Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.22.2.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net income (loss) $ (13) $ 1,123
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 469 417
Amortization of debt issuance costs, premium and discount 22 22
Loss on modification or extinguishment of debt 0 81
Total losses (gains) on derivative instruments, net 2,447 (64)
Net cash provided by (used for) settlement of derivative instruments (54) 10
Other 28 19
Changes in operating assets and liabilities:    
Trade and other receivables, net of current expected credit losses (290) (41)
Accounts receivable—affiliate (231) (13)
Advances to affiliate (10) 11
Inventory (67) (26)
Margin deposits (52) (25)
Contract assets (387) 0
Accounts payable and accrued liabilities 592 165
Accrued liabilities—related party 5 1
Due to affiliates 2 (6)
Deferred revenue 6 29
Other, net (30) (37)
Other, net—affiliate 5 1
Net cash provided by operating activities 2,442 1,667
Cash flows from investing activities    
Property, plant and equipment (356) (495)
Net cash used in investing activities (356) (495)
Cash flows from financing activities    
Proceeds from issuances of debt 0 2,700
Redemptions and repayments of debt 0 (2,172)
Debt issuance and other financing costs 0 (35)
Debt extinguishment costs 0 (61)
Distributions (1,877) (1,073)
Other 0 8
Net cash used in financing activities (1,877) (633)
Net increase in cash, cash equivalents and restricted cash and cash equivalents 209 539
Cash, Cash Equivalents—beginning of period 974 1,307
Cash, Cash Equivalents—end of period $ 1,183 $ 1,846