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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net (loss) income $ (51,915) $ 493,665 $ 548,675
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:      
Interest rate swap settlement deferred in comprehensive income (50,982) 20,018 0
Depreciation and amortization 269,423 269,243 254,659
Amortization of debt issuance costs, discounts, and settled interest rate swaps 15,587 17,202 16,926
Non-cash unit-based compensation expense 21,890 30,568 33,482
Gain on sale of DPTS asset package (342,984) 0 0
Changes in fair value of derivatives, net (19,932) (24,730) 103,336
Amortization of acquired storage contracts 0 0 (5,979)
Loss (earnings) from equity investments 274,123 (36,005) (11,536)
Distributions of earnings from equity investments 24,350 35,854 3,280
Goodwill impairment 536,964 0 0
(Gain) loss on other asset retirements and disposals, net (15,886) (5,406) (5,187)
Other non-cash items 4,608 3,632 7,162
Change in assets and liabilities, net of amounts related to acquisitions:      
Accounts receivable, net 54,586 (28,957) (23,646)
Construction and pipeline relocation receivables (3,212) 6,229 (4,961)
Inventories 92,095 56,430 (162,257)
Prepaid and other current assets (22,279) 23,278 (41,224)
Accounts payable (25,350) 46,078 25,983
Accrued and other current liabilities 44 (4,278) (7,347)
Other non-current assets and liabilities 6,699 (14,419) (13,449)
Net cash provided by operating activities 767,829 888,402 717,917
Cash flows from investing activities:      
Capital expenditures (467,611) (433,335) (486,316)
Proceeds from sale of DPTS asset package 444,555 0 0
Proceeds from property disposals and recoveries 9,388 6,409 8,263
Acquisition of and contribution to equity investments (42,204) (1,387,844) 0
Distributions from equity investments in excess of earnings 76,413 31,724 2,526
Acquisitions of business, net of cash acquired 896 (26,942) (26,025)
Proceeds from settlement of interest rate swap 50,982 0 0
Escrow returns (deposits) 0 0 19,850
Net cash provided by (used in) investing activities 72,419 (1,809,988) (481,702)
Cash flows from financing activities:      
Net proceeds from issuance of Units and exercise of Unit options 261,962 346,276 689,428
Payment of tax withholding on issuance of LTIP awards (8,306) (9,447) (6,711)
Proceeds from issuance of long-term debt, net of issuance costs 394,937 394,418 841,451
Repayment of long-term debt (700,000) (125,000) 0
Borrowings under the BPL Credit Facility 2,391,700 1,912,872 1,007,200
Repayments under the BPL Credit Facility (2,213,799) (1,746,172) (1,368,200)
Net (repayments) borrowings under the BMSC Credit Facility (74,477) 252,204 (111,488)
Acquisition of remaining noncontrolling interest (210,000) 0 0
Contributions from noncontrolling interests 7,400 12,000 5,000
Distributions paid to noncontrolling interests (16,292) (39,230) (15,750)
Distributions to LP unitholders (673,723) (714,495) (641,686)
Net cash (used in) provided by financing activities (840,598) 283,426 399,244
Net (decrease) increase in cash and cash equivalents (350) (638,160) 635,459
Cash and cash equivalents — Beginning of year 2,180 640,340 4,881
Cash and cash equivalents — End of year $ 1,830 $ 2,180 $ 640,340