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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Other Operating Activities, Cash Flow Statement $ (1,200) $ (3,250)
Operating activities    
Net income 958,326 862,144
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 350,552 317,908
Equity in net earnings from investments (115,175) (116,070)
Distributions received from unconsolidated affiliates 121,176 125,824
Deferred income taxes 269,488 264,509
Share-based compensation expense 28,038 23,963
Allowance for equity funds used during construction (45,175) (3,328)
Changes in assets and liabilities:    
Accounts receivable 100,250 117,876
Natural gas and NGLs in storage 13,122 (91,170)
Accounts payable (162,806) (41,837)
Commodity imbalances, net 2,711 15,379
Accrued interest (39,314) (23,562)
Risk-management assets and liabilities (93,244) 66,966
Other assets and liabilities, net (59,904) 1,098
Cash provided by operating activities 1,326,845 1,516,450
Investing activities    
Capital expenditures (less allowance for equity funds used during construction) (2,739,338) (1,309,655)
Contributions to unconsolidated affiliates (3,290) (831)
Distributions received from unconsolidated affiliates in excess of cumulative earnings 82,171 19,613
Payments for (Proceeds from) Other Investing Activities 12,583 1,053
Cash used in investing activities (2,647,874) (1,289,820)
Financing activities    
Dividends paid (1,079,379) (983,068)
Distributions to noncontrolling interests 0 (3,500)
Borrowing (repayment) of short-term borrowings, net 0 (494,673)
Issuance of long-term debt, net of discounts 4,185,435 1,245,773
Debt financing costs (29,777) (11,301)
Repayment of long-term debt (1,055,436) (930,738)
Issuance of common stock 19,333 1,195,128
Acquisition of noncontrolling interests 0 (195,000)
Other (57,813) (1,980)
Cash provided by (used in) financing activities 1,982,363 (179,359)
Change in cash and cash equivalents 661,334 47,271
Cash and cash equivalents at beginning of period 11,975 37,193
Cash and cash equivalents at end of period $ 673,309 $ 84,464