v3.8.0.1
Consolidated Condensed Statements of Cash Flows
$ in Millions
 9 Months Ended
Sep. 30, 2017
USD ($)
Sep. 30, 2016
USD ($)
Long-term Debt $ 11,484  
Cash flows from operating activities:    
Net income (loss) (33) $ 83
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization(1) 691 [1] 659 [1]
Debt extinguishment costs 8 15
Income taxes 12 15
Impairment losses 41 13
Gain on sale of assets, net (27) 0
Mark-to-market activity, net (40) [2] 21 [2]
(Income) from unconsolidated subsidiaries (17) (16)
Return on investments from unconsolidated subsidiaries 22 19
Stock-based compensation expense 31 23
Other (4) 1
Change in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable (86) (168)
Derivative instruments, net (10) (154)
Other assets 60 1
Accounts payable and accrued expenses 95 53
Other liabilities 64 102
Net cash provided by operating activities 807 667
Cash flows from investing activities:    
Purchases of property, plant and equipment (248) (337)
Proceeds from sale of Osprey Energy Center 162 0
(Increase) decrease in restricted cash (33) 2
Other 35 20
Net cash used in investing activities (195) (841)
Cash flows from financing activities:    
Borrowings under First Lien Term Loans 396 556
Repayment of CCFC Term Loans and First Lien Term Loans (435) (1,220)
Repurchase of First Lien Notes (453) 0
Proceeds from Lines of Credit 0 625
Repayments of project financing, notes payable and other (90) (98)
Distribution to noncontrolling interest holder (8) 0
Financing costs (9) (27)
Shares repurchased for tax withholding on stock-based awards (6) (5)
Other 1 (2)
Net cash used in financing activities (604) (171)
Net increase (decrease) in cash and cash equivalents 8 (345)
Cash and cash equivalents, beginning of period 418 906
Cash and cash equivalents, end of period 426 561
Cash paid during the period for:    
Interest, net of amounts capitalized 412 421
Income taxes 10 10
Supplemental disclosure of non-cash investing and financing activities:    
Increase Decrease In Capital Expenditures Incurred But Not Yet Paid 14 (4)
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.