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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 575 $ 259
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 251 320
Equity-indexed compensation expense 23 26
Inventory valuation adjustments 35 3
Deferred income tax expense 119 10
Gain on foreign currency revaluation (11) (2)
Settlement of terminated interest rate hedging instruments (29) (50)
Change in fair value of Preferred Distribution Rate Reset Option (Note 10) 2 (25)
Equity earnings in unconsolidated entities (121) (87)
Distributions on earnings from unconsolidated entities 136 101
Other 14 6
Changes in assets and liabilities, net of acquisitions 465 (182)
Net cash provided by operating activities 1,459 379
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid in connection with acquisitions, net of cash acquired (1,281) (85)
Investments in unconsolidated entities (250) (120)
Additions to property, equipment and other (549) (699)
Proceeds from sales of assets 389 391
Return of investment from unconsolidated entities 21  
Other investing activities 16 (9)
Net cash used in investing activities (1,654) (522)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net borrowings/(repayments) under PAA commercial paper program (Note 8) 25 (844)
Net borrowings/(repayments) under PAA senior secured hedged inventory facility (Note 8) (450) 252
Net borrowings under AAP senior secured revolving credit facility   34
Repayments of PAA senior notes (Note 8) (400)  
Net proceeds from the sale of Class A shares (Note 9) 1,535  
Net proceeds from the sale of Series A preferred units by a subsidiary 0 1,569
Net proceeds from the sale of common units by a subsidiary (Note 9) 129  
Distributions paid to Class A shareholders (Note 9) (141) (117)
Distributions paid to noncontrolling interests (Note 9) (630) (743)
Other financing activities 126 (5)
Net cash provided by financing activities 194 146
Effect of translation adjustment on cash 1 4
Net increase in cash and cash equivalents   7
Cash and cash equivalents, beginning of period 50 30
Cash and cash equivalents, end of period 50 37
Cash paid for:    
Interest, net of amounts capitalized 252 231
Income taxes, net of amounts refunded $ 34 $ 51