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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES:    
Net income $ 2,616 $ 26
Adjustments to reconcile net income to net cash flows from (used in) operating activities:    
Amortization of sports programming rights 326 552
Amortization of definite-lived intangible and other assets 93 125
Depreciation of property and equipment 28 28
Amortization of program contract costs 25 23
Stock-based compensation 29 33
Deferred tax provision (benefit) 689 (3)
Gain on asset dispositions and other, net of impairment (5) (14)
Gain on deconsolidation of subsidiary (3,357) 0
Income from equity method investments (12) (9)
Loss (income) from investments 54 (123)
Distributions from investments 25 14
Sports programming rights payments (325) (607)
Rebate payments to distributors (15) (133)
Measurement adjustment loss on variable payment obligations 3 1
Change in assets and liabilities, net of acquisitions and deconsolidation of subsidiary:    
Decrease in accounts receivable 16 6
Increase in prepaid expenses and other current assets (99) (37)
Increase (decrease) in accounts payable and accrued and other current liabilities 5 (72)
Net change in net income taxes payable/receivable (3) (4)
Decrease in program contracts payable (26) (25)
Increase in other long-term liabilities (7) 0
Other, net 10 13
Net cash flows from (used in) operating activities 70 (206)
CASH FLOWS USED IN INVESTING ACTIVITIES:    
Acquisition of property and equipment (21) (20)
Spectrum repack reimbursements 1 14
Proceeds from sale of assets 4 28
Deconsolidation of subsidiary cash (315) 0
Purchases of investments (5) (49)
Distributions from investments 70 3
Other, net 0 (2)
Net cash flows used in investing activities (266) (26)
CASH FLOWS USED IN FINANCING ACTIVITIES:    
Proceeds from notes payable and commercial bank financing 0 6
Repayments of notes payable, commercial bank financing and finance leases (7) (26)
Repurchase of outstanding Class A Common Stock (68) 0
Dividends paid on Class A and Class B Common Stock (18) (15)
Dividends paid on redeemable subsidiary preferred equity (1) (4)
Distributions to noncontrolling interests, net (3) (30)
Distributions to redeemable noncontrolling interests 0 (2)
Other, net (5) (14)
Net cash flows used in financing activities (102) (85)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (298) (317)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 819 1,262
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period $ 521 $ 945