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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES    
Net income $ 1,117 $ 513
Adjustments to reconcile net income to cash provided by operating activities    
Depreciation and amortization 68 50
Amortization of cable distribution investments 5 9
Impairment and restructuring charges 35 9
Equity-based compensation 31 27
Other, net (519) 15
Deferred income taxes 391 165
Change in operating assets and liabilities, net of acquisitions and dispositions    
Receivables and other assets (193) (110)
Inventories net of program rights payable (440) (358)
Accounts payable and accrued expenses (62) (113)
Other changes, net (166) (5)
Net cash provided by operating activities 267 202
INVESTING ACTIVITIES    
Property, plant and equipment (117) (39)
Purchase of investments (31) 0
Other investing activities, net (1) (1)
Net cash used in investing activities (149) (40)
FINANCING ACTIVITIES    
Repurchase of shares (267) 0
Non-operating cash flows from (to) The Walt Disney Company 152 (41)
Settlement of Divestiture Tax prepayment 462 0
Dividends paid and distributions (15) (14)
Other financing activities, net (34) (1)
Net cash provided by (used in) financing activities 298 (56)
Net increase in cash and cash equivalents 416 106
Cash and cash equivalents, beginning of year 4,645 3,234
Cash and cash equivalents, end of period $ 5,061 $ 3,340