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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) income $ (326) $ (2,429) $ 105
Adjustments to reconcile net (loss) income to net cash flows from operating activities:      
Impairment of goodwill and definite-lived intangible assets 0 4,264 0
Amortization of sports programming rights 2,350 1,078 637
Amortization of definite-lived intangible and other assets 477 572 327
Depreciation of property and equipment 114 102 97
Amortization of program contract costs 93 86 90
Stock-based compensation 60 52 33
Deferred tax benefit (92) (604) (5)
Gain on asset disposition and other, net of impairment (69) (119) (62)
(Income) loss from equity method investments (45) 36 35
Loss (income) from investments 38 (152) 6
Distributions from investments 54 27 6
Sports programming rights payments (1,834) (1,345) (578)
Rebate payments to distributors (202) 0 0
Loss on extinguishment of debt 7 10 10
Measurement adjustment gain on variable payment obligations (15) (159) 0
Changes in assets and liabilities, net of acquisitions:      
(Increase) decrease in accounts receivable (187) 70 70
(Increase) decrease in prepaid expenses and other current assets (86) 48 (27)
Increase (decrease) in accounts payable and accrued and other current liabilities 113 (3) 334
Net change in current and long-term net income taxes payable/receivable (52) (127) (127)
Decrease in program contracts payable (102) (96) (94)
Increase (decrease) in other long-term liabilities 3 198 (1)
Other, net 28 39 60
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES 327 1,548 916
CASH FLOWS USED IN INVESTING ACTIVITIES:      
Acquisition of property and equipment (80) (157) (156)
Acquisition of businesses, net of cash acquired (4) (16) (8,999)
Spectrum repack reimbursements 24 90 62
Proceeds from the sale of assets 43 36 8
Purchases of investments (256) (139) (452)
Other, net 27 27 7
Net cash flows used in investing activities (246) (159) (9,530)
CASH FLOWS (USED IN) FROM FINANCING ACTIVITIES:      
Proceeds from notes payable and commercial bank financing 357 1,819 9,956
Repayments of notes payable, commercial bank financing, and finance leases (601) (1,739) (1,236)
Proceeds from the issuance of redeemable subsidiary preferred equity, net 0 0 985
Repurchase of outstanding Class A Common Stock (61) (343) (145)
Dividends paid on Class A and Class B Common Stock (60) (63) (73)
Dividends paid on redeemable subsidiary preferred equity (5) (36) (33)
Redemption of redeemable subsidiary preferred equity 0 (547) (297)
Debt issuance costs (1) (19) (199)
Distributions to noncontrolling interests, net (95) (32) (27)
Distributions to redeemable noncontrolling interests (6) (383) (5)
Other, net (52) (117) (39)
Net cash flows (used in) from financing activities (524) (1,460) 8,887
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (443) (71) 273
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of year 1,262 1,333 1,060
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of year $ 819 $ 1,262 $ 1,333