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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income/(loss) $ (1,198) $ 304 $ (375)
Adjustments to reconcile net income/(loss) to cash flows from operating activities:      
Non-cash change in restructuring accrual 0 0 2,065
Interest accrued on financing obligations 131 142 27
Deferred income taxes (152) (145) (1,858)
Gain on deconsolidation of subsidiaries 0 0 (31)
Depreciation and amortization 1,021 1,145 626
Loss on extinguishment of debt 0 1 232
Change in fair value of derivative liability 620 (697) (64)
Operating lease expense 35 0 0
Stock-based compensation expense 88 79 43
Amortization of deferred finance costs and debt discount/premium 17 15 26
Provision for doubtful accounts 26 21 8
Impairment of goodwill 27 43 0
Impairment of intangible and tangible assets 441 35 0
Other non-cash adjustments to net income/(loss) 17 (28) 32
Net changes in:      
Accounts receivable (9) 14 (75)
Due from affiliates, net (35) 5 (55)
Inventories, prepayments and other current assets (14) 76 64
Deferred charges and other assets 20 (69) (26)
Accounts payable 6 (78) (4)
Interest payable (24) 19 (35)
Accrued expenses 11 (101) 15
Contract liabilities 47 18 3
Operating lease liability (34) 0 0
Restructuring accruals 0 0 (2,880)
Deferred credits and other liabilities (42) (6) (63)
Other 8 (7) 2
Cash flows provided by/(used in) operating activities 1,007 786 (2,323)
Cash flows from investing activities      
Acquisition of property and equipment, net of change in related payables (829) (565) (598)
Acquisition of businesses, net of cash and restricted cash acquired 0 (1,578) 561
Deconsolidation of subsidiary cash 0 0 (57)
Consolidation of Korea Joint Venture 0 0 19
Proceeds from sale of Rio 470 0 0
Payments to acquire certain gaming rights 0 (20) 0
Payments to acquire investments (13) (22) (12)
Proceeds from the sale and maturity of investments 32 43 33
Other 12 7 (1)
Cash flows used in investing activities (328) (2,135) (55)
Cash flows from financing activities      
Proceeds from long-term debt and revolving credit facilities 0 1,167 7,550
Debt issuance and extension costs and fees (28) (5) (288)
Repayments of long-term debt and revolving credit facilities (414) (1,130) (7,846)
Proceeds from sale-leaseback financing arrangement 0 745 1,136
Proceeds from the issuance of common stock 47 6 11
Repurchase of common stock 0 (311) 0
Distribution of CIE sale proceeds 0 0 (63)
Taxes paid related to net share settlement of equity awards (28) (22) (11)
Financing obligation payments (22) (173) (54)
Contributions from noncontrolling interest owners 0 20 0
Distributions to noncontrolling interest owners (1) 0 (6)
Cash flows provided by/(used in) financing activities (446) 297 429
Change in cash, cash equivalents, and restricted cash classified as assets held for sale (6) 0 0
Net increase/(decrease) in cash, cash equivalents, and restricted cash 227 (1,052) (1,949)
Cash, cash equivalents, and restricted cash, beginning of period 1,657 2,709 4,658
Cash, cash equivalents, and restricted cash, end of period 1,884 1,657 2,709
Supplemental Cash Flow Information      
Cash paid for interest 1,259 1,169 749
Cash paid for income taxes 6 8 7
Issuance of convertible notes and call right 0 0 2,349
Issuance of CEC common stock 0 0 3,435
ROU assets obtained in exchange for new operating lease liabilities 104 0 0
Change in accrued capital expenditures 62 149 (6)
Deferred consideration for acquisition of Centaur 0 66 0
Financing for sale of Rio $ 34 $ 0 $ 0