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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net (loss) income $ (129) $ 236
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 201 130
Provision for severance benefits 90 76
Equity-based compensation 197 156
Non-cash operating lease expense 211 163
Deferred income taxes 103 0
Other 118 85
Change in operating assets and liabilities, net of acquisition:    
Accounts receivable, net 23 41
Inventories (163) 18
Other assets (132) 8
Accounts payable 351 579
Accrued expenses 111 (28)
Other liabilities (105) (143)
Net cash provided by operating activities 876 1,321
Investing activities    
Purchases of property and equipment (285) (472)
Proceeds from sale of property and equipment 4 7
Net cash acquired in acquisition 68 0
Other investing activities (82) (47)
Net cash used in investing activities (295) (512)
Financing activities    
Proceeds from issuance of common stock, equity-based compensation plan 1 5
Repurchase of Class A common stock (178) 0
Proceeds from short-term borrowings and long-term debt 104 319
Repayment of short-term borrowings and long-term debt (62) (37)
Other financing activities 55 42
Net cash (used in) provided by financing activities (80) 329
Effect of exchange rate changes on cash and cash equivalents, and restricted cash (304) (81)
Net increase in cash and cash equivalents, and restricted cash 197 1,057
Cash and cash equivalents, and restricted cash, as of beginning of period 5,597 3,687
Cash and cash equivalents, and restricted cash, as of end of period $ 5,794 $ 4,744