v2.4.0.8
STATEMENTS OF CASH FLOWS
9 Months Ended
Sep. 30, 2014
Statement 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,
 
2014
 
2013
 
(Thousands of Dollars)
Decrease (increase) in current assets:
 
 
 
Accounts receivable
$
60,010

 
$
145,803

Receivable from related parties
51,037

 
83,265

Inventories
19,865

 
47,145

Income tax receivable
(2,939
)
 
1,204

Other current assets
1,637

 
24,026

Increase (decrease) in current liabilities:
 
 
 
Accounts payable
(134,932
)
 
(176,161
)
Payable to related party
5,841

 
18,180

Accrued interest payable
(5,611
)
 
2,643

Accrued liabilities
807

 
(33,618
)
Taxes other than income tax
5,319

 
3,144

Income tax payable
46

 
1,207

Changes in current assets and current liabilities
$
1,080

 
$
116,838



The above changes in current assets and current liabilities differ from changes between amounts reflected in the applicable consolidated balance sheets due to the change in the amount accrued for capital expenditures and the effect of foreign currency translation.

Cash flows related to interest and income taxes were as follows:
 
Nine Months Ended
September 30,
 
2014
 
2013
 
(Thousands of Dollars)
Cash paid for interest, net of amount capitalized
$
103,832

 
$
88,529

Cash paid for income taxes, net of tax refunds received
$
9,826

 
$
8,183