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Consolidated Statements of Cash Flows - WES Operating - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net income (loss) $ 1,611,252 $ 1,048,007 $ 1,251,456
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 650,428 600,668 582,365
Long-lived asset and other impairments [1] 6,206 52,884 20,585
Non-cash equity-based compensation expense 37,994 32,005 27,783
Deferred income taxes 14,211 1,044 1,999
Accretion and amortization of long-term obligations, net 9,238 8,151 7,142
Equity income, net – related parties (112,385) (152,959) (183,483)
Distributions from equity-investment earnings – related parties 111,386 155,169 186,153
(Gain) loss on divestiture and other, net (296,771) 10,102 (103,676)
(Gain) loss on early extinguishment of debt (5,403) (15,378) (91)
Other 248 442 510
Changes in assets and liabilities:      
(Increase) decrease in accounts receivable, net (42,798) (78,346) (116,296)
Increase (decrease) in accounts and imbalance payables and accrued liabilities, net (21,935) (68,019) (7,812)
Change in other items, net 175,189 67,564 34,791
Net cash provided by operating activities 2,136,860 1,661,334 1,701,426
Cash flows from investing activities      
Capital expenditures [2] (833,856) (735,080) (487,228)
Contributions to equity investments – related parties (9,690) (1,153) (9,632)
Distributions from equity investments in excess of cumulative earnings – related parties 30,850 39,104 63,897
(Increase) decrease in materials and supplies inventory and other (18,284) (32,329) (9,468)
Net cash provided by (used in) investing activities (39,168) (1,607,291) (218,237)
Cash flows from financing activities      
Borrowings, net of debt issuance costs 789,044 2,448,733 1,389,010
Repayments of debt (143,852) (1,967,928) (1,518,548)
Commercial paper borrowings (repayments), net (610,313) 609,916 0
Increase (decrease) in outstanding checks (5,622) 3,516 2,206
Distributions to WES Operating unitholders [2] (1,246,069) (978,430) (735,755)
Net contributions from (distributions to) related parties 0 0 1,423
Other (33,381) (18,626) (13,644)
Net cash provided by (used in) financing activities (1,280,015) (67,912) (1,398,532)
Net increase (decrease) in cash and cash equivalents 817,677 (13,869) 84,657
Cash and cash equivalents at beginning of period 272,787 286,656 201,999
Cash and cash equivalents at end of period 1,090,464 272,787 286,656
Supplemental disclosures      
Interest paid, net of capitalized interest 360,847 326,948 355,363
Income taxes paid (reimbursements received) 2,225 4,131 912
Accrued capital expenditures 64,084 99,610 82,353
Chipeta [Member]      
Cash flows from financing activities      
Distributions to Chipeta noncontrolling interest owner (4,372) (7,641) (10,736)
Third Parties [Member]      
Cash flows from investing activities      
Acquisitions from third parties (443) (877,746) (40,127)
Proceeds from the sale of assets 792,255 (87) 264,121
Related Parties [Member]      
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
(Gain) loss on divestiture and other, net 0 0 1,756
Cash flows from investing activities      
Capital expenditures 0 0 (470)
Proceeds from the sale of assets 0 0 200
Cash flows from financing activities      
Distributions to WES Operating unitholders (604,512) (494,127) (372,468)
WES Operating [Member]      
Cash flows from operating activities      
Net income (loss) 1,612,883 1,050,681 1,254,074
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 650,428 600,668 582,365
Long-lived asset and other impairments [3] 6,206 52,884 20,585
Non-cash equity-based compensation expense 37,413 31,424 27,213
Deferred income taxes 14,211 1,044 1,999
Accretion and amortization of long-term obligations, net 9,238 8,151 7,142
Equity income, net – related parties (112,385) (152,959) (183,483)
Distributions from equity-investment earnings – related parties 111,386 155,169 186,153
(Gain) loss on divestiture and other, net (296,771) 10,102 (103,676)
(Gain) loss on early extinguishment of debt (5,403) (15,378) (91)
Other 248 442 510
Changes in assets and liabilities:      
(Increase) decrease in accounts receivable, net (42,796) (78,324) (116,296)
Increase (decrease) in accounts and imbalance payables and accrued liabilities, net (47,822) (83,332) (17,189)
Change in other items, net 171,876 67,629 34,827
Net cash provided by operating activities 2,108,712 1,648,201 1,694,133
Cash flows from investing activities      
Capital expenditures [4] (833,856) (735,080) (487,228)
Contributions to equity investments – related parties (9,690) (1,153) (9,632)
Distributions from equity investments in excess of cumulative earnings – related parties 30,850 39,104 63,897
(Increase) decrease in materials and supplies inventory and other (18,284) (32,329) (9,468)
Net cash provided by (used in) investing activities (39,168) (1,607,291) (218,237)
Cash flows from financing activities      
Borrowings, net of debt issuance costs 789,044 2,448,733 1,389,010
Repayments of debt (143,852) (1,967,928) (1,518,548)
Commercial paper borrowings (repayments), net (610,313) 609,916 0
Increase (decrease) in outstanding checks (5,572) 3,464 2,309
Distributions to WES Operating unitholders [4] (1,272,152) (1,142,217) (1,244,533)
Net contributions from (distributions to) related parties 0 0 1,423
Other (6,065) (3,154) (4,318)
Net cash provided by (used in) financing activities (1,253,282) (58,827) (1,385,393)
Net increase (decrease) in cash and cash equivalents 816,262 (17,917) 90,503
Cash and cash equivalents at beginning of period 268,184 286,101 195,598
Cash and cash equivalents at end of period 1,084,446 268,184 286,101
Supplemental disclosures      
Interest paid, net of capitalized interest 360,847 326,948 355,363
Income taxes paid (reimbursements received) 2,225 4,131 912
Accrued capital expenditures 64,084 99,610 82,353
WES Operating [Member] | Chipeta [Member]      
Cash flows from financing activities      
Distributions to Chipeta noncontrolling interest owner (4,372) (7,641) (10,736)
WES Operating [Member] | Third Parties [Member]      
Cash flows from investing activities      
Acquisitions from third parties (443) (877,746) (40,127)
Proceeds from the sale of assets 792,255 (87) 264,121
WES Operating [Member] | Related Parties [Member]      
Cash flows from financing activities      
Distributions to WES Operating unitholders $ (1,272,152) $ (1,142,217) $ (1,244,533)
[1] See Note 7 and Note 9.
[2] Includes related-party amounts. See Note 6.
[3] See Note 7 and Note 9.
[4] Includes related-party amounts. See Note 6.