Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Statements Of Cash Flows

v3.6.0.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 12 Months Ended 24 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2016
Cash Flows from operating activities:        
Net earnings (loss) $ 1,274 $ 911 $ 626  
Adjustments to reconcile net earnings to net cash provided by operating activities:        
Earnings (loss) from discontinued operations (20) (280) (88)  
Depreciation and amortization 874 703 669  
Stock-based compensation 97 127 108  
Cash payments for stock-based Compensation (92) (16) (15)  
Noncash interest expense 12 5 6  
Share of (earnings) of affiliates, net 68 178 19  
Cash receipts from returns on equity investments 31 32 30  
Realized and unrealized gains (losses) on financial instruments, net (1,175) (114) 57  
(Gains) losses on transactions, net (9) (110) (74)  
Gain (Loss) on dilution of investment in affiliates (65)      
(Gains) Losses on extinguishment of debt 6 21 48 $ 21
Deferred income tax expense 473 (103) (60)  
Other noncash charges (credits), net (115) (11) 1  
Changes in operating assets and liabilities        
Current and other assets 136 (237) (84)  
Payables and other current liabilities (117) (44) 405  
Net cash provided (used) by operating activities 1,443 1,062 1,648  
Cash flows from investing activities:        
Cash (paid) for acquisitions, net of cash acquired   (844)    
Cash proceeds from dispositions of investments 353 271 163  
Investments in and loans to cost and equity investees (86) (120) (71)  
Cash receipts from returns of equity investments   250    
Capital expended for property and equipment (233) (258) (241)  
Purchases of short-term and other marketable securities (264) (1,370) (864)  
Sales of short term and other marketable securities 1,174 1,359 591  
Investments in equity investees measured at fair value (2,400)      
Other investing activities, net (36) (76) (16)  
Net cash used by investing activities (1,492) (788) (438)  
Cash flows from financing activities:        
Borrowings of debt 3,427 4,558 4,506  
Repayments of debt (4,498) (3,811) (3,749)  
Repurchases of QVC Group common stock (799) (785) (785)  
Withholding taxes on net share settlements of stock-based compensation (16) (30) (26)  
Acquisition of Noncontrolling Interests   33    
Distribution from Liberty Expedia Holdings 299      
Other financing activities, net 15 (21) (33)  
Net cash provided (used) by financing activities (1,572) (122) (87)  
Effect of foreign currency exchange rates on cash (20) (3) (46)  
Net increase (decrease) in cash and cash equivalents (1,624) 143 1,404  
Cash and cash equivalents at beginning of period 2,449 2,306 902 2,306
Cash and cash equivalents at end of period 825 2,449 2,306 $ 825
Net Cash Provided by (Used in) Discontinued Operations [Abstract]        
Cash Provided by (Used in) Operating Activities, Discontinued Operations 17 17 286  
Cash Provided by (Used in) Investing Activities, Discontinued Operations   (23) (214)  
Cash Provided by (Used in) Financing Activities, Discontinued Operations     371  
Change in available cash held by discontinued operations     (116)  
Net Cash Provided by (Used in) Discontinued Operations $ 17 $ (6) $ 327