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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
[3]
Jun. 30, 2016
[5]
Cash flows from operating activities    
Net income $ 143.7 [1],[2] $ 142.7 [4]
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, amortization and accretion 19.1 [2] 18.0 [4]
Non-cash interest expense 0.1 0.1
Allowance oil reduction to net realizable value 0.3 0.0
Undistributed equity earnings (1.5) 1.0
Changes in operating assets and liabilities    
Accounts receivable (14.2) 2.9
Allowance oil 0.7 0.4
Prepaid expenses 1.8 4.5
Accounts payable 5.2 (4.5)
Deferred revenue 10.4 (1.7)
Accrued liabilities 9.7 4.1
Net cash provided by operating activities 175.3 167.5
Cash flows from investing activities    
Capital expenditures (20.9) (19.7)
Acquisitions (210.6) (93.7)
Purchase price adjustment 0.4 0.0
Return of investment 8.4 8.0
April 2017 Divestiture 0.8 0.0
Net cash used in investing activities (221.9) (105.4)
Cash flows from financing activities    
Net proceeds from public offerings 2.9 818.1
Borrowing under credit facility 580.0 296.7
Contributions from general partner 0.1 9.8
Repayment of credit facilities 0.0 (410.0)
Capital distributions to general partner (419.4) (599.2)
Distributions to noncontrolling interest (6.6) (14.4)
Distributions to unitholders and general partner (122.2) (77.0)
Net distributions to Parent (6.3) (10.9)
Other contributions from Parent 12.4 0.4
Proceeds from April 2017 Divestiture 20.2 0.0
Capital lease payments (0.3) 0.0
Credit facility issuance costs (0.7) 0.0
Net cash provided by financing activities 60.1 13.5
Net increase in cash and cash equivalents 13.5 75.6
Cash and cash equivalents at beginning of the period 121.9 [6] 93.0
Cash and cash equivalents at end of the period 135.4 168.6
Non-cash investing and financing transactions    
Change in accrued capital expenditures 2.7 (4.4)
Other non-cash contributions from Parent 1.1 0.1
Other non-cash capital distributions to general partner 0.0 (7.1)
Other non-cash contribution from general partner 0.0 7.1
Distribution of working capital to Parent $ (2.8) $ 0.0
[1] Prior period financial information has been retrospectively adjusted for the acquisition of the Shell Delta, Na Kika and Refinery Gas Pipeline Operations.
[2] The 2017 financial information reflects adjustments for the acquisition of the Shell Delta, Na Kika and Refinery Gas Pipeline Operations from January 1, 2017 through May 9, 2017.
[3] The 2017 financial information reflects adjustments for the acquisition of the Shell Delta, Na Kika and Refinery Gas Pipeline Operations from January 1, 2017 through May 9, 2017.
[4] Prior period financial information has been retrospectively adjusted for the acquisition of the Shell Delta, Na Kika and Refinery Gas Pipeline Operations.
[5] Prior period financial information has been retrospectively adjusted for the acquisition of the Shell Delta, Na Kika and Refinery Gas Pipeline Operations.
[6] Prior period financial information has been retrospectively adjusted for the acquisition of the Shell Delta, Na Kika and Refinery Gas Pipeline Operations.