Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net Income $ 742 $ 841
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 277 276
Amortization of debt issuance costs, premium and discount 15 17
Loss on modification or extinguishment of debt 54 43
Total gains on derivatives, net (54) (29)
Net cash provided by settlement of derivative instruments 18 3
Impairment expense and loss on disposal of assets 6 5
Other 7 7
Changes in operating assets and liabilities:    
Accounts and other receivables, net of current expected credit losses 32 6
Accounts receivable—affiliate 119 103
Advances to affiliate 3 14
Inventory (9) 14
Accounts payable and accrued liabilities (48) (242)
Due to affiliates (13) (8)
Deferred revenue (32) (133)
Other, net (49) (40)
Other, net—affiliate 7 (3)
Net cash provided by operating activities 1,075 874
Cash flows from investing activities    
Property, plant and equipment (316) (581)
Net cash used in investing activities (316) (581)
Cash flows from financing activities    
Proceeds from issuances of debt 1,500 1,995
Repayments of debt (1,500) (2,000)
Debt issuance and other financing costs (20) (34)
Debt extinguishment costs (40) (39)
Distributions to owners (710) (668)
Other 8 (1)
Net cash used in financing activities (762) (747)
Net decrease in cash, cash equivalents and restricted cash (3) (454)
Cash, cash equivalents and restricted cash—beginning of period 1,307 1,962
Cash, cash equivalents and restricted cash—end of period $ 1,304 $ 1,508