v3.7.0.1
Consolidated Condensed Statements of Cash Flows
$ in Millions
 6 Months Ended
Jun. 30, 2017
USD ($)
Jun. 30, 2016
USD ($)
Long-term Debt $ 11,741  
Cash flows from operating activities:    
Net loss (264) $ (218)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization(1) 510 [1] 459 [1]
Debt extinguishment costs 7 15
Income taxes 10 11
Gain on sale of assets, net (27) 0
Mark-to-market activity, net 26 [2] 130 [2]
(Income) from unconsolidated subsidiaries (10) (10)
Return on investments from unconsolidated subsidiaries 16 18
Stock-based compensation expense 20 17
Other (6) (1)
Change in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable (39) (78)
Derivative instruments, net (19) (69)
Other assets 17 (116)
Accounts payable and accrued expenses (22) (85)
Other liabilities 27 52
Net cash provided by operating activities 246 125
Cash flows from investing activities:    
Purchases of property, plant and equipment (187) (223)
Proceeds from sale of Osprey Energy Center 162 0
Decrease in restricted cash 56 60
Other 29 13
Net cash used in investing activities (51) (676)
Cash flows from financing activities:    
Borrowings under First Lien Term Loans 396 556
Repayment of CCFC Term Loans and First Lien Term Loans (173) (1,209)
Repurchase of First Lien Notes (453) 0
Proceeds from Lines of Credit 0 625
Repayments of project financing, notes payable and other (68) (81)
Distribution to noncontrolling interest holder (7) 0
Financing costs (9) (26)
Shares repurchased for tax withholding on stock-based awards (6) (5)
Other 1 0
Net cash used in financing activities (319) (140)
Net decrease in cash and cash equivalents (124) (691)
Cash and cash equivalents, beginning of period 418 906
Cash and cash equivalents, end of period 294 215
Cash paid during the period for:    
Interest, net of amounts capitalized 296 289
Income taxes 8 8
Supplemental disclosure of non-cash investing and financing activities:    
Increase Decrease In Capital Expenditures Incurred But Not Yet Paid (4) 24
Purchase of King City Cogen Plant Lease 15 [3] 0 [3]
Granite Ridge Energy Center [Member]    
Cash flows from investing activities:    
Payments to Acquire Businesses, Net of Cash Acquired 0 (526)
North American Power [Member]    
Cash flows from investing activities:    
Payments to Acquire Businesses, Net of Cash Acquired (111) $ 0
King City Cogen Promissory Note [Member]    
Long-term Debt $ 57  
[1] Includes amortization recorded in Commodity revenue and Commodity expense associated with intangible assets and amortization recorded in interest expense associated with debt issuance costs and discounts.
[2] In addition to changes in market value on derivatives not designated as hedges, changes in mark-to-market gain (loss) also includes hedge ineffectiveness and adjustments to reflect changes in credit default risk exposure.
[3] On April 3, 2017, we completed the purchase of the King City Cogeneration Plant lease in exchange for a three-year promissory note with a discounted value of $57 million. We recorded a net increase to property, plant and equipment, net on our Consolidated Condensed Balance Sheet of $15 million due to the increased value of the promissory note as compared to the carrying value of the lease.