GENESIS ENERGY LP
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income (loss) | $(33,007) | $146,347 | $129,135 |
| Adjustments to reconcile net income (loss) to net cash provided byoperating activities - | |||
| Depreciation, depletion and amortization | 313,158 | 280,189 | 296,205 |
| Gain on sale of assets | — | — | (40,000) |
| Impairment expense | 43,003 | — | — |
| Amortization and write-off of debt issuance costs, premium and discount | 14,639 | 12,889 | 9,271 |
| Equity in earnings of investments in equity investees | (58,291) | (66,198) | (54,206) |
| Cash distributions of earnings of equity investees | 58,291 | 64,972 | 55,571 |
| Non-cash effect of long-term incentive compensation plans | 5,234 | 25,379 | 17,810 |
| Deferred and other tax liabilities | 291 | (624) | 2,355 |
| Cancellation of debt income | — | — | (8,618) |
| Unrealized losses (gains) on derivative transactions | (7,837) | 36,635 | (5,823) |
| Other, net | 25,389 | 17,363 | 20,513 |
| Net changes in components of operating assets and liabilities (See Note 16) | 31,064 | 4,174 | (87,818) |
| Net cash provided by operating activities | 391,934 | 521,126 | 334,395 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Payments to acquire fixed and intangible assets | (587,145) | (620,019) | (424,195) |
| Cash distributions received from equity investees—return of investment | 23,461 | 26,050 | 19,646 |
| Investments in equity investees | (285) | (4,489) | (10,301) |
| Proceeds from asset sales | 11,805 | 478 | 40,331 |
| Other, net | — | 4,332 | — |
| Net cash used in investing activities | (552,164) | (593,648) | (374,519) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Borrowings on senior secured credit facility | 1,407,500 | 1,183,566 | 971,500 |
| Repayments on senior secured credit facility | (1,414,800) | (1,090,666) | (815,100) |
| Proceeds from issuance of senior unsecured notes (Note 11) | 1,300,000 | 1,093,766 | — |
| Repayment of senior unsecured notes (Note 11) | (926,903) | (875,969) | (72,241) |
| Proceeds from issuance of Alkali senior secured notes (Note 11) | — | — | 408,000 |
| Repayment of Alkali senior secured notes (Note 11) | (11,618) | — | — |
| Redemption of redeemable NCI preferred units (Note 12) | — | — | (288,629) |
| Debt issuance costs | (27,858) | (24,765) | (6,019) |
| Redemption of Class A Convertible Preferred Units (Note 12) | — | (75,000) | — |
| Contributions from noncontrolling interests | 36,045 | 75,240 | 22,839 |
| Distributions to noncontrolling interests | (36,585) | (44,579) | (31,867) |
| Distributions to Class A Convertible Preferred unitholders (Note 12) | (87,576) | (93,930) | (74,736) |
| Distributions to common unitholders (Note 12) | (75,317) | (73,530) | (73,548) |
| Repurchase of Class A Common Units (Note 12) | — | (1,044) | — |
| Other, net | (1,144) | 904 | 1,500 |
| Net cash provided by financing activities | 161,744 | 73,993 | 41,699 |
| Net increase in cash and cash equivalents and restricted cash | 1,514 | 1,471 | 1,575 |
| Cash and cash equivalents and restricted cash at beginning of period | 28,038 | 26,567 | 24,992 |
| Cash and cash equivalents and restricted cash at end of period | $29,552 | $28,038 | $26,567 |
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