XML 30 R9.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) income $ (279) $ 2,701 $ (326)
Adjustments to reconcile net (loss) income to net cash flows from operating activities:      
Amortization of sports programming rights 0 326 2,350
Amortization of definite-lived intangible and other assets 166 221 477
Depreciation of property and equipment 105 100 114
Amortization of program contract costs 80 90 93
Stock-based compensation 45 50 60
Deferred tax (benefit) provision (358) 906 (92)
Loss (gain) on asset dispositions and other, net of impairment 3 (11) (69)
Loss (gain) on deconsolidation of subsidiary 10 (3,357) 0
Income from equity method investments (29) (56) (45)
Loss from investments 91 133 38
Distributions from investments 32 87 54
Sports programming rights payments 0 (325) (1,834)
Rebate payments to distributors 0 (15) (202)
(Gain) loss on extinguishment of debt (15) (3) 7
Changes in assets and liabilities, net of acquisitions and deconsolidation of subsidiary:      
(Increase) decrease in accounts receivable (8) 20 (187)
Increase in prepaid expenses and other current assets (32) (96) (86)
Increase (decrease) in accounts payable and accrued and other current liabilities 512 (14) 113
Net change in current and long-term net income taxes payable/receivable (3) 147 (52)
Decrease in program contracts payable (88) (103) (102)
Other, net 3 (2) 16
Net cash flows from operating activities 235 799 327
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:      
Acquisition of property and equipment (92) (105) (80)
Spectrum repack reimbursements 8 4 24
Proceeds from the sale of assets 1 9 43
Deconsolidation of subsidiary cash 0 (315) 0
Purchases of investments (72) (75) (256)
Distributions from investments 206 99 26
Other, net 1 2 (3)
Net cash flows from (used in) investing activities 52 (381) (246)
CASH FLOWS USED IN FINANCING ACTIVITIES:      
Proceeds from notes payable and commercial bank financing 0 728 357
Repayments of notes payable, commercial bank financing, and finance leases (85) (863) (601)
Repurchase of outstanding Class A Common Stock (153) (120) (61)
Dividends paid on Class A and Class B Common Stock (65) (70) (60)
Dividends paid on redeemable subsidiary preferred equity 0 (7) (5)
Repurchase of redeemable subsidiary preferred equity (190) 0 0
Distributions to noncontrolling interests, net (13) (12) (95)
Distributions to redeemable noncontrolling interests 0 0 (6)
Other, net (3) (9) (53)
Net cash flows used in financing activities (509) (353) (524)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (222) 65 (443)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of year 884 819 1,262
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of year $ 662 $ 884 $ 819