Dominion Energy Midstream Partners, LP
CIK:0001603286|SEC Filings
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions |
9 Months Ended | ||||
|---|---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
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| Operating Activities | |||||
| Net income including noncontrolling interest and predecessors | $ 324.5 | $ 120.8 | |||
| Adjustments to reconcile net income including noncontrolling interest and predecessors to net cash provided by operating activities: | |||||
| Depreciation and amortization | 122.8 | 76.8 | |||
| Other adjustments | 1.8 | 5.6 | |||
| Changes in: | |||||
| Customer and other receivables | (75.1) | 18.5 | |||
| Affiliated receivables | 0.8 | 5.6 | |||
| Prepayments | (37.6) | (3.3) | |||
| Inventories | (19.2) | (7.5) | |||
| Accounts payable | 4.7 | 17.4 | |||
| Payables to affiliates | (4.8) | (1.3) | |||
| Accrued interest, payroll and taxes | 16.8 | 9.1 | |||
| Customer deposits | 10.7 | ||||
| Other operating assets and liabilities | 4.5 | 5.7 | |||
| Net cash provided by operating activities | 349.9 | 247.4 | |||
| Investing Activities | |||||
| Plant construction and other property additions | (222.5) | (726.9) | |||
| Loan to Dominion Energy | (1,986.0) | ||||
| Other | (2.7) | (1.3) | |||
| Net cash used in investing activities | (2,211.2) | (728.2) | |||
| Financing Activities | |||||
| Dominion Energy credit facility repayments, net | (26.4) | (1.5) | |||
| Issuance of long-term debt | 2,250.0 | ||||
| Repayment of long-term debt | (250.0) | ||||
| Credit facility borrowings | 73.0 | ||||
| Contributions from Dominion Energy to Cove Point | 106.5 | 634.0 | |||
| Distributions from Cove Point to Dominion Energy | (46.5) | ||||
| Other | (12.2) | 0.2 | |||
| Net cash provided by financing activities | 1,940.1 | 520.0 | |||
| Increase in cash, restricted cash and equivalents | 78.8 | 39.2 | |||
| Cash, restricted cash and equivalents at beginning of period | 23.7 | 64.6 | |||
| Cash, restricted cash and equivalents at end of period | 102.5 | 103.8 | |||
| Significant noncash investing and financing activities | |||||
| Accrued capital expenditures | [1] | 29.3 | 27.3 | ||
| Equity contributions from Dominion to relieve payables to affiliates | |||||
| Significant noncash investing and financing activities | |||||
| Equity contributions from Dominion Energy to relieve payables to affiliates | [1] | 5.9 | |||
| Common Units | |||||
| Financing Activities | |||||
| Distributions to unitholders | (88.7) | (55.3) | |||
| Preferred Unitholders | |||||
| Financing Activities | |||||
| Distributions to unitholders | (28.5) | (22.2) | |||
| Limited Partners | Subordinated Units | |||||
| Financing Activities | |||||
| Distributions to unitholders | (20.9) | (26.3) | |||
| General Partner | |||||
| Financing Activities | |||||
| Distributions to unitholders | $ (16.2) | $ (8.9) | |||
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Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions |
Sep. 30, 2018 |
Dec. 31, 2017 |
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|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash and cash equivalents | $ 78.4 | $ 11.0 | [1] | |||||||
| Restricted cash and equivalents | 24.1 | 12.7 | [1] | |||||||
| Customer and other receivables (less allowance for doubtful accounts of $0.3 and $0.2) | [2] | 107.2 | 32.1 | [1] | ||||||
| Affiliated receivables | 13.3 | 14.1 | [1] | |||||||
| Prepayments | 48.9 | 11.3 | [1] | |||||||
| Inventories | 50.6 | 31.4 | [1] | |||||||
| Regulatory assets | 4.2 | 14.5 | [1] | |||||||
