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UNAUDITED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
OPERATING ACTIVITIES    
Net income $ 513 $ 615
Adjustments to reconcile net income to cash provided by operating activities    
Depreciation and amortization 50 43
Amortization of cable distribution investments 9 10
Impairment and restructuring charges 9 0
Equity-based compensation 27 0
Other, net 15 (139)
Deferred income taxes 165 72
Change in operating assets and liabilities, net of acquisitions and dispositions    
Receivables and other assets (79) (100)
Inventories net of program rights payable (358) (202)
Accounts payable and other liabilities (149) (52)
Net cash provided by operating activities 202 247
INVESTING ACTIVITIES    
Property, plant and equipment (39) (42)
Purchase of investments 0 (100)
Other investing activities, net (1) (65)
Net cash used in investing activities (40) (207)
FINANCING ACTIVITIES    
Net transfers from Twenty-First Century Fox, Inc. 0 229
Other financing activities, net (56) (13)
Net cash (used in) provided by financing activities (56) 216
Net increase in cash and cash equivalents 106 256
Cash and cash equivalents, beginning of year 3,234 2,500
Cash and cash equivalents, end of period $ 3,340 $ 2,756