Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.23.3
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net income (loss) $ 3,348 $ (13)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 500 469
Amortization of debt issuance costs, premium and discount 22 22
Loss on modification or extinguishment of debt 6 0
Total losses (gains) on derivative instruments, net (1,867) 2,447
Net cash provided by (used for) settlement of derivative instruments 6 (54)
Other 16 28
Changes in operating assets and liabilities:    
Trade and other receivables, net of current expected credit losses 340 (290)
Trade receivables—affiliate 384 (231)
Advances to affiliate 31 (10)
Inventory 30 (67)
Margin deposits 35 (52)
Contract assets 0 (387)
Accounts payable and accrued liabilities (662) 592
Accrued liabilities—related party (2) 5
Due to affiliates (30) 2
Total deferred revenue 59 6
Other, net (21) (30)
Other, net—affiliate (2) 5
Net cash provided by operating activities 2,193 2,442
Cash flows from investing activities    
Property, plant and equipment, net (170) (356)
Other (6) 0
Net cash used in investing activities (176) (356)
Cash flows from financing activities    
Proceeds from issuances of debt 1,397 0
Redemptions and repayments of debt (1,650) 0
Debt issuance and other financing costs (32) 0
Debt extinguishment costs (1) 0
Distributions (2,190) (1,877)
Other (3) 0
Net cash used in financing activities (2,479) (1,877)
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents (462) 209
Cash, Cash Equivalents—beginning of period 996 974
Cash, Cash Equivalents—end of period $ 534 $ 1,183