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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
[1]
Cash flows from operating activities:    
Net income $ 26,478 $ 16,968
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization expense 13,033 10,316
Deferred income taxes 1,556 277
Stock based compensation 2,441 1,159
Amortization of deferred financing costs 235 101
Change in fair value of CenStar Earnout 1,000 0
Bad debt expense 462 4,179
Loss on derivatives, net 4,339 6,179
Current period cash settlements on derivatives, net (15,828) (9,076)
Accretion of discount to convertible subordinated notes to affiliate 71 0
Interest paid in kind - subordinated convertible notes 155 0
Income on equity method investment in eREX Spark Marketing Joint Venture (104) 0
Changes in assets and liabilities:    
Decrease in restricted cash 0 707
Decrease in accounts receivable 16,797 19,608
Decrease in accounts receivable—affiliates 830 698
Decrease in inventory 1,837 5,087
Increase in customer acquisition costs (5,104) (11,900)
Decrease in prepaid and other current assets 1,881 5,610
Increase in intangible assets—customer relationships 0 (2,720)
Decrease in other assets 535 457
Decrease in accounts payable and accrued liabilities (5,002) (12,087)
Increase (decrease) in accounts payable—affiliates 28 (228)
Decrease in other current liabilities (414) (1,195)
(Decrease) increase in other non-current liabilities (1,612) 1,553
Net cash provided by operating activities 43,614 35,693
Cash flows from investing activities:    
Purchases of property and equipment (1,449) (892)
Investment in eREX Spark Marketing Joint Venture (413) 0
Net cash used in investing activities (1,862) (892)
Cash flows from financing activities:    
Borrowings on the Senior Credit Facility 0 6,000
Payments on the Senior Credit Facility (25,152) (30,000)
Contributions from NuDevco 0 129
Proceeds from disgorgement of stockholders short-swing profits 580 0
Restricted stock vesting (909) (270)
Excess tax benefit related to restricted stock vesting 141 0
Payment of dividends to Class A common stockholders (3,657) (2,210)
Payment of distributions to non-controlling unitholders (9,967) (7,794)
Net cash used in financing activities (38,964) (34,145)
Increase in cash and cash equivalents 2,788 656
Cash and cash equivalents—beginning of period 4,474 4,359
Cash and cash equivalents—end of period 7,262 5,015
Non-cash items:    
Liability due to tax receivable agreement (27,462) 0
Tax benefit from tax receivable agreement 31,490 0
Construction in process accrual 22 179
Cash paid during the period for:    
Interest 944 598
Taxes $ 1,892 $ 150
[1] Financial information has been recast to include results attributable to the acquisition of Oasis Power Holdings LLC from an affiliate on May 12, 2015. See Note 2 "Basis of Presentation" for further discussion.