Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities      
Net Income $ 1,183 $ 1,175 $ 1,274
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense 551 527 424
Amortization of debt issuance costs, premium and discount 32 34 30
Loss on modification or extinguishment of debt 43 13 12
Total losses (gains) on derivatives, net 49 (72) 87
Net cash provided by (used for) settlement of derivative instruments (4) 5 32
Impairment expense and loss on disposal of assets 5 7 8
Other 14 11 5
Other—affiliate (2) (2) 0
Changes in operating assets and liabilities:      
Accounts and other receivables, net (21) 16 (122)
Accounts receivable—affiliate (80) 9 47
Advances to affiliate 8 (41) (84)
Inventory 8 (16) (5)
Accounts payable and accrued liabilities 0 (126) 183
Accrued liabilities—related party 4 0 0
Due to affiliates 9 6 (6)
Deferred revenue (18) 39 3
Other, net (28) (36) (12)
Other, net—affiliate (2) (2) (2)
Net cash provided by operating activities 1,751 1,547 1,874
Cash flows from investing activities      
Property, plant and equipment, net (972) (1,331) (804)
Other 0 (1) 0
Net cash provided by (used in) investing activities (972) (1,332) (804)
Cash flows from financing activities      
Proceeds from issuances of debt 1,995 2,230 1,100
Repayments of debt (2,000) (730) (1,090)
Debt issuance and other financing costs (35) (35) (8)
Debt extinguishment costs (39) (4) (7)
Distributions to owners (1,359) (1,260) (1,113)
Other 4 5 0
Net cash provided by (used in) financing activities (1,434) 206 (1,118)
Net increase (decrease) in cash, cash equivalents and restricted cash (655) 421 (48)
Cash, cash equivalents and restricted cash—beginning of period 1,962 1,541 1,589
Cash, cash equivalents and restricted cash—end of period $ 1,307 $ 1,962 $ 1,541