XML 76 R23.htm IDEA: XBRL DOCUMENT v3.3.0.814
Supplemental Cash Flow Information
9 Months Ended
Sep. 30, 2015
Supplemental Cash Flow Information [Abstract]  
Supplemental Cash Flow Information
Note 16.  Supplemental Cash Flow Information

The following table presents the net effect of changes in our operating accounts for the periods indicated:

 
 
For the Nine Months
Ended September 30,
 
 
 
2015
  
2014
 
Decrease (increase) in:
 
  
 
Accounts receivable – trade
 
$
1,042.5
  
$
153.6
 
Accounts receivable – related parties
  
1.2
   
4.0
 
Inventories
  
(143.2
)
  
(536.9
)
Prepaid and other current assets
  
(32.7
)
  
(44.5
)
Other assets
  
2.1
   
20.0
 
Increase (decrease) in:
        
Accounts payable – trade
  
(72.7
)
  
(14.2
)
Accounts payable – related parties
  
(38.6
)
  
(27.7
)
Accrued product payables
  
(1,248.4
)
  
(13.1
)
Accrued interest
  
(136.7
)
  
(131.7
)
Other current liabilities
  
(13.8
)
  
143.5
 
Other liabilities
  
12.4
   
11.2
 
Net effect of changes in operating accounts
 
$
(627.9
)
 
$
(435.8
)

We incurred liabilities for construction in progress that had not been paid at September 30, 2015 and December 31, 2014 of $495.1 million and $372.8 million, respectively.  Such amounts are not included under the caption “Capital expenditures” on the Unaudited Condensed Statements of Consolidated Cash Flows.

On certain of our capital projects, third parties are obligated to reimburse us for all or a portion of project expenditures.  The majority of such arrangements are associated with projects related to pipeline construction activities and production well tie-ins.  These cash receipts are presented as “Contributions in aid of construction costs” within the investing activities section of our Unaudited Condensed Statements of Consolidated Cash Flows.

In addition, we incurred a $1.0 billion payable in connection with our acquisition of EFS Midstream in July 2015 that will be paid no later than the first anniversary of the closing date of the acquisition (see Note 8).

In February 2011, we experienced an NGL release and fire at the West Storage location of our Mont Belvieu, Texas underground storage facility.  As a final installment on the property damage claim we filed in connection with this incident, we received $95.0 million of nonrefundable cash insurance proceeds during the first quarter of 2014.  Operating income for the nine months ended September 30, 2014 includes $95.0 million of gains related to these proceeds.  This gain was classified as a reduction in operating costs and expenses for the period.  

The following table presents our cash proceeds from asset sales and insurance recoveries for the periods indicated:

 
 
For the Nine Months
Ended September 30,
 
 
 
2015
  
2014
 
Sale of Offshore Business (see Note 6)
 
$
1,528.6
  
$
--
 
Insurance recoveries attributable to West Storage claims
  
--
   
95.0
 
Other cash proceeds
  
8.7
   
26.5
 
Total
 
$
1,537.3
  
$
121.5
 

The following table presents net gains (losses) attributable to asset sales and insurance recoveries for the periods indicated:

 
 
For the Nine Months
Ended September 30,
 
 
 
2015
  
2014
 
Sale of Offshore Business (see Note 6)
 
$
(12.6
)
 
$
--
 
Gains attributable to West Storage insurance recoveries
  
--
   
95.0
 
Net gains (losses) attributable to other asset sales
  
(2.1
)
  
4.0
 
Total
 
$
(14.7
)
 
$
99.0