Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.19.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 2,279 $ 981
Restricted cash 1,161 2,175
Accounts and other receivables 433 585
Inventory 290 316
Derivative assets 127 63
Other current assets 135 114
Total current assets 4,425 4,234
Property, plant and equipment, net 29,073 27,245
Operating lease assets, net 502 0
Debt issuance costs, net 55 72
Non-current derivative assets 103 54
Goodwill 77 77
Other non-current assets, net 337 305
Total assets 34,572 31,987
Current liabilities    
Accounts payable 120 58
Accrued liabilities 1,572 1,169
Current debt 0 239
Deferred revenue 136 139
Current operating lease liabilities 292 0
Derivative liabilities 84 128
Other current liabilities 3 9
Total current liabilities 2,207 1,742
Long-term debt, net 29,944 28,179
Non-current operating lease liabilities 202 0
Non-current finance lease liabilities 58 57
Non-current derivative liabilities 94 22
Other non-current liabilities 44 58
Commitments and contingencies (see Note 16)
Stockholders’ equity    
Preferred stock, $0.0001 par value, 5.0 million shares authorized, none issued 0 0
Common stock, $0.003 par value, Authorized: 480.0 million shares at June 30, 2019 and December 31, 2018; Issued: 270.5 million shares at June 30, 2019 and 269.8 million shares at December 31, 2018
Outstanding: 257.5 million shares at June 30, 2019 and 257.0 million shares at December 31, 2018 1 1
Treasury stock: 13.0 million shares and 12.8 million shares at June 30, 2019 and December 31, 2018, respectively, at cost (423) (406)
Additional paid-in-capital 4,097 4,035
Accumulated deficit (4,129) (4,156)
Total stockholders’ deficit (454) (526)
Non-controlling interest 2,477 2,455
Total equity 2,023 1,929
Total liabilities and equity $ 34,572 $ 31,987