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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS USED IN OPERATING ACTIVITIES:    
Net income $ 26 $ 151
Adjustments to reconcile net income to net cash flows used in operating activities:    
Amortization of sports programming rights 552 391
Amortization of definite-lived intangible and other assets 125 150
Depreciation of property and equipment 28 24
Amortization of program contract costs 23 23
Stock-based compensation 33 17
Deferred tax benefit (3) 22
Gain on asset dispositions and other, net of impairment (14) (32)
(Income) loss from equity method investments (9) 6
(Gain) loss from investments (123) 2
Distributions from investments 14 24
Sports programming rights payments (607) (612)
Rebate payments to distributors (133) 0
Gain on extinguishment of debt 0 (2)
Change in assets and liabilities, net of acquisitions:    
Decrease in accounts receivable 6 34
(Increase) decrease in prepaid expenses and other current assets (37) 44
Decrease in accounts payable and accrued and other current liabilities (72) (240)
Net change in net income taxes payable/receivable (4) (34)
Decrease in program contracts payable (25) (23)
Other, net 14 16
Net cash flows used in operating activities (206) (39)
CASH FLOWS USED IN INVESTING ACTIVITIES:    
Acquisition of property and equipment (20) (46)
Acquisition of businesses, net of cash acquired (2) 0
Spectrum repack reimbursements 14 24
Proceeds from sale of assets 28 18
Purchases of investments (49) (25)
Other, net 3 6
Net cash flows used in investing activities (26) (23)
CASH FLOWS (USED IN) FROM FINANCING ACTIVITIES:    
Proceeds from notes payable and commercial bank financing 6 873
Repayments of notes payable, commercial bank financing and finance leases (26) (20)
Repurchase of outstanding Class A Common Stock 0 (176)
Dividends paid on Class A and Class B Common Stock (15) (18)
Dividends paid on redeemable subsidiary preferred equity (4) 0
Redemption of redeemable subsidiary preferred equity 0 (198)
Distributions to noncontrolling interests, net (30) (3)
Distributions to redeemable noncontrolling interests (2) (378)
Other, net (14) (9)
Net cash flows (used in) from financing activities (85) 71
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (317) 9
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 1,262 1,333
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period $ 945 $ 1,342