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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES      
Net income $ 1,253 $ 1,233 $ 2,201
Adjustments to reconcile net income to cash provided by operating activities      
Depreciation and amortization 411 363 300
Amortization of cable distribution investments 16 18 22
Impairment and restructuring charges 111 0 35
Equity-based compensation 74 102 147
Other, net (116) 509 (579)
Deferred income taxes 321 342 534
Change in operating assets and liabilities, net of acquisitions and dispositions      
Receivables and other assets (104) (79) (269)
Inventories net of programming payable 145 (301) 190
Accounts payable and accrued expenses (68) (54) 282
Other changes, net (243) (249) (224)
Net cash provided by operating activities 1,800 1,884 2,639
INVESTING ACTIVITIES      
Property, plant and equipment (357) (307) (484)
Acquisitions, net of cash acquired 0 (243) (51)
Proceeds from dispositions, net 0 83 93
Purchase of investments (54) (28) (86)
Other investing activities, net (27) (18) 0
Net cash used in investing activities (438) (513) (528)
FINANCING ACTIVITIES      
Repayment of borrowings 0 (750) 0
Repurchase of shares (2,000) (1,000) (1,001)
Non-operating cash flows from The Walt Disney Company 0 0 112
Settlement of Divestiture Tax Prepayment 0 0 462
Dividends paid and distributions (299) (307) (330)
Purchase of subsidiary noncontrolling interest 0 0 (67)
Sale of subsidiary noncontrolling interest 35 25 0
Other financing activities, net (26) (25) (46)
Net cash used in financing activities (2,290) (2,057) (870)
Net (decrease) increase in cash and cash equivalents (928) (686) 1,241
Cash and cash equivalents, beginning of year 5,200 5,886 4,645
Cash and cash equivalents, end of year $ 4,272 $ 5,200 $ 5,886