v3.20.1
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 130 $ 180
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization [1] 184 199
Gain on extinguishment of debt 0 (4)
Deferred income taxes 44 7
Mark-to-market activity, net [2] (177) (45)
(Income) from unconsolidated subsidiaries 0 (6)
Return on investments from unconsolidated subsidiaries 0 11
Other 4 19
Change in operating assets and liabilities:    
Accounts receivable 158 228
Accounts payable (139) (229)
Margin deposits and other prepaid expense 30 (65)
Other assets and liabilities, net (97) 27
Derivative instruments, net 76 (81)
Net cash provided by operating activities 213 241
Cash flows from investing activities:    
Purchases of property, plant and equipment (135) (143)
Other 9 (9)
Net cash used in investing activities (126) (152)
Cash flows from financing activities:    
Repayment of CCFC Term Loan and First Lien Term Loans (11) (10)
Repayments of First Lien Notes (429) 0
Repayments of Senior Unsecured Notes (623) (44)
Borrowings under revolving facilities 450 170
Repayments of revolving facilities 0 (50)
Repayments of project financing, notes payable and other (45) (43)
Financing costs (17) 0
Acquisition of noncontrolling interest (Note 3) [3] (49) 0
Other (2) 0
Net cash provided by (used in) financing activities (726) 23
Net increase (decrease) in cash, cash equivalents and restricted cash (639) 112
Cash, cash equivalents and restricted cash, beginning of period 1,476 406
Cash, cash equivalents and restricted cash, end of period [4] 837 518
Cash paid during the period for:    
Interest, net of amounts capitalized 89 115
Income taxes 1 0
Supplemental disclosure of non-cash investing and financing activities:    
Change in capital expenditures included in accounts payable and other current liabilities 16 13
Plant tax settlement offset in prepaid assets 0 (4)
Asset retirement obligation adjustment offset in operating activities 0 (13)
Other Current Assets    
Supplemental disclosure of non-cash investing and financing activities:    
Transfer of Portfolio Loans and Leases to Held-for-sale 0 (363)
Other Current Liabilities    
Supplemental disclosure of non-cash investing and financing activities:    
Transfer of Portfolio Loans and Leases to Held-for-sale $ 0 $ (22)
[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] On January 28, 2020, we completed the acquisition of the 25% noncontrolling interest of Russell City Energy Company, LLC for approximately $49 million.
[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.