Annual report pursuant to Section 13 and 15(d)

Supplemental Disclosures to Consolidated Statements of Cash Flows

v3.10.0.1
Supplemental Disclosures to Consolidated Statements of Cash Flows
 12 Months Ended
Dec. 31, 2018
Supplemental Disclosures to Consolidated Statements of Cash Flows  
Supplemental Disclosures to Consolidated Statements of Cash Flows

(4)  Supplemental Disclosures to Consolidated Statements of Cash Flows

 

 

 

 

 

 

 

 

 

 

 

Years ended December 31,

 

 

    

2018

    

2017

    

2016

 

 

 

amounts in millions

 

Cash paid for acquisitions:

 

 

 

 

 

 

 

 

Fair value of assets acquired

 

$

 —

 

(484)

 

 —

 

Intangibles not subject to amortization

 

 

 3

 

4,039

 

 —

 

Intangibles subject to amortization

 

 

 2

 

5,499

 

 —

 

Net liabilities assumed

 

 

(3)

 

(5,035)

 

 —

 

Deferred tax liabilities

 

 

 —

 

(475)

 

 —

 

Fair value of equity consideration

 

 

 —

 

(1,790)

 

 —

 

Cash paid for acquisitions, net of cash acquired

 

$

 2

 

1,754

 

 —

 

 

 

 

 

 

 

 

 

 

Stock repurchased by subsidiary not yet settled

 

$

 —

 

17

 

23

 

 

 

 

 

 

 

 

 

 

Cash paid for interest, net of amounts capitalized

 

$

586

 

561

 

327

 

 

 

 

 

 

 

 

 

 

Cash paid (received) for income taxes

 

$

(26)

 

56

 

69

 

 

 

 

In November 2016, the FASB issued a new accounting standard which requires that the statement of cash flows include restricted cash and cash equivalents when reconciling beginning and ending cash. The guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. The Company adopted this new guidance effective January 1, 2018. Upon adoption, the Company added restricted cash to the reconciliation of beginning and ending cash and cash equivalents and included a reconciliation of total cash and cash equivalents and restricted cash to the balance sheet for each period presented in the consolidated statements of cash flows. The following table reconciles cash and cash equivalents and restricted cash reported in our consolidated balance sheets to the total amount presented in our consolidated statements of cash flows:

 

 

 

 

 

 

 

 

 

 

Years ended December 31,

 

 

2018

    

2017

 

2016

 

 

amounts in millions

 

Cash and cash equivalents

$

358

 

1,029

 
562

 

Restricted cash included in other current assets

 

70

 

 8

 

 —

 

Restricted cash included in other assets

 

24

 

10

 
10

 

Total cash, cash equivalents and restricted cash at end of period

$

452

 

1,047

 

572

 

 

In August 2016, the FASB issued new accounting guidance which addresses eight specific cash flow issues to reduce the diversity in practice for appropriate classification on the statement of cash flows. The Company adopted this guidance during the first quarter of 2018, and there was no significant effect of the standard on its consolidated financial statements.