| Dec'18 | Dec'17 | Dec'16 | ||||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net income | ||||||
372,300 | 284,800 | - | ||||
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||||
Depreciation expense | ||||||
123,000 | 113,100 | - | ||||
Amortization of deferred financing costs | ||||||
1,000 | 600 | - | ||||
Unit-based compensation expense | ||||||
900 | 200 | 0 | ||||
Changes in assets and liabilities: | ||||||
Accounts receivable – affiliate | ||||||
3,200 | 15,200 | - | ||||
Other current and noncurrent assets | ||||||
-1,600 | 1,700 | - | ||||
Accounts payable – trade | ||||||
3,100 | -16,600 | - | ||||
Accounts payable – affiliate | ||||||
-6,700 | 34,400 | - | ||||
Accrued liabilities | ||||||
2,700 | -1,900 | - | ||||
Other current and noncurrent liabilities | ||||||
-1,100 | 2,200 | - | ||||
Net cash provided by (used in) operating activities | ||||||
493,600 | 399,900 | - | ||||
Payments for equity investments | ||||||
67,300 | - | - | ||||
Additions to property, plant and equipment | ||||||
235,600 | 136,400 | - | ||||
Net cash provided by (used in) investing activities | ||||||
-302,900 | -136,400 | - | ||||
Cash flows from financing activities | ||||||
Cash distributions to parent prior to the IPO on April 10, 2017 | ||||||
- | 95,300 | - | ||||
Cash contributions from parent prior to the IPO on April 10, 2017 | ||||||
- | 67,100 | - | ||||
IPO proceeds, net of underwriters' discounts | ||||||
- | 365,500 | - | ||||
Cash offering costs | ||||||
- | 2,100 | - | ||||
Distribution of IPO proceeds to Hess and GIP | ||||||
- | 349,500 | - | ||||
Financing costs | ||||||
- | 3,900 | - | ||||
Distributions to unitholders | ||||||
75,700 | 32,300 | - | ||||
Distributions to noncontrolling interest | ||||||
199,200 | 244,600 | - | ||||
Contributions from noncontrolling interest | ||||||
57,300 | 78,500 | - | ||||
Net cash provided by (used in) financing activities | ||||||
-217,600 | -216,600 | - | ||||
Increase (decrease) in cash and cash equivalents | ||||||
-26,900 | 46,900 | - | ||||
Contribution to settle accounts payable – affiliate | ||||||
- | 253,200 | - | ||||
Removal of historical capitalized offering costs | ||||||
- | 8,600 | - | ||||
Predecessor | ||||||
Net income | ||||||
- | 68,200 | 204,900 | ||||
Depreciation expense | ||||||
- | - | 99,700 | ||||
Amortization of deferred financing costs | ||||||
- | - | 1,100 | ||||
Accounts receivable – affiliate | ||||||
- | - | -5,900 | ||||
Other current and noncurrent assets | ||||||
- | - | -2,100 | ||||
Accounts payable – trade | ||||||
- | - | -12,700 | ||||
Accounts payable – affiliate | ||||||
- | - | 87,500 | ||||
Accrued liabilities | ||||||
- | - | 2,400 | ||||
Other current and noncurrent liabilities | ||||||
- | - | -3,600 | ||||
Net cash provided by (used in) operating activities | ||||||
- | - | 387,300 | ||||
Additions to property, plant and equipment | ||||||
- | - | 263,600 | ||||
Net cash provided by (used in) investing activities | ||||||
- | - | -263,600 | ||||
Cash distributions to parent prior to the IPO on April 10, 2017 | ||||||
- | - | 306,900 | ||||
Cash contributions from parent prior to the IPO on April 10, 2017 | ||||||
- | - | 183,200 | ||||
Net cash provided by (used in) financing activities | ||||||
- | - | -123,700 | ||||
Contribution of property, plant and equipment | ||||||
- | - | 58,400 | ||||