XML 19 R8.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash provided by (used in) operating activities    
Net income $ 251 $ 135
Adjustments to reconcile net income to operating cash flows:    
Depreciation and amortization 72 63
Deferred income taxes 56 (9)
Unrealized losses (gains) on derivatives 1 (9)
Stock compensation expense 4  
Change in assets and liabilities:    
Accounts receivable, net (275) 1
Other receivables   9
Related party receivables 3 (57)
Inventories 17 (56)
Accounts payable 34 (17)
Related party payables (23) (84)
Related party accrued interest payable (18) 121
Income taxes payable 2 50
Accrued and other current liabilities 28 1
Other assets and liabilities (5) (2)
Net cash provided by operating activities 147 146
Cash provided by (used in) investing activities    
Acquisition of property, plant and equipment (85) (74)
Advances to related parties   (170)
Repayments from related parties   151
Net cash used in investing activities (85) (93)
Cash provided by (used in) financing activities    
Proceeds from long-term debt, net of discounts 2,472  
Repayment of long-term debt (112)  
Repayments of RGHL Group Credit Agreement (8) (16)
Advances from related parties 240 67
Repayments to related parties (3,627) (140)
Deferred debt transaction costs (28) (2)
Proceeds from IPO settlement facility 1,168  
Repayment of IPO settlement facility (1,168)  
Issuance of common stock 1,410  
Equity issuance costs (69)  
Dividends paid (77)  
Net transfers (to) from Parent (14) 30
Net cash provided by (used in) financing activities 187 (61)
Net increase (decrease) in cash and cash equivalents 249 (8)
Cash and cash equivalents at beginning of period 102 23
Cash and cash equivalents at end of period $ 351 $ 15