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Consolidated Statements of Cash Flows - WES Operating - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net income (loss) $ 943,999 $ 516,852 $ 807,700
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 551,629 491,086 483,255
Long-lived asset and other impairments 30,543 203,889 6,279
Goodwill impairment 0 441,017 0
Non-cash equity-based compensation expense 27,676 22,462 15,494
Deferred income taxes (9,770) 3,296 7,609
Accretion and amortization of long-term obligations, net 7,635 8,654 8,441
Equity income, net – related parties (204,645) (226,750) (237,518)
Distributions from equity-investment earnings – related parties 213,516 246,637 234,572
(Gain) loss on divestiture and other, net (44) (8,634) 1,406
(Gain) loss on early extinguishment of debt 24,944 (11,234) 0
(Gain) loss on interest-rate swaps 0 0 125,334
Cash paid to settle interest-rate swaps 0 (25,621) (107,685)
Other 260 193 236
Changes in assets and liabilities:      
(Increase) decrease in accounts receivable, net 16,366 (193,688) (45,033)
Increase (decrease) in accounts and imbalance payables and accrued liabilities, net 114,887 144,437 (30,866)
Change in other items, net 49,856 24,822 54,876
Net cash provided by operating activities 1,766,852 1,637,418 1,324,100
Cash flows from investing activities      
Capital expenditures [1] (313,674) (423,602) (1,189,254)
Contributions to equity investments – related parties (4,435) (19,388) (128,393)
Distributions from equity investments in excess of cumulative earnings – related parties 41,385 32,160 30,256
Proceeds from the sale of assets to third parties 8,102 20,333 342
(Increase) decrease in materials and supplies inventory and other 11,084 (57,757) 0
Net cash used in investing activities (257,538) (448,254) (3,387,853)
Cash flows from financing activities      
Borrowings, net of debt issuance costs 480,000 3,681,173 4,169,695
Repayments of debt (1,432,966) (3,803,888) (1,467,595)
Increase (decrease) in outstanding checks (21,631) 20,699 1,571
Distributions to WES Operating unitholders [2] (533,758) (695,834) (969,073)
Net contributions from (distributions to) related parties 8,533 24,466 458,819
Above-market component of swap agreements with Anadarko [2] 0 0 7,407
Finance lease payments [3] (6,513) (14,207) (508)
Net cash provided by (used in) financing activities (1,752,237) (844,204) 2,071,573
Net increase (decrease) in cash and cash equivalents (242,923) 344,960 7,820
Cash and cash equivalents at beginning of period 444,922 99,962 92,142
Cash and cash equivalents at end of period 201,999 444,922 99,962
Supplemental disclosures      
Non-cash unit exchange with Occidental [2] 0 (261,878) 0
Interest paid, net of capitalized interest 375,007 349,913 293,795
Income taxes paid (reimbursements received) 938 (384) 96
Accrued capital expenditures 35,240 25,126 140,954
Chipeta [Member]      
Cash flows from financing activities      
Distributions to Chipeta noncontrolling interest owner (9,117) (8,644) (9,663)
Related Parties [Member]      
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
(Gain) loss on divestiture and other, net (420) 2,870 0
Cash flows from investing activities      
Capital expenditures (2,000) 0 (425)
Acquisitions 0 0 (2,007,501)
Cash flows from financing activities      
Distributions to WES Operating unitholders (260,703) (367,861) (566,868)
Finance lease payments 0 (6,382) (508)
Third Parties [Member]      
Cash flows from investing activities      
Acquisitions 0 0 (93,303)
WES Operating [Member]      
Cash flows from operating activities      
Net income (loss) 946,929 520,387 814,685
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 551,629 491,086 483,255
Long-lived asset and other impairments 30,543 203,889 6,279
Goodwill impairment 0 441,017 0
Non-cash equity-based compensation expense 34,588 14,604 14,235
Deferred income taxes (9,770) 3,296 7,609
Accretion and amortization of long-term obligations, net 7,635 8,654 8,421
Equity income, net – related parties (204,645) (226,750) (237,518)
Distributions from equity-investment earnings – related parties 213,516 246,637 234,572
(Gain) loss on divestiture and other, net (44) (8,634) 1,406
(Gain) loss on early extinguishment of debt 24,944 (11,234) 0
(Gain) loss on interest-rate swaps 0 0 125,334
Cash paid to settle interest-rate swaps 0 (25,621) (107,685)
Other 260 193 236
Changes in assets and liabilities:      
(Increase) decrease in accounts receivable, net (28,965) (147,041) (44,939)
Increase (decrease) in accounts and imbalance payables and accrued liabilities, net 150,055 105,352 (29,745)
Change in other items, net 48,704 24,816 56,044
Net cash provided by operating activities 1,765,379 1,640,651 1,332,189
Cash flows from investing activities      
Capital expenditures [4] (313,674) (423,602) (1,189,254)
Contributions to equity investments – related parties (4,435) (19,388) (128,393)
Distributions from equity investments in excess of cumulative earnings – related parties 41,385 32,160 30,256
Proceeds from the sale of assets to third parties 8,102 20,333 342
(Increase) decrease in materials and supplies inventory and other 11,084 (57,757) 0
Net cash used in investing activities (257,538) (448,254) (3,387,853)
Cash flows from financing activities      
Borrowings, net of debt issuance costs 480,000 3,681,173 4,169,695
Repayments of debt (1,432,966) (3,803,888) (1,439,595)
Increase (decrease) in outstanding checks (21,699) 20,664 1,571
Distributions to WES Operating unitholders [5] (749,018) (771,546) (1,124,388)
Net contributions from (distributions to) related parties 8,533 24,466 458,819
Above-market component of swap agreements with Anadarko [5] 0 0 7,407
Finance lease payments [6] (6,513) (14,207) (508)
Net cash provided by (used in) financing activities (1,730,780) (871,982) 2,063,338
Net increase (decrease) in cash and cash equivalents (222,939) 320,415 7,674
Cash and cash equivalents at beginning of period 418,537 98,122 90,448
Cash and cash equivalents at end of period 195,598 418,537 98,122
Supplemental disclosures      
Non-cash unit exchange with Occidental [5] 0 (261,878) 0
Interest paid, net of capitalized interest 375,007 349,913 293,561
Income taxes paid (reimbursements received) 938 (384) 96
Accrued capital expenditures 35,240 25,126 140,954
WES Operating [Member] | Chipeta [Member]      
Cash flows from financing activities      
Distributions to Chipeta noncontrolling interest owner (9,117) (8,644) (9,663)
WES Operating [Member] | Related Parties [Member]      
Cash flows from investing activities      
Capital expenditures (2,000)   (400)
Acquisitions 0 0 (2,007,501)
Cash flows from financing activities      
Distributions to WES Operating unitholders (749,018) (771,546) (1,025,931)
Finance lease payments   (6,400)  
WES Operating [Member] | Third Parties [Member]      
Cash flows from investing activities      
Acquisitions $ 0 $ 0 $ (93,303)
[1] Includes purchases from related parties of $2.0 million and $0.4 million for the years ended December 31, 2021 and 2019, respectively. See Note 6.
[2] See Note 6.
[3] For the year ended December 31, 2020, includes related-party payments of $6.4 million.
[4] Includes purchases from related parties of $2.0 million and $0.4 million for the years ended December 31, 2021 and 2019, respectively. See Note 6.
[5] See Note 6.
[6] For the year ended December 31, 2020, includes related-party payments of $6.4 million.