XML 32 R7.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
NET INCOME $ 6,565 $ 5,294 $ 5,868
Reconciliation of net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 5,165 4,385 4,164
Deferred Income Tax Expense (Benefit) 276 203 187
Inventory valuation adjustments 86 114 (5)
Non-cash compensation expense 151 130 115
Impairment losses and other 52 12 386
(Gains) losses on extinguishments of debt 12 (2) 0
Distributions on unvested awards 59 68 73
Proceeds from Equity Method Investment, Distribution 356 353 232
Income (Loss) from Equity Method Investments [1] (379) (383) (257)
Gain (Loss) on Disposition of Assets (586) 0 0
Other Noncash Income (Expense) (63) 32 64
Net change in operating assets and liabilities, net of effects of acquisitions and divestitures (196) (451) (1,502)
Net cash provided by operating activities 11,506 9,555 9,051
Cash Acquired from Acquisition 27 0 0
INVESTING ACTIVITIES:      
Cash paid for acquisitions, net of cash received (250) (111) (1,141)
Capital expenditures, excluding allowance for equity funds used during construction (4,164) (3,134) (3,381)
Contributions in aid of construction costs 73 40 56
Contributions to unconsolidated affiliates (206) (6) 0
Distributions from unconsolidated affiliates in excess of cumulative earnings 75 63 62
Proceeds from Sale of Equity Method Investments 0 0 302
Other, net 12 3 2
Net cash used in investing activities (5,904) (4,325) (4,022)
FINANCING ACTIVITIES:      
Proceeds from borrowings 34,150 32,130 28,838
Repayments of debt (29,409) (31,416) (29,681)
Repayments of Senior Debt (749) 0 0
Payments for Repurchase of Preferred Stock and Preference Stock   0 0
Distributions to partners (4,623) (4,248) (3,047)
Distributions to noncontrolling interests (1,780) (1,691) (1,547)
Distributions to redeemable noncontrolling interests 67 59 49
Debt issuance costs (147) (45) (27)
Capital contributions from noncontrolling interests 2 0 0
Net cash used in financing activities (5,451) (5,326) (5,108)
Increase (decrease) in cash and cash equivalents 151 (96) (79)
Cash and cash equivalents, beginning of period 161 257 336
Cash and cash equivalents, end of period 312 161 257
Proceeds from Contributions from Affiliates 638 3 405
Nustar      
FINANCING ACTIVITIES:      
Payments for Repurchase of Preferred Stock and Preference Stock (784) 0 0
Other Assets      
INVESTING ACTIVITIES:      
Proceeds from sales of other assets 24 38 78
Sunoco LP West Texas Assets      
INVESTING ACTIVITIES:      
Proceeds from sales of other assets 987 0 0
Crestwood Niobrara LLC      
FINANCING ACTIVITIES:      
Payments for Repurchase of Preferred Stock and Preference Stock (37) 0 0
Series A, Series C, Series D and Series E preferred units      
FINANCING ACTIVITIES:      
Payments for Repurchase of Preferred Stock and Preference Stock (2,645)    
Crestwood Acquisition      
INVESTING ACTIVITIES:      
Cash paid for acquisitions, net of cash received 0 (288) 0
Lotus Midstream Acquisition      
INVESTING ACTIVITIES:      
Cash paid for acquisitions, net of cash received 0 (930) 0
WTG Midstream      
INVESTING ACTIVITIES:      
Cash paid for acquisitions, net of cash received (2,174) 0 0
Sunoco LP acquisitions of terminals      
INVESTING ACTIVITIES:      
Cash paid for acquisitions, net of cash received (224) 0 0
Edwards Lime Gathering, LLC      
INVESTING ACTIVITIES:      
Cash paid for acquisitions, net of cash received $ (84) $ 0 $ 0
[1] Amounts reflected above exclude Sunoco LP’s earnings from the ET-S Permian and J.C. Nolan joint ventures, which are eliminated in consolidation.