TRANSMONTAIGNE PARTNERS LLC TLP Cash Flow

Transmontaigne partners llc (TLP)

CashFlow / TTM

Mar'20	Dec'19	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	Sep'10	Jun'10
Cash flows from operating activities:
Net earnings
53,822	45,914	30,788	24,420	16,721	24,380	18,503	21,507	30,774	31,554	51,599	52,518	48,350	44,106	42,572	38,399	40,277	41,689	35,887	34,695	33,347	32,463	35,558	35,042	32,426	34,726	32,689	36,538	39,968	38,572	42,149	39,962	45,336	46,520	46,389	48,907	0	0	0
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization
53,524	52,535	51,506	50,519	50,637	49,793	47,217	43,724	39,291	36,188	34,594	33,881	33,153	32,383	32,294	31,836	31,248	30,650	29,850	29,539	29,459	29,522	29,573	29,565	29,629	29,568	29,469	29,189	28,669	28,260	27,903	27,664	27,446	27,654	27,739	27,828	0	0	0
Loss on disposition of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	0	-	-	-
Earnings from unconsolidated affiliates
5,907	4,894	5,498	5,884	7,103	8,852	7,702	7,724	7,400	7,071	9,653	10,729	10,739	10,029	9,124	8,355	11,742	11,948	11,116	10,578	6,336	4,443	2,500	1,081	-198	-321	176	159	491	558	367	383	0	-	0	0	-	-	-
Distributions from unconsolidated affiliates
10,410	11,432	12,147	14,419	15,288	15,565	16,200	15,394	15,969	17,128	18,294	18,550	18,075	17,861	16,850	19,903	20,142	19,649	19,818	15,567	12,945	10,053	6,287	3,356	2,039	1,467	1,120	1,153	1,243	1,435	1,849	0	0	-	0	-	-	-	-
Equity-based compensation
-	45	582	1,065	1,506	3,478	3,227	3,288	3,199	2,999	3,312	3,019	2,925	3,263	2,820	2,714	3,543	1,411	1,278	1,717	692	721	750	247	300	337	362	395	380	398	428	421	428	419	410	401	0	0	0
Amortization of deferred debt issuance costs
2,550	2,657	2,643	2,629	3,286	3,037	2,748	2,446	1,428	1,221	1,089	973	907	818	781	744	664	774	850	927	1,046	975	975	975	975	975	937	880	823	767	750	750	750	1,055	1,017	980	0	0	0
Amortization of deferred revenue
720	714	-102	195	164	324	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred revenue
-	-	-	-	-	-	-	-	-	-	31	-31	101	-	692	1,021	1,157	1,268	1,520	1,593	2,006	2,437	2,615	2,898	3,306	3,672	4,151	4,531	4,586	4,624	6,795	6,756	6,756	4,508	0	0	0	-	-
Unrealized (gain) loss on derivative instruments
-752	-623	-977	-960	-534	-433	-194	-115	-68	232	1,056	1,699	1,396	344	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	1,250	1,591	2,118	0	0	0
Gain from insurance proceeds
-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Trade accounts receivable, net
-5,301	2,451	626	4,495	6,241	3,696	3,459	2,024	1,025	807	917	1,847	1,532	2,987	756	-3,075	-1,553	-3,386	-4,088	1,407	1,639	2,838	5,427	2,625	-357	1,518	1,867	658	3,172	640	-80	1,664	-1,911	-2,083	628	-974	0	0	0
Due from affiliates
264	819	167	-2,701	-2,557	-690	374	3,106	3,973	1,989	302	893	283	-427	249	-336	-514	-236	-104	-2,597	-1,287	-941	-749	799	-771	-778	-2,998	-1,382	-298	-1,662	639	142	-2,105	-1,497	-2,901	-4,363	0	0	0
Other current assets
1,143	152	275	481	-2,414	-3,116	-1,104	-985	2,162	-1,353	2,384	4,318	5,379	7,082	1,094	36	-375	-655	-867	-870	-515	-413	-1,131	-970	-1,894	-472	-125	-1,725	1,196	-203	-258	355	-1,530	-2,188	-1,275	-213	0	0	0
Amounts due under long-term terminaling services agreements, net
-1,319	-1,268	-1,592	-1,543	-1,554	-1,160	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use assets, operating leases
2,280	2,235	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposits
6	10	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due to affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	0	0	0	-	0	0	0	-	-	-177	0	-	0	0	-	0	0
Other assets, net
-1,032	-1,257	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts due under long-term terminaling services agreements, net
-	-	-	-	-	-	-	-	-	-	-977	-84	-286	-	-1,678	-1,411	-1,138	-1,144	-1,490	-1,572	-1,534	-1,298	715	762	775	792	1,101	927	718	552	282	-16	-343	-579	-122	-359	0	0	0
Amortization of deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Deposits
-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Trade accounts payable
-1,238	-880	-751	-305	2,336	3,092	-766	770	2,757	2,047	2,004	175	-254	-2,092	-2,008	0	274	-155	2,405	-1,171	-131	615	-1,573	325	-2,573	-2,322	2,340	2,439	5,335	2,623	878	-1,796	-1,913	-1,580	-5,551	-2,272	0	0	0
Accrued liabilities
-5,531	-2,068	-4,165	-1,203	3,541	10,893	7,690	9,641	738	3,178	-285	2,104	5,354	2,887	3,923	2,830	301	1,276	2,598	743	-705	-6,354	-3,629	-6,178	229	882	-4,588	1,169	-2,823	-4,339	-923	-3,575	-2,579	1,518	4,665	4,967	0	0	0
Operating lease liabilities
-1,969	-2,058	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
110,873	100,589	86,741	83,488	87,344	103,210	84,684	85,664	80,068	86,037	97,087	91,603	89,227	79,107	85,319	92,176	87,674	87,480	86,934	73,135	69,628	60,929	59,982	58,743	64,342	64,235	61,875	70,819	66,016	64,311	67,191	58,037	60,904	66,091	63,271	70,077	0	0	0
Cash flows from investing activities:
Investments in unconsolidated affiliates
-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of terminal assets
-	-	-	-	-	-	-	-	-	-	-	-	-	12,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,781	14,414	0	0	-	0
