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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities    
Net Loss $ (92) $ (42)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Equity in earnings of unconsolidated affiliates (12) (20)
Distributions from unconsolidated affiliates 13 15
Depreciation, amortization and accretion 326 307
Amortization of financing costs and debt discounts 7 7
Amortization of intangibles 88 91
Loss on debt extinguishment 0 3
Reduction in carrying amount of right-of-use assets 8 8
Changes in deferred income taxes 2 (1)
Changes in derivative instruments and amortization of accumulated OCI 22 49
Changes in other working capital (76) (140)
Net Cash Provided by Operating Activities 286 277
Cash Flows from Investing Activities    
Acquisitions (211) 0
Acquisition of Drop Down Assets, net of cash acquired (77) (671)
Capital expenditures (132) (202)
Return of investment from unconsolidated affiliates 10 35
Decrease in note receivable - affiliate 0 184
Other 12 7
Net Cash Used in Investing Activities (398) (647)
Cash Flows from Financing Activities    
Contributions from noncontrolling interests, net of distributions 380 1,399
Payments of dividends and distributions (176) (164)
Pro-rata distributions to CEG (7) 0
Proceeds from the revolving credit facility 112 0
Proceeds from the issuance of long-term debt 362 236
Payments of debt issuance costs (7) (4)
Payments for long-term debt (498) (1,577)
Other (1) (1)
Net Cash Provided by (Used in) Financing Activities 165 (111)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 53 (481)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 733 1,051
Cash, Cash Equivalents and Restricted Cash at End of Period $ 786 $ 570