Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net income $ 337 $ 600
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 144 109
Share-based compensation expense 28 28
Non-cash interest expense 33 15
Amortization of debt issuance costs, deferred commitment fees, premium and discount 18 17
Amortization of operating lease assets 79 0
Total gains on derivatives, net (122) (31)
Net cash provided by (used for) settlement of derivative instruments 16 (4)
Impairment expense and loss on disposal of assets 2 0
Other 0 (10)
Changes in operating assets and liabilities:    
Accounts and other receivables 98 (237)
Accounts receivable—related party 1 0
Inventory 44 120
Accounts payable and accrued liabilities (151) (156)
Accrued liabilities—related party 5 0
Deferred revenue (31) 8
Operating lease liabilities (85) 0
Finance lease liabilities 1 0
Other, net (5) 10
Net cash provided by operating activities 412 469
Cash flows from investing activities    
Property, plant and equipment, net (625) (776)
Investment in equity method investment (24) 0
Other (2) 0
Net cash used in investing activities (651) (776)
Cash flows from financing activities    
Proceeds from issuances of debt 692 266
Repayments of debt (441) 0
Debt issuance and deferred financing costs 0 (1)
Distributions and dividends to non-controlling interest (144) (143)
Payments related to tax withholdings for share-based compensation (12) (6)
Other (1) 0
Net cash provided by financing activities 94 116
Net decrease in cash, cash equivalents and restricted cash (145) (191)
Cash, cash equivalents and restricted cash—beginning of period 3,156 2,613
Cash, cash equivalents and restricted cash—end of period $ 3,011 $ 2,422