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Consolidated Statements of Cash Flows - WES Operating - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Mar. 31, 2019
Sep. 30, 2018
Mar. 31, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Cash flows from operating activities              
Net income (loss) $ 125,223 $ 211,979 $ 198,560 [1] $ 181,010 [1] $ 512,260 $ 446,737 [1]  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:              
Depreciation and amortization 127,914   97,479 [1]   362,977 270,757 [1]  
Impairments 3,107   27,902 [1]   4,294 155,286 [1] $ 230,600
Non-cash equity-based compensation expense         9,489 4,834 [1]  
Deferred income taxes         6,601 83,295 [1]  
Accretion and amortization of long-term obligations, net         6,499 4,659 [1]  
Equity income, net – affiliates (53,893)   (54,215) [1]   (175,483) (133,874) [1]  
Distributions from equity investment earnings – affiliates         182,337 125,834 [1]  
(Gain) loss on divestiture and other, net (248)   (65) [1]   1,403 (351) [1]  
(Gain) loss on interest-rate swaps         162,974 0 [1]  
Lower of cost or market inventory adjustments         236 184 [1]  
Changes in assets and liabilities:              
(Increase) decrease in accounts receivable, net         (9,750) (64,853) [1]  
Increase (decrease) in accounts and imbalance payables and accrued liabilities, net         (69,390) 61,081 [1]  
Change in other items, net         32,238 11,606 [1]  
Net cash provided by operating activities         1,026,685 965,195 [1]  
Cash flows from investing activities              
Capital expenditures         (947,266) (1,589,653) [1]  
Investments in equity affiliates         (108,118) (67,085) [1]  
Distributions from equity investments in excess of cumulative earnings – affiliates         21,203 19,816 [1]  
Net cash used in investing activities         (3,134,643) (1,798,702) [1]  
Cash flows from financing activities              
Borrowings, net of debt issuance costs [2]         3,950,750 2,401,097 [1]  
Repayments of debt [3]         (1,467,595) (1,040,000) [1]  
Increase (decrease) in outstanding checks         (9,204) (2,687) [1]  
Distributions to WES Operating unitholders [4]         (688,193) (372,189) [1]  
Net contributions from (distributions to) Anadarko         458,819 156,734 [1]  
Above-market component of swap agreements with Anadarko 0   12,601   7,407 [4] 40,722 [1],[4]  
Finance lease payments – affiliates         (253)    
Net cash provided by (used in) financing activities         2,133,246 886,796 [1]  
Net increase (decrease) in cash and cash equivalents         25,288 53,289 [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 117,430   132,877 [1]   117,430 132,877 [1] 92,142 [1]
Supplemental disclosures              
Net distributions to (contributions from) Anadarko of other assets     (58,835) [1]   0 (58,835) [1]  
Interest paid, net of capitalized interest         232,147 106,538 [1]  
Taxes paid (reimbursements received)         96 (87) [1]  
Accrued capital expenditures         154,080 296,805 [1]  
Chipeta [Member]              
Cash flows from financing activities              
Distributions to Chipeta noncontrolling interest owner         (5,200) (9,446) [1]  
Affiliates [Member]              
Cash flows from investing activities              
Acquisitions         (2,007,501) (254) [1]  
Cash flows from financing activities              
Borrowings, net of debt issuance costs         11,000 265,500  
Repayments of debt         (439,600)    
Distributions to WES Operating unitholders (155,240)   (99,247)   (411,125) (298,818)  
Finance lease payments – affiliates         (253) 0 [1]  
Third Parties [Member]              
Cash flows from investing activities              
Acquisitions         (93,303) (161,858) [1]  
Proceeds from the sale of assets         342 332 [1]  
WES Operating [Member]              
Cash flows from operating activities              
Net income (loss) 126,912 214,450 199,519 [1] 182,870 [1] 518,341 450,512 [1]  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:              
