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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES:      
Net income $ 874 $ 394 $ 475
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion 368 187 193
Amortization of deferred financing fees 24 8 7
(Gain) loss on disposal of assets and impairment charges (45) 7 13
Loss on extinguishment of debt 2 0 0
Gain on West Texas Sale (586) 0 0
Other non-cash, net (7) 0 0
Non-cash unit-based compensation expense 17 17 14
Deferred income tax expense (benefit) (14) 13 28
Inventory valuation adjustments 86 114 (5)
Equity in earnings of unconsolidated affiliates (60) (5) (4)
Changes in operating assets and liabilities, net of acquisitions and divestitures:      
Accounts receivable (212) 34 (312)
Accounts receivable from affiliates 20 (5) (3)
Inventories, net (265) (182) (172)
Other assets 43 47 (94)
Accounts payable 357 (101) 390
Accounts payable to affiliates 29 61 50
Accrued expenses and other current liabilities (66) 43 0
Other non-current liabilities (106) (18) 7
Net cash provided by operating activities 549 600 561
INVESTING ACTIVITIES:      
Capital expenditures (344) (215) (186)
Proceeds from West Texas Sale 987 0 0
Distributions from unconsolidated affiliates in excess of cumulative earnings 8 9 8
Proceeds from disposal of property and equipment 23 31 32
Payments for (Proceeds from) Other Investing Activities 0 (2) 0
Net cash provided by (used in) investing activities 477 (288) (464)
FINANCING ACTIVITIES:      
Senior notes borrowings 1,500 500 0
Senior notes repayments (421) 0 0
Credit Facility borrowings 2,786 3,283 4,127
Credit Facility repayments (3,449) (3,772) (3,808)
Loan origination costs (19) (5) 0
Preferred units redemption (784) 0 0
Payments of Ordinary Dividends, Noncontrolling Interest (8) 0 0
Cash distributions to unitholders, including incentive distributions 566 371 359
Net cash used in financing activities (961) (365) (40)
Cash and Cash Equivalents, Period Increase (Decrease), Total 65 (53) 57
Cash and cash equivalents, beginning of period 29 82 25
Cash and cash equivalents, end of period 94 29 82
Supplemental Cash Flow Elements [Abstract]      
Lease assets obtained in exchange for new lease liabilities 3 0 17
Change in note payable to affiliate 0 2 6
Payable due to seller in acquisition 0 0 10
Interest paid 339 202 176
Income Tax Credits and Adjustments 47    
Cash paid for income taxes, net of refunds (excluding $47 million of federal tax credits purchased from non-governmental third parties in 2024) 135 29 30
Joint Venture Formation, Fair Value of Joint Venture 1,159 0 0
NuStar Acquisition      
INVESTING ACTIVITIES:      
Payments to Acquire Businesses, Net of Cash Acquired (27) 0 0
Supplemental Cash Flow Elements [Abstract]      
Stock Issued During Period, Value, Acquisitions 2,850 0 0
acquisitions of terminals and other assets      
INVESTING ACTIVITIES:      
Payments to Acquire Businesses, Net of Cash Acquired $ (224) $ (111) $ (318)