XML 25 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net loss $ (127.8) $ (901.3)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation, amortization and accretion 177.0 224.5
Amortization of debt-related deferred costs, discounts and premiums 5.1 6.6
Market adjustment on interest rate swaps 0.0 (0.5)
Unit-based compensation charges 13.4 15.6
Loss on long-lived assets, net 34.8 3.9
Gains (Losses) on Extinguishment of Debt (10.0) 19.8
Goodwill impairment 109.7 890.9
Earnings from unconsolidated affiliates, net, adjusted for cash distributions received (3.9) (1.6)
Deferred income taxes (0.9) (2.5)
Other 0.3 0.6
Changes in operating assets and liabilities 46.8 45.6
Net cash provided by operating activities 244.5 301.6
Investing activities    
Purchases of property, plant and equipment (79.3) (122.8)
Investment in unconsolidated affiliates (6.2) (40.0)
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital 9.2 4.4
Net proceeds from sale of assets 943.1 2.9
Net cash provided by (used in) investing activities 866.8 (155.5)
Financing activities    
Proceeds from the issuance of long-term debt 1,364.0 3,470.5
Principal payments on long-term debt (2,279.4) (3,330.0)
Payments on capital leases (1.5) (1.6)
Payments for debt-related deferred costs (3.4) (17.3)
Distributions to partners 178.4 77.2
Distributions paid to non-controlling partners (11.4) (230.5)
Taxes paid for unit-based compensation vesting (0.8) (3.8)
Other 0.1 (1.2)
Net cash used in financing activities (1,110.8) (145.9)
Net change in cash 0.5 0.2
Cash at beginning of period 0.5  
Cash at end of period 1.0 9.0
Supplemental schedule of noncash investing and financing activities    
Net change to property, plant and equipment through accounts payable and accrued expenses (9.4) (19.3)
Preferred Units, Class A    
Financing activities    
Net proceeds from the issuance of Crestwood Midstream Partners LP Class A preferred units 0.0 58.8
Crestwood Midstream Partners LP    
Operating activities    
Net loss (130.3) (653.9)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation, amortization and accretion 185.2 208.3
Amortization of debt-related deferred costs, discounts and premiums 5.1 5.9
Unit-based compensation charges 13.4 14.0
Loss on long-lived assets, net 34.8 3.8
Gains (Losses) on Extinguishment of Debt (10.0) 18.9
Goodwill impairment 109.7 678.5
Earnings from unconsolidated affiliates, net, adjusted for cash distributions received (3.9) (1.6)
Deferred income taxes 0.2 0.2
Other 0.3 0.6
Changes in operating assets and liabilities 46.3 55.9
Net cash provided by operating activities 250.8 330.6
Investing activities    
Purchases of property, plant and equipment (79.3) (122.8)
Investment in unconsolidated affiliates (6.2) (39.8)
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital 9.2 4.4
Net proceeds from sale of assets 943.1 2.9
Net cash provided by (used in) investing activities 866.8 (155.3)
Financing activities    
Proceeds from the issuance of long-term debt 1,364.0 2,698.8
Principal payments on long-term debt (2,279.2) (2,187.9)
Payments on capital leases (1.5) (1.6)
Payments for debt-related deferred costs (3.4) (17.3)
Early Repayment of Senior Debt 0.0 (13.6)
Distributions to partners 185.0 710.0
Distributions to partners 196.4 717.6
Distributions paid to non-controlling partners (11.4) (7.6)
Proceeds from Issuance of Preferred Limited Partners Units 0.0 58.8
Taxes paid for unit-based compensation vesting (0.8) (2.1)
Other 0.1 (0.2)
Net cash used in financing activities (1,117.2) (182.7)
Net change in cash 0.4 (7.4)
Cash at beginning of period 0.1 7.6
Cash at end of period 0.5 0.2
Supplemental schedule of noncash investing and financing activities    
Net change to property, plant and equipment through accounts payable and accrued expenses $ (9.4) $ (19.3)