v3.3.1.900
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows from Operating Activities:      
Net income (loss) $ 306,720 $ 210,378 $ (284,671)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization expense 210,210 191,708 184,363
Amortization of debt related items 8,840 8,969 4,329
Gain on sale or disposition of assets (1,617) (3,853) (7,829)
Gain associated with the Linden Acquisition (56,277) 0 0
Asset and goodwill impairment loss 0 4,201 406,982
Deferred income tax expense (benefit) 2,058 3,467 (6,739)
Equity in (earnings) loss of joint ventures 0 (4,796) 39,970
Distributions of equity in earnings of joint ventures 2,500 7,587 7,956
Changes in current assets and current liabilities (Note 23) 50,559 82,418 112,776
Other, net 1,944 18,444 28,082
Net cash provided by operating activities 524,937 518,523 485,219
Cash Flows from Investing Activities:      
Capital expenditures (324,808) (356,965) (343,320)
Change in accounts payable related to capital expenditures (3,156) 4,903 (5,384)
Acquisitions (142,500) 0 0
Increase in other long-term assets (3,564) 0 0
Proceeds from sale or disposition of assets 17,132 26,012 119,006
Proceeds from insurance recoveries 4,867 0 0
Increase in note receivable from Axeon 0 (13,328) (80,961)
Other, net 0 (853) (302)
Net cash used in investing activities (452,029) (340,231) (310,961)
Cash Flows from Financing Activities:      
Proceeds from long-term debt borrowings 860,131 743,719 1,738,451
Proceeds from short-term debt borrowings 823,500 574,900 0
Proceeds from note offering, net of issuance costs 0 0 686,863
Long-term debt repayments (500,410) (623,770) (2,150,743)
Short-term debt repayments (816,500) (497,900) 0
Distributions to unitholders and general partner (392,204) (392,204) (392,204)
Payments for termination of interest rate swaps 0 0 (33,697)
(Decrease) increase in cash book overdrafts (2,954) 12,851 2,851
Other, net (792) (5,781) (871)
Net cash used in financing activities (29,229) (188,185) (149,350)
Effect of foreign exchange rate changes on cash (12,729) (2,938) (7,767)
Net increase (decrease) in cash and cash equivalents 30,950 (12,831) 17,141
Cash and cash equivalents as of the beginning of the period 87,912 100,743 83,602
Cash and cash equivalents as of the end of the period $ 118,862 $ 87,912 $ 100,743