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, 2010
Parent
Guarantor
Subsidiary
Issuer
Non-Guarantor
Subsidiaries
Consolidating
Adjustments Consolidated
(Millions)
OPERATING ACTIVITIES
Net cash (used in) provided by operating
activities . . . . . . . . . . . . . . . . . . . . . . . . $ (87.4) $ (42.9) $ 270.7
$(0.7)
$ 139.7
INVESTING ACTIVITIES:
Capital expenditures . . . . . . . . . . . . . . . . . . . — —
(50.7) —
(50.7)
Acquisitions, net of cash acquired . . . . . . . . — —
(203.3) —
(203.3)
Investments in unconsolidated affiliates . . . . — —
(28.6) —
(28.6)
Return of investment from unconsolidated
affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . — —
1.2 —
1.2
Proceeds from sale of assets . . . . . . . . . . . . . — —
3.4 —
3.4
Purchase of available-for-sale securities . . . . — — — —
—
Proceeds from sales of available-for-sale
securities . . . . . . . . . . . . . . . . . . . . . . . . . . —
10.1 — —
10.1
Net cash provided by (used in) investing
activities . . . . . . . . . . . . . . . . . . . . . . . . —
10.1
(278.0) —
(267.9)
FINANCING ACTIVITIES:
Proceeds from debt . . . . . . . . . . . . . . . . . . . . — 868.2 — —
868.2
Payments of debt . . . . . . . . . . . . . . . . . . . . . . —
(833.4) — —
(833.4)
Payment of deferred financing costs . . . . . . . —
(2.1) — —
(2.1)
Proceeds from issuance of common units,
net of offering costs . . . . . . . . . . . . . . . . . 189.3 — — —
189.3
Purchase of additional interest in a
subsidiary . . . . . . . . . . . . . . . . . . . . . . . . . — —
(3.5) —
(3.5)
Distributions to unitholders and general
partner . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(101.9) — — —
(101.9)
Distributions to noncontrolling interests . . . . — —
(25.6) —
(25.6)
Net change in advances to predecessor from
DCP Midstream, LLC . . . . . . . . . . . . . . . . — —
27.4 —
27.4
Contributions from noncontrolling
interests . . . . . . . . . . . . . . . . . . . . . . . . . . . — —
13.8 —
13.8
Contributions from DCP Midstream,
LLC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — —
0.6 —
0.6
Net cash provided by (used in) financing
activities . . . . . . . . . . . . . . . . . . . . . . . .
87.4
32.7
12.7 —
132.8
Net change in cash and cash equivalents . . . —
(0.1)
5.4
(0.7)
4.6
Cash and cash equivalents, beginning of
period . . . . . . . . . . . . . . . . . . . . . . . . . . . . —
1.6
1.3
(0.8)
2.1
Cash and cash equivalents, end of period . . . $ — $ 1.5 $ 6.7
$(1.5)
$ 6.7
161