XML 18 R7.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net income $ 47.8 $ 47.5
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 0.7 0.7
Non-cash expenses 0.1 0.1
Income from equity method investments (30.3) (31.3)
Distributions of earnings received from equity method investments 28.3 31.4
Changes in operating assets and liabilities    
Accounts receivable 0.7 1.1
Prepaid expenses and other current assets 2.5 2.3
Accounts payable (1.2) 0.3
Deferred revenues and credits – related parties (0.9) 0.6
Other 0.3 (3.8)
Net cash provided by operating activities 48.0 48.9
Cash flows from investing activities    
Capital expenditures (3.4) (0.7)
Distributions in excess of earnings from equity method investments 1.9 2.8
Net cash (used in) provided by investing activities (1.5) 2.1
Cash flows from financing activities    
Proceeds from issuance of debt – related parties 0.0 (468.0)
Distributions to unitholders and general partner (37.6) (37.6)
Distributions to non-controlling interests (6.4) (6.7)
Net cash used in financing activities (44.0) (44.3)
Net change in cash and cash equivalents 2.5 6.7
Cash and cash equivalents at beginning of the period 126.9 98.8
Cash and cash equivalents at end of the period 129.4 105.5
Supplemental cash flow information    
Cash paid for interest 1.2 7.5
Non-cash investing transactions    
Accrued capital expenditures 2.0 0.2
Proceeds from Issuance of Long-term Debt $ 0.0 $ 468.0