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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Payments to Acquire Machinery and Equipment   $ 103
Cash flows from operating activities    
Net income $ 48,635 27,879
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 25,142 18,777
(Gain) loss on sale of assets (22) (58)
Amortization of deferred charges 757 770
Equity-based compensation expense 837 433
Equity in earnings of equity method investments, net of distributions 243 273
Loss on early extinguishment of debt 0 12,225
(Increase) decrease in operating assets:    
Accounts receivable – trade (1,731) 375
Accounts receivable – affiliates 9,870 7,733
Prepaid and other current assets (697) (282)
Increase (decrease) in operating liabilities:    
Accounts payable – trade (814) (1,122)
Accounts payable – affiliates (3,016) 9,943
Accrued interest (7,177) (13,551)
Deferred revenue 687 551
Accrued property taxes 1,484 9
Other current liabilities 375 (328)
Other, net (85) (106)
Net cash provided by operating activities 80,520 43,635
Cash flows from investing activities    
Additions to properties and equipment (12,612) (8,265)
Proceeds from sale of assets 22 424
Distributions in excess of equity in earnings of equity investments 358 3,016
Net cash used for investing activities (12,232) (4,825)
Cash flows from financing activities    
Borrowings under credit agreement 227,000 380,000
Repayments of credit agreement borrowings (343,500) (86,000)
Redemption of 6.5% Senior Notes 0 (309,750)
Proceeds from Issuance of common units 114,529 37,563
Distributions to HEP unitholders (63,496) (54,805)
Distributions to noncontrolling interests (2,000) (2,000)
Distribution to HFC for El Dorado tanks 0 (103)
Contributions from general partner 297 0
Units withheld for tax withholding obligations (58) (35)
Deferred financing costs (6) 0
Other (277) (330)
Net cash used by financing activities (67,499) (35,460)
Cash and cash equivalents    
Increase (decrease) for the period 789 3,350
Beginning of period 7,776 3,657
End of period $ 8,565 $ 7,007