Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||
net income | 137,000,000 | 86,000,000 | 207,000,000 | 141,000,000 | 2,000,000 | 501,000,000 | 230,000,000 | -106,000,000 | 272,000,000 | 87,000,000 | 141,000,000 | 55,000,000 | 83,000,000 | 121,000,000 | 216,000,000 | 100,000,000 | 104,000,000 | 166,000,000 | 154,000,000 | 83,000,000 | 100,000,000 | 157,000,000 | -128,000,000 | 83,000,000 | 66,000,000 | 55,000,000 | 109,000,000 | -72,000,000 | 112,000,000 | 68,000,000 | -315,000,000 | 232,000,000 | 138,000,000 | -222,000,000 | 1,000,000 | -584,697,000 | 44,551,000 | 72,137,000 | 62,009,000 | 120,467,000 | 17,918,000 | 2,783,000 | 9,595,000 | 10,132,000 | 9,597,000 | 9,680,000 | 8,227,000 |
reconciliation of net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||
depreciation, amortization and accretion | 159,000,000 | 154,000,000 | 156,000,000 | 152,000,000 | 95,000,000 | 78,000,000 | 43,000,000 | 46,000,000 | 44,000,000 | 49,000,000 | 48,000,000 | 42,000,000 | 55,000,000 | 49,000,000 | 47,000,000 | 42,000,000 | 45,000,000 | 43,000,000 | 47,000,000 | 47,000,000 | 50,000,000 | 47,000,000 | 45,000,000 | 46,000,000 | 45,000,000 | 47,000,000 | 45,000,000 | 50,000,000 | 42,000,000 | 41,000,000 | 49,000,000 | 82,000,000 | 24,000,000 | -24,000,000 | 87,000,000 | 84,582,000 | 77,628,000 | 78,724,000 | 78,066,000 | 45,900,000 | 17,566,000 | 3,798,000 | 3,333,000 | 3,326,000 | 2,432,000 | 1,837,000 | 1,821,000 |
amortization of deferred financing fees | 12,000,000 | 5,000,000 | 3,000,000 | 4,000,000 | 14,000,000 | -3,000,000 | 9,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 4,000,000 | 1,000,000 | 0 | 2,000,000 | 1,000,000 | 2,000,000 | 3,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 3,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 3,392,000 | 3,600,000 | 2,768,000 | 1,240,000 | 822,000 | 381,000 | 87,000 | 130,000 | 96,000 | 96,000 | 95,000 | 95,000 |
loss on disposal of assets and impairment charges | 3,000,000 | 2,000,000 | 48,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 12,000,000 | 17,000,000 | 2,000,000 | 0 | 0 | 0 | 0 | 7,000,000 | |||||||||||||||||||||||||||||||||||||||
gain on west texas sale | 12,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
other non-cash | 0 | 0 | 28,000,000 | -11,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||
non-cash unit-based compensation expense | 5,000,000 | 5,000,000 | 4,000,000 | 5,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 5,000,000 | 2,000,000 | 4,000,000 | 3,000,000 | 5,000,000 | 4,000,000 | 5,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | ||||||||||||||||||||||||
deferred income tax expense | -7,000,000 | 0 | 50,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
inventory valuation adjustments | -10,000,000 | 40,000,000 | -61,000,000 | -13,000,000 | 197,000,000 | 32,000,000 | -130,000,000 | ||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated affiliates | -40,000,000 | -31,000,000 | -32,000,000 | -25,000,000 | -31,000,000 | -2,000,000 | -2,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -2,000,000 | ||||||||||||||||||||||||||||||||||||
distributions from unconsolidated affiliates | 39,000,000 | 32,000,000 | 85,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
net change in operating assets and liabilities, net of effects of acquisitions and divestitures | |||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 401,000,000 | 243,000,000 | 156,000,000 | 123,000,000 | 210,000,000 | -70,000,000 | 286,000,000 | 184,000,000 | -1,000,000 | 91,000,000 | 326,000,000 | -79,000,000 | 303,000,000 | 314,000,000 | 23,000,000 | 31,000,000 | 237,000,000 | 123,000,000 | 152,000,000 | 207,000,000 | 217,000,000 | 38,000,000 | 108,000,000 | 220,372,000 | 141,510,000 | 36,775,000 | 162,343,000 | 81,490,000 | 43,680,000 | 21,543,000 | 46,035,000 | -34,216,000 | 11,350,000 | 20,417,000 | 17,095,000 | ||||||||||||
investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | -157,000,000 | -160,000,000 | -101,000,000 | -132,000,000 | -101,000,000 | -70,000,000 | -41,000,000 | -83,000,000 | -45,000,000 | -50,000,000 | -37,000,000 | -89,000,000 | -42,000,000 | -29,000,000 | -26,000,000 | -82,000,000 | -44,000,000 | -30,000,000 | -18,000,000 | -44,000,000 | -21,000,000 | -18,000,000 | -41,000,000 | -45,000,000 | -46,000,000 | -31,000,000 | -26,000,000 | -41,000,000 | -30,000,000 | -13,000,000 | -19,000,000 | -52,000,000 | -24,000,000 | 39,000,000 | -66,000,000 | -148,440,000 | -110,667,000 | -83,671,000 | -96,222,000 | -64,958,000 | -35,764,000 | -25,066,000 | -35,840,000 | -28,424,000 | -42,874,000 | -29,512,000 | -27,538,000 |
free cash flows | 244,000,000 | 83,000,000 | 55,000,000 | -9,000,000 | 109,000,000 | -140,000,000 | 245,000,000 | 101,000,000 | -46,000,000 | 41,000,000 | 289,000,000 | -168,000,000 | 261,000,000 | 285,000,000 | -3,000,000 | -51,000,000 | 193,000,000 | 93,000,000 | 134,000,000 | 186,000,000 | 199,000,000 | -3,000,000 | 42,000,000 | 71,932,000 | 30,843,000 | -46,896,000 | 66,121,000 | 16,532,000 | 7,916,000 | -3,523,000 | 10,195,000 | -62,640,000 | -31,524,000 | -9,095,000 | -10,443,000 | ||||||||||||
cash paid for acquisitions | -85,000,000 | -92,000,000 | -12,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||
nustar acquisition, net of cash received | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
contributions to unconsolidated affiliates | -17,000,000 | -16,000,000 | -24,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
distributions from unconsolidated affiliates in excess of cumulative earnings | 12,000,000 | 14,000,000 | 33,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||||
proceeds from west texas sale | -3,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from disposal of property, plant and equipment | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -244,000,000 | -249,000,000 | -101,000,000 | -132,000,000 | -118,000,000 | 950,000,000 | -223,000,000 | -75,000,000 | -43,000,000 | -139,000,000 | -31,000,000 | -138,000,000 | -21,000,000 | -20,000,000 | -285,000,000 | -322,000,000 | -34,000,000 | -22,000,000 | -9,000,000 | -47,000,000 | -16,000,000 | -17,000,000 | -40,000,000 | -48,000,000 | -81,000,000 | -10,000,000 | -25,000,000 | -229,000,000 | -97,000,000 | -126,000,000 | -17,000,000 | -57,000,000 | -26,000,000 | 29,000,000 | -78,000,000 | -209,319,000 | -286,527,000 | -211,753,000 | -2,308,401,000 | -901,847,000 | -37,230,000 | -25,365,000 | -36,428,000 | -5,245,000 | 14,056,000 | -3,675,000 | -1,855,000 |
financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||
senior notes borrowings | 1,900,000,000 | 0 | 1,000,000,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
senior notes repayments | -12,000,000 | -17,000,000 | -603,000,000 | -6,000,000 | -10,000,000 | ||||||||||||||||||||||||||||||||||||||||||
gozone bond repayment | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
credit facility borrowings | 545,000,000 | 443,000,000 | 1,093,000,000 | 916,000,000 | 629,000,000 | 352,000,000 | 889,000,000 | 796,000,000 | 759,000,000 | ||||||||||||||||||||||||||||||||||||||
credit facility repayments | -751,000,000 | -237,000,000 | -1,296,000,000 | -763,000,000 | -664,000,000 | -1,347,000,000 | -675,000,000 | -606,000,000 | -859,000,000 | ||||||||||||||||||||||||||||||||||||||
loan origination costs | -23,000,000 | -1,000,000 | -12,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | -6,000,000 | 0 | -11,000,000 | 0 | -24,000,000 | -19,098,000 | ||||||||||||||||||||||||||||||||
series a preferred units issuance | |||||||||||||||||||||||||||||||||||||||||||||||
preferred units redemption | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
cash distributions to unitholders, including incentive distributions | -166,000,000 | -163,000,000 | -159,000,000 | -160,000,000 | -157,000,000 | -158,000,000 | -91,000,000 | ||||||||||||||||||||||||||||||||||||||||
