Plains all american pipeline lp (PAA)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
CASH FLOWS FROM OPERATING ACTIVITIES
Net income/(loss)

2,180

2,216

858

730

906

1,386

1,391

1,127

994

514

580

437

365

Reconciliation of net income/(loss) to net cash provided by operating activities:
Depreciation and amortization

601

520

517

514

432

384

365

482

249

256

236

211

180

(Gains)/losses on asset sales and asset impairments, net (Note 14)

-28

114

-109

20

-

-

-

-

-

-

-

-

-

Equity-indexed compensation expense/(benefit)

34

79

41

60

27

98

116

101

110

98

68

24

49

Inventory valuation adjustments

11

8

35

3

117

289

7

128

4

3

-

168

1

Gain on sale of investment assets

-

-

-

-

-

-

-

-

-

-

-

12

4

Deferred income tax expense/(benefit)

-46

132

16

-60

16

100

-1

1

-

-

-9

-1

13

Gain on sales of linefill and base gas

-

-

-

-

-

-

-

19

21

21

4

3

12

Loss on foreign currency revaluation

-

-

-

-

-

-

-

-2

-

-

-

-22

-

Settlement of terminated interest rate hedging instruments

55

-14

29

29

48

7

-8

-112

12

-

-9

-

-

Change in fair value of Preferred Distribution Rate Reset Option (Note 10)

-

-

-

30

-

0

-

-

-

-

-

-

-

Equity earnings in unconsolidated entities

388

375

290

195

183

108

64

38

-

-

8

4

14

Distributions on earnings from unconsolidated entities

401

422

304

216

214

105

54

40

-

-

-

-

-

Gain on investment in unconsolidated entities

271

200

-

-

-

-

-

-

-

-

-

-

-

Equity Method Investment, Realized Gain (Loss) on Disposal

-

-

-

0

-

-

-

-

-

-

-

-

-

Net cash received/(paid) for terminated interest rate and foreign currency hedging instruments

-

-

-

-

-

-

-

-

-

-

-

-15

-

Net gain on purchase of remaining 50% interest in PNGS

-

-

-

-

-

-

-

-

-

-

9

-

-

Other

-21

-39

3

-23

21

-24

-4

6

-15

-14

19

2

1

Changes in assets and liabilities, net of acquisitions:
Trade accounts receivable and other

1,158

-309

511

524

-803

-1,177

186

-218

-83

59

744

-668

-739

Inventory

5

75

-605

463

90

129

-134

180

-518

336

319

120

-340

Trade accounts payable and other

1,151

-367

847

508

-815

-1,315

126

-504

401

-210

602

-550

616

Net cash provided by operating activities

2,504

2,608

2,499

733

1,358

2,004

1,954

1,240

2,365

259

365

857

796

CASH FLOWS FROM INVESTING ACTIVITIES
Change in restricted cash

-

-

-

-

-

-

-

-

-20

20

-

-

-

Cash paid in connection with acquisitions, net of cash acquired (Note 14)

50

-

1,280

282

105

1,098

28

2,156

1,390

407

219

709

127

Investments in unconsolidated entities

524

468

416

301

253

158

133

76

-

-

4

37

9

Additions to property, equipment and other

1,181

1,634

1,024

1,334

2,079

1,932

1,613

1,204

635

451

460

589

548

Proceeds from sales of assets (Note 14)

77

1,334

1,083

654

5

28

200

22

12

3

6

51

40

Return of investment from unconsolidated entities (Note 9)

-

10

21

-

-

-

-

59

-

-

-

-

-

Net cash received/(paid) for sales and purchases of linefill and base gas

-

-

-

-

-

-

-

-

-

25

-9

55

19

Cash received from sales of linefill and base gas

-

-

49

-

1

-

-

65

56

-

-

-

-

Cash paid for purchases of linefill and base gas

74

45

2

7

133

161

122

109

78

-

-

-

-

Net repayments under PNG credit agreement

-

-

-

-

-

-

-382

61

62

260

-

-

-

Net borrowings/(repayments) on PAA's revolving credit facility

-

-

-

-

-

-

-

-

-

-

-19

-

-

Other investing activities

13

10

1

3

-34

-25

-43

-7

5

1

-

-

-

Net cash used in investing activities

-1,765

-813

-1,570

-1,273

-2,530

-3,296

-1,653

-3,392

-2,020

-851

-686

-1,339

-663

CASH FLOWS FROM FINANCING ACTIVITIES
Net repayments under commercial paper program (Note 8)

93

-123

-690

-564

631

-366

1,110

-

-

-

-

-

-

Net borrowings under senior unsecured revolving credit facility (Note 8)

-

-

-

-

-

-

-92

59

-793

49

-

286

305

Net borrowings under senior secured hedged inventory facility (Note 8)

325

-778

36

447

300

0

-660

591

-425

200

20

-196

-359

Repayment under AAP senior secured revolving credit facility (Note 11)

-

-

-

92

-

0

-

-

-

-

-

-

-

Repayment of AAP term loan (Note 11)

-

-

-

550

-

0

-

-

-

-

-

-

-

Proceeds from GO Zone term loans (Note 11)

-

200

-

-

-

-

-

-

-

-

-

-

-

Repayment of PNGS debt

-

-

-

-

-

-

-

-

-

-

446

-

-

Proceeds from the issuance of senior notes (Note 11)

998

-

-

748

998

2,595

699

1,996

597

400

1,346

597

0

Repayments of senior notes (Note 11)

1,000

-

1,350

175

549

0

250

500

200

175

430

-

-

Net proceeds from the sale of Series A preferred units (Note 12)

-

-

788

1,569

-

0

-

-

-

-

-

-

-

Net proceeds from the sale of common units (Note 12)

-

-

1,664

796

1,099

848

465

959

889

296

458

315

383

Contributions from general partner

-

-

-

42

23

18

25

20

-

-

-

-

-

Sale of noncontrolling interest in a subsidiary (Note 12)

128

-

-

-

-

-

-

-

370

268

26

-

-

Distributions paid to general partner (Note 12)

-

-

-

565

590

473

369

285

216

170

137

114

-81

Distributions paid to noncontrolling interests

-

-

-

-

-

-

-

48

40

10

2

-

-

Other financing activities

-62

-24

-

-38

-31

-31

-36

-18

-14

-2

-10

-6

-2

Net cash used in financing activities

-720

-1,757

-943

556

800

1,657

-281

2,151

-345

604

338

464

-124

Effect of translation adjustment

-3

-9

4

4

-4

-3

-3

-1

-10

-1

-3

5

4

Net increase in cash and cash equivalents and restricted cash

16

29

-10

20

-376

362

17

-2

-10

11

14

-13

13

Cash paid for:
Interest, net of amounts capitalized

397

400

486

450

396

334

305

295

254

253

214

206

186

Income taxes, net of amounts refunded

136

21

50

98

50

159

37

71

11

21

-5

15

3

Series A Preferred Units
Distributions paid to unitholders (Note 9)

149

112

-

-

-

-

-

-

-

-

-

-

-

Series B Preferred Units
Distributions paid to unitholders (Note 12)

49

49

5

-

-

-

-

-

-

-

-

-

-

Common Units
Distributions paid to unitholders (Note 9)

1,004

871

1,386

1,062

1,081

934

791

684

575

512

468

418

-370