XML 47 R8.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS
12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
OPERATING ACTIVITIES      
Net loss $ (55,000,000) $ (10,298,000,000) $ (1,548,000,000)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 2,956,000,000 2,985,000,000 3,239,000,000
Net loss (gain) on sale of businesses 17,000,000 121,000,000 (113,000,000)
Loss on disposal groups held for sale 0 0 40,000,000
Goodwill impairment 0 10,693,000,000 3,271,000,000
Impairment of long-lived assets 83,000,000 27,000,000 5,000,000
Deferred income taxes (209,000,000) 8,000,000 (1,230,000,000)
Provision for uncollectible accounts 72,000,000 100,000,000 133,000,000
Net gain on early retirement of debt (348,000,000) (618,000,000) (214,000,000)
Debt modification costs and related fees (79,000,000) 0 0
Gain on sale of investment (205,000,000) 0 0
Unrealized loss on investments 10,000,000 97,000,000 191,000,000
Stock-based compensation 29,000,000 52,000,000 98,000,000
Changes in current assets and liabilities:      
Accounts receivable 19,000,000 102,000,000 (158,000,000)
Accounts payable (202,000,000) (97,000,000) 98,000,000
Accrued income and other taxes (189,000,000) (1,185,000,000) 972,000,000
Other current assets and liabilities, net 304,000,000 (549,000,000) (372,000,000)
Retirement benefits (181,000,000) (1,000,000) 46,000,000
Change in deferred revenue 1,763,000,000 230,000,000 6,000,000
Changes in other noncurrent assets and liabilities, net 655,000,000 500,000,000 252,000,000
Other, net (107,000,000) (7,000,000) 19,000,000
Net cash provided by operating activities 4,333,000,000 2,160,000,000 4,735,000,000
INVESTING ACTIVITIES      
Capital expenditures (3,231,000,000) (3,100,000,000) (3,016,000,000)
Proceeds from sale of businesses 15,000,000 1,746,000,000 8,369,000,000
Proceeds from sale of property, plant and equipment, and other assets 366,000,000 165,000,000 120,000,000
Other, net 20,000,000 (12,000,000) 3,000,000
Net cash (used in) provided by investing activities (2,830,000,000) (1,201,000,000) 5,476,000,000
FINANCING ACTIVITIES      
Net proceeds from issuance of long-term debt 1,325,000,000 0 0
Payments of long-term debt (2,678,000,000) (185,000,000) (8,093,000,000)
Net (payments of) proceeds from revolving line of credit (200,000,000) 200,000,000 (200,000,000)
Dividends paid (3,000,000) (11,000,000) (780,000,000)
Debt issuance and extinguishment costs and related fees (283,000,000) (14,000,000) 0
Repurchases of common stock 0 0 (200,000,000)
Other, net (12,000,000) (8,000,000) (40,000,000)
Net cash used in financing activities (1,851,000,000) (18,000,000) (9,313,000,000)
Net (decrease) increase in cash, cash equivalents and restricted cash (348,000,000) 941,000,000 898,000,000
Cash, cash equivalents and restricted cash at beginning of period 2,248,000,000 1,307,000,000 409,000,000
Cash, cash equivalents and restricted cash at end of period 1,900,000,000 2,248,000,000 1,307,000,000
Supplemental cash flow information:      
Income taxes refunded (paid), net 242,000,000 (1,303,000,000) (76,000,000)
Interest paid (net of capitalized interest of $176, $111 and $66) (1,245,000,000) (1,138,000,000) (1,365,000,000)
Supplemental non-cash information regarding financing activities:      
Cancellation of senior unsecured notes as part of exchange offers (Note 7) 0 (1,554,000,000) 0
Issuance of senior secured notes as part of exchange offers (Note 7) 0 924,000,000 0
Cash, cash equivalents and restricted cash:      
Cash and cash equivalents 1,889,000,000 2,234,000,000 1,251,000,000
Cash and cash equivalents and restricted cash included in Assets held for sale 0 0 44,000,000
Restricted cash included in Other current assets 2,000,000 4,000,000 0
Restricted cash included in Other, net noncurrent assets 9,000,000 10,000,000 12,000,000
Total $ 1,900,000,000 $ 2,248,000,000 $ 1,307,000,000