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SEC Filings
10-Q
PANHANDLE EASTERN PIPE LINE CO LP filed this Form 10-Q on 05/06/2016
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PANHANDLE EASTERN PIPE LINE COMPANY, LP
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Dollars in millions)
(unaudited)

 
Three Months Ended
March 31,
 
2016
 
2015
OPERATING ACTIVITIES:
 
 
 
Net income
$
36

 
$
31

Reconciliation of net income to net cash provided by operating activities:
 
 
 
Depreciation and amortization
32

 
35

Deferred income taxes
2

 

Amortization of deferred financing fees
(6
)
 
(6
)
Income from unconsolidated affiliates

 
(4
)
Distributions of earnings received from unconsolidated affiliates

 
4

Other non-cash
2

 
6

Changes in operating assets and liabilities
63

 
4

Net cash flows provided by operating activities
129

 
70

INVESTING ACTIVITIES:
 
 
 
Capital expenditures
(2
)
 
(29
)
Distributions from unconsolidated affiliates in excess of cumulative earnings

 
14

Repayment of note receivable from related party
2

 

Note receivable issued to related party
(110
)
 
(40
)
Net cash flows used in investing activities
(110
)
 
(55
)
Net change in cash and cash equivalents
19

 
15

Cash and cash equivalents, beginning of period
3

 
32

Cash and cash equivalents, end of period
$
22

 
$
47







The accompanying notes are an integral part of these consolidated financial statements.
5

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