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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net income (loss) $ (141,857) $ 337,208
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 132,353 114,158
Impairment charges 641,754 0
Equity in net earnings from investments (44,627) (43,481)
Distributions received from unconsolidated affiliates 41,577 45,936
Deferred income tax expense (benefit) (55,949) 75,994
Other, net (30,380) (16,144)
Changes in assets and liabilities:    
Accounts receivable 334,370 6,089
NGLs and natural gas in storage 173,885 53,444
Accounts payable (350,701) (62,469)
Accrued interest (68,918) (47,810)
Risk-management assets and liabilities (78,856) 4,362
Other assets and liabilities, net (129,930) (113,681)
Cash provided by operating activities 422,721 353,606
Investing activities    
Capital expenditures (less allowance for equity funds used during construction) (949,679) (889,705)
Distributions received from unconsolidated affiliates in excess of cumulative earnings 6,949 13,527
Other, net (22,062) 11,349
Cash used in investing activities (964,792) (864,829)
Financing activities    
Dividends paid (386,667) (354,203)
Repayment of short-term borrowings, net (220,000) 0
Issuance of long-term debt, net of discounts 1,748,221 1,442,782
Debt financing costs (15,444) (11,663)
Repayment of long-term debt (52,389) (501,913)
Other, net (20,978) (47,941)
Cash provided by financing activities 1,052,743 527,062
Change in cash and cash equivalents 510,672 15,839
Cash and cash equivalents at beginning of period 20,958 11,975
Cash and cash equivalents at end of period $ 531,630 $ 27,814