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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Net income $ (98,428) $ 135,256
Adjustments to reconcile net (loss) income to net cash (used in) provided by operations:    
Depreciation and amortization 56,532 48,282
Stock-based compensation 2,621 2,025
Change in fair value of catalyst lease obligations 2,885 (2,039)
Deferred Income Tax Expense (Benefit) 31,487 0
Change in non-cash lower of cost or market inventory adjustment (59,063) (21,208)
Non-cash change in inventory repurchase obligations 35,147 66,509
Pension and other post retirement benefit costs 7,680 6,448
Gain on sale of assets 0 (359)
Changes in current assets and current liabilities:    
Accounts receivable (86,765) 110,084
Due to/from affiliates 746 2,621
Inventories 4,035 (1,007)
Prepaid expense and other current assets (28,142) (6,085)
Accounts payable 72,966 (22,194)
Accrued expenses 18,167 (197,427)
Deferred revenue (889) 4,859
Other assets and liabilities (2,200) (2,279)
Net cash (used in) provided by operations (43,221) 123,486
Cash flows from investing activities:    
Expenditures for property, plant and equipment (42,731) (100,747)
Expenditures for deferred turnaround costs (82,747) (18,376)
Expenditures for other assets (17,163) (4,958)
Chalmette Acquisition working capital settlement (2,659) 0
Proceeds from sale of assets 0 77,618
Net cash used in investing activities (145,300) (46,463)
Cash flows from financing activities:    
Distributions to members (30,829) 0
Proceeds from affiliate notes payable 0 30,000
Repayment of affiliate notes payable (517) 0
Proceeds from Rail Facility revolver borrowings 0 23,425
Repayments of Rail Facility revolver borrowings 0 (22,774)
Deferred financing costs and other 0 759
Net cash (used in) provided by financing activities (31,346) 31,410
Net (decrease) increase in cash and cash equivalents (219,867) 108,433
Cash and equivalents, beginning of period 914,749 218,403
Cash and equivalents, end of period 694,882 326,836
Non-cash activities:    
Accrued construction in progress and unpaid fixed assets $ 7,619 $ 26,708