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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2017
OPERATING ACTIVITIES:      
Net income (loss) $ 339,395 $ (69,605) $ 143,874
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Income from discontinued operations, net of tax (403,119) (156,780) (49,072)
Depreciation and amortization, including amortization of debt issuance costs 227,694 225,738 194,829
Loss (gain) on early extinguishment or revaluation of liabilities, net 6,967 43,917 (18,010)
Gain on termination of a storage sublease agreement 0 0 (16,205)
Non-cash equity-based compensation expense 41,367 35,241 53,102
Loss (gain) on disposal or impairment of assets, net 34,296 (17,104) (208,890)
Provision for doubtful accounts 369 590 (1,000)
Net adjustments to fair value of commodity derivatives (33,631) 116,604 55,978
Equity in earnings of unconsolidated entities (2,533) (7,539) (3,830)
Distributions of earnings from unconsolidated entities 2,206 4,632 3,564
Lower of cost or market value adjustment 50,987 399 (1,283)
Revaluation of investments 0 0 14,365
Other (485) (41) (7,809)
Changes in operating assets and liabilities, exclusive of acquisitions:      
Accounts receivable-trade and affiliates (144,209) (272,990) (254,124)
Inventories 52,870 (8,048) (189,311)
Other current and noncurrent assets 44,261 (22,472) (54,184)
Accounts payable-trade and affiliates 101,699 195,339 236,633
Other current and noncurrent liabilities (10,620) (14,252) 3,573
Net cash provided by (used in) operating activities-continuing operations 307,514 53,629 (97,800)
Net cash provided by operating activities-discontinued operations 29,736 84,338 72,762
Net cash provided by (used in) operating activities 337,250 137,967 (25,038)
INVESTING ACTIVITIES:      
Capital expenditures (455,613) (133,761) (344,936)
Acquisitions, net of cash acquired (316,936) (19,897) (41,928)
Net settlements of commodity derivatives 18,405 (100,405) (37,086)
Proceeds from sales of assets 16,177 33,844 28,232
Proceeds from divestitures of businesses and investments, net 335,809 329,780 134,370
Transaction with Victory Propane (Note 13) 0 (6,424) 0
Investments in unconsolidated entities (389) (21,465) (2,105)
Distributions of capital from unconsolidated entities 1,440 11,969 9,692
Repayments on loan for natural gas liquids facility 10,336 10,052 8,916
Loan to affiliate (1,515) (2,510) (3,200)
Repayments on loan to affiliate 0 4,160 655
Payment to terminate development agreement 0 0 (16,875)
Net cash (used in) provided by investing activities-continuing operations (392,286) 105,343 (264,265)
Net cash provided by (used in) investing activities-discontinued operations 845,759 165,239 (98,861)
Net cash (used in) provided by investing activities 453,473 270,582 (363,126)
FINANCING ACTIVITIES:      
Proceeds from borrowings under revolving credit facilities 4,098,500 2,434,500 1,700,000
Payments on revolving credit facilities (3,897,000) (2,279,500) (2,733,500)
Issuance of senior unsecured notes 0 0 1,200,000
Repayment and repurchase of senior secured and senior unsecured notes (737,058) (486,699) (21,193)
Payments on other long-term debt (653) (877) (46,153)
Debt issuance costs (1,383) (2,700) (33,558)
Contributions from general partner 0 0 49
Contributions from noncontrolling interest owners, net 169 23 672
Distributions to general and common unit partners and preferred unitholders (236,633) (225,067) (181,581)
Distributions to noncontrolling interest owners 0 (3,082) (3,292)
Proceeds from sale of preferred units, net of offering costs 0 202,731 234,975
Repurchase of warrants (14,988) (10,549) 0
Common unit repurchases and cancellations (297) (15,817) 0
Proceeds from sale of common units, net of offering costs 0 0 287,136
Payments for settlement and early extinguishment of liabilities (4,577) (3,408) (28,468)
Net cash (used in) provided by financing activities-continuing operations (793,920) (390,445) 375,087
Net cash used in financing activities-discontinued operations (325) (3,836) (3,633)
Net cash (used in) provided by financing activities (794,245) (394,281) 371,454
Net (decrease) increase in cash and cash equivalents (3,522) 14,268 (16,710)
Cash and cash equivalents, beginning of period 22,094 7,826 24,536
Cash and cash equivalents, end of period 18,572 22,094 7,826
Supplemental cash flow information:      
Cash interest paid 170,632 192,938 117,912
Income taxes paid (net of income tax refunds) 2,423 1,843 2,022
Supplemental non-cash investing and financing activities:      
Distributions declared but not paid to Class B preferred unitholders 4,725 4,725 0
Accrued capital expenditures 19,121 12,123 1,758
Value of common units issued in business combinations     3,940
Limited Partner      
FINANCING ACTIVITIES:      
Repurchase of warrants (14,988) (10,549)  
Supplemental non-cash investing and financing activities:      
Value of common units issued in business combinations $ 0 $ 0 $ 3,940