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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Millions
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Cash flows from operating activities from continuing operations:      
Net loss from continuing operations $ (1,541) $ (1,469) $ (1,900)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 1,036 1,041 997
Amortization of leasehold interests in land 55 56 55
Amortization of deferred financing costs and original issue discount 57 52 43
Change in fair value of derivative asset/liability 1 (1) 0
Paid-in-kind interest income (15) 0 0
Loss on modification or early retirement of debt 0 137 0
Loss on disposal or impairment of assets 7 16 39
Stock-based compensation expense 39 22 22
Provision for credit losses 15 3 86
Foreign exchange (gain) loss (10) 34 (20)
Deferred income taxes (2) (45) 24
Income tax impact related to gain on sale of Las Vegas Operations (750) 0 0
Changes in operating assets and liabilities:      
Accounts receivable (78) 43 339
Other assets 2 (5) 14
Accounts payable 11 (11) (42)
Other liabilities 229 (116) (848)
Net cash used in operating activities from continuing operations (944) (243) (1,191)
Cash flows from investing activities from continuing operations:      
Capital expenditures (651) (828) (1,227)
Proceeds from disposal of property and equipment 9 7 1
Acquisition of intangible assets and other (129) (11) 0
Proceeds from loan receivable 50 0 0
Net cash used in investing activities from continuing operations (721) (832) (1,226)
Cash flows from financing activities from continuing operations:      
Proceeds from exercise of stock options 0 19 24
Tax withholding on vesting of equity awards (1) 0 0
Dividends paid and noncontrolling interest payments 0 0 (911)
Proceeds from long-term debt 1,200 2,702 1,945
Repayments of long-term debt (66) (1,867) (467)
Payments of financing costs (11) (38) (31)
Make-whole premium on early extinguishment of debt 0 (131) 0
Transactions with discontinued operations 5,032 178 (205)
Net cash generated from financing activities from continuing operations 6,154 863 355
Cash flows from discontinued operations:      
Net cash generated from (used in) operating activities 149 258 (121)
Net cash generated from (used in) investing activities 4,883 (63) (103)
Net cash provided (to) by continuing operations and (used in) financing activities (5,032) (179) 205
Net cash generated from (used in) discontinued operations 0 16 (19)
Effect of exchange rate on cash, cash equivalents and restricted cash and cash equivalents 22 (16) (24)
Increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents 4,511 (212) (2,105)
Cash, cash equivalents and restricted cash and cash equivalents at beginning of year 1,925 2,137 4,242
Cash, cash equivalents and restricted cash and cash equivalents at end of year 6,436 1,925 2,137
Less: cash and cash equivalents at end of period for discontinued operations 0 (55) (39)
Cash, cash equivalents and restricted cash and cash equivalents at end of period for continuing operations $ 6,436 $ 1,870 $ 2,098