XML 104 R7.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net income $ 183,644 [1] $ 278,435 [2] $ 268,492 [3]
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 15,535 18,489 22,519
Distributions from unconsolidated investment 38,781 81,478 44,835
Equity earnings from unconsolidated investment (18,135) (73,397) (59,795)
Gain on asset sales and disposals (4,845) (2,956) (1,082)
Loss on extinguishment of debt 0 0 10,465
Asset impairments 87 556 4,457
Bad debt expense 4,185 2,244 1,062
Unit-based compensation expense 11,309 10,910 5,773
Amortization of debt issuance costs and other (1,509) 1,303 2,410
Change in operating assets and liabilities:      
Accounts receivable 7,285 (164) (18,671)
Accounts payable 25 (1,108) 37
Accrued liabilities (2,088) (225) 935
Accrued interest (281) (406) (224)
Deferred revenue 17,200 (3,483) (15,424)
Other items, net (2,700) (698) 1,049
Net cash provided by operating activities 248,493 310,978 266,838
Cash flows from investing activities      
Proceeds from asset sales and disposals 4,846 2,963 1,083
Return of long-term contract receivable 2,665 2,463 1,723
Capital expenditures 0 (10) (118)
Net cash provided by investing activities 7,511 5,416 2,688
Cash flows from financing activities      
Debt borrowings 167,850 248,834 70,000
Debt repayments (181,028) (262,396) (339,396)
Redemptions of preferred units (71,666) (178,334) 0
Redemption of preferred units paid-in-kind 0 0 (19,321)
Warrant settlements (See Note 4) (65,689) (56,089) 0
Other items, net (8,472) (3,534) (12,596)
Net cash used in financing activities (237,549) (343,496) (365,955)
Net increase (decrease) in cash and cash equivalents 18,455 (27,102) (96,429)
Cash and cash equivalents at beginning of period 11,989 39,091 135,520
Cash and cash equivalents at end of period 30,444 11,989 39,091
Supplemental cash flow information:      
Cash paid for interest 15,452 13,856 25,265
Common Unitholders And General Partner [Member]      
Cash flows from financing activities      
Distributions to unitholders (72,146) (69,908) (34,384)
Preferred Partner [Member]      
Cash flows from financing activities      
Distributions to unitholders $ (6,398) $ (22,069) $ (30,258)
[1] Net income includes $4.2 million of income attributable to preferred unitholders that accumulated during the period, of which $4.2 million is allocated to the common unitholders and $0.1 million is allocated to the general partner.
[2] Net income includes $16.7 million of income attributable to preferred unitholders that accumulated during the period, of which $16.4 million is allocated to the common unitholders and $0.3 million is allocated to the general partner.
[3] Net income includes $30.0 million of income attributable to preferred unitholders that accumulated during the period, of which $29.4 million is allocated to the common unitholders and $0.6 million is allocated to the general partner.