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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income/(loss) $ 1,228 $ 648 $ (2,580)
Reconciliation of net income/(loss) to net cash provided by operating activities:      
Depreciation and amortization 965 774 653
(Gains)/losses on asset sales and asset impairments, net (Note 6, Note 7) 269 592 719
Goodwill impairment loss (Note 8) 0 0 2,515
Equity-indexed compensation expense 40 23 15
Inventory valuation adjustments (Note 5) 0 0 233
Deferred income tax expense/(benefit) 105 23 (70)
(Gains)/losses on sales of linefill (35)   1
(Gain)/loss on foreign currency revaluation 41 (7) (16)
Settlement of terminated interest rate hedging instruments 42   (100)
Change in fair value of Preferred Distribution Rate Reset Option (Note 13) 189 (14) (20)
Equity earnings in unconsolidated entities (403) (274) (355)
Distributions on earnings from unconsolidated entities 488 431 472
(Gains) losses on/impairment of investments in unconsolidated entities, net (Note 7, Note 9) (346) (2) 182
Other 16 29 23
Changes in assets and liabilities, net of acquisitions:      
Trade accounts receivable and other 649 (2,179) 1,432
Inventory (10) (18) (304)
Trade accounts payable and other (830) 1,970 (1,286)
Net cash provided by operating activities 2,408 1,996 1,514
CASH FLOWS FROM INVESTING ACTIVITIES      
Cash paid in connection with acquisitions, net of cash acquired (Note 7) (149) (32) (310)
Investments in unconsolidated entities (Note 9) (14) (94) (461)
Additions to property, equipment and other (455) (336) (738)
Proceeds from sales of assets (Note 7) 60 881 429
Cash received from sales of linefill 72 3 3
Cash paid for purchases of linefill (84) (37) (14)
Other investing activities 44 1 (2)
Net cash provided by/(used in) investing activities (526) 386 (1,093)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net borrowings/(repayments) under commercial paper program (Note 11)   (545) 456
Net borrowings/(repayments) under senior secured hedged inventory facility (Note 11)   (167) (160)
Repayment of GO Zone term loans (Note 11)   (200)  
Proceeds from the issuance of senior notes (Note 11)     748
Repayments of senior notes (Note 11) (750)   (617)
Repurchase of common units (Note 12) (74) (178) (50)
Distributions paid to noncontrolling interests (Note 12) (298) (14) (10)
Contributions from noncontrolling interests (Note 12) 26 1 12
Other financing activities (53) (166) 39
Net cash used in financing activities (1,931) (1,984) (435)
Effect of translation adjustment (3) (5) (8)
Net increase/(decrease) in cash and cash equivalents and restricted cash (52) 393 (22)
Cash and cash equivalents and restricted cash, beginning of period 453 60 82
Cash and cash equivalents and restricted cash, end of period 401 453 60
Cash paid for:      
Interest, net of amounts capitalized 393 401 428
Income taxes, net of amounts refunded 112 76 111
Series A Preferred Units      
CASH FLOWS FROM FINANCING ACTIVITIES      
Distributions paid to unitholders (Note 12) (149) (149) (149)
Series B Preferred Units      
CASH FLOWS FROM FINANCING ACTIVITIES      
Distributions paid to unitholders (Note 12) (49) (49) (49)
Common Units      
CASH FLOWS FROM FINANCING ACTIVITIES      
Distributions paid to unitholders (Note 12) $ (584) $ (517) $ (655)