← KNOT Offshore Partners LP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $58.7m ($34.3m) $14.1m $23.3m
Net Income (Loss) Attributable to Parent ($426k) $62.8m $82.2m $59.0m $65.2m $53.9m $58.7m ($34.3m) $14.1m $23.3m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $61.1m $68.1m — — — — — — — —
Amortization of Debt Issuance Costs $1.2m $1.7m $3.2m $2.6m $2.5m $3.5m $2.7m $2.5m $2.2m $2.4m
Amortization of Intangible Assets — $429k $606k $605k $605k $606k $75k — — —
Depreciation $56.2m $71.6m $88.8m $89.8m $89.7m $99.6m $107.4m $110.9m $111.8m $119.7m
Amortization of contract intangibles / liabilities ($1.5m) ($1.1m) ($912k) ($912k) ($912k) ($912k) ($1.4m) ($651k) ($963k) ($6.8m)
Amortization of deferred revenue ($1.6m) ($1.5m) ($1.1m) — — — — ($467k) ($467k) ($467k)
Amortization of deferred debt issuance cost $1.2m $1.7m $3.2m $2.6m $2.5m $3.5m $2.7m $2.5m $2.2m $2.4m
Amortization Cash Flow — — — — — — ($1.4m) ($651k) ($963k) ($6.8m)
Amortization Of Intangibles — — — — — — ($1.4m) ($651k) ($963k) ($6.8m)
Depreciation Amortization Depletion — — — — — — $106.0m $110.3m $110.9m $112.9m
Deferred Income Tax Expense (Benefit) ($29k) ($28k) ($20k) — — — ($3k) $3k $25k $12k
Deferred Income Tax — — — — — — $875k ($4.6m) $631k $1.2m
Deferred Tax — — — — — — $875k ($4.6m) $631k $1.2m
Impairment — — — — — $29.4m $0 $49.6m $16.4m $20.3m
Asset Impairment Charge — — — — — — $0 $49.6m $16.4m $20.3m
Gain (Loss) on Disposition of Property Plant Equipment — — — — — — — — $703k $1.3m
Income Tax Expense (Benefit) ($15k) ($16k) ($2k) $9k $10k $488k $875k ($4.6m) $631k $1.2m
Other Nonoperating Income (Expense) — — — — — — — — ($358k) ($755k)
Income tax (benefit)/expense ($15k) ($16k) ($2k) $9k $10k $488k $875k ($4.6m) $631k $1.2m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Inventories $20k $358k ($55k) ($152k) $225k $653k $2.2m ($2.1m) ($583k) $1.1m
Foreign Currency Transaction Gain (Loss), before Tax ($139k) ($267k) ($79k) ($252k) $57k ($96k) $220k ($237k) ($943k) ($89k)
Foreign Currency Transaction Gain (Loss), Unrealized $93k $45k ($45k) ($44k) $507k ($13k) ($49k) ($67k) ($776k) $609k
Gain (Loss) on Sale of Derivatives — ($2.6m) $2.3m $879k ($3.6m) ($10.1m) ($3.0m) $14.6m $15.5m $9.5m
General and Administrative Expense $4.4m $5.6m $5.3m $4.9m $5.4m $6.5m $6.1m $6.1m $6.1m $7.4m
Goodwill $0 $0 — — — — — — — —
Investment Income, Interest $24k $248k $739k $865k $125k $2k $822k $3.5m $3.6m $3.6m
Nonoperating Income (Expense) — — ($46.5m) ($68.8m) ($57.8m) ($19.2m) ($6.7m) ($64.1m) ($58.2m) ($60.2m)
Operating Expenses $91.5m $123.8m $150.8m $154.8m $156.1m $207.6m $202.4m $265.6m $246.4m $281.1m
Unrealized Gain (Loss) on Derivatives $5.0m $7.4m $1.8m ($18.7m) ($22.0m) $20.1m $38.5m ($9.2m) ($8.7m) ($10.4m)
Drydocking expenditure ($2.6m) ($6.9m) ($12.4m) ($252k) ($2.7m) ($4.2m) ($17.6m) ($19.4m) ($553k) ($14.7m)
Unrealized loss on derivative instruments ($5.0m) ($7.4m) ($2.1m) $18.7m $22.0m ($20.1m) ($38.5m) $9.2m $8.7m $10.4m
Unrealized (gain) loss on foreign currency transactions $93k $45k $45k $44k ($507k) $13k $49k $67k $776k ($609k)
Gain from disposal of vessel — — — — — — — — ($703k) ($1.3m)
Decrease (increase) in amounts due from related parties ($33k) $62.4m ($49k) ($1.5m) ($3.0m) $3.1m $723k $1.6m ($10.4m) $3.2m
