Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Condensed Consolidating Balance Sheet

Crestwood Midstream Partners LP
Condensed Consolidating Balance Sheet
December 31, 2019
(in millions)
	Parent		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets:
Cash	$	1.8	$	—	$	23.6	$	—		$	25.4
Accounts receivable	—		229.1		12.8		—			241.9
Inventory	—		53.7		—		—			53.7
Other current assets	—		54.6		0.2		—			54.8
Total current assets	1.8		337.4		36.6		—			375.8
Property, plant and equipment, net	—		2,331.3		736.2		—			3,067.5
Goodwill and intangible assets, net	—		650.7		373.4		—			1,024.1
Operating lease right-of-use assets, net	—		51.0		2.8		—			53.8
Investments in consolidated affiliates	4,451.6		—		—		(4,451.6		)	—
Investments in unconsolidated affiliates	—		—		980.4		—			980.4
Other non-current assets	—		1.9		0.5		—			2.4
Total assets	$	4,453.4	$	3,372.3	$	2,129.9	$	(4,451.6	)	$	5,504.0
Liabilities and capital
Current liabilities:
Accounts payable	$	—	$	175.9	$	10.7	$	—		$	186.6
Other current liabilities	25.8		123.9		17.6		—			167.3
Total current liabilities	25.8		299.8		28.3		—			353.9
Long-term liabilities:
Long-term debt, less current portion	2,328.3		—		—		—			2,328.3
Other long-term liabilities	—		174.8		120.8		—			295.6
Deferred income taxes	—		0.7		—		—			0.7
Total liabilities	2,354.1		475.3		149.1		—			2,978.5
Interest of non-controlling partner in subsidiary	—		—		426.2		—			426.2
Partners’ capital	2,099.3		2,897.0		1,554.6		(4,451.6		)	2,099.3
Total liabilities and capital	$	4,453.4	$	3,372.3	$	2,129.9	$	(4,451.6	)	$	5,504.0

Crestwood Midstream Partners LP
Condensed Consolidating Balance Sheet
December 31, 2018
(in millions)
	Parent		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets:
Cash	$	0.2	$	—	$	—	$	—		$	0.2
Restricted cash	16.3		—		—		—			16.3
Accounts receivable	—		246.3		19.9		(16.3		)	249.9
Inventory	—		64.6		—		—			64.6
Other current assets	—		46.0		—		—			46.0
Total current assets	16.5		356.9		19.9		(16.3		)	377.0
Property, plant and equipment, net	—		2,202.3		—		—			2,202.3
Goodwill and intangible assets, net	—		692.4		—		—			692.4
Investments in consolidated affiliates	3,800.4		—		—		(3,800.4		)	—
Investments in unconsolidated affiliates	—		—		1,188.2		—			1,188.2
Other non-current assets	—		2.1		—		—			2.1
Total assets	$	3,816.9	$	3,253.7	$	1,208.1	$	(3,816.7	)	$	4,462.0
Liabilities and partners’ capital
Current liabilities:
Accounts payable	$	16.3	$	210.5	$	—	$	(16.3	)	$	210.5
Other current liabilities	20.0		81.8		16.2		—			118.0
Total current liabilities	36.3		292.3		16.2		(16.3		)	328.5
Long-term liabilities:
Long-term debt, less current portion	1,752.4		—		—		—			1,752.4
Other long-term liabilities	—		114.0		57.0		—			171.0
Deferred income taxes	—		0.6		—		—			0.6
Total liabilities	1,788.7		406.9		73.2		(16.3		)	2,252.5
Partners’ capital	2,028.2		2,846.8		953.6		(3,800.4		)	2,028.2
Interest of non-controlling partner in subsidiary	—		—		181.3		—			181.3
Total partners’ capital	2,028.2		2,846.8		1,134.9		(3,800.4		)	2,209.5
Total liabilities and partners’ capital	$	3,816.9	$	3,253.7	$	1,208.1	$	(3,816.7	)	$	4,462.0

