Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Statements Of Cash Flows

v3.8.0.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from operating activities:      
Net earnings (loss) $ 2,487 $ 1,274 $ 911
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Earnings (loss) from discontinued operations   (20) (280)
Depreciation and amortization 725 874 703
Stock-based compensation 123 97 127
Cash payments for stock-based Compensation   (92) (16)
Noncash interest expense   12 5
Share of (earnings) of affiliates, net 200 68 178
Cash receipts from returns on equity investments 29 31 32
Realized and unrealized gains (losses) on financial instruments, net (618) (1,175) (114)
(Gains) losses on transactions, net (410) (9) (110)
(Gains) Losses on extinguishment of debt   6 21
Deferred income tax expense (1,136) 473 (103)
Other noncash charges (credits), net 10 (115) (11)
Changes in operating assets and liabilities      
Current and other assets (143) 136 (237)
Payables and other current liabilities 225 (117) (44)
Net cash provided (used) by operating activities   1,443 1,062
Net cash provided (used) by operating activities 1,492    
Cash flows from investing activities:      
Cash (paid) for acquisitions, net of cash acquired 22   (844)
Cash proceeds from dispositions of investments 3 353 271
Investments in and loans to cost and equity investees (159) (86) (120)
Cash receipts from returns of equity investments     250
Capital expended for property and equipment (204) (233) (258)
Purchases of short-term and other marketable securities   (264) (1,370)
Sales of short term and other marketable securities   1,174 1,359
Investments in equity investees measured at fair value   (2,400)  
Other investing activities, net (53) (36) (76)
Net cash used by investing activities     (788)
Net cash used by investing activities (391) (1,492)  
Cash flows from financing activities:      
Borrowings of debt 2,469 3,427 4,558
Repayments of debt (2,631) (4,498) (3,811)
Repurchases of QVC Group common stock (765) (799) (785)
Withholding taxes on net share settlements of stock-based compensation (70) (16) (30)
Distribution from Liberty Expedia Holdings   299  
Other financing activities, net (39) 15 (54)
Net cash provided (used) by financing activities (1,036) (1,572) (122)
Effect of foreign currency exchange rates on cash 13 (20) (3)
Net increase (decrease) in cash and cash equivalents 78 (1,624) 143
Cash and cash equivalents at beginning of period 825 2,449 2,306
Cash and cash equivalents at end of period $ 903 825 2,449
Net Cash Provided by (Used in) Discontinued Operations [Abstract]      
Cash Provided by (Used in) Operating Activities, Discontinued Operations   17 17
Cash Provided by (Used in) Investing Activities, Discontinued Operations     (23)
Net Cash Provided by (Used in) Discontinued Operations   $ 17 $ (6)