SEMGROUP CORPORATION SEMG Cash Flow

Semgroup corporation (SEMG)

CashFlow / TTM

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
-18,706	-4,779	5,393	-24,328	-24,681	-52,245	-39,908	-17,150	-7,766	6,702	7,878	13,262	282	14,497	32,143	42,812	56,496	79,112	38,095	52,057	45,949	16,888	36,984	65,812	82,189	78,622	78,353	31,897	9,661	24,432	4,890	2,812	0	0	0
Adjustments to reconcile net loss to net cash provided by operating activities:
Net unrealized loss related to derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,394	259	-305	1,734	-129	-76	-100	974	131	221	-582	-1,196	5,152	6,899	9,742	14,114	0	0	0
Depreciation, Depletion and Amortization
237,901	230,010	217,754	209,254	213,974	210,511	184,358	158,421	125,112	99,899	99,352	98,804	100,480	101,580	101,199	100,882	101,928	101,106	98,494	98,397	95,745	86,658	77,410	66,409	0	0	0	-	-	-	-	51,189	0	0	0
Gain (Loss) on Disposition of Assets
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal or impairment, net
-	-	-	-	-	-	-	13,333	43,839	3,232	5,151	16,048	28,961	28,894	25,837	11,472	51,746	49,419	31,476	32,592	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation, Depletion and Amortization, Nonproduction
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Gain on disposal of long-lived assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	0	0	0
Income (Loss) from Equity Method Investments
51,890	57,353	59,009	57,672	56,613	59,452	62,854	67,331	69,974	68,452	67,777	73,757	76,681	77,073	83,898	81,386	76,526	74,512	69,796	64,199	61,160	54,420	50,094	52,477	52,822	48,455	45,883	36,036	0	0	0	-	-	-	-
Gain (loss) on issuance of equity by equity method investee
-	-	-	-	-	-	-	-	-	-	-	-41	311	447	6,344	6,385	8,154	26,790	20,893	29,020	53,772	35,000	35,000	26,873	0	0	0	-	-	-	-	-	-	-	-
Loss on sale or impairment of non-operated equity method investment
-	-	-	-	-	-	-	-	-	-	-	30,644	30,644	30,644	33,141	-14,517	-75,476	-48,728	-42,105	-34,211	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Distributions from equity method investments
51,836	57,307	58,957	57,625	56,631	59,457	62,052	66,748	69,374	67,886	68,031	76,442	84,205	90,188	95,262	95,429	93,402	96,691	94,719	85,261	85,694	70,454	63,121	63,651	51,101	48,467	45,893	36,440	0	0	0	-	-	-	-
Amortization of debt issuance costs and discount
9,419	8,716	7,953	7,651	7,400	6,944	6,653	6,221	5,821	7,659	7,529	7,561	7,584	5,578	5,432	5,102	4,759	4,375	3,913	3,632	3,369	3,243	3,069	2,732	2,290	1,730	1,429	2,425	9,181	9,552	28,763	30,338	0	0	0
Loss on early extinguishment of debt
-	-	-	-	-	-	-	-19,930	-19,930	-19,930	-19,922	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax expense (benefit)
-14,976	-14,773	-13,258	8,311	29,788	-4,683	849	-9,829	-21,567	27,405	30,455	8,447	-2,082	-2,080	7,237	29,197	34,424	40,904	24,948	36,148	38,367	20,626	29,040	-36,274	-57,528	-58,400	-64,955	-11,818	-9,566	-16,612	-17,113	-9,847	0	0	0
Non-cash equity compensation
10,954	10,868	11,958	11,522	10,068	10,287	9,692	10,253	11,687	10,267	10,099	10,216	9,903	9,922	10,714	10,617	9,666	10,794	8,833	8,386	8,499	7,867	8,477	7,330	6,982	6,539	6,129	6,503	9,524	9,304	8,949	8,641	0	0	0
Excess tax benefit from equity-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,650	1,650	1,650	1,650	0	0	0	0	-	-	-	-	-	-	-	-
(Gain) loss on fair value of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,423	32,904	32,188	19,657	46,433	41,256	61,043	51,093	21,310	0	0	0	-	-	-	-
