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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 77.4 $ 100.4
Accounts receivable:    
Trade, net of allowance for bad debt of $0.5 and $0.3, respectively 36.2 126.3
Accrued revenue and other 460.1 705.9
Related party 0.0 0.7
Fair value of derivative assets 12.9 28.6
Natural gas and NGLs inventory, prepaid expenses, and other 57.8 74.2
Total current assets 644.4 1,036.1
Property and equipment, net of accumulated depreciation of $3,418.6 and $2,967.4, respectively 7,081.3 6,846.7
Intangible assets, net of accumulated amortization of $545.9 and $422.2, respectively 1,249.9 1,373.6
Goodwill 184.6 1,310.2
Investment in unconsolidated affiliates 43.1 80.1
Fair value of derivative assets 4.3 4.1
Other assets, net 128.2 43.3
Total assets 9,335.8 10,694.1
Current liabilities:    
Accounts payable and drafts payable 70.6 105.5
Accounts payable to related party 1.1 4.3
Accrued gas, NGLs, condensate, and crude oil purchases 354.8 500.4
Fair value of derivative liabilities 14.4 21.8
Current maturities of long-term debt 0.0 399.8
Other current liabilities 206.2 248.2
Total current liabilities 647.1 1,280.0
Long-term debt 4,764.3 4,031.0
Asset retirement obligations 15.5 14.8
Other long-term liabilities 90.8 20.0
Deferred tax liability, net 0.0 362.4
Fair value of derivative liabilities 6.8 2.4
Redeemable non-controlling interest 5.2 9.3
Members’ equity:    
Members’ equity (487,791,612 and 181,309,981 units issued and outstanding, respectively) 2,135.5 1,730.9
Accumulated other comprehensive loss (11.0) (2.0)
Non-controlling interest 1,681.6 3,245.3
Total members’ equity 3,806.1 4,974.2
Commitments and contingencies (Note 14)
Total liabilities and members’ equity $ 9,335.8 $ 10,694.1