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Consolidated Statments of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities:      
Net income $ 869,531 $ 802,771 $ 819,122
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense 196,630 178,142 166,812
Loss (gain) on sale and retirement of assets (5,135) 11,190 7,871
Earnings of non-controlled entities (120,994) (78,696) (66,483)
Distributions from investments in non-controlled entities 123,660 78,723 66,285
Equity-based incentive compensation expense 20,641 19,358 24,245
Settlement cost, amortization of prior service credit and actuarial loss 8,650 2,211 3,478
Gain on exchange of interest in non-controlled entity 0 (28,144) 0
Changes in components of operating assets and liabilities (Note 3) 15,695 (21,515) 48,362
Net cash provided by operating activities 1,108,678 964,040 1,069,692
Investing Activities:      
Additions to property, plant and equipment (558,669) (674,159) (621,151)
Proceeds from sale and disposition of assets 44,392 7,552 3,371
Acquisition of business 0 0 (54,678)
Investments in non-controlled entities (134,828) (200,023) (152,466)
Distributions in excess of earnings of non-controlled entities 78,482 [1] 9,264 14,155
Net cash used by investing activities (570,623) (857,366) (810,769)
Financing Activities:      
Distributions paid (803,216) (739,157) (662,948)
Net commercial paper repayments (49,986) (229,975) (16,981)
Borrowings under long-term notes 496,705 1,142,997 499,589
Payments on notes 0 (250,000) 0
Debt placement costs (6,316) (10,906) (6,223)
Net payment on financial derivatives 0 (19,287) (42,908)
Payments associated with settlement of equity-based incentive compensation (13,875) (14,376) (17,784)
Net cash used by financing activities (376,688) (120,704) (247,255)
Change in cash and cash equivalents 161,367 (14,030) 11,668
Cash and cash equivalents at beginning of period 14,701 28,731 17,063
Cash and cash equivalents at end of period 176,068 14,701 28,731
Noncash Investing and Financing Items [Abstract]      
Contribution of property, plant and equipment to a non-controlled entity 97,638 0 13,252
Issuance of limited partner units in settlement of equity-based incentive plan awards 1,669 7,289 8,045
Additions to property, plant and equipment (572,744) (653,528) (623,289)
Changes in accounts payable and other current liabilities related to capital expenditures 14,075 (20,631) 2,138
Additions to property, plant and equipment, net $ (558,669) $ (674,159) $ (621,151)
[1] Includes the $48.8 million distribution to us from MVP as reimbursement for the PP&E we contributed, as well as an additional distribution of $6.2 million from BridgeTex that is not related to the ongoing operations of non-controlled entities.