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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
OPERATING ACTIVITIES      
Net income $ 1,233 $ 2,201 $ 1,062
Adjustments to reconcile net income to cash provided by operating activities      
Depreciation and amortization 363 300 258
Amortization of cable distribution investments 18 22 24
Impairment and restructuring charges 0 35 133
Equity-based compensation 102 147 137
Other, net 509 (579) 248
Deferred income taxes 342 534 283
Change in operating assets and liabilities, net of acquisitions and dispositions      
Receivables and other assets (79) (269) 224
Inventories net of programming payable (301) 190 181
Accounts payable and accrued expenses (54) 282 (87)
Other changes, net (249) (224) (98)
Net cash provided by operating activities 1,884 2,639 2,365
INVESTING ACTIVITIES      
Property, plant and equipment (307) (484) (359)
Acquisitions, net of cash acquired (243) (51) (1,061)
Proceeds from dispositions, net 83 93 60
Sale of investments 0 0 349
Purchase of investments (28) (86) (103)
Other investing activities, net (18) 0 14
Net cash used in investing activities (513) (528) (1,100)
FINANCING ACTIVITIES      
Repayment of borrowings (750) 0 0
Borrowings 0 0 1,191
Repurchase of shares (1,000) (1,001) (600)
Non-operating cash flows from (to) The Walt Disney Company 0 112 (95)
Settlement of Divestiture Tax Prepayment 0 462 0
Dividends paid and distributions (307) (330) (335)
Purchase of subsidiary noncontrolling interest 0 (67) 0
Sale of subsidiary noncontrolling interest 25 0 0
Other financing activities, net (25) (46) (15)
Net cash (used in) provided by financing activities (2,057) (870) 146
Net (decrease) increase in cash and cash equivalents (686) 1,241 1,411
Cash and cash equivalents, beginning of year 5,886 4,645 3,234
Cash and cash equivalents, end of year $ 5,200 $ 5,886 $ 4,645