XML 31 R6.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Cash Flows ( Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 71,678 $ 79,513
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23,757 20,706
Non-cash lease expense 11,484 4,507
Amortization of customer contract intangible assets 3,606 3,606
Amortization of deferred revenue (888) (911)
Amortization of deferred financing costs and debt discount 1,776 1,325
Income from equity method investments (14,099) (10,691)
Dividends from equity method investments 13,717 8,311
Other non-cash adjustments 1,118 453
Changes in assets and liabilities:    
Accounts receivable 300 (2,389)
Inventories and other current assets 263 524
Accounts payable and other current liabilities (2,142) 295
Accounts receivable/payable to related parties 27,068 39,756
Non-current assets and liabilities, net (4,581) 2,519
Net cash provided by operating activities 133,057 147,524
Cash flows from investing activities:    
Purchases of property, plant and equipment (35,506) (8,762)
Business Combination, net of cash acquired (621,772) 0
Proceeds from sales of property, plant and equipment 11 219
Purchases of intangible assets (3,797) (675)
Distributions from equity method investments 1,737 5,400
Equity method investment contributions 0 (1,393)
Net cash used in investing activities (659,327) (5,211)
Cash flows from financing activities:    
Distributions to common unitholders - public (17,550) (15,916)
Distributions to common unitholders - Delek Holdings (67,454) (63,585)
Proceeds from revolving credit facility 867,500 148,300
Payments on revolving credit facility (244,600) (606,100)
Proceeds from issuance of senior notes 0 400,000
Deferred financing costs paid (701) (6,326)
Payments on financing lease liabilities (1,407) (756)
Net cash provided by (used) in financing activities 535,788 (144,383)
Net increase (decrease) in cash and cash equivalents 9,518 (2,070)
Cash and cash equivalents at the beginning of the period 4,292 4,243
Cash and cash equivalents at the end of the period 13,810 2,173
Cash paid during the period for:    
Interest 28,275 17,081
Income taxes 40 0
Non-cash investing activities:    
Increase in accrued capital expenditures and other 306 1,557
Non-cash financing activities:    
Non-cash lease liability arising from obtaining right of use assets during the period $ 8,433 $ 5,572