STATEMENTS OF CASH FLOWS

3 Months Ended

Mar. 31, 2020

Changes in current assets and current liabilities were as follows:



	Three Months Ended March 31,
	2020			2019
	(Thousands of Dollars)
Decrease (increase) in current assets:
Accounts receivable	$	7,778		$	(15,028	)
Inventories	1,648			(2,302		)
Other current assets	7,007			4,191
Increase (decrease) in current liabilities:
Accounts payable	(18,082		)	17,851
Accrued interest payable	2,680			(4,948		)
Accrued liabilities	(6,804		)	(30,908		)
Taxes other than income tax	(5,137		)	(2,954		)
Income tax payable	1,125			695
Changes in current assets and current liabilities	$	(9,785	)	$	(33,403	)

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;


•	the effect of foreign currency translation;


•	changes in the fair values of our interest rate swap agreements; and


•	the recognition of lease liabilities upon the adoption of ASC Topic 842.

Cash flows related to interest and income taxes were as follows:



	Three Months Ended March 31,
	2020		2019
	(Thousands of Dollars)
Cash paid for interest, net of amount capitalized	$	43,172	$	47,797
Cash paid for income taxes, net of tax refunds received	$	90	$	1,717

As of March 31, 2020 and December 31, 2019, restricted cash, representing legally restricted funds that are unavailable for general use, is included in "Other long-term assets, net" on the consolidated balance sheets. “Cash, cash equivalents and restricted cash” on the consolidated statements of cash flows was included in the consolidated balance sheets as follows:



	March 31, 2020		December 31, 2019
	(Thousands of Dollars)
Cash and cash equivalents	$	17,694	$	16,192
Other long-term assets, net	8,798		8,788
Cash, cash equivalents and restricted cash	$	26,492	$	24,980