Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.3.0.814
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Net income $ 402 $ 365
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity in losses of investee 7 5
Deferred income taxes (78) (147)
Foreign currency gain (11) (2)
Depreciation 101 100
Amortization 341 336
Noncash interest 6 7
Loss on extinguishment of debt 21 48
Stock-based compensation 24 34
Change in other long-term liabilities 17 58
Effects of changes in working capital items (50) 8
Net cash provided by operating activities 780 812
Investing activities:    
Capital expenditures (132) (99)
Expenditures for cable and satellite television distribution rights (48) (30)
Decreases in restricted cash 0 (2)
Changes in other noncurrent assets (1) (1)
Other investing activities 2 1
Net cash used in investing activities (179) (127)
Financing activities:    
Principal payments of debt and capital lease obligations (1,565) (2,396)
Principal borrowings of debt from senior secured credit facility 1,470 726
Proceeds from issuance of senior secured notes, net of original issue discount 0 1,997
Payment of debt origination fees (3) (25)
Payment of bond premium fees (18) (32)
Dividends paid to Liberty (444) (764)
Dividends paid to noncontrolling interest (20) (25)
Other financing activities (1) (5)
Net cash (used in) provided by financing activities (581) (524)
Effect of foreign exchange rate changes on cash and cash equivalents (4) (32)
Net increase in cash and cash equivalents 16 129
Cash and cash equivalents, beginning of period 347 457
Cash and cash equivalents, end of period 363 586
Effects of changes in working capital items:    
Decrease in accounts receivable 319 341
Increase in inventories (298) (168)
Increase in prepaid expenses (5) (7)
Increase in accounts payable-trade 84 127
Decrease in accrued liabilities and other (150) (285)
Effects of changes in working capital items $ (50) $ 8