v2.4.0.8
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating Activities:    
Net income $ 242,554 $ 112,967
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 37,511 36,332
Debt placement fee amortization expense 599 540
Loss on sale, retirement and impairment of assets 1,205 1,791
Earnings of non-controlled entities (466) (2,051)
Distributions from investments in non-controlled entities 384 676
Equity-based incentive compensation expense 5,088 4,856
Changes in employee benefit plan assets and benefit obligations (71) 479
Changes in operating assets and liabilities:    
Trade accounts receivable and other accounts receivable 15,022 (16,833)
Inventory (23,011) 16,736
Energy commodity derivatives contracts, net of derivatives deposits (529) 1,311
Accounts payable 2,960 11,310
Accrued payroll and benefits (14,552) (10,713)
Accrued interest payable 5,194 (4,653)
Accrued taxes other than income (7,479) (5,798)
Accrued product purchases (19,978) 6,273
Deferred revenue 1,448 10,647
Current and noncurrent environmental liabilities (1,393) (1,469)
Other current and noncurrent assets and liabilities 25,588 4,540
Net cash provided by operating activities 270,074 166,941
Investing Activities:    
Additions to property, plant and equipment (70,295) (89,947)
Proceeds from sale and disposition of assets 42 25
Increase in accounts payable related to capital expenditures (5,219) (11,863)
Investments in non-controlled entities (127,698) (47,020)
Distributions in excess of earnings of non-controlled entities 687 188
Net cash used by investing activities (202,483) (148,617)
Financing Activities:    
Distributions paid (132,835) (113,340)
Borrowings under long-term notes 257,713 0
Debt placement costs (2,648) 0
Net payment on financial derivatives (3,613) 0
Settlement of tax withholdings on long-term incentive compensation (14,813) (12,259)
Net cash provided (used) by financing activities 103,804 (125,599)
Change in cash and cash equivalents 171,395 (107,275)
Cash and cash equivalents at beginning of period 25,235 328,278
Cash and cash equivalents at end of period 196,630 221,003
Supplemental non-cash investing and financing activities:    
Issuance of limited partner units in settlement of equity-based incentive plan awards $ 7,315 $ 6,404