Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.19.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income $ 617 $ 616
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 252 211
Amortization of debt issuance costs, deferred commitment fees, premium and discount 14 16
Total losses (gains) on derivatives, net (84) 41
Net cash provided by (used for) settlement of derivative instruments 7 (3)
Impairment expense and loss on disposal of assets 5 0
Other 5 3
Changes in operating assets and liabilities:    
Accounts and other receivables 70 (50)
Accounts receivable—affiliate (52) 142
Advances to affiliate (25) (70)
Inventory (4) 8
Accounts payable and accrued liabilities (123) (59)
Due to affiliates (2) (15)
Deferred revenue 7 (14)
Other, net (44) (19)
Other, net—affiliate (3) (2)
Net cash provided by operating activities 640 805
Cash flows from investing activities    
Property, plant and equipment, net (585) (345)
Other (1) 0
Net cash used in investing activities (586) (345)
Cash flows from financing activities    
Proceeds from issuances of debt 649 0
Debt issuance and deferred financing costs 19 1
Distributions to owners (616) (527)
Other 3 0
Net cash provided by (used in) financing activities 17 (528)
Net increase (decrease) in cash, cash equivalents and restricted cash 71 (68)
Cash, cash equivalents and restricted cash—beginning of period 1,541 1,589
Cash, cash equivalents and restricted cash—end of period $ 1,612 $ 1,521