Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 0 $ 0
Restricted cash 1,589 605
Accounts and other receivables 191 90
Accounts receivable—affiliate 163 99
Advances to affiliate 36 38
Inventory 95 97
Other current assets 65 29
Total current assets 2,139 958
Property, plant and equipment, net 15,139 14,158
Debt issuance costs, net 38 121
Non-current derivative assets 31 83
Other non-current assets, net 206 222
Total assets 17,553 15,542
Current liabilities    
Accounts payable 12 27
Accrued liabilities 637 418
Current debt 0 224
Due to affiliates 68 99
Deferred revenue 111 73
Deferred revenue—affiliate 1 1
Derivative liabilities 0 14
Total current liabilities 829 856
Long-term debt, net 16,046 14,209
Non-current deferred revenue 1 5
Non-current derivative liabilities 3 2
Other non-current liabilities 10 0
Other non-current liabilities—affiliate 25 27
Commitments and contingencies (see Note 15)
Partners’ equity    
Common unitholders’ interest (348.6 million units and 57.1 million units issued and outstanding at December 31, 2017 and 2016, respectively) 1,670 130
Class B unitholders’ interest (zero and 145.3 million units issued and outstanding at December 31, 2017 and 2016, respectively) 0 62
Subordinated unitholders’ interest (135.4 million units issued and outstanding at December 31, 2017 and 2016) (1,043) 240
General partner’s interest (2% interest with 9.9 million units and 6.9 million units issued and outstanding at December 31, 2017 and 2016, respectively) 12 11
Total partners’ equity 639 443
Total liabilities and partners’ equity $ 17,553 $ 15,542