XML 16 R5.htm IDEA: XBRL DOCUMENT v3.4.0.3
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
[1]
Cash flows from operating activities    
Net income $ 68.0 $ 49.1 [2]
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, amortization and accretion 5.9 5.2 [2]
Amortization of debt interest cost 0.1 0.0 [2]
Income in excess of distributions (1.0) 0.0
Changes in operating assets and liabilities    
Accounts receivable 0.3 11.2
Allowance oil (0.4) 0.7
Prepaid expenses 1.6 1.4
Accounts payable (0.2) (6.6)
Deferred revenue (1.8) 6.9
Accrued liabilities (0.1) 4.7
Net cash provided by operating activities 72.4 72.6
Cash flows from investing activities    
Capital expenditures (4.7) (2.6)
Return of investment 4.1 3.2
Payment of pre-IPO distributions from investments to SPLC 0.0 (11.9)
Net cash used in investing activities (0.6) (11.3)
Cash flows from financing activities    
Net proceeds from public offerings 420.4 0.0
Contributions from general partner 8.7 0.0
Repayment of credit facilities (410.0) 0.0
Distributions to noncontrolling interest (12.4) (25.1)
Distributions to unitholders and general partner (35.3) (14.4)
Other contribution from Parent 1.8 0.0
Net distribution to Parent 0.0 (15.1)
Net cash used in financing activities (26.8) (54.6)
Net increase in cash and cash equivalents 45.0 6.7
Cash and cash equivalents at beginning of the period 93.0 150.2
Cash and cash equivalents at end of the period 138.0 156.9
Non-cash investing transactions    
Change in accrued capital expenditures 0.4 (0.5)
Other non-cash contributions from Parent $ 0.1 $ 0.0
[1] (1) The 2015 financial information has been retrospectively adjusted for the acquisition of the Shell Auger and Lockport Operations.
[2] (1) The 2015 financial information has been retrospectively adjusted for the acquisition of the Shell Auger and Lockport Operations.