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STATEMENT OF CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) including noncontrolling interests $ (9,130) $ 230
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Unrealized derivative instrument loss 72,569 0
Depreciation and accretion 7,976 16,758
Deferred income tax benefit 0 (5)
Income (loss) from equity method interests, net (33,221) 1,028
Distributions from equity method interests 37,536 0
Other 489 (564)
Changes in operating assets and liabilities:    
(Increase) decrease in inventories 256 (484)
Increase in prepaid assets and other (642) (311)
Decrease in revenue receivables (Note 2) 1,889 1,930
(Increase) decrease in account receivables from/payable to affiliate 1,301 (3,347)
Increase in accrued expenses 6,392 6,453
Increase deferred credits and noncurrent liabilities 1,382 0
NET CASH PROVIDED BY OPERATING ACTIVITIES 86,797 21,688
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures [1] (26,520) (259,295)
Proceeds from sale of assets 6,773 0
Contributions to equity method interests (154,386) (210,238)
Distributions from equity method interests 4,211 0
Acquisition of equity method interests 0 (228,165)
Capitalized interest paid (5,373) 0
NET CASH USED IN INVESTING ACTIVITIES (175,295) (697,698)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Redeemable noncontrolling interest — Preferred Unit limited partners, net 0 611,249
Proceeds from revolving credit facility 97,000 0
Finance lease (11,789) (7,462)
Deferred facility fees (816) (792)
NET CASH PROVIDED BY FINANCING ACTIVITIES 84,395 602,995
DECREASE IN CASH AND CASH EQUIVALENTS (4,103) (73,015)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 5,983 449,935
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,880 376,920
SUPPLEMENTAL CASH FLOW DATA:    
Accrued capital expenditures [2] 1,409 30,330
Finance lease liability [3] 0 29,000
Interest paid, net of capitalized interest 0 1,493
Cash received for income tax refunds $ 696 $ 0
[1]
Following the Business Combination (as defined herein), 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 2—Transactions with Affiliates for more information.
[2]
Includes $0.7 million due to Apache and $3.6 million due from Apache for the six months ended June 30, 2020 and 2019, respectively, pursuant to the terms of the COMA. Refer to Note 2—Transactions with Affiliates for more information.
[3] The Company entered into a finance lease in the first quarter of 2019 for power generators, which ended during the first quarter of 2020. The Company then exercised its option to purchase the generators