Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows from operating activities:    
Net earnings (loss) $ 397 $ 519
Adjustments to reconcile net earnings to net cash provided by operating activities:    
(Earnings) loss from discontinued operations (141) (331)
Depreciation and amortization 163 208
Stock-based compensation 23 16
Share of (earnings) of affiliates, net 14 27
Cash receipts from returns on equity investments   7
Realized and unrealized gains (losses) on financial instruments, net (99) (175)
Deferred income tax expense (benefit) (7) 60
Other, net 3 3
Changes in operating assets and liabilities    
Current and other assets 22 254
Payables and other current liabilities (87) (162)
Net cash provided (used) by operating activities 288 426
Cash flows from investing activities:    
Investments in and loans to cost and equity investees (22) (21)
Capital expended for property and equipment (47) (30)
Other investing activities, net (20) (1)
Net cash used by investing activities (89) (52)
Cash flows from financing activities:    
Borrowings of debt 2,026 499
Repayments of debt (1,354) (704)
GCI Liberty Split-Off (475)  
Repurchases of QVC Group common stock (217) (152)
Withholding taxes on net share settlements of stock-based compensation (19) (4)
Other financing activities, net (22) (26)
Net cash provided (used) by financing activities (61) (387)
Effect of foreign currency exchange rates on cash 13 9
Effect of Exchange Rate on Cash and Cash Equivalents, Total 151 (4)
Cash, cash equivalents, restricted cash at beginning of period 912 836
Cash, cash equivalents, restricted cash at end of period $ 1,063 $ 832