Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Net income $ 928 $ 947 $ 642
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in losses of investee 3 3 6
Increase (Decrease) in Other Deferred Liability (30) (329) (43)
Foreign currency loss (gain) 0 6 (38)
Depreciation 174 155 142
Amortization 237 364 463
Change in fair value of financial instruments and noncash interest 8 4 5
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) 30 0 0
Loss on extinguishment of debt 2 0 0
Stock-based compensation 46 39 32
Change in other long-term liabilities 42 (19) (8)
Effects of changes in working capital items (284) 32 (23)
Net cash provided by operating activities 1,156 1,202 1,178
Investing activities:      
Capital expenditures (228) (152) (179)
Expenditures for television distribution rights (140) (50) (38)
Changes in other noncurrent assets (16) (1) (1)
Other investing activities (29) 0 (3)
Payments for (Proceeds from) Businesses and Interest in Affiliates 0 22 0
Payments to Acquire Businesses, Net of Cash Acquired [Abstract]      
Net cash used in investing activities (413) (181) (221)
Financing activities:      
Principal payments of debt and capital lease obligations (3,541) (2,278) (1,733)
Principal borrowings of debt from senior secured credit facilities 2,750 2,162 1,505
Proceeds from issuance of senior secured notes 225 0 0
Payment of debt origination fees (14) 0 (2)
Capital contributions received from Qurate Retail, Inc. 520 0 0
Payments of Dividends 367 866 703
Dividends paid to noncontrolling interest (40) (40) (39)
Other financing activities (18) (16) (9)
Net cash used in financing activities (485) (1,038) (981)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 2 13 (20)
Net increase (decrease) in cash, cash equivalents and restricted cash 260 (4) (44)
Cash, cash equivalents and restricted cash, end of year 543 282  
Effects of changes in working capital items:      
(Increase) decrease in accounts receivable (110) (127) 117
Increase in inventories (113) (43) (38)
(Increase) decrease in prepaid expenses and other current assets (97) 0 29
Increase in accounts payable-trade 11 50 22
Increase (decrease) in accrued liabilities and other 25 152 (153)
Effects of changes in working capital items (284) 32 (23)
Cash paid for taxes-to Qurate Retail Inc. 273 363 395
Cash paid for taxes-other 134 81 105
Cash paid for interest 241 211 210
Cash, cash equivalents and restricted cash, beginning of year 290 294 338
Cash, cash equivalents and restricted cash, end of year $ 550 $ 290 $ 294