Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.19.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income $ 339 $ 750
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 348 220
Share-based compensation expense 61 58
Non-cash interest expense 93 30
Amortization of debt issuance costs, deferred commitment fees, premium and discount 44 35
Amortization of operating lease assets 158 0
Loss on modification or extinguishment of debt 0 15
Total losses (gains) on derivatives, net (147) 4
Net cash provided by (used for) settlement of derivative instruments 62 (8)
Impairment expense and loss on disposal of assets 6 0
Other 2 (5)
Changes in operating assets and liabilities:    
Accounts and other receivables 59 80
Inventory 33 10
Other current assets (46) (61)
Accounts payable and accrued liabilities (80) (132)
Deferred revenue (2) (13)
Operating lease liabilities (163) 0
Other, net (7) (1)
Net cash provided by operating activities 760 982
Cash flows from investing activities    
Property, plant and equipment, net (1,508) (1,508)
Investment in equity method investment (34) 0
Other 0 16
Net cash used in investing activities (1,542) (1,492)
Cash flows from financing activities    
Proceeds from issuances of debt 2,021 1,799
Repayments of debt (630) (281)
Debt issuance and deferred financing costs (20) (46)
Debt extinguishment costs 0 (8)
Distributions and dividends to non-controlling interest (290) (288)
Payments related to tax withholdings for share-based compensation (14) (8)
Repurchase of common stock (3) 0
Other 2 0
Net cash provided by financing activities 1,066 1,168
Net increase in cash, cash equivalents and restricted cash 284 658
Cash, cash equivalents and restricted cash—beginning of period 3,156 2,613
Cash, cash equivalents and restricted cash—end of period $ 3,440 $ 3,271