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SEC Filings
10-K
PANHANDLE EASTERN PIPE LINE CO LP filed this Form 10-K on 02/23/2018
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PANHANDLE EASTERN PIPE LINE COMPANY, LP
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Dollars in millions)

 
Years Ended December 31,
 
2017
 
2016
 
2015
OPERATING ACTIVITIES:
 
 
 
 
 
Net income (loss)
$
(45
)
 
$
(646
)
 
$
105

Reconciliation of net income (loss) to net cash provided by operating activities:
 

 
 

 
 

Depreciation and amortization
127

 
130

 
133

Impairment losses
389

 
771

 

Deferred income taxes
(252
)
 
(21
)
 
31

Amortization of deferred financing fees
(24
)
 
(24
)
 
(23
)
Distributions of earnings received from unconsolidated affiliates
6

 

 
9

Other non-cash
8

 
10

 
(13
)
Changes in operating assets and liabilities
(49
)
 
103

 
(66
)
Net cash flows provided by operating activities
160

 
323

 
176

INVESTING ACTIVITIES:
 
 
 
 
 
Capital expenditures
(154
)
 
(106
)
 
(128
)
Distributions from unconsolidated affiliates in excess of cumulative earnings

 

 
46

Repayment of note receivable from related party
291

 
49

 
40

Note receivable issued to related party
(40
)
 
(265
)
 
(40
)
Other
2

 

 
2

Net cash flows provided by (used in) investing activities
99

 
(322
)
 
(80
)
FINANCING ACTIVITIES:
 
 
 
 
 
Distributions to partners
(74
)
 

 
(125
)
Note payable issued from related party
113

 

 

Repayment of long-term debt
(300
)
 

 

Net cash flows used in financing activities
(261
)
 

 
(125
)
NET CHANGE IN CASH AND CASH EQUIVALENTS
(2
)
 
1

 
(29
)
CASH AND CASH EQUIVALENTS, beginning of period
4

 
3

 
32

CASH AND CASH EQUIVALENTS, end of period
$
2

 
$
4

 
$
3


The accompanying notes are an integral part of these consolidated financial statements.
F - 7

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