v3.23.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 72.8 $ 22.6
Accounts receivable:    
Trade receivables [1] 86.3 89.2
Accrued revenue and other 537.5 636.0
Fair value of derivative assets 68.5 68.4
Other current assets 94.0 166.6
Total current assets 859.1 982.8
Property and equipment, net of accumulated depreciation of $4,898.8 and $4,774.5, respectively 6,543.4 6,556.0
Intangible assets, net of accumulated amortization of $955.5 and $923.6, respectively 889.3 921.2
Investment in unconsolidated affiliates 140.4 90.2
Fair value of derivative assets 13.6 2.9
Other assets, net 100.6 97.9
Total assets 8,546.4 8,651.0
Current liabilities:    
Accounts payable and drafts payable 111.4 126.9
Accrued gas, NGLs, condensate, and crude oil purchases [2] 360.0 476.0
Fair value of derivative liabilities 41.1 42.9
Other current liabilities 195.9 229.6
Total current liabilities 708.4 875.4
Long-term debt, net of unamortized issuance cost 4,828.0 4,723.5
Other long-term liabilities 96.6 94.0
Deferred tax liability, net 53.2 42.7
Fair value of derivative liabilities 18.3 2.7
Members’ equity:    
Members’ equity (467,137,866 and 468,980,630 units issued and outstanding, respectively) 1,238.7 1,306.4
Accumulated other comprehensive loss (1.2) 0.0
Non-controlling interest 1,604.4 1,606.3
Total members’ equity 2,841.9 2,912.7
Commitments and contingencies (Note 16)
Total liabilities and members’ equity $ 8,546.4 $ 8,651.0
[1] There was no allowance for bad debt at March 31, 2023. Includes allowance for bad debt of $0.1 million at December 31, 2022.
[2] Includes related party accounts payable balances of $1.2 million and $2.5 million at March 31, 2023 and December 31, 2022, respectively.