XML 48 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows ( Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Net income $ 29,652 [1],[2] $ 1,360 [1],[2]
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,074 [1],[2] 7,720 [1],[2]
Amortization of unfavorable contract liability to revenue (1,956) [1] 0 [1]
Amortization of debt issuance costs 560 [1] 146 [1]
Accretion of asset retirement obligations 163 [1] 79 [1]
Deferred income taxes 42 [1] (135) [1]
Loss on sale of assets 0 [1] 5 [1],[2]
Unit-based compensation expense 179 [1] 92 [1]
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable (6,886) [1] (14,605) [1]
Inventories and other current assets (7,311) [1] (13,742) [1]
Accounts payable and other current liabilities 9,907 [1] 16,134 [1]
Accounts payable from related parties 4,760 [1] (369) [1]
Non-current assets and liabilities, net (2,700) [1] (1,217) [1]
Net cash provided by (used in) operating activities 35,484 [1] (4,532) [1]
Cash flows from investing activities:    
Business combinations (5,722) [1] (23,272) [1]
Purchases of property, plant and equipment (7,881) [1] (16,700) [1]
Proceeds from sale of property, plant and equipment 0 [1] 2 [1]
Net cash used in investing activities (13,603) [1] (39,970) [1]
Cash flows from financing activities:    
Distributions to general partner (492) [1] 0 [1]
Distributions to common unitholders - Public (9,252) [1] 0 [1]
Distributions to common unitholders - Delek (2,810) [1] 0 [1]
Distributions to subordinated unitholders - Delek (12,047) [1] 0 [1]
Distributions to Delek for contribution of Tyler Terminal and Tank Assets (94,800) [1] 0 [1]
Proceeds from revolving credit facility 138,000 [1] 226,200 [1]
Payments of revolving credit facility (67,000) [1] (203,300) [1]
Tax benefit from exercise of stock-based compensation 0 [1] 25 [1]
Deferred financing costs paid 0 [1] (97) [1]
Capital contributions by Predecessors 9,317 [1] 21,852 [1]
Reimbursement of capital expenditures by sponsor 463 [1] 0 [1]
Net cash (used in) provided by financing activities (38,621) [1] 44,680 [1]
Net (decrease) increase in cash and cash equivalents (16,740) [1] 178 [1]
Cash and cash equivalents at the beginning of the period 23,452 [3] 35 [1]
Cash and cash equivalents at the end of the period 6,712 [1] 213 [1]
Cash paid during the period for:    
Interest 1,906 [1] 1,633 [1]
Income taxes 30 [1] 1,316 [1]
Non-cash financing activities:    
Working capital retained by Sponsor 213 [1] 0 [1]
Sponsor contribution of fixed assets $ 105 $ 0
[1] Adjusted to include the historical cash flows of the Tyler Terminal and Tank Assets. See Notes 1 and 2 for further discussion.
[2] Adjusted to include the historical results of the Tyler Terminal and Tank Assets. See Notes 1 and 2 for further discussion.
[3] Includes the historical balances of the Tyler Terminal and Tank Assets. See Notes 1 and 2 for further discussion.