v2.3.0.11
Condensed Statements of Consolidated Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES:    
Net income (loss) $ 1,273 $ (11,212)
Adjustments to reconcile net income (loss) to net cash from (used in) operating activities:    
Depreciation and amortization expense 4,037 3,979
Amortization of debt issuance costs 111 0
Unit-based compensation expense 123 0
Loss on asset disposals 1 436
Changes in current assets:    
Receivables - trade (336) (107)
Receivables - affiliate (5,504) 437
Other current assets (1,298) 0
Changes in current liabilities:    
Accounts payable - trade (34) 110
Accounts payable - affiliate 3,636 20
Accrued liabilities 2,747 (372)
Other noncurrent assets and liabilities (199) 363
Net cash from (used in) operating activities 4,557 (6,346)
CASH FLOWS USED IN INVESTING ACTIVITIES:    
Capital expenditures (1,375) (1,518)
Net cash used in investing activities (1,375) (1,518)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:    
Proceeds from issuance of common units, net of underwriters' discount 294,328 0
Distributions to General Partner (50,000) 0
Distributions to Common unitholders - Tesoro (69,927) 0
Distributions to Subordinated unitholders (213,353) 0
Borrowings under revolving credit agreement 50,000 0
Offering costs (6,196) 0
Deferred debt issuance costs (1,852) 0
Sponsor contribution of division equity to the Predecessor 3,486 7,864
Reimbursement for capital expenditures 298 0
Net cash from financing activities 6,784 7,864
INCREASE IN CASH AND CASH EQUIVALENTS 9,966 0
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 0 0
CASH AND CASH EQUIVALENTS, END OF PERIOD 9,966 0
SUPPLEMENTAL CASH FLOW DISCLOSURE:    
Interest paid, net of capitalized interest 11 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING ACTIVITIES:    
Capital expenditures included in accounts payable and accrued expenses at period end 589 118
Transfer of property, plant and equipment from Sponsor, net of accumulated depreciation 4,399 0
Working capital requirements retained by Sponsor $ 4,389 $ 0