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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 660 $ 809 $ 1,328
Reconciliation of net income to net cash provided by operating activities:      
Depreciation and amortization 495 433 386
Equity-indexed compensation expense 60 27 99
Inventory valuation adjustments 3 117 289
Deferred income tax (benefit)/expense (7) 98 141
Settlement of terminated interest rate hedging instruments (29) (48) (7)
Change in fair value of Preferred Distribution Rate Reset Option (Note 12) (30) 0 0
Equity earnings in unconsolidated entities (195) (183) (108)
Distributions from unconsolidated entities 216 214 105
Other 25 (20) 24
Changes in assets and liabilities, net of acquisitions:      
Trade accounts receivable and other (524) 803 1,177
Inventory (463) (90) (129)
Accounts payable and other current liabilities 500 (827) (1,317)
Net cash provided by operating activities 711 1,333 1,988
CASH FLOWS FROM INVESTING ACTIVITIES      
Cash paid in connection with acquisitions, net of cash acquired (Note 6) (282) (105) (1,098)
Investments in unconsolidated entities (Note 8) (301) (253) (158)
Additions to property, equipment and other (1,334) (2,079) (1,932)
Cash paid for purchases of linefill and base gas (7) (133) (161)
Proceeds from sales of assets 654 5 28
Other investing activities (3) 35 25
Net cash used in investing activities (1,273) (2,530) (3,296)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net borrowings/(repayments) under PAA commercial paper program (Note 10) (564) 631 (366)
Net borrowings under PAA senior secured hedged inventory facility (Note 10) 447 300 0
Net borrowings/(repayments) under AAP senior secured revolving credit facility (Note 10) (9) (27) 21
Proceeds from AAP term loan 0 50 0
Repayment of AAP term loan (Note 10) (550) 0 0
Proceeds from the issuance of PAA senior notes (Note 10) 748 998 2,595
Repayments of PAA senior notes (Note 10) (175) (549) 0
Net proceeds from the sale of Series A preferred units (Note 11) 1,569 0 0
Net proceeds from the sale of common units by subsidiaries (Note 11) 796 1,099 848
Distributions paid to Class A shareholders (Note 11) (234) (195) (91)
Distributions paid to noncontrolling interests (Note 11) (1,419) (1,465) (1,305)
Other financing activities (31) (15) (30)
Net cash provided by financing activities 578 827 1,672
Effect of translation adjustment on cash 4 (4) (3)
Net increase/(decrease) in cash and cash equivalents 20 (374) 361
Cash and cash equivalents, beginning of period 30 404 43
Cash and cash equivalents, end of period 50 30 404
Cash paid for:      
Interest, net of amounts capitalized 462 405 344
Income taxes, net of amounts refunded $ 98 $ 50 $ 159