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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES    
Net income $ 530 $ 934
Adjustments to reconcile net income to cash used in operating activities    
Depreciation and amortization 193 202
Amortization of cable distribution investments 8 8
Equity-based compensation 48 32
Other, net 212 3
Deferred income taxes 29 152
Change in operating assets and liabilities, net of acquisitions and dispositions    
Receivables and other assets (853) (952)
Inventories net of programming payable (405) (420)
Accounts payable and accrued expenses (180) (152)
Other changes, net (117) (68)
Net cash used in operating activities (535) (261)
INVESTING ACTIVITIES    
Property, plant and equipment (150) (153)
Purchase of investments (6) (50)
Other investing activities, net 13 (18)
Net cash used in investing activities (143) (221)
FINANCING ACTIVITIES    
Borrowings 1,232 0
Repurchase of shares (500) (500)
Dividends paid and distributions (142) (155)
Sale of subsidiary noncontrolling interest 0 25
Other financing activities, net (62) (30)
Net cash provided by (used in) financing activities 528 (660)
Net decrease in cash and cash equivalents (150) (1,142)
Cash and cash equivalents, beginning of year 4,272 5,200
Cash and cash equivalents, end of period $ 4,122 $ 4,058