v3.19.2
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ 450 $ (238)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization(1) [1] 398 443
Deferred income taxes 16 36
Impairment losses 55 0
Mark-to-market activity, net [2] (231) 180
(Income) from unconsolidated subsidiaries (11) (11)
Return on investments from unconsolidated subsidiaries 11 5
Stock-based compensation expense 0 57
Other (3) 9
Change in operating assets and liabilities:    
Accounts receivable 215 (8)
Accounts payable (269) (11)
Margin deposits and other prepaid expense 40 (90)
Other assets and liabilities, net (61) (242)
Derivative instruments, net (91) (74)
Net cash provided by operating activities 519 56
Cash flows from investing activities:    
Purchases of property, plant and equipment (304) (231)
Other (11) (3)
Net cash used in investing activities (315) (234)
Cash flows from financing activities:    
Borrowings under First Lien Term Loans 941 0
Repayment of CCFC Term Loan and First Lien Term Loans (942) (21)
Repurchases of Senior Unsecured Notes (44) 0
Borrowings under Corporate Revolving Facility 220 475
Repayments of Corporate Revolving Facility (175) (200)
Borrowings from project financing, notes payable and other 34 0
Repayments of project financing, notes payable and other (77) (66)
Distribution to noncontrolling interest holder 0 (3)
Financing costs (8) (12)
Stock repurchases 0 (79)
Shares repurchased for tax withholding on stock-based awards 0 (7)
Dividends paid(2) [3] 0 (18)
Net cash (used in) provided by financing activities (51) 69
Net increase (decrease) in cash, cash equivalents and restricted cash 153 (109)
Cash, cash equivalents and restricted cash, beginning of period 406 443
Cash, cash equivalents and restricted cash, end of period(3) [4] 559 334
Cash paid during the period for:    
Interest, net of amounts capitalized 283 284
Income taxes 8 10
Supplemental disclosure of non-cash investing and financing activities:    
Change in capital expenditures included in account payable 19 (14)
Plant tax settlement offset in prepaid assets (4) 0
Asset retirement obligation adjustment offset in operating activities (10) 0
Current Assets Held for Sale [Member]    
Supplemental disclosure of non-cash investing and financing activities:    
Current assets (liabilities) held for sale (335) 0
Current Liabilities Held for Sale [Member]    
Supplemental disclosure of non-cash investing and financing activities:    
Current assets (liabilities) 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.