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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net income/(loss) $ 304 $ (375) $ (3,078)
Adjustments to reconcile net income/(loss) to cash flows from operating activities:      
Income from discontinued operations 0 0 (3,380)
Non-cash change in restructuring accrual 0 2,065 3,667
Interest accrued on financing obligations 142 27 0
Deferred income taxes (145) (1,858) (90)
Gain on deconsolidation of subsidiaries 0 (31) 0
Depreciation and amortization 1,145 626 439
Loss on extinguishment of debt 1 232 0
Change in fair value of derivative liability (697) (64) 0
Stock-based compensation expense 79 43 232
Amortization of deferred finance costs and debt discount/premium 15 26 24
Provision for doubtful accounts 21 8 11
Goodwill, Impairment Loss 43 0 0
Other Asset Impairment Charges 35 0 0
Other non-cash adjustments to net income/(loss) (28) 32 23
Net changes in:      
Accounts receivable 14 (75) (28)
Due from affiliates, net 5 (55) 19
Inventories, prepayments and other current assets 76 64 9
Deferred charges and other (69) (26) 0
Accounts payable (78) (4) 39
Interest payable 19 (35) (64)
Accrued expenses (101) 15 87
Contract liabilities 18 3 (1)
Restructuring accruals 0 (2,880) 2,029
Deferred credits and other (6) (63) 104
Other (7) 2 0
Cash flows provided by/(used in) operating activities 786 (2,323) 42
Cash flows from investing activities      
Acquisition of businesses, net of cash and restricted cash acquired (1,578) 561 0
Acquisition of property and equipment, net of change in related payables (565) (598) (220)
Deconsolidation of subsidiary cash 0 (57) 0
Consolidation of Korea Joint Venture 0 19 0
Payments to acquire certain gaming rights (20) 0 0
Payments to acquire investments (22) (12) (23)
Proceeds from the sale and maturity of investments 43 33 46
Return of investment from discontinued operations 0 0 132
Contributions to discontinued operations 0 0 (56)
Other 7 (1) 0
Cash flows used in investing activities (2,135) (55) (121)
Cash flows from financing activities      
Proceeds from long-term debt and revolving credit facilities 1,167 7,550 120
Debt issuance and extension costs and fees (5) (288) 0
Repayments of long-term debt and revolving credit facilities (1,130) (7,846) (268)
Proceeds from sale-leaseback financing arrangement 745 1,136 0
Proceeds from the issuance of common stock 6 11 6
Repurchase of common stock (311) 0 0
Repurchase of CIE shares and distribution of sale proceeds 0 (63) (1,126)
Taxes paid related to net share settlement of equity awards (22) (11) (7)
Financing obligation payments (173) (54) 0
Contributions from noncontrolling interest owners 20 0 15
Distributions to noncontrolling interest owners 0 (6) 0
Cash flows used in financing activities 297 429 (1,260)
Cash flows from discontinued operations      
Cash flows from operating activities 0 0 168
Cash flows from investing activities 0 0 4,379
Cash flows from financing activities 0 0 (76)
Net cash from discontinued operations 0 0 4,471
Change in cash, cash equivalents, and restricted cash classified as assets held for sale 0 0 112
Net increase/(decrease) in cash, cash equivalents, and restricted cash (1,052) (1,949) 3,244
Cash, cash equivalents, and restricted cash, beginning of period 2,709 4,658 1,414
Cash, cash equivalents, and restricted cash, end of period 1,657 2,709 4,658
Supplemental Cash Flow Information      
Cash paid for interest 1,169 749 634
Cash paid for income taxes 8 7 305
Issuance of convertible notes and call right 0 2,349 0
Issuance of CEC common stock 0 3,435 0
Change in accrued capital expenditures 149 (6) 14
Deferred consideration for acquisition of Centaur $ 66 $ 0 $ 0