Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.22.2.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Net (loss) income $ (1,873) $ 655
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Deferred income taxes (39) (1)
Foreign currency gain (loss) (50) 4
Depreciation 88 115
Amortization 217 200
Goodwill and Intangible Asset Impairment 2,600 0
Change in fair value of financial instruments and noncash interest (1) 8
Other charges, net 21 24
Gain (Loss) on Extinguishment of Debt 6 0
Stock-based compensation 27 33
Change in other long-term liabilities 9 5
Gain (Loss) on Disposition of Assets 520 0
Insured Event, Gain (Loss) (139) 0
Proceeds from Insurance Settlement, Operating Activities 96 0
Decrease in accounts receivable 482 443
Increase in inventories (82) (374)
Decrease in prepaid expenses and other current assets 42 47
Decrease in accounts payable-trade (362) (70)
Decrease in accrued liabilities and other (345) (411)
Net cash provided by operating activities 177 678
Investing activities:    
Capital expenditures (135) (145)
Expenditures for television distribution rights (36) (184)
Proceeds from Insurance Settlement, Investing Activities 184 0
Changes in other noncurrent assets (5) (3)
Proceeds from Sales of Assets, Investing Activities 701 40
Proceeds from Sale of Other Investments 20 8
Net cash provided by (used in) investing activities 729 (284)
Financing activities:    
Principal payments of debt and finance lease obligations (1,942) (157)
Principal borrowings of debt from senior secured credit facility 1,850 135
Repayments of Secured Debt (536) 0
Payment of premium on redemption of senior secured notes (6) 0
Dividends paid to noncontrolling interest (39) (46)
Withholding taxes on net share settlements of stock-based compensation (5) (18)
Payments for issuances of financial instruments 0 (38)
Proceeds from settlements of financial instruments 0 88
Other financing activities 0 2
Net cash used in financing activities (840) (427)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (59) (20)
Net increase (decrease) in cash, cash equivalents and restricted cash 7 (53)
Cash, cash equivalents and restricted cash, beginning of period 519 690
Cash, cash equivalents and restricted cash, end of period 526 637
Qurate    
Financing activities:    
Dividends paid to Qurate Retail, Inc. $ 162 $ 393