Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.21.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net income $ 1,123 $ 774
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 417 413
Amortization of debt issuance costs, premium and discount 22 24
Loss on modification or extinguishment of debt 81 43
Total losses (gains) on derivatives, net (64) 38
Net cash provided by (used for) settlement of derivative instruments 10 (2)
Impairment expense and loss on disposal of assets 6 5
Other 13 10
Changes in operating assets and liabilities:    
Accounts and other receivables, net of current expected credit losses (41) 93
Accounts receivable—affiliate (13) 23
Advances to affiliate 11 31
Inventory (26) 2
Accounts payable and accrued liabilities 165 (96)
Accrued liabilities—related party 1 2
Due to affiliates (6) (3)
Deferred revenue 29 24
Other, net (62) (45)
Other, net—affiliate 1 (3)
Net cash provided by operating activities 1,667 1,333
Cash flows from investing activities    
Property, plant and equipment (495) (795)
Net cash used in investing activities (495) (795)
Cash flows from financing activities    
Proceeds from issuances of debt 2,700 1,995
Repayments of debt (2,172) (2,000)
Debt issuance and other financing costs (35) (34)
Debt extinguishment costs (61) (39)
Distributions to owners (1,073) (1,011)
Other 8 0
Net cash used in financing activities (633) (1,089)
Net increase (decrease) in cash, cash equivalents and restricted cash 539 (551)
Cash, cash equivalents and restricted cash—beginning of period 1,307 1,962
Cash, cash equivalents and restricted cash—end of period $ 1,846 $ 1,411