cash distributions to noncontrolling interests | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | 2,966,000,000 | -50,000,000 | 23,000,000 | -13,000,000 | -202,000,000 | -869,000,000 | 123,000,000 | -336,000,000 | 61,000,000 | 98,000,000 | -188,000,000 | 103,000,000 | -254,000,000 | -230,000,000 | 341,000,000 | 228,000,000 | -202,000,000 | -109,000,000 | -145,000,000 | 41,000,000 | -161,000,000 | -198,000,000 | 12,000,000 | -85,000,000 | -52,000,000 | -124,000,000 | -45,000,000 | 102,000,000 | 75,000,000 | 232,000,000 | -3,093,000,000 | -20,000,000 | -289,000,000 | 45,000,000 | -75,000,000 | 27,009,000 | 142,407,000 | 181,624,000 | 2,149,960,000 | 832,118,000 | -22,630,000 | 748,000 | -8,795,000 | 37,268,000 | -23,977,000 | -9,579,000 | -12,667,000 |
net increase in cash and cash equivalents | 3,123,000,000 | -56,000,000 | 78,000,000 | -22,000,000 | -110,000,000 | 11,000,000 | 186,000,000 | -227,000,000 | 17,000,000 | 50,000,000 | 107,000,000 | -114,000,000 | 28,000,000 | 64,000,000 | 79,000,000 | -63,000,000 | 1,000,000 | -8,000,000 | -2,000,000 | 34,000,000 | 30,000,000 | 2,000,000 | 10,000,000 | ||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 94,000,000 | 0 | 0 | 0 | 29,000,000 | 0 | 0 | 82,000,000 | |||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 3,123,000,000 | -56,000,000 | 172,000,000 | -22,000,000 | -110,000,000 | 11,000,000 | 215,000,000 | 17,000,000 | 50,000,000 | 189,000,000 | |||||||||||||||||||||||||||||||||||||
deferred income tax benefit | |||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of acquisitions: | |||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | -6,000,000 | 131,000,000 | -221,000,000 | 77,000,000 | -13,000,000 | -55,000,000 | 289,000,000 | -602,000,000 | 30,000,000 | 317,000,000 | -147,000,000 | 176,000,000 | -142,000,000 | -199,000,000 | 14,000,000 | -46,000,000 | -84,000,000 | -115,000,000 | -43,000,000 | 18,000,000 | -108,000,000 | 237,000,000 | 26,000,000 | 124,000,000 | -78,000,000 | -116,000,000 | 241,000,000 | -52,000,000 | -78,000,000 | 90,000,000 | -90,000,000 | -52,000,000 | 44,000,000 | 97,000,000 | -151,634,000 | 14,311,000 | -68,239,000 | -9,438,000 | -31,682,000 | -1,622,000 | 1,268,000 | 23,664,000 | -28,871,000 | -3,620,000 | 1,303,000 | -8,541,000 | |
accounts receivable from affiliates | 3,054,000 | -621,000 | 2,014,000 | 553,000 | -10,438,000 | 4,354,000 | -20,964,000 | 8,359,000 | -10,207,000 | 15,472,000 | 6,045,000 | 2,242,000 | |||||||||||||||||||||||||||||||||||
inventories | -108,000,000 | 18,000,000 | -165,000,000 | -47,000,000 | -106,000,000 | 53,000,000 | -207,000,000 | 163,000,000 | -220,000,000 | 82,000,000 | -119,000,000 | -59,000,000 | 56,000,000 | -50,000,000 | -19,000,000 | 4,000,000 | 1,000,000 | 52,000,000 | -11,000,000 | -33,000,000 | -11,000,000 | 10,000,000 | 11,000,000 | -38,000,000 | -14,000,000 | 67,000,000 | -41,000,000 | -17,000,000 | 30,000,000 | 17,000,000 | -14,000,000 | 6,000,000 | -32,000,000 | 61,000,000 | -83,606,000 | 18,765,000 | -148,991,000 | 122,832,000 | -32,599,000 | -4,816,000 | 17,292,000 | -3,166,000 | -24,683,000 | 7,259,000 | 1,639,000 | -21,027,000 | |
other assets | 39,000,000 | -80,000,000 | 24,000,000 | -42,000,000 | 67,000,000 | -6,000,000 | 43,000,000 | -10,000,000 | 27,000,000 | -13,000,000 | -58,000,000 | 181,000,000 | -83,000,000 | -134,000,000 | -16,000,000 | -23,000,000 | -10,000,000 | -14,000,000 | 5,000,000 | -64,000,000 | 22,000,000 | 9,000,000 | -3,000,000 | -30,000,000 | -22,000,000 | 10,000,000 | -2,000,000 | 20,000,000 | -19,000,000 | 8,000,000 | 3,629,000 | -39,017,000 | 46,498,000 | -4,875,000 | -223,000 | -450,000 | -265,000 | 1,389,000 | -1,494,000 | 691,000 | |||||||
