v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net earnings (loss) $ 299 $ 52
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation and amortization 64 64
Stock-based compensation 9 10
Litigation settlement, net of recoveries   110
Share of (earnings) losses of affiliate, net (303) (189)
(Gain) loss on dilution of investment in affiliate 56 82
Realized and unrealized (gains) losses on financial instruments, net (137) (99)
Deferred income tax expense (benefit) 6 11
Other, net (1) (2)
Changes in operating assets and liabilities:    
Current and other assets 65 165
Payables and other liabilities 32 (11)
Net cash provided by (used in) operating activities 90 193
Cash flows from investing activities:    
Capital expenditures (32) (28)
Cash received for Charter shares repurchased by Charter 602 518
Other investing activities, net 4  
Net cash provided by (used in) investing activities 574 490
Cash flows from financing activities:    
Borrowings of debt 300  
Repayments of debt, finance leases and tower obligations (2) (183)
Repurchases of Liberty Broadband common stock (843) (738)
Other financing activities, net (3) (2)
Net cash provided by (used in) financing activities (548) (923)
Net increase (decrease) in cash, cash equivalents and restricted cash 116 (240)
Cash, cash equivalents and restricted cash, beginning of period 206 1,433
Cash, cash equivalents and restricted cash, end of period $ 322 $ 1,193

Source