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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,872 $ 1,099
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 439 385
(Gains)/losses on asset sales and asset impairments, net (7) (79)
Equity-indexed compensation expense 31 59
Inventory valuation adjustments 11  
Deferred income tax expense/(benefit) (30) 1
Settlement of terminated interest rate hedging instruments (55) 14
Change in fair value of Preferred Distribution Rate Reset Option (Note 10) (16) (3)
Equity earnings in unconsolidated entities (274) (281)
Distributions on earnings from unconsolidated entities 307 324
Gain on investment in unconsolidated entities (271) (210)
Other 22 22
Changes in assets and liabilities, net of acquisitions (251) (37)
Net cash provided by operating activities 1,778 1,294
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid in connection with acquisitions, net of cash acquired (47)  
Investments in unconsolidated entities (367) (300)
Additions to property, equipment and other (919) (1,184)
Proceeds from sales of assets 8 1,298
Return of investment from unconsolidated entities   10
Cash paid for purchases of linefill and base gas (33)  
Other investing activities (9) (8)
Net cash used in investing activities (1,367) (184)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net repayments under commercial paper program (Note 8)   (63)
Net repayments under senior secured hedged inventory facility (Note 8)   (479)
Proceeds from GO Zone term loans   200
Proceeds from the issuance of senior notes (Note 8) 998  
Sale of noncontrolling interest in a subsidiary (Note 9) 128  
Other financing activities (52) (20)
Net cash provided by/(used in) financing activities 196 (1,115)
Effect of translation adjustment (5) (3)
Net increase/(decrease) in cash and cash equivalents and restricted cash 602 (8)
Cash and cash equivalents and restricted cash, beginning of period 66 37
Cash and cash equivalents and restricted cash, end of period 668 29
Cash paid for:    
Interest, net of amounts capitalized 263 281
Income taxes, net of amounts refunded 110 20
Series A Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 9) (112) (75)
Series B Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 9) (25) (25)
Common Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 9) $ (741) $ (653)