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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
OPERATING ACTIVITIES    
Net income $ 1,929 $ 917
Adjustments to reconcile net income to cash provided by operating activities    
Depreciation and amortization 216 164
Amortization of cable distribution investments 17 19
Impairment and restructuring charges 35 9
Equity-based compensation 112 101
Other, net (752) 345
Deferred income taxes 528 255
Change in operating assets and liabilities, net of acquisitions and dispositions    
Receivables and other assets (382) (395)
Inventories net of program rights payable 257 167
Accounts payable and accrued expenses 88 (178)
Other changes, net (182) (59)
Net cash provided by operating activities 1,866 1,345
INVESTING ACTIVITIES    
Property, plant and equipment (333) (192)
Acquisitions, net of cash acquired 0 (611)
Proceeds from dispositions, net 93 45
Sale of investments 0 349
Purchase of investments (86) 0
Other investing activities, net (3) 12
Net cash used in investing activities (329) (397)
FINANCING ACTIVITIES    
Repurchase of shares (713) (600)
Non-operating cash flows from (to) The Walt Disney Company 113 (70)
Settlement of Divestiture Tax prepayment 462 0
Dividends paid and distributions (182) (321)
Purchase of subsidiary noncontrolling interest (67) 0
Other financing activities, net (30) 5
Net cash used in financing activities (417) (986)
Net increase (decrease) in cash and cash equivalents 1,120 (38)
Cash and cash equivalents, beginning of year 4,645 3,234
Cash and cash equivalents, end of period $ 5,765 $ 3,196