SEMGROUP CORPORATION SEMG Cash Flow

Semgroup corporation (SEMG)

CashFlow / Quarterly

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	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-5,466	-12,898	-3,314	2,972	8,461	-2,726	-33,035	2,619	-19,103	9,611	-10,277	12,003	-4,635	10,787	-4,893	-977	9,580	28,433	5,776	12,707	32,196	-12,584	19,738	6,599	3,135	7,512	48,566	22,976	-432	7,243	2,110	740	14,339	-12,299	32
Adjustments to reconcile net loss to net cash provided by operating activities:
Net unrealized loss related to derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,546	1,415	-2,645	1,078	411	851	-606	-785	464	827	468	-1,628	554	24	-146	4,720	2,301	2,867	4,226
Depreciation, Depletion and Amortization
61,489	64,011	59,036	53,365	53,598	51,755	50,536	58,085	50,135	25,602	24,599	24,776	24,922	25,055	24,051	26,452	26,022	24,674	23,734	27,498	25,200	22,062	23,637	24,846	16,113	12,814	12,636	-	-	-	-	11,633	13,296	13,258	13,002
Gain (Loss) on Disposition of Assets
-	-	1,444	-	-	-	3,566	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal or impairment, net
-	-	-	-	-	-	-	-30,468	41,625	-234	2,410	38	1,018	1,685	13,307	12,951	951	-1,372	-1,058	53,225	-1,376	-19,315	58	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation, Depletion and Amortization, Nonproduction
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,188	12,043	11,892	-	-	-	-
Gain on disposal of long-lived assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	162	-	-	-119	0	-	1	72	64
Income (Loss) from Equity Method Investments
9,065	12,695	13,951	16,179	14,528	14,351	12,614	15,120	17,367	17,753	17,091	17,763	15,845	17,078	23,071	20,687	16,237	23,903	20,559	15,827	14,223	19,187	14,962	12,788	7,483	14,861	17,345	13,133	3,116	12,289	7,498	-	-	-	-
Gain (loss) on issuance of equity by equity method investee
-	-	-	-	-	-	-	-	-	-	-	0	0	0	-41	352	136	5,897	0	2,121	18,772	0	8,127	26,873	0	0	0	-	-	-	-	-	-	-	-
Loss on sale or impairment of non-operated equity method investment
-	-	-	-	-	-	-	-	-	-	-	0	0	-9,120	39,764	0	0	-6,623	-7,894	-60,959	26,748	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Distributions from equity method investments
9,075	12,688	13,937	16,136	14,546	14,338	12,605	15,142	17,372	16,933	17,301	17,768	15,884	17,078	25,712	25,531	21,867	22,152	25,879	23,504	25,156	20,180	16,421	23,937	9,916	12,847	16,951	11,387	7,282	10,273	7,498	-	-	-	-
Amortization of debt issuance costs and discount
2,720	2,578	2,098	2,023	2,017	1,815	1,796	1,772	1,561	1,524	1,364	1,372	3,399	1,394	1,396	1,395	1,393	1,248	1,066	1,052	1,009	786	785	789	883	612	448	347	323	311	1,444	7,103	694	19,522	3,019
Loss on early extinguishment of debt
-	-	-	-	-	-	-	0	0	-8	-19,922	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax expense (benefit)
-4,028	-5,941	-11,525	6,518	-3,825	-4,426	10,044	27,995	-38,296	1,106	-634	16,257	10,676	4,156	-22,642	5,728	10,678	13,473	-682	10,955	17,158	-2,483	10,518	13,174	-583	5,931	-54,796	-8,080	-1,455	-624	-1,659	-5,828	-8,501	-1,125	5,607
Non-cash equity compensation
2,824	2,308	2,632	3,190	2,738	3,398	2,196	1,736	2,957	2,803	2,757	3,170	1,537	2,635	2,874	2,857	1,556	3,427	2,777	1,906	2,684	1,466	2,330	2,019	2,052	2,076	1,183	1,671	1,609	1,666	1,557	4,692	1,389	1,311	1,249
Excess tax benefit from equity-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,650	0	0	0	0	-	-	-	-	-	-	-	-
