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UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities:    
Net income $ 1,883.3 $ 1,864.9
Reconciliation of net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion 1,155.3 1,147.7
Asset impairment charges 22.0 139.1
Loss due to Pascagoula fire 7.1 0.0
Equity in income of unconsolidated affiliates (269.8) (302.5)
Distributions received on earnings from unconsolidated affiliates 281.6 362.4
Net losses (gains) attributable to asset sales (2.3) 14.7
Gains on early extinguishment of debt 0.0 (1.4)
Deferred income tax expense (benefit) 5.3 (13.3)
Change in fair market value of derivative instruments 42.1 (7.7)
Change in fair market value of Liquidity Option Agreement 28.0 15.8
Net effect of changes in operating accounts (489.7) (627.9)
Other operating activities (3.9) (0.6)
Net cash flows provided by operating activities 2,659.0 2,591.2
Investing activities:    
Capital expenditures (2,443.9) (2,630.5)
Contributions in aid of construction costs 34.1 11.4
Increase in restricted cash (261.4) (46.2)
Cash used for business combinations, net of cash received (1,000.0) (1,045.1)
Investments in unconsolidated affiliates (119.9) (130.7)
Distributions received for return of capital from unconsolidated affiliates 51.9 0.0
Proceeds from asset sales 43.9 1,537.3
Other investing activities (0.4) (4.4)
Cash used in investing activities (3,695.7) (2,308.2)
Financing activities:    
Borrowings under debt agreements 50,183.8 17,113.7
Repayments of debt (48,776.5) (16,139.2)
Debt issuance costs (10.5) (23.9)
Cash distributions paid to limited partners (2,448.3) (2,185.1)
Cash payments made in connection with distribution equivalent rights (8.5) (5.6)
Cash distributions paid to noncontrolling interests (35.7) (33.2)
Cash contributions from noncontrolling interests 20.1 37.4
Net cash proceeds from the issuance of common units 2,170.4 1,011.4
Other financing activities (20.0) (52.4)
Cash provided by (used in) financing activities 1,074.8 (276.9)
Net change in cash and cash equivalents 38.1 6.1
Cash and cash equivalents, beginning balance 19.0 74.4
Cash and cash equivalents, ending balance $ 57.1 $ 80.5