GENESIS ENERGY LP
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
GEL$13.00+2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income (loss) | $146,347 | $129,135 | $(138,032) |
| Adjustments to reconcile net income (loss) to net cash provided byoperating activities - | |||
| Depreciation, depletion and amortization | 280,189 | 296,205 | 309,746 |
| Gain on sale of assets | — | (40,000) | — |
| Amortization and write-off of debt issuance costs, premium and discount | 12,889 | 9,271 | 13,716 |
| Payments received under previously owned direct financing leases | — | — | 70,000 |
| Equity in earnings of investments in equity investees | (66,198) | (54,206) | (57,898) |
| Cash distributions of earnings of equity investees | 64,972 | 55,571 | 57,080 |
| Non-cash effect of long-term incentive compensation plans | 25,379 | 17,810 | 8,783 |
| Deferred and other tax liabilities | (624) | 2,355 | 980 |
| Cancellation of debt income | — | (8,618) | — |
| Unrealized losses (gains) on derivative transactions | 36,635 | (5,823) | 30,700 |
| Other, net | 17,363 | 20,513 | 12,832 |
| Net changes in components of operating assets and liabilities (See Note 16) | 4,174 | (87,818) | 30,044 |
| Net cash provided by operating activities | 521,126 | 334,395 | 337,951 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Payments to acquire fixed and intangible assets | (620,019) | (424,195) | (301,395) |
| Cash distributions received from equity investees—return of investment | 26,050 | 19,646 | 27,026 |
| Investments in equity investees | (4,489) | (10,301) | (352) |
| Proceeds from asset sales | 478 | 40,331 | 604 |
| Other, net | 4,332 | — | — |
| Net cash used in investing activities | (593,648) | (374,519) | (274,117) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Borrowings on senior secured credit facility | 1,183,566 | 971,500 | 776,300 |
| Repayments on senior secured credit facility | (1,090,666) | (815,100) | (1,371,000) |
| Net proceeds from issuance of Alkali senior secured notes (Note 11) | — | 408,000 | — |
| Redemption of redeemable noncontrolling interests (Note 12) | — | (288,629) | — |
| Proceeds from issuance of senior unsecured notes (Note 11) | 1,093,766 | — | 259,375 |
| Repayment of senior unsecured notes | (875,969) | (72,241) | (80,859) |
| Net proceeds from issuance of preferred units (Note 12) | — | — | 93,100 |
| Debt issuance costs | (24,765) | (6,019) | (12,348) |
| Redemption of Class A Convertible Preferred Units (Note 12) | (75,000) | — | — |
| Contributions from noncontrolling interests | 75,240 | 22,839 | 703 |
| Distributions to noncontrolling interests | (44,579) | (31,867) | (903) |
| Distributions to Class A Convertible Preferred unitholders (Note 12) | (93,930) | (74,736) | (74,736) |
| Distributions to common unitholders (Note 12) | (73,530) | (73,548) | (73,548) |
| Repurchase of Class A Common Units (Note 12) | (1,044) | — | — |
| Cash proceeds from the sale of a noncontrolling interest in a subsidiary | — | — | 418,140 |
| Other, net | 904 | 1,500 | (84) |
| Net cash provided by (used in) financing activities | 73,993 | 41,699 | (65,860) |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 1,471 | 1,575 | (2,026) |
| Cash and cash equivalents and restricted cash at beginning of period | 26,567 | 24,992 | 27,018 |
| Cash and cash equivalents and restricted cash at end of period | $28,038 | $26,567 | $24,992 |
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