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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 $ 617.8 $ 484.9 $ 317.7
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation expense 165.6 156.9 142.5
(Gain) loss on sale of property, plant and equipment   (0.1)  
(Gain) loss on interest rate swaps   (0.4) (0.8)
(Income) loss from equity investments (10.6) (10.3) (3.4)
Distributions from equity investments 17.4 9.7  
(Increase) decrease in capitalized interest     (4.1)
Amortization of deferred financing costs 7.3 6.5 5.1
Equity-based compensation expense 1.4 1.5 1.5
Deferred income tax expense (benefit) 14.6 7.3 (0.1)
Changes in assets and liabilities:      
Accounts receivable – affiliate (27.0) (5.0) (19.5)
Other current and noncurrent assets (5.1) (0.7) (1.4)
Accounts payable – trade (3.1) (0.6) 11.5
Accounts payable – affiliate 9.7 0.1 3.7
Accrued liabilities 9.2 (11.4) 18.6
Other current and noncurrent liabilities (1.7) 3.3 (0.6)
Net cash provided by (used in) operating activities 795.5 641.7 470.7
Cash flows from investing activities      
Additions to property, plant and equipment (163.2) (301.1) (306.4)
Acquisitions     (89.2)
Payments for equity investments     (33.0)
Proceeds from sale of property, plant and equipment   0.1  
Net cash provided by (used in) investing activities (163.2) (301.0) (497.5)
Cash flows from financing activities      
Net proceeds from (repayments of) bank borrowings with maturities of 90 days or less (80.0) 152.0 32.0
Bank borrowings with maturities of greater than 90 days      
Borrowings     210.0
Repayments (10.0)   (7.5)
Proceeds from issuance of senior notes 750.0   550.0
Financing costs (11.6) (1.3) (20.4)
Transaction costs (2.1)    
Class B unit repurchase (750.0)    
Distributions to shareholders/unitholders (49.4) (31.6) (85.4)
Distributions to noncontrolling interest (479.6) (462.1)  
Cash consideration paid related to Restructuring     (601.8)
Capital contributions (distributions) to Hess associated with acquisitions   1.6 (156.1)
Net cash provided by (used in) financing activities (632.7) (341.4) (79.2)
Increase (decrease) in cash and cash equivalents (0.4) (0.7) (106.0)
Cash and cash equivalents, beginning of period 2.6 3.3 109.3
Cash and cash equivalents, end of period 2.2 2.6 3.3
Supplemental disclosure of non-cash investing and financing activities:      
(Increase) decrease in accrued capital expenditures and related liabilities (19.8) 48.1 (10.7)
Recognition of deferred tax asset 89.0 49.7
Tioga System Acquisition contingent liability adjustment $ (4.1) $ (3.0)  
Hess      
Cash flows from investing activities      
Acquisitions     $ (68.9)