XML 37 R27.htm IDEA: XBRL DOCUMENT v3.7.0.1
Supplemental Cash Flow Information (Tables)
3 Months Ended
Mar. 31, 2017
Supplemental Cash Flow Information [Abstract]  
Supplemental cash flow disclosures
Cash flows related to interest paid were as follows (in thousands):
 
 
 
Three Months Ended
March 31,
 
 
 
2017
 
2016
Interest paid
 
$
1,908

 
$
2,502

In order to determine net cash provided by operating activities, net income is adjusted by, among other things, changes in current assets and current liabilities as follows (in thousands):
 
 
 
Three Months Ended
March 31,
 
 
 
2017
 
2016
Decrease (increase) in current assets:
 
 
 
 
Receivables – related party
 
$
1,115

 
$
(827
)
Receivables
 
340

 

Prepaid expenses and other
 
(355
)
 
(199
)
Increase (decrease) in current liabilities:
 
 
 
 
Accounts payable
 
(171
)
 
412

Accounts payable – related party
 
(31
)
 
(2,007
)
Accrued liabilities
 
122

 
101

Accrued liabilities – related party
 
(116
)
 
118

Accrued interest payable
 
5,525

 
38

Accrued interest payable – related party
 
681

 
62

Taxes other than income taxes
 
(706
)
 
(6
)
Deferred revenue – related party
 
(2,036
)
 
322

Changes in current assets and current liabilities
 
$
4,368

 
$
(1,986
)
Supplemental cash flow disclosures, noncash activities
Noncash investing and financing activities that affected recognized assets or liabilities for the three months ended March 31, 2017 and 2016 were as follows (in thousands):
 
 
 
Three Months Ended March 31,
 
 
 
2017
 
2016
Changes in capital expenditures included in accounts payable
 
$
2,583

 
$
2,953

Noncash capital contributions from Valero for projects related to acquisitions
 
9,220

 
7,390

Change in accrued capital expenditures transferred from Valero
 

 
(87
)
Amortization of ATM deferred offering costs
 
(47
)
 

Reconciliation of net transfers from Valero
The following is a reconciliation of the amounts presented as net transfers from Valero on our statements of partners’ capital and statements of cash flows (in thousands). Noncash transfers from (to) Valero primarily represent the change in amounts accrued by our Predecessor for capital expenditures as we do not reflect capital expenditures in our statements of cash flows until such amounts are paid.
 
 
 
Three Months Ended
March 31,
 
 
 
2017
 
2016 (a)
Net transfers from Valero per statements of partners’ capital
 
$

 
$
6,414

Less: Noncash transfers from Valero
 

 
87

Net transfers from Valero per statements of cash flows
 
$

 
$
6,327

 
 
 
 
 
 
(a) Financial information has been retrospectively adjusted for the acquisitions of the McKee Terminal Services Business and the Meraux and Three Rivers Terminal Services Business.