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STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities:      
Net income $ 2,855.6 $ 2,553.0 $ 2,558.4
Reconciliation of net income to net cash flows provided by operating activities:      
Depreciation, amortization and accretion 1,644.0 1,552.0 1,516.0
Asset impairment and related charges 49.8 53.5 162.6
Equity in income of unconsolidated affiliates (426.0) (362.0) (373.6)
Distributions received on earnings from unconsolidated affiliates 433.7 380.5 462.1
Net losses (gains) attributable to asset sales (10.7) (2.5) 15.6
Deferred income tax expense (benefit) 6.1 6.6 (20.6)
Change in fair market value of derivative instruments 22.8 45.0 (18.4)
Change in fair market value of Liquidity Option Agreement 64.3 24.5 25.4
Net effect of changes in operating accounts 32.2 (180.9) (323.3)
Other operating activities (5.5) (2.9) (1.8)
Net cash flows provided by operating activities 4,666.3 4,066.8 4,002.4
Investing activities:      
Capital expenditures (3,147.9) (3,025.1) (3,830.7)
Contributions in aid of construction costs 46.1 41.0 19.1
Cash used for business combinations, net of cash received (198.7) (1,000.0) (1,056.5)
Investments in unconsolidated affiliates (50.5) (138.8) (162.6)
Distributions received for return of capital from unconsolidated affiliates 49.3 71.0 0.0
Proceeds from asset sales 40.1 46.5 1,608.6
Other investing activities (24.5) (0.4) (3.8)
Cash used in investing activities (3,286.1) (4,005.8) (3,425.9)
Financing activities:      
Borrowings under debt agreements 69,315.3 62,813.9 21,081.1
Repayments of debt (68,459.6) (61,672.6) (19,867.2)
Debt issuance costs (24.1) (10.6) (24.0)
Monetization of interest rate derivative instruments 30.6 6.1 0.0
Cash distributions paid to limited partners (3,569.9) (3,300.5) (2,943.7)
Cash payments made in connection with distribution equivalent rights (15.1) (11.7) (7.7)
Cash distributions paid to noncontrolling interests (49.2) (47.4) (48.0)
Cash contributions from noncontrolling interests 0.4 20.4 54.0
Net cash proceeds from the issuance of common units 1,073.4 2,542.8 1,188.6
Other financing activities (29.3) (18.7) (49.1)
Cash provided by (used in) financing activities (1,727.5) 321.7 (616.0)
Net change in cash and cash equivalents (347.3) 382.7 (39.5)
Cash, cash equivalents and restricted cash, January 1 417.6 34.9 74.4
Cash, cash equivalents and restricted cash, December 31 $ 70.3 $ 417.6 $ 34.9