v2.3.0.15
Condensed Statements of Consolidated Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES:  
Net income (loss)$ 16,400$ (17,336)
Adjustments to reconcile net income (loss) to net cash from (used in) operating activities:  
Depreciation and amortization expense6,0545,983
Amortization of debt issuance costs2660
Unit-based compensation expense3010
Loss on asset disposals1506
Changes in current assets:  
Receivables - trade(671)(182)
Receivables - affiliate(7,963)0
Prepayments and other current assets(1,103)0
Changes in current liabilities:  
Accounts payable - trade876212
Accounts payable - affiliate3,424(318)
Accrued liabilities3,000411
Changes in other noncurrent assets and liabilities(196)727
Net cash from (used in) operating activities20,389(9,997)
CASH FLOWS USED IN INVESTING ACTIVITIES:  
Capital expenditures(3,132)(2,167)
Net cash used in investing activities(3,132)(2,167)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:  
Proceeds from issuance of common units, net of underwriters' discount294,3280
Distributions to General Partner(50,153)0
Distributions to Common unitholders - Public(3,660)0
Distributions to Common unitholders - Tesoro(70,001)0
Distributions to Subordinated unitholders(217,087)0
Borrowings under revolving credit agreement50,0000
Offering costs(6,196)0
Deferred debt issuance costs(1,852)0
Sponsor contribution of division equity to the Predecessor3,48612,164
Reimbursement for capital expenditures1,6340
Net cash from financing activities49912,164
INCREASE IN CASH AND CASH EQUIVALENTS17,7560
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD00
CASH AND CASH EQUIVALENTS, END OF PERIOD17,7560
SUPPLEMENTAL CASH FLOW DISCLOSURE:  
Interest paid, net of capitalized interest3250
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING ACTIVITIES:  
Capital expenditures included in accounts payable and accrued expenses at period end1,168104
Transfer of property, plant and equipment from Sponsor, net of accumulated depreciation4,3990
Working capital requirements retained by Sponsor$ 4,389$ 0