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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES:    
Net (loss) income $ (302) $ 424
Adjustments to reconcile net (loss) income to net cash flows (used in) from operating activities:    
Amortization of sports programming rights 1,381 396
Amortization of definite-lived intangible and other assets 244 300
Depreciation of property and equipment 56 50
Amortization of program contract costs 45 44
Stock-based compensation 43 29
Deferred tax (provision) benefit (93) 49
Gain on asset dispositions and other, net of impairment (20) (60)
(Income) loss from equity method investments (11) 13
(Income) loss from investments (60) 4
Distributions from investments 21 26
Sports programming rights payments (1,010) (1,025)
Rebate payments to distributors (202) 0
Gain on extinguishment of debt 0 (5)
Change in assets and liabilities, net of acquisitions:    
(Increase) decrease in accounts receivable (90) 148
(Increase) decrease in prepaid expenses and other current assets (73) 33
Increase (decrease) in accounts payable and accrued and other current liabilities 35 (153)
Net change in net income taxes payable/receivable 50 (6)
Decrease in program contracts payable (50) (47)
Increase in other long-term liabilities 0 85
Other, net 24 29
Net cash flows (used in) from operating activities (12) 334
CASH FLOWS USED IN INVESTING ACTIVITIES:    
Acquisition of property and equipment (38) (97)
Spectrum repack reimbursements 18 52
Proceeds from sale of assets 39 18
Purchases of investments (164) (48)
Other, net 4 4
Net cash flows used in investing activities (141) (71)
CASH FLOWS USED IN FINANCING ACTIVITIES:    
Proceeds from notes payable and commercial bank financing 357 873
Repayments of notes payable, commercial bank financing and finance leases (385) (928)
Repurchase of outstanding Class A Common Stock 0 (261)
Dividends paid on Class A and Class B Common Stock (30) (35)
Dividends paid on redeemable subsidiary preferred equity (4) (24)
Redemption of redeemable subsidiary preferred equity 0 (198)
Distributions to noncontrolling interests, net (50) (7)
Distributions to redeemable noncontrolling interests (5) (378)
Other, net (24) (16)
Net cash flows used in financing activities (141) (974)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (294) (711)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 1,262 1,333
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period $ 968 $ 622