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Consolidated Statement of Equity and Partners' Capital (USD $)
In Thousands
Total
Chipeta Processing Limited Liability Company [Member]
Western Gas Partners [Member]
IPO [Member]
Net Investment by Anadarko [Member]
Net Investment by Anadarko [Member]
Chipeta Processing Limited Liability Company [Member]
Net Investment by Anadarko [Member]
IPO [Member]
Common Units [Member]
Common Units [Member]
IPO [Member]
Noncontrolling Interest [Member]
Noncontrolling Interest [Member]
Chipeta Processing Limited Liability Company [Member]
Noncontrolling Interest [Member]
Western Gas Partners [Member]
Balance at Dec. 31, 2010 $ 1,233,942       $ 421,121         $ 812,821    
Net income 180,215       94,158         86,057    
Dividend Payable - Anadarko [1] (30,101)       (30,101)              
Conversion of subordinated units/net investment [2]         160,407         (160,407)    
WES equity transactions, net [3] 286,912       31,623         255,289    
Contributions received from Chipeta noncontrolling interest owners (including Anadarko) 33,637                 33,637    
Distributions to noncontrolling interest owners   (17,478) (72,079)               (17,478) (72,079)
Acquisitions from affiliates (25,000)       (25,000)              
Contributions of equity-based compensation to WES by Anadarko [4] 9,666       9,689         (23)    
Net pre-acquisition contributions from (distributions to) Anadarko (67,659)       (67,659)              
Elimination of net deferred tax liabilities 22,072       22,072              
Other (309)       (573)         264    
Balance at Dec. 31, 2011 1,553,818       615,737     0   938,081    
Net income 120,601       58,611     2,809   59,181    
Issuance of common units, net of offering expenses 409,903             409,903        
Dividend Payable - Anadarko [1] (158,791)       (158,791)              
Conversion of subordinated units/net investment             (673,451)   673,451      
WES equity transactions, net [3] 211,932       52,875     (173,787)   332,844    
Contributions received from Chipeta noncontrolling interest owners (including Anadarko) 29,108                 29,108    
Distributions to noncontrolling interest owners   (17,303) (99,570)               (17,303) (99,570)
Acquisitions from affiliates (458,764) (121,104) [5]     (458,764) (43,909) [5]         (77,195) [5]  
Contributions of equity-based compensation to WES by Anadarko [4] 87,057       86,673         384    
Net pre-acquisition contributions from (distributions to) Anadarko 256,403       256,403              
Net distributions of other assets to Anadarko (15,296)       (15,275)         (21)    
Elimination of net deferred tax liabilities 106,504     373,353 106,504   373,353          
Other 2,528       (6)         2,534    
Balance at Dec. 31, 2012 2,280,379       199,960     912,376   1,168,043    
Net income 282,387       4,686     155,528   122,173    
WES equity transactions, net [3] 724,811             187,016   537,795    
Contributions received from Chipeta noncontrolling interest owners (including Anadarko) 2,247                 2,247    
Distributions to noncontrolling interest owners   (13,127) (130,706)               (13,127) (130,706)
Distributions to unitholders (137,000)             (137,000)        
Acquisitions from affiliates (465,500)       (255,635)     (209,865)        
Contributions of equity-based compensation to WES by Anadarko [4] 2,932             2,846   86    
Net pre-acquisition contributions from (distributions to) Anadarko 4,459       4,459              
Net distributions of other assets to Anadarko (5,855)             (5,855)        
Elimination of net deferred tax liabilities 46,530       46,530              
Other 381             36   345    
Balance at Dec. 31, 2013 $ 2,591,938       $ 0     $ 905,082   $ 1,686,856    
[1] Associated with the Incentive Plan. See Note 6.
[2] Includes $93.6 million of tax associated with WES equity transactions that occurred prior to the one-for-one conversion of WES subordinated units to common units in August 2011.
[3] Includes the impact of WES’s public equity offerings and units issued in connection with acquisitions of assets from Anadarko as described in Note 2. Partners’ capital and noncontrolling interest include $18.4 million and $23.0 million, respectively, of tax associated with WES equity transactions for the year ended December 31, 2011. The $120.9 million decrease to partners’ capital, together with net income attributable to Western Gas Equity Partners, LP, totaled $(59.5) million for the year ended December 31, 2012. The $187.0 million increase to partners’ capital, together with net income attributable to Western Gas Equity Partners, LP totaled $347.2 million for the year ended December 31, 2013.
[4] Associated with the Anadarko Incentive Plans for the years ended December 31, 2011 and 2013, and associated with the Anadarko Incentive Plans and the Incentive Plan for the year ended December 31, 2012, as defined and described in Note 1 and Note 6.
[5] See Note 2 for a description of WES’s acquisition of Anadarko’s then-remaining 24% membership interest in Chipeta in August 2012. The $43.9 million decrease to partners’ capital resulting from the August 2012 Chipeta acquisition, together with net income attributable to Western Gas Equity Partners, LP, totaled $17.5 million for the year ended December 31, 2012.