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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
[2]
Cash flows from operating activities    
Net income $ 193.1 $ 200.4 [1]
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, amortization and accretion 17.7 16.0
Amortization of credit facilities issuance costs 0.2 0.0
Allowance oil reduction to net realizable value 0.0 1.0
Undistributed equity earnings 2.7 0.0
Changes in operating assets and liabilities    
Accounts receivable 6.6 6.8
Allowance oil (3.6) (2.5)
Prepaid expenses 4.3 2.5
Accounts payable (1.6) (5.6)
Deferred revenue (0.4) (7.3)
Accrued liabilities 5.1 12.5
Net cash provided by operating activities 224.1 223.8
Cash flows from investing activities    
Capital expenditures (21.3) (11.2)
Acquisitions (120.0) (85.9)
Return of investment 9.6 4.5
Payment of pre-IPO distributions from investments to SPLC 0.0 (11.9)
Net cash used in investing activities (131.7) (104.5)
Cash flows from financing activities    
Net proceeds from private placement 0.0 297.7
Net proceeds from public offerings 818.1 0.0
Borrowing under credit facility 296.7 420.8
Contributions from general partner 9.8 6.1
Repayment of credit facilities (410.0) 0.0
Capital distributions to general partner (599.2) (712.1)
Distributions to noncontrolling interest (17.1) (55.9)
Distributions to unitholders and general partner (126.0) (66.2)
Other contribution from Parent 3.1 0.0
Net distribution to Parent 0.0 (42.1)
Credit facilities issuance costs 0.0 (0.3)
Net cash used in financing activities (24.6) (152.0)
Net increase (decrease) in cash and cash equivalents 67.8 (32.7)
Cash and cash equivalents at beginning of the period 93.0 150.2
Cash and cash equivalents at end of the period 160.8 117.5
Non-cash investing and financing transactions    
Contribution of fixed assets from Parent 0.0 0.4
Change in accrued capital expenditures (1.1) (0.4)
Other non-cash contributions from Parent 0.3 0.0
Other non-cash capital distributions to general partner (7.1) 0.0
Other non-cash contribution from general partner 7.1 0.0
Other non-cash credit facilities issuance costs $ (0.6) $ 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.