XML 19 R7.htm IDEA: XBRL DOCUMENT v3.23.3
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net income (loss) $ 94.7 $ (96.2)
Non-cash RINs (gain) expense (134.0) 151.3
Unrealized (gain) loss on derivative instruments (18.8) 47.5
Other non-cash activities 147.4 141.5
Changes in assets and liabilities (96.7) (93.4)
Net cash provided by (used in) operating activities (7.4) 150.7
Investing activities    
Additions to property, plant and equipment (240.3) (376.3)
Other investing activities   0.2
Net cash used in investing activities (240.3) (376.1)
Financing activities    
Proceeds from borrowings - revolving credit facility 1,585.6 1,139.0
Repayments of borrowings - revolving credit facility (1,618.5) (1,052.0)
Proceeds from borrowings - MRL revolving credit agreement 79.0  
Repayments of borrowings - MRL revolving credit agreement (79.0)  
Proceeds from borrowings - senior notes 325.0 325.0
Repayments of borrowings - senior notes (121.0) (363.1)
Proceeds from inventory financing 1,229.3 1,598.2
Payments on inventory financing (1,235.2) (1,603.6)
Proceeds from sale of redeemable noncontrolling interest in subsidiary   200.0
Repayment of MRL credit facility   (347.3)
Proceeds from other financing obligations 101.5 279.6
Payments on other financing obligations (33.8) (21.8)
Net cash provided by financing activities 232.9 154.0
Net decrease in cash, cash equivalents and restricted cash (14.8) (71.4)
Cash, cash equivalents and restricted cash at beginning of period 35.2 121.9
Cash, cash equivalents and restricted cash at end of period 20.4 50.5
Cash and cash equivalents 13.7 50.5
Restricted cash 6.7  
Supplemental disclosure of non-cash investing activities    
Non-cash property, plant and equipment additions $ 31.7 $ 121.8