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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net income (loss) $ 423,615 $ 452,711
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 216,272 199,646
Impairments 170,079 11,313
Non-cash equity-based compensation expense 3,751 3,759
Deferred income taxes 3,882 2,321
Accretion and amortization of long-term obligations, net 3,701 (8,820)
Equity income, net – affiliates [1] (62,708) (56,801)
Distributions from equity investment earnings – affiliates 64,313 59,671
(Gain) loss on divestiture and other, net (135,017) 8,769
Lower of cost or market inventory adjustments 140 41
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable, net (47,137) (41,266)
Increase (decrease) in accounts and imbalance payables and accrued liabilities, net 4,127 24,227
Change in other items, net (2,549) (871)
Net cash provided by operating activities 642,469 654,700
Cash flows from investing activities    
Capital expenditures (419,193) (372,725)
Investments in equity affiliates (384) 139
Distributions from equity investments in excess of cumulative earnings – affiliates 16,255 [2] 16,592
Proceeds from property insurance claims 22,977 18,398
Net cash used in investing activities (514,797) (1,040,692)
Cash flows from financing activities    
Borrowings, net of debt issuance costs 249,989 1,120,580
Repayments of debt 0 (880,000)
Increase (decrease) in outstanding checks 3,310 (1,070)
Distributions to WGP unitholders [3] (324,290) (276,114)
Net contributions from (distributions to) Anadarko 30 (29,335)
Above-market component of swap agreements with Anadarko [3] 46,719 34,782
Net cash provided by (used in) financing activities (333,708) 432,646
Net increase (decrease) in cash and cash equivalents (206,036) 46,654
Cash and cash equivalents at beginning of period 359,072 99,694
Cash and cash equivalents at end of period 153,036 146,348
Supplemental disclosures    
Accretion expense and revisions to the Deferred purchase price obligation – Anadarko [4] (4,094) (172,249)
Net distributions to (contributions from) Anadarko of other assets (1,373) 581
Interest paid, net of capitalized interest 98,956 83,352
Taxes paid 189 67
Accrued capital expenditures 165,732 49,328
Fair value of properties and equipment from non-cash third party transactions [4] 551,453 0
Chipeta [Member]    
Cash flows from financing activities    
Distributions to Chipeta noncontrolling interest owner (9,049) (11,257)
Western Gas Partners, LP [Member]    
Cash flows from financing activities    
Proceeds from the issuance of WES common units, net of offering expenses (183) 0
Distributions to noncontrolling interest owners of WES (262,888) (211,877)
Western Gas Partners, LP [Member] | Series A Preferred Units [Member]    
Cash flows from financing activities    
Proceeds from the issuance of WES Series A Preferred units, net of offering expenses 0 686,937
Affiliates [Member]    
Cash flows from investing activities    
Contributions in aid of construction costs from affiliates 1,386 4,927
Acquisitions (3,910) (716,465)
Proceeds from the sale of assets 0 623
Cash flows from financing activities    
Settlement of the Deferred purchase price obligation - Anadarko [4] (37,346) 0
Distributions to WGP unitholders [5] (264,533) (235,587)
Affiliates [Member] | Western Gas Partners, LP [Member]    
Cash flows from financing activities    
Distributions to WGP unitholders [6] (5,280) (3,915)
Third Parties [Member]    
Cash flows from investing activities    
Acquisitions (155,298) 0
Proceeds from the sale of assets $ 23,370 $ 7,819
[1] Represents amounts earned or incurred on and subsequent to the date of the acquisition of WES assets, as well as amounts earned or incurred by Anadarko on a historical basis related to WES assets prior to the acquisition of such assets by WES, recognized under gathering, treating or processing agreements, and purchase and sale agreements.
[2] Distributions in excess of cumulative earnings, classified as investing cash flows in the consolidated statements of cash flows, is calculated on an individual investment basis.
[3] See Note 5.
[4] See Note 2.
[5] Represents distributions paid under WGP’s partnership agreement (see Note 3 and Note 4).
[6] Represents distributions paid to other subsidiaries of Anadarko under WES’s partnership agreement (see Note 3 and Note 4).