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STATEMENT OF CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) including noncontrolling interest $ 5,728 $ (12,607)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and accretion 7,651 3,705
Deferred income tax expense 426 5,037
Income from equity method interests (270) 0
Adjustment for non-cash transactions with affiliate [1] 0 (751)
Other (201) 0
Changes in operating assets and liabilities:    
(Increase) decrease in inventories (139) (157)
(Increase) decrease in prepaid and other (809) 0
(Increase) decrease in revenue receivables (Note 3) (612) 937
Increase (decrease) in accrued expenses 2,651 3,836
Increase (decrease) in accounts payable to affiliate (4,371) 0
NET CASH PROVIDED BY OPERATING ACTIVITIES 10,054 0
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures [2] (164,518) 0
Contributions to equity method interest (66,224) 0
Acquisition of equity method interest (51,809) 0
NET CASH USED IN INVESTING ACTIVITIES (282,551) 0
DECREASE IN CASH AND CASH EQUIVALENTS (272,497) 0
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 449,935 0
CASH AND CASH EQUIVALENTS AT END OF PERIOD 177,438 0
SUPPLEMENTAL CASH FLOW DATA:    
Accrued capital expenditures [3] 29,792 108,921
Finance lease liability [4] 29,000  
Interest paid, net of capitalized interest $ 232 $ 0
[1] In all periods prior to the Business Combination, the Company had no banking or cash management activities. Transactions with Apache and asset transfers to and from the Company were not settled in cash and are therefore reflected as a component of equity and redeemable noncontrolling interests on the consolidated balance sheet. In addition, Apache contributed its investments in gas gathering, processing and transmission facilities of approximately $128.7 million that is included within equity and redeemable noncontrolling interests for the three months ended March 31, 2018. Refer to Note 3 — Transactions with Affiliates for more information.
[2] Following the Business Combination, capital expenditure amounts represent the portion of the total settlements with Apache in the period that are capital in nature, pursuant to the terms of the Construction, Operations and Maintenance Agreement (COMA). Refer to Note 1 — Summary of Significant Accounting Policies and Note 3 — Transactions with Affiliates for more information.
[3] Includes $33.2 million due from Apache pursuant to the terms of the COMA. Refer to Note 3 — Transactions with Affiliates for more information.
[4] The Company entered into a finance lease in the first quarter of 2019. Refer to Note 1 — Summary of Significant Accounting Policies for more information.