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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ (11,792) [1] $ 82,079 $ 111,082
Adjustments to reconcile net income to net cash provided by operating activities -      
Depreciation, depletion and amortization 313,190 252,480 222,196
Provision for leased items no longer in use 0 12,589 0
Gain on sale of assets (42,264) (40,311) 0
Impairment expense 126,282 0 0
Amortization and write-off of debt issuance costs and premium or discount 12,165 13,103 10,138
Amortization of unearned income and initial direct costs on direct financing leases (13,035) (13,747) (14,395)
Payments received under direct financing leases 20,668 20,668 20,672
Equity in earnings of investments in equity investees (43,626) (51,046) (47,944)
Cash distributions of earnings of equity investees 42,735 47,316 50,281
Non-cash effect of long-term incentive compensation plans 3,941 (5,775) 6,558
Deferred and other tax benefits 663 (4,060) 2,142
Unrealized (gains) losses on derivative transactions (11,795) 10,943 1,287
Other, net (4,941) (10,839) 11,385
Net changes in components of operating assets and liabilities, net of acquisitions (See Note 16) (2,152) 10,156 (90,650)
Net cash provided by operating activities 390,039 323,556 282,752
CASH FLOWS FROM INVESTING ACTIVITIES:      
Payments to acquire fixed and intangible assets (195,367) (250,593) (463,100)
Cash distributions received from equity investees—return of investment 28,979 35,582 36,939
Investments in equity investees (3,018) (4,647) 0
Acquisitions 0 (1,325,759) (25,394)
Contributions in aid of construction costs 0 124 13,374
Proceeds from asset sales 310,099 85,722 3,609
Other, net 0 0 (151)
Net cash used in (provided by) investing activities 140,693 (1,459,571) (434,723)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings on senior secured credit facility 980,700 1,458,700 1,115,800
Repayments on senior secured credit facility (1,109,800) (1,637,700) (952,600)
Proceeds from issuance of senior unsecured notes 0 1,000,000 0
Proceeds from issuance of Class A convertible preferred units, net 0 726,419 0
Repayment of senior unsecured notes (145,170) (204,830) 0
Debt issuance costs (242) (25,913) (1,578)
Issuance of common units for cash, net 0 140,513 298,020
Contributions from noncontrolling interests 2,592 2,770 236
Distributions to common unitholders (257,416) (321,875) (310,039)
Other, net (137) (57) (1,734)
Net cash provided by (used in) financing activities (529,473) 1,138,027 148,105
Net increase (decrease) in cash and cash equivalents 1,259 2,012 (3,866)
Cash and cash equivalents at beginning of period 9,041 7,029 10,895
Cash and cash equivalents at end of period $ 10,300 $ 9,041 $ 7,029
[1] Net loss includes $69.8 million attributable to preferred unitholders accumulated as of December 31, 2018.