XML 71 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net income $ 15,323us-gaap_NetIncomeLoss $ 16,324us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,738us-gaap_DepreciationDepletionAndAmortization 4,152us-gaap_DepreciationDepletionAndAmortization
Reserve for doubtful accounts 27us-gaap_ProvisionForDoubtfulAccounts 0us-gaap_ProvisionForDoubtfulAccounts
Amortization of loan fees 235us-gaap_AmortizationOfFinancingCosts 129us-gaap_AmortizationOfFinancingCosts
Unit-based compensation expense 415us-gaap_RestrictedStockExpense 221us-gaap_RestrictedStockExpense
Gain on disposal of assets, net (84)us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges 0us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges
Changes in operating assets and liabilities:    
Accounts receivable - Third-party (8,066)us-gaap_IncreaseDecreaseInAccountsReceivable 54us-gaap_IncreaseDecreaseInAccountsReceivable
Accounts receivable - Affiliate (3,558)us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties (362)us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties
Inventories (551)us-gaap_IncreaseDecreaseInInventories 713us-gaap_IncreaseDecreaseInInventories
Prepaid expenses 1,405us-gaap_IncreaseDecreaseInPrepaidExpense 237us-gaap_IncreaseDecreaseInPrepaidExpense
Other assets (2,179)us-gaap_IncreaseDecreaseInOtherOperatingAssets (84)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable and accrued liabilities 25,740us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 3,092us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Other long-term liabilities 0us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities 5us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities
Net cash provided by operating activities 33,445us-gaap_NetCashProvidedByUsedInOperatingActivities 24,481us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Capital expenditures (8,562)us-gaap_PaymentsToAcquireProductiveAssets (8,379)us-gaap_PaymentsToAcquireProductiveAssets
Distribution to Predecessor affiliate   (6,170)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Proceeds from sale of assets 117us-gaap_ProceedsFromSaleOfProductiveAssets 0us-gaap_ProceedsFromSaleOfProductiveAssets
Net cash used in investing activities (8,445)us-gaap_NetCashProvidedByUsedInInvestingActivities (14,549)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Additions to long-term debt 300,000us-gaap_ProceedsFromIssuanceOfLongTermDebt 0us-gaap_ProceedsFromIssuanceOfLongTermDebt
Payments on revolving credit facility (269,000)us-gaap_RepaymentsOfLongTermLinesOfCredit 0us-gaap_RepaymentsOfLongTermLinesOfCredit
Deferred financing costs (6,551)us-gaap_PaymentsOfFinancingCosts 0us-gaap_PaymentsOfFinancingCosts
Quarterly distributions to Western (10,314)us-gaap_PaymentsOfDistributionsToAffiliates (7,175)us-gaap_PaymentsOfDistributionsToAffiliates
Quarterly distributions to non-controlling interest holders (5,261)us-gaap_PaymentsToMinorityShareholders (3,806)us-gaap_PaymentsToMinorityShareholders
Net cash provided by (used in) financing activities 8,874us-gaap_NetCashProvidedByUsedInFinancingActivities (10,981)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net change in cash and cash equivalents 33,874us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (1,049)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 54,298us-gaap_CashAndCashEquivalentsAtCarryingValue 84,004us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 88,172us-gaap_CashAndCashEquivalentsAtCarryingValue 82,955us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information:    
Interest paid 725us-gaap_InterestPaid 225us-gaap_InterestPaid
Income taxes paid 1us-gaap_IncomeTaxesPaidNet 0us-gaap_IncomeTaxesPaidNet
Supplemental disclosure of non-cash investing activities:    
Accrued capital expenditures $ 616us-gaap_CapitalExpendituresIncurredButNotYetPaid $ 195us-gaap_CapitalExpendituresIncurredButNotYetPaid