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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 105 $ 346 $ 594
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation of property and equipment 97 105 97
Amortization of definite-lived intangible and other assets 327 175 179
Amortization of program contract costs and net realizable value adjustments 90 101 116
Loss from extinguishment of debt 10 0 1
Stock-based compensation 33 26 16
Deferred tax benefit (5) (103) (159)
Gain on asset disposition and other, net of impairment (62) (19) (279)
Loss from equity method investments 35 61 14
Amortization of sports programming rights 637 0 0
Additions to sports programming rights (578) 0 0
Changes in assets and liabilities, net of acquisitions:      
Decrease (increase) in accounts receivable 70 (37) (42)
Increase in prepaid expenses and other current assets (27) (10) (9)
Increase in accounts payable and accrued liabilities 334 24 35
Net change in net income taxes payable/receivable (127) 49 (43)
Decrease in program contracts payable (94) (108) (111)
Other, net 71 37 23
Net cash flows from operating activities 916 647 432
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:      
Acquisition of property and equipment (156) (105) (84)
Acquisition of businesses, net of cash acquired (8,999) 0 (271)
Spectrum repack reimbursements and auction proceeds 62 6 311
Proceeds from the sale of assets 8 2 195
Purchases of investments (452) (48) (63)
Distributions from investments 7 24 32
Other, net 0 3 (6)
Net cash flows (used in) from investing activities (9,530) (118) 114
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:      
Proceeds from notes payable and commercial bank financing 9,956 4 166
Repayments of notes payable, commercial bank financing, and finance leases (1,236) (167) (340)
Proceeds from the sale of Class A Common Stock 0 0 488
Proceeds from the issuance of redeemable subsidiary preferred equity, net 985 0 0
Repurchase of outstanding Class A Common Stock (145) (221) (30)
Dividends paid on Class A and Class B Common Stock (73) (74) (71)
Dividends paid on redeemable subsidiary preferred equity (33) 0 0
Redemption of redeemable subsidiary preferred equity (297) 0 0
Debt issuance costs (199) (1) (1)
Distributions to noncontrolling interests (32) (9) (22)
Other, net (39) 3 0
Net cash flows from (used in) financing activities 8,887 (465) 190
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 273 64 736
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of year 1,060 996 260
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of year $ 1,333 $ 1,060 $ 996