v3.3.1.900
Combined Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows From (Used In) Operating Activities:      
Net earnings [1] $ 275 $ 79 $ 24
Adjustments to reconcile net earnings to net cash from operating activities:      
Depreciation and amortization expenses [1],[2] 179 78 46
Amortization of debt issuance costs [2] 8 6 2
Unit-based compensation expense [2] 6 2 2
Other non-cash operating activities [2] 5 (5) 0
Changes in receivables [2] (21) (8) (48)
Changes in other current assets [2] (9) 10 (2)
Changes in current liabilities [2] (7) 8 50
Changes in other noncurrent assets and liabilities [2] 23 (4) 12
Net cash from operating activities [2] 459 166 86
Cash Flows From (Used In) Investing Activities:      
Capital expenditures [2] (310) (204) (79)
Acquisitions [2] (6) (2,479) (315)
Proceeds from sale of assets [2] 0 10 0
Net cash used in investing activities [2] (316) (2,673) (394)
Cash Flows From (Used In) Financing Activities:      
Proceeds from debt offering [2] 250 1,300 806
Proceeds from issuance of common units, net of issuance costs [2] 95 1,449 701
Proceeds from issuance of general partner units, net of issuance costs [2] 4 29 8
Quarterly distributions to common and subordinated unitholders [2] (240) (148) (93)
Quarterly distributions to general partner [2] (68) (35) (9)
Distributions to Noncontrolling Interests [2] (22) 0 0
Distributions in connection with acquisitions [2] (250) (243) (1,129)
Borrowings under revolving credit agreement [2] 476 646 794
Repayments under revolving credit agreement [2] (431) (386) (794)
Repayments of senior notes [2] 0 (130) 0
Sponsor contributions of equity to the Predecessors [2] 20 27 39
Financing costs [2] (2) (32) (16)
Capital contributions by affiliate [2] 22 26 5
Net cash from (used in) financing activities [2] (146) 2,503 312
Increase (Decrease) in Cash and Cash Equivalents [2] (3) (4) 4
Cash and Cash Equivalents, Beginning of Year [2] 19 [3] 23 19
Cash and Cash Equivalents, End of Year [2] $ 16 $ 19 [3] $ 23
[1] All periods include the historical results of the Predecessors. See Notes 1 and 2 for further discussion.
[2] Adjusted to include the historical results of the Predecessors. See Notes 1 and 2 for further discussion.
[3] Adjusted to include the historical results of the Predecessors. See Notes 1 and 2 for further discussion.