accounts payable | -77,000,000 | -251,000,000 | 326,000,000 | -174,000,000 | 4,000,000 | 201,000,000 | -165,000,000 | 220,000,000 | 69,000,000 | -225,000,000 | 98,000,000 | -122,000,000 | 199,000,000 | 215,000,000 | -83,000,000 | 116,000,000 | 95,000,000 | 168,000,000 | -13,000,000 | 5,000,000 | 127,000,000 | -282,000,000 | 4,000,000 | -56,000,000 | 50,000,000 | 74,000,000 | -103,000,000 | 110,000,000 | 13,000,000 | -143,000,000 | 20,000,000 | 90,000,000 | -16,000,000 | -138,000,000 | 180,278,000 | -15,015,000 | 55,746,000 | -24,009,000 | 90,251,000 | 10,767,000 | 12,804,000 | 5,449,000 | 12,585,000 | -26,918,000 | -17,000 | 30,668,000 | |
accounts payable to affiliates | 93,000,000 | -74,000,000 | -23,000,000 | 108,000,000 | 56,000,000 | 45,000,000 | -56,000,000 | 16,000,000 | -1,000,000 | -61,000,000 | 94,000,000 | 18,000,000 | -4,000,000 | 26,000,000 | -25,000,000 | -17,000,000 | -55,000,000 | 95,000,000 | 0 | -33,000,000 | -24,000,000 | 46,000,000 | -6,000,000 | -62,000,000 | 31,000,000 | -7,000,000 | -11,000,000 | -28,000,000 | 11,000,000 | 26,000,000 | 58,000,000 | 2,000,000 | 77,353,000 | 10,065,000 | 11,060,000 | -4,478,000 | -62,075,000 | -508,000 | |||||||||
accrued expenses and other current liabilities | -12,000,000 | 3,000,000 | -58,000,000 | -73,000,000 | 122,000,000 | -57,000,000 | 3,000,000 | 7,000,000 | 52,000,000 | -19,000,000 | 12,000,000 | 24,000,000 | -16,000,000 | -15,000,000 | 23,000,000 | 44,000,000 | -43,000,000 | 57,000,000 | -17,000,000 | 71,000,000 | -48,000,000 | -24,000,000 | -76,000,000 | 81,000,000 | -73,000,000 | -72,000,000 | -172,000,000 | -214,000,000 | 403,000,000 | 14,230,000 | |||||||||||||||||
other non-current liabilities | 7,000,000 | 21,000,000 | -18,000,000 | -2,000,000 | -82,000,000 | -4,000,000 | -3,000,000 | -12,000,000 | 34,000,000 | ||||||||||||||||||||||||||||||||||||||
non-cash investing and financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||
units issued in connection with nustar acquisition | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
units issued in connection with acquisitions | 13,000,000 | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
lease assets obtained in exchange for new lease liabilities | 6,000,000 | 29,000,000 | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of assets | 3,000,000 | 2,000,000 | 1,000,000 | 3,000,000 | 7,000,000 | 203,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from disposal of property and equipment | 3,000,000 | 16,000,000 | 5,000,000 | 0 | 2,000,000 | 6,000,000 | 4,000,000 | 18,000,000 | 3,000,000 | 14,000,000 | 7,000,000 | 7,000,000 | 4,000,000 | 7,000,000 | 13,000,000 | 8,000,000 | 6,000,000 | 7,000,000 | 3,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 7,000,000 | 16,000,000 | 6,000,000 | 11,000,000 | 23,000,000 | 0 | 3,000,000 | 5,000,000 | 1,000,000 | 5,556,000 | 2,103,000 | 7,155,000 | 2,186,000 | 3,699,000 | 16,000 | 0 | 17,000 | ||||||||
change in note payable to affiliate | 1,000,000 | 0 | -2,000,000 | -4,000,000 | -1,000,000 | 0 | 6,000,000 | -3,000,000 | 1,000,000 | 10,000,000 | |||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on disposal of assets and impairment charges | -7,000,000 | -2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of acquisitions and divestitures: | |||||||||||||||||||||||||||||||||||||||||||||||
cash paid for acquisitions of terminals and other assets, net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||||||
other | 0 | -4,000,000 | -52,000 | -74,000 | |||||||||||||||||||||||||||||||||||||||||||
receivables from affiliates | 33,000,000 | -7,000,000 | -6,000,000 | -10,000,000 | 1,000,000 | 6,000,000 | -2,000,000 | -5,000,000 | 3,000,000 | 0 | -1,000,000 | -3,000,000 | -1,000,000 | -5,000,000 | 0 | 5,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||
cash paid for acquisitions of terminals | |||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing and financing activities and supplemental cash flow information: | |||||||||||||||||||||||||||||||||||||||||||||||
contribution of assets to the permian joint venture | |||||||||||||||||||||||||||||||||||||||||||||||
