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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 437,534 $ 274,857 $ 164,425
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Settlement of terminated interest rate swap agreements 0 (51,469) (62,009)
Depreciation and amortization 221,278 196,443 155,183
Litigation contingency accrual 15,229 40,000 0
Litigation settlement (52,839) 0 0
Impairment of assets of discontinued operations 0 23,365 169,002
Net changes in fair value of derivatives (9,177) (77,901) 1,776
Non-cash deferred lease expense 0 3,637 3,770
Amortization of unfavorable storage contracts (11,071) (11,071) (11,023)
Earnings from equity investments (6,381) (11,265) (5,243)
Distributions from equity investments 5,108 470 1,312
Other non-cash items 53,669 35,481 42,196
Change in assets and liabilities, net of amounts related to acquisitions:      
Accounts receivable 48,006 71,299 (69,661)
Construction and pipeline relocation receivables 7,051 (5,424) (10,057)
Inventories 52,775 70,068 (45,344)
Prepaid and other current assets (3,523) 34,956 32,106
Accounts payable (65,239) 27,860 11,311
Accrued and other current liabilities 16,759 3,119 33,516
Other non-current assets 22,423 (19,706) 626
Other non-current liabilities (21,410) (5,077) (26,392)
Net cash provided by operating activities 710,192 599,642 385,494
Cash flows from investing activities:      
Capital expenditures (594,520) (472,149) (361,445)
Contribution to equity investments (300) 0 0
Acquisitions, net of working capital settlements (8,118) (824,719) (856,377)
Net proceeds from insurance settlement 0 737 12,650
Proceeds from sale and disposition of assets 10,261 1,227 494
Escrow deposits (21,360) 0 0
Proceeds from sale of discontinued operations (857) 103,407 0
Net cash used in investing activities (614,894) (1,191,497) (1,204,678)
Cash flows from financing activities:      
Net proceeds from issuance of LP Units 161,474 899,710 902,976
Net proceeds from exercise of Unit options 215 849 1,277
Payment of tax withholding on issuance of LTIP awards (7,700) (6,234) (5,034)
Issuance of long-term debt 0 599,103 1,292,666
Repayment of long term-debt 0 (275,000) (300,000)
Debt issuance costs (1,115) (7,414) (11,921)
Borrowings under BPL Credit Facility 1,627,450 1,856,031 1,651,500
Repayments under BPL Credit Facility (1,266,450) (1,885,031) (2,287,500)
Net (repayments) borrowings under BMSC Credit Facility (54,512) (60,000) 19,800
Acquisition of additional interest in Buckeye Memphis (10,044) (9,510) (9,727)
Contributions from noncontrolling interests 57,000 16,400 0
Distributions paid to noncontrolling interests (13,972) (6,593) (7,850)
Distributions paid to unitholders (590,971) (527,198) (428,829)
Net cash (used in) provided by financing activities (98,625) 595,113 817,358
Net (decrease) increase in cash and cash equivalents (3,327) 3,258 (1,826)
Cash and cash equivalents — Beginning of year 8,208 4,950 6,776
Cash and cash equivalents — End of year $ 4,881 $ 8,208 $ 4,950