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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities      
Net income $ 77,997 $ 58,869 $ 66,014
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 33,150 30,682 27,597
Equity in earnings of SLC Pipeline, net of distributions 135 482 (419)
Change in fair value – interest rate swaps 0 1,464 175
Noncontrolling interest in earnings of Rio Grande Pipeline Company 0 0 1,579
Amortization of restricted and performance units 2,046 2,214 699
Gain on sale of interest in Rio Grande Pipeline Company 0 0 (14,479)
Operating costs of acquired assets for period prior to acquisition 2,348 0 0
(Increase) decrease in current assets:      
Accounts receivable – trade 489 1,149 388
Accounts receivable – affiliates (12,051) (4,890) (4,679)
Prepaid and other current assets (1,406) (36) (146)
Current assets of discontinued operations 0 2,195 0
Increase (decrease) in current liabilities:      
Accounts payable – trade (767) 2,487 (1,956)
Accounts payable – affiliates 1,409 1,540 149
Accrued interest 763 4,654 18
Deferred revenue (6,405) 2,035 (7,256)
Accrued property taxes 206 918 (74)
Other current liabilities 515 5 (248)
Other, net (5,310) (600) 833
Net cash provided by operating activities 93,119 103,168 68,195
Cash flows from investing activities      
Additions to properties and equipment (39,337) (25,103) (32,999)
Acquisition of tankage and terminal assets from HollyFrontier Corporation 0 (35,526) (95,080)
Acquisition of logistics assets from Sinclair Oil Company 0 0 (25,665)
Investment in SLC Pipeline 0 0 (25,500)
Proceeds from sale of interest in Rio Grande Pipeline Company, net of transferred cash 0 0 31,865
Net cash used for investing activities (39,337) (60,629) (147,379)
Cash flows from financing activities      
Borrowings under credit agreement 118,000 66,000 239,000
Repayments of credit agreement borrowings (77,000) (113,000) (233,000)
Repayments of promissory notes (77,100) 0 0
Proceeds from issuance of senior notes 0 147,540 0
Proceeds from issuance of common units 75,815 0 133,301
Capital contribution from general partner 5,887 0 3,812
Distributions to unitholders (91,506) (84,426) (61,188)
Distributions to noncontrolling interest 0 0 (1,500)
Purchase price in excess of transferred basis in assets acquired from HollyFrontier Corporation 0 (57,560) (3,120)
Purchase of units for incentive grants (1,641) (2,704) (616)
Deferred financing costs (3,150) (494) 0
Other (221) 0 (266)
Net cash provided by (used for) financing activities (50,916) (44,644) 76,423
Cash and cash equivalents      
Increase (decrease) for the year 2,866 (2,105) (2,761)
Beginning of year 403 2,508 5,269
End of year $ 3,269 $ 403 $ 2,508