cash paid for acquisition | 0 | -185,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash investing and financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax | 4,000,000 | 5,000,000 | 3,000,000 | 1,000,000 | 4,000,000 | -10,000,000 | -4,000,000 | 1,000,000 | 41,000,000 | 7,000,000 | 4,000,000 | 0 | -1,000,000 | 8,000,000 | 2,000,000 | -6,000,000 | 1,000,000 | 16,000,000 | 3,000,000 | 0 | -13,000,000 | -15,000,000 | 0 | -8,000,000 | 29,000,000 | -193,000,000 | -45,000,000 | -53,000,000 | -17,000,000 | -52,056,000 | 26,806,000 | 4,394,000 | -10,144,000 | -220,000 | 696,000 | 0 | 14,000 | -29,000 | 260,000 | 12,000 | 152,000 | ||||||
gain on disposal of assets | 1,000,000 | 4,000,000 | -3,000,000 | 1,214,000 | 110,000 | -266,000 | -3,000 | ||||||||||||||||||||||||||||||||||||||||
inventory adjustments | |||||||||||||||||||||||||||||||||||||||||||||||
cash paid for acquisitions, net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||||||
cash distribution to unitholders, including incentive distributions | |||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 0 | 25,000,000 | 0 | 0 | 0 | 97,000,000 | 0 | 0 | 0 | 21,000,000 | 0 | 0 | 0 | 56,000,000 | 0 | 0 | 0 | 28,000,000 | 4,000,000 | 0 | -20,000,000 | 119,000,000 | 373,000 | 0 | 0 | 72,627,000 | |||||||||||||||||||
cash and cash equivalents at end of period | -114,000,000 | 28,000,000 | 64,000,000 | 104,000,000 | -63,000,000 | 1,000,000 | -8,000,000 | 95,000,000 | 34,000,000 | 30,000,000 | 2,000,000 | 31,000,000 | 8,000,000 | -23,000,000 | 13,000,000 | 23,000,000 | 41,000,000 | -4,000,000 | -79,000,000 | 98,000,000 | -58,000,000 | -11,000,000 | 23,000,000 | 74,000,000 | 38,435,000 | -2,610,000 | 6,646,000 | 76,529,000 | 11,800,000 | 50,971,000 | -3,074,000 | 812,000 | 5,957,000 | 1,429,000 | 7,163,000 | 9,325,000 | |||||||||||
inventory valuation adjustment | -141,000,000 | 57,000,000 | -29,000,000 | 40,000,000 | -1,000,000 | -120,000,000 | -9,000,000 | -59,000,000 | -100,000,000 | -11,000,000 | -90,000,000 | 227,000,000 | -8,000,000 | 26,000,000 | -4,000,000 | -93,000,000 | 136,000,000 | 6,000,000 | -32,000,000 | -25,000,000 | -15,000,000 | ||||||||||||||||||||||||||
proceeds from issuance of long-term debt | 0 | 0 | 0 | 600,000,000 | 0 | 0 | 0 | 2,200,000,000 | 0 | 0 | 800,000,000 | 2,035,000,000 | |||||||||||||||||||||||||||||||||||
payments on long-term debt | 0 | 1,000,000 | -2,000,000 | -810,000,000 | -3,000,000 | -1,000,000 | -438,000,000 | -582,000,000 | -2,000,000 | -3,000,000 | -3,000,000 | -3,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | 0 | -1,000,000 | -3,447,000,000 | -1,000,000 | -1,000,000 | -2,000,000 | -1,000,000 | -8,945,000 | -2,560,000 | -795,057,000 | -1,438,000 | -1,725,000 | -1,979,000 | 0 | -8,000 | -25,872,000 | -72,855,000 | -26,207,000 | -26,105,000 | ||||||||||||
revolving credit facility borrowings | |||||||||||||||||||||||||||||||||||||||||||||||
revolving credit facility repayments | |||||||||||||||||||||||||||||||||||||||||||||||
distributions to unitholders | -91,000,000 | -92,000,000 | -88,000,000 | -94,000,000 | -89,000,000 | -88,000,000 | -88,000,000 | -93,000,000 | -88,000,000 | -88,000,000 | -88,000,000 | -90,000,000 | -88,000,000 | -88,000,000 | -88,000,000 | -91,000,000 | -87,000,000 | -88,000,000 | -87,000,000 | -88,000,000 | -87,000,000 | -87,000,000 | -121,000,000 | -119,000,000 | -103,000,000 | -105,000,000 | -104,000,000 | -100,105,000 | -101,869,000 | -97,488,000 | -86,538,000 | -27,848,000 | -18,693,000 | -5,686,000 | -5,494,000 | -5,305,000 | -4,947,000 | ||||||||||
supplemental disclosure of non-cash investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||
deposit for acquisition | -264,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt and other | 3,000,000 | 0 | 0 | 0 | 109,000,000 | ||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated affiliate | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -2,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | |||||||||||||||||||||||||||||||||||
