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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activities    
Net income $ 3 $ 221
Adjustments to reconcile net income to cash provided by operating activities:    
Share-based compensation expense 15 21
Depreciation and amortization 193 80
Content rights expense and impairment 751 458
Equity in losses of investee companies and cash distributions 36 54
Deferred income taxes (35) (34)
Loss on extinguishment of debt 0 54
Other, net 67 3
Changes in operating assets and liabilities, net of acquisitions and dispositions:    
Receivables, net (36) (44)
Content rights and payables, net (698) (474)
Accounts payable and accrued liabilities (171) (122)
Income taxes receivable and prepaid income taxes (42) 48
Foreign currency and other, net 77 (10)
Cash provided by operating activities 160 255
Investing Activities    
Business acquisitions, net of cash acquired (8,565) 0
Payments for investments (22) (188)
Distributions from equity method investees 0 5
Purchases of property and equipment (48) (47)
(Payments for) proceeds from derivative instruments, net (42) 5
Other investing activities, net 2 1
Cash used in investing activities (8,675) (224)
Financing Activities    
Commercial paper borrowings, net 0 54
Borrowings under revolving credit facility 0 150
Principal repayments of revolving credit facility 0 (125)
Borrowings under term loan agreements 2,000 0
Borrowings from debt, net of discount and including premiums 0 659
Principal repayments of debt, including discount payment and premiums to par value 0 (650)
Principal repayments of capital lease obligations (13) (13)
Repurchases of stock 0 (200)
Cash settlement of common stock repurchase contracts   58
Distributions to redeemable noncontrolling interests (2) (3)
Share-based plan proceeds (payments), net 23 (8)
Borrowings under program financing line of credit 22 0
Other financing activities, net (11) (6)
Cash provided by (used in) financing activities 2,019 (84)
Effect of exchange rate changes on cash and cash equivalents (1) 20
Net change in cash and cash equivalents (6,497) (33)
Cash and cash equivalents, beginning of period 7,309 300
Cash and cash equivalents, end of period $ 812 $ 267