Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net earnings (loss) $ (2,532) $ 421 $ 1,254
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 481 537 562
Impairment of intangible assets 3,081 363  
Stock-based compensation 60 72 64
Noncash interest expense 10 10 7
Share of (earnings) losses of affiliates, net 1 94 156
Realized and unrealized (gains) losses on financial instruments, net (41) (99) 110
(Gains) losses on sale leaseback transactions (520)    
(Gains) losses on transactions, net   (10) (224)
Gain on insurance proceeds, net of fire related costs (132)    
(Gains) losses on extinguishment of debt (8) 1 40
Deferred income tax expense (benefit) 12 (4) (348)
Insurance proceeds received for inventory and operating losses 96 100  
Other noncash charges (credits), net (45) 22 8
Changes in operating assets and liabilities      
Decrease (increase) in accounts receivable 124 27 232
Decrease (increase) in inventory 254 (440) 133
Decrease (increase) in prepaid expenses and other assets 102 76 39
(Decrease) increase in trade accounts payable (446) 147 185
(Decrease) increase in accrued and other liabilities (303) (92) 237
Net cash provided (used) by operating activities 194 1,225 2,455
Cash flows from investing activities:      
Cash proceeds from dispositions of investments 13 81 271
Investment in and loans to cost and equity investees (7) (202) (119)
Capital expenditures (268) (244) (257)
Expenditures for television distribution rights (45) (187) (56)
Insurance proceeds for fixed assets 184    
Proceeds from sale of fixed assets 704 54  
Other investing activities, net 20 (3)  
Net cash provided (used) by investing activities 601 (501) (161)
Cash flows from financing activities:      
Borrowings of debt 3,029 1,037 1,300
Repayments of debt (3,008) (594) (2,079)
Repurchases of Qurate Retail common stock   (365) (70)
Withholding taxes on net share settlements of stock-based compensation (7) (29) (7)
Payments for issuances of financial instruments   (694) (69)
Proceeds from settlements of financial instruments   311 79
Dividends paid to noncontrolling interest (68) (60) (62)
Dividends paid to common shareholders (12) (503) (1,251)
Other financing activities, net (6) (17) (22)
Net cash provided (used) by financing activities (72) (914) (2,181)
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash (34) (28) 20
Net increase (decrease) in cash, cash equivalents and restricted cash 689 (218) 133
Cash, cash equivalents and restricted cash at beginning of period 596 814 681
Cash, cash equivalents and restricted cash at end of period $ 1,285 $ 596 $ 814