DCP MIDSTREAM PARTNERS, LP
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2011, 2010 and 2009 — (Continued)
Condensed Consolidating Statements of Cash Flows
Year Ended December 31, 2011
Parent
Guarantor
Subsidiary
Issuer
Non-Guarantor
Subsidiaries
Consolidating
Adjustments Consolidated
(Millions)
OPERATING ACTIVITIES
Net cash (used in) provided by operating
activities . . . . . . . . . . . . . . . . . . . . . . . . $ (37.3) $ (92.7) $ 335.0
$(0.9) $ 204.1
INVESTING ACTIVITIES:
Capital expenditures . . . . . . . . . . . . . . . . . . . — —
(104.2) —
(104.2)
Acquisitions, net of cash acquired . . . . . . . . — —
(174.8) —
(174.8)
Investments in unconsolidated affiliates . . . — —
(15.1) —
(15.1)
Return of investment from unconsolidated
affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . — —
14.9 —
14.9
Proceeds from sale of assets . . . . . . . . . . . . . — —
5.2 —
5.2
Net cash used in investing activities . . . . . . — —
(274.0) —
(274.0)
FINANCING ACTIVITIES:
Proceeds from debt . . . . . . . . . . . . . . . . . . . . — 1,524.0 — —
1,524.0
Payments of debt . . . . . . . . . . . . . . . . . . . . . —
(1,425.0) — —
(1,425.0)
Payment of deferred financing costs . . . . . . —
(4.2) — —
(4.2)
Proceeds from issuance of common units,
net of offering costs . . . . . . . . . . . . . . . . . 169.7 — — —
169.7
Excess purchase price over acquired
assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — —
(35.7) —
(35.7)
Distributions to unitholders and general
partner . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(132.4) — — —
(132.4)
Distributions to noncontrolling interests . . . — —
(44.8) —
(44.8)
Contributions from noncontrolling
interests . . . . . . . . . . . . . . . . . . . . . . . . . . . — —
18.3 —
18.3
Net cash provided by (used in) financing
activities . . . . . . . . . . . . . . . . . . . . . . . .
37.3
94.8
(62.2) —
69.9
Net change in cash and cash equivalents . . . —
2.1
(1.2)
(0.9)
—
Cash and cash equivalents, beginning of
period . . . . . . . . . . . . . . . . . . . . . . . . . . . . —
1.5
6.7
(1.5)
6.7
Cash and cash equivalents, end of period . . $ — $ 3.6 $ 5.5
$(2.4) $ 6.7
160