Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.7.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 0 $ 0
Restricted cash 756 605
Accounts and other receivables 101 90
Accounts receivable—affiliate 89 99
Advances to affiliate 64 38
Inventory 87 97
Other current assets 30 29
Total current assets 1,127 958
Non-current restricted cash 1,000 0
Property, plant and equipment, net 14,636 14,158
Debt issuance costs, net 80 121
Non-current derivative assets 44 83
Other non-current assets, net 205 222
Total assets 17,092 15,542
Current liabilities    
Accounts payable 35 27
Accrued liabilities 426 418
Current debt, net 0 224
Due to affiliates 29 99
Deferred revenue 63 73
Deferred revenue—affiliate 20 1
Derivative liabilities 4 14
Total current liabilities 577 856
Long-term debt, net 16,020 14,209
Non-current deferred revenue 4 5
Non-current derivative liabilities 1 2
Other non-current liabilities—affiliate 25 27
Partners’ equity    
Common unitholders’ interest (57.1 million units issued and outstanding at March 31, 2017 and December 31, 2016) 50 130
Class B unitholders’ interest (145.3 million units issued and outstanding at March 31, 2017 and December 31, 2016) 297 62
Subordinated unitholders’ interest (135.4 million units issued and outstanding at March 31, 2017 and December 31, 2016) 107 240
General partner’s interest (2% interest with 6.9 million units issued and outstanding at March 31, 2017 and December 31, 2016) 11 11
Total partners’ equity 465 443
Total liabilities and partners’ equity $ 17,092 $ 15,542