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
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net income $ 435 $ 385
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 138 114
Amortization of debt issuance costs, premium and discount 9 6
Loss on modification or extinguishment of debt 1 0
Total gains on derivatives, net (21) (77)
Net cash provided by settlement of derivative instruments 5 5
Impairment expense and loss on disposal of assets 5 2
Other 3 2
Changes in operating assets and liabilities:    
Accounts and other receivables 38 105
Accounts receivable—affiliate 67 1
Advances to affiliate 17 (26)
Inventory 19 (9)
Accounts payable and accrued liabilities (100) (131)
Due to affiliates (13) (14)
Deferred revenue (61) (10)
Other, net (3) (7)
Other, net—affiliate (4) (2)
Net cash provided by operating activities 535 344
Cash flows from investing activities    
Property, plant and equipment, net (317) (283)
Other 0 (1)
Net cash used in investing activities (317) (284)
Cash flows from financing activities    
Debt issuance and other financing costs (7) 0
Distributions to owners (330) (304)
Net cash used in financing activities (337) (304)
Net decrease in cash, cash equivalents and restricted cash (119) (244)
Cash, cash equivalents and restricted cash—beginning of period 1,962 1,541
Cash, cash equivalents and restricted cash—end of period $ 1,843 $ 1,297