(Gain) loss on fair value of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,076	5,550	18,929	-980	9,405	4,834	6,398	25,796	4,228	24,621	-3,552	-3,987	-	-	-	-
Provision for uncollectible accounts receivable, net of recoveries
-44	203	-287	487	153	-77	-173	-596	461	149	151	24	38	-600	11	816	-299	-692	383	207	60	222	-129	-15	-680	351	-28	513	-1,460	562	70	-2,081	-204	-5,682	546
Foreign Currency Transaction Gain (Loss), before Tax
-801	989	288	-4,876	983	-2,314	-3,294	2,951	747	1,011	0	-1,088	-659	-1,543	-1,469	-132	385	295	519	-302	-128	-167	683	660	457	349	167	60	-355	34	-37	20	2,874	79	477
Inventory Write-down
-	-	-	-	-	-	-	0	0	0	455	0	0	0	0	1,355	0	48	1,187	5,667	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Operating Capital
-44,800	81,888	-5,945	-56,139	21,825	40,998	-52,497	10,155	35,467	-25,547	12,948	28,863	-26,314	10,297	9,120	10,846	-15,550	1,589	16,307	-16,566	12	21,371	18,548	-35,781	-13,409	4,018	5,311	2,991	-6,938	-2,696	20,926	-66,134	94,668	20,631	-60,573
Net Cash Provided by (Used in) Operating Activities
104,833	-22,953	52,839	133,289	39,969	12,866	83,580	48,059	123	64,285	28,009	29,870	63,967	27,238	48,899	44,713	64,092	54,413	18,544	75,758	50,351	26,651	28,898	76,890	41,083	28,133	27,303	27,884	27,606	25,494	-1,342	82,275	-78,831	-8,664	79,261
Cash flows from investing activities:
Capital expenditures
104,688	87,990	96,261	87,343	69,097	102,510	131,784	116,509	135,106	118,850	92,248	108,680	74,842	54,055	74,879	126,714	115,860	152,629	84,327	76,279	66,559	70,915	56,753	83,959	71,773	37,971	21,906	37,196	38,606	27,759	15,758	15,116	18,011	23,028	9,840
Proceeds from sale of long-lived assets
11,138	-436	2,115	1,712	92	138	16	298,183	475	663	15,500	53	-16	74	40	1,151	2,307	113	117	362	63	3,325	695	231	504	377	167	2,294	146	201	0	32	2	649	442
Proceeds from the sale of Wattenberg Holding, LLC and Glass Mountain Holding, LLC to Rose Rock Midstream L.P.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Contributions to equity method investments
5,439	10,608	9,409	315	5,013	2,144	309	7,636	9,181	7,137	2,490	432	308	2,092	1,356	12,671	10,598	8,279	15,182	401	2,753	43,726	24,251	30,405	61,852	45,186	36,425	14,254	60,552	2,503	944	854	626	690	1,547
Payments to Acquire Businesses, Net of Cash Acquired
0	0	488,297	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of common units of equity method investee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	27,306	29,012	19,997	59,744	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from business divestitures
0	0	0	1,052	0	82,905	63,830	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions in excess of equity in earnings of affiliates
5,977	3,323	6,538	3,370	4,094	5,091	6,545	9,478	5,886	9,018	4,392	4,934	9,014	7,704	6,074	4,549	6,487	7,876	5,201	5,169	1,165	2,895	2,505	-845	7,509	4,468	1,114	6,721	5,600	2,365	2,604	2,710	3,222	2,971	3,552
Net Cash Provided by (Used in) Investing Activities
-93,012	-95,711	-585,314	-81,524	-69,924	-16,520	-61,702	182,316	-430,965	-116,306	-74,846	-104,125	-66,152	12,114	-70,121	-133,685	-117,664	-125,613	-65,179	-51,152	-8,340	-152,929	-77,804	-121,233	-481,813	-78,312	-57,050	-30,185	-89,912	-27,696	-14,098	79,826	-15,413	-20,098	-7,393
Cash flows from financing activities:
Debt issuance costs
48	4,852	8,341	0	251	4,010	459	277	4,820	1,387	4,632	269	7,459	0	0	0	0	5,688	601	16	8,515	0	155	3,071	1,602	8,651	1,612	13	562	74	58	-	-	-	-
