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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating Activities:    
Net loss $ (387) $ (1,226)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 213 225
Loss (gain) on sales of assets, net 5 (62)
Impairment and casualty loss, net 7 696
Equity in losses from investments in affiliates 6 16
Other loss, net 7 6
Share-based compensation expense 15 10
Amortization of deferred financing costs 9 6
Distributions from unconsolidated affiliates 0 5
Deferred Income Taxes (1) 2
Changes in operating assets and liabilities 31 48
Net cash used in operating activities (95) (274)
Investing Activities:    
Capital expenditures for property and equipment (28) (70)
Proceeds from asset dispositions, net 454 207
Contributions to unconsolidated affiliates (5) (2)
Insurance proceeds for property damage claims 4 1
Net cash provided by investing activities 425 136
Financing Activities:    
Borrowings from credit facilities 0 1,000
Repayments of credit facilities (1,193) (1,099)
Proceeds from issuance of Senior Secured Note 750 1,376
Proceeds from Issuance of Mortgage Debt 14 0
Repayments of mortgage debt (18) (4)
Debt issuance costs (15) (39)
Dividends paid 0 (241)
Distributions to noncontrolling interests, net (2) (1)
Tax withholdings on share-based compensation (5) (5)
Repurchase of common stock 0 (66)
Net cash (used in) provided by financing activities (469) 921
Net (decrease) increase in cash and cash equivalents and restricted cash (139) 783
Cash and cash equivalents and restricted cash, beginning of period 981 386
Cash and cash equivalents and restricted cash, end of period $ 842 $ 1,169