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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income (loss) $ 387,037 $ 248,177 [1]
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 235,063 173,278 [1]
Impairments 1,187 127,384 [1]
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 (121,590) (79,659) [1]
Distributions from equity investment earnings – affiliates 115,483 65,525 [1]
(Gain) loss on divestiture and other, net 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]
Registration expenses related to the issuance of WES common units (855) 0 [1]
Distributions to WES 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 [4] 7,407 28,121 [1]
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
Cash and cash equivalents at end of period 95,795 55,317 [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]
WES Operating [Member]    
Cash flows from financing activities    
Distributions to noncontrolling interest owner 106,666 190,081 [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 WES unitholders 255,885 199,571
Affiliates [Member] | WES Operating [Member]    
Cash flows from financing activities    
Distributions to WES unitholders 8,210 3,731
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.