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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net income $ 423 $ 402
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, amortization and accretion 39 36
Amortization of contract assets - related parties 8 0
Loss from revision of asset retirement obligation 0 2
Allowance oil reduction to net realizable value 8 1
Non-cash interest expense 0 1
Undistributed equity earnings (6) (5)
Changes in operating assets and liabilities    
Accounts receivable (10) 4
Allowance oil (3) (1)
Prepaid expenses and other assets 6 14
Accounts payable 11 0
Deferred revenue and other unearned income 20 (11)
Accrued liabilities 7 15
Net cash provided by operating activities 503 458
Cash flows from investing activities    
Capital expenditures (17) (31)
Acquisitions from Parent 0 (90)
Contributions to investment 0 (13)
Return of investment 62 56
Net cash provided by (used in) investing activities 45 (78)
Cash flows from financing activities    
Payment of equity issuance costs (2) 0
Borrowings under credit facilities 0 600
Capital distributions to general partner 0 (510)
Distributions to noncontrolling interests (12) (13)
Distributions to unitholders and general partner (497) (379)
Other contributions from Parent 1 9
Receipt of principal payments on financing receivables 2 0
Repayment of principal on finance leases (1) (1)
Net cash used in financing activities (509) (294)
Net increase in cash and cash equivalents 39 86
Cash and cash equivalents at beginning of the period 290 208
Cash and cash equivalents at end of the period 329 294
Non-cash investing and financing transactions:    
Change in accrued capital expenditures $ 3 $ (2)