Provision for uncollectible accounts receivable, net of recoveries
359	556	276	390	-693	-385	-159	165	785	362	-387	-527	265	-72	-164	208	-401	-42	872	360	138	-602	-473	-372	156	-624	-413	-315	-2,909	-1,653	-7,897	-7,421	0	0	0
Foreign Currency Transaction Gain (Loss), before Tax
-4,400	-2,616	-5,919	-9,501	-1,674	-1,910	1,415	4,709	670	-736	-3,290	-4,759	-3,803	-2,759	-921	1,067	897	384	-78	86	1,048	1,633	2,149	1,633	1,033	221	-94	-298	-338	2,891	2,936	3,450	0	0	0
Inventory Write-down
-	-	-	-	-	-	-	455	455	455	455	0	1,355	1,355	1,403	2,590	6,902	6,902	6,854	5,667	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Operating Capital
-24,996	41,629	739	-45,813	20,481	34,123	-32,422	33,023	51,731	-10,050	25,794	21,966	3,949	14,713	6,005	13,192	-14,220	1,342	21,124	23,365	4,150	-9,271	-26,624	-39,861	-1,089	5,382	-1,332	14,283	-54,842	46,764	70,091	-11,408	0	0	0
Net Cash Provided by (Used in) Operating Activities
268,008	203,144	238,963	269,704	184,474	144,628	196,047	140,476	122,287	186,131	149,084	169,974	184,817	184,942	212,117	181,762	212,807	199,066	171,304	181,658	182,790	173,522	175,004	173,409	124,403	110,926	108,287	79,642	134,033	27,596	-6,562	74,041	0	0	0
Cash flows from investing activities:
Capital expenditures
376,282	340,691	355,211	390,734	419,900	485,909	502,249	462,713	454,884	394,620	329,825	312,456	330,490	371,508	470,082	479,530	429,095	379,794	298,080	270,506	278,186	283,400	250,456	215,609	168,846	135,679	125,467	119,319	97,239	76,644	71,913	65,995	0	0	0
Proceeds from sale of long-lived assets
14,529	3,483	4,057	1,958	298,429	298,812	299,337	314,821	16,691	16,200	15,611	151	1,249	3,572	3,611	3,688	2,899	655	3,867	4,445	4,314	4,755	1,807	1,279	3,342	2,984	2,808	2,641	379	235	683	1,125	0	0	0
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
25,771	25,345	16,881	7,781	15,102	19,270	24,263	26,444	19,240	10,367	5,322	4,188	16,427	26,717	32,904	46,730	34,460	26,615	62,062	71,131	101,135	160,234	161,694	173,868	157,717	156,417	113,734	78,253	64,853	4,927	3,114	3,717	0	0	0
Payments to Acquire Businesses, Net of Cash Acquired
488,297	488,297	488,297	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of common units of equity method investee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	56,318	76,315	136,059	108,753	79,741	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from business divestitures
1,052	1,052	83,957	147,787	146,735	146,735	63,830	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions in excess of equity in earnings of affiliates
19,208	17,325	19,093	19,100	25,208	27,000	30,927	28,774	24,230	27,358	26,044	27,726	27,341	24,814	24,986	24,113	24,733	19,411	14,430	11,734	5,720	12,064	13,637	12,246	19,812	17,903	15,800	17,290	13,279	10,901	11,507	12,455	0	0	0
Net Cash Provided by (Used in) Investing Activities
-855,561	-832,473	-753,282	-229,670	34,170	-326,871	-426,657	-439,801	-726,242	-361,429	-233,009	-228,284	-257,844	-309,356	-447,083	-442,141	-359,608	-250,284	-277,600	-290,225	-360,306	-833,779	-759,162	-738,408	-647,360	-255,459	-204,843	-161,891	-51,880	22,619	30,217	36,922	0	0	0
Cash flows from financing activities:
Debt issuance costs
13,241	13,444	12,602	4,720	4,997	9,566	6,943	11,116	11,108	13,747	12,360	7,728	7,459	0	5,688	6,289	6,305	14,820	9,132	8,686	11,741	4,828	13,479	14,936	11,878	10,838	2,261	707	0	0	0	-	-	-	-
Proceeds from Issuance of Long-term Debt
