Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Net income $ 245 $ 296
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity in losses of investee 1 0
Deferred income taxes (52) (64)
Foreign currency loss 1 2
Depreciation 63 64
Amortization of intangible assets 211 192
Change in fair value of financial instruments and noncash interest 11 20
Loss on extinguishment of debt 57 0
Stock-based compensation 19 13
Change in other long-term liabilities 2 12
Effects of changes in working capital items (94) 148
Net cash provided by operating activities 442 643
Investing activities:    
Capital expenditures, net (75) (101)
Expenditures for cable and satellite television distribution rights, net (26) (2)
Cash paid for joint ventures and acquisitions of businesses, net of cash received 0 (27)
Decrease in restricted cash 0 2
Changes in other noncurrent assets 1 1
Net cash used in investing activities (100) (127)
Financing activities:    
Principal payments of debt and capital lease obligations (1,695) (779)
Principal borrowings of debt from senior secured credit facility 1,053 648
Proceeds from issuance of senior secured notes, net of original issue discount 1,050 0
Payment of debt origination fees (16) 0
Payment of bond premium fees (46) 0
Other financing activities 7 0
Dividends paid to Liberty, net (765) (458)
Dividend paid to noncontrolling interest (25) (29)
Net cash used in financing activities (437) (618)
Effect of foreign exchange rate changes on cash and cash equivalents (29) (12)
Net decrease in cash and cash equivalents (124) (114)
Cash and cash equivalents, beginning of period 540 560
Cash and cash equivalents, end of period 416 446
Effects of changes in working capital items:    
Decrease in accounts receivable 346 374
Increase in inventories (51) (19)
Increase in prepaid expenses (11) (4)
Decrease in accounts payable‑trade (104) (86)
Decrease in accrued liabilities and other (274) (117)
Effects of changes in working capital items $ (94) $ 148