Condensed Consolidating Statements of Operations

Crestwood Midstream Partners LP
Condensed Consolidating Statements of Operations
Year Ended December 31, 2019
(in millions)
	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	—		$	3,111.8		$	70.1		$	—		$	3,181.9
Costs of product/services sold	—			2,544.9			—			—			2,544.9
Operating expenses and other:
Operations and maintenance	—			120.0			18.8			—			138.8
General and administrative	51.2			47.0			—			—			98.2
Depreciation, amortization and accretion	—			179.4			30.5			—			209.9
Loss on long-lived assets, net	—			6.2			—			—			6.2
Gain on acquisition	—			—			(209.4		)	—			(209.4		)
	51.2			352.6			(160.1		)	—			243.7
Operating income (loss)	(51.2		)	214.3			230.2			—			393.3
Earnings from unconsolidated affiliates, net	—			—			32.8			—			32.8
Interest and debt income (expense), net	(115.5		)	—			0.1			—			(115.4		)
Other income, net	—			0.2			—			—			0.2
Equity in net income (loss) of subsidiaries	442.5			—			—			(442.5		)	—
Income (loss) before income taxes	275.8			214.5			263.1			(442.5		)	310.9
Provision for income taxes	—			(0.3		)	—			—			(0.3		)
Net income (loss)	275.8			214.2			263.1			(442.5		)	310.6
Net income attributable to non-controlling partner	—			—			34.8			—			34.8
Net income (loss) attributable to Crestwood Midstream Partners LP	$	275.8		$	214.2		$	228.3		$	(442.5	)	$	275.8

Crestwood Midstream Partners LP
Condensed Consolidating Statements of Operations
Year Ended December 31, 2018
(in millions)
	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Revenues	$	—		$	3,654.1	$	—	$	—		$	3,654.1
Costs of product/services sold	—			3,129.4		—		—			3,129.4
Operating expenses and other:
Operations and maintenance	—			125.8		—		—			125.8
General and administrative	55.1			28.4		—		—			83.5
Depreciation, amortization and accretion	—			181.4		—		—			181.4
Loss on long-lived assets, net	—			28.6		—		—			28.6
	55.1			364.2		—		—			419.3
Operating income (loss)	(55.1		)	160.5		—		—			105.4
Earnings from unconsolidated affiliates, net	—			—		53.3		—			53.3
Interest and debt expense, net	(99.2		)	—		—		—			(99.2		)
Loss on modification/extinguishment of debt	(0.9		)	—		—		—			(0.9		)
Equity in net income (loss) of subsidiaries	197.6			—		—		(197.6		)	—
Net income (loss)	42.4			160.5		53.3		(197.6		)	58.6
Net income attributable to non-controlling partner	—			—		16.2		—			16.2
Net income (loss) attributable to Crestwood Midstream Partners LP	$	42.4		$	160.5	$	37.1	$	(197.6	)	$	42.4

Crestwood Midstream Partners
Condensed Consolidating Statements of Operations
Year Ended December 31, 2017
(in millions)
	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	—		$	3,880.9	$	—		$	—		$	3,880.9
Costs of product/services sold	—			3,374.7		—			—			3,374.7
Operating expenses and other:
Operations and maintenance	—			136.0		—			—			136.0
General and administrative	67.6			25.5		—			—			93.1
Depreciation, amortization and accretion	—			202.7		—			—			202.7
Loss on long-lived assets, net	—			65.6		—			—			65.6
Goodwill impairment	—			38.8		—			—			38.8
Loss on contingent consideration	—			—		57.0			—			57.0
	67.6			468.6		57.0			—			593.2
Operating income (loss)	(67.6		)	37.6		(57.0		)	—			(87.0		)
Earnings from unconsolidated affiliates, net	—			—		47.8			—			47.8
Interest and debt expense, net	(99.4		)	—		—			—			(99.4		)
Loss on modification/extinguishment of debt	(37.7		)	—		—			—			(37.7		)
Other income, net	—			0.8		—			—			0.8
Equity in net income (loss) of subsidiaries	3.9			—		—			(3.9		)	—
Net income (loss)	(200.8		)	38.4		(9.2		)	(3.9		)	(175.5		)
Net income attributable to non-controlling partner	—			—		25.3			—			25.3
Net income (loss) attributable to Crestwood Midstream Partners LP	$	(200.8	)	$	38.4	$	(34.5	)	$	(3.9	)	$	(200.8	)

