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CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES      
Net income $ 2,201 $ 1,062 $ 1,643
Adjustments to reconcile net income to cash provided by operating activities      
Depreciation and amortization 300 258 212
Amortization of cable distribution investments 22 24 38
Impairment and restructuring charges, net of termination payments 35 133 26
Equity-based compensation 147 137 36
Other, net (579) 248 19
Deferred income taxes 534 283 386
Change in operating assets and liabilities, net of acquisitions and dispositions      
Receivables and other assets (269) 224 (166)
Inventories net of program rights payable 190 181 197
Accounts payable and accrued expenses 282 (87) 231
Other changes, net (224) (98) (98)
Net cash provided by operating activities 2,639 2,365 2,524
INVESTING ACTIVITIES      
Property, plant and equipment (484) (359) (235)
Acquisitions, net of cash acquired (51) (1,061) 0
Proceeds from dispositions, net 93 60 0
Sale of investments 0 349 0
Purchase of investments (86) (103) (338)
Other investing activities, net 0 14 (64)
Net cash used in investing activities (528) (1,100) (637)
FINANCING ACTIVITIES      
Borrowings 0 1,191 6,750
Net transfers to Twenty-First Century Fox, Inc. 0 0 (1,233)
Net dividend paid to Twenty-First Century Fox, Inc. 0 0 (6,500)
Repurchase of shares (1,001) (600) 0
Non-operating cash flows from (to) The Walt Disney Company 112 (95) 0
Settlement of Divestiture Tax prepayment 462 0 0
Dividends paid and distributions (330) (335) (188)
Purchase of subsidiary noncontrolling interest (67) 0 0
Other financing activities, net (46) (15) 18
Net cash (used in) provided by financing activities (870) 146 (1,153)
Net increase in cash and cash equivalents 1,241 1,411 734
Cash and cash equivalents, beginning of year 4,645 3,234 2,500
Cash and cash equivalents, end of year $ 5,886 $ 4,645 $ 3,234