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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities:    
Net income $ 287,564 $ 207,663
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and impairment expense 63,534 61,871
Gain on sale and retirement of assets (13,002) (21,759)
Earnings of non-controlled entities (43,660) (31,255)
Distributions from operations of non-controlled entities 54,743 43,069
Equity-based incentive compensation expense 155 4,914
Settlement gain, amortization of prior service credit and actuarial loss 1,113 1,303
Debt prepayment costs 0 8,270
Changes in operating assets and liabilities:    
Trade accounts receivable and other accounts receivable 29,988 (36,886)
Inventory 112,007 (9,313)
Accounts payable 7,926 2,909
Accrued payroll and benefits (43,962) (39,065)
Accrued interest payable (16,792) (16,470)
Accrued taxes other than income (17,673) (12,020)
Accrued product liabilities (38,440) 18,949
Deferred revenue 3,656 (2,395)
Other current and noncurrent assets and liabilities (2,536) 26,771
Net cash provided by operating activities 384,621 206,556
Investing Activities:    
Additions to property, plant and equipment, net (172,671) (206,436)
Proceeds from sale and disposition of assets 332,789 53,676
Investments in non-controlled entities (28,325) (76,634)
Distributions from returns of investments in non-controlled entities 0 7,500
Net cash provided (used) by investing activities 131,793 (221,894)
Financing Activities:    
Distributions paid (234,774) (227,832)
Net commercial paper borrowings 0 69,000
Borrowings under long-term notes 0 496,855
Payments on notes 0 (550,000)
Debt placement costs 0 (5,355)
Net payment on financial derivatives 0 (8,028)
Payments associated with settlement of equity-based incentive compensation (14,700) (9,764)
Debt prepayment costs 0 (8,270)
Repurchases of common units 201,982 0
Net cash used by financing activities (451,456) (243,394)
Change in cash, cash equivalents and restricted cash 64,958 (258,732)
Cash, cash equivalents and restricted cash at beginning of period 84,599 309,261
Cash, cash equivalents and restricted cash at end of period 149,557 50,529
Supplemental non-cash investing activities:    
Additions to property, plant and equipment (152,292) (260,734)
Changes in accounts payable and other current liabilities related to capital expenditures (20,379) 54,298
Additions to property, plant and equipment, net $ (172,671) $ (206,436)