v3.19.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income (loss) $ 180 $ (594)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization(1) [1] 199 223
Gain on extinguishment of debt (4) 0
Deferred income taxes 7 69
Mark-to-market activity, net [2] (45) 369
(Income) from unconsolidated subsidiaries (6) (6)
Return on investments from unconsolidated subsidiaries 11 3
Stock-based compensation expense 0 57
Other 19 6
Change in operating assets and liabilities:    
Accounts receivable 228 164
Accounts payable (229) (77)
Margin deposits and other prepaid expense (65) (72)
Other assets and liabilities, net 27 (107)
Derivative instruments, net (81) (150)
Net cash provided by (used in) operating activities 241 (115)
Cash flows from investing activities:    
Purchases of property, plant and equipment (143) (114)
Other (9) (1)
Net cash used in investing activities (152) (115)
Cash flows from financing activities:    
Repayment of CCFC Term Loan and First Lien Term Loans (10) (10)
Repurchases of Senior Unsecured Notes (44) 0
Borrowings under Corporate Revolving Facility 170 325
Repayments of Corporate Revolving Facility (50) 0
Repayments of project financing, notes payable and other (43) (43)
Distribution to noncontrolling interest holder 0 (2)
Financing costs 0 (6)
Stock repurchases 0 (79)
Shares repurchased for tax withholding on stock-based awards 0 (7)
Dividends paid(2) [3] 0 (20)
Net cash provided by financing activities 23 158
Net increase (decrease) in cash, cash equivalents and restricted cash 112 (72)
Cash, cash equivalents and restricted cash, beginning of period 406 443
Cash, cash equivalents and restricted cash, end of period(3) [4] 518 371
Cash paid during the period for:    
Interest, net of amounts capitalized 115 110
Income taxes 0 4
Supplemental disclosure of non-cash investing and financing activities:    
Change in capital expenditures included in account payable 13 (6)
Plant tax settlement offset in prepaid assets (4) 0
Asset retirement obligation adjustment offset in operating activities (13) 0
Other Current Assets [Member]    
Supplemental disclosure of non-cash investing and financing activities:    
Garrison Energy Center and RockGen Energy Center property, plant and equipment, net, classified as current assets held for sale (363) 0
Other Current Liabilities [Member]    
Supplemental disclosure of non-cash investing and financing activities:    
Garrison Energy Center and RockGen Energy Center property, plant and equipment, net, classified as current assets held for sale $ 22 $ 0
[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 adjustments to reflect changes in credit default risk exposure.
[3] Subsequent to the consummation of the Merger on March 8, 2018, we paid certain Merger-related costs incurred by CPN Management, our direct parent.
[4] Our cash and cash equivalents, restricted cash, current and restricted cash, net of current portion are stated as separate line items on our Consolidated Condensed Balance Sheets.