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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 295,246 $ 272,787
Accounts receivable, net 720,351 666,637
Other current assets 50,750 52,986
Total current assets 1,066,347 992,410
Property, plant, and equipment    
Cost 15,157,635 14,945,431
Less accumulated depreciation 5,432,343 5,290,415
Net property, plant, and equipment 9,725,292 9,655,016
Goodwill 4,783 4,783
Other intangible assets 673,491 681,408
Equity investments 546,078 904,535
Other assets [1] 249,479 233,455
Total assets [2] 12,265,470 12,471,607
Current liabilities    
Accounts and imbalance payables 377,499 362,451
Short-term debt 108,394 617,748
Accrued ad valorem taxes 48,525 61,285
Accrued liabilities 173,721 262,572
Total current liabilities 708,139 1,304,056
Long-term liabilities    
Long-term debt 7,272,079 7,283,556
Deferred income taxes 15,698 15,468
Asset retirement obligations 366,755 359,185
Other liabilities 526,508 480,212
Total long-term liabilities 8,181,040 8,138,421
Total liabilities [3] 8,889,179 9,442,477
Equity and partners' capital    
Common units (380,490,138 and 379,519,983 units issued and outstanding at March 31, 2024, and December 31, 2023, respectively) 3,225,562 2,894,231
General partner units (9,060,641 units issued and outstanding at March 31, 2024, and December 31, 2023) 11,313 3,193
Total partners' capital 3,236,875 2,897,424
Noncontrolling interests 139,416 131,706
Total equity and partners' capital 3,376,291 3,029,130
Total liabilities, equity, and partners' capital $ 12,265,470 $ 12,471,607
Common units issued 380,490,138 379,519,983
Common units outstanding 380,490,138 379,519,983
General partner units issued 9,060,641 9,060,641
General partner units outstanding 9,060,641 9,060,641
[1] Other assets includes $5.5 million and $5.7 million of NGLs line-fill inventory as of March 31, 2024, and December 31, 2023, respectively. Other assets also includes $107.1 million and $96.3 million of materials and supplies inventory as of March 31, 2024, and December 31, 2023, respectively.
[2] Total assets includes related-party amounts of $982.6 million and $1.3 billion as of March 31, 2024, and December 31, 2023, respectively, which includes related-party Accounts receivable, net of $389.7 million and $358.1 million as of March 31, 2024, and December 31, 2023, respectively. See Note 6.
[3] Total liabilities includes related-party amounts of $406.4 million and $378.8 million as of March 31, 2024, and December 31, 2023, respectively. See Note 6.