CASH FLOWS FROM FINANCING ACTIVITIES Sample Clauses

CASH FLOWS FROM FINANCING ACTIVITIES. (1,968) --------- (846) -------- Proceeds from short-term borrowings.................... 20,796 32,645 Repayment of short-term borrowings..................... (49,114) (38,077) Repayment of term loan................................. (4,500) -- Net proceeds from initial public offering.............. 57,253 --

CASH FLOWS FROM FINANCING ACTIVITIES. Net cash provided by financing activities in 2016 was $113 million compared to $1.3 billion in 2015. The sources of cash in 2016 primarily consisted of $984 million in net proceeds from the issuance of Preferred units and $792 million of net cash proceeds from the issuance of common units and general partner units, as well as contributions of $225 million from MPC as part of the Class A Reorganization. The uses of cash in 2016 primarily consisted of net repayments of long-term debt and distributions to unitholders. The sources of cash in 2015 primarily consisted of contributions of $1.2 billion from MPC for the MarkWest Merger and proceeds of $169 million from issuances of general partner units. The uses of cash in 2015 primarily consisted of distributions to unitholders. The sources of cash in 2014 primarily consisted of net long-term borrowings and proceeds from the issuance of common units. The uses of cash in 2014 primarily consisted of distributions of $910 million to MPC for the acquisition of an interest in Pipe Line Holdings, as well as distributions to unitholders. Cash used in distributions to unitholders totaled $845 million in 2016, $158 million in 2015, and $103 million in 2014. The increase in 2016 was primarily due to the issuance of units to MarkWest unitholders in connection with the merger on December 4, 2015. Long-term debt borrowings and repayments were a net $878 million use of cash in 2016 compared to a $38 million source of cash in 2015 and a $631 million source of cash in 2014. During 2016, we used proceeds from the issuance of Preferred units to repay amounts outstanding under the bank revolving credit facility. During 2015, we used proceeds from the issuance of $500 million aggregate of principal amount of senior notes to repay $385 million outstanding under the bank revolving credit facility. See Item 8. Financial Statements and Supplemental Data – Note 17 for additional information on our long-term debt. Our outstanding borrowings at December 31, 2016 and 2015 consisted of the following: (In millions) 2016 2015 MPLX LP: Bank revolving credit facility due 2020 $ — $ 877 Term loan facility due 2019 250 250 5.500% senior notes due 2023 710 710 4.500% senior notes due 2023 989 989 4.875% senior notes due 2024 1,149 1,149 4.000% senior notes due 2025 500 500 4.875% senior notes due 2025 1,189 1,189 Consolidated subsidiaries: MarkWest - 4.500% - 5.500%, due 2023 - 2025 63 63 MPL - capital lease obligations due 2020 8 9 Total 4,858 5,7...

CASH FLOWS FROM FINANCING ACTIVITIES. 1,430 -------- (49,577) -------- 1,027 -------- (20,614) -------- 1,173 -------- (14,486) -------- Proceeds from issuance of debt.................. -- 10,320 7,123 Payments of debt................................ (6,468) (14,870) (3,644) Payments of capital lease obligations........... (11,094) (11,535) (5,193) Payments of notes to shareholder................ -- -- (975) Net change in line of credit agreement.......... -- (6,500) (340) Distribution to stockholders.................... -- (81,443) (25,113) notes payable financing........................ 6,834 (11,281) 2,187 CASH FLOWS FROM OPERATING ACTIVITIES: Net change in accounts receivable financing and Proceeds from issuance of common stock, net of expense........................................ -- 107,723 -- Payments for stock registration costs........... (72) -- -- Net change in customer deposits and holdbacks... 9,813 7,322 774 -------- -------- -------- Net cash flows from financing activities...... (987) (264) (25,181) -------- -------- -------- NET CHANGE IN CASH AND CASH EQUIVALENTS.......... (15,245) 33,204 7,890 CASH AND CASH EQUIVALENTS, Beginning of period... 55,065 21,861 13,971 -------- -------- -------- CASH AND CASH EQUIVALENTS, End of period......... $ 39,820 $ 55,065 $ 21,861 ======== ======== ======== SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: Cash paid during the period for interest........ $ 1,381 $ 4,696 $ 4,048 ======== ======== ======== Cash paid during the period for income taxes.... $ 24,877 $ 702 $ 459 ======== ======== ======== SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES: Acquisition of property through assumption of debt obligations............................... $ 16,725 $ 16,297 $ 9,592 ======== ======== ======== Reduction of accounts receivable through issuance of notes receivable................... $ 1,114 $ 61 $ 367 ======== ======== ======== The accompanying notes are an integral part of these financial statements. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 1997, 1996 AND 1995 A. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BUSINESS DESCRIPTION--West TeleServices Corporation (WTSC) and its direct and indirect subsidiaries (West Telemarketing Corporation (WTC), West Interactive Corporation (WIC), West Telemarketing Corporation Outbound (WTCO), Interactive Billing Services, Inc. (IBS) and West Interactive Canada, Inc. (WICI)) (the "Company") provide a full range of customized telecommunications- based services to business client...

