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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net income $ 1,237,300 $ 1,120,333
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 468,717 468,583
Equity in net earnings from investments (111,150) (87,613)
Distributions received from unconsolidated affiliates 109,655 88,389
Deferred income taxes 344,812 344,808
Other, net 45,914 57,479
Changes in assets and liabilities:    
Accounts receivable (260,213) (687,031)
NGLs and natural gas in storage, net of commodity imbalances (165,033) (280,839)
Accounts payable 296,510 756,072
Risk-management assets and liabilities 47,009 (254,163)
Other assets and liabilities, net (148,015) (34,856)
Cash provided by operating activities 1,865,506 1,491,162
Investing activities    
Capital expenditures (less allowance for equity funds used during construction) (886,041) (490,329)
Distributions received from unconsolidated affiliates in excess of cumulative earnings 18,014 19,188
Other, net 4,171 (4,286)
Cash used in investing activities (863,856) (475,427)
Financing activities    
Dividends paid (1,253,402) (1,250,204)
Short-term borrowings, net 901,277 0
Issuance of long-term debt 120,000 0
Repayment of long-term debt (895,814) (68,787)
Other, net 2,113 3,097
Cash used in financing activities (1,125,826) (1,315,894)
Change in cash and cash equivalents (124,176) (300,159)
Cash and cash equivalents at beginning of period 146,391 524,496
Cash and cash equivalents at end of period $ 22,215 $ 224,337