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CONSOLIDATED STATEMENTS OFCASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) including noncontrolling interests $ 99,221 $ 81,684 $ (1,327,720)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Unrealized derivative instrument (gain) loss (82,114) 36,080 8,470
Depreciation and accretion 16,201 15,945 41,480
Deferred income tax expense 0 0 64,915
Income from equity method interests, net (113,764) (58,739) (19,069)
Distributions from equity method interests 133,974 80,747 25,316
Impairments 441 1,643 1,300,719
Impairment on equity method interests 160,441 0 0
Power credit, net (5,701) 0 0
Warrants valuation adjustment (664) (1,200) (11,180)
Other 2,741 3,368 907
Changes in operating assets and liabilities:      
(Increase) decrease in inventories 356 430 (620)
(Increase) decrease in prepaid assets and other 217 (56) 3,877
Increase in accounts receivable (1,216) (1,033) 0
(Increase) decrease in revenue receivables (Note 2) (2,339) 4,083 (4,532)
(Increase) decrease in account receivables from/payable to affiliate (8,174) 1,043 (6,361)
Increase in accrued expenses 9,353 280 71
Increase in deferred charges, deferred credits and other noncurrent liabilities 746 19 0
NET CASH PROVIDED BY OPERATING ACTIVITIES 209,719 164,294 76,273
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (4,588) (29,981) (342,650)
Proceeds from sale of assets 3,037 10,240 13,309
Contributions to equity method interests (28,420) (327,305) (501,352)
Distributions from equity method interests 38,755 17,419 0
Acquisition of equity method interests 0 0 (670,625)
Capitalized interest paid 0 (8,733) (2,370)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 8,784 (338,360) (1,503,688)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Redeemable noncontrolling interest - Preferred Unit limited partners, net 0 0 611,249
Distributions paid to Preferred Unit limited partners (46,249) (23,124) 0
Distributions paid to Apache limited partner (75,000) 0 0
Dividends paid (22,479) 0 0
Proceeds from revolving credit facility 33,000 228,000 396,000
Finance lease 0 (11,789) (22,994)
Deferred facility fees 0 (816) (792)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (110,728) 192,271 983,463
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 107,775 18,205 (443,952)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 24,188 5,983 449,935
CASH AND CASH EQUIVALENTS AT END OF PERIOD 131,963 24,188 5,983
SUPPLEMENTAL CASH FLOW DATA:      
Accrued capital expenditures [1] 514 834 18,573
Finance lease liability [2] 0 0 9,767
Interest paid, net of capitalized interest 9,540 1,013 903
Cash received for income tax refunds $ 0 $ 696 $ 527
[1] Includes $0.8 million due from Apache and $0.4 million and $1.5 million due to Apache of capital expenditures for the years ended December 31, 2021, 2020, and 2019, respectively, pursuant to the terms of the Construction, Operations, and Maintenance Agreement entered into at the closing of the Altus Combination. Refer to Note 2—Transactions with Affiliates for more information.
[2] The Company entered into a finance lease in the first quarter of 2019 for power generators, which ended during the first quarter of 2020. The Company then exercised its option to purchase the generators.