CASH FLOWS FROM FINANCING ACTIVITIES. Net cash provided by financing activities in 2015 was $1.3 billion compared to net cash used in 2014 of $224 million. The source of cash in 2015 was primarily due to $1.2 billion of contributions from MPC for the MarkWest Merger, $38 million in increased net long-term debt borrowings, $8 million in net proceeds from related party debt with MPC and $169 million in net proceeds from MPLX GP in exchange for a number of general partnership units that allowed it to maintain its general partnership interest, partially offset by $159 million in distributions to unitholders, the general partner and noncontrolling interests. The use of cash in 2014 was primarily due to $910 million in distributions to MPC related to the acquisition of an interest in Pipe Line Holdings and $150 million in distributions to unitholders, the general partner and noncontrolling interests, partially offset by $631 million in net long-term debt borrowings and $230 million in net proceeds from equity offerings. Net cash used in financing activities decreased $78 million in 2014 compared to 2013, primarily due to $632 million in increased net long-term debt borrowings and $230 million in net proceeds from the equity offerings of common units representing limited partnership interests and contributions from MPLX GP LLC in exchange for a number of general partnership units that allowed it to maintain its two percent general partnership interest, partially offset by $810 million in increased distributions to MPC related to the acquisition of interests in Pipe Line Holdings. Our outstanding borrowings at December 31, 2015 and 2014 consisted of the following: (In millions) 2015 2014 MPLX LP: Bank revolving credit facility due 2020 $ 877 $ 385 Term loan facility due 2019 250 250 5.500% senior notes due 2023 710 — 4.500% senior notes due 2023 989 — 4.875% senior notes due 2024 1,149 — 4.000% senior notes due 2025 500 — 4.875% senior notes due 2025 1,189 — Consolidated subsidiaries: MarkWest - 5.500% senior notes due 2023 40 — MarkWest - 4.500% senior notes due 2023 11 — MarkWest - 4.875% senior notes due 2024 1 — MarkWest - 4.875% senior notes due 2025 11 — MPL - capital lease obligations due 2020 9 10 Total 5,736 645 Unamortized debt issuance costs(1) (8 ) — Unamortized discount(2) (472 ) — Amounts due within one year (1 ) (1 ) Total long-term debt due after one year $ 5,255 $ 644 (1) We adopted the updated FASB debt issuance cost standard as of June 30, 2015. This has been applied retrospectively...

CASH FLOWS FROM FINANCING ACTIVITIES. 18,307 ----------- (4,053,968) ----------- (26,755) ------------ (10,077,969) ------------ -- -------- (13,672) -------- Borrowings of long-term debt......................... 7,504,565 10,114,188 14,200 Repayments of long-term debt......................... (4,499,793) (5,694,375) -- Payments for debt issuance costs..................... Net proceeds from initial public offering of Class A common stock...................................... (85,348) -- (113,481) 3,547,920 -- --