v3.21.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net earnings (loss) $ 624 $ 577
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 396 427
Stock-based compensation 54 46
Share of (earnings) losses of affiliates, net 78 96
Realized and unrealized (gains) losses on financial instruments, net (101) 127
(Gains) losses on transactions, net   (224)
Deferred income tax expense (benefit) (35) 19
Other, net 15 52
Changes in operating assets and liabilities    
Decrease (increase) in accounts receivable 439 720
Decrease (increase) in inventory (453) (63)
Decrease (increase) in prepaid expenses and other assets 85 69
(Decrease) increase in trade accounts payable (48) 52
(Decrease) increase in accrued and other liabilities (339) (43)
Net cash provided (used) by operating activities 715 1,855
Cash flows from investing activities:    
Investments in and loans to cost and equity investees (177) (88)
Capital expenditures (169) (165)
Expenditures for television distribution rights (184) (41)
Cash proceeds from dispositions of investments 10 269
Proceeds from sale of fixed assets 40  
Other investing activities, net (3)  
Net cash provided (used) by investing activities (483) (25)
Cash flows from financing activities:    
Borrowings of debt 394 1,300
Repayments of debt (284) (2,077)
Repurchases of Qurate Retail common stock (216)  
Withholding taxes on net settlements of stock-based compensation (25) (3)
Payments for issuances of financial instruments (107) (25)
Proceeds from settlements of financial instruments 88 31
Dividends paid to noncontrolling interest (46) (46)
Dividends paid to common shareholders (14) (626)
Other financing activities, net (9) (18)
Net cash provided (used) by financing activities (219) (1,464)
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash (20) 5
Net increase (decrease) in cash, cash equivalents and restricted cash (7) 371
Cash, cash equivalents and restricted cash at beginning of period 814 681
Cash, cash equivalents and restricted cash at end of period $ 807 $ 1,052

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