v3.4.0.3
STATEMENTS OF CASH FLOWS
 3 Months Ended
Mar. 31, 2016
Statement of Cash Flows [Abstract]  
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS
Changes in current assets and current liabilities were as follows:
 
Three Months Ended March 31,
 
2016
 
2015
 
(Thousands of Dollars)
Decrease (increase) in current assets:
 
 
 
Accounts receivable
$
11,706

 
$
19,654

Inventories
(2,398
)
 
11,997

Other current assets
5,613

 
10,963

Increase (decrease) in current liabilities:
 
 
 
Accounts payable
(3,370
)
 
(21,776
)
Payable to related party, net
(1,575
)
 
1,145

Accrued interest payable
(6,389
)
 
(5,948
)
Accrued liabilities
(16,859
)
 
(23,191
)
Taxes other than income tax
593

 
(1,738
)
Income tax payable
189

 
1,120

Changes in current assets and current liabilities
$
(12,490
)
 
$
(7,774
)


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. In addition, see Note 7 for non-cash related party transactions associated with the Employee Transfer.

Cash flows related to interest and income taxes were as follows:
 
Three Months Ended March 31,
 
2016
 
2015
 
(Thousands of Dollars)
Cash paid for interest, net of amount capitalized
$
41,079

 
$
38,044

Cash paid for income taxes, net of tax refunds received
$
2,742

 
$
1,738