Decrease (increase) in inventories ($20k) ($358k) $55k $152k ($225k) ($653k) ($2.2m) $2.1m $583k ($1.1m)
Decrease (increase) in other current assets ($110k) ($1.7m) $3.3m ($912k) ($1.9m) ($117k) ($9.7m) $6.7m ($4.4m) $1.3m
Decrease (increase) in accrued income $4.0m $1.4m — — — — $1.4m — ($4.8m) ($6.1m)
Increase (decrease) in trade accounts payable $45k $2.2m ($1.3m) ($2.1m) $700k $18k $251k $5.9m ($4.4m) $4.3m
Increase (decrease) in accrued expenses ($1.7m) $142k ($1.1m) $153k ($1.9m) $1.6m $3.5m $4.1m ($4.2m) $4.0m
Increase (decrease) prepaid charter $4.0m $1.4m ($3.2m) $1.1m ($1.5m) $763k ($4.7m) ($1.5m) $6.8m ($1.6m)
Increase (decrease) in amounts due to related parties ($159k) ($33.3m) ($4.5m) $142k $597k ($716k) ($210k) $389k $6.1m ($1.4m)
Additions to vessel and equipment ($846k) ($849k) $15.5m — ($339k) ($11.5m) ($3.3m) ($2.8m) ($945k) ($281k)
Proceeds from asset swap (net cash) — — — — — — — — $607k $1.0m
Acquisition of Daqing Knutsen (net of cash acquired) ($13.1m) ($94.0m) ($15.4m) — ($21.1m) — ($32.2m) — — ($26.0m)
Cash distributions ($60.2m) ($69.0m) ($79.3m) ($79.3m) ($79.3m) ($79.4m) ($79.5m) ($10.4m) ($10.4m) ($10.4m)
Beginning Cash Position — — — — — — $62.3m $47.6m $63.9m $66.9m
Cash Flow From Continuing Financing Activities — — — — — — ($80.0m) ($112.5m) ($133.3m) ($108.6m)
Cash Flow From Continuing Investing Activities — — — — — — ($3.3m) ($2.8m) ($338k) ($25.3m)
Change In Account Payable — — — — — — $251k $5.9m ($4.4m) $4.3m
Change In Accrued Expense — — — — — — $3.5m $4.1m ($4.2m) $4.0m
Change In Inventory — — — — — — ($2.2m) $2.1m $583k ($1.1m)
Change In Other Current Assets — — — — — — ($9.7m) $6.7m ($4.4m) $1.3m
Change In Other Working Capital — — — — — $763k ($4.7m) — — —
Change In Payable — — — — — — $41k $6.3m $1.7m $2.8m
Change In Payables And Accrued Expense — — — — — — $3.6m $10.4m ($2.5m) $6.8m
Change In Prepaid Assets — — — — — — ($4.7m) ($1.5m) $6.8m ($1.6m)
Change In Receivables — — — — — — $2.2m $1.6m ($15.3m) ($2.9m)
Change In Working Capital — — — — — — ($10.8m) $19.4m ($14.7m) $2.5m
Changes In Cash — — — — — — ($14.5m) $16.4m $3.5m $21.8m
End Cash Position — — — — — — $47.6m $63.9m $66.9m $89.0m
Financing Cash Flow — — — — — — ($80.0m) ($112.5m) ($133.3m) ($108.6m)
Free Cash Flow — — — — — — $97.6m $128.9m $136.2m $155.5m
Gain Loss On Investment Securities — — — — — — ($38.5m) $9.2m $8.7m $10.4m
Gain Loss On Sale Of PPE — — — — — — $0 $0 ($703k) ($1.3m)
Investing Cash Flow — — — — — — ($35.5m) ($2.8m) ($338k) ($25.3m)
Issuance Of Capital Stock — — — — — $976k $0 $0 — —
Net Business Purchase And Sale — — — — — — ($32.2m) $0 $0 ($26.0m)
Net Foreign Currency Exchange Gain Loss — — — — — — $49k $67k $776k ($609k)
Net PPE Purchase And Sale — — — — — — ($3.3m) ($2.8m) ($945k) ($281k)
Net Preferred Stock Issuance — — — — — $451k $0 $0 — —
Operating Gains Losses — — — — — — ($38.4m) $9.3m $8.8m $8.5m
Other Non Cash Items — — — — — — ($14.9m) ($17.3m) $1.2m ($12.8m)
Preferred Stock Issuance — — — — — $451k $0 $0 — —
Purchase Of Business — — — — — — ($32.2m) $0 $0 ($26.0m)
Purchase Of PPE — — — — — — ($3.3m) ($2.8m) ($945k) ($281k)
Repurchase Of Capital Stock — — — — — — — $0 $0 ($3.0m)
