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This excerpt taken from the HLND DEFA14A filed Nov 9, 2009. Cash
Flows Used for Investing Activities
Cash flows used for investing activities, which represent
investments in property and equipment decreased by
$4.9 million to $32.3 million for the nine months
ended September 30, 2009 from $37.1 million for the
nine months ended September 30, 2008 primarily due to
reduced capital expenditures in nearly all of Hiland Partners
gathering systems, offset by cash flows invested related to the
construction of the North Dakota Bakken gathering system.
This excerpt taken from the HLND 10-Q filed May 11, 2009. Cash Flows Used for Investing Activities
Our cash flows used for investing activities, which represent investments in property and equipment, increased by $5.3 million to $15.7 million for the three months ended March 31, 2009 from $10.4 million for the three months ended March 31, 2008 primarily due to cash flows invested relating to the ongoing construction of the North Dakota Bakken gathering system.
This excerpt taken from the HLND 10-Q filed Nov 10, 2008. Cash Flows Used for Investing Activities
Our cash flows used for investing activities, which represent investments in property and equipment, decreased by $24.8 million to $37.1 million for the nine months ended September 30, 2008 from $61.9 million for the nine months ended September 30, 2007 primarily due to reduced capital investing in the nine months ended September 30, 2008 related to the Badlands nitrogen rejection plant which was under construction during the first nine months of 2007.
This excerpt taken from the HLND 10-Q filed Aug 11, 2008. Cash Flows Used for Investing Activities
Our cash flows used for investing activities, which represent investments in property and equipment, decreased by $16.4 million to $20.3 million for the six months ended June 30, 2008 from $36.7 million for the six months ended June 30, 2007 predominately due to reduced capital investing in the six months ended June 30, 2008 related to the Badlands nitrogen rejection plant which was under construction during the first six months of 2007.
This excerpt taken from the HLND 10-Q filed May 9, 2008. Cash Flows Used for Investing Activities
Our cash flows used for investing activities, which represent investments in property and equipment, decreased by $6.1 million to $10.4 million for the three months ended March 31, 2008 from $16.5 million for the three months ended March 31, 2007 predominately due to reduced capital investing in the three months ended March 31, 2008 related to the Badlands nitrogen rejection plant that was under construction during the first three months of 2007.
This excerpt taken from the HLND 10-Q filed Nov 9, 2007. Cash Flows Used for Investing Activities
Our cash flows used for investing activities representing investments in property and equipment, excluding $96.4 million used for our Kinta Area acquisition on May 1, 2006 , increased by $14.0 million to $61.9 million for the nine months ended September 30, 2007 from $47.9 million for the nine months ended September 30, 2006. This $14.0 million increase is largely attributable to cash invested at our new Woodford Shale gathering system, our Badlands expansion project and continued growth at our Bakken gathering system.
This excerpt taken from the HLND 10-Q filed Aug 9, 2007. Cash Flows Used for Investing Activities Our cash flows used for investing activities representing investments in property and equipment, excluding $96.4 million used for our Kinta Area acquisition on May 1, 2006 , increased by $3.0 million to $36.7 million for the six months ended June 30, 2007 from $33.7 million for the six months ended June 30, 2006. This $3.0 million increase is largely attributable to cash invested at our Badlands expansion project and continued growth at our Bakken gathering system. This excerpt taken from the HLND 10-Q filed May 10, 2007. Cash Flows Used for Investing Activities Our cash flows used for investing activities, which represent investments in property and equipment, increased by $5.3 million to $16.5 million for the three months ended March 31, 2007 from $11.2 million for the three months ended March 31, 2006 largely due to the ongoing progress on our Badlands expansion project and continued growth at our Bakken gathering system. This excerpt taken from the HLND 10-K filed Mar 16, 2007. Cash
Flows Used for Investing Activities. Our cash flows used for investing
activities, which represent investments in property and equipment, increased by
$69.6 million to $74.9 million for the year ended December 31,
2005 from $5.3 million for the year ended December 31, 2004. Our
acquisition of the Bakken gathering system assets totaled approximately
$64.6 million.
