v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net earnings (loss) $ (94) $ (2,532) $ 421
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 407 481 537
Impairment of intangible assets 326 3,081 363
Stock-based compensation 53 60 72
Noncash interest expense 9 10 10
Realized and unrealized (gains) losses on financial instruments, net 61 (55) (98)
Gains on sale of assets and sale leaseback transactions (113) (520)  
Gain on insurance proceeds, net of fire related costs (225) (132)  
Deferred income tax expense (benefit) 80 12 (4)
Insurance proceeds received for inventory, operating expenses and business interruption losses 226 96 100
Loss on disposition of Zulily, net 64    
Other noncash charges (credits), net 15 (38) 106
Changes in operating assets and liabilities      
Decrease (increase) in accounts receivable 36 124 27
Decrease (increase) in inventory 257 254 (440)
Decrease (increase) in prepaid expenses and other assets 68 102 76
(Decrease) increase in trade accounts payable (34) (446) 147
(Decrease) increase in accrued and other liabilities (217) (303) (92)
Net cash provided (used) by operating activities 919 194 1,225
Cash flows from investing activities:      
Cash proceeds from dispositions of investments 71 13 81
Investment in and loans to cost and equity investees   (7) (202)
Capital expenditures (230) (268) (244)
Cash paid for disposal of Zulily (41)    
Expenditures for television distribution rights (113) (45) (187)
Insurance proceeds received for fixed asset loss 54 184  
Proceeds from sale of fixed assets 208 704 54
Payments for settlements of financial instruments (179)    
Proceeds from settlements of financial instruments 167    
Other investing activities, net 9 20 (3)
Net cash provided (used) by investing activities (54) 601 (501)
Cash flows from financing activities:      
Borrowings of debt 1,267 3,029 1,037
Repayments of debt (2,258) (3,008) (594)
Repurchases of Qurate Retail common stock     (365)
Withholding taxes on net share settlements of stock-based compensation (1) (7) (29)
Payments for issuances of financial instruments     (694)
Proceeds from settlements of financial instruments     311
Dividends paid to noncontrolling interest (53) (68) (60)
Dividends paid to common shareholders (8) (12) (503)
Indemnification agreement settlement 45    
Other financing activities, net (2) (6) (17)
Net cash provided (used) by financing activities (1,010) (72) (914)
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash (4) (34) (28)
Net increase (decrease) in cash, cash equivalents and restricted cash (149) 689 (218)
Cash, cash equivalents and restricted cash at beginning of period 1,285 596 814
Cash, cash equivalents and restricted cash at end of period $ 1,136 $ 1,285 $ 596

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