Condensed Consolidating Statements of Cash Flows

Crestwood Midstream Partners LP
Condensed Consolidating Statements of Cash Flows
Year Ended December 31, 2019
(in millions)
	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:	$	(171.0	)	$	469.1		$	126.0		$	—		$	424.1
Cash flows from investing activities:
Acquisition, net of cash acquired	—			—			(462.1		)	—			(462.1		)
Purchases of property, plant and equipment	—			(258.1		)	(197.4		)	—			(455.5		)
Investment in unconsolidated affiliates	—			—			(61.3		)	—			(61.3		)
Capital distributions from unconsolidated affiliates	—			—			35.5			—			35.5
Net proceeds from sale of assets	—			0.8			—			—			0.8
Other	—			(1.1		)	—			—			(1.1		)
Capital contributions to consolidated affiliates	(203.8		)	—			—			203.8			—
Net cash provided by (used in) investing activities	(203.8		)	(258.4		)	(685.3		)	203.8			(943.7		)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	2,307.3			—			—			—			2,307.3
Payments on long-term debt	(1,728.6		)	(0.9		)	—			—			(1,729.5		)
Payments on finance leases	—			(3.5		)	—			—			(3.5		)
Payments for debt-related deferred costs	(9.0		)	—			—			—			(9.0		)
Net proceeds from the issuance of     non-controlling interest	—			—			235.0			—			235.0
Distributions to partners	(235.8		)	—			(25.0		)	—			(260.8		)
Contributions from parent	—			—			203.8			(203.8		)	—
Taxes paid for unit-based compensation vesting	—			(11.0		)	—			—			(11.0		)
Change in intercompany balances	26.2			(195.3		)	169.1			—			—
Net cash provided by (used in) financing activities	360.1			(210.7		)	582.9			(203.8		)	528.5
Net change in cash and restricted cash	(14.7		)	—			23.6			—			8.9
Cash and restricted cash at beginning of period	16.5			—			—			—			16.5
Cash and restricted cash at end of period	$	1.8		$	—		$	23.6		$	—		$	25.4

Crestwood Midstream Partners LP
Condensed Consolidating Statements of Cash Flows
Year Ended December 31, 2018
(in millions)
	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:	$	(131.7	)	$	339.2		$	53.0		$	—		$	260.5
Cash flows from investing activities:
Purchases of property, plant and equipment	—			(305.5		)	—			—			(305.5		)
Investment in unconsolidated affiliates	—			—			(64.4		)	—			(64.4		)
Capital distributions from unconsolidated affiliates	—			—			49.2			—			49.2
Net proceeds from sale of assets	—			79.5			—			—			79.5
Capital distributions from consolidated affiliates	27.9			—			—			(27.9		)	—
Net cash provided by (used in) investing activities	27.9			(226.0		)	(15.2		)	(27.9		)	(241.2		)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	2,274.8			—			—			—			2,274.8
Payments on long-term debt	(2,014.8		)	(0.9		)	—			—			(2,015.7		)
Payments on capital leases	—			(1.6		)	—			—			(1.6		)
Payments for deferred financing costs	(5.7		)	—			—			—			(5.7		)
Distributions to partners	(238.4		)	—			(9.9		)	—			(248.3		)
Distributions to parent	—			—			(27.9		)	27.9			—
Taxes paid for unit-based compensation vesting	—			(7.4		)	—			—			(7.4		)
Change in intercompany balances	103.4			(103.4		)	—			—			—
Other	—			0.1			—			—			0.1
Net cash provided by (used in) financing activities	119.3			(113.2		)	(37.8		)	27.9			(3.8		)
Net change in cash and restricted cash	15.5			—			—			—			15.5
Cash and restricted cash at beginning of period	1.0			—			—			—			1.0
Cash and restricted cash at end of period	$	16.5		$	—		$	—		$	—		$	16.5

Crestwood Midstream Partners LP
Condensed Consolidating Statements of Cash Flows
December 31, 2017
(in millions)
	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:	$	(162.3	)	$	379.2		$	45.3		$	—		$	262.2
Cash flows from investing activities:
Purchases of property, plant and equipment	—			(188.4		)	—			—			(188.4		)
Investment in unconsolidated affiliates	—			—			(58.0		)	—			(58.0		)
Capital distributions from unconsolidated affiliates	—			—			59.9			—			59.9
Net proceeds from sale of assets	—			225.2			—			—			225.2
Capital contributions to consolidated affiliates	4.3			—			—			(4.3		)	—
Net cash provided by (used in) investing activities	4.3			36.8			1.9			(4.3		)	38.7
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	2,838.6			—			—			—			2,838.6
Payments on long-term debt	(2,912.6		)	(1.3		)	—			—			(2,913.9		)
Payments on capital leases	—			(2.7		)	—			—			(2.7		)
Payments for deferred financing costs	(1.0		)	—			—			—			(1.0		)
Redemption of non-controlling interest	—			—			(202.7		)	—			(202.7		)
Net proceeds from issuance of non-controlling      interest	—			—			175.0			—			175.0
Distributions to partners	(174.0		)	—			(15.2		)	—			(189.2		)
Distributions to parent	—			—			(4.3		)	4.3			—
Taxes paid for unit-based compensation vesting	—			(5.5		)	—			—			(5.5		)
Change in intercompany balances	406.7			(406.7		)	—			—			—
Other	—			0.2			—			—			0.2
Net cash provided by (used in) financing activities	157.7			(416.0		)	(47.2		)	4.3			(301.2		)
Net change in cash and restricted cash	(0.3		)	—			—			—			(0.3		)
Cash and restricted cash at beginning of period	1.3			—			—			—			1.3
Cash and restricted cash at end of period	$	1.0		$	—		$	—		$	—		$	1.0