other noncurrent liabilities | 10,000,000 | -2,000,000 | -1,000,000 | -8,000,000 | -2,000,000 | -4,000,000 | 15,000,000 | 8,000,000 | -20,000,000 | 1,000,000 | 0 | 0 | -1,000,000 | 4,000,000 | -4,000,000 | 21,000,000 | 27,000,000 | 10,000,000 | 9,006,000 | -8,928,000 | -20,230,000 | 27,152,000 | -8,026,000 | 91,000 | 1,106,000 | 365,000 | -332,000 | -20,000 | -39,000 | -285,000 | |||||||||||||||||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||
contributions to unconsolidated affiliate | 0 | -3,000,000 | -1,000,000 | -4,000,000 | -4,000,000 | ||||||||||||||||||||||||||||||||||||||||||
distributions from unconsolidated affiliate in excess of cumulative earnings | 3,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | 3,000,000 | 3,000,000 | 0 | 3,000,000 | 5,000,000 | 1,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||
revolver borrowings | 1,132,000,000 | 660,000,000 | 890,000,000 | 1,445,000,000 | 1,044,000,000 | 27,000,000 | 379,000,000 | 472,000,000 | 194,000,000 | 289,000,000 | 210,000,000 | 453,000,000 | 646,000,000 | 733,000,000 | 371,000,000 | 693,000,000 | 690,000,000 | 690,000,000 | 996,000,000 | 414,000,000 | 759,000,000 | 481,000,000 | 795,000,000 | 618,000,000 | |||||||||||||||||||||||
revolver repayments | -936,000,000 | -825,000,000 | -1,033,000,000 | -1,014,000,000 | -713,000,000 | -138,000,000 | -399,000,000 | -91,000,000 | -281,000,000 | -360,000,000 | -317,000,000 | -350,000,000 | -638,000,000 | -696,000,000 | -404,000,000 | -1,243,000,000 | -483,000,000 | -517,000,000 | -676,000,000 | -1,179,000,000 | -638,000,000 | -662,000,000 | -731,000,000 | -857,000,000 | |||||||||||||||||||||||
cash paid for acquisition, net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on disposal of assets | -4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from continuing operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of taxes | |||||||||||||||||||||||||||||||||||||||||||||||
net cash from continuing operating activities | 141,000,000 | 110,000,000 | 147,000,000 | 37,000,000 | 172,000,000 | 20,000,000 | -185,000,000 | 440,000,000 | 81,000,000 | 236,000,000 | |||||||||||||||||||||||||||||||||||||
purchase of intangible assets | 0 | 0 | -1,000,000 | -1,000,000 | -10,000,000 | -7,000,000 | -9,000,000 | -13,000,000 | -12,392,000 | -7,174,000 | -17,069,000 | -14,365,000 | |||||||||||||||||||||||||||||||||||
payments on debt extinguishment costs | |||||||||||||||||||||||||||||||||||||||||||||||
common unit repurchase | 0 | 0 | 0 | -540,000,000 | |||||||||||||||||||||||||||||||||||||||||||
redemption of preferred units | |||||||||||||||||||||||||||||||||||||||||||||||
other cash from financing activities | -2,000,000 | -4,000,000 | 3,000,000 | -1,000,000 | -1,453,000 | 826,000 | -3,254,000 | 6,881,000 | |||||||||||||||||||||||||||||||||||||||
cash flows from discontinued operations: | |||||||||||||||||||||||||||||||||||||||||||||||
operating activities | -4,000,000 | -2,000,000 | 7,000,000 | -485,000,000 | -109,000,000 | 80,000,000 | |||||||||||||||||||||||||||||||||||||||||
investing activities | 0 | 0 | -7,000,000 | 3,214,000,000 | 44,000,000 | -10,000,000 | |||||||||||||||||||||||||||||||||||||||||
changes in cash included in current assets held for sale | 0 | 0 | 0 | 11,000,000 | -1,000,000 | -2,000,000 | |||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents of discontinued operations | -4,000,000 | -2,000,000 | 0 | 2,740,000,000 | -66,000,000 | 68,000,000 | |||||||||||||||||||||||||||||||||||||||||
loss on disposal of assets and impairment charge | -1,000,000 | 6,000,000 | 2,000,000 | 72,000 | 22,000 | ||||||||||||||||||||||||||||||||||||||||||
other acquisition | -5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
advances from (to) affiliates | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common units, net of offering costs | 0 | 0 | 0 | 33,000,000 | |||||||||||||||||||||||||||||||||||||||||||
