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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) income $ (2,429) $ 105 $ 346
Adjustments to reconcile net income to net cash flows from operating activities:      
Impairment of goodwill and definite-lived intangible assets 4,264 0 0
Amortization of sports programming rights 1,078 637 0
Amortization of definite-lived intangible and other assets 572 327 175
Depreciation of property and equipment 102 97 105
Amortization of program contract costs 86 90 101
Stock-based compensation 52 33 26
Deferred tax benefit (604) (5) (103)
Gain on asset disposition and other, net of impairment (119) (62) (19)
Loss from equity method investments 36 35 61
Net (gain) loss from investments (152) 6 1
Distributions from investments 27 6 4
Sports programming rights payments (1,345) (578) 0
Loss on extinguishment of debt 10 10 0
Measurement adjustment gain on variable payment obligations (159) 0 0
Changes in assets and liabilities, net of acquisitions:      
Decrease (increase) in accounts receivable 70 70 (37)
Decrease (increase) in prepaid expenses and other current assets 48 (27) (10)
(Decrease) increase in accounts payable and accrued and other current liabilities (3) 334 24
Net change in net income taxes payable/receivable (127) (127) 49
Decrease in program contracts payable (96) (94) (108)
Increase (decrease) in other long-term liabilities 198 (1) 0
Other, net 39 60 32
Net cash flows from operating activities 1,548 916 647
CASH FLOWS USED IN INVESTING ACTIVITIES:      
Acquisition of property and equipment (157) (156) (105)
Acquisition of businesses, net of cash acquired (16) (8,999) 0
Spectrum repack reimbursements 90 62 6
Proceeds from the sale of assets 36 8 2
Purchases of investments (139) (452) (48)
Other, net 27 7 27
Net cash flows used in investing activities (159) (9,530) (118)
CASH FLOWS (USED IN) FROM FINANCING ACTIVITIES:      
Proceeds from notes payable and commercial bank financing 1,819 9,956 4
Repayments of notes payable, commercial bank financing, and finance leases (1,739) (1,236) (167)
Proceeds from the issuance of redeemable subsidiary preferred equity, net 0 985 0
Repurchase of outstanding Class A Common Stock (343) (145) (221)
Dividends paid on Class A and Class B Common Stock (63) (73) (74)
Dividends paid on redeemable subsidiary preferred equity (36) (33) 0
Redemption of redeemable subsidiary preferred equity (547) (297) 0
Debt issuance costs (19) (199) (1)
Distributions to noncontrolling interests, net (32) (27) (9)
Distributions to redeemable noncontrolling interests (383) (5) 0
Other, net (117) (39) 3
Net cash flows (used in) from financing activities (1,460) 8,887 (465)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (71) 273 64
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of year 1,333 1,060 996
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of year $ 1,262 $ 1,333 $ 1,060