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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities:    
Net income $ 589,480 $ 611,999
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 134,137 124,180
Loss on sale and retirement of assets 5,397 4,378
Earnings of non-controlled entities (51,543) (49,653)
Distributions of earnings from investments in non-controlled entities 50,047 47,236
Equity-based incentive compensation expense 14,737 15,226
Settlement cost, amortization of prior service credit and actuarial loss 1,427 2,609
Gain on exchange of interest in non-controlled entity (28,144) 0
Changes in operating assets and liabilities:    
Trade accounts receivable and other accounts receivable (49,014) (24,601)
Inventory 7,857 22,581
Energy commodity derivatives contracts, net of derivatives deposits 637 (11,402)
Accounts payable 5,850 12,226
Accrued payroll and benefits (12,725) 452
Accrued interest payable (2,393) (841)
Accrued taxes other than income 2,115 6,334
Accrued product purchases (6,183) (23,947)
Deferred revenue 17,191 4,141
Current and noncurrent environmental liabilities (5,649) (4,864)
Other current and noncurrent assets and liabilities (34,229) (11,950)
Net cash provided by operating activities 638,995 724,104
Investing Activities:    
Additions to property, plant and equipment, net(1) (517,810) (431,260)
Proceeds from sale and disposition of assets 6,098 3,178
Acquisition of business 0 (54,678)
Investments in non-controlled entities (174,900) (133,373)
Distributions in excess of earnings of non-controlled entities 4,500 9,341
Net cash used by investing activities (682,112) (606,792)
Financing Activities:    
Distributions paid (548,388) (489,535)
Net commercial paper repayments (244,963) (69,976)
Borrowings under long-term notes 1,142,997 499,589
Debt placement costs (10,500) (4,754)
Net payment on financial derivatives (19,287) (42,908)
Settlement of tax withholdings on long-term incentive compensation (14,376) (17,784)
Net cash provided (used) by financing activities 305,483 (125,368)
Change in cash and cash equivalents 262,366 (8,056)
Cash and cash equivalents at beginning of period 28,731 17,063
Cash and cash equivalents at end of period 291,097 9,007
Supplemental non-cash investing and financing activities:    
Contribution of property, plant and equipment to a non-controlled entity 0 13,252
Issuance of limited partner units in settlement of equity-based incentive plan awards 7,092 8,045
(1) Additions to property, plant and equipment (514,205) (439,721)
Changes in accounts payable and other current liabilities related to capital expenditures (3,605) 8,461
Additions to property, plant and equipment, net $ (517,810) $ (431,260)