| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||
Net income/(loss) | ||||||||
2,062 | 2,107 | -41 | 660 | 809 | 1,328 | 1,374 | 1,118 | 987 |
Reconciliation of net income/(loss) to net cash provided by operating activities: | ||||||||
Depreciation and amortization | ||||||||
604 | 521 | 519 | 515 | 433 | 386 | 368 | 483 | 250 |
(Gains)/losses on asset sales and asset impairments, net (Note 14) | ||||||||
-28 | 114 | -109 | 20 | - | - | - | - | - |
Equity-indexed compensation expense/(benefit) | ||||||||
35 | 79 | 41 | 60 | 27 | 99 | 116 | 101 | 110 |
Inventory valuation adjustments | ||||||||
11 | 8 | 35 | 3 | 117 | 289 | 7 | 128 | 4 |
Deferred income tax expense/(benefit) | ||||||||
64 | 236 | 909 | -7 | 98 | 141 | 6 | 1 | - |
Gain on sales of linefill and base gas | ||||||||
- | - | - | - | - | - | - | 19 | 21 |
Loss on foreign currency revaluation | ||||||||
- | - | - | - | - | - | - | -2 | - |
Settlement of terminated interest rate hedging instruments | ||||||||
55 | -14 | 29 | 29 | 48 | 7 | -8 | -112 | 12 |
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 | - |
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 | - | - | - | - | - |
Other | ||||||||
-21 | -39 | 3 | -25 | 20 | -24 | -6 | 6 | -15 |
Changes in assets and liabilities, net of acquisitions: | ||||||||
Trade accounts receivable and other | ||||||||
1,158 | -309 | 511 | 524 | -803 | -1,177 | 185 | -218 | -83 |
Inventory | ||||||||
5 | 75 | -605 | 463 | 90 | 129 | -134 | 180 | -518 |
Trade accounts payable and other | ||||||||
1,151 | -367 | 848 | 507 | -813 | -1,317 | 124 | -504 | 399 |
Net cash provided by operating activities | ||||||||
2,500 | 2,604 | 2,496 | 718 | 1,347 | 1,988 | 1,948 | 1,232 | 2,357 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||
Cash paid in connection with acquisitions, net of cash acquired (Note 14) | ||||||||
50 | - | 1,280 | 282 | 105 | 1,098 | 28 | 2,156 | 1,390 |
Investments in unconsolidated entities | ||||||||
524 | 468 | 416 | 301 | 253 | 158 | 133 | 76 | - |
Change in restricted cash | ||||||||
- | - | - | - | - | - | - | - | -20 |
Additions to property, equipment and other | ||||||||
1,181 | 1,634 | 1,024 | 1,334 | 2,079 | 1,932 | 1,613 | 1,204 | 635 |
Proceeds from sales of assets (Note 14) | ||||||||
77 | 1,334 | 1,083 | 654 | 5 | 28 | 200 | 22 | 12 |
Return of investment from unconsolidated entities (Note 9) | ||||||||
- | 10 | 21 | - | - | - | - | 59 | - |
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 |
Other investing activities | ||||||||
13 | 10 | 1 | 3 | -34 | -25 | -43 | -7 | 5 |
Net cash used in investing activities | ||||||||
-1,765 | -813 | -1,570 | -1,273 | -2,530 | -3,296 | -1,653 | -3,392 | -2,020 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||
Net repayments under PNG credit agreement | ||||||||
- | - | - | - | - | - | -382 | 61 | 62 |
Net repayments under PAA commercial paper program (Note 8) | ||||||||
93 | -123 | -690 | -564 | 631 | -366 | 1,110 | - | - |
Net borrowings under PAA senior unsecured revolving credit facility (Note 8) | ||||||||
- | - | - | - | - | - | -92 | 59 | -793 |
Net borrowings under PAA senior secured hedged inventory facility (Note 8) | ||||||||
325 | -778 | 36 | 447 | 300 | 0 | -660 | 591 | -425 |
Net repayments under AAP senior secured revolving credit facility (Note 11) | ||||||||
- | - | - | -9 | -27 | 21 | 15 | -7 | 3 |
Repayment of AAP term loan (Note 11) | ||||||||
- | - | - | 550 | - | 0 | - | - | - |
Proceeds from PAA GO Zone term loans (Note 11) | ||||||||
- | 200 | - | - | 50 | 0 | 300 | - | - |
Proceeds from the issuance of PAA senior notes (Note 11) | ||||||||
998 | - | - | 748 | 998 | 2,595 | 699 | 1,996 | 597 |
Repayments of PAA senior notes (Note 11) | ||||||||
1,000 | - | 1,350 | 175 | 549 | 0 | 250 | 500 | 200 |
Net proceeds from sales of Class A shares | ||||||||
- | - | 1,535 | - | - | 0 | - | - | 870 |
Net proceeds from the sale of preferred units by a subsidiary (Note 12) | ||||||||
- | - | 788 | 1,569 | - | - | - | - | - |
Net proceeds from the sale of common units by a subsidiary (Note 12) | ||||||||
128 | - | 129 | 796 | 1,099 | 848 | 505 | 959 | 370 |
Contributions from noncontrolling interests related to the sale of common units by subsidiaries | ||||||||
- | - | - | - | - | - | 10 | 28 | 17 |
Proceeds received from initial public offering (Note 10) | ||||||||
- | - | - | - | - | - | 2,825 | - | - |
Distribution of proceeds received from initial public offering (Note 10) | ||||||||
- | - | - | - | - | - | 2,825 | - | - |
Distributions paid to Class A shareholders (Note 9) | ||||||||
231 | 189 | 271 | 234 | 195 | 91 | - | - | - |
Distributions paid to members (Note 10) | ||||||||
- | - | - | - | - | - | 6 | 3 | 2 |
Distributions paid to noncontrolling interests (Note 9) | ||||||||
977 | 843 | 1,122 | 1,419 | 1,465 | 1,305 | 1,494 | 1,005 | 822 |
Other financing activities | ||||||||
-53 | -20 | 5 | -38 | -29 | -30 | -29 | -20 | -14 |
Net cash used in financing activities | ||||||||
-717 | -1,753 | -940 | 571 | 813 | 1,672 | -274 | 2,159 | -337 |
Effect of translation adjustment | ||||||||
-3 | -9 | 4 | 4 | -4 | -3 | -3 | -1 | -10 |
Net increase in cash and cash equivalents and restricted cash | ||||||||
15 | 29 | -10 | 20 | -374 | 361 | 18 | -2 | -10 |
Cash paid for: | ||||||||
Interest, net of amounts capitalized | ||||||||
397 | 400 | 486 | 462 | 405 | 344 | 312 | 302 | 261 |
Income taxes, net of amounts refunded | ||||||||
136 | 21 | 50 | 98 | 50 | 159 | 37 | 72 | 11 |