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CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES      
Net income $ 1,643 $ 2,228 $ 1,409
Adjustments to reconcile net income to cash provided by operating activities      
Depreciation and amortization 212 171 169
Amortization of cable distribution investments 38 53 57
Impairment and restructuring charges 26 16 165
Equity-based compensation 36 0 0
Other, net 19 39 131
Deferred income taxes 386 (603) 92
Change in operating assets and liabilities, net of acquisitions and dispositions      
Receivables and other assets (166) (166) (172)
Inventories net of program rights payable 197 (228) 21
Accounts payable and other liabilities 133 (193) (217)
Net cash provided by operating activities 2,524 1,317 1,655
INVESTING ACTIVITIES      
Property, plant and equipment (235) (215) (191)
Proceeds from the relinquishment of spectrum 0 354 0
Purchase of investments (338) 0 (13)
Other investing activities, net (64) (11) (38)
Net cash (used in) provided by investing activities (637) 128 (242)
FINANCING ACTIVITIES      
Borrowings 6,750 0 0
Net transfers (to) from Twenty-First Century Fox, Inc. (1,233) 1,113 (1,395)
Net dividend paid to Twenty-First Century Fox, Inc. (6,500) 0 0
Dividends paid and distributions (188) (41) (35)
Other financing activities, net 18 (36) (1)
Net cash (used in) provided by financing activities (1,153) 1,036 (1,431)
Net increase (decrease) in cash and cash equivalents 734 2,481 (18)
Cash and cash equivalents, beginning of year 2,500 19 37
Cash and cash equivalents, end of year $ 3,234 $ 2,500 $ 19