v2.4.0.6
STATEMENTS OF CASH FLOWS
 6 Months Ended
Jun. 30, 2012
STATEMENTS OF CASH FLOWS [Abstract]  
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS
Changes in current assets and current liabilities were as follows:
 
Six Months Ended June 30,
 
2012
 
2011
 
(Thousands of Dollars)
Decrease (increase) in current assets:
 
 
 
Accounts receivable
$
60,424

 
$
(139,110
)
Inventories
(76,778
)
 
(239,766
)
Income tax receivable
2,216

 
—

Other current assets
(43,458
)
 
(17,759
)
Increase (decrease) in current liabilities:
 
 
 
Accounts payable
(31,345
)
 
202,229

Payable to related party
10,836

 
5,133

Accrued interest payable
(2,188
)
 
11

Accrued liabilities
4,260

 
(16,068
)
Taxes other than income tax
649

 
3,124

Income tax payable
(704
)
 
470

Changes in current assets and current liabilities
$
(76,088
)
 
$
(201,736
)

 
The above changes in current assets and current liabilities differ from changes between amounts reflected in the applicable balance sheets due to the changes in assets held for sale being reflected in the line items to which the changes relate in the table above and and the effect of foreign currency translation.

Cash flows related to interest and income taxes were as follows:
 
Six Months Ended June 30,
 
2012
 
2011
 
(Thousands of Dollars)
Cash paid for interest, net of amount capitalized
$
55,639

 
$
53,684

Cash paid for income taxes, net of tax refunds received
$
15,265

 
$
7,070