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, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Net income $ 633 $ 687 $ 612
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in losses of investee 4 4 2
Deferred income taxes (108) (134) (116)
Foreign currency (gain) loss (1) (2) 2
Depreciation 127 126 135
Amortization of intangible assets 431 400 439
Change in fair value of financial instruments and noncash interest (6) (39) (42)
Loss on extinguishment of debt 57 0 0
Stock-based compensation 38 34 22
Change in other long-term liabilities 3 2 (1)
Effects of changes in working capital items (205) 128 (235)
Net cash provided by operating activities 973 1,206 818
Investing activities:      
Capital expenditures, net (211) (246) (259)
Expenditures for cable and satellite television distribution rights, net (58) (2) (2)
Cash paid for joint ventures and acquisitions of businesses, net of cash received 0 (95) 0
Decrease in restricted cash 1 2 1
Changes in other noncurrent assets (2) (3) 4
Net cash used in investing activities (270) (344) (256)
Financing activities:      
Principal payments of debt and capital lease obligations (2,387) (1,246) (837)
Principal borrowings of debt from senior secured credit facility 1,674 1,717 465
Proceeds from issuance of senior secured notes, net of original issue discount 1,050 500 0
Payment of debt origination fees (16) (7) 0
Payment of bond premium fees (46) 0 0
Other financing activities 12 20 0
Dividends paid to Liberty (1,005) (1,817) (205)
Dividends paid to noncontrolling interest (45) (29) (50)
Net cash used in financing activities (763) (862) (627)
Effect of foreign exchange rate changes on cash and cash equivalents (23) (20) 4
Net increase (decrease) in cash and cash equivalents (83) (20) (61)
Cash and cash equivalents, beginning of period 540 560 621
Cash and cash equivalents, end of period 457 540 560
Effects of changes in working capital items:      
Increase in accounts receivable (63) (50) (167)
(Increase) decrease in inventories (14) 2 29
(Increase) decrease in prepaid expenses (1) 3 (1)
(Decrease) increase in accounts payable‑trade (134) 88 (29)
Increase (decrease) in accrued liabilities and other 7 85 (67)
Effects of changes in working capital items (205) 128 (235)
Supplemental cash flow information:      
Cash paid for taxes-to Liberty 385 338 358
Cash paid for taxes-other 156 128 145
Cash paid for interest $ 206 $ 215 $ 231