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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net income $ 67,974 $ 52,230
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 29,757 31,470
Gain on sale of assets (209) 0
Amortization of deferred charges 930 947
Amortization of restricted and performance units 1,762 1,658
Loss on early extinguishment of debt 0 7,677
(Increase) decrease in operating assets:    
Accounts receivable – trade (4,514) (1,446)
Accounts receivable – affiliates 5,064 1,823
Prepaid and other current assets (311) 128
Increase (decrease) in operating liabilities:    
Accounts payable – trade (1,610) 1,280
Accounts payable – affiliates 2,573 (4,495)
Accrued interest 168 (3,552)
Deferred revenue 3,600 2,315
Accrued property taxes 1,632 1,912
Other current liabilities (242) 1,153
Other, net 3,890 (737)
Net cash provided by operating activities 110,464 92,363
Cash flows from investing activities    
Additions to properties and equipment (22,943) (38,574)
Purchase of equipment (27,500) 0
Proceeds from sale of assets 965 0
Distributions in excess of equity in earnings of SLC Pipeline 198 105
Net cash used for investing activities (49,280) (38,469)
Cash flows from financing activities    
Borrowings under credit agreement 254,100 477,100
Repayments of credit agreement borrowings (221,100) (297,100)
Redemption of senior notes 0 (156,188)
Distributions to HEP unitholders (82,614) (75,577)
Distributions to noncontrolling interests (2,875) (2,000)
Purchase of units for incentive grants (247) (406)
Other (854) (9)
Net cash used for financing activities (53,590) (54,180)
Cash and cash equivalents    
Increase (decrease) for the period 7,594 (286)
Beginning of period 2,830 6,352
End of period $ 10,424 $ 6,066