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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES    
Net income $ 917 $ 1,178
Adjustments to reconcile net income to cash provided by operating activities    
Depreciation and amortization 164 152
Amortization of cable distribution investments 19 29
Impairment and restructuring charges 9 14
Equity-based compensation 101 5
Other, net 345 116
Deferred income taxes 255 322
Change in operating assets and liabilities, net of acquisitions and dispositions    
Receivables and other assets (299) (196)
Inventories net of program rights payable 167 137
Accounts payable and other liabilities (333) (133)
Net cash provided by operating activities 1,345 1,624
INVESTING ACTIVITIES    
Property, plant and equipment (192) (147)
Acquisitions, net of cash acquired (611) 0
Sale of investments 349 0
Purchase of investments 0 (100)
Other investing activities, net 57 (64)
Net cash used in investing activities (397) (311)
FINANCING ACTIVITIES    
Borrowings 0 6,750
Net transfers to Twenty-First Century Fox, Inc. 0 (1,233)
Net dividend paid to Twenty-First Century Fox, Inc. 0 (6,500)
Repurchase of shares (600) 0
Dividends paid and distributions (321) (33)
Other financing activities, net (65) 21
Net cash used in financing activities (986) (995)
Net (decrease) increase in cash and cash equivalents (38) 318
Cash and cash equivalents, beginning of year 3,234 2,500
Cash and cash equivalents, end of period $ 3,196 $ 2,818