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CONSOLIDATED AND COMBINED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ (23) [1] $ 59
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 81 32
Share-based compensation 25 4
Provision (benefit) for deferred income taxes (9) 2
Gain on affiliate investment (11) 0
Equity in earnings of affiliates 0 (1)
Amortization of debt issuance costs 3 0
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net (13) (42)
Inventory, net 21 37
Other assets and liabilities (77) (64)
Accounts payable and accrued expenses 6 21
Net cash provided by operating activities 3 48
Cash flows from investing activities:    
Purchases of fixed assets (21) (13)
Payments related to equity investments and business acquisitions, net of cash acquired (25) (5)
Proceeds from sale of fixed assets 1 0
Net cash used in investing activities (45) (18)
Cash flows from financing activities:    
Proceeds from issuance of debt 1,220 0
Principal payments of debt (43) 0
Debt issuance costs (24) 0
Dividend paid to Henry Schein (1,174) 0
Issuance of common shares in connection with options 3 0
Net transfers from parent 165 351
Distributions to non-controlling shareholders 0 (8)
Acquisitions of non-controlling interests in subsidiaries (74) (368)
Net cash provided by (used in) financing activities 73 (25)
Effect of exchange rate changes on cash and cash equivalents 1 (1)
Net change in cash and cash equivalents 32 4
Cash and cash equivalents, beginning of period 23 17
Cash and cash equivalents, end of period 55 21
Supplemental disclosures of cash flows information:    
Interest 22 0
Income taxes $ 10 $ 7
[1] (a) Net income earned from January 1, 2019 through February 7, 2019 is attributed to the former parent as it was the sole shareholder prior to February 7, 2019 (b) See discussion in Note 3 - Business Acquisitions