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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
OPERATING ACTIVITIES:      
Net income (loss) $ (1,358) $ 1,284 $ 1,119
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation and amortization 1,702 1,151 791
Provision (benefit) for deferred income taxes 4 25 50
Impairment of goodwill 1,098 0 0
Impairment of equity-method investments 1,359 0 0
Impairment of and net (gain) loss on sale of Property, plant, and equipment 150 68 7
Amortization of stock-based awards 27 9 0
Cash provided (used) by changes in current assets and liabilities:      
Accounts and notes receivable (67) (169) 21
Inventories 105 (36) (17)
Other current assets and deferred charges 2 (43) 25
Accounts payable (128) (42) (32)
Accrued liabilities (15) (233) 171
Affiliate accounts receivable and payable – net 0 9 (1)
Other, including changes in noncurrent assets and liabilities (218) 322 35
Net cash provided by operating activities 2,661 2,345 2,169
FINANCING ACTIVITIES:      
Proceeds from (payments of) commercial paper – net (306) 572 224
Proceeds from long-term debt 7,675 4,386 2,699
Payments of long-term debt (4,699) (1,157) (2,080)
Proceeds from sales of common units 59 55 1,962
Contributions from general partner 14 13 53
Distributions to limited partners and general partner (2,686) (2,448) (1,846)
Distributions to noncontrolling interests (87) (243) 0
Contributions from noncontrolling interests 111 334 398
Contributions from The Williams Companies, Inc. – net 20 73 221
Payments for debt issuance costs (33) (24) (12)
Special distribution from Gulfstream 396 0 0
Contribution to Gulfstream for repayment of debt (248) 0 0
Other – net (1) 24 (24)
Net cash provided by financing activities 215 1,585 1,595
INVESTING ACTIVITIES:      
Capital expenditures (1) (2,795) (3,692) (3,316)
Net proceeds from dispositions 3 34 3
Purchase of business (112) 0 0
Purchase of business from affiliate 0 0 25
Purchases of and contributions to equity-method investments (594) (468) (439)
Other – net 547 257 (9)
Net cash used by investing activities (2,951) (3,869) (3,736)
Increase (decrease) in cash and cash equivalents (75) 61 28
Cash and cash equivalents at beginning of year 171 110 82
Cash and cash equivalents at end of year 96 171 110
(1) Increases to property, plant, and equipment (2,649) (3,571) (3,333)
Changes in related accounts payable and accrued liabilities (146) (121) 17
Capital expenditures (1) $ (2,795) $ (3,692) $ (3,316)