v3.22.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net earnings (loss) $ 234 $ 474
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation and amortization 264 257
Stock-based compensation 31 35
Share of (earnings) losses of affiliates, net 1 54
Realized and unrealized (gains) losses on financial instruments, net (37) (60)
(Gain) loss on sale of fixed assets, net (243)  
Deferred income tax expense (benefit) 56 (10)
Other, net (5) 7
Changes in operating assets and liabilities    
Decrease (increase) in accounts receivable 420 429
Decrease (increase) in inventory (139) (133)
Decrease (increase) in prepaid expenses and other assets 41 64
(Decrease) increase in trade accounts payable (364) (136)
(Decrease) increase in accrued and other liabilities (317) (279)
Net cash provided (used) by operating activities (58) 702
Cash flows from investing activities:    
Investments in and loans to cost and equity investees (7) (139)
Capital expenditures (101) (110)
Expenditures for television distribution rights (15) (170)
Cash proceeds from dispositions of investments 12 2
Proceeds from sale of fixed assets 256 40
Insurance proceeds 70  
Other investing activities, net 22 (2)
Net cash provided (used) by investing activities 237 (379)
Cash flows from financing activities:    
Borrowings of debt 1,355 302
Repayments of debt (1,466) (230)
Repurchases of Qurate Retail common stock   (105)
Withholding taxes on net share settlements of stock-based compensation (8) (24)
Derivative payments to counterparties   (81)
Derivative proceeds from counterparties   24
Dividends paid to noncontrolling interest (27) (31)
Dividends paid to common shareholders (10) (13)
Other financing activities, net (10) (6)
Net cash provided (used) by financing activities (166) (164)
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash (39) (15)
Net increase (decrease) in cash, cash equivalents and restricted cash (26) 144
Cash, cash equivalents and restricted cash at beginning of period 596 814
Cash, cash equivalents and restricted cash at end of period $ 570 $ 958

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