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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net income $ 304,731 $ 41,479
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 78,572 76,172
Amortization of deferred financing fees 4,084 3,810
Bad debt expense (303) (20)
Unit-based compensation expense 1,521 563
Write-off of financing fees   365
Net gain on sale and disposition of assets (81,468) (675)
Long-lived asset impairment   188
Changes in operating assets and liabilities:    
Accounts receivable (18,584) (133,591)
Accounts receivable-affiliate (2,331) 19
Inventories 87,356 (27,726)
Broker margin deposits 5,077 (13,656)
Prepaid expenses, all other current assets and other assets 14,226 28,637
Accounts payable 196,168 107,076
Trustee taxes payable (5,879) 3,257
Change in derivatives (17,335) 32,097
Accrued expenses, all other current liabilities and other long-term liabilities 11,071 (18,938)
Net cash provided by operating activities 576,906 99,057
Cash flows from investing activities    
Acquisitions (255,268) (18,034)
Capital expenditures (65,829) (65,557)
Seller note issuances   (1,690)
Proceeds from sale of property and equipment, net 126,395 3,804
Net cash used in investing activities (194,702) (81,477)
Cash flows from financing activities    
Net proceeds from issuance of Series B preferred units   72,167
Repurchase of common units (2,567) (3,772)
LTIP units withheld for tax obligations (1,559) (2,209)
Distributions to limited partners and general partner (74,341) (68,015)
Net cash used in financing activities (377,567) (11,929)
Cash and cash equivalents    
Increase in cash and cash equivalents 4,637 5,651
Cash and cash equivalents at beginning of period 10,849 9,714
Cash and cash equivalents at end of period 15,486 15,365
Supplemental information    
Cash paid during the period for interest 59,649 52,775
Working Capital Facility    
Cash flows from financing activities    
Net (payments on) borrowings from working capital revolving credit facility (354,700) 68,500
Non Working Capital Facility    
Cash flows from financing activities    
Net (payments on) borrowings from working capital revolving credit facility $ 55,600 $ (78,600)