v3.5.0.2
STATEMENTS OF CASH FLOWS
 9 Months Ended
Sep. 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:
 
Nine Months Ended September 30,
 
2016
 
2015
 
(Thousands of Dollars)
Decrease (increase) in current assets:
 
 
 
Accounts receivable
$
(15,200
)
 
$
75,532

Inventories
3,767

 
1,654

Other current assets
4,809

 
1,660

Increase (decrease) in current liabilities:
 
 
 
Accounts payable
7,706

 
(45,626
)
Payable to related party, net
806

 
743

Accrued interest payable
(6,672
)
 
(5,424
)
Accrued liabilities
(7,477
)
 
(12,338
)
Taxes other than income tax
3,670

 
3,239

Income tax payable
(3,886
)
 
363

Changes in current assets and current liabilities
$
(12,477
)
 
$
19,803



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:
 
Nine Months Ended September 30,
 
2016
 
2015
 
(Thousands of Dollars)
Cash paid for interest, net of amount capitalized
$
112,796

 
$
105,340

Cash paid for income taxes, net of tax refunds received
$
9,873

 
$
8,987