Enterprise Products Partners L.P.

SEC Filings

10-K
ENTERPRISE PRODUCTS PARTNERS L P filed this Form 10-K on 02/28/2018
Entire Document
 

ENTERPRISE PRODUCTS PARTNERS L.P.
STATEMENTS OF CONSOLIDATED CASH FLOWS
(Dollars in millions)

 
 
For the Year Ended December 31,
 
 
 
2017
   
2016
   
2015
 
Operating activities:
                 
Net income
 
$
2,855.6
   
$
2,553.0
   
$
2,558.4
 
Reconciliation of net income to net cash flows provided by operating activities:
                       
Depreciation, amortization and accretion
   
1,644.0
     
1,552.0
     
1,516.0
 
Asset impairment and related charges
   
49.8
     
53.5
     
162.6
 
Equity in income of unconsolidated affiliates
   
(426.0
)
   
(362.0
)
   
(373.6
)
Distributions received on earnings from unconsolidated affiliates
   
433.7
     
380.5
     
462.1
 
Net losses (gains) attributable to asset sales (see Note 19)
   
(10.7
)
   
(2.5
)
   
15.6
 
Deferred income tax expense (benefit)
   
6.1
     
6.6
     
(20.6
)
Change in fair market value of derivative instruments
   
22.8
     
45.0
     
(18.4
)
Change in fair market value of Liquidity Option Agreement
   
64.3
     
24.5
     
25.4
 
Net effect of changes in operating accounts (see Note 19)
   
32.2
     
(180.9
)
   
(323.3
)
Other operating activities
   
(5.5
)
   
(2.9
)
   
(1.8
)
Net cash flows provided by operating activities
   
4,666.3
     
4,066.8
     
4,002.4
 
Investing activities:
                       
Capital expenditures
   
(3,147.9
)
   
(3,025.1
)
   
(3,830.7
)
Contributions in aid of construction costs
   
46.1
     
41.0
     
19.1
 
Cash used for business combinations, net of cash received (see Note 12)
   
(198.7
)
   
(1,000.0
)
   
(1,056.5
)
Investments in unconsolidated affiliates
   
(50.5
)
   
(138.8
)
   
(162.6
)
Distributions received for return of capital from unconsolidated affiliates
   
49.3
     
71.0
     
--
 
Proceeds from asset sales (see Note 19)
   
40.1
     
46.5
     
1,608.6
 
Other investing activities
   
(24.5
)
   
(0.4
)
   
(3.8
)
Cash used in investing activities
   
(3,286.1
)
   
(4,005.8
)
   
(3,425.9
)
Financing activities:
                       
Borrowings under debt agreements
   
69,315.3
     
62,813.9
     
21,081.1
 
Repayments of debt
   
(68,459.6
)
   
(61,672.6
)
   
(19,867.2
)
Debt issuance costs
   
(24.1
)
   
(10.6
)
   
(24.0
)
Monetization of interest rate derivative instruments (see Note 14)
   
30.6
     
6.1
     
--
 
Cash distributions paid to limited partners (see Note 9)
   
(3,569.9
)
   
(3,300.5
)
   
(2,943.7
)
Cash payments made in connection with distribution equivalent rights
   
(15.1
)
   
(11.7
)
   
(7.7
)
Cash distributions paid to noncontrolling interests (see Note 9)
   
(49.2
)
   
(47.4
)
   
(48.0
)
Cash contributions from noncontrolling interests (see Note 9)
   
0.4
     
20.4
     
54.0
 
Net cash proceeds from the issuance of common units
   
1,073.4
     
2,542.8
     
1,188.6
 
Other financing activities
   
(29.3
)
   
(18.7
)
   
(49.1
)
Cash provided by (used in) financing activities
   
(1,727.5
)
   
321.7
     
(616.0
)
Net change in cash, cash equivalents and restricted cash
   
(347.3
)
   
382.7
     
(39.5
)
Cash, cash equivalents and restricted cash, January 1
   
417.6
     
34.9
     
74.4
 
Cash, cash equivalents and restricted cash, December 31
 
$
70.3
   
$
417.6
   
$
34.9
 











See Notes to Consolidated Financial Statements.

F-6