XML 70 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income $ 40,445 $ 216,965 $ 104,800
Adjustments to reconcile net income to net cash provided by operating activities (net of acquisitions):      
Depreciation 299,884 183,250 143,704
Amortization of intangible assets 64,644 53,320 43,617
Loss on redemption of debt 38,455   78,996
Amortization of deferred financing costs and discount 6,726 5,601 5,114
Accretion of asset retirement obligations 824 672 1,185
Amortization of deferred contract cost 312 312 312
Phantom unit compensation expense 16,282 14,615 13,479
Equity in earnings of unconsolidated affiliates (1,422) (2,328) (158)
Contributions to unconsolidated affiliate     (560)
Distributions from unconsolidated affiliates 6,370 8,416 4,382
Unrealized loss (gain) on derivative instruments 15,602 (102,127) 4,147
(Loss) gain on disposal of property, plant and equipment (33,763) 6,254 8,797
Deferred income taxes 23,877 40,694 (3,929)
Other     1,626
Changes in operating assets and liabilities, net of working capital acquired:      
Receivables (85,927) 31,993 (45,107)
Inventories (16,730) 16,580 (16,025)
Other current assets (9,197) (23,285) (3,557)
Accounts payable and accrued liabilities 68,070 28,417 54,795
Other long-term assets (21,747) (647) (308)
Other long-term liabilities 22,945 13,311 15,093
Net cash provided by operating activities 435,650 492,013 410,403
Cash flows from investing activities:      
Restricted cash 15,500 (9,497) 2,006
Capital expenditures (3,046,956) (1,950,324) (550,839)
Acquisition of business, net of cash acquired (222,888) (506,797) (230,728)
Investment in unconsolidated affiliates (17,521) (6,066)  
Proceeds from disposal of property, plant and equipment 209,303 596 3,450
Net cash flows used in investing activities (3,062,562) (2,472,088) (776,111)
Cash flows from financing activities:      
Proceeds from public equity offerings, net 1,698,066 1,634,081 1,095,488
Proceeds from Credit facility   511,100 1,182,200
Payments of Credit facility   (577,100) (1,116,200)
Proceeds from long-term debt 1,000,000 742,613 1,199,000
Payments of long-term debt (501,112)   (693,888)
Payments of premiums on redemption of long-term debt (31,516)   (71,377)
Payments for debt issuance costs, deferred financing costs and registration costs (14,046) (14,720) (20,163)
Acquisition of non-controlling interest, including transaction costs     (997,601)
Contributions from non-controlling interest 685,219 264,781 126,392
Payments of SMR Liability (2,241) (2,058) (1,875)
Cash paid for taxes related to net settlement of share-based payment awards (5,210) (8,067) (6,354)
Excess tax benefits related to share-based compensation   907 1,084
Payment of distributions to common unitholders (462,488) (339,967) (218,398)
Payment of distributions to non-controlling interest (211) (71) (62,805)
Net cash flows provided by financing activities 2,366,461 2,211,499 415,503
Net (decrease) increase in cash and cash equivalents (260,451) 231,424 49,795
Cash and cash equivalents at beginning of year 345,756 114,332 64,537
Cash and cash equivalents at end of year $ 85,305 $ 345,756 $ 114,332