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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 439,746 $ 302,437
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 188,220 164,204
Litigation contingency accrual 0 15,229
Gains on property damage recoveries (5,700) 0
Net changes in fair value of derivatives 98,917 25,632
Amortization of unfavorable storage contracts (5,979) (8,303)
Earnings from equity investments (8,459) (4,550)
Distributions from equity investments 2,418 4,258
Other non-cash items 39,393 34,319
Change in assets and liabilities, net of amounts related to acquisitions:    
Accounts receivable (40,109) 39,435
Construction and pipeline relocation receivables (4,334) 6,570
Inventories (101,016) 9,599
Prepaid and other current assets (45,841) (11,513)
Accounts payable 9,332 (54,820)
Accrued and other current liabilities (10,088) (18,881)
Other non-current assets 138 3,820
Other non-current liabilities (6,865) (5,005)
Net cash provided by operating activities 549,773 502,431
Cash flows from investing activities:    
Capital expenditures (380,072) (433,152)
Acquisitions, net of working capital settlement (25,941) (2,921)
Proceeds from sale and disposition of assets 2,235 10,074
Escrow deposits 19,850 0
Recoveries on property damages 5,700 0
Net cash used in investing activities (378,228) (425,999)
Cash flows from financing activities:    
Net proceeds from issuance of LP Units 108,422 117,820
Net proceeds from exercise of LP Unit options 300 173
Payment of tax withholding on issuance of LTIP awards (5,123) (6,667)
Debt issuance costs (1,240) (365)
Borrowings under BPL Credit Facility 978,700 1,087,000
Repayments under BPL Credit Facility (1,136,800) (844,000)
Net borrowings (repayments) under BMSC Credit Facility 106,852 (17,550)
Acquisition of additional interest in Buckeye Memphis 0 (10,044)
Borrowings under $250M Term Loan 250,000 0
Contributions from noncontrolling interests 3,760 44,000
Distributions paid to noncontrolling interests (11,531) (8,348)
Distributions paid to unitholders (469,764) (439,578)
Net cash used in financing activities (176,424) (77,559)
Net decrease in cash and cash equivalents (4,879) (1,127)
Cash and cash equivalents — Beginning of period 4,881 8,208
Cash and cash equivalents — End of period $ 2 $ 7,081