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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 54.8 $ 22.6
Accounts receivable:    
Trade receivables [1] 82.6 89.2
Accrued revenue and other 459.3 636.0
Fair value of derivative assets 83.8 68.4
Other current assets 101.3 166.6
Total current assets 781.8 982.8
Property and equipment, net of accumulated depreciation of $5,026.1 and $4,774.5, respectively 6,503.9 6,556.0
Intangible assets, net of accumulated amortization of $987.4 and $923.6, respectively 857.4 921.2
Investment in unconsolidated affiliates 134.3 90.2
Fair value of derivative assets 18.3 2.9
Other assets, net 104.2 97.9
Total assets 8,399.9 8,651.0
Current liabilities:    
Accounts payable and drafts payable 101.2 126.9
Accrued gas, NGLs, condensate, and crude oil purchases [2] 314.6 476.0
Fair value of derivative liabilities 49.2 42.9
Current maturities of long-term debt 97.9 0.0
Other current liabilities 238.8 229.6
Total current liabilities 801.7 875.4
Long-term debt, net of unamortized issuance cost 4,640.9 4,723.5
Other long-term liabilities 92.9 94.0
Deferred tax liability, net 72.8 42.7
Fair value of derivative liabilities 17.4 2.7
Members’ equity:    
Members’ equity (462,025,317 and 468,980,630 units issued and outstanding, respectively) 1,156.1 1,306.4
Accumulated other comprehensive income 4.5 0.0
Non-controlling interest 1,613.6 1,606.3
Total members’ equity 2,774.2 2,912.7
Commitments and contingencies (Note 16)
Total liabilities and members’ equity $ 8,399.9 $ 8,651.0
[1] There was no allowance for bad debt at June 30, 2023. Includes allowance for bad debt of $0.1 million at December 31, 2022.
[2] Includes related party accounts payable balances of $0.3 million and $2.5 million at June 30, 2023 and December 31, 2022, respectively.