| Other | [3] | 13.7 | 13.6 | [1] | ||||||
| Total current assets | 340.4 | 140.7 | [1] | |||||||
| Investment in Equity Method Affiliates | 250.4 | 253.8 | [1] | |||||||
| Promissory Note Receivable from Dominion Energy | 1,986.0 | |||||||||
| Property, Plant and Equipment | ||||||||||
| Property, plant and equipment | 7,979.2 | 7,788.9 | [1] | |||||||
| Accumulated depreciation and amortization | (1,214.0) | (1,101.5) | [1] | |||||||
| Total property, plant and equipment, net | 6,765.2 | 6,687.4 | [1] | |||||||
| Deferred Charges and Other Assets | ||||||||||
| Goodwill | 819.2 | 819.2 | [1] | |||||||
| Intangible assets, net | 58.7 | 35.1 | [1] | |||||||
| Other | [3] | 46.4 | 44.1 | [1] | ||||||
| Total deferred charges and other assets | 924.3 | 898.4 | [1] | |||||||
| Total assets | 10,266.3 | 7,980.3 | [1] | |||||||
| Current Liabilities | ||||||||||
| Securities due within one year | 5.0 | 5.0 | [1] | |||||||
| Accounts payable | 27.2 | 26.5 | [1] | |||||||
| Payables to affiliates | 7.9 | 12.7 | [1] | |||||||
| Dominion Energy credit facility borrowings | [1] | 26.4 | ||||||||
| Customer deposits | 25.2 | 1.1 | [1] | |||||||
| Accrued interest, payroll and taxes | 31.9 | 15.1 | [1] | |||||||
| Other | [3] | 54.8 | 60.3 | [1] | ||||||
| Total current liabilities | 152.0 | 147.1 | [1] | |||||||
| Long-Term Debt | ||||||||||
| Long-term debt | 2,710.5 | 725.7 | [1] | |||||||
| Credit facility borrowings | 73.0 | |||||||||
| Total long-term debt | 2,783.5 | 725.7 | [1] | |||||||
| Deferred Credits and Other Liabilities | ||||||||||
| Regulatory liabilities | 131.4 | 131.1 | [1] | |||||||
| CPCN obligation | 5.1 | 13.3 | [1] | |||||||
| Other | [3] | 62.8 | 67.9 | [1] | ||||||
| Total deferred credits and other liabilities | 199.3 | 212.3 | [1] | |||||||
| Total liabilities | 3,134.8 | 1,085.1 | [1] | |||||||
| Commitments and Contingencies | [1] | |||||||||
| Equity and Partners' Capital | ||||||||||
| Accumulated other comprehensive income | 3.6 | 1.4 | [1] | |||||||
| Total Dominion Energy Midstream Partners, LP partners' capital | 2,853.7 | 2,849.2 | [1] | |||||||
| Noncontrolling interest | 4,277.8 | 4,046.0 | [1] | |||||||
| Total equity and partners' capital | 7,131.5 | 6,895.2 | [1] | |||||||
| Total liabilities and equity and partners' capital | 10,266.3 | 7,980.3 | [1] | |||||||
| Limited Partners | ||||||||||
| Equity and Partners' Capital | ||||||||||
| Preferred unitholders | 496.0 | 496.0 | [1] | |||||||
| Limited Partners | Common Units | ||||||||||
| Equity and Partners' Capital | ||||||||||
| Common unitholders and Subordinated unitholder | 1,119.1 | 1,115.6 | [1] | |||||||
| General Partner | ||||||||||
| Equity and Partners' Capital | ||||||||||
| Common unitholders and Subordinated unitholder | 6.7 | |||||||||
| Dominion Energy | Limited Partners | ||||||||||
| Equity and Partners' Capital | ||||||||||
| Preferred unitholders | 303.6 | 303.6 | [1] | |||||||
| Dominion Energy | Limited Partners | Common Units | ||||||||||
| Equity and Partners' Capital | ||||||||||
| Common unitholders and Subordinated unitholder | 955.6 | 463.2 | [1] | |||||||
| Dominion Energy | Limited Partners | Subordinated Units | ||||||||||
| Equity and Partners' Capital | ||||||||||
| Common unitholders and Subordinated unitholder | [1] | 493.0 | ||||||||
| Dominion Energy | General Partner | ||||||||||
| Equity and Partners' Capital | ||||||||||
| General Partner interest - Dominion Energy (non-economic interest) | $ (30.9) | $ (23.6) | [1] | |||||||
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