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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (2,943) $ 18
Adjustments to reconcile net (loss) income to net cash flows from operating activities:    
Impairment of goodwill and definite-lived intangible assets 4,264 0
Depreciation of property and equipment 75 69
Amortization of definite-lived intangible and other assets 449 183
Amortization of program contract costs 63 68
Amortization of sports programming rights 1,028 193
Stock-based compensation 39 26
Deferred tax benefit (660) (51)
Gain on asset dispositions and other, net of impairment (101) (50)
Loss from equity method investments 23 38
Distributions from investments 26 4
Sports programming rights payments (1,124) (118)
Gain on extinguishment of debt (5) 0
Measurement adjustment gain on variable payment obligations (168) 0
Change in assets and liabilities, net of acquisitions:    
Decrease in accounts receivable 24 63
Decrease (increase) in prepaid expenses and other current assets 4 (56)
(Decrease) increase in accounts payable and accrued and other current liabilities (106) 210
Net change in net income taxes payable/receivable (145) (73)
Decrease in program contracts payable (70) (72)
Increase in other long-term liabilities 120 3
Other, net 46 39
Net cash flows from operating activities 839 494
CASH FLOWS USED IN INVESTING ACTIVITIES:    
Acquisition of property and equipment (130) (96)
Acquisition of business, net of cash acquired (7) (9,006)
Spectrum repack reimbursements 72 50
Proceeds from the sale of assets 36 0
Purchases of investments (85) (431)
Other, net 16 6
Net cash flows used in investing activities (98) (9,477)
CASH FLOWS (USED IN) FROM FINANCING ACTIVITIES:    
Proceeds from notes payable and commercial bank financing 947 9,453
Repayments of notes payable, commercial bank financing, and finance leases (945) (715)
Proceeds from the issuance of redeemable subsidiary preferred equity, net 0 985
Repurchase of outstanding Class A Common Stock (343) (125)
Dividends paid on Class A and Class B Common Stock (49) (55)
Dividends paid on redeemable subsidiary preferred equity (32) (10)
Redemption of redeemable subsidiary preferred equity (547) 0
Debt issuance costs (7) (182)
Distributions to noncontrolling interests, net (19) (30)
Distributions to redeemable noncontrolling interests (378) 0
Other, net (68) 1
Net cash flows (used in) from financing activities (1,441) 9,322
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (700) 339
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 1,333 1,060
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period $ 633 $ 1,399