Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Net income $ 295,000,000 $ 248,000,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity in losses of investee 2,000,000 4,000,000
Deferred income taxes (37,000,000) (42,000,000)
Foreign currency (gain) loss (22,000,000) 1,000,000
Depreciation 65,000,000 68,000,000
Amortization 229,000,000 233,000,000
Noncash interest 3,000,000 4,000,000
Loss on extinguishment of debt 0 21,000,000
Stock-based compensation 16,000,000 15,000,000
Change in other long-term liabilities (1,000,000) 18,000,000
Effects of changes in working capital items 51,000,000 35,000,000
Net cash provided by operating activities 601,000,000 605,000,000
Investing activities:    
Capital expenditures (98,000,000) (80,000,000)
Expenditures for cable and satellite television distribution rights (6,000,000) (45,000,000)
Changes in other noncurrent assets (2,000,000) (3,000,000)
Other investing activities 2,000,000 1,000,000
Net cash used in investing activities (104,000,000) (127,000,000)
Financing activities:    
Principal payments of debt and capital lease obligations (923,000,000) (1,216,000,000)
Principal borrowings of debt from senior secured credit facility 778,000,000 1,098,000,000
Payment of debt origination fees (2,000,000) (3,000,000)
Payment of Bond Premium Fees 0 (18,000,000)
Dividends paid to Liberty (323,000,000) (210,000,000)
Dividends paid to noncontrolling interest (21,000,000) (20,000,000)
Other financing activities (2,000,000) (1,000,000)
Net cash used in financing activities (493,000,000) (370,000,000)
Effect of foreign exchange rate changes on cash and cash equivalents 4,000,000 (10,000,000)
Net increase in cash and cash equivalents 8,000,000 98,000,000
Cash and cash equivalents, beginning of period 327,000,000 347,000,000
Cash and cash equivalents, end of period 335,000,000 445,000,000
Effects of changes in working capital items:    
Decrease in accounts receivable 526,000,000 385,000,000
Increase in inventories (91,000,000) (92,000,000)
Increase in prepaid expenses (19,000,000) (10,000,000)
Decrease in accounts payable-trade (129,000,000) (61,000,000)
Decrease in accrued liabilities and other (236,000,000) (187,000,000)
Effects of changes in working capital items $ 51,000,000 $ 35,000,000