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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 209 $ 392
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 231 178
(Gains)/losses on asset sales and asset impairments, net (42) 2
Deferred income tax expense 16 52
Change in fair value of Preferred Distribution Rate Reset Option (Note 8) 44 67
Equity earnings in unconsolidated entities (97) (88)
Distributions on earnings from unconsolidated entities 96 110
Other 4 6
Changes in assets and liabilities, net of acquisitions (122) 70
Net cash provided by operating activities 339 789
CASH FLOWS FROM INVESTING ACTIVITIES    
Investments in unconsolidated entities (3) (35)
Additions to property, equipment and other (101) (97)
Proceeds from sales of assets 53 21
Cash paid for purchases of linefill (39) 0
Other investing activities 9 3
Net cash used in investing activities (81) (108)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net borrowings/(repayments) under PAA commercial paper program (Note 6) 382 (410)
Net repayments under PAA senior secured hedged inventory facility (Note 6) 0 (166)
Repayments of PAA senior notes (750) 0
Repurchase of common units by a subsidiary (Note 7) (25) (3)
Distributions paid to Class A shareholders (Note 7) (35) (35)
Distributions paid to noncontrolling interests (Note 7) (188) (138)
Other financing activities 20 66
Net cash used in financing activities (596) (686)
Effect of translation adjustment 3 0
Net decrease in cash and cash equivalents and restricted cash (335) (5)
Cash and cash equivalents and restricted cash, beginning of period 456 63
Cash and cash equivalents and restricted cash, end of period 121 58
Cash paid for:    
Interest, net of amounts capitalized 74 65
Income taxes, net of amounts refunded $ 23 $ 24