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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
OPERATING ACTIVITIES    
Net income $ 1,220 $ 530
Adjustments to reconcile net income to cash used in operating activities    
Depreciation and amortization 188 193
Amortization of cable distribution investments 8 8
Restructuring, impairment and other corporate matters 196 9
Equity-based compensation 68 48
Equity earnings of affiliates (7) (2)
Cash distributions received from affiliates 13 0
Non-operating other, net (314) 205
Deferred income taxes 145 29
Change in operating assets and liabilities, net of acquisitions and dispositions    
Receivables and other assets (1,198) (853)
Inventories net of programming payable (431) (405)
Accounts payable and accrued expenses (75) (180)
Other changes, net (17) (117)
Net cash used in operating activities (204) (535)
INVESTING ACTIVITIES    
Property, plant and equipment (138) (150)
Purchase of investments (79) (6)
Other investing activities, net (23) 13
Net cash used in investing activities (240) (143)
FINANCING ACTIVITIES    
Borrowings 0 1,232
Repurchase of shares (500) (500)
Dividends paid and distributions (134) (142)
Other financing activities, net 81 (62)
Net cash (used in) provided by financing activities (553) 528
Net decrease in cash and cash equivalents (997) (150)
Cash and cash equivalents, beginning of year 4,319 4,272
Cash and cash equivalents, end of period $ 3,322 $ 4,122