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Supplemental Cash Flow Information (Tables)
12 Months Ended
Dec. 31, 2022
Supplemental Cash Flow Information [Abstract]  
Supplemental Cash Flow Information

 

Year Ended December 31,

 

 

2022

 

 

2021

 

 

2020

 

Cash:

 

 

 

 

 

 

 

 

 

 

 

Interest paid, net of capitalized interest (1)

$

 

401.3

 

 

$

 

356.0

 

 

$

 

374.1

 

Income taxes (received) paid, net

 

 

1.6

 

 

 

 

1.3

 

 

 

 

43.7

 

Non-cash investing activities:

 

 

 

 

 

 

 

 

 

 

 

Change in deadstock commodity inventory

$

 

(3.8

)

 

$

 

(15.0

)

 

$

 

5.3

 

Impact of capital expenditure accruals on property, plant and equipment, net

 

 

60.1

 

 

 

 

53.0

 

 

 

 

(226.9

)

Transfers from materials and supplies inventory to property, plant and equipment

 

 

 

 

 

 

2.4

 

 

 

 

2.1

 

Change in ARO liability and property, plant and equipment due to revised cash flow estimate and additions

 

 

0.8

 

 

 

 

(0.2

)

 

 

 

(1.8

)

Non-cash financing activities:

 

 

 

 

 

 

 

 

 

 

 

Non-cash distributions to noncontrolling interests (2)

$

 

64.2

 

 

$

 

 

 

$

 

 

Changes in accrued distributions to noncontrolling interests

 

 

(26.1

)

 

 

 

(50.9

)

 

 

 

(5.2

)

Reduction of owner's equity related to accrued dividends on unvested equity awards under share compensation arrangements

 

 

7.1

 

 

 

 

3.1

 

 

 

 

5.4

 

Accretion of deemed dividends on Series A Preferred

 

 

 

 

 

 

 

 

 

 

37.6

 

Lease liabilities arising from recognition of right-of-use assets:

 

 

 

 

 

 

 

 

 

 

 

Operating lease

$

 

9.7

 

 

$

 

20.1

 

 

$

 

13.2

 

Finance lease (3)

 

 

220.7

 

 

 

 

24.7

 

 

 

 

6.0

 

 

(1)
Interest capitalized on major projects was $16.3 million, $4.1 million and $33.0 million for the years ended December 31, 2022, 2021 and 2020.
(2)
Represents the transfer of an undivided interest in certain gas gathering and processing facilities to a joint owner upon Targa's recovery of a specified payout amount for our initial full funding of the facilities.
(3)
The December 31, 2022 balance includes $171.2 million related to compressor leases from the Delaware Basin Acquisition that were subsequently amended and extended.