v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities:      
Net income (loss) $ (105,693) $ 205,794 $ 147,964
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization expense 281,460 297,874 264,232
Amortization of unit-based compensation 14,386 12,004 8,132
Amortization of debt related items 5,209 7,388 6,147
Loss from sale or disposition of assets 3,499 41,272 4,984
Gain from insurance recoveries 0 (78,756) 0
Asset and goodwill impairment losses 336,838 0 0
Deferred income tax (benefit) expense (476) 2,043 6
Changes in current assets and current liabilities (Note 22) (44,765) 78,262 (26,493)
Decrease (increase) in other long-term assets 22,020 (3,029) 943
(Decrease) increase in other long-term liabilities (1,407) (17,832) 2,414
Other, net (2,314) (813) (1,530)
Net cash provided by operating activities 508,757 544,207 406,799
Cash Flows from Investing Activities:      
Capital expenditures (533,568) (457,452) (384,638)
Change in accounts payable related to capital expenditures (12,731) (7,683) 36,903
Acquisitions 0 (37,502) (1,461,719)
Proceeds from Axeon term loan 0 0 110,000
Proceeds from insurance recoveries 0 78,419 977
Proceeds from sale or disposition of assets 228,152 270,440 2,036
Other, net (1,100) 0 0
Net cash (used in) provided by investing activities (319,247) (153,778) (1,696,441)
Cash Flows from Financing Activities:      
Proceeds from long-term debt borrowings 659,300 1,254,153 1,465,767
Proceeds from short-term debt borrowings 307,500 618,500 1,051,000
Proceeds from note offering, net of issuance costs 491,580 0 543,333
Long-term debt repayments (928,900) (1,746,776) (1,417,539)
Short-term debt repayments (320,500) (635,000) (1,070,000)
Proceeds from issuance of Series D preferred units 0 590,000 0
Payment of issuance costs for Series D preferred units 0 (34,203) 0
Proceeds from issuance of other preferred units, net of issuance costs 0 0 538,560
Proceeds from issuance of common units, net of issuance costs 15,000 10,000 643,878
Contributions from general partner 0 204 13,737
Distributions to preferred unitholders (121,693) (90,670) (38,833)
Distributions to common unitholders and general partner (258,354) (300,777) (446,306)
Cash consideration for Merger (Note 4) 0 (67,795) 0
Proceeds from termination of interest rate swaps 0 8,048 0
Payment of tax withholding for unit-based compensation (8,771) (2,083) (2,838)
(Decrease) increase in cash book overdrafts (3,752) 2,935 1,736
Other, net (9,060) (6,403) (6,223)
Net cash provided by (used in) financing activities (177,650) (399,867) 1,276,272
Effect of foreign exchange rate changes on cash (524) (1,210) 1,720
Net increase (decrease) in cash, cash equivalents and restricted cash 11,336 (10,648) (11,650)
Cash, cash equivalents and restricted cash as of the beginning of the period 13,644 24,292 35,942
Cash, cash equivalents and restricted cash as of the end of the period $ 24,980 $ 13,644 $ 24,292