XML 17 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities:    
Net income $ 2,933.3 $ 2,058.3
Reconciliation of net income to net cash flows provided by operating activities:    
Depreciation, amortization and accretion 1,360.5 1,221.4
Asset impairment and related charges 21.4 35.2
Equity in income of unconsolidated affiliates (350.0) (315.2)
Distributions received on earnings from unconsolidated affiliates 345.7 316.2
Net gains attributable to asset sales (8.1) (1.1)
Deferred income tax expense 9.3 1.1
Change in fair market value of derivative instruments 254.9 (14.2)
Change in fair market value of Liquidity Option Agreement 34.9 33.0
Gain on step acquisition of unconsolidated affiliate (39.4) 0.0
Net effect of changes in operating accounts (261.9) (512.1)
Other operating activities (25.3) (2.7)
Net cash flows provided by operating activities 4,275.3 2,819.9
Investing activities:    
Capital expenditures (3,004.2) (2,118.2)
Cash used for business combinations, net of cash received (150.6) (198.7)
Investments in unconsolidated affiliates (95.1) (32.8)
Distributions received for return of capital from unconsolidated affiliates 47.0 36.8
Proceeds from asset sales 24.1 6.2
Other investing activities (4.0) 2.8
Cash used in investing activities (3,182.8) (2,303.9)
Financing activities:    
Borrowings under debt agreements 67,086.3 53,150.4
Repayments of debt (65,742.1) (52,133.2)
Debt issuance costs (25.2) (24.0)
Cash distributions paid to limited partners (2,782.9) (2,660.4)
Cash payments made in connection with distribution equivalent rights (13.2) (11.2)
Cash distributions paid to noncontrolling interests (50.9) (35.4)
Cash contributions from noncontrolling interests 222.0 0.4
Net cash proceeds from the issuance of common units 449.4 877.2
Other financing activities (27.1) 2.3
Cash provided by (used in) financing activities (883.7) (833.9)
Net change in cash and cash equivalents, including restricted cash 208.8 (317.9)
Cash and cash equivalents, including restricted cash, at beginning of period 70.3 417.6
Cash and cash equivalents, including restricted cash, at end of period $ 279.1 $ 99.7