XML 37 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 385 $ 536
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 96 82
Equity-indexed compensation expense 34 51
Inventory valuation adjustments 37  
Deferred income tax expense 12 7
Other 4 (1)
Changes in assets and liabilities, net of acquisitions 254 304
Net cash provided by operating activities 822 979
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid in connection with acquisitions, net of cash acquired   (31)
Additions to property, equipment and other (468) (363)
Cash received for sales of linefill and base gas 11 9
Cash paid for purchases of linefill and base gas (44) (13)
Investment in unconsolidated entities (26) (48)
Proceeds from sales of assets 2 2
Other investing activities 1  
Net cash used in investing activities (524) (444)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net repayments under PAA senior secured hedged inventory facility (Note 6)   (335)
Net repayments under PAA senior unsecured revolving credit facility (Note 6)   (72)
Net borrowings under PNG credit agreement   27
Net repayments under PAA commercial paper program (Note 6) (128)  
Net proceeds from the issuance of common units (Note 8) 151 131
Distributions paid to common unitholders (Note 8) (221) (189)
Distributions paid to general partner (Note 8) (107) (85)
Distributions paid to noncontrolling interests (1) (12)
Other financing activities (1)  
Net cash used in financing activities (307) (535)
Effect of translation adjustment on cash (2)  
Net decrease in cash and cash equivalents (11)  
Cash and cash equivalents, beginning of period 41 24
Cash and cash equivalents, end of period 30 24
Cash paid for:    
Interest, net of amounts capitalized 78 70
Income taxes, net of amounts refunded $ 66 $ 9