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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 424 $ 66
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation of property and equipment 50 45
Amortization of definite-lived intangible and other assets 300 87
Amortization of program contract costs 44 46
Amortization of sports programming rights 396 0
Stock-based compensation 29 20
Deferred tax benefit 49 3
Gain on asset disposition and other, net of impairment (60) (22)
Loss from equity method investments 13 26
Distributions from investments 26 1
Sports programming rights payments (1,025) 0
Gain on extinguishment of debt (5) 0
Change in assets and liabilities, net of acquisitions:    
Decrease in accounts receivable 148 5
Decrease (increase) in prepaid expenses and other current assets 33 (25)
(Decrease) increase in accounts payable and accrued and other current liabilities (153) 24
Net change in net income taxes payable/receivable (6) (31)
Decrease in program contracts payable (47) (49)
Increase in other long-term liabilities 85 1
Other, net 33 26
Net cash flows from operating activities 334 223
CASH FLOWS USED IN INVESTING ACTIVITIES:    
Acquisition of property and equipment (97) (62)
Spectrum repack reimbursements 52 22
Proceeds from the sale of assets 18 0
Purchases of investments (48) (47)
Other, net 4 5
Net cash flows used in investing activities (71) (82)
CASH FLOWS USED IN FINANCING ACTIVITIES:    
Proceeds from notes payable and commercial bank financing 873 1
Repayments of notes payable, commercial bank financing, and finance leases (928) (109)
Repurchase of outstanding Class A Common Stock (261) (125)
Dividends paid on Class A and Class B Common Stock (35) (36)
Dividends paid on redeemable subsidiary preferred equity (24) 0
Redemption of redeemable subsidiary preferred equity (198) 0
Distributions to noncontrolling interests, net (7) (3)
Distributions to redeemable noncontrolling interests 378 0
Other, net (16) 0
Net cash flows used in financing activities (974) (272)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (711) (131)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 1,333 1,060
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period $ 622 $ 929