Proceeds from Issuance of Long-term Debt
44,082	135,016	421,006	119,000	142,000	997,500	0	172,000	803,359	113,000	437,018	20,000	79,000	109,500	174,000	65,000	0	380,208	422,000	180,000	540,414	347,830	186,000	340,000	278,500	420,500	229,474	57,500	95,000	53,500	112,000	110,471	127,000	11,775	14,659
Principal payments on credit facilities and other obligations
72,412	88,677	233,876	463,245	60,851	1,181,552	134,246	340,487	323,211	40,452	348,278	2,896	121,113	162,870	110,011	35,012	13	363,012	162,012	206,011	564,743	203,009	128,509	265,009	209,391	130,006	255,006	43,065	24,761	55,739	98,501	387,764	55,253	40,039	20,133
Excess tax benefit from equity-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,650	0	0	0	0	-	-	-	-	-	-	-	-
Proceeds from Issuance of Common Stock
0	10,974	437,469	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	0	10,648	10,652	10,833	10,630	10,519	10,308	8,953	7,923	7,362	6,811	6,398	6,189	3,962	3,872	3,624	2,748	2,677	2,607	470	-	-	-	-
Proceeds from subsidiary preferred stock issuance, net of offering costs
0	0	223,280	0	0	-55	342,354	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt extinguishment costs
-	-	-	-	-	-	-	0	0	0	16,293	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rose Rock equity issuance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	89,119	0	0	0	0	-	152,475	-135	57,886	-	0	0	0	-	-	-	-
Payments to Noncontrolling Interests
18,407	64,843	7,580	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock for payment of statutory taxes due on equity-based compensation
20	36	680	6	0	318	381	112	95	219	1,047	20	41	97	807	2	5	624	3,630	0	0	0	719	0	0	0	371	0	0	0	242	-	-	-	-
Dividends paid
37,193	30,912	44,824	37,037	37,022	37,193	37,230	35,211	35,221	29,723	29,770	29,572	23,618	19,833	19,887	19,678	18,358	16,632	14,846	13,057	11,521	10,246	9,382	9,042	8,448	7,939	0	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock under employee stock purchase plan
157	229	137	702	-17	221	24	318	254	311	231	236	219	286	269	314	300	296	313	0	252	0	88	0	0	0	0	-	-	-	-	-	-	-	-
Intercompany borrowings (advances), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-	-	-	-
Net cash provided by (used in) financing activities
-50,671	27,420	786,591	-33,518	43,859	-225,407	170,062	-203,769	440,266	41,530	37,229	-13,235	-88,467	144,880	32,731	-8	-28,595	-15,760	321,390	-45,642	-51,389	127,764	42,575	56,689	207,573	270,121	26,747	11,674	67,000	-4,921	12,730	-152,053	71,178	-38,334	-5,474
Effect of exchange rate changes on cash and cash equivalents
-70	611	2,789	-1,580	760	-1,113	-141	-920	2,054	1,170	1,248	-2,042	-1,380	-941	2,884	1,083	-623	218	172	-5,415	1,089	-1,106	1,938	2,287	-891	1,472	323	367	-2,183	1,347	-141	-1,039	1,725	55	-775
Cash and Cash Equivalents, Period Increase (Decrease)
-38,920	-90,633	256,905	16,667	14,664	-230,174	191,799	25,686	11,478	-9,321	-8,360	-89,532	-92,032	183,291	14,393	-87,897	-82,790	-86,742	274,927	-26,451	-8,289	380	-4,393	14,633	-234,048	221,414	-2,677	9,740	2,511	-5,776	-2,851	9,009	-21,341	-67,041	65,619
Change in cash and cash equivalents included in discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,828	250	1,338	-1,552	-	-	-	-
Change in cash and cash equivalents from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,568	2,261	-4,010	-4,403	-	-	-	-