v3.5.0.2
STATEMENTS OF CASH FLOWS
 6 Months Ended
Jun. 30, 2016
Statement 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,
 
2016
 
2015
 
(Thousands of Dollars)
Decrease (increase) in current assets:
 
 
 
Accounts receivable
$
(572
)
 
$
45,431

Inventories
99

 
(9,653
)
Other current assets
5,064

 
1,711

Increase (decrease) in current liabilities:
 
 
 
Accounts payable
(4,717
)
 
(34,851
)
Payable to related party, net
697

 
5,175

Accrued interest payable
(393
)
 
337

Accrued liabilities
(12,321
)
 
(15,058
)
Taxes other than income tax
(348
)
 
(500
)
Income tax payable
(2,783
)
 
(1,094
)
Changes in current assets and current liabilities
$
(15,274
)
 
$
(8,502
)


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:
 
Six Months Ended June 30,
 
2016
 
2015
 
(Thousands of Dollars)
Cash paid for interest, net of amount capitalized
$
70,280

 
$
65,378

Cash paid for income taxes, net of tax refunds received
$
8,826

 
$
6,335