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
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Net income $ 122 $ 106
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity in losses (earnings) of investee 1 (1)
Deferred income taxes (57) (22)
Foreign currency loss 1 1
Depreciation 33 30
Amortization 111 104
Change in fair value of financial instruments and noncash interest 2 (10)
Loss on extinguishment of debt 0 41
Stock-based compensation 8 10
Change in other long-term liabilities 34 4
Effects of changes in working capital items 6 (88)
Net cash provided by operating activities 261 175
Investing activities:    
Capital expenditures, net (29) (33)
Expenditures for cable and satellite television distribution rights, net (8) (25)
Changes in other noncurrent assets (2) (4)
Net cash used in investing activities (39) (62)
Financing activities:    
Principal payments of debt and capital lease obligations (1,188) (1,168)
Principal borrowings of debt from senior secured credit facility 384 240
Proceeds from issuance of senior secured notes, net of original issue discount 999 1,050
Payment of debt origination fees (12) (14)
Payment of bond premium fees 0 (33)
Other financing activities 7 4
Dividends paid to Liberty (286) (244)
Dividends paid to noncontrolling interest (25) (25)
Net cash used in financing activities (121) (190)
Effect of foreign exchange rate changes on cash and cash equivalents 0 (24)
Net increase (decrease) in cash and cash equivalents 101 (101)
Cash and cash equivalents, beginning of period 457 540
Cash and cash equivalents, end of period 558 439
Effects of changes in working capital items:    
Decrease in accounts receivable 256 274
Increase in inventories (86) (36)
Increase in prepaid expenses (6) (2)
Increase (decrease) in accounts payable‑trade 49 (129)
Decrease in accrued liabilities and other (207) (195)
Effects of changes in working capital items $ 6 $ (88)