Investments in unconsolidated affiliates
-	-	2,954	1,450	-	1,413	1,264	1,264	1,295	2,145	2,145	2,145	2,000	2,225	6,451	0	0	-	0	-	-	43,681	57,541	60,670	69,283	108,229	94,868	0	0	-	0	-	-	-	0	0	-	-	-
Return of investment in unconsolidated affiliates
-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to investment in the BOSTCO project
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-
Capital expenditures
74,570	91,023	93,257	91,664	90,170	66,331	59,214	51,369	55,053	58,050	58,086	59,543	54,881	54,864	38,994	37,639	32,166	29,427	28,221	20,163	12,042	7,021	5,614	6,074	9,789	13,838	22,274	26,075	25,179	23,565	41,978	39,604	39,619	41,173	15,245	17,635	0	0	0
Proceeds from insurance claims
-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds in return for contribution of assets to unconsolidated affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Proceeds from sale of assets
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	18,000	0	0	0	-	-	-	-	-	-
Purchase of common units by our long-term incentive plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	349	596	598	585	564	505	469	454	445	477	489	529	806	570	0	0	0
Net cash used in investing activities
-74,289	-90,967	-91,223	-88,126	-89,808	-56,869	-326,363	-318,518	-323,083	-336,955	-60,231	-61,688	-56,881	-69,089	-53,719	-56,590	-51,117	-34,153	-32,448	-40,447	-37,706	-50,702	-63,155	-64,635	-76,963	-119,958	-190,267	-174,561	-161,407	-85,731	-5,840	-7,112	15,841	-18,566	-17,765	-17,771	0	0	0
Cash flows from financing activities:
Proceeds from senior notes
-	-	-	-	-	300,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures-maintain existing facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	6,590	6,495	0	0	0
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Borrowings under revolving credit facility
170,400	174,900	177,600	178,100	177,000	166,400	463,200	440,500	442,700	442,100	161,400	182,200	187,500	199,900	178,100	168,700	139,500	101,900	88,700	118,700	118,500	136,700	134,500	105,000	116,000	168,500	248,500	232,000	217,000	147,000	63,000	64,000	68,100	80,343	0	0	0	-	-
Repayments under revolving credit facility
148,500	130,200	125,700	124,700	127,400	453,600	474,200	456,200	445,000	140,700	129,700	148,200	159,100	156,100	157,400	157,700	125,400	105,900	91,100	95,700	102,500	96,700	89,500	125,000	128,000	140,500	143,500	84,500	77,500	83,000	81,000	73,000	101,600	82,343	0	0	0	-	-
Debt issuance costs
-	-	-	-	-	7,871	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net borrowings (repayments) of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	0	0	-	-	-	-	-	0	0	0	-	-	-	-	3,575	0	0	0	-	-
Deferred issuance costs
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes paid for equity compensation awards
-	-	-	-	-	658	658	962	670	711	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid to unitholders
-	17,250	34,499	51,417	68,011	66,824	65,154	63,314	61,310	59,334	57,519	55,879	54,404	53,109	51,976	51,162	50,670	50,502	50,496	50,493	50,332	49,844	49,356	48,868	47,008	45,471	43,934	42,405	42,126	41,846	41,276	40,648	40,074	39,501	38,853	38,344	0	0	0
Distributions to TLP Finance
0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of common units by our long-term incentive plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from issuance of common units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	0
Contributions from TLP Holdings
603	5,320	12,565	17,220	21,080	16,269	25,718	21,071	17,211	17,215	33	26	26	9	0	0	0	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency translation effect on cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49	44	97	9	63	38	-155	-83	-135	-92	34	0	0	0
Net cash provided by (used in) financing activities
-33,510	-9,558	2,076	4,827	1,847	-46,284	239,161	230,893	242,938	250,875	-32,444	-27,978	-31,839	-10,106	-31,950	-40,604	-37,341	-55,950	-54,421	-29,111	-35,656	-10,186	-4,723	1,182	10,814	52,192	130,032	103,456	95,997	20,964	-59,721	-50,125	-74,069	-45,605	-47,234	-53,000	0	0	0
Increase (decrease) in cash and cash equivalents
3,074	64	1,653	1,357	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	296	-	4,412	1,937	507	-88	-350	-5,018	-784	-2,623	65	3,577	-3,734	41	-7,896	-4,710	-1,807	-3,531	1,640	-286	606	-456	1,630	800	2,676	1,920	-1,728	-694	0	0	0
Supplemental disclosures of cash flow information:
Cash paid for interest
36,045	35,667	35,371	34,966	33,479	24,635	23,588	13,117	12,226	10,077	9,328	8,689	8,187	8,097	8,061	7,772	7,810	7,298	7,123	6,836	6,166	5,496	4,329	3,435	2,951	2,604	2,773	2,873	2,787	2,886	2,240	2,231	3,149	3,865	4,959	5,606	0	0	0
Property, plant and equipment acquired with accounts payable
22,520	16,869	28,964	27,037	27,055	19,353	7,329	1,998	-1,556	3,207	3,832	9,394	9,059	5,114	16,050	8,170	7,182	5,966	5,777	4,880	3,286	1,273	-311	-448	-277	718	2,890	3,749	4,339	3,473	0	0	0	-	-	-	-	-	-
Non-cash investments in unconsolidated affiliates
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-