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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net income $ 568 $ 556 $ 546
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation, amortization and accretion 50 50 49
Amortization of contract assets - related parties 15 11 0
Loss from impairment of fixed assets and revision of ARO 3 0 2
Non-cash interest expense 1 1 1
Allowance oil reduction to net realizable value 0 8 1
Undistributed equity earnings (5) (4) (6)
Changes in operating assets and liabilities      
Accounts receivable (15) 0 7
Allowance oil (13) (6) 0
Prepaid expenses and other assets (1) (7) 0
Accounts payable 1 7 2
Deferred revenue and other unearned income 10 24 (11)
Accrued liabilities (2) 10 6
Net cash provided by operating activities 612 650 597
Cash flows from investing activities      
Capital expenditures (11) (27) (38)
Acquisitions from Parent 0 0 (90)
May 2021 Transaction 10 0 0
Contributions to investment (4) 0 (25)
Return of investment 48 91 66
Auger Divestiture 2 0 0
Net cash provided by (used in) investing activities 45 64 (87)
Cash flows from financing activities      
Payment of equity issuance costs 0 (2) 0
Borrowings under credit facilities 0 0 600
Capital distributions to general partner 0 0 (510)
Distributions to noncontrolling interests (12) (16) (17)
Distributions to unitholders and general partner (606) (670) (519)
Other contributions from Parent 0 2 19
Prepayment fee on credit facility (2) 0 0
Receipt of principal payments on financing receivables 5 3 0
Repayment of principal on finance leases (1) (1) (1)
Net cash used in financing activities (616) (684) (428)
Net increase in cash and cash equivalents 41 30 82
Cash and cash equivalents at beginning of the period 320 290 208
Cash and cash equivalents at end of the period 361 320 290
Non-cash investing and financing transactions:      
Change in accrued capital expenditures $ 1 $ (5) $ (3)