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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net income (loss) $ (7,536) $ 649,171
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 272,769 229,122
Impairment charges 641,754 0
Equity in net earnings from investments (69,955) (77,599)
Distributions received from unconsolidated affiliates 71,656 81,741
Deferred income tax expense (benefit) (13,541) 173,286
Other, net (25,944) (17,411)
Changes in assets and liabilities:    
Accounts receivable 220,558 149,669
NGLs and natural gas in storage 103,043 111,717
Accounts payable (240,841) (268,057)
Accrued interest 26,626 5,483
Risk-management assets and liabilities (139,724) 6,403
Other assets and liabilities, net 102,447 (75,574)
Cash provided by operating activities 736,418 967,951
Investing activities    
Capital expenditures (less allowance for equity funds used during construction) (1,543,961) (1,720,164)
Distributions received from unconsolidated affiliates in excess of cumulative earnings 18,081 77,249
Other, net (29,006) 10,854
Cash used in investing activities (1,554,886) (1,632,061)
Financing activities    
Dividends paid (773,961) (711,534)
Repayment of short-term borrowings, net (220,000) 0
Issuance of long-term debt, net of discounts 3,244,777 2,192,782
Debt financing costs (28,324) (11,914)
Repayment of long-term debt (1,406,119) (503,825)
Issuance of common stock 954,423 14,158
Other (27,554) (54,135)
Cash provided by financing activities 1,743,242 925,532
Change in cash and cash equivalents 924,774 261,422
Cash and cash equivalents at beginning of period 20,958 11,975
Cash and cash equivalents at end of period $ 945,732 $ 273,397