XML 81 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:      
NET INCOME $ 768 $ 1,648 $ 697
Reconciliation of net income to net cash provided by operating activities:      
Depreciation and amortization 1,032 656 405
Deferred income taxes 48 62 4
Gain on curtailment of other postretirement benefits 0 (15) 0
Amortization included in interest expense (80) (35) 10
Loss on extinguishment of debt 0 115 0
LIFO valuation adjustments (3) 75 0
Non-cash compensation expense 47 42 38
Gain on deconsolidation of Propane Business 0 (1,057) 0
Gain on sale of AmeriGas common units (87) 0 0
Goodwill impairment 689 0 0
Write-down of assets included in loss from discontinued operations 0 132 0
Distributions on unvested awards (12) (8) (8)
Equity in earnings of unconsolidated affiliates (172) (142) (26)
Distributions from unconsolidated affiliates 247 132 29
Other non-cash 42 68 29
Net change in operating assets and liabilities, net of effects of acquisitions and deconsolidations (see Note 2) (146) (475) 166
Net cash provided by operating activities 2,373 1,198 1,344
CASH FLOWS FROM INVESTING ACTIVITIES:      
Cash proceeds from SUGS Contribution (See Note 3) 504 0 0
Cash paid for Holdco Acquisition (See Note 3) (1,332) 0 0
Cash proceeds from the sale of the MGE and NEG assets (See Note 3) 1,008 0 0
Cash proceeds from the sale of AmeriGas common units 346 0 0
Cash (paid) received from all other acquisitions (405) 531 (1,972)
Capital expenditures (excluding allowance for equity funds used during construction) (2,575) (2,840) (1,416)
Cash (paid) received from all other acquisitions 52 35 25
Contributions to unconsolidated affiliates (1) (30) (222)
Distributions from unconsolidated affiliates in excess of cumulative earnings 217 130 22
Proceeds from sale of disposal group 0 207 0
Proceeds from the sale of assets 53 18 9
Restricted cash (348) 5 0
Other 21 111 1
Net cash used in investing activities (2,460) (2,285) (3,553)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from borrowings 8,001 8,208 6,594
Repayments of long-term debt (7,016) (6,598) (5,217)
Proceeds from borrowings from affiliates 0 221 0
Repayments of borrowings from affiliates (166) (55) 0
Net proceeds from issuance of Limited Partner units 1,611 791 1,467
Capital contributions received from noncontrolling interest 147 320 645
Distributions to partners (1,802) (1,343) (1,159)
Distributions to noncontrolling interest (382) (233) (44)
Debt issuance costs (32) (20) (20)
Other (36) 0 0
Net cash provided by financing activities 325 1,291 2,266
INCREASE IN CASH AND CASH EQUIVALENTS 238 204 57
CASH AND CASH EQUIVALENTS, beginning of period 311 107 50
CASH AND CASH EQUIVALENTS, end of period 549 311 107
Citrus [Member]
     
CASH FLOWS FROM INVESTING ACTIVITIES:      
Cash paid for Citrus Merger 0 (1,895) 0
Cash proceeds from contribution and sale of propane operations $ 0 $ 1,443 $ 0