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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net income (loss) $ 429,512 $ (8,059)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 268,402 252,124
Long-lived asset and other impairments 27,604 165,935
Goodwill impairment 0 441,017
Non-cash equity-based compensation expense 13,855 10,911
Deferred income taxes 1,273 799
Accretion and amortization of long-term obligations, net 4,002 4,297
Equity income, net – related parties (110,831) (115,762)
Distributions from equity-investment earnings – related parties 110,763 124,156
(Gain) loss on divestiture and other, net (642) 2,883
(Gain) loss on early extinguishment of debt 289 (8,740)
Cash paid to settle interest-rate swaps 0 (12,763)
Other 41 710
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable, net (69,164) (200,136)
Increase (decrease) in accounts and imbalance payables and accrued liabilities, net 39,291 72,323
Change in other items, net (734) 9,304
Net cash provided by operating activities 713,661 738,999
Cash flows from investing activities    
Capital expenditures (137,928) (313,065)
Contributions to equity investments – related parties (3,508) (16,064)
Distributions from equity investments in excess of cumulative earnings – related parties 21,373 13,340
Proceeds from the sale of assets to third parties 8,003 0
(Increase) decrease in materials and supplies inventory and other 7,656 (39,212)
Net cash used in investing activities (106,404) (355,001)
Cash flows from financing activities    
Borrowings, net of debt issuance costs 100,000 3,586,173
Repayments of debt (531,085) (3,583,149)
Increase (decrease) in outstanding checks (29,102) (4,686)
Distributions to Partnership unitholders [1] (264,234) (422,679)
Net contributions from (distributions to) related parties 4,508 21,832
Finance lease payments [2] (3,639) (10,262)
Unit repurchases (16,241) 0
Net cash provided by (used in) financing activities (746,606) (424,222)
Net increase (decrease) in cash and cash equivalents (139,349) (40,224)
Cash and cash equivalents at beginning of period 444,922 99,962
Cash and cash equivalents at end of period 305,573 59,738
Supplemental disclosures    
Interest paid, net of capitalized interest 188,280 163,362
Taxes paid (reimbursements received) 932 (384)
Accrued capital expenditures 27,592 43,191
Chipeta [Member]    
Cash flows from financing activities    
Distributions to Chipeta noncontrolling interest owner (1,521) (2,775)
WES Operating [Member]    
Cash flows from financing activities    
Distributions to noncontrolling interest owner of WES Operating (5,292) (8,676)
Related Parties [Member]    
Cash flows from investing activities    
Acquisitions from related parties (2,000) 0
Cash flows from financing activities    
Distributions to Partnership unitholders (130,518) (225,914)
Finance lease payments 0 (6,382)
Related Parties [Member] | WES Operating [Member]    
Cash flows from financing activities    
Distributions to Partnership unitholders $ (5,292) $ (8,676)
[1] See Note 6.
[2] For the six months ended June 30, 2020, includes related-party payments of $6.4 million.