Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

v3.6.0.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net earnings (loss) $ 924 $ 248 $ 395
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 354 362 359
Stock-based compensation 150 204 217
Share of (earnings) loss of affiliates, net (14) 40 113
Realized and unrealized (gains) losses on financial instruments, net (37) 140 (38)
Noncash interest expense 11 6 (34)
Losses (gains) on dilution of investment in affiliate   1 78
Loss on early extinguishment of debt 24    
Deferred income tax expense (benefit) 427 175 91
Other charges (credits), net 30 19 (12)
Other, net 30 19 (12)
Changes in operating assets and liabilities      
Current and other assets 25 (208) (74)
Payables and other current liabilities 277 245 33
Net cash provided (used) by operating activities 2,171 1,232 1,128
Cash flows from investing activities:      
Cash (paid) for acquisitions, net of cash acquired     (47)
Cash proceeds from dispositions of investments 62 175 247
Proceeds (payments) from settlement of financial instruments, net (1) (322) (72)
Investments in and loans to cost and equity investees (784) (19) (183)
Repayment of loans and other cash receipts from cost and equity investees 48   42
Capital expended for property and equipment (568) (296) (194)
Purchases of short term investments and other marketable securities (258) (174) (360)
Sales of short term investments and other marketable securities 273 358 176
Other investing activities, net (36) (8) (20)
Net cash provided (used) by investing activities (1,264) (286) (411)
Cash flows from financing activities:      
Borrowings of debt 2,745 2,213 2,758
Repayments of debt (1,749) (1,196) (1,936)
Repurchases of Liberty common stock   (350)  
Cash provided by the Broadband Spin-Off     259
Shares repurchased by subsidiary (1,674) (2,018) (2,157)
Proceeds from Liberty Braves common stock rights offering 203    
Taxes paid in lieu of shares issued for stock-based compensation (58) (80) (48)
Other financing activities, net (13) 5  
Net cash provided (used) by financing activities (546) (1,426) (1,124)
Net increase (decrease) in cash and cash equivalents 361 (480) (407)
Cash and cash equivalents at beginning of period 201 681 1,088
Cash and cash equivalents at end of period $ 562 $ 201 $ 681