Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Dec. 31, 2016
Cash flows from operating activities:      
Net earnings (loss) $ 44 $ 427  
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 164 87  
Stock-based compensation 44 34  
Share of (earnings) loss of affiliates, net 4 12  
Realized and unrealized (gains) losses on financial instruments, net 12 8  
Noncash interest expense 2 2  
Losses (gains) on dilution of investment in affiliate (2) 2  
Deferred income tax expense (benefit) 126 114  
Other, net 4 1  
Changes in operating assets and liabilities      
Current and other assets 8 (23)  
Payables and other current liabilities (3) 223  
Net cash provided (used) by operating activities 403 887  
Cash flows from investing activities:      
Investments in and loans to cost and equity investees (5) (11)  
Net cash paid for the acquisition of Formula 1 (1,647)    
Capital expended for property and equipment (156) (67)  
Purchases of short term investments and other marketable securities   (99)  
Sales of short term investments and other marketable securities   53  
Other investing activities, net 11 (1)  
Net cash provided (used) by investing activities (1,797) (125)  
Cash flows from financing activities:      
Borrowings of debt 1,844 335  
Repayments of debt (1,154) (111)  
Proceeds from issuance of Series C Formula One common stock 1,550    
Shares repurchased by subsidiary (306) (594)  
Cash dividends paid by subsidiary (15)    
Taxes paid in lieu of shares issued for stock-based compensation (22) (4)  
Other financing activities, net 5 13  
Net cash provided (used) by financing activities 1,902 (361)  
Effect of Exchange Rate on Cash and Cash Equivalents 1    
Net increase (decrease) in cash and cash equivalents 509 401  
Cash and cash equivalents at beginning of period 562 201 $ 201
Cash and cash equivalents at end of period $ 1,071 $ 602 $ 562