v2.4.0.6
STATEMENTS OF CASH FLOWS
 9 Months Ended
Sep. 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:
 
Nine Months Ended September 30,
 
2012
 
2011
 
(Thousands of Dollars)
Decrease (increase) in current assets:
 
 
 
Accounts receivable
$
95,213

 
$
(148,814
)
Receivable from related party
(3,149
)
 
—

Inventories
60,878

 
(176,936
)
Income tax receivable
3,190

 
—

Other current assets
(17,571
)
 
(25,838
)
Increase (decrease) in current liabilities:
 
 
 
Accounts payable
(11,854
)
 
153,626

Payable to related party
6,976

 
2,023

Accrued interest payable
(5,867
)
 
(6,092
)
Accrued liabilities
(21,253
)
 
(21,471
)
Taxes other than income tax
2,662

 
5,607

Income tax payable
(475
)
 
1,468

Changes in current assets and current liabilities
$
108,750

 
$
(216,427
)

 
The above changes in current assets and current liabilities differ from changes between amounts reflected in the applicable balance sheets due to our deconsolidation of the Asphalt Operations in connection with the Asphalt Sale and the effect of foreign currency translation.

Cash flows related to interest and income taxes were as follows:
 
Nine Months Ended September 30,
 
2012
 
2011
 
(Thousands of Dollars)
Cash paid for interest, net of amount capitalized
$
85,583

 
$
87,576

Cash paid for income taxes, net of tax refunds received
$
18,308

 
$
11,974