issuance (redemption) of preferred units | |||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | 0 | 2,000,000 | 26,000,000 | 237,000,000 | |||||||||||||||||||||||||||||||||||||||||||
gain on disposal of assets and impairment charges | |||||||||||||||||||||||||||||||||||||||||||||||
non-cash unit based compensation expense | 4,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 4,000,000 | 3,000,000 | 3,000,000 | 6,000,000 | 9,000,000 | 5,000,000 | 4,000,000 | 831,000 | 195,000 | ||||||||||||||||||||||||||||||||||
receivable from affiliates | -2,000,000 | 0 | 35,000,000 | 29,000,000 | -3,000,000 | -5,000,000 | 8,000,000 | -135,000,000 | -10,000,000 | ||||||||||||||||||||||||||||||||||||||
acquisition from superior | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
sites purchased from 7-eleven | |||||||||||||||||||||||||||||||||||||||||||||||
acquisition from sandford | |||||||||||||||||||||||||||||||||||||||||||||||
payments for debt extinguishment costs | 0 | 0 | -93,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
advances to/from affiliates | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred units from ete | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash | -23,000,000 | -4,000,000 | 11,761,000 | -16,180,000 | |||||||||||||||||||||||||||||||||||||||||||
notes payable to unconsolidated affiliate | |||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt and other,net | |||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash | -33,000,000 | 70,000,000 | -62,000,000 | -11,000,000 | 43,000,000 | -45,000,000 | 38,062,000 | -2,610,000 | 6,646,000 | 3,902,000 | -3,074,000 | 812,000 | -2,193,000 | 1,429,000 | 7,163,000 | 2,573,000 | |||||||||||||||||||||||||||||||
purchase of sites from 7-eleven | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
acquisition from sandford, net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||||||
acquisition from brenco | |||||||||||||||||||||||||||||||||||||||||||||||
acquisition from amid | |||||||||||||||||||||||||||||||||||||||||||||||
acquisition from schmitt | |||||||||||||||||||||||||||||||||||||||||||||||
acquisition of emerge fuels business, net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||||||
advances from affiliates | -19,000,000 | 0 | 85,000,000 | -63,000,000 | |||||||||||||||||||||||||||||||||||||||||||
equity issued to ete, net of issuance costs | 0 | 0 | 0 | 300,000,000 | 56,000 | ||||||||||||||||||||||||||||||||||||||||||
distributions to etp | 0 | -50,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
preferred units issued to ete, net of issuance costs | |||||||||||||||||||||||||||||||||||||||||||||||
redemption of equity issued to ete | -303,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
(income) income from discontinued operations | -87,000,000 | -6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
accrued liabilities | -46,821,000 | -78,349,000 | 3,799,000 | 387,000 | -1,999,000 | 3,325,000 | 4,746,000 | 883,000 | 2,625,000 | ||||||||||||||||||||||||||||||||||||||
acquisition of sunoco llc | |||||||||||||||||||||||||||||||||||||||||||||||
acquisition from alta east | |||||||||||||||||||||||||||||||||||||||||||||||
acquisition of vie assets | |||||||||||||||||||||||||||||||||||||||||||||||
other acquisitions | |||||||||||||||||||||||||||||||||||||||||||||||
accrued liabilities and other current liabilities | 6,000,000 | -26,000,000 | -8,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
acquisition of sunoco llc and sunoco retail llc | 0 | 0 | 0 | -2,200,000,000 | |||||||||||||||||||||||||||||||||||||||||||
gain on disposal of assets and impairment charge | |||||||||||||||||||||||||||||||||||||||||||||||
redemption of marketable securities | 0 | 0 | 25,952,000 | 314,459,000 | 226,337,000 | 338,896,000 | |||||||||||||||||||||||||||||||||||||||||
acquisition of macs | |||||||||||||||||||||||||||||||||||||||||||||||
