XML 68 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Statements of Combined Consolidated Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES:    
Net income $ 37,851 $ 23,270
Adjustments to reconcile net income to net cash from (used in) operating activities:    
Depreciation and amortization expenses 10,419 5,690
Amortization of debt issuance costs 822 384
Unit-based compensation expense 934 712
Loss on asset disposals 164 236
Changes in current assets:    
Receivables - trade (1,706) 47
Receivables - affiliate (6,315) (311)
Prepayments and other (386) (829)
Changes in current liabilities:    
Accounts payable - trade 1,210 228
Accounts payable - affiliate 1,421 696
Deferred revenue - affiliate 61 173
Other current liabilities 125 101
Changes in other noncurrent assets and liabilities 646 1,464
Net cash from operating activities 45,246 31,861
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:    
Capital expenditures (26,347) (32,499)
Capital expenditure reimbursements by affiliate 320 4,204
Acquisitions 314,757 0
Net cash used in investing activities (340,784) (28,295)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:    
Proceeds from issuance of common units, net of issuance costs 391,348 0
Proceeds from issuance of general partner units, net of issuance costs 8,319 0
Quarterly distributions to unitholders (43,838) (22,665)
Quarterly distributions to general partner (3,066) (462)
Distributions in connection with acquisitions (544,000) (67,500)
Borrowings under revolving credit agreement 544,000 68,000
Payments on capital lease (162) 0
Financing costs (3,294) (593)
Capital contributions by affiliate 2,778 1,119
Sponsor contributions of equity to the Predecessors 0 21,617
Net cash from (used in) financing activities 352,085 (484)
INCREASE IN CASH AND CASH EQUIVALENTS 56,547 3,082
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 19,290 18,326
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 75,837 $ 21,408