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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES:    
Net (loss) income $ 2,610 $ (302)
Adjustments to reconcile net income (loss) to net cash flows from (used in) operating activities:    
Amortization of sports programming rights 326 1,381
Amortization of definite-lived intangible and other assets 136 244
Depreciation of property and equipment 52 56
Amortization of program contract costs 46 45
Stock-based compensation 38 43
Deferred tax provision (benefit) 654 (93)
Gain on asset dispositions and other, net of impairment (9) (20)
Gain on deconsolidation of subsidiary (3,357) 0
Income from equity method investments (15) (11)
Loss (income) from investments 159 (60)
Distributions from investments 31 21
Sports programming rights payments (325) (1,010)
Rebate payments to distributors (15) (202)
Gain on extinguishment of debt (3) 0
Change in assets and liabilities, net of acquisitions and deconsolidation of subsidiary:    
Decrease (increase) in accounts receivable 29 (90)
Increase in prepaid expenses and other current assets (107) (73)
Increase in accounts payable and accrued and other current liabilities 29 35
Net change in net income taxes payable/receivable (21) 50
Decrease in program contracts payable (52) (50)
Other, net 1 24
Net cash flows from (used in) operating activities 207 (12)
CASH FLOWS USED IN INVESTING ACTIVITIES:    
Acquisition of property and equipment (45) (38)
Spectrum repack reimbursements 2 18
Proceeds from sale of assets 9 39
Deconsolidation of subsidiary cash (315) 0
Purchases of investments (61) (164)
Distributions from investments 81 6
Other, net 0 (2)
Net cash flows used in investing activities (329) (141)
CASH FLOWS USED IN FINANCING ACTIVITIES:    
Proceeds from notes payable and commercial bank financing 728 357
Repayments of notes payable, commercial bank financing and finance leases (845) (385)
Repurchase of outstanding Class A Common Stock (104) 0
Dividends paid on Class A and Class B Common Stock (36) (30)
Dividends paid on redeemable subsidiary preferred equity (3) (4)
Distributions to noncontrolling interests, net (5) (50)
Distributions to redeemable noncontrolling interests 0 (5)
Other, net (12) (24)
Net cash flows used in financing activities (277) (141)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (399) (294)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 819 1,262
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period $ 420 $ 968