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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 193 $ 2,616
Adjustments to reconcile net income to net cash flows from operating activities:    
Amortization of sports programming rights 0 326
Amortization of definite-lived intangible and other assets 41 93
Depreciation of property and equipment 24 28
Amortization of program contract costs 22 25
Stock-based compensation 23 29
Deferred tax (benefit) provision (207) 689
Loss (gain) on asset dispositions and other, net of impairment 6 (5)
Gain on deconsolidation of subsidiary 0 (3,357)
Income from equity method investments (31) (12)
Loss from investments 2 54
Distributions from investments 28 25
Sports programming rights payments 0 (325)
Rebate payments to distributors 0 (15)
Change in assets and liabilities, net of acquisitions and deconsolidation of subsidiary:    
Decrease in accounts receivable 4 16
Increase in prepaid expenses and other current assets (42) (99)
Increase in accounts payable and accrued and other current liabilities 21 5
Net change in net income taxes payable/receivable 0 (3)
Decrease in program contracts payable (23) (26)
Other, net 1 6
Net cash flows from operating activities 62 70
CASH FLOWS USED IN INVESTING ACTIVITIES:    
Acquisition of property and equipment (20) (21)
Spectrum repack reimbursements 1 1
Proceeds from sale of assets 0 4
Deconsolidation of subsidiary cash 0 (315)
Purchases of investments (33) (5)
Distributions from investments 8 70
Net cash flows used in investing activities (44) (266)
CASH FLOWS USED IN FINANCING ACTIVITIES:    
Repayments of notes payable, commercial bank financing, and finance leases (9) (7)
Repurchase of outstanding Class A Common Stock (53) (68)
Dividends paid on Class A and Class B Common Stock (18) (18)
Dividends paid on redeemable subsidiary preferred equity 0 (1)
Redemption of redeemable subsidiary preferred equity (190) 0
Distributions to noncontrolling interests, net (4) (3)
Other, net (5) (5)
Net cash flows used in financing activities (279) (102)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (261) (298)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 884 819
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period $ 623 $ 521