v3.22.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net earnings (loss) $ 13 $ 224
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation and amortization 130 128
Stock-based compensation 15 16
Share of (earnings) losses of affiliates, net 1 32
Realized and unrealized (gains) losses on financial instruments, net (30) (41)
Deferred income tax expense (benefit) 29 2
Other, net (25) 6
Changes in operating assets and liabilities    
Decrease (increase) in accounts receivable 365 382
Decrease (increase) in inventory (155) (81)
Decrease (increase) in prepaid expenses and other assets 8 32
(Decrease) increase in trade accounts payable (211) (165)
(Decrease) increase in accrued and other liabilities (319) (382)
Net cash provided (used) by operating activities (179) 153
Cash flows from investing activities:    
Investments in and loans to cost and equity investees (7) (118)
Capital expenditures (43) (47)
Expenditures for television distribution rights (2) (56)
Cash proceeds from dispositions of investments 12 2
Proceeds from sale of fixed assets   40
Other investing activities, net 24 (1)
Net cash provided (used) by investing activities (16) (180)
Cash flows from financing activities:    
Borrowings of debt 460 265
Repayments of debt (195) (194)
Repurchases of Qurate Retail common stock   (41)
Withholding taxes on net share settlements of stock-based compensation (7) (21)
Dividends paid to noncontrolling interest (14) (16)
Dividends paid to common shareholders (10) (13)
Other financing activities, net (5) (3)
Net cash provided (used) by financing activities 229 (23)
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash (13) (17)
Net increase (decrease) in cash, cash equivalents and restricted cash 21 (67)
Cash, cash equivalents and restricted cash at beginning of period 596 814
Cash, cash equivalents and restricted cash at end of period $ 617 $ 747

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