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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net income $ 142,600 $ 133,200
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 2,000 2,000
Impairment and other, net 0 1,000
Non-cash expenses 200 200
Income from equity method investments (85,700) (83,300)
Distributions of earnings received from equity method investments 85,800 86,500
Changes in operating assets and liabilities    
Accounts receivable 1,000 (1,200)
Prepaid expenses and other current assets 5,300 4,500
Accounts payable (100) (1,900)
Deferred revenue and credits 100 1,900
Other (2,900) (600)
Net cash provided by operating activities 148,300 142,300
Cash flows from investing activities    
Capital expenditures (2,000) (400)
Proceeds from Insurance Settlement, Investing Activities 1,300 0
Distributions in excess of earnings from equity method investments 7,400 8,300
Net cash provided by investing activities 6,700 7,900
Cash flows from financing activities    
Proceeds from issuance of term loan (468,000) 0
Distributions to unitholders and general partner (112,800) (98,900)
Distributions to non-controlling interests (17,200) (15,900)
Net cash used in financing activities (130,000) (114,800)
Net change in cash and cash equivalents 25,000 35,400
Cash and cash equivalents at beginning of the period 98,800 57,000
Cash and cash equivalents at end of the period 123,800 92,400
Supplemental cash flow information    
Cash paid for interest 10,400 12,300
Non-cash investing transactions    
Accrued capital expenditures 1,600 300
Proceeds from Issuance of Long-term Debt $ 468,000 $ 0