XML 28 R8.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES:    
Net (loss) income $ (215) $ 140
Adjustments to reconcile net (loss) income to net cash flows from (used in) operating activities:    
Amortization of definite-lived intangible and other assets 108 113
Depreciation of property and equipment 75 76
Amortization of program costs 57 55
Stock-based compensation 42 45
Deferred tax (benefit) provision (98) 36
Loss (gain) on asset dispositions and other, net 26 (7)
Income (loss) from equity method investments (9) 92
Loss from investments 83 5
Distributions from investments 4 3
Gain on extinguishment of debt (6) (1)
Debt issuance costs 68 0
Change in assets and liabilities, net of acquisitions:    
Decrease (increase) in accounts receivable 12 (5)
(Increase) decrease in prepaid expenses and other current assets (18) 10
Increase (decrease) in accounts payable and accrued and other current liabilities 12 (408)
Net change in net income taxes payable/receivable 1 (11)
Decrease in program contracts payable (55) (61)
Other, net (14) 2
Net cash flows from (used in) operating activities 91 (100)
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (55) (61)
Acquisition of businesses, net of cash acquired (25) 0
Purchases of investments (26) (41)
Distributions and proceeds from investments 13 185
Other, net 0 3
Net cash flows (used in) from investing activities (93) 86
CASH FLOWS USED IN FINANCING ACTIVITIES:    
Proceeds from notes payable and commercial bank financing 1,430 0
Repayments of notes payable, commercial bank financing, and finance leases (1,420) (52)
Dividends paid on Class A and Class B Common Stock (52) (49)
Debt issuance costs (110) 0
Distributions to noncontrolling interests (8) (8)
Other, net (9) (3)
Net cash flows used in financing activities (169) (112)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (171) (126)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 697 662
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period $ 526 $ 536