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Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net loss $ (429) $ (175)
Depreciation and amortization 90 82
Undistributed loss from equity method investments 50 45
Stock-based compensation 5 0
Deferred income taxes (7) 0
Contingent consideration write-down 0 (14)
Other, net (7) (49)
Change in operating assets and liabilities:    
Receivables, gross 48 13
Accrued expenses 42 51
Related party receivables and payables, net 37 (58)
Accounts payable (18) 0
Prepaid expenses (10) (7)
Inventories, gross 1 (16)
Income taxes 0 (31)
Other current assets and liabilities, net (23) (22)
Net cash used in operating activities (221) (181)
Investing activities    
Capital expenditures (168) (123)
Equity method investment (32) (71)
Short-term investments mature into cash 5 (5)
Long term investments (3) 0
Net decrease in related party notes receivable 0 76
Proceeds from sale of property, plant and equipment 0 3
Net cash used in investing activities (198) (120)
Financing activities    
Issuance of common stock 405 0
Proceeds from long-term debt 206 0
Proceeds from short-term debt 22 0
Proceeds from related party short-term debt 1 0
Cash provided at separation by Former Parent 0 980
Net transfers from Former Parent 0 275
Decrease in related party long-term debt 0 (49)
Net cash provided by financing activities 634 1,206
Effect of exchange rate changes on cash and cash equivalents (17) 14
Increase in cash and cash equivalents 198 919
Cash and cash equivalents at beginning of period 864 0
Cash and cash equivalents at end of period $ 1,062 $ 919