Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.23.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net income (loss) $ 2,557 $ 501
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 334 309
Amortization of debt issuance costs, premium and discount 15 15
Loss on modification or extinguishment of debt 2 0
Total losses (gains) on derivative instruments, net (1,502) 819
Net cash provided by (used for) settlement of derivative instruments 2 (37)
Other 11 16
Changes in operating assets and liabilities:    
Trade and other receivables 450 (208)
Trade receivables—affiliate 417 (269)
Advances to affiliate 21 7
Inventory 30 4
Margin deposits 32 2
Accounts payable and accrued liabilities (739) 491
Accrued liabilities—related party (2) 2
Due to affiliates (34) 5
Total deferred revenue (21) (28)
Other, net (31) (41)
Other, net—affiliate (4) (2)
Net cash provided by operating activities 1,538 1,586
Cash flows from investing activities    
Property, plant and equipment, net (149) (239)
Other (6) 0
Net cash used in investing activities (155) (239)
Cash flows from financing activities    
Proceeds from issuances of debt 1,397 0
Redemptions and repayments of debt (200) 0
Debt issuance and other financing costs (27) 0
Debt extinguishment costs (1) 0
Distributions (1,472) (1,132)
Other (1) 0
Net cash used in financing activities (304) (1,132)
Net increase in cash, cash equivalents and restricted cash and cash equivalents 1,079 215
Cash, Cash Equivalents—beginning of period 996 974
Cash, Cash Equivalents—end of period $ 2,075 $ 1,189