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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities      
Net income [1] $ 391.8 $ 377.5 [2],[3] $ 374.0 [2],[3]
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation, amortization and accretion 45.0 43.1 [2],[3] 37.9 [2],[3]
Loss from disposition of fixed assets 0.1 0.2 [2],[3] 0.3 [2],[3]
Non-cash interest expense 0.4 2.7 [2] 0.0 [2]
Allowance oil reduction to net realizable value 0.3 0.0 [2] 2.7 [2]
Undistributed equity earnings (6.5) 4.1 [2] (4.3) [2]
Changes in operating assets and liabilities      
Accounts receivable (7.4) 0.3 [2] 3.4 [2]
Allowance oil (3.4) (4.0) [2] (4.7) [2]
Prepaid expenses and other assets (6.8) (0.1) [2] (0.7) [2]
Accounts payable 8.3 0.3 [2] (7.7) [2]
Deferred revenue and other unearned income 6.0 7.9 [2] (14.2) [2]
Accrued liabilities 4.6 (2.8) [2] 9.1 [2]
Net cash provided by operating activities 432.4 429.2 [2] 395.8 [2]
Cash flows from investing activities      
Capital expenditures (58.0) (45.8) [2] (51.7) [2]
Acquisitions from Parent (420.5) (172.8) [2] (179.8) [2]
Third party acquisitions (37.9) (42.0) [2] 0.0 [2]
Capital contribution on acquisition (12.0) 0.0 [2] 0.0 [2]
Purchase price adjustment 0.3 0.0 [2] 0.0 [2]
Return of investment 18.2 15.8 [2] 12.5 [2]
April 2017 Divestiture 0.8 0.0 [2] 0.0 [2]
Payment of pre-IPO distributions from investments to SPLC 0.0 0.0 [2] (11.9) [2]
Net cash used in investing activities (509.1) (244.8) [2] (230.9) [2]
Cash flows from financing activities      
Net proceeds from private equity placement 0.0 0.0 [2] 297.4 [2]
Net proceeds from public offerings 277.9 818.1 [2] 296.8 [2]
Borrowing under credit facilities 1,693.1 638.7 [2] 458.2 [2]
Contributions from general partner 5.8 9.8 [2] 6.1 [2]
Repayment of credit facilities (533.1) (410.0) [2] 0.0 [2]
Capital distributions to general partner (1,034.5) (896.3) [2] (1,002.1) [2]
Distributions to noncontrolling interest (18.9) (30.2) [2] (73.2) [2]
Distributions to unitholders and general partner (267.8) (179.9) [2] (96.5) [2]
Other contributions from Parent 18.2 14.4 [2] 40.4 [2]
Credit facility issuance costs (2.4) (0.6) [2] (0.3) [2]
Net distributions to Parent (65.6) (120.0) [2] (148.1) [2]
Proceeds from April 2017 Divestiture 20.2 0.0 [2] 0.0 [2]
Other (0.6) (0.1) [2] 0.0 [2]
Net cash provided by (used in) financing activities 92.3 (156.1) [2] (221.3) [2]
Net increase (decrease) in cash and cash equivalents 15.6 28.3 [2] (56.4) [2]
Cash at beginning of the year [2] 122.1 [4] 93.8 150.2
Cash at end of the year 137.7 122.1 [2],[4] 93.8 [2]
Non-cash investing activity      
Increase in asset retirement obligation 0.0 (1.0) [2] (0.2) [2]
Non-cash investing and financing transactions      
Change in accrued capital expenditures (0.1) (1.1) [2] (6.5) [2]
Contribution of fixed assets from Parent 0.0 0.0 [2] 0.4 [2]
Net assets not contributed to the Partnership (5.1) 0.0 [2] (6.4) [2]
Commencement of capital lease 0.0 0.0 [2] 22.8 [2]
Other non-cash contributions from Parent 0.0 0.2 [2] 1.8 [2]
Other non-cash capital distributions to general partner 0.0 (7.1) [2] 0.0 [2]
Other non-cash contribution from general partner $ 0.0 $ 7.1 [2] $ 0.0 [2]
[1] The financial information presented has been retrospectively adjusted for acquisitions of businesses under common control.
[2] The financial information presented has been retrospectively adjusted for acquisitions of businesses under common control.
[3] The financial information presented has been retrospectively adjusted for acquisitions of businesses under common control.
[4] The financial information presented has been retrospectively adjusted for acquisitions of businesses under common control.