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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net income $ 167 $ 142
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, amortization and accretion 13 13
Amortization of contract assets - related parties 4 0
Impairment charge 3 0
Allowance oil reduction to net realizable value 0 8
Undistributed equity earnings (5) 0
Changes in operating assets and liabilities    
Accounts receivable (4) (3)
Allowance oil (5) 0
Prepaid expenses and other assets 8 3
Accounts payable (5) (3)
Deferred revenue and other unearned income 0 2
Accrued liabilities (10) 0
Net cash provided by operating activities 166 162
Cash flows from investing activities    
Capital expenditures (1) (7)
Contributions to investment (2) 0
Return of investment 12 14
Net cash provided by investing activities 9 7
Cash flows from financing activities    
Distributions to noncontrolling interests (4) (5)
Distributions to unitholders and general partner (173) (162)
Prepayment fee on credit facility (2) 0
Receipt of principal payments on financing receivables 1 0
Net cash used in financing activities (178) (167)
Net increase in cash and cash equivalents (3) 2
Cash and cash equivalents at beginning of the period 320 290
Cash and cash equivalents at end of the period 317 292
Non-cash investing and financing transactions:    
Change in accrued capital expenditures $ 1 $ (4)