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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows from Operating Activities:    
Net income (loss) $ 203,668 $ 122,782
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 223,579 193,643
Unit-based compensation expense 8,689 7,437
Amortization of debt related items 5,926 4,677
(Gain) loss from sale or disposition of assets (1,264) 4,920
Gain from insurance recoveries (78,756) 0
Deferred income tax expense (benefit) 1,340 (106)
Changes in current assets and current liabilities (Note 15) 31,243 (17,671)
(Increase) decrease in other long-term assets (2,324) 1,233
Decrease in other long-term liabilities (28,171) (4,752)
Other, net (610) (1,148)
Net cash provided by operating activities 363,320 311,015
Cash flows from investing activities:    
Capital expenditures (338,440) (220,617)
Change in accounts payable related to capital expenditures (18,630) 13,272
Proceeds from sale or disposition of assets 2,220 2,023
Proceeds from Axeon term loan 0 110,000
Proceeds from insurance recoveries 78,419 0
Acquisitions (37,502) (1,461,719)
Investment in other long-term assets (3,280) 0
Net cash used in investing activities (317,213) (1,557,041)
Cash flows from financing activities:    
Proceeds from long-term debt borrowings 985,453 1,223,204
Proceeds from short-term debt borrowings 538,500 748,000
Proceeds from note offering, net of issuance costs 0 543,313
Long-term debt repayments (1,215,498) (1,204,739)
Short-term debt repayments (563,000) (734,000)
Proceeds from issuance of Series D preferred units 590,000 0
Payment of issuance costs for Series D preferred units (34,187) 0
Proceeds from issuance of other preferred units, net of issuance costs 0 371,802
Proceeds from issuance of common units, net of issuance costs 10,000 643,858
Contributions from general partner 204 13,597
Distributions to preferred unitholders (60,247) (26,681)
Distributions to common unitholders and general partner (236,549) (331,222)
Cash consideration for Merger (Note 2) (61,271) 0
Proceeds from termination of interest rate swaps 8,048 0
(Decrease) increase in cash book overdrafts (27) 1,564
Other, net (6,527) (6,634)
Net cash (used in) provided by financing activities (45,101) 1,242,062
Effect of foreign exchange rate changes on cash (719) 1,637
Net increase (decrease) in cash and cash equivalents 287 (2,327)
Cash and cash equivalents as of the beginning of the period 24,292 35,942
Cash and cash equivalents as of the end of the period $ 24,579 $ 33,615