XML 30 R7.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows ( Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 123,137 $ 118,539
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 30,862 24,452
Non-cash lease expense 6,967 2,236
Amortization of customer contract intangible assets 5,408 5,408
Amortization of deferred revenue (1,475) (1,418)
Amortization of deferred financing costs and debt discount 2,169 1,786
Income from equity method investments (17,952) (16,875)
Dividends from equity method investments 14,849 17,572
Other non-cash adjustments 1,413 1,495
Changes in assets and liabilities:    
Accounts receivable (2,745) (4,268)
Inventories and other current assets 109 12,714
Accounts payable and other current liabilities 12,323 (7,638)
Accounts receivable/payable to related parties 47,483 (19,002)
Non-current assets and liabilities, net (272) (347)
Net cash provided by operating activities 222,276 134,654
Cash flows from investing activities:    
Asset acquisitions from Delek Holdings, net of assumed liabilities 0 100,527
Purchases of property, plant and equipment (12,352) (6,918)
Proceeds from sales of property, plant and equipment 275 107
Purchases of intangible assets 746 0
Distributions from equity method investments 6,245 2,723
Equity method investment contributions (1,393) (11,804)
Net cash used in investing activities (7,971) (116,419)
Cash flows from financing activities:    
Proceeds from issuance of additional units to maintain 2% General Partner interest 0 10
Distributions to general partner 0 (27,635)
Distributions to common unitholders - public (24,153) (23,653)
Distributions to common unitholders - Delek Holdings (96,246) (46,220)
Distributions to Delek Holdings unitholders and general partner related to Trucking Assets Acquisition 0 (47,558)
Distribution to general partner for conversion of its interest and IDR elimination 0 (45,000)
Proceeds from revolving credit facility 236,000 515,900
Payments on revolving credit facility (721,700) (343,600)
Proceeds from issuance of senior notes 400,000 0
Deferred financing costs paid in connection with debt issuances (6,216) 0
Payments on financing lease liabilities (1,369) 0
Net cash used in financing activities (213,684) (17,756)
Net increase in cash and cash equivalents 621 479
Cash and cash equivalents at the beginning of the period 4,243 5,545
Cash and cash equivalents at the end of the period 4,864 6,024
Cash paid during the period for:    
Interest 19,170 26,895
Income taxes 0 141
Non-cash investing activities:    
Increase (decrease) in accrued capital expenditures and other 1,638 (948)
Equity issuance to Delek Holdings unitholders in connection with Big Spring Gathering Assets Acquisition 0 109,513
Non-cash financing activities:    
Non-cash lease liability arising from obtaining right of use assets during the period 8,750 16,644
Sponsor contribution of property, plant and equipment $ 0 $ 1,378