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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES    
Net (loss) income $ 635 $ 1,347
Adjustments to reconcile net income to cash (used in) provided by operating activities    
Depreciation and amortization 172 138
Amortization of cable distribution investments 9 11
Impairment and restructuring charges 0 35
Equity-based compensation 47 75
Other, net 142 (691)
Deferred income taxes 143 421
Change in operating assets and liabilities, net of acquisitions and dispositions    
Receivables and other assets (940) (1,011)
Inventories net of program rights payable (494) (60)
Accounts payable and accrued expenses (214) 156
Other changes, net (156) (184)
Net cash (used in) provided by operating activities (656) 237
INVESTING ACTIVITIES    
Property, plant and equipment (121) (242)
Acquisitions, net of cash acquired (229) 0
Proceeds from dispositions, net 82 0
Purchase of investments (28) (86)
Other investing activities, net 0 (1)
Net cash used in investing activities (296) (329)
FINANCING ACTIVITIES    
Repurchase of shares (497) (416)
Non-operating cash flows from The Walt Disney Company 0 116
Settlement of Divestiture Tax Prepayment 0 462
Dividends paid and distributions (150) (176)
Other financing activities, net (32) (37)
Net cash used in financing activities (679) (51)
Net decrease in cash and cash equivalents (1,631) (143)
Cash and cash equivalents, beginning of year 5,886 4,645
Cash and cash equivalents, end of period $ 4,255 $ 4,502