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Consolidated Statements of Cash Flows - WES Operating - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income (loss) $ 316,552 $ 586,216
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 170,460 157,991
Long-lived asset and other impairments 3 23
Non-cash equity-based compensation expense 8,248 9,423
Deferred income taxes 1,713 230
Accretion and amortization of long-term obligations, net 2,202 2,190
Equity income, net – related parties (20,435) (32,819)
Distributions from equity-investment earnings – related parties 23,337 29,304
(Gain) loss on divestiture and other, net 4,667 (239,617)
(Gain) loss on early extinguishment of debt 0 (524)
Other 190 112
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable, net 28,634 (53,714)
Increase (decrease) in accounts and imbalance payables and accrued liabilities, net (46,684) (100,383)
Change in other items, net 41,906 41,276
Net cash provided by operating activities 530,793 399,708
Cash flows from investing activities    
Capital expenditures (142,402) (193,789)
Distributions from equity investments in excess of cumulative earnings – related parties 11,007 19,033
(Increase) decrease in materials and supplies inventory and other (9,414) (10,691)
Net cash provided by (used in) investing activities (140,790) 396,849
Cash flows from financing activities    
Repayments of debt (663,831) (14,503)
Commercial paper borrowings (repayments), net 0 (510,379)
Increase (decrease) in outstanding checks (113) 766
Distributions to WES Operating unitholders [1] (340,996) (223,438)
Other (20,131) (20,868)
Net cash provided by (used in) financing activities (1,032,020) (774,098)
Net increase (decrease) in cash and cash equivalents (642,017) 22,459
Cash and cash equivalents at beginning of period 1,090,464 272,787
Cash and cash equivalents at end of period 448,447 295,246
Supplemental disclosures    
Interest paid, net of capitalized interest 119,905 130,885
Accrued capital expenditures 88,894 116,751
Chipeta [Member]    
Cash flows from financing activities    
Distributions to Chipeta noncontrolling interest owner 0 (1,085)
Third Parties [Member]    
Cash flows from investing activities    
Acquisitions from third parties 0 (443)
Proceeds from the sale of assets 19 582,739
WES Operating [Member]    
Cash flows from operating activities    
Net income (loss) 316,318 586,517
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 170,460 157,991
Long-lived asset and other impairments 3 23
Non-cash equity-based compensation expense 8,144 9,278
Deferred income taxes 1,713 230
Accretion and amortization of long-term obligations, net 2,202 2,190
Equity income, net – related parties (20,435) (32,819)
Distributions from equity-investment earnings – related parties 23,337 29,304
(Gain) loss on divestiture and other, net 4,667 (239,617)
(Gain) loss on early extinguishment of debt 0 (524)
Other 190 112
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable, net (9,486) (71,872)
Increase (decrease) in accounts and imbalance payables and accrued liabilities, net (30,834) (102,341)
Change in other items, net 45,186 42,177
Net cash provided by operating activities 511,465 380,649
Cash flows from investing activities    
Capital expenditures (142,402) (193,789)
Distributions from equity investments in excess of cumulative earnings – related parties 11,007 19,033
(Increase) decrease in materials and supplies inventory and other (9,414) (10,691)
Net cash provided by (used in) investing activities (140,790) 396,849
Cash flows from financing activities    
Repayments of debt (663,831) (14,503)
Commercial paper borrowings (repayments), net 0 (510,379)
Increase (decrease) in outstanding checks (118) 699
Distributions to WES Operating unitholders [2] (347,356) (229,446)
Other (1,677) (1,504)
Net cash provided by (used in) financing activities (1,012,982) (756,218)
Net increase (decrease) in cash and cash equivalents (642,307) 21,280
Cash and cash equivalents at beginning of period 1,084,446 268,184
Cash and cash equivalents at end of period 442,139 289,464
Supplemental disclosures    
Interest paid, net of capitalized interest 119,905 130,885
Accrued capital expenditures 88,894 116,751
WES Operating [Member] | Chipeta [Member]    
Cash flows from financing activities    
Distributions to Chipeta noncontrolling interest owner 0 (1,085)
WES Operating [Member] | Third Parties [Member]    
Cash flows from investing activities    
Acquisitions from third parties 0 (443)
Proceeds from the sale of assets $ 19 $ 582,739
[1] Includes related-party amounts. See Note 6.
[2] Includes related-party amounts. See Note 6.