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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
OPERATING ACTIVITIES    
Net income $ 708 $ 1,117
Adjustments to reconcile net income to cash provided by operating activities    
Depreciation and amortization 79 68
Amortization of cable distribution investments 5 5
Impairment and restructuring charges 0 35
Equity-based compensation 15 31
Other, net (69) (519)
Deferred income taxes 168 391
Change in operating assets and liabilities, net of acquisitions and dispositions    
Receivables and other assets (174) (193)
Inventories net of program rights payable (499) (440)
Accounts payable and accrued expenses (171) (62)
Other changes, net (33) (166)
Net cash provided by operating activities 29 267
INVESTING ACTIVITIES    
Property, plant and equipment (53) (117)
Acquisitions, net of cash acquired (75) (1)
Proceeds from dispositions, net 82 0
Purchase of investments (29) (31)
Net cash used in investing activities (75) (149)
FINANCING ACTIVITIES    
Repurchase of shares (250) (267)
Non-operating cash flows from The Walt Disney Company 0 152
Settlement of Divestiture Tax Prepayment 0 462
Dividends paid and distributions (150) (15)
Other financing activities, net (29) (34)
Net cash (used in) provided by financing activities (429) 298
Net (decrease) increase in cash and cash equivalents (475) 416
Cash and cash equivalents, beginning of year 5,886 4,645
Cash and cash equivalents, end of period $ 5,411 $ 5,061