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, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net income $ 750 $ 193
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 220 160
Share-based compensation expense 58 46
Non-cash interest expense 30 38
Amortization of debt issuance costs, deferred commitment fees, premium and discount 35 35
Loss on modification or extinguishment of debt 15 75
Total losses on derivatives, net 4 79
Net cash used for settlement of derivative instruments (8) (55)
Impairment expense and loss on disposal of assets 0 6
Other (5) (3)
Changes in operating assets and liabilities:    
Accounts and other receivables 80 (63)
Accounts receivable—related party 0 1
Inventory 10 17
Other current assets (61) (21)
Accounts payable and accrued liabilities (132) 45
Deferred revenue (13) (10)
Other, net (1) (5)
Net cash provided by operating activities 982 536
Cash flows from investing activities    
Property, plant and equipment, net (1,508) (2,338)
Investment in equity method investment 0 41
Other 16 22
Net cash used in investing activities (1,492) (2,357)
Cash flows from financing activities    
Proceeds from issuances of debt 1,799 4,811
Repayments of debt (281) (2,163)
Debt issuance and deferred financing costs (46) (67)
Debt extinguishment costs (8) 0
Distributions and dividends to non-controlling interest (288) (40)
Payments related to tax withholdings for share-based compensation (8) (3)
Net cash provided by financing activities 1,168 2,538
Net increase in cash, cash equivalents and restricted cash 658 717
Cash, cash equivalents and restricted cash—beginning of period 2,613 1,827
Cash, cash equivalents and restricted cash—end of period $ 3,271 $ 2,544