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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income $ 104,866 $ 100,953
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 49,012 48,071
(Gain) loss on sale of assets 797 48
Gain (Loss) on Extinguishment of Debt (25,915) 0
Gain on Sales-type Leases 33,834 0
Amortization of deferred charges 1,641 1,535
Equity-based compensation expense 980 1,246
Equity in earnings of equity method investments, net of distributions (1,298) (526)
(Increase) decrease in operating assets:    
Accounts receivable – trade 3,803 (2,742)
Accounts receivable – affiliates 131 704
Prepaid and other current assets (216) 426
Increase (decrease) in operating liabilities:    
Accounts payable – trade 4,959 420
Accounts payable – affiliates (9,452) (6,489)
Accrued interest 2,523 27
Deferred revenue (2,378) (339)
Accrued property taxes 1,727 3,658
Other current liabilities 669 0
Other, net 1,137 3,733
Net cash provided by operating activities 134,594 144,989
Cash flows from investing activities    
Additions to properties and equipment (30,740) (17,752)
Payments to Acquire Interest in Joint Venture (2,400) 0
Proceeds from sale of assets 816 194
Distributions in excess of equity in earnings of equity investments 470 299
Net cash used for investing activities 31,854 17,259
Cash flows from financing activities    
Borrowings under credit agreement 168,000 175,000
Repayments of credit agreement borrowings (138,500) (156,500)
Early Repayment of Senior Debt (522,500) 0
Proceeds from Issuance of Senior Long-term Debt 500,000 0
Contributions from general partner 435 0
Contribution from Joint Venture Partner 13,263 0
Distributions to HEP unitholders (102,979) (136,207)
Distributions to noncontrolling interests (4,000) (5,250)
Payments on finance leases (1,972) (503)
Payments of Debt Issuance Costs (8,714) 0
Payments for Repurchase of Other Equity 0 (255)
Units withheld for tax withholding obligations (147) (119)
Net cash used by financing activities (97,114) (123,834)
Cash and cash equivalents    
Increase (decrease) for the period 5,626 3,896
Beginning of period 13,287 3,045
End of period $ 18,913 $ 6,941