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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 593 $ 958
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 327 294
Equity-indexed compensation expense 27 91
Inventory valuation adjustments 25 37
Deferred income tax expense 48 54
Gain on sales of linefill and base gas   (8)
(Gain)/loss on foreign currency revaluation (20) 10
Settlement of terminated interest rate hedging instruments (48) (7)
Equity earnings in unconsolidated entities (134) (73)
Distributions from unconsolidated entities 159 74
Other (12) 10
Changes in assets and liabilities, net of acquisitions 248 (174)
Net cash provided by operating activities 1,213 1,266
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid in connection with acquisitions, net of cash acquired (104) (10)
Additions to property, equipment and other (1,617) (1,424)
Investment in unconsolidated entities (213) (98)
Cash received for sales of linefill and base gas   24
Cash paid for purchases of linefill and base gas (131) (159)
Proceeds from sales of assets 4 2
Other investing activities (8) 1
Net cash used in investing activities (2,069) (1,664)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net borrowings/(repayments) under PAA commercial paper program (Note 6) 151 (683)
Net borrowings/(repayments) under AAP senior secured revolving credit facility (Note 6) (27) 16
Proceeds from AAP term loan (Note 6) 50  
Proceeds from the issuance of PAA senior notes (Note 6) 998 1,447
Repayments of PAA senior notes (Note 6) (549)  
Net proceeds from the issuance of common units by subsidiaries (Note 7) 1,099 655
Distributions paid to Class A shareholders (Note 7) (143) (65)
Distributions paid to noncontrolling interests (Note 7) (1,086) (959)
Costs incurred in connection with financing arrangements (11) (15)
Other financing activities (2) (5)
Net cash provided by financing activities 480 391
Effect of translation adjustment on cash (3) (1)
Net decrease in cash and cash equivalents (379) (8)
Cash and cash equivalents, beginning of period 404 43
Cash and cash equivalents, end of period 25 35
Cash paid for:    
Interest, net of amounts capitalized 295 245
Income taxes, net of amounts refunded $ 43 $ 135