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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net income $ 482.4 $ 391.8 $ 377.5
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation, amortization and accretion 45.9 45.0 43.1
Loss from disposition of fixed assets (3.4) 0.1 0.2
Non-cash interest expense 0.9 0.4 2.7
Allowance oil reduction to net realizable value 5.5 0.3 0.0
Undistributed equity earnings (5.8) (6.5) 4.1
Changes in operating assets and liabilities      
Accounts receivable (6.8) (7.4) 0.3
Allowance oil (5.8) (3.4) (4.0)
Prepaid expenses and other assets (3.7) (6.8) (0.1)
Accounts payable (6.9) 8.3 0.3
Deferred revenue and other unearned income (4.3) 6.0 7.9
Accrued liabilities 10.4 4.6 (2.8)
Net cash provided by operating activities 508.4 432.4 429.2
Cash flows from investing activities      
Capital expenditures (49.2) (58.0) (45.8)
Acquisitions from Parent (481.6) (420.5) (172.8)
Third party acquisitions 0.0 (37.9) (42.0)
Capital contribution on acquisition (28.0) (12.0) 0.0
Purchase price adjustment 0.0 0.3 0.0
Return of investment 48.2 18.2 15.8
April 2017 Divestiture 0.0 0.8 0.0
Other 0.3 0.0 0.0
Net cash used in investing activities (510.3) (509.1) (244.8)
Cash flows from financing activities      
Net proceeds from equity offerings 973.3 277.9 818.1
Borrowing under credit facilities 1,820.0 1,693.1 638.7
Repayment of credit facilities (1,572.9) (533.1) (410.0)
Contributions from general partner 20.0 5.8 9.8
Proceeds from April 2017 Divestiture 0.0 20.2 0.0
Capital distributions to general partner (738.4) (1,034.5) (896.3)
Distributions to noncontrolling interest (16.4) (18.9) (30.2)
Distributions to unitholders and general partner (423.1) (267.8) (179.9)
Net distributions to Parent 0.0 (65.6) (120.0)
Other contributions from Parent 11.6 18.2 14.4
Credit facility issuance costs (1.3) (2.4) (0.6)
Other (0.6) (0.6) (0.1)
Net cash provided by (used in) financing activities 72.2 92.3 (156.1)
Net increase (decrease) in cash and cash equivalents 70.3 15.6 28.3
Cash at beginning of the year 137.7 122.1 93.8
Cash at end of the year 208.0 137.7 122.1
Non-cash investing and financing transactions      
Change in asset retirement obligation 1.7 0.0 (1.0)
Change in accrued capital expenditures 2.4 (0.1) (1.1)
Other non-cash contributions from Parent 1.9 0.0 0.2
Net assets not contributed to the Partnership 0.0 (5.1) 0.0
Other non-cash capital distributions to general partner 0.0 0.0 (7.1)
Other non-cash contribution from general partner $ 0.0 $ 0.0 $ 7.1