Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net earnings (loss) $ 688 $ 1,257 $ 732
Adjustments to reconcile net earnings (loss) to net cash from operating activities:      
Depreciation and amortization 230 262 267
Stock-based compensation 34 37 41
Litigation settlement, net of recoveries   67  
Share of (earnings) losses of affiliate, net (1,155) (1,326) (1,194)
(Gain) loss on dilution of investment in affiliate 60 63 102
Realized and unrealized (gains) losses on financial instruments, net 101 (334) (67)
Deferred income tax expense (benefit) 168 54 (15)
(Gain) loss on dispositions, net   (179) (12)
Other, net (4) (4) (3)
Changes in operating assets and liabilities:      
Current and other assets 20 140 214
Payables and other liabilities (126) (93) (62)
Net cash provided by (used in) operating activities 16 (56) 3
Cash flows from investing activities:      
Capital expenditures (222) (181) (134)
Grant proceeds received for capital expenditures 6 25  
Cash received for Charter shares repurchased by Charter 394 3,034 4,179
Cash proceeds from dispositions, net   163 15
Cash released from escrow related to dispositions 23    
Purchases of investments (53)    
Other investing activities, net 2 6 2
Net cash provided by (used in) investing activities 150 3,047 4,062
Cash flows from financing activities:      
Borrowings of debt 1,501 325 1,467
Repayments of debt, tower obligations and finance leases (1,616) (231) (2,476)
Repurchases of Liberty Broadband common stock (227) (2,882) (4,272)
Indemnification payment to Qurate Retail (45)    
Other financing activities, net (3) (9) (11)
Net cash provided by (used in) financing activities (390) (2,797) (5,292)
Net increase (decrease) in cash, cash equivalents and restricted cash (224) 194 (1,227)
Cash, cash equivalents and restricted cash, beginning of period 400 206 1,433
Cash, cash equivalents and restricted cash, end of period $ 176 $ 400 $ 206