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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities:    
Net income (loss) $ 138 $ (387)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 204 213
(Gain) loss on sales of assets, net (13) 5
Casualty and impairment loss, net 4 7
Equity in (earnings) losses from investments in affiliates (6) 6
Other (gain) loss, net (92) 7
Share-based compensation expense 13 15
Amortization of deferred financing costs 7 9
Distributions from unconsolidated affiliates 6 0
Deferred income taxes 0 (1)
Changes in operating assets and liabilities 78 31
Net cash used in operating activities 339 (95)
Investing Activities:    
Capital expenditures for property and equipment (104) (28)
Proceeds from asset dispositions, net 143 454
Proceeds from the sale of investments in affiliates, net 101 0
Contributions to unconsolidated affiliates 0 (5)
Insurance proceeds for property damage claims 0 4
Net cash provided by investing activities 140 425
Financing Activities:    
Repayments of credit facilities 0 (1,193)
Proceeds from issuance of Senior Secured Notes 0 750
Proceeds from Issuance of Mortgage Debt 30 14
Repayments of mortgage debt (36) (18)
Debt issuance costs (3) (15)
Dividends paid (5) 0
Distributions to noncontrolling interests, net (7) (2)
Tax withholdings on share-based compensation (3) (5)
Repurchase of common stock (218) 0
Net cash used in financing activities (242) (469)
Net increase (decrease) in cash and cash equivalents and restricted cash 237 (139)
Cash and cash equivalents and restricted cash, beginning of period 763 981
Cash and cash equivalents and restricted cash, end of period 1,000 842
Non-cash financing activities:    
Dividends declared but unpaid $ 2 $ 0