719,104	817,022	1,679,506	1,258,500	1,311,500	1,972,859	1,088,359	1,525,377	1,373,377	649,018	645,518	382,500	427,500	348,500	619,208	867,208	982,208	1,522,622	1,490,244	1,254,244	1,414,244	1,152,330	1,225,000	1,268,474	985,974	802,474	435,474	318,000	370,971	402,971	361,246	263,905	0	0	0
Principal payments on credit facilities and other obligations
858,210	846,649	1,939,524	1,839,894	1,717,136	1,979,496	838,396	1,052,428	714,837	512,739	635,157	396,890	429,006	307,906	508,048	560,049	731,048	1,295,778	1,135,775	1,102,272	1,161,270	805,918	732,915	859,412	637,468	452,838	378,571	222,066	566,765	597,257	581,557	503,189	0	0	0
Excess tax benefit from equity-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,650	1,650	1,650	1,650	0	0	0	0	-	-	-	-	-	-	-	-
Proceeds from Issuance of Common Stock
448,443	448,443	437,469	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	32,133	42,763	42,634	42,290	40,410	37,703	34,546	31,049	28,494	26,760	23,360	20,421	17,647	14,206	12,921	11,656	8,502	0	0	0	-	-	-	-
Proceeds from subsidiary preferred stock issuance, net of offering costs
223,280	223,280	223,225	342,299	342,299	342,299	342,354	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt extinguishment costs
-	-	-	-	-	-	-	16,293	16,293	16,293	16,293	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rose Rock equity issuance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	89,119	89,119	89,119	89,119	0	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-
Payments to Noncontrolling Interests
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock for payment of statutory taxes due on equity-based compensation
742	722	1,004	705	811	906	807	1,473	1,381	1,327	1,205	965	947	911	1,438	4,261	4,259	4,254	3,630	719	719	719	719	371	371	371	371	242	0	0	0	-	-	-	-
Dividends paid
149,966	149,795	156,076	148,482	146,656	144,855	137,385	129,925	124,286	112,683	102,793	92,910	83,016	77,756	74,555	69,514	62,893	56,056	49,670	44,206	40,191	37,118	34,811	25,429	0	0	0	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock under employee stock purchase plan
1,225	1,051	1,043	930	546	817	907	1,114	1,032	997	972	1,010	1,088	1,169	1,179	1,223	909	861	565	340	340	88	88	0	0	0	0	-	-	-	-	-	-	-	-
Intercompany borrowings (advances), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Net cash provided by (used in) financing activities
729,822	824,352	571,525	-45,004	-215,255	181,152	448,089	315,256	505,790	-22,943	80,407	75,909	89,136	149,008	-11,632	277,027	231,393	208,599	352,123	73,308	175,639	434,601	576,958	561,130	516,115	375,542	100,500	86,483	-77,244	-73,066	-106,479	-124,683	0	0	0
Effect of exchange rate changes on cash and cash equivalents
1,750	2,580	856	-2,074	-1,414	-120	2,163	3,552	2,430	-1,004	-3,115	-1,479	1,646	2,403	3,562	850	-5,648	-3,936	-5,260	-3,494	4,208	2,228	4,806	3,191	1,271	-21	-146	-610	-2,016	1,892	600	-34	0	0	0
Cash and Cash Equivalents, Period Increase (Decrease)
144,019	197,603	58,062	-7,044	1,975	-1,211	219,642	19,483	-95,735	-199,245	-6,633	16,120	17,755	26,997	-243,036	17,498	78,944	153,445	240,567	-38,753	2,331	-223,428	-2,394	-678	-5,571	230,988	3,798	3,624	2,893	-20,959	-82,224	-13,754	0	0	0
Change in cash and cash equivalents included in discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,792	0	0	0	-	-	-	-
Change in cash and cash equivalents from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,416	0	0	0	-	-	-	-