v2.4.0.8
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating Activities:    
Net income $ 587,434 $ 392,230
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 122,462 105,788
Debt placement fee amortization expense 1,767 1,620
Loss on sale and retirement of assets 4,830 4,269
Earnings of non-controlled entities (4,066) (5,162)
Distributions from investments in non-controlled entities 2,398 1,907
Equity-based incentive compensation expense 17,731 14,499
Changes in employee benefit plan assets and benefit obligations 1,849 1,473
Changes in operating assets and liabilities:    
Trade accounts receivable and other accounts receivable 10,929 (11,094)
Inventory (15,251) 13,403
Energy commodity derivatives contracts, net of derivatives deposits (17,540) (8,887)
Accounts payable 6,483 956
Accrued payroll and benefits (669) 5,782
Accrued interest payable (574) (4,885)
Accrued taxes other than income 6,596 5,306
Accrued product purchases (8,584) (2,347)
Deferred revenue 7,484 21,511
Current and noncurrent environmental liabilities (1,172) (10,767)
Other current and noncurrent assets and liabilities (8,792) 590
Net cash provided by operating activities 713,315 526,192
Investing Activities:    
Additions to property, plant and equipment (237,240) (289,669)
Proceeds from sale and disposition of assets 264 2,414
Increase (decrease) in accounts payable related to capital expenditures 2,477 (29,768)
Acquisition of business 0 (57,000)
Acquisition of assets 0 (22,500)
Investments in non-controlled entities (378,220) (181,377)
Distributions in excess of earnings of non-controlled entities 3,918 604
Net cash used by investing activities (608,801) (577,296)
Financing Activities:    
Distributions paid (417,238) (349,087)
Net commercial paper borrowings 315,967 0
Net borrowings under revolver 0 98,400
Borrowings under long-term notes 257,713 0
Payments on notes (250,000) 0
Debt placement costs (2,912) 0
Net payment on financial derivatives (3,613) 0
Settlement of tax withholdings on long-term incentive compensation (14,813) (12,259)
Net cash used by financing activities (114,896) (262,946)
Change in cash and cash equivalents (10,382) (314,050)
Cash and cash equivalents at beginning of period 25,235 328,278
Cash and cash equivalents at end of period 14,853 14,228
Supplemental non-cash investing and financing activities:    
Issuance of limited partner units in settlement of equity-based incentive plan awards $ 7,315 $ 6,404