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
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net income $ 600 $ 172
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 109 70
Share-based compensation expense 28 24
Non-cash interest expense 15 20
Amortization of debt issuance costs, deferred commitment fees, premium and discount 17 17
Loss on early extinguishment of debt 0 42
Total losses (gains) on derivatives, net (31) 44
Net cash used for settlement of derivative instruments (4) (29)
Other (10) 0
Changes in operating assets and liabilities:    
Accounts and other receivables (237) (6)
Inventory 120 54
Accounts payable and accrued liabilities (156) (76)
Deferred revenue 8 (11)
Other, net 10 (12)
Net cash provided by operating activities 469 309
Cash flows from investing activities    
Property, plant and equipment, net (776) (1,319)
Other 0 29
Net cash used in investing activities (776) (1,290)
Cash flows from financing activities    
Proceeds from issuances of debt 266 2,862
Repayments of debt 0 (703)
Debt issuance and deferred financing costs (1) (43)
Distributions and dividends to non-controlling interest (143) (20)
Payments related to tax withholdings for share-based compensation (6) (1)
Net cash provided by financing activities 116 2,095
Net increase (decrease) in cash, cash equivalents and restricted cash (191) 1,114
Cash, cash equivalents and restricted cash—beginning of period 2,613 1,827
Cash, cash equivalents and restricted cash—end of period $ 2,422 $ 2,941