Derivative, Gain (Loss) on Derivative, Net $1.2m $4.8m $4.0m ($17.8m) ($25.7m) $10.0m $35.5m $5.4m $6.8m ($924k)
Net Cash Provided by (Used in) Operating Activities $108.4m $154.6m $148.6m $165.7m $169.2m $166.4m $100.9m $131.6m $137.1m $155.7m
Cash flows from investing activities:
Payments to Acquire Businesses, Net of Cash Acquired — — — — — — — — — $26.0m
Net Investment Purchase And Sale — — — — — — — $0 $607k $1.0m
Sale Of Investment — — — — — — — $0 $607k $1.0m
Net Cash Provided by (Used in) Investing Activities ($14.0m) ($94.9m) ($15.5m) — ($21.4m) ($11.5m) ($35.5m) ($2.8m) ($338k) ($25.3m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $30.0m $211.5m $497.8m — $33.0m $444.3m $167.0m $250.0m $60.0m $117.0m
Proceeds from long-term debt $30.0m $211.5m $497.8m — $33.0m $444.3m $167.0m $250.0m $60.0m $117.0m
Payment of debt issuance cost ($174k) ($1.2m) ($5.3m) $21k ($90k) ($5.2m) ($889k) ($2.5m) ($521k) ($1.3m)
Issuance Of Debt — — — — — — $167.0m $250.0m $60.0m $117.0m
Long Term Debt Issuance — — — — — — $167.0m $250.0m $60.0m $117.0m
Net Issuance Payments Of Debt — — — — — — $391k ($99.6m) ($122.4m) ($93.9m)
Net Long Term Debt Issuance — — — — — — $391k ($99.6m) ($122.4m) ($93.9m)
Repayments of Long-term Debt $61.0m $297.7m $528.0m — — — — — — —
Repayment of long-term debt ($61.0m) ($297.7m) ($528.0m) ($84.5m) ($92.8m) ($505.8m) ($166.6m) ($349.6m) ($182.4m) ($210.9m)
Long Term Debt Payments — — — — — — ($166.6m) ($349.6m) ($182.4m) ($210.9m)
Repayment Of Debt — — — — — — ($166.6m) ($349.6m) ($182.4m) ($210.9m)
Common Stock Issuance — — — — — $525k $0 $0 — —
Net Common Stock Issuance — — — — — — $0 $0 $0 ($3.0m)
Payments for Repurchase of Common Stock — — — — — — — — — $3.0m
Payments of Ordinary Dividends, Common Stock $60.2m $69.0m — — — — — — — —
Common Stock Payments — — — — — — — $0 $0 ($3.0m)
Cash Dividends Paid — — — — — — ($79.5m) ($10.4m) ($10.4m) ($10.4m)
Net Other Financing Charges — — — — — — ($889k) ($2.5m) ($521k) ($1.3m)
Net Cash Provided by (Used in) Financing Activities ($90.3m) ($41.4m) ($137.4m) ($163.8m) ($139.3m) ($145.1m) ($80.0m) ($112.5m) ($133.3m) ($108.6m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($57k) $90k ($169k) ($30k) $510k ($18k) ($174k) ($10k) ($475k) $234k
Effect of exchange rate changes on cash ($57k) $90k ($169k) ($30k) $510k ($18k) ($174k) ($10k) ($475k) $234k
Effect Of Exchange Rate Changes — — — — — — ($174k) ($10k) ($475k) $234k
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($57k) $90k ($4.4m) $1.8m $9.1m $9.7m ($14.7m) $16.3m $3.0m $22.1m
Net increase in cash and cash equivalents $4.1m $18.4m ($4.4m) $1.8m $9.1m $9.7m ($14.7m) $16.3m $3.0m $22.1m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $41.7m $43.5m $52.6m $62.3m $47.6m $63.9m $66.9m $89.0m
Cash and cash equivalents at the beginning of the period $23.6m $27.7m $41.7m $43.5m $52.6m $62.3m $47.6m $63.9m $66.9m $89.0m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($14.7m) $16.3m $3.0m $22.1m
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — — $31.0m $25.1m $37.3m $69.3m $65.7m $60.4m
Income taxes paid ($255k) ($219k) ($190k) ($132k) ($87k) ($83k) ($422k) ($665k) ($41k) ($127k)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.