Ƶ

Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:
Net earnings (loss) $ 970 $ 514
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation and amortization 522 532
Stock-based compensation 112 123
Non-cash impairment and restructuring costs 245
Share of (earnings) loss of affiliates, net (47) 143
Realized and unrealized (gains) losses on financial instruments, net (439) (106)
Deferred income tax expense (benefit) 181 (101)
Other, net (34) 3
Changes in operating assets and liabilities
Current and other assets (114) (176)
Payables and other liabilities 70 58
Net cash provided (used) by operating activities 1,221 1,235
Cash flows from investing activities:
Investments in equity method affiliates and debt and equity securities (9) (185)
Investment of subsidiary initial public offering proceeds into trust account (575)
Cash proceeds from dispositions 148 169
Cash (paid) received for acquisitions, net of cash acquired (137) (14)
Capital expended for property and equipment, including internal-use software and website development (455) (190)
Other investing activities, net 78 41
Net cash provided (used) by investing activities (375) (754)
Cash flows from financing activities:
Borrowings of debt 2,674 3,794
Repayments of debt (2,701) (2,513)
Liberty stock repurchases (356) (243)
Subsidiary shares repurchased by subsidiary (415) (856)
Cash dividends paid by subsidiary (217) (28)
Taxes paid in lieu of shares issued for stock-based compensation (45) (45)
Proceeds from initial public offering of subsidiary 575
Other financing activities, net 17 (34)
Net cash provided (used) by financing activities (1,043) 650
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (8) (2)
Net increase (decrease) in cash, cash equivalents and restricted cash (205) 1,129
Cash, cash equivalents and restricted cash at beginning of period 2,924 2,877
Cash, cash equivalents and restricted cash at end of period $ 2,719 $ 4,006