Retrospective Adjustment - Statement of Cash Flows (Details) - USD ($) $ in Millions | 3 Months Ended |
Mar. 31, 2016 | Mar. 31, 2015 |
Cash flows from operating activities | | | |
Net income | $ 68 | $ 49.1 | [1],[2] |
Adjustments to reconcile net income to net cash provided by operating activities | | | |
Depreciation, amortization and accretion | 5.9 | 5.2 | [1],[2] |
Changes in operating assets and liabilities | | | |
Accounts receivable | 0.3 | 11.2 | [1] |
Allowance oil | (0.4) | 0.7 | [1] |
Prepaid expenses | 1.6 | 1.4 | [1] |
Accounts payable | (0.2) | (6.6) | [1] |
Deferred revenue | (1.8) | 6.9 | [1] |
Accrued liabilities | (0.1) | 4.7 | [1] |
Net cash provided by operating activities | 72.4 | 72.6 | [1] |
Cash flows from investing activities | | | |
Capital expenditures | (4.7) | (2.6) | [1] |
Return of investment | 4.1 | 3.2 | [1] |
Payment of pre-IPO distributions from investments to SPLC | 0 | (11.9) | [1] |
Net cash used in investing activities | (0.6) | (11.3) | [1] |
Cash flows from financing activities | | | |
Distributions to noncontrolling interest | (12.4) | (25.1) | [1] |
Distributions to unitholders and general partner | (35.3) | (14.4) | [1] |
Net distribution to Parent | 0 | (15.1) | [1] |
Net cash used in financing activities | (26.8) | (54.6) | [1] |
Net increase in cash and cash equivalents | 45 | 6.7 | [1] |
Cash and cash equivalents at beginning of the period | 93 | 150.2 | [1] |
Cash and cash equivalents at end of the period | 138 | 156.9 | [1] |
Change in accrued capital expenditures | $ 0.4 | (0.5) | [1] |
Pecten | | | |
Cash flows from operating activities | | | |
Net income | | 49.1 | |
Adjustments to reconcile net income to net cash provided by operating activities | | | |
Depreciation, amortization and accretion | | 5.2 | |
Changes in operating assets and liabilities | | | |
Accounts receivable | | 11.2 | |
Allowance oil | | 0.7 | |
Prepaid expenses | | 1.4 | |
Accounts payable | | (6.6) | |
Deferred revenue | | 6.9 | |
Accrued liabilities | | 4.7 | |
Net cash provided by operating activities | | 72.6 | |
Cash flows from investing activities | | | |
Capital expenditures | | (2.6) | |
Return of investment | | 3.2 | |
Payment of pre-IPO distributions from investments to SPLC | | (11.9) | |
Net cash used in investing activities | | (11.3) | |
Cash flows from financing activities | | | |
Distributions to noncontrolling interest | | (25.1) | |
Distributions to unitholders and general partner | | (14.4) | |
Net distribution to Parent | | (15.1) | |
Net cash used in financing activities | | (54.6) | |
Net increase in cash and cash equivalents | | 6.7 | |
Cash and cash equivalents at beginning of the period | | 150.2 | |
Cash and cash equivalents at end of the period | | 156.9 | |
Change in accrued capital expenditures | | (0.5) | |
Shell Midstream Partners, L.P. | Pecten | | | |
Cash flows from operating activities | | | |
Net income | | 41.4 | |
Adjustments to reconcile net income to net cash provided by operating activities | | | |
Depreciation, amortization and accretion | | 3.4 | |
Changes in operating assets and liabilities | | | |
Accounts receivable | | 6.1 | |
Allowance oil | | 0.3 | |
Prepaid expenses | | 1.1 | |
Accounts payable | | (6.2) | |
Deferred revenue | | 6.9 | |
Accrued liabilities | | 4.4 | |
Net cash provided by operating activities | | 57.4 | |
Cash flows from investing activities | | | |
Capital expenditures | | (2.5) | |
Return of investment | | 3.2 | |
Payment of pre-IPO distributions from investments to SPLC | | (11.9) | |
Net cash used in investing activities | | (11.2) | |
Cash flows from financing activities | | | |
Distributions to noncontrolling interest | | (25.1) | |
Distributions to unitholders and general partner | | (14.4) | |
Net distribution to Parent | | 0 | |
Net cash used in financing activities | | (39.5) | |
Net increase in cash and cash equivalents | | 6.7 | |
Cash and cash equivalents at beginning of the period | | 150.2 | |
Cash and cash equivalents at end of the period | | 156.9 | |
Change in accrued capital expenditures | | (0.5) | |
Shell Auger and Lockport Operations | Pecten | | | |
Cash flows from operating activities | | | |
Net income | | 7.7 | |
Adjustments to reconcile net income to net cash provided by operating activities | | | |
Depreciation, amortization and accretion | | 1.8 | |
Changes in operating assets and liabilities | | | |
Accounts receivable | | 5.1 | |
Allowance oil | | 0.4 | |
Prepaid expenses | | 0.3 | |
Accounts payable | | (0.4) | |
Deferred revenue | | 0 | |
Accrued liabilities | | 0.3 | |
Net cash provided by operating activities | | 15.2 | |
Cash flows from investing activities | | | |
Capital expenditures | | (0.1) | |
Return of investment | | 0 | |
Payment of pre-IPO distributions from investments to SPLC | | 0 | |
Net cash used in investing activities | | (0.1) | |
Cash flows from financing activities | | | |
Distributions to noncontrolling interest | | 0 | |
Distributions to unitholders and general partner | | 0 | |
Net distribution to Parent | | (15.1) | |
Net cash used in financing activities | | (15.1) | |
Net increase in cash and cash equivalents | | 0 | |
Cash and cash equivalents at beginning of the period | | 0 | |
Cash and cash equivalents at end of the period | | 0 | |
Change in accrued capital expenditures | | $ 0 | |
|
[1] | (1) The 2015 financial information has been retrospectively adjusted for the acquisition of the Shell Auger and Lockport Operations. |
[2] | (1) The 2015 financial information has been retrospectively adjusted for the acquisition of the Shell Auger and Lockport Operations. |