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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net income (loss) $ 448,512 $ 573,202 $ 596,980
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 337,536 290,874 272,933
Impairments 228,338 178,374 15,535
Non-cash equity-based compensation expense 6,431 5,169 4,986
Deferred income taxes 2,466 2,458 2,555
Accretion and amortization of long-term obligations, net 5,943 4,932 (3,262)
Equity income, net – affiliates [1] (153,024) (85,194) (78,717)
Distributions from equity investment earnings – affiliates 144,299 87,380 82,185
(Gain) loss on divestiture and other, net [2] (1,312) (132,388) 14,641
(Gain) loss on interest-rate swaps 7,972 0 0
Lower of cost or market inventory adjustments 752 145 168
Changes in assets and liabilities:      
(Increase) decrease in accounts receivable, net (56,707) (16,195) (48,998)
Increase (decrease) in accounts and imbalance payables and accrued liabilities, net 31,903 (6,919) 58,365
Change in other items, net 13,586 (4,426) (4,295)
Net cash provided by operating activities 1,016,695 897,412 913,076
Cash flows from investing activities      
Capital expenditures (1,193,896) (675,025) (479,993)
Investments in equity affiliates (133,335) [3] (384) (27)
Distributions from equity investments in excess of cumulative earnings – affiliates 25,607 [4] 23,085 [4] 21,238
Proceeds from property insurance claims 0 22,977 17,465
Net cash used in investing activities (1,459,798) (763,604) (1,105,534)
Cash flows from financing activities      
Borrowings, net of debt issuance costs 2,349,557 369,989 1,323,198
Repayments of debt (1,040,000) 0 (900,000)
Increase (decrease) in outstanding checks (3,206) 5,593 2,079
Distributions to WGP unitholders [5] (502,457) (441,967) (374,082)
Net contributions from (distributions to) Anadarko 0 1,263 (23,491)
Above-market component of swap agreements with Anadarko [5] 51,618 58,551 45,820
Net cash provided by (used in) financing activities 455,657 (413,292) 451,836
Net increase (decrease) in cash and cash equivalents 12,554 (279,484) 259,378
Cash and cash equivalents at beginning of period 79,588 359,072 99,694
Cash and cash equivalents at end of period 92,142 79,588 359,072
Supplemental disclosures      
Accretion expense and revisions to the Deferred purchase price obligation – Anadarko [6] 0 (4,094) (147,234)
Net distributions to (contributions from) Anadarko of other assets [7] 0 (3,189) 581
Interest paid, net of capitalized interest 149,678 138,871 107,657
Taxes paid (reimbursements received) 2,408 1,194 838
Accrued capital expenditures 196,095 204,309 79,253
Fair value of properties and equipment from non-cash third party transactions [6] 0 551,453 0
Chipeta [Member]      
Cash flows from financing activities      
Distributions to Chipeta noncontrolling interest owner (13,529) (13,569) (13,784)
Western Gas Partners, LP [Member]      
Cash flows from financing activities      
Proceeds from the issuance of WES common units, net of offering expenses 0 (183) 0
Distributions to noncontrolling interest owners of WES (386,326) (355,623) (294,841)
Affiliates [Member]      
Cash flows from investing activities      
Contributions in aid of construction costs from affiliates 0 1,387 6,135
Acquisitions (254) (3,910) (716,465)
Proceeds from the sale of assets 0 0 623
Cash flows from financing activities      
Settlement of the Deferred purchase price obligation - Anadarko [6] 0 (37,346) 0
Distributions to WGP unitholders [8] (400,194) (360,523) (315,505)
Affiliates [Member] | Western Gas Partners, LP [Member]      
Cash flows from financing activities      
Distributions to WGP unitholders [9] (7,583) (7,100) (5,614)
Third Parties [Member]      
Cash flows from investing activities      
Acquisitions (161,858) (155,298) 0
Proceeds from the sale of assets 3,938 23,564 45,490
Series A Preferred Units [Member] | Western Gas Partners, LP [Member]      
Cash flows from financing activities      
Proceeds from the issuance of WES Series A Preferred units, net of offering expenses $ 0 $ 0 $ 686,937
[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.
[2] Includes losses related to an incident at the DBM complex for the year ended December 31, 2017. See Note 1.
[3] Includes capitalized interest of $1.4 million related to the construction of the Cactus II pipeline.
[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 6.
[6] See Note 3.
[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 6.
[8] Represents distributions paid under WGP’s partnership agreement (see Note 4 and Note 5).
[9] Represents distributions paid to other subsidiaries of Anadarko under WES’s partnership agreement (see Note 4 and Note 5).