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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Net income $ 411,803 $ 538,783
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 145,975 140,863
Stock-based compensation 6,329 4,725
Change in fair value of catalyst lease obligations (8,982) (1,204)
Change in non-cash lower of cost or market adjustment 81,147 0
Non-cash change in inventory repurchase obligations 53,370 (31,602)
Pension and other post retirement benefit costs 19,340 16,462
Gain on disposition of property, plant and equipment (1,133) (162)
Changes in current assets and current liabilities:    
Accounts receivable 155,645 (101,752)
Due to/from affiliates 12,566 3,998
Inventories (110,830) (378,538)
Prepaid expense and other current assets (22,995) 25,612
Accounts payable (122,748) (76,008)
Accrued expenses (342,781) 268,649
Deferred revenue 2,947 (6,017)
Other assets and liabilities (21,884) (15,740)
Net cash provided by operations 257,769 388,069
Cash flows from investing activities:    
Expenditures for property, plant and equipment (287,931) (253,454)
Expenditures for deferred turnaround costs (39,725) (58,423)
Expenditures for other assets (7,275) (13,446)
Proceeds from sale of assets 168,270 74,343
Net cash used in investing activities (166,661) (250,980)
Cash flows from financing activities:    
Proceeds from members' capital contributions 0 328,664
Proceeds from intercompany notes payable 29,773 90,761
Proceeds from Rail Facility revolver borrowings 102,075 35,925
Repayments of Rail Facility revolver borrowings (71,938) 0
Distributions to members 0 (283,680)
Proceeds from revolver borrowings 0 395,000
Repayments of revolver borrowings 0 (410,000)
Deferred financing costs and other 0 (10,382)
Net cash provided by financing activities 59,910 146,288
Net increase in cash and cash equivalents 151,018 283,377
Cash and equivalents, beginning of period 218,403 76,970
Cash and equivalents, end of period 369,421 360,347
Non-cash activities:    
Conversion of Delaware Economic Development Authority loan to grant 0 4,000
Accrued distributions 268,066 0
Accrued construction in progress and unpaid fixed assets 4,670 65,193
Conversion of Delaware Economic Development Authority loan to grant $ 15,975 $ 70,185