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, 2021
Dec. 31, 2020
Dec. 31, 2019
Net income $ 851 $ 910 $ 817
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in losses of investee 2 30 0
Increase (Decrease) in Other Deferred Liability (82) (10) (8)
Foreign currency loss (gain) 9 (6) 3
Depreciation 159 171 186
Amortization 270 282 282
Amortization of Debt Issuance Costs and Discounts 8 (6) (12)
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) 0 0 147
Loss on extinguishment of debt 7 42 0
Stock-based compensation 44 37 39
Change in other long-term liabilities (8) 5 (42)
Other Income (11) 0 0
Other non-cash charges, net 42 39 32
Insurance proceeds received for inventory loss 100 0 0
Increase (Decrease) in Accounts Receivable (71) (229) 10
Increase (Decrease) in Inventories 388 (115) (68)
Increase (Decrease) in Prepaid Expense (22) 14 16
Increase (Decrease) in Accounts Payable, Trade 156 184 (74)
Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities (67) 214 (114)
Net Cash Provided by (Used in) Operating Activities 1,169 2,234 1,322
Net Cash Provided by (Used in) Investing Activities      
Payments to Acquire Productive Assets 210 218 291
Payments for Cable and Satellite Television Distribution Rights 187 56 134
Repayment of Notes Receivable from Related Parties 85 0 0
Proceeds from Sales of Assets, Investing Activities 54 0 0
Other investing activities 8 0 29
Increase (Decrease) in Other Noncurrent Assets 5 5 11
Investing activities: (255) (279) (407)
Repayments of Debt and Lease Obligation 402 1,236 2,599
Proceeds from Long-term Lines of Credit 705 112 2,496
Repayments of Secured Debt 0 (500) (400)
Payment for Debt Extinguishment or Debt Prepayment Cost 0 (41) 0
Proceeds from Issuance of Secured Debt 0 1,075 500
Payments of Debt Issuance Costs 6 15 18
Proceeds from Contributions from Parent 0 0 50
Dividends paid to noncontrolling interest 60 62 40
Payments for Derivative Instrument, Financing Activities (625) 0 0
Proceeds from Derivative Instrument, Financing Activities 311 0 0
Proceeds from (Payments for) Other Financing Activities (17) (3) (4)
Net Cash Provided by (Used in) Financing Activities (1,057) (1,854) (894)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (28) 20 (2)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (171) 121 19
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period   690 569
Cash, Cash Equivalents, and Restricted Cash, End of Period 519 690 569
Supplemental Cash Flow Elements [Abstract]      
Cash paid for taxes-to Qurate Retail Inc. 249 171 209
Cash paid for taxes-other 132 97 87
Cash paid for interest 249 247 238
Liabilities Assumed 0 0 36
Qurate      
Net Cash Provided by (Used in) Investing Activities      
Payments of Dividends $ (963) $ (1,184) $ (879)