| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|
Operating activities: | |||||||||
Income from continuing operations | |||||||||
708,000 | 116,000 | 739,000 | - | - | - | - | - | - | - |
Net income | |||||||||
- | - | - | 740,000 | 160,400 | 550,100 | 677,200 | -137,900 | 328,000 | 403,200 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
442,000 | 427,000 | 378,000 | 458,200 | 388,000 | 344,800 | 339,800 | 311,200 | 269,300 | 223,400 |
Changes in unrealized loss on derivative instruments, net | |||||||||
47,000 | -16,000 | 83,000 | 72,000 | -28,600 | -18,500 | 30,100 | -6,100 | -15,200 | 68,800 |
Environmental costs, net of recoveries | |||||||||
-14,000 | -10,000 | -6,000 | -82,200 | -308,100 | -72,600 | -171,200 | -600,800 | -4,900 | 5,900 |
Distributions from equity investment in joint venture | |||||||||
52,000 | 0 | 0 | 12,200 | 0 | 0 | - | - | - | - |
Income from equity investment in joint venture (Note 7) | |||||||||
52,000 | 0 | 0 | 13,200 | 0 | 0 | - | - | - | - |
Gain on sale of assets (Note 6) | |||||||||
74,000 | 0 | 0 | - | 17,100 | 0 | - | - | -1,600 | - |
Income taxes (Note 15) | |||||||||
- | - | - | - | -22,900 | -100 | 1,100 | - | - | - |
Goodwill impairment (Note 15) | |||||||||
- | - | - | 0 | 0 | - | - | - | - | - |
State income taxes | |||||||||
- | - | - | - | - | 0 | 0 | - | - | - |
Allowance for equity used during construction | |||||||||
47,000 | 46,000 | 70,000 | 57,200 | 43,100 | 11,200 | 0 | - | - | - |
Amortization of debt issuance and hedging costs | |||||||||
37,000 | 40,000 | 17,000 | 9,400 | 10,500 | 12,700 | - | - | - | - |
Impairment of long-lived asset (Note 6) | |||||||||
- | - | - | - | - | 0 | - | 10,300 | - | - |
Inventory market price adjustments (Note 9) | |||||||||
- | - | - | 11,400 | 3,400 | 9,800 | 3,600 | 4,100 | 3,600 | 11,600 |
Asset impairment | |||||||||
0 | 757,000 | 63,000 | 15,600 | 0 | - | - | - | - | - |
Other | |||||||||
-4,000 | -1,000 | 21,000 | 15,100 | -3,900 | 1,400 | -21,600 | -9,700 | -7,200 | 19,600 |
Settlement of interest rate derivatives | |||||||||
0 | 0 | -238,000 | -400 | -5,300 | 0 | -18,800 | -3,000 | -700 | -22,100 |
Changes in operating assets and liabilities | |||||||||
358,000 | 130,000 | 9,000 | 384,500 | - | - | - | - | - | - |
Receivables, trade and other | |||||||||
- | - | - | - | -125,000 | -42,700 | 2,600 | 20,000 | 45,700 | -56,100 |
Due from General Partner and affiliates | |||||||||
- | - | - | - | 12,600 | 3,100 | -3,800 | 9,100 | -22,500 | 13,300 |
Accrued receivables | |||||||||
- | - | - | - | -286,100 | 61,800 | -174,600 | 231,200 | -66,500 | -91,500 |
Inventory | |||||||||
- | - | - | - | 21,200 | -11,100 | -37,500 | 68,000 | 22,900 | -46,000 |
Current and long-term other assets | |||||||||
- | - | - | - | 24,100 | 7,300 | 7,700 | 2,000 | 44,400 | -10,200 |
Due to General Partner and affiliates | |||||||||
- | - | - | - | 79,100 | -12,500 | 4,900 | 3,900 | 100 | -3,600 |
Accounts payable and other | |||||||||
