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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities:    
Net income (loss) $ 33 $ (56)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 64 69
Gain on sales of assets, net (15) 0
Casualty loss 1 0
Equity in earnings from investments in affiliates (4) 0
Other gain, net 0 (1)
Share-based compensation expense 4 4
Amortization of deferred financing costs 2 3
Distributions from unconsolidated affiliates 6 0
Changes in operating assets and liabilities 13 25
Net cash provided by operating activities 104 44
Investing Activities:    
Capital expenditures for property and equipment (54) (21)
Acquisitions, net (11) 0
Proceeds from asset dispositions, net 116 0
Contributions to unconsolidated affiliates (2) 0
Net cash provided by (used in) investing activities 49 (21)
Financing Activities:    
Repayments of credit facilities (50) 0
Repayments of mortgage debt (2) (2)
Debt issuance costs (1) (3)
Dividends paid (56) 0
Distributions to noncontrolling interests, net (1) 0
Tax withholdings on share-based compensation (2) (3)
Repurchase of common stock (105) (61)
Net cash used in financing activities (217) (69)
Net decrease in cash and cash equivalents and restricted cash (64) (46)
Cash and cash equivalents and restricted cash, beginning of period 939 763
Cash and cash equivalents and restricted cash, end of period 875 717
Non-cash financing activities:    
Dividends declared but unpaid $ 32 $ 2