Question-and-Answer Session
Operator
Thank you very much Paul. (Operator Instructions). And our first question will come from the line of Vance Shaw from Credit Suisse. Vance, you may proceed.
Vance Shaw - Credit Suisse
Yes, good morning. First of all, congratulations guys on a very good quarter.
Paul Foster
Thank you.
Vance Shaw - Credit Suisse
I apologize. But I am on the loan side (ph), buy side here at Credit Suisse as well. So I just have couple of sort of fixed income-related questions. Do you guys believe there's going to be excess cash flow under the credit agreements, and so a pay-down in excess of regular scheduled amortization?
Paul Foster
What we've -- we've gone through that calculation, and we're watching it. We actually don't believe that we're going to have an excess cash flow payment.
Vance Shaw - Credit Suisse
Okay.
Paul Foster
But that calculation is actually made at March 31. And so we really can't be sure of doing that.
Vance Shaw - Credit Suisse
Oh, I got you. Okay, so it was made at the end of the year. Okay thanks. And also you guys mentioned 9.9 million in capitalized interest. Was that -- I missed whether that was for the full year or for the quarter.
Paul Foster
That was for the full year.
Vance Shaw - Credit Suisse
Okay. And can you guys give us any additional information on what the LC draw was in your revolver? You mentioned that I guess at the end of the year you had 60 million in cash borrowings. I would imagine the LC would have gone down quite a bit from September to December just due to lower oil prices but...
Paul Foster
Vance, now I'll ask, Mark Cox has those numbers in front of him, so.
Mark Cox
Yes Vance. We've seen our LC usage come down really for two reasons. One is you just mentioned lower cost. But we've also been able to talk to some of our crude suppliers and get credit extended back to us. So we've seen some significant improvement in that area as well. As you'll see in the K when it's filed at the end of the year, we had LCs outstanding of $245 million, and we had as you just said borrowings of 60 million.
Vance Shaw - Credit Suisse
And your total availability, Mark, was what, 880, is that right?
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