XML 49 R5.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated statements of cash flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net earnings $ 12,423 $ 4,515
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 13,641 12,652
Earnings from unconsolidated affiliates (2,153) (1,140)
Distributions from unconsolidated affiliates 1,891 2,913
Equity-based compensation   45
Amortization of deferred debt issuance costs 643 750
Amortization of deferred revenue (33) (27)
Unrealized (gain) loss on derivative instruments 272 143
Changes in operating assets and liabilities:    
Trade accounts receivable, net 5,209 (2,543)
Due from affiliates 128 (427)
Other current assets (3,492) (2,501)
Amounts due under long-term terminaling services agreements, net 473 422
Right-of-use assets, operating leases 639 594
Deposits 6 10
Other assets, net (41) 184
Trade accounts payable 460 818
Accrued liabilities (10,588) (7,125)
Operating lease liabilities (666) (755)
Net cash provided by operating activities 18,812 8,528
Cash flows from investing activities:    
Investments in unconsolidated affiliates   (225)
Capital expenditures (13,889) (30,342)
Net cash used in investing activities (13,889) (30,567)
Cash flows from financing activities:    
Borrowings under revolving credit facility 52,700 57,200
Repayments under revolving credit facility (41,700) (23,400)
Distributions paid to unitholders   (17,250)
Distributions to TLP Finance (13,685)  
Contributions from TLP Holdings 112 4,829
Net cash provided by (used in) financing activities (2,573) 21,379
Increase (decrease) in cash and cash equivalents 2,350 (660)
Cash and cash equivalents at beginning of period 1,090 1,026
Cash and cash equivalents at end of period 3,440 366
Supplemental disclosures of cash flow information:    
Cash paid for interest 13,588 13,210
Property, plant and equipment acquired with accounts payable 16,105 $ 10,454
Non-cash investments in unconsolidated affiliates $ 2,665