- | - | - | - | 85,100 | -8,600 | 46,400 | 55,300 | -2,300 | -11,900 |
Environmental liabilities | |||||||||
- | - | - | - | -174,900 | -100,300 | -292,300 | -337,100 | -2,200 | -5,300 |
Accrued purchases | |||||||||
- | - | - | - | 13,800 | -19,100 | -101,600 | 161,100 | 47,500 | -222,600 |
Interest payable | |||||||||
- | - | - | - | 4,300 | -900 | 9,600 | 15,000 | 11,300 | 13,100 |
Property and other taxes payable | |||||||||
- | - | - | - | -700 | 12,000 | 9,600 | 8,700 | 6,000 | 10,300 |
Net cash provided by operating activities | |||||||||
671,000 | 1,189,000 | 824,000 | 816,800 | 1,212,400 | 851,000 | 1,045,600 | 377,900 | 728,400 | 543,300 |
Net cash used in discontinued operations | |||||||||
-171,000 | 227,000 | 207,000 | - | - | - | - | - | - | - |
Oil Measurement Adjustments | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Impairment charge | |||||||||
- | - | - | - | - | - | - | - | -66,100 | - |
Investing activities: | |||||||||
Capital expenditures | |||||||||
606,000 | 1,024,000 | 1,926,000 | 2,933,600 | - | - | - | - | - | - |
Proceeds from the sale of net assets | |||||||||
- | - | - | - | - | - | 3,700 | 0 | 150,800 | - |
Changes in construction payables | |||||||||
- | - | - | - | - | - | - | 12,600 | -32,300 | 40,000 |
Changes in restricted cash | |||||||||
-13,000 | -3,000 | -37,000 | 27,600 | 69,400 | 0 | 0 | - | - | - |
Proceeds from the sale of assets (Note 6) | |||||||||
329,000 | 0 | 0 | 0 | 44,700 | 9,500 | - | - | - | - |
Proceeds from the sale of Midcoast assets (Note 6) | |||||||||
1,310,000 | 0 | 0 | - | - | - | - | - | - | - |
Equity investment in joint venture | |||||||||
1,598,000 | 0 | 0 | 36,700 | 188,600 | -168,500 | - | - | - | - |
Distributions from equity investment in joint venture in excess of cumulative earnings | |||||||||
32,000 | 0 | 0 | 27,800 | 0 | 0 | - | - | - | - |
Additions to property, plant and equipment (Note 15) | |||||||||
- | - | - | - | 2,409,900 | 1,739,900 | 1,045,200 | 716,200 | 1,292,100 | 1,375,400 |
Asset acquisitions | |||||||||
0 | 0 | 41,000 | 200 | 900 | 0 | 46,600 | 713,300 | 0 | 11,700 |
Joint Venture Contributions | |||||||||
- | - | - | - | - | - | 0 | 0 | - | - |
Other | |||||||||
4,000 | 9,000 | -1,000 | 6,300 | 18,800 | 7,700 | 10,900 | 10,900 | 0 | 1,200 |
Net cash used in investing activities | |||||||||
-524,000 | -1,030,000 | -1,929,000 | -2,976,600 | -2,642,900 | -1,906,600 | -1,099,000 | -1,427,800 | -1,173,600 | -1,428,300 |
Net cash used in discontinued operations | |||||||||
-14,000 | -37,000 | -197,000 | - | - | - | - | - | - | - |
Financing activities: | |||||||||
Redemption of Series 1 Preferred units (Note 11) | |||||||||
1,200,000 | 0 | 0 | - | - | - | - | - | - | - |
Payment of Series 1 Preferred unit dividends (Note 11) | |||||||||
357,000 | 0 | 0 | - | - | - | - | - | - | - |
Net proceeds from Class A common unit issuances (Note 11) | |||||||||
1,225,000 | 0 | 295,000 | - | - | - | - | - | - | - |
