XML 71 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows ( Unaudited) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income $ 13,729 $ 7,271 [1],[2]
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 3,477 3,541 [1],[2]
Amortization of unfavorable contract liability to revenue (667) (667) [2]
Amortization of deferred financing costs 317 188 [2]
Accretion of asset retirement obligations 120 61 [2]
Deferred income taxes (5) (1) [2]
Unit-based compensation expense 58 0 [2]
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable (2,551) (10,161) [2]
Inventories and other current assets 3,584 (10,341) [2]
Accounts payable and other current liabilities (2,392) 16,513 [2]
Accounts payable - related parties (2,164) (8,000) [2]
Non-current assets and liabilities, net 83 (424) [2]
Net cash provided by (used in) operating activities 13,589 (2,020) [2]
Cash flows from investing activities:    
Purchases of property, plant and equipment (965) [3] (3,715) [2],[4]
Net cash used in investing activities (965) (3,715) [2]
Cash flows from financing activities:    
Distributions to general partner (204) (109) [2]
Distributions to common unitholders - Public (3,882) (2,060) [2]
Distributions to common unitholders - Delek (1,162) (627) [2]
Distributions to subordinated unitholders (4,980) (2,690) [2]
Distributions to Delek for contribution of El Dorado Terminal and Tank Assets (95,900) 0 [2]
Proceeds from revolving credit facility 185,200 0 [2]
Payments of revolving credit facility (89,500) 0 [2]
Predecessor division equity contribution 1,006 6,439 [2]
Reimbursement of capital expenditures by Sponsor 0 310 [2]
Net cash (used in) provided by financing activities (9,422) 1,263 [2]
Net increase (decrease) in cash and cash equivalents 3,202 (4,472) [2]
Cash and cash equivalents at the beginning of the period 924 [5] 23,452 [2]
Cash and cash equivalents at the end of the period 4,126 18,980 [2]
Cash paid during the period for:    
Interest 1,525 639 [2]
Taxes $ 15 $ 0 [2]
[1] Adjusted to include the historical results of the El Dorado Terminal and Tank Assets and the Tyler Terminal and Tank Assets. See Notes 1 and 2 for further discussion.
[2] Adjusted to include the historical cash flows of the El Dorado Terminal and Tank Assets and the Tyler Terminal and Tank Assets. See Notes 1 and 2 for further discussion.
[3] Capital spending includes expenditures incurred in connection with the assets acquired in the El Dorado Acquisition.
[4] Capital spending includes expenditures incurred in connection with the assets acquired in the El Dorado Acquisition and the Tyler Acquisition.
[5] Includes the historical balances of the El DoradoTerminal and Tank Assets and the Tyler Terminal and Tank Assets. See Notes 1 and 2 for further discussion.