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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net income $ 205.6 $ 18.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 242.7 242.3
Amortization of debt-related deferred costs and fair value adjustment 2.5 1.7
Unit-based compensation 25.7 26.8
Loss on long-lived assets, net 4.8 186.9
Gain on acquisition 0.0 (75.3)
Earnings from unconsolidated affiliates, net, adjusted for cash distributions received (133.3) (0.9)
Deferred income taxes (0.1) 1.1
Other 0.1 0.0
Changes in operating assets and liabilities 30.5 (123.9)
Net cash provided by operating activities 378.5 277.3
Investing activities    
Acquisitions, net of cash acquired (Note 3) 0.0 (604.3)
Purchases of property, plant and equipment (164.0) (147.3)
Investments in unconsolidated affiliates (7.2) (90.2)
Capital distributions from unconsolidated affiliates 4.4 9.4
Net proceeds from sale of assets, including equity investments 188.2 315.2
Net cash provided by (used in) investing activities 21.4 (517.2)
Financing activities    
Proceeds from the issuance of long-term debt 2,058.3 3,072.0
Payments on long-term debt (2,127.4) (2,393.1)
Payments on finance leases (2.0) (31.3)
Payments for deferred financing costs (9.2) (1.8)
Purchase of common units 0.0 (123.7)
Distributions to partners (206.7) (196.7)
Distributions to non-controlling partner (31.0) (31.0)
Distributions to preferred unitholders (45.1) (45.0)
Taxes paid for unit-based compensation vesting (20.5) (15.8)
Other 0.0 (0.6)
Net cash provided by (used in) financing activities (383.6) 233.0
Net change in cash 16.3 (6.9)
Cash at beginning of period 7.5 13.3
Cash at end of period 23.8 6.4
Supplemental schedule of noncash investing activities    
Net change to property, plant and equipment through accounts payable and accrued expenses (18.4) 19.9
Crestwood Midstream Partners LP    
Operating activities    
Net income 217.8 (107.4)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 242.5 248.0
Amortization of debt-related deferred costs and fair value adjustment 2.5 1.7
Unit-based compensation 25.7 26.8
Loss on long-lived assets, net 4.8 311.9
Gain on acquisition 0.0 (75.3)
Earnings from unconsolidated affiliates, net, adjusted for cash distributions received (133.3) (0.9)
Deferred income taxes 0.2 1.2
Other 0.1 0.0
Changes in operating assets and liabilities 31.2 (123.9)
Net cash provided by operating activities 391.5 282.1
Investing activities    
Acquisitions, net of cash acquired (Note 3) 0.0 (602.7)
Purchases of property, plant and equipment (164.0) (146.6)
Investments in unconsolidated affiliates (7.2) (90.2)
Capital distributions from unconsolidated affiliates 4.4 9.4
Net proceeds from sale of assets, including equity investments 188.2 315.2
Net cash provided by (used in) investing activities 21.4 (514.9)
Financing activities    
Proceeds from the issuance of long-term debt 2,058.3 3,072.0
Payments on long-term debt (2,127.4) (2,393.1)
Payments on finance leases (2.0) (31.3)
Payments for deferred financing costs (9.2) (1.8)
Contributions from partner 0.0 164.3
Distributions to partners (264.8) (537.6)
Distributions to non-controlling partner (31.0) (31.0)
Taxes paid for unit-based compensation vesting (20.5) (15.8)
Net cash provided by (used in) financing activities (396.6) 225.7
Net change in cash 16.3 (7.1)
Cash at beginning of period 7.1 12.9
Cash at end of period 23.4 5.8
Supplemental schedule of noncash investing activities    
Net change to property, plant and equipment through accounts payable and accrued expenses $ (18.4) $ 19.9