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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES:    
Net income $ 25 $ 193
Adjustments to reconcile net income to net cash flows (used in) from operating activities:    
Amortization of definite-lived intangible and other assets 38 41
Depreciation of property and equipment 25 24
Amortization of program contract costs 19 22
Stock-based compensation 27 23
Deferred tax provision (benefit) 4 (207)
Loss on asset dispositions and other, net of impairment 0 6
Income from equity method investments (14) (31)
(Income) loss from investments (27) 2
Distributions from investments 1 28
Gain on extinguishment of debt (1) 0
Change in assets and liabilities, net of acquisitions:    
(Increase) decrease in accounts receivable (27) 4
Increase in prepaid expenses and other current assets (3) (42)
(Decrease) increase in accounts payable and accrued and other current liabilities (35) 21
Net change in net income taxes payable/receivable (8) 0
Decrease in program contracts payable (22) (23)
Other, net (6) 1
Net cash flows (used in) from operating activities (4) 62
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:    
Acquisition of property and equipment (21) (20)
Purchases of investments (3) (33)
Distributions and proceeds from investments 77 8
Other, net 1 1
Net cash flows from (used in) investing activities 54 (44)
CASH FLOWS USED IN FINANCING ACTIVITIES:    
Repayments of notes payable, commercial bank financing, and finance leases (34) (9)
Repurchase of outstanding Class A Common Stock 0 (53)
Dividends paid on Class A and Class B Common Stock (16) (18)
Redemption of redeemable subsidiary preferred equity 0 (190)
Distributions to noncontrolling interests, net (2) (4)
Other, net (5) (5)
Net cash flows used in financing activities (57) (279)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (7) (261)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 662 884
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period $ 655 $ 623