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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES    
Net income $ 1,347 $ 827
Adjustments to reconcile net income to cash provided by (used in) operating activities    
Depreciation and amortization 138 107
Amortization of cable distribution investments 11 14
Impairment and restructuring charges 35 9
Equity-based compensation 75 65
Other, net (691) (287)
Deferred income taxes 421 246
Change in operating assets and liabilities, net of acquisitions and dispositions    
Receivables and other assets (1,011) (703)
Inventories net of program rights payable (60) (354)
Accounts payable and accrued expenses 156 (130)
Other changes, net (184) (50)
Net cash provided by (used in) operating activities 237 (256)
INVESTING ACTIVITIES    
Property, plant and equipment (242) (110)
Acquisitions, net of cash acquired 0 (260)
Purchase of investments (86) 0
Other investing activities, net (1) 21
Net cash used in investing activities (329) (349)
FINANCING ACTIVITIES    
Repurchase of shares (416) (421)
Non-operating cash flows from (to) The Walt Disney Company 116 (45)
Settlement of Divestiture Tax prepayment 462 0
Dividends paid and distributions (176) (169)
Other financing activities, net (37) (3)
Net cash used in financing activities (51) (638)
Net decrease in cash and cash equivalents (143) (1,243)
Cash and cash equivalents, beginning of year 4,645 3,234
Cash and cash equivalents, end of period $ 4,502 $ 1,991