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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES:        
Net income $ 96 $ (45) $ 140 $ 61
Adjustments to reconcile net income to net cash flows (used in) from operating activities:        
Amortization of definite-lived intangible and other assets 37 42 113 124
Depreciation of property and equipment 26 24 76 80
Amortization of program costs 18 18 55 59
Stock-based compensation     45 42
Deferred tax provision (benefit)     36 (237)
(Gain) loss on asset dispositions and other, net of impairment     (7) 11
Loss on deconsolidation of subsidiary 0 10 0 10
Income from equity method investments 0 0 (92) (30)
Loss from investments     5 78
Distributions from investments     3 31
Gain on extinguishment of debt 0 (4) (1) (15)
Change in assets and liabilities, net of acquisitions:        
(Increase) decrease in accounts receivable     (5) 11
Decrease (increase) in prepaid expenses and other current assets     10 (39)
(Decrease) increase in accounts payable and accrued and other current liabilities     (408) 22
Net change in net income taxes payable/receivable     (11) (2)
Decrease in program contracts payable     (61) (68)
Other, net     2 5
Net cash flows (used in) from operating activities     (100) 143
CASH FLOWS FROM INVESTING ACTIVITIES:        
Acquisition of property and equipment     (61) (70)
Purchases of investments     (41) (44)
Distributions and proceeds from investments     185 205
Other, net     3 6
Net cash flows (used in) from investing activities     86 97
CASH FLOWS USED IN FINANCING ACTIVITIES:        
Repayments of notes payable, commercial bank financing, and finance leases     (52) (76)
Repurchase of outstanding Class A Common Stock     0 (153)
Dividends paid on Class A and Class B Common Stock     (49) (50)
Repurchase of redeemable subsidiary preferred equity     0 (190)
Distributions to noncontrolling interests, net     (8) (10)
Other, net     (3) (2)
Net cash flows used in financing activities     (112) (481)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH     (126) (241)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period     662 884
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period $ 536 $ 643 $ 536 $ 643