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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 312,100 $ 32,400
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 98,700 81,100
Stock-based compensation 7,100 4,300
Change in fair value of catalyst leases 3,100 0
Deferred income taxes (7,200) (700)
Non-cash change in inventory repurchase obligations 14,200 8,800
Non-cash lower of cost or market inventory adjustment (506,000) (87,700)
Pension and other post-retirement benefit costs 11,200 11,800
Income from equity method investee 4,700 4,000
Distributions from equity method investee 4,700 4,000
Loss on sale of assets 0 100
Changes in operating assets and liabilities:    
Accounts receivable (152,700) 121,400
Due to/from affiliates 10,300 (5,400)
Inventories (194,700) (278,300)
Prepaid and other current assets (70,000) (36,200)
Accounts payable 40,600 32,200
Accrued expenses 213,300 (22,900)
Deferred revenue 46,500 (2,000)
Other assets and liabilities (11,500) (6,000)
Net cash used in operating activities (185,000) (147,100)
Cash flows from investing activities:    
Expenditures for property, plant and equipment (94,200) (21,000)
Expenditures for deferred turnaround costs (133,000) (58,800)
Expenditures for other assets (22,200) (9,500)
Equity method investment - return of capital 1,800 1,000
Net cash used in investing activities (247,600) (88,300)
Cash flows from financing activities:    
Distributions to members (23,000) 0
Repayments of Long-term Debt (1,700)  
Proceeds from revolver borrowings 575,000 0
Repayments of revolver borrowings 325,000 0
Repayment of note payable 0 (1,200)
Proceeds from insurance premium financing 30,200 27,900
Net cash provided by financing activities 255,500 25,000
Net decrease in cash and cash equivalents (177,100) (210,400)
Cash and equivalents, beginning of period 561,700 526,200
Cash and equivalents, end of period 384,600 315,800
Non-cash activities:    
Accrued and unpaid capital expenditures 118,100 129,000
Assets acquired under operating leases 936,600 0
Distribution of assets to parent company 300 0
Rail Term Loan [Member]    
Cash flows from financing activities:    
Repayments of Long-term Debt $ (1,700) $ (1,700)