Depreciation and amortization 127,914   97,479 [1]   362,977 270,757 [1]  
Impairments 3,107   27,902 [1]   4,294 155,286 [1]  
Non-cash equity-based compensation expense         8,234 4,620 [1]  
Deferred income taxes         6,601 83,295 [1]  
Accretion and amortization of long-term obligations, net         6,479 3,883 [1]  
Equity income, net – affiliates (53,893)   (54,215) [1]   (175,483) (133,874) [1]  
Distributions from equity investment earnings – affiliates         182,337 125,834 [1]  
(Gain) loss on divestiture and other, net (248)   (65) [1]   1,403 (351) [1]  
(Gain) loss on interest-rate swaps         162,974 0 [1]  
Lower of cost or market inventory adjustments         236 184 [1]  
Changes in assets and liabilities:              
(Increase) decrease in accounts receivable, net         (12,219) (64,707) [1]  
Increase (decrease) in accounts and imbalance payables and accrued liabilities, net         (68,277) 60,956 [1]  
Change in other items, net         34,232 11,143 [1]  
Net cash provided by operating activities         1,032,129 967,538 [1]  
Cash flows from investing activities              
Capital expenditures         (947,266) (1,589,653) [1]  
Investments in equity affiliates         (108,118) (67,085) [1]  
Distributions from equity investments in excess of cumulative earnings – affiliates         21,203 19,816 [1]  
Net cash used in investing activities         (3,134,643) (1,798,702) [1]  
Cash flows from financing activities              
Borrowings, net of debt issuance costs [5]         3,950,750 2,401,105 [1]  
Repayments of debt [6]         (1,439,595) (1,040,000) [1]  
Increase (decrease) in outstanding checks         (9,204) (2,687) [1]  
Distributions to WES Operating unitholders [7]         (834,712) (663,410) [1]  
Net contributions from (distributions to) Anadarko         458,819 156,734 [1]  
Above-market component of swap agreements with Anadarko [7]         7,407 40,722 [1]  
Net cash provided by (used in) financing activities         2,128,012 883,018 [1]  
Net increase (decrease) in cash and cash equivalents         25,498 51,854 [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 115,946   130,668 [1]   115,946 130,668 [1] $ 90,448 [1]
Supplemental disclosures              
Net distributions to (contributions from) Anadarko of other assets     (58,835) [1]   0 (58,835) [1]  
Interest paid, net of capitalized interest         231,913 105,615 [1]  
Taxes paid (reimbursements received)         96 (87) [1]  
Accrued capital expenditures         154,080 296,805 [1]  
WES Operating [Member] | Chipeta [Member]              
Cash flows from financing activities              
Distributions to Chipeta noncontrolling interest owner         (5,200) (9,446) [1]  
WES Operating [Member] | Affiliates [Member]              
Cash flows from investing activities              
Acquisitions         (2,007,501) (254) [1]  
Cash flows from financing activities              
Borrowings, net of debt issuance costs         11,000 265,500  
Repayments of debt         (439,600)    
Distributions to WES Operating unitholders $ (288,083)   $ (130,249)   (736,256) (381,617)  
Finance lease payments – affiliates         (253) 0 [1]  
WES Operating [Member] | Third Parties [Member]              
Cash flows from investing activities              
Acquisitions         (93,303) (161,858) [1]  
Proceeds from the sale of assets         $ 342 $ 332 [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 nine months ended September 30, 2019 and 2018, includes $11.0 million and $265.5 million of borrowings, respectively, under the APCWH Note Payable.
[3]
For the nine months ended September 30, 2019, includes a $439.6 million repayment to settle the APCWH Note Payable. See Note 6.
[4]
See Note 6.
[5]
For the nine months ended September 30, 2019 and 2018, includes $11.0 million and $265.5 million of borrowings, respectively, under the APCWH Note Payable.
[6]
For the nine months ended September 30, 2019, includes a $439.6 million repayment to settle the APCWH Note Payable. See Note 6.
[7]
See Note 6.