This excerpt taken from the HLND 10-Q filed Nov 13, 2006. Cash Flows Used for Investing Activities Cash flows used in investing activities, which represent investments in property and equipment and payments made for acquisitions, increased to $144.3 million from $65.2 million, an increase of $79.1 million for the nine months ended September 30, 2006 as compared to the nine months ended September 30, 2005. The increase is primarily a result of the Kinta Area gathering assets acquisition on May 1, 2006, the ongoing progress on our Badlands expansion project and continued growth at our Bakken gathering system. Cash Flows from Financing ActivitiesOur cash flows from financing activities increased to $117.1 million for the nine months ended September 30, 2006 from $70.9 million for the nine months ended September 30, 2005. During the nine months ended September 30, 2006, we borrowed $100.3 million under our credit facility to partially fund the Kinta Area gathering assets acquisition on May 1, 2006 and to fund our internal expansion projects at Badlands, Kinta and Bakken. During the nine months ended September 30, 2006, we received capital contributions of $35.0 million from our general partner in exchange for the issuance of 761,714 common units and 15,545 general 33 partner equivalent units and $1.1 million as a result of issuing common units due to the exercise of 47,533 vested unit options. During the nine months ended September 30, 2006 we incurred $0.9 million of debt issuance costs and distributed $18.4 million to our unitholders. We completed our initial public offering of 2,300,000 common units on February 15, 2005, receiving net proceeds of $48.1 million. The proceeds from the public offering were used to (1) pay remaining offering costs of $2.2 million and deferred debt issuance costs of $0.6 million, (2) pay outstanding indebtedness of $22.9 million, (3) redeem $6.3 million of common units from an affiliate of Harold Hamm and the Hamm Trusts, and (4) make a $3.9 million distribution to the previous owners of Hiland Partners, LLC. We retained $12.2 million to replenish working capital. During the period from January 1, 2005 to February 14, 2005, CGI repaid $1.1 million of its outstanding indebtedness. This excerpt taken from the HLND 10-Q filed Aug 11, 2006. Cash Flows Used for Investing Activities Cash flows used for investing activities, which represent investments in property and equipment and payments made for acquisitions, increased to $130.0 million from $1.3 million, an increase of $128.7 million for the six months ended June 30, 2006 as compared to the six months ended June 30, 2005. The increase is primarily a result of the Kinta Area gathering assets acquisition on May 1, 2006, the ongoing progress on our Badlands expansion project and continued growth at our Bakken gathering system. This excerpt taken from the HLND 10-Q filed May 12, 2006. Cash Flows Used for Investing Activities
Our cash flows used for investing activities, which represent investments in property and equipment, increased by $10.9 million to $11.2 million for the three months ended March 31, 2006 from $0.3 million for the three months ended March 31, 2005 largely due to the ongoing progress on our Badlands expansion project and continued growth at our Bakken gathering system.
This excerpt taken from the HLND 10-K filed Mar 30, 2006. Cash
flows used in investing activities. Net cash used in investing
activities was $5.3 million for 2004 and $17.3 million for 2003. The
year ended December 31, 2003 includes $12.0 million of capital
expenditures for our acquisition of the Carmen gathering system. Capital
expenditures for additions to property, plant and equipment and acquisitions
were $16.7 million in 2003
(net of discontinued operations), which includes $12.0 million of capital
expenditures for our acquisition of the Carmen gathering system which is part
of our Eagle Chief gathering system and $3.5 million for capital expansion
of the Matli gathering system which included construction of the Matli
processing plant and a compressor station and $1.2 million for other assets.
This excerpt taken from the HLND 10-Q filed Nov 14, 2005. Cash Flows Used for Investing Activities
Our cash flows used for investing activities, which represent investments in property and equipment, increased by $60.3 million to $65.2 million for the nine months ended September 30, 2005 from $4.9 million for the nine months ended September 30, 2004. Our acquisition of the Bakken gathering system assets totaled approximately $62.4 million.
This excerpt taken from the HLND 10-Q filed Aug 12, 2005. Cash Flows Used for Investing ActivitiesCash flows used for investing activities decreased to $1.3 million for the six months ended June 30, 2005 from $3.4 million for the six months ended June 30, 2004. These amounts represented investments in property and equipment for both periods.
This excerpt taken from the HLND 10-Q filed May 13, 2005. Cash Flows Used for Investing ActivitiesCash flows used for investing activities decreased to $0.3 million for the three months ended March 31, 2005 from $1.3 million for the three months ended March 31, 2004. These amounts represented investments in property and equipment for both periods.
This excerpt taken from the HLND 10-K filed Mar 30, 2005. Cash
flows used in investing activities. Net cash used in
investing activities was $24.8 million for 2004 and $5.1 million for 2003.
The net cash used in investing activities for 2004 includes $24.4 million
related to construction of the Bakken gathering system (which was not
contributed to our partnership in connection with our initial public offering).
Net cash used in investing activities was $5.1 million and $12.1 million and
for the years ended December 31, 2003 and 2002, respectively. Capital
expenditures for additions to property, plant and equipment and additions to
assets for lease were:
· $5.1 million in 2003, which includes $4.5 million for compressors purchased and leased to Continental Resources, Inc. to be used in their secondary recovery project and $0.6 million for other assets. · $12.5 million in 2002, which includes $12.0 million for compressors purchased and leased to Continental Resources, Inc. to be used in their secondary recovery project. | EXCERPTS ON THIS PAGE: |
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