XML 47 R26.htm IDEA: XBRL DOCUMENT v3.6.0.2
Supplemental Cash Flow Information
12 Months Ended
Dec. 31, 2016
Supplemental Cash Flow Information [Abstract]  
Supplemental Cash Flow Information

Note 19.  Supplemental Cash Flow Information

The following table provides information regarding the net effect of changes in our operating accounts and cash payments for interest and income taxes for the periods indicated:

 
 
For the Year Ended December 31,
 
 
 
2016
  
2015
  
2014
 
Decrease (increase) in:
         
Accounts receivable – trade
 
$
(679.0
)
 
$
1,279.3
  
$
1,685.4
 
Accounts receivable – related parties
  
0.4
   
1.3
   
3.8
 
Inventories
  
(871.8
)
  
(72.7
)
  
(105.6
)
Prepaid and other current assets
  
(49.3
)
  
(59.1
)
  
(74.6
)
Other assets
  
(2.0
)
  
(5.8
)
  
18.7
 
Increase (decrease) in:
            
Accounts payable – trade
  
(21.5
)
  
(52.9
)
  
(141.0
)
Accounts payable – related parties
  
21.0
   
(34.8
)
  
(31.6
)
Accrued product payables
  
1,193.3
   
(1,342.4
)
  
(1,647.8
)
Accrued interest
  
(11.4
)
  
16.5
   
31.3
 
Other current liabilities
  
189.9
   
(67.1
)
  
141.3
 
Other liabilities
  
49.5
   
14.4
   
11.9
 
Net effect of changes in operating accounts
 
$
(180.9
)
 
$
(323.3
)
 
$
(108.2
)
 
            
Cash payments for interest, net of $168.2, $149.1 and $77.9
capitalized in 2016, 2015 and 2014, respectively
 
$
947.9
  
$
911.6
  
$
832.1
 
 
            
Cash payments for federal and state income taxes
 
$
18.7
  
$
17.5
  
$
16.1
 

We incurred liabilities for construction in progress that had not been paid at December 31, 2016, 2015 and 2014 of $124.3 million, $472.8 million and $372.8 million, respectively.  Such amounts are not included under the caption “Capital expenditures” on our Statements of Consolidated Cash Flows.

On certain of our capital projects, third parties are obligated to reimburse us for all or a portion of project expenditures.  The majority of such arrangements are associated with projects related to pipeline construction activities and production well tie-ins.  These cash receipts are presented as “Contributions in aid of construction costs” within the investing activities section of our Statements of Consolidated Cash Flows.

We received $95.0 million of nonrefundable insurance proceeds during the year ended December 31, 2014 attributable to property damage claims we filed in connection with a February 2011 NGL release and fire at the West Storage location of our Mont Belvieu, Texas underground storage facility.  Operating income for the year ended December 31, 2014 includes $95.0 million of gains related to these insurance recoveries.  

The following table presents our cash proceeds from asset sales and insurance recoveries for the periods indicated:

 
 
For the Year Ended December 31,
 
 
 
2016
  
2015
  
2014
 
Sale of Offshore Business (see Note 5)
 
$
--
  
$
1,527.7
  
$
--
 
Insurance recoveries attributable to West Storage claims
  
--
   
--
   
95.0
 
Cash proceeds from other asset sales
  
46.5
   
80.9
   
50.3
 
Total
 
$
46.5
  
$
1,608.6
  
$
145.3
 

The following table presents net gains (losses) attributable to asset sales and insurance recoveries for the periods indicated:

 
 
For the Year Ended December 31,
 
 
 
2016
  
2015
  
2014
 
Sale of Offshore Business (see Note 5)
 
$
--
  
$
(12.3
)
 
$
--
 
Gains attributable to West Storage insurance recoveries
  
--
   
--
   
95.0
 
Net gains (losses) attributable to other asset sales
  
2.5
   
(3.3
)
  
7.1
 
Total
 
$
2.5
  
$
(15.6
)
 
$
102.1
 

See Note 12 for information regarding non-cash consideration we issued in connection with the Oiltanking acquisition.

See Note 14 for information regarding asset impairment and related charges as presented on our Statements of Consolidated Cash Flows.