XML 29 R7.htm IDEA: XBRL DOCUMENT v3.19.1
UNAUDITED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING ACTIVITIES    
Net income $ 1,178 $ 1,748
Adjustments to reconcile net income to cash provided by operating activities    
Depreciation and amortization 152 126
Amortization of cable distribution investments 29 43
Impairment and restructuring charges 14 11
Equity-based compensation 5 0
Other, net 116 75
Deferred income taxes 322 (563)
Change in operating assets and liabilities, net of acquisitions and dispositions    
Receivables and other assets (196) (118)
Inventories net of program rights payable 137 (300)
Accounts payable and other liabilities (133) (237)
Net cash provided by operating activities 1,624 785
INVESTING ACTIVITIES    
Property, plant and equipment (147) (148)
Proceeds from the relinquishment of spectrum 0 354
Purchase of investments (100) 0
Other investing activities, net (64) (9)
Net cash (used in) provided by investing activities (311) 197
FINANCING ACTIVITIES    
Borrowings 6,750 0
Net transfers (to) from Twenty-First Century Fox, Inc. (1,233) 845
Net dividend paid to Twenty-First Century Fox, Inc. (6,500) 0
Distributions and other (12) (65)
Net cash (used in) provided by financing activities (995) 780
Net increase in cash and cash equivalents 318 1,762
Cash and cash equivalents, beginning of year 2,500 19
Cash and cash equivalents, end of period $ 2,818 $ 1,781