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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
NET INCOME $ 5,868 $ 6,687 $ 140
Reconciliation of net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 4,164 3,817 3,678
Deferred Income Tax Expense (Benefit) 187 141 210
Inventory valuation adjustments (5) (190) 82
Non-cash compensation expense 115 111 121
Impairment losses and other 386 21 2,880
Impairment of investment in unconsolidated affiliates 0 0 129
Losses on extinguishments of debt 0 38 75
Distributions on unvested awards 73 47 41
Distributions from unconsolidated affiliates 232 212 220
Equity in earnings of unconsolidated affiliates (257) (246) (119)
Other non-cash 64 (103) 61
Net change in operating assets and liabilities, net of effects of acquisitions (1,502) 515 47
Net cash provided by operating activities 9,051 11,162 7,361
INVESTING ACTIVITIES:      
Cash paid for acquisitions, net of cash received (1,141) (205) 0
Capital expenditures, excluding allowance for equity funds used during construction (3,381) (2,822) (5,130)
Contributions in aid of construction costs 56 43 67
Contributions to unconsolidated affiliates 0 (4) (38)
Distributions from unconsolidated affiliates in excess of cumulative earnings 62 167 187
Proceeds from Sale of Equity Method Investments 302 0 0
Proceeds from sales of other assets 78 45 19
Other 2 1 (3)
Net cash used in investing activities (4,022) (2,775) (4,898)
FINANCING ACTIVITIES:      
Proceeds from borrowings 28,838 21,267 24,440
Repayments of debt (29,681) (27,318) (24,133)
Preferred units issued for cash 0 889 0
Subsidiary units issued for cash 0 0 1,580
Distributions to partners (3,047) (1,898) (2,802)
Distributions to noncontrolling interests (1,547) (1,487) (1,651)
Distributions to redeemable noncontrolling interests 49 49 49
Common units repurchased under buyback program 0 (31) 0
Debt issuance costs (27) (14) (59)
Capital contributions from noncontrolling interests 405 226 222
Other, net 0 (3) 65
Net cash used in financing activities (5,108) (8,418) (2,387)
Increase (decrease) in cash and cash equivalents (79) (31) 76
Cash and cash equivalents, beginning of period 336 367 291
Cash and cash equivalents, end of period $ 257 $ 336 $ 367