Financial Statements

Archrock Partners, L.P. repres (APLP)

- (-%)

Cash Flow Statement

All numbers are in thousands
Year XLSX
2019
XLSX
2018
XLSX
2017
XLSX
2016
XLSX
2015
Operating Cash Flow 230,528183,706179,333213,029241,166
Net Income 60,62157,2838,225-10,757-84,025
Depreciation & Amortization 150,751155,984151,236153,741155,786
Deferred income taxes 1,16729-3,38410952
Stock-based compensation -3001,0621,2031,059
Change in working capital -16,8747,651-8,29115,535-7,034
Other non-cash items 34,863-37,54130,48553,198175,328
Investing Cash Flow -582,774-272,992-148,309-47,266-213,287
Investments in PPE 64,738-287,349-179,319-62,345-229,202
Acquisitions ----13,779-
Other Investing Activites -647,51214,35731,01028,85815,915
Financing Cash Flow 352,31689,286-23,163-166,018-27,702
Debt repayment -2,071,750-438,636-904,194-328,500-310,000
Dividends payments ----92,220-149,990
Common Stock Repurchased ---8,078-98-317
Common Stock Issuance --60,291259,5321,164
Other Financing Activites 2,424,066527,922828,818-4,732431,441
Accounts receivables 8,240-20,371-1,66712,537-7,986
Other working capital -25,11428,022-6,6242,998952
Cash at beginning of period 264264217472295
Cash at end of period 3342648,078217472
Capital Expenditure 64,738-287,349-179,319-62,345-229,202
Net cash flow / Change in cash 70-7,861-255177
Free Cash Flow 295,266-103,64314150,68411,964

Archrock Partners, L.P. repres income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Archrock Partners, L.P. repres FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.