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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities      
Net income (loss) $ 573,202 $ 596,980 $ 11,098
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 290,874 272,933 272,611
Impairments 178,374 15,535 515,458
Non-cash equity-based compensation expense 5,169 4,986 4,445
Deferred income taxes 2,458 2,555 11,346
Accretion and amortization of long-term obligations, net 4,932 (3,262) 17,698
Equity income, net – affiliates [1] (85,194) (78,717) (71,251)
Distributions from equity investment earnings – affiliates 87,380 82,185 82,054
(Gain) loss on divestiture and other, net [2],[3] (132,388) 14,641 (57,024)
Lower of cost or market inventory adjustments 145 168 443
Changes in assets and liabilities:      
(Increase) decrease in accounts receivable, net (16,195) (48,998) (4,428)
Increase (decrease) in accounts and imbalance payables and accrued liabilities, net (6,919) 58,365 1,006
Change in other items, net (4,426) (4,295) (647)
Net cash provided by operating activities 897,412 913,076 782,809
Cash flows from investing activities      
Capital expenditures (675,025) (479,993) (637,964)
Investments in equity affiliates (384) (27) (11,442)
Distributions from equity investments in excess of cumulative earnings – affiliates 23,085 [4] 21,238 [4] 16,244
Proceeds from property insurance claims 22,977 17,465 0
Net cash used in investing activities (763,604) (1,105,534) (500,277)
Cash flows from financing activities      
Borrowings, net of debt issuance costs 369,989 1,323,198 889,606
Repayments of debt 0 (900,000) (611,150)
Increase (decrease) in outstanding checks 5,593 2,079 (2,666)
Distributions to WGP unitholders [5] (441,967) (374,082) (306,477)
Net contributions from (distributions to) Anadarko 1,263 (23,491) (49,801)
Above-market component of swap agreements with Anadarko [5] 58,551 45,820 18,449
Net cash provided by (used in) financing activities (413,292) 451,836 (250,051)
Net increase (decrease) in cash and cash equivalents (279,484) 259,378 32,481
Cash and cash equivalents at beginning of period 359,072 99,694 67,213
Cash and cash equivalents at end of period 79,588 359,072 99,694
Supplemental disclosures      
Accretion expense and revisions to the Deferred purchase price obligation – Anadarko [6] (4,094) (147,234) 174,276
Net distributions to (contributions from) Anadarko of other assets [7] (3,189) 581 4,632
Interest paid, net of capitalized interest 138,871 107,657 94,720
Taxes paid (reimbursements received) 1,194 838 (138)
Accrued capital expenditures 204,309 79,253 61,454
Fair value of properties and equipment from non-cash third party transactions [6] 551,453 0 0
Chipeta [Member]      
Cash flows from financing activities      
Distributions to Chipeta noncontrolling interest owner (13,569) (13,784) (12,187)
Western Gas Partners, LP [Member]      
Cash flows from financing activities      
Proceeds from the issuance of WES common units, net of offering expenses (183) 0 57,353
Distributions to noncontrolling interest owners of WES (355,623) (294,841) (233,178)
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 0
Affiliates [Member]      
Cash flows from investing activities      
Contributions in aid of construction costs from affiliates 1,387 6,135 461
Acquisitions (3,910) (716,465) (10,903)
Proceeds from the sale of assets 0 623 925
Cash flows from financing activities      
Settlement of the Deferred purchase price obligation - Anadarko [6] (37,346) 0 0
Distributions to WGP unitholders [8] (360,523) (315,505) (269,029)
Affiliates [Member] | Western Gas Partners, LP [Member]      
Cash flows from financing activities      
Distributions to WGP unitholders [9] (7,100) (5,614) (2,235)
Third Parties [Member]      
Cash flows from investing activities      
Acquisitions (155,298) 0 (3,514)
Proceeds from the sale of assets $ 23,564 $ 45,490 $ 145,916
[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] Includes losses related to an incident at the DBM complex for the years ended December 31, 2017 and 2015. See Note 1.
[3] Includes losses related to an incident at the DBM complex for the years ended December 31, 2017 and 2015. See Note 1.
[4] Distributions in excess of cumulative earnings, classified as investing cash flows in the consolidated statements of cash flows, are calculated on an individual investment basis.
[5] See Note 5.
[6] See Note 2.
[7] Includes $(1.4) million related to pipe and equipment purchases and $(1.8) million related to other assets for the year ended December 31, 2017. See Note 5.
[8] Represents distributions paid under WGP’s partnership agreement (see Note 3 and Note 4).
[9] Represents distributions paid to other subsidiaries of Anadarko under WES’s partnership agreement (see Note 3 and Note 4).