Transmontaigne partners llc (TLP)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net earnings

45,914

24,380

31,554

44,106

41,689

32,463

34,726

38,572

46,520

27,242

27,252

Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization

52,535

49,793

36,188

32,383

30,650

29,522

29,568

28,260

27,654

27,869

26,306

Loss on disposition of assets

-

-901

-

-

-

-

-

-

-

-

-

Loss on disposition of assets

-

-

-

-

-

-

-1,294

-

9,576

-765

1

Earnings from unconsolidated affiliates

4,894

8,852

7,071

10,029

11,948

4,443

-321

558

113

-

-

Distributions from unconsolidated affiliates

11,432

15,565

17,128

17,861

19,649

10,053

1,467

1,435

852

-

-

Equity-based compensation

45

3,478

2,999

3,263

1,411

721

337

398

419

385

213

Amortization of deferred debt issuance costs

2,657

3,037

1,221

818

774

975

975

767

1,055

598

598

Amortization of deferred revenue

714

324

333

248

-

-

-

-

-

-

-

Amortization of deferred revenue

-

-

-

-

1,268

2,437

3,672

4,624

4,508

3,817

2,461

Unrealized (gain) loss on derivative instruments

-623

-433

232

344

-

-

-

-

1,250

1,440

-562

Gain from insurance proceeds

3,351

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Impairment of goodwill

-

-

-

-

-

-

-

-

-

8,465

-

Trade accounts receivable, net

2,451

3,696

807

2,987

-3,386

2,838

1,518

640

-2,083

-319

-377

Due from affiliates

819

-690

1,989

-427

-236

-941

-778

-1,662

-1,497

-2,248

-18,069

Other current assets

152

-3,116

-1,353

7,082

-655

-413

-472

-203

-2,188

-738

-1,174

Amounts due under long-term terminaling services agreements, net

-1,268

-1,160

-801

-337

-

-

-

-

-

-

-

Right-of-use assets, operating leases

2,235

-

-

-

-

-

-

-

-

-

-

Deposits

10

-456

-

-193

-

-

-

-

-

-

-

Due to affiliates

-

-

-

-

-

-

-

-

-89

-32

896

Other assets, net

-1,257

-

-

-

-

-

-

-

-

-

-

Amounts due under long-term terminaling services agreements, net

-

-

-

-

-1,144

-1,298

792

552

-579

-7

-1,466

Deposits

-

-

-

-

-19

-

135

-

-

-

-

Trade accounts payable

-880

3,092

2,047

-2,092

-155

615

-2,322

2,623

-1,580

692

3,684

Accrued liabilities

-2,068

10,893

3,178

2,887

1,276

-6,354

882

-4,339

1,518

1,311

-3,158

Operating lease liabilities

-2,058

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

100,589

103,210

86,037

79,107

87,480

60,929

64,235

64,311

66,091

65,336

72,045

Cash flows from investing activities:
Acquisition of terminal assets

-

-

276,760

12,000

-

-

-

-

12,781

1,633

-

Investments in unconsolidated affiliates

4,932

1,413

2,145

2,225

4,726

43,681

108,229

80,166

1,021

-

-

Return of investment in unconsolidated affiliates

-

850

-

-

-

-

-

-

-

-

-

Capital expenditures

91,023

66,331

58,050

54,864

29,427

7,021

13,838

23,565

41,173

33,290

30,245

Proceeds from sale of assets

-

10,025

-

-

-

-

-

-

-

-

-

Proceeds from insurance claims

4,988

-

-

-

-

-

-

-

-

-

-

Proceeds in return for contribution of assets to unconsolidated affiliate

-

-

-

-

-

-

-

-

25,593

-

-

Proceeds from sale of assets

-

-

-

-

-

-

2,109

18,000

10,816

5,181

2

Purchase of common units by our long-term incentive plan

-

-

-

-

-

-

585

454

529

542

153

Net cash used in investing activities

-90,967

-56,869

-336,955

-69,089

-34,153

-50,702

-119,958

-85,731

-18,566

-37,508

-37,742

Cash flows from financing activities:
Proceeds from senior notes

-

300,000

-

-

-

-

-

-

-

-

-

Capital expenditures-maintain existing facilities

-

-

-

-

-

-

-

-

-

7,675

7,468

Other

-

-

-

-

-

-

-

-

-

91

31

Borrowings under revolving credit facility

174,900

166,400

442,100

199,900

101,900

136,700

168,500

147,000

80,343

53,000

51,500

Repayments under revolving credit facility

130,200

453,600

140,700

156,100

105,900

96,700

140,500

83,000

82,343

96,000

52,000

Debt issuance costs

-

7,871

7,695

-

-

-

-

-

-

-

-

Deferred financing costs

-

-

-

-

1,356

-

-

736

3,575

-

-

Deferred issuance costs

-

-

-

806

-

-

-

-

-

-

-

Taxes paid for equity compensation awards

-

658

711

-

-

-

-

-

-

-

-

Distributions paid to unitholders

17,250

66,824

59,334

53,109

50,502

49,844

45,471

41,846

39,501

37,578

31,881

Distributions to TLP Finance

42,328

-

-

-

-

-

-

-

-

-

-

Purchase of common units by our long-term incentive plan

-

-

-

-

92

342

-

-

-

-

-

Net proceeds from issuance of common units

-

-

-

-

-

-

68,774

-

-

50,971

-

Contributions from TLP Holdings

5,320

16,269

17,215

9

-

-

1,474

-

-

1,093

-

Foreign currency translation effect on cash

-

-

-

-

-

-

49

63

-135

13

4

Net cash provided by (used in) financing activities

-9,558

-46,284

250,875

-10,106

-55,950

-10,186

52,192

20,964

-45,605

-29,056

-32,534

Increase (decrease) in cash and cash equivalents

64

57

-43

-

-

-

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

-

-

-

-88

-2,623

41

-3,531

-456

1,920

-1,228

1,769

Supplemental disclosures of cash flow information:
Cash paid for interest

35,667

24,635

10,077

8,097

7,298

5,496

2,604

2,886

3,865

5,258

6,769

Property, plant and equipment acquired with accounts payable

16,869

19,353

3,207

5,114

5,966

1,273

718

3,473

3,044

-

-