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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net income $ 125,865 $ 185,137
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 75,202 72,192
(Gain) loss on sale of assets 887 (19)
Gain (Loss) on Extinguishment of Debt (25,915) 0
Gain on Sales-type Leases (33,834) (35,166)
Goodwill, Impairment Loss 35,653 0
Amortization of deferred charges 2,479 2,307
Equity-based compensation expense 1,547 1,774
Equity in earnings of equity method investments, net of distributions (238) (263)
(Increase) decrease in operating assets:    
Accounts receivable – trade 4,874 (3,850)
Accounts receivable – affiliates (3,212) 11,016
Prepaid and other current assets (1,885) 1,694
Increase (decrease) in operating liabilities:    
Accounts payable – trade 2,258 2,622
Accounts payable – affiliates (9,815) (7,475)
Accrued interest 8,515 (7,418)
Deferred revenue (3,675) (413)
Accrued property taxes 5,173 7,487
Other current liabilities 544 400
Other, net 1,913 3,160
Net cash provided by operating activities 225,040 228,217
Cash flows from investing activities    
Additions to properties and equipment (38,642) (23,828)
Payments to Acquire Interest in Joint Venture (2,438) 0
Proceeds from sale of assets 961 265
Distributions in excess of equity in earnings of equity investments 701 693
Net cash used for investing activities 39,418 22,870
Cash flows from financing activities    
Borrowings under credit agreement 219,500 269,500
Repayments of credit agreement borrowings (237,000) (257,000)
Early Repayment of Senior Debt (522,500) 0
Proceeds from Issuance of Senior Long-term Debt 500,000 0
Contributions from general partner 611 182
Contribution from Joint Venture Partner 15,382 0
Distributions to HEP unitholders (137,437) (204,701)
Distributions to noncontrolling interests (7,845) (7,750)
Payments on finance leases (2,666) (780)
Payments of Debt Issuance Costs (8,714) 0
Payments for Repurchase of Other Equity 0 (255)
Units withheld for tax withholding obligations (149) (119)
Net cash used by financing activities (180,818) (200,923)
Cash and cash equivalents    
Increase (decrease) for the period 4,804 4,424
Beginning of period 13,287 3,045
End of period $ 18,091 $ 7,469