Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net earnings $ 514 $ (260)
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 532 533
Stock-based compensation 123 112
Non-cash impairment and restructuring costs 245 24
Share of (earnings) loss of affiliates, net 143 255
Realized and unrealized (gains) losses on financial instruments, net (106) 179
Deferred income tax expense (benefit) (101) (34)
Other, net 3 10
Changes in operating assets and liabilities    
Current and other assets (176) (240)
Payables and other liabilities 58 290
Net cash provided (used) by operating activities 1,235 869
Cash flows from investing activities:    
Investments in equity method affiliates and debt and equity securities (185) (87)
Investment of subsidiary initial public offering proceeds into trust account (575)  
Return of investment in equity method affiliates 38 105
Cash proceeds from sale of investments 169 13
Cash (paid) received for acquisitions, net of cash acquired (14) (28)
Capital expended for property and equipment, including internal-use software and website development (190) (206)
Other investing activities, net 3  
Net cash provided (used) by investing activities (754) (203)
Cash flows from financing activities:    
Borrowings of debt 3,794 2,835
Repayments of debt (2,513) (884)
Liberty SiriusXM common stock repurchases (243) (138)
Subsidiary shares repurchased by subsidiary (856) (399)
Proceeds from Liberty SiriusXM common stock rights offering   754
Cash dividends paid by subsidiary (28) (33)
Taxes paid in lieu of shares issued for stock-based compensation (45) (46)
Proceeds from initial public offering of subsidiary 575  
Other financing activities, net (34) (20)
Net cash provided (used) by financing activities 650 2,069
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (2) (10)
Net increase (decrease) in cash, cash equivalents and restricted cash 1,129 2,725
Cash, cash equivalents and restricted cash at beginning of period 2,877 1,306
Cash, cash equivalents and restricted cash at end of period $ 4,006 $ 4,031