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UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities:    
Net income $ 1,598.7 $ 1,437.0
Reconciliation of net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion 889.3 808.8
Asset impairment and related charges 16.8 25.2
Equity in income of unconsolidated affiliates (238.0) (201.8)
Distributions received on earnings from unconsolidated affiliates 227.6 205.1
Net gains attributable to asset sales (1.4) 0.0
Deferred income tax expense 10.0 0.7
Change in fair market value of derivative instruments 459.0 (43.9)
Change in fair market value of Liquidity Option Agreement 16.4 24.1
Gain on step acquisition of unconsolidated affiliate (39.4) 0.0
Net effect of changes in operating accounts (228.5) 82.1
Other operating activities (12.7) (2.4)
Net cash flows provided by operating activities 2,697.8 2,334.9
Investing activities:    
Capital expenditures (1,921.1) (1,113.1)
Cash used for business combinations, net of cash received (149.7) (191.4)
Investments in unconsolidated affiliates (45.9) (24.1)
Distributions received for return of capital from unconsolidated affiliates 25.9 24.8
Proceeds from asset sales 2.6 3.2
Other investing activities (1.4) 2.0
Cash used in investing activities (2,089.6) (1,298.6)
Financing activities:    
Borrowings under debt agreements 38,566.4 33,307.8
Repayments of debt (37,437.0) (33,639.3)
Debt issuance costs (24.3) 0.0
Cash distributions paid to limited partners (1,847.3) (1,757.8)
Cash payments made in connection with distribution equivalent rights (8.6) (7.2)
Cash distributions paid to noncontrolling interests (28.3) (23.1)
Cash contributions from noncontrolling interests 206.9 0.3
Net cash proceeds from the issuance of common units 261.0 757.2
Other financing activities (25.8) (27.8)
Cash provided by (used in) financing activities (337.0) (1,389.9)
Net change in cash and cash equivalents, including restricted cash 271.2 (353.6)
Cash and cash equivalents, including restricted cash, at beginning of period 70.3 417.6
Cash and cash equivalents, including restricted cash, at end of period $ 341.5 $ 64.0