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, 2009
Parent
Guarantor
Subsidiary
Issuer
Non-Guarantor
Subsidiaries
Consolidating
Adjustments Consolidated
(Millions)
OPERATING ACTIVITIES
Net cash provided by (used in) operating
activities . . . . . . . . . . . . . . . . . . . . . . . . $ 15.8 $ (31.5) $ 133.5
$(0.5)
$ 117.3
INVESTING ACTIVITIES:
Capital expenditures . . . . . . . . . . . . . . . . . . . — —
(164.8) —
(164.8)
Acquisitions, net of cash acquired . . . . . . . . — —
(44.5) —
(44.5)
Investments in unconsolidated affiliates . . . . — —
(7.0) —
(7.0)
Return of investment from unconsolidated
affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . .
2.2 —
2.2
Proceeds from sale of assets . . . . . . . . . . . . . — —
0.3 —
0.3
Purchase of available-for-sale securities . . . . —
(1.1) — —
(1.1)
Proceeds from sales of available-for-sale
securities . . . . . . . . . . . . . . . . . . . . . . . . . . —
51.1 — —
51.1
Net cash provided by (used in) investing
activities . . . . . . . . . . . . . . . . . . . . . . . . —
50.0
(213.8) —
(163.8)
FINANCING ACTIVITIES:
Proceeds from debt . . . . . . . . . . . . . . . . . . . . —
237.0 — —
237.0
Payments of debt . . . . . . . . . . . . . . . . . . . . . . —
(280.5) — —
(280.5)
Proceeds from issuance of common units,
net of offering costs . . . . . . . . . . . . . . . . . 69.5 — — —
69.5
Net change in advances to predecessor from
DCP Midstream, LLC . . . . . . . . . . . . . . . . — —
(6.4) —
(6.4)
Distributions to unitholders and general
partner . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(85.3) — — —
(85.3)
Distributions to noncontrolling interests . . . . — —
(27.0) —
(27.0)
Contributions from noncontrolling
interests . . . . . . . . . . . . . . . . . . . . . . . . . . . — —
78.7 —
78.7
Contributions from DCP Midstream,
LLC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — —
0.7 —
0.7
Net cash (used in) provided by financing
activities . . . . . . . . . . . . . . . . . . . . . . . .
(15.8)
(43.5)
46.0 —
(13.3)
Net change in cash and cash equivalents . . . —
(25.0)
(34.3)
(0.5)
(59.8)
Cash and cash equivalents, beginning of
period . . . . . . . . . . . . . . . . . . . . . . . . . . . . —
26.6
35.6
(0.3)
61.9
Cash and cash equivalents, end of period . . . $ — $ 1.6 $ 1.3
$(0.8)
$ 2.1
162