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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income $ 236.8 $ 155.2 [1]
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation expense 77.4 69.0 [1]
(Gain) loss on sale of property, plant and equipment (0.1)  
(Gain) loss on interest rate swaps (0.4) (0.4) [1]
(Income) loss from equity investments (3.6)  
Distributions from equity investments 3.8  
Amortization of deferred financing costs 3.5 2.5 [1]
Equity-based compensation expense 0.8 0.6 [1]
Deferred income tax expense (benefit) 3.4  
Changes in assets and liabilities:    
Accounts receivable – affiliate 3.1  
Other current and noncurrent assets 4.0 2.3 [1]
Accounts payable – trade 5.8 12.1 [1]
Accounts payable – affiliate (3.0) 9.3 [1]
Accrued liabilities (10.0) 2.6 [1]
Other current and noncurrent liabilities (3.9) (2.2) [1]
Net cash provided by (used in) operating activities 317.6 251.0 [1]
Cash flows from investing activities    
Proceeds from sale of property, plant and equipment 0.1  
Additions to property, plant and equipment (147.1) (120.2) [1]
Acquisitions [1]   (89.2)
Payments for equity investments [1]   (23.0)
Net cash provided by (used in) investing activities (147.0) (301.3) [1]
Cash flows from financing activities    
Net proceeds from (repayments of) bank borrowings with maturities of 90 days or less 72.0 160.0 [1]
Repayments of bank borrowings with maturities of greater than 90 days [1]   (5.0)
Financing costs (1.3)  
Distributions to shareholders/unitholders (15.5) (41.2) [1]
Distributions to noncontrolling interest (228.2)  
Hess Water Services Acquisition Final Settlement 1.6  
Capital distribution to Hess associated with acquisitions [1]   (156.1)
Net cash provided by (used in) financing activities (171.4) (42.3) [1]
Increase (decrease) in cash and cash equivalents (0.8) (92.6) [1]
Cash and cash equivalents, beginning of period 3.3 109.3 [1]
Cash and cash equivalents, end of period 2.5 16.7 [1]
Supplemental disclosure of non-cash investing and financing activities:    
(Increase) decrease in accrued capital expenditures and related liabilities $ 11.3 23.6 [1]
Hess    
Cash flows from investing activities    
Acquisitions [1]   $ (68.9)
[1] The financial information presented in this report has been retrospectively adjusted for the acquisition of Hess Infrastructure Partners LP.