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Consolidated Statements of Cash Flows - WES Operating - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Cash flows from operating activities              
Net income (loss) $ 175,058 $ 211,979 $ 67,167 [1] $ 181,010 [1] $ 387,037 $ 248,177 [1]  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:              
Depreciation and amortization 121,117   88,488 [1]   235,063 173,278 [1]  
Impairments 797   127,184 [1]   1,187 127,384 [1] $ 230,600
Non-cash equity-based compensation expense         5,493 3,165 [1]  
Deferred income taxes         4,885 48,858 [1]  
Accretion and amortization of long-term obligations, net         2,848 3,376 [1]  
Equity income, net – affiliates (63,598)   (49,430) [1]   (121,590) (79,659) [1]  
Distributions from equity investment earnings – affiliates         115,483 65,525 [1]  
(Gain) loss on divestiture and other, net 1,061   (170) [1]   1,651 (286) [1]  
(Gain) loss on interest-rate swaps         94,585 0 [1]  
Lower of cost or market inventory adjustments         169 151 [1]  
Changes in assets and liabilities:              
(Increase) decrease in accounts receivable, net         2,668 (8,572) [1]  
Increase (decrease) in accounts and imbalance payables and accrued liabilities, net         (81,198) 42,040 [1]  
Change in other items, net         38,250 5,889 [1]  
Net cash provided by operating activities         686,531 629,326 [1]  
Cash flows from investing activities              
Capital expenditures         (704,425) (1,112,474) [1]  
Investments in equity affiliates         (77,333) (27,490) [1]  
Distributions from equity investments in excess of cumulative earnings – affiliates         17,052 13,632 [1]  
Net cash used in investing activities         (2,865,168) (1,287,904) [1]  
Cash flows from financing activities              
Borrowings, net of debt issuance costs [2]         2,710,750 1,525,439 [1]  
Repayments of debt [3]         (467,595) (630,000) [1]  
Increase (decrease) in outstanding checks         (5,662) (5,357) [1]  
Distributions to unitholders [4]         (408,234) (244,658) [1]  
Net contributions from (distributions to) Anadarko         456,938 157,264 [1]  
Above-market component of swap agreements with Anadarko 0   13,839   7,407 [4] 28,121 [1],[4]  
Net cash provided by (used in) financing activities         2,182,290 634,307 [1]  
Net increase (decrease) in cash and cash equivalents         3,653 (24,271) [1]  
Cash and cash equivalents at beginning of period [1]   92,142   79,588 92,142 79,588 79,588
Cash and cash equivalents at end of period 95,795   55,317 [1]   95,795 55,317 [1] 92,142 [1]
Supplemental disclosures              
Interest paid, net of capitalized interest         137,686 56,784 [1]  
Taxes paid (reimbursements received)         96 (87) [1]  
Accrued capital expenditures         141,094 327,777 [1]  
Chipeta [Member]              
Cash flows from financing activities              
Distributions to Chipeta noncontrolling interest owner         (3,793) (6,421) [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         11,000 187,900  
Repayments of debt         (439,600)    
Distributions to unitholders (153,231)   (101,571)   (255,885) (199,571)  
Third Parties [Member]              
Cash flows from investing activities              
Acquisitions         (93,303) (161,858) [1]  
Proceeds from the sale of assets         342 286 [1]  
WES Operating [Member]              
Cash flows from operating activities              
Net income (loss) 176,979 214,450 68,123 [1] 182,870 [1] 391,429 250,993 [1]  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:              
Depreciation and amortization 121,117   88,488 [1]   235,063 173,278 [1]  
Impairments 797   127,184 [1]   1,187 127,384 [1]  
Non-cash equity-based compensation expense         4,882 3,017 [1]  
Deferred income taxes         4,885 48,858 [1]  
Accretion and amortization of long-term obligations, net         2,827 2,626 [1]  
Equity income, net – affiliates (63,598)   (49,430) [1]   (121,590) (79,659) [1]  
Distributions from equity investment earnings – affiliates         115,483 65,525 [1]  
(Gain) loss on divestiture and other, net 1,061   (170) [1]   1,651 (286) [1]  
(Gain) loss on interest-rate swaps         94,585 0 [1]  
Lower of cost or market inventory adjustments         169 151 [1]  
Changes in assets and liabilities:              
(Increase) decrease in accounts receivable, net         2,464 (8,563) [1]  
Increase (decrease) in accounts and imbalance payables and accrued liabilities, net         (80,458) 42,088 [1]  
Change in other items, net         38,069 5,578 [1]  
Net cash provided by operating activities         690,646 630,990 [1]  
Cash flows from investing activities              
Capital expenditures         (704,425) (1,112,474) [1]  
Investments in equity affiliates         (77,333) (27,490) [1]  
Distributions from equity investments in excess of cumulative earnings – affiliates         17,052 13,632 [1]  
Net cash used in investing activities         (2,865,168) (1,287,904) [1]  
Cash flows from financing activities              
Borrowings, net of debt issuance costs [5]         2,710,750 1,525,447 [1]  
Repayments of debt [6]         (439,595) (630,000) [1]  
Increase (decrease) in outstanding checks         (5,662) (5,357) [1]  
Distributions to unitholders [7]         (546,629) (437,719) [1]  
Net contributions from (distributions to) Anadarko         456,938 157,264 [1]  
Above-market component of swap agreements with Anadarko [7]         7,407 28,121 [1]  
Net cash provided by (used in) financing activities         2,179,416 631,335 [1]  
Net increase (decrease) in cash and cash equivalents         4,894 (25,579) [1]  
Cash and cash equivalents at beginning of period [1]   $ 90,448   $ 78,814 90,448 78,814 78,814
Cash and cash equivalents at end of period 95,342   53,235 [1]   95,342 53,235 [1] $ 90,448 [1]
Supplemental disclosures              
Interest paid, net of capitalized interest         137,452 56,155 [1]  
Taxes paid (reimbursements received)         96 (87) [1]  
Accrued capital expenditures         141,094 327,777 [1]  
WES Operating [Member] | Chipeta [Member]              
Cash flows from financing activities              
Distributions to Chipeta noncontrolling interest owner         (3,793) (6,421) [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         11,000 187,900  
Repayments of debt         (439,600)    
Distributions to unitholders $ (283,271)   $ (127,204)   (448,173) (251,368)  
WES Operating [Member] | Third Parties [Member]              
Cash flows from investing activities              
Acquisitions         (93,303) (161,858) [1]  
Proceeds from the sale of assets         $ 342 $ 286 [1]  
[1]
Financial information has been recast to include the financial position and results attributable to AMA. See Note 1 and Note 3.
[2] For the six months ended June 30, 2019 and 2018, includes $11.0 million and $187.9 million of borrowings, respectively, under the APCWH Note Payable.
[3]
For the six months ended June 30, 2019, includes a $439.6 million repayment to settle the APCWH Note Payable. See Note 6.
[4]
See Note 6.
[5]
For the six months ended June 30, 2019 and 2018, includes $11.0 million and $187.9 million of borrowings, respectively, under the APCWH Note Payable.
[6]
For the six months ended June 30, 2019, includes a $439.6 million repayment to settle the APCWH Note Payable. See Note 6.
[7]
See Note 6.