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Consolidated Statements of Cash Flows - WES Operating - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Cash flows from operating activities      
Net income (loss) $ 211,979 $ 181,010 [1]  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 113,946 84,790 [1]  
Impairments 390 200 [1] $ 230,600
Non-cash equity-based compensation expense 2,368 1,630 [1]  
Deferred income taxes 4,065 24,219 [1]  
Accretion and amortization of long-term obligations, net 1,511 2,103 [1]  
Equity income, net – affiliates [2] (57,992) (30,229) [1]  
Distributions from equity investment earnings – affiliates 54,221 31,576 [1]  
(Gain) loss on divestiture and other, net 590 (116) [1]  
(Gain) loss on interest-rate swaps 35,638 0 [1]  
Lower of cost or market inventory adjustments 7 143 [1]  
Changes in assets and liabilities:      
(Increase) decrease in accounts receivable, net 9,486 (29,632) [1]  
Increase (decrease) in accounts and imbalance payables and accrued liabilities, net (55,529) 28,904 [1]  
Change in other items, net 22,393 5,553 [1]  
Net cash provided by operating activities 343,073 300,151 [1]  
Cash flows from investing activities      
Capital expenditures (386,144) (533,185) [1]  
Investments in equity affiliates (36,543) [3] 0 [1]  
Distributions from equity investments in excess of cumulative earnings – affiliates 7,792 [4] 8,850 [1]  
Net cash used in investing activities (2,515,732) (524,219) [1]  
Cash flows from financing activities      
Borrowings, net of debt issuance costs [5] 2,430,750 1,444,082 [1]  
Repayments of debt [6] (467,595) (630,000) [1]  
Increase (decrease) in outstanding checks (5,890) (6,684) [1]  
Distributions to unitholders [7] (131,910) (120,140) [1]  
Net contributions from (distributions to) Anadarko 451,591 64,251 [1]  
Above-market component of swap agreements with Anadarko [7] 7,407 14,282 [1]  
Net cash provided by (used in) financing activities 2,180,564 668,166 [1]  
Net increase (decrease) in cash and cash equivalents 7,905 444,098 [1]  
Cash and cash equivalents at beginning of period [1] 92,142 79,588 79,588
Cash and cash equivalents at end of period 100,047 523,686 [1] 92,142 [1]
Supplemental disclosures      
Interest paid, net of capitalized interest 76,871 25,949 [1]  
Taxes paid (reimbursements received) 96 (87) [1]  
Accrued capital expenditures 203,509 367,095 [1]  
Chipeta [Member]      
Cash flows from financing activities      
Distributions to Chipeta noncontrolling interest owner (1,935) (3,353) [1]  
Affiliates [Member]      
Cash flows from investing activities      
Acquisitions (2,007,501) 0 [1]  
Cash flows from financing activities      
Borrowings, net of debt issuance costs 11,000 106,600  
Repayments of debt (439,600)    
Distributions to unitholders [8] (102,654) (98,000)  
Third Parties [Member]      
Cash flows from investing activities      
Acquisitions (93,303) 0 [1]  
Proceeds from the sale of assets (33) 116 [1]  
WES Operating [Member]      
Cash flows from operating activities      
Net income (loss) 214,450 182,870 [1]  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 113,946 84,790 [1]  
Impairments 390 200 [1]  
Non-cash equity-based compensation expense 2,116 1,563 [1]  
Deferred income taxes 4,065 24,219 [1]  
Accretion and amortization of long-term obligations, net 1,490 1,378 [1]  
Equity income, net – affiliates (57,992) (30,229) [1]  
Distributions from equity investment earnings – affiliates 54,221 31,576 [1]  
(Gain) loss on divestiture and other, net 590 (116) [1]  
(Gain) loss on interest-rate swaps 35,638 0 [1]  
Lower of cost or market inventory adjustments 7 143 [1]  
Changes in assets and liabilities:      
(Increase) decrease in accounts receivable, net 7,974 (29,633) [1]  
Increase (decrease) in accounts and imbalance payables and accrued liabilities, net (54,430) 28,672 [1]  
Change in other items, net 21,577 5,398 [1]  
Net cash provided by operating activities 344,042 300,831 [1]  
Cash flows from investing activities      
Capital expenditures (386,144) (533,185) [1]  
Investments in equity affiliates (36,543) 0 [1]  
Distributions from equity investments in excess of cumulative earnings – affiliates 7,792 8,850 [1]  
Net cash used in investing activities (2,515,732) (524,219) [1]  
Cash flows from financing activities      
Borrowings, net of debt issuance costs [9] 2,430,750 1,444,090 [1]  
Repayments of debt [10] (439,595) (630,000) [1]  
Increase (decrease) in outstanding checks (5,890) (6,684) [1]  
Distributions to unitholders [11] (263,358) (216,586) [1]  
Net contributions from (distributions to) Anadarko 451,591 64,251 [1]  
Above-market component of swap agreements with Anadarko [11] 7,407 14,282 [1]  
Net cash provided by (used in) financing activities 2,178,970 666,000 [1]  
Net increase (decrease) in cash and cash equivalents 7,280 442,612 [1]  
Cash and cash equivalents at beginning of period [1] 90,448 78,814 78,814
Cash and cash equivalents at end of period 97,728 521,426 [1] $ 90,448 [1]
Supplemental disclosures      
Interest paid, net of capitalized interest 76,637 25,606 [1]  
Taxes paid (reimbursements received) 96 (87) [1]  
Accrued capital expenditures 203,509 367,095 [1]  
WES Operating [Member] | Chipeta [Member]      
Cash flows from financing activities      
Distributions to Chipeta noncontrolling interest owner (1,935) (3,353) [1]  
WES Operating [Member] | Affiliates [Member]      
Cash flows from investing activities      
Acquisitions (2,007,501) 0 [1]  
Cash flows from financing activities      
Borrowings, net of debt issuance costs 11,000 106,600  
Repayments of debt (439,600)    
Distributions to unitholders [12] (164,902) (124,164)  
WES Operating [Member] | Third Parties [Member]      
Cash flows from investing activities      
Acquisitions (93,303) 0 [1]  
Proceeds from the sale of assets $ (33) $ 116 [1]  
[1] Financial information has been recast to include the financial position and results attributable to AMA. See Note 1 and Note 3.
[2] Represents amounts earned or incurred on and subsequent to the date of the acquisition of Partnership assets, as well as amounts earned or incurred by Anadarko on a historical basis related to the Partnership assets prior to the acquisition of such assets.
[3] Includes capitalized interest of $1.5 million related to the construction of the pipeline owned by Cactus II.
[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] For the three months ended March 31, 2019 and 2018, includes $11.0 million and $106.6 million of borrowings, respectively, under the APCWH Note Payable.
[6] For the three months ended March 31, 2019, includes a $439.6 million repayment to settle the APCWH Note Payable. See Note 6.
[7] See Note 6.
[8] Represents distributions paid to Anadarko under the partnership agreement of the Partnership (see Note 4 and Note 5).
[9] For the three months ended March 31, 2019 and 2018, includes $11.0 million and $106.6 million of borrowings, respectively, under the APCWH Note Payable.
[10] For the three months ended March 31, 2019, includes a $439.6 million repayment to settle the APCWH Note Payable. See Note 6.
[11] See Note 6.
[12] Represents distributions paid to the Partnership and other subsidiaries of Anadarko under WES Operating’s partnership agreement (see Note 4 and Note 5). For the three months ended March 31, 2019, includes distributions to the Partnership and a subsidiary of Anadarko related to the repayment of the WGP RCF (see Note 10).