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, 2023
Dec. 31, 2022
Dec. 31, 2021
Net income (loss) $ 211 $ (1,810) $ 851
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Equity in losses of investee 0 0 2
Deferred Income Tax Expense (Benefit) 55 (61) (82)
Foreign currency gain (loss) (10) (32) 9
Depreciation 90 111 159
Amortization 282 290 270
Goodwill and Intangible Asset Impairment 326 2,600 0
Other Noncash Income (Expense) 9 9 (8)
non-cash charges 61 (57) (23)
Gain (loss) on extinguishment of debt (10) 6 7
Stock-based compensation 37 36 44
Sale and Leaseback Transaction, Gain (Loss), Net (113) (520) 0
Unusual or Infrequent Item, or Both, Gain, Gross (225) (132) 0
Insurance proceeds received for operating expenses and business interruption losses 226 96 100
Increase (Decrease) in Accounts Receivable 38 144 71
Increase (Decrease) in Inventories 184 296 (388)
Increase (Decrease) in Prepaid Expense (14) 32 22
Increase (Decrease) in Accounts Payable, Trade (1) (390) 156
Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities (72) (323) (67)
Net Cash Provided by (Used in) Operating Activities 1,094 409 1,169
Investing activities:      
Capital Expenditures, Net (182) (216) (210)
Payments for Cable and Satellite Television Distribution Rights 113 45 187
Proceeds from Insurance Settlement, Investing Activities 54 184 0
Repayment of Notes Receivable from Related Parties 0 0 85
Proceeds from Derivative Instrument, Investing Activities 167 0 0
Payments for Derivative Instrument, Investing Activities (179) 0 0
Increase (Decrease) in Deferred Charges, Investing (4) (6) (5)
Proceeds from Sale of Property, Plant, and Equipment 208 701 54
Proceeds from Sale of Other Investments 2 20 8
Net Cash Provided by (Used in) Investing Activities, Total (47) 638 (255)
Repayments of Debt and Lease Obligation 1,354 2,030 402
Proceeds from Long-term Lines of Credit 1,152 2,750 705
Repayments of Secured Debt (396) (536) 0
Payment for Debt Extinguishment or Debt Prepayment Cost 0 (6) 0
Payments of Debt Issuance Costs 0 0 6
Dividends paid to noncontrolling interest 53 68 60
Payments for Derivative Instrument, Financing Activities 0 0 (625)
Proceeds from Derivative Instrument, Financing Activities 0 0 311
Payment, Tax Withholding, Share-Based Payment Arrangement 0 (5) (17)
Net Cash Provided by (Used in) Financing Activities (1,088) (1,165) (1,057)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (4) (34) (28)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (45) (152) (171)
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period   367 519
Cash, Cash Equivalents, and Restricted Cash, End of Period 322 367 519
Supplemental Cash Flow Information [Abstract]      
Cash paid for taxes-to Qurate Retail Inc. 11 280 249
Cash paid for taxes-other 89 126 132
Cash paid for interest 271 233 249
Qurate      
Investing activities:      
Payments of Dividends $ (437) $ (1,270) $ (963)