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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 15.0 $ 11.7
Accounts receivable:    
Trade, net of allowance for bad debt of $0.1 and $0.1, respectively 47.1 63.9
Accrued revenue and other 358.1 369.6
Related party 107.1 100.2
Fair value of derivative assets 2.1 1.3
Natural gas and NGLs inventory, prepaid expenses and other 28.1 33.5
Investment in unconsolidated affiliates—current 0.0 193.1
Total current assets 557.5 773.3
Property and equipment, net of accumulated depreciation of $2,220.6 and $2,124.1, respectively 6,396.3 6,256.7
Fair value of derivative assets 0.1 0.0
Intangible assets, net of accumulated amortization of $201.1 and $171.6, respectively 1,594.7 1,624.2
Goodwill 1,542.2 1,542.2
Investment in unconsolidated affiliates—non-current 84.5 77.3
Other assets, net 2.2 2.2
Total assets 10,177.5 10,275.9
Current liabilities:    
Accounts payable and drafts payable 70.9 69.2
Accounts payable to related party 12.5 10.4
Accrued gas, NGLs, condensate and crude oil purchases 306.2 333.3
Fair value of derivative liabilities 2.9 7.6
Installment payable, net of discount of $19.9 and $0.5, respectively 230.1 249.5
Other current liabilities 214.3 217.5
Total current liabilities 836.9 887.5
Long-term debt 3,521.1 3,295.3
Asset retirement obligations 13.7 13.5
Other long-term liabilities 42.1 42.5
Installment payable, net of discount of $26.3 at December 31, 2016 0.0 223.7
Deferred tax liability 544.5 542.6
Fair value of derivative liabilities 0.3 0.0
Redeemable non-controlling interest 4.8 5.2
Members’ equity:    
Members’ equity (180,551,299 and 180,049,316 units issued and outstanding at March 31, 2017 and December 31, 2016, respectively) 1,836.7 1,880.9
Non-controlling interest 3,377.4 3,384.7
Total members’ equity 5,214.1 5,265.6
Commitments and contingencies (Note 15)
Total liabilities and members’ equity $ 10,177.5 $ 10,275.9