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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net income (loss) $ 693,150 $ 246,076
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 407,404 384,688
Long-lived asset and other impairments 29,198 200,575
Goodwill impairment 0 441,017
Non-cash equity-based compensation expense 20,834 16,527
Deferred income taxes 2,275 2,393
Accretion and amortization of long-term obligations, net 5,873 6,482
Equity income, net – related parties (159,337) (176,788)
Distributions from equity-investment earnings – related parties 164,772 187,816
(Gain) loss on divestiture and other, net (278) 3,651
(Gain) loss on early extinguishment of debt 24,944 (10,372)
Cash paid to settle interest-rate swaps 0 (19,181)
Other 46 192
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable, net (130,773) (192,338)
Increase (decrease) in accounts and imbalance payables and accrued liabilities, net 56,495 37,814
Change in other items, net (9,609) 3,341
Net cash provided by operating activities 1,104,994 1,131,893
Cash flows from investing activities    
Capital expenditures (217,757) (372,262)
Contributions to equity investments – related parties (3,683) (19,017)
Distributions from equity investments in excess of cumulative earnings – related parties 30,075 21,750
Proceeds from the sale of assets to third parties 8,002 0
(Increase) decrease in materials and supplies inventory and other (1,924) (57,141)
Net cash used in investing activities (187,287) (426,670)
Cash flows from financing activities    
Borrowings, net of debt issuance costs 400,000 3,681,173
Repayments of debt (1,132,966) (3,780,390)
Increase (decrease) in outstanding checks (11,757) 691
Distributions to Partnership unitholders [1] (398,896) (563,579)
Net contributions from (distributions to) related parties 6,673 22,674
Finance lease payments [2] (5,295) (12,241)
Unit repurchases (104,366) 0
Other (3,492) 0
Net cash provided by (used in) financing activities (1,262,767) (667,140)
Net increase (decrease) in cash and cash equivalents (345,060) 38,083
Cash and cash equivalents at beginning of period 444,922 99,962
Cash and cash equivalents at end of period 99,862 138,045
Supplemental disclosures    
Non-cash unit exchange with Occidental [1] 0 (261,878)
Interest paid, net of capitalized interest 348,904 307,713
Income taxes paid (reimbursements received) 932 (384)
Accrued capital expenditures 29,085 20,275
Chipeta [Member]    
Cash flows from financing activities    
Distributions to Chipeta noncontrolling interest owner (2,734) (3,923)
WES Operating [Member]    
Cash flows from financing activities    
Distributions to noncontrolling interest owner of WES Operating (9,934) (11,545)
Related Parties [Member]    
Cash flows from investing activities    
Purchases from related parties (2,000) 0
Cash flows from financing activities    
Distributions to Partnership unitholders (195,205) (301,219)
Finance lease payments 0 (6,382)
Related Parties [Member] | WES Operating [Member]    
Cash flows from financing activities    
Distributions to Partnership unitholders $ (9,934) $ (11,545)
[1] See Note 6.
[2] For the nine months ended September 30, 2020, includes related-party payments of $6.4 million.