448,600	76,300	153,000	68,500	5,700	10,300	-10,700
Supplementary disclosure of cash flow information
Interest and other financial items paid
200,300	196,400	228,600	128,300	92,200	63,800	39,300	31,200
Taxes paid
42,900	49,000	57,000	42,600	35,100	49,000	39,900	25,500