Current report filing

Consolidated Statements of Cash Flows

v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities      
Net income (loss) $ 490,000,000 $ (171,000,000) $ (319,000,000)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Non-cash LNG inventory write-downs 0 0 18,000,000
Depreciation and amortization expense 339,000,000 156,000,000 66,000,000
Amortization of debt issuance costs, deferred commitment fees, premium and discount 36,000,000 30,000,000 12,000,000
Loss on early extinguishment of debt 67,000,000 72,000,000 96,000,000
Total losses (gains) on derivatives, net 20,000,000 (48,000,000) 7,000,000
Net cash used for settlement of derivative instruments (16,000,000) (8,000,000) (41,000,000)
Other 8,000,000 1,000,000 0
Changes in operating assets and liabilities:      
Accounts and other receivables (101,000,000) (90,000,000) 0
Accounts receivable—affiliate (62,000,000) (98,000,000) 1,000,000
Advances to affiliate (12,000,000) 0 (13,000,000)
Inventory 13,000,000 (58,000,000) (25,000,000)
Accounts payable and accrued liabilities 210,000,000 167,000,000 (1,000,000)
Due to affiliates (42,000,000) 11,000,000 15,000,000
Deferred revenue 34,000,000 42,000,000 (4,000,000)
Other, net (5,000,000) (7,000,000) (11,000,000)
Other, net—affiliate (2,000,000) 1,000,000 28,000,000
Net cash provided by (used in) operating activities 977,000,000 0 (171,000,000)
Cash flows from investing activities      
Property, plant and equipment, net (1,290,000,000) (2,315,000,000) (2,913,000,000)
Other 0 (38,000,000) (62,000,000)
Net cash provided by (used in) investing activities (1,290,000,000) (2,353,000,000) (2,975,000,000)
Cash flows from financing activities      
Proceeds from issuances of debt 3,814,000,000 8,003,000,000 2,860,000,000
Repayments of debt (2,173,000,000) (5,251,000,000) 0
Debt issuance and deferred financing costs (50,000,000) (115,000,000) (170,000,000)
Debt extinguishment costs 0 (14,000,000) 0
Distributions to owners (294,000,000) (99,000,000) (99,000,000)
Net cash provided by (used in) financing activities 1,297,000,000 2,524,000,000 2,591,000,000
Net increase (decrease) in cash, cash equivalents and restricted cash 984,000,000 171,000,000 (555,000,000)
Cash, cash equivalents and restricted cash—beginning of period 605,000,000 434,000,000 989,000,000
Cash, cash equivalents and restricted cash—end of period $ 1,589,000,000 $ 605,000,000 $ 434,000,000