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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net income $ 15,877 $ 15,107 $ 4,925
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 14,802 14,336 13,821
Goodwill and long-lived asset impairments 0 0 8,583
Share-based compensation 1,288 1,241 1,336
Noncash interest expense (income), net 464 316 309
Net (gain) loss on investment activity and other 1,088 (768) 1,177
Deferred income taxes (902) (2,739) (834)
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:      
Current and noncurrent receivables, net 136 (996) (1,327)
Film and television costs, net 290 (260) (451)
Accounts payable and accrued expenses related to trade creditors (758) (520) 497
Other operating assets and liabilities (4,611) 2,784 (1,623)
Net cash provided by operating activities 27,673 28,501 26,413
Investing Activities      
Capital expenditures (12,181) (12,242) (10,626)
Cash paid for intangible assets (2,949) (3,298) (3,141)
Construction of Universal Beijing Resort (116) (137) (330)
Proceeds from sales of businesses and investments 771 661 1,985
Advance on sale of investment 0 8,610 0
Purchases of investments (1,082) (1,313) (2,274)
Other (113) 558 246
Net cash provided by (used in) investing activities (15,670) (7,161) (14,140)
Financing Activities      
Proceeds from (repayments of) short-term borrowings, net 0 (660) 660
Proceeds from borrowings 6,268 6,052 2,745
Repurchases and repayments of debt (3,573) (4,015) (2,307)
Repayment of collateralized obligation 0 (5,175) 0
Repurchases of common stock under repurchase program and employee plans (9,103) (11,291) (13,328)
Dividends paid (4,814) (4,766) (4,741)
Other 339 5 786
Net cash provided by (used in) financing activities (10,883) (19,850) (16,184)
Impact of foreign currency on cash, cash equivalents and restricted cash (26) 9 (86)
Increase (decrease) in cash, cash equivalents and restricted cash 1,095 1,500 (3,997)
Cash, cash equivalents and restricted cash, beginning of year 6,282 4,782 8,778
Cash, cash equivalents and restricted cash, end of year $ 7,377 $ 6,282 $ 4,782