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
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income $ 841 $ 617
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 276 252
Amortization of debt issuance costs, premium and discount 17 14
Loss on modification or extinguishment of debt 43 0
Total gains on derivatives, net (29) (84)
Net cash provided by settlement of derivative instruments 3 7
Impairment expense and loss on disposal of assets 5 5
Other 7 5
Changes in operating assets and liabilities:    
Accounts and other receivables, net 6 70
Accounts receivable—affiliate 103 (52)
Advances to affiliate 14 (25)
Inventory 14 (4)
Accounts payable and accrued liabilities (242) (123)
Due to affiliates (8) (2)
Deferred revenue (133) 7
Other, net (40) (44)
Other, net—affiliate (3) (3)
Net cash provided by operating activities 874 640
Cash flows from investing activities    
Property, plant and equipment, net (581) (585)
Other 0 (1)
Net cash used in investing activities (581) (586)
Cash flows from financing activities    
Proceeds from issuances of debt 1,995 649
Repayments of debt (2,000) 0
Debt issuance and other financing costs (34) (19)
Debt extinguishment costs 39 0
Distributions to owners (668) (616)
Other (1) 3
Net cash provided by (used in) financing activities (747) 17
Net increase (decrease) in cash, cash equivalents and restricted cash (454) 71
Cash, cash equivalents and restricted cash—beginning of period 1,962 1,541
Cash, cash equivalents and restricted cash—end of period $ 1,508 $ 1,612