v2.4.0.8
Consolidated Statments of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating Activities:      
Net income $ 582,237 $ 435,670 $ 413,566
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense 142,230 128,012 121,179
Debt placement fee amortization 2,424 2,087 1,831
Loss on sale and retirement of assets 7,835 12,625 8,599
Earnings of non-controlled entities (6,275) (2,961) (6,763)
Distributions from investments in non-controlled entities 2,494 2,961 5,598
Equity-based incentive compensation expense 24,083 21,036 17,710
Changes in employee benefit plan assets and benefit obligations 1,964 2,962 1,117
Changes in components of operating assets and liabilities (Note 3) 15,708 42,699 14,486
Net cash provided by operating activities 772,700 645,091 577,323
Property, plant and equipment:      
Additions to property, plant and equipment (383,757) (354,168) (199,665)
Proceeds from sale and disposition of assets 3,610 1,056 6,299
Increase (decrease) in accounts payable related to capital expenditures (37,678) 55,133 2,126
Acquisition of business (192,000) 0 0
Acquisition of assets (22,506) 0 (17,807)
Acquisition of non-controlling owners' interests 0 0 (40,500)
Investment in non-controlled entities (250,495) (74,934) (8,094)
Distributions in excess of earnings of non-controlled entities 780 4,832 0
Other 0 0 (1,100)
Net cash used by investing activities (882,046) (368,081) (258,741)
Financing Activities:      
Distributions paid (475,461) (403,485) (350,892)
Net repayments under revolver 0 0 (15,000)
Borrowings under long-term notes 298,680 248,345 260,914
Debt placement costs (4,849) (2,552) (4,575)
Net receipt from (payment on) interest rate derivatives (184) 10,977 5,926
Increase (decrease) in outstanding checks 376 1,364 (5,408)
Settlement of tax withholdings on long-term incentive compensation (12,259) (13,001) (7,410)
Net cash used by financing activities (193,697) (158,352) (116,445)
Change in cash and cash equivalents (303,043) 118,658 202,137
Cash and cash equivalents at beginning of period 328,278 209,620 7,483
Cash and cash equivalents at end of period 25,235 328,278 209,620
Issuance of MMP limited partner units in settlement of long-term incentive plan awards $ 6,404 $ 7,295 $ 4,315