v3.24.2.u1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net earnings (loss) $ 436 $ 321
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation and amortization 102 114
Stock-based compensation 14 16
Share of (earnings) losses of affiliate, net (577) (566)
(Gain) loss on dilution of investment in affiliate 32 32
Realized and unrealized (gains) losses on financial instruments, net (59) 74
Deferred income tax expense (benefit) 101 95
Other, net (2) (2)
Changes in operating assets and liabilities:    
Current and other assets 57 (40)
Payables and other liabilities (25) (99)
Net cash provided by (used in) operating activities 79 (55)
Cash flows from investing activities:    
Capital expenditures (123) (97)
Grant proceeds received for capital expenditures 19 2
Cash received for Charter shares repurchased by Charter 116 42
Cash released from escrow related to dispositions   23
Purchases of investments   (53)
Other investing activities, net (16) 2
Net cash provided by (used in) investing activities (4) (81)
Cash flows from financing activities:    
Borrowings of debt 266 1,451
Repayments of debt, tower obligations and finance leases (348) (1,545)
Repurchases of Liberty Broadband common stock (89) (40)
Indemnification payment to Qurate Retail   (25)
Other financing activities, net (1) (2)
Net cash provided by (used in) financing activities (172) (161)
Net increase (decrease) in cash, cash equivalents and restricted cash (97) (297)
Cash, cash equivalents and restricted cash, beginning of period 176 400
Cash, cash equivalents and restricted cash, end of period $ 79 $ 103

Source