v3.4.0.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows from Operating Activities:    
Net income $ 57,401 $ 127,899
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 53,142 52,457
Unit-based compensation expense 1,086 0
Amortization of debt related items 2,017 2,237
Loss (gain) from sale or disposition of assets 4 (75)
Gain associated with the Linden Acquisition 0 (56,277)
Deferred income tax expense (benefit) 456 (535)
Distributions of equity in earnings of joint venture 0 2,500
Changes in current assets and current liabilities (Note 12) (12,490) (7,774)
Other, net 111 2,150
Net cash provided by operating activities 101,727 122,582
Cash Flows from Investing Activities:    
Capital expenditures (46,176) (72,880)
Change in accounts payable related to capital expenditures (12,663) (13,464)
Acquisitions 0 (142,500)
Investment in other long-term assets 0 (2,177)
Proceeds from sale or disposition of assets 0 1,185
Net cash used in investing activities (58,839) (229,836)
Cash Flows from Financing Activities:    
Proceeds from long-term debt borrowings 168,089 330,532
Proceeds from short-term debt borrowings 134,000 163,000
Long-term debt repayments (93,709) (83,166)
Short-term debt repayments (137,000) (194,000)
Distributions to unitholders and general partner (98,051) (98,051)
Decrease in cash book overdrafts (8,799) (14,294)
Other, net (5) (10)
Net cash (used in) provided by financing activities (35,475) 104,011
Effect of foreign exchange rate changes on cash 4,642 (6,486)
Net increase (decrease) in cash and cash equivalents 12,055 (9,729)
Cash and cash equivalents as of the beginning of the period 118,862 87,912
Cash and cash equivalents as of the end of the period $ 130,917 $ 78,183