Net proceeds from Series 1 preferred unit issuance (Note 11) | |||||||||
- | - | - | - | 1,199,200 | 0 | 0 | - | - | - |
Net proceeds from unit issuances (Note 20) | |||||||||
- | - | - | 0 | 519,300 | 457,000 | 881,400 | 414,700 | 1,000 | 731,600 |
Distributions to partners | |||||||||
605,000 | 798,000 | 771,000 | 727,900 | 708,900 | 660,300 | 565,700 | 481,600 | 395,000 | 286,700 |
Repayments to General Partner and affiliates | |||||||||
1,640,000 | 0 | 306,000 | 12,000 | 12,000 | 12,000 | 12,400 | 330,700 | 0 | - |
Borrowings from General Partner and affiliates | |||||||||
1,500,000 | 750,000 | 0 | 0 | - | - | 7,000 | 408,400 | 269,700 | - |
Net borrowings (repayments) under credit facilities (Note 8) | |||||||||
-1,115,000 | 155,000 | -50,000 | 1,185,000 | 335,000 | 0 | 0 | -765,000 | 598,200 | -233,200 |
Borrowings of Commercial Paper | |||||||||
- | - | - | - | - | - | - | 884,700 | 0 | -268,000 |
Repayments of Commercial Paper | |||||||||
- | - | - | - | - | - | 609,800 | - | - | - |
Net commercial paper borrowings (Note 8) | |||||||||
910,000 | 66,000 | -286,000 | 312,100 | -859,900 | 884,900 | - | - | - | - |
Repayment of long-term debt (Note 8) | |||||||||
0 | 300,000 | 0 | 200,000 | 200,000 | 100,000 | 31,000 | 31,000 | 420,700 | 56,000 |
Acquisition of noncontrolling interest in subsidiary (Note 12) | |||||||||
360,000 | 0 | 0 | - | - | - | - | - | - | - |
Sale of noncontrolling interest in subsidiary (Note 12) | |||||||||
450,000 | 0 | 0 | - | - | - | - | - | - | - |
Contributions from noncontrolling interests | |||||||||
1,485,000 | 99,000 | 822,000 | 1,391,600 | 1,148,500 | 350,900 | 3,300 | 102,300 | 329,700 | - |
Distributions to noncontrolling interests | |||||||||
504,000 | 159,000 | 242,000 | 154,000 | 53,800 | 59,900 | 76,400 | 38,600 | 0 | - |
Repayment of affiliate notes payable | |||||||||
- | - | - | - | - | - | - | - | 130,000 | - |
Proceeds from issuance of debt, net of discounts | |||||||||
0 | 0 | 1,600,000 | 398,100 | 0 | 0 | 740,700 | 890,500 | 0 | 1,286,700 |
Debt issuance costs | |||||||||
0 | 0 | -25,000 | 0 | 0 | - | - | - | - | - |
Other | |||||||||
-2,000 | -1,000 | 0 | - | - | - | -5,700 | -2,500 | -4,000 | - |
Net cash used in financing activities | |||||||||
-213,000 | -188,000 | 1,037,000 | 2,192,900 | 1,367,400 | 860,600 | 331,400 | 1,051,200 | 248,900 | 1,174,400 |
Net cash provided by discontinued operations | |||||||||
229,000 | -201,000 | 8,000 | - | - | - | - | - | - | - |
Net decrease in cash and cash equivalents and restricted cash - continuing operations | |||||||||
-66,000 | -29,000 | -68,000 | 33,100 | -63,100 | -195,000 | 278,000 | 1,300 | -196,300 | 289,400 |
Cash disposed as part of the Midcoast sale | |||||||||
51,000 | 0 | 0 | - | - | - | - | - | - | - |
Interest paid | |||||||||
543,000 | 371,000 | 350,000 | - | - | - | - | - | - | - |
Property, plant and equipment non-cash accruals | |||||||||
79,000 | 100,000 | 311,000 | - | - | - | - | - | - | - |