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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 538 $ 593
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 352 320
Equity-indexed compensation expense 40 27
Inventory valuation adjustments 3 25
Deferred income tax expense 21 48
(Gain)/loss on foreign currency revaluation 1 (20)
Settlement of terminated interest rate hedging instruments (50) (48)
Change in fair value of Preferred Distribution Rate Reset Option (Note 9) (42)  
Equity earnings in unconsolidated entities (133) (134)
Distributions from unconsolidated entities 151 159
Other 13 (5)
Changes in assets and liabilities, net of acquisitions (264) 248
Net cash provided by operating activities 630 1,213
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid in connection with acquisitions, net of cash acquired (282) (104)
Investments in unconsolidated entities (171) (213)
Additions to property, equipment and other (1,030) (1,617)
Cash paid for purchases of linefill and base gas (7) (131)
Proceeds from sales of assets 638 4
Other investing activities (2) (8)
Net cash used in investing activities (854) (2,069)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net borrowings/(repayments) under PAA commercial paper program (Note 7) (617) 151
Net borrowings under PAA senior secured hedged inventory facility (Note 7) 424  
Net borrowings under AAP senior secured revolving credit facility (Note 7) 44 (27)
Proceeds from AAP term loan   50
Proceeds from the issuance of PAA senior notes   998
Repayments of PAA senior notes (Note 7) (175) (549)
Net proceeds from the sale of Series A preferred units by a subsidiary (Note 8) 1,569  
Net proceeds from the sale of common units by a subsidiary (Note 8) 283 1,099
Distributions paid to Class A shareholders (Note 8) (179) (143)
Distributions paid to noncontrolling interests (Note 8) (1,112) (1,086)
Other financing activities (13) (13)
Net cash provided by financing activities 224 480
Effect of translation adjustment on cash 4 (3)
Net increase/(decrease) in cash and cash equivalents 4 (379)
Cash and cash equivalents, beginning of period 30 404
Cash and cash equivalents, end of period 34 25
Cash paid for:    
Interest, net of amounts capitalized 323 295
Income taxes, net of amounts refunded $ 78 $ 43