acquisition of aloha, net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||||||
acquisition of susser holdings | |||||||||||||||||||||||||||||||||||||||||||||||
acquisition of aziz | |||||||||||||||||||||||||||||||||||||||||||||||
acquisition of valentine | |||||||||||||||||||||||||||||||||||||||||||||||
acquisition of denny | |||||||||||||||||||||||||||||||||||||||||||||||
non-cash unit based compensation | 2,663,000 | 3,608,000 | 3,184,000 | ||||||||||||||||||||||||||||||||||||||||||||
acquisition of susser | |||||||||||||||||||||||||||||||||||||||||||||||
other acquisitions, net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||||||
revolver, borrowings | 942,559,000 | 585,713,000 | 672,188,000 | 95,000,000 | 153,619,000 | ||||||||||||||||||||||||||||||||||||||||||
revolver, repayments | -659,323,000 | -585,713,000 | -447,188,000 | -55,086,000 | -152,222,000 | ||||||||||||||||||||||||||||||||||||||||||
debt issuance costs | -948,000 | ||||||||||||||||||||||||||||||||||||||||||||||
distributions to parent | -175,901,000 | -3,281,000 | -5,791,000 | -5,533,000 | -5,345,000 | -4,959,000 | -4,793,000 | -4,792,000 | |||||||||||||||||||||||||||||||||||||||
other current assets | |||||||||||||||||||||||||||||||||||||||||||||||
advances to affiliates | 287,501,000 | -20,791,000 | |||||||||||||||||||||||||||||||||||||||||||||
equity issued to ete | 0 | 60,944,000 | |||||||||||||||||||||||||||||||||||||||||||||
purchase of intangibles | -49,125,000 | -1,482,000 | -282,000 | -588,000 | -2,790,000 | -1,028,000 | -536,000 | -314,000 | |||||||||||||||||||||||||||||||||||||||
purchase of marketable securities | -256,501,000 | -199,964,000 | -312,899,000 | ||||||||||||||||||||||||||||||||||||||||||||
"push down" accounting from etp merger | |||||||||||||||||||||||||||||||||||||||||||||||
acquisition of sunoco llc, net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of senior notes | |||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | 39,000 | 67,151,000 | 0 | 8,150,000 | 0 | 0 | 6,752,000 | ||||||||||||||||||||||||||||||||||||||||
acquisition of susser, net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from equity issued | |||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||
accounts payable from affiliates | |||||||||||||||||||||||||||||||||||||||||||||||
cash from gfi contribution | |||||||||||||||||||||||||||||||||||||||||||||||
revolving line of credit | 12,350,000 | 2,240,000 | 73,790,000 | 58,000,000 | 26,200,000 | 23,010,000 | |||||||||||||||||||||||||||||||||||||||||
retirement of units | |||||||||||||||||||||||||||||||||||||||||||||||
non-cash stock based compensation | 777,000 | 707,000 | 545,000 | 401,000 | 405,000 | ||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of effects of contribution agreement and gfi contribution: | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common units, net offering costs | |||||||||||||||||||||||||||||||||||||||||||||||
predecessor cash retained by parent | |||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash activities: | |||||||||||||||||||||||||||||||||||||||||||||||
contribution of net assets or liabilities from parent | |||||||||||||||||||||||||||||||||||||||||||||||
contribution of debt from parent | |||||||||||||||||||||||||||||||||||||||||||||||
issuance of units to parent for net assets | |||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of effects of contribution agreement: | |||||||||||||||||||||||||||||||||||||||||||||||
distribution to unitholders | -4,780,000 | ||||||||||||||||||||||||||||||||||||||||||||||
purchase of short-term investments | |||||||||||||||||||||||||||||||||||||||||||||||
redemption of short-term investments | |||||||||||||||||||||||||||||||||||||||||||||||
change in notes receivable | |||||||||||||||||||||||||||||||||||||||||||||||
contribution of net assets from parent |
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