Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net earnings (loss) $ 241 $ 69
Adjustments to reconcile net earnings (loss) to net cash from operating activities:    
Depreciation and amortization 50 58
Stock-based compensation 7 8
Share of (earnings) losses of affiliate, net (280) (248)
(Gain) loss on dilution of investment in affiliate 28 27
Realized and unrealized (gains) losses on financial instruments, net (76) 114
Deferred income tax expense (benefit) 44 22
Other, net (1) (1)
Changes in operating assets and liabilities:    
Current and other assets 39 (6)
Payables and other liabilities   (2)
Net cash provided by (used in) operating activities 52 41
Cash flows from investing activities:    
Capital expenditures (61) (54)
Grant proceeds received for capital expenditures 15  
Cash received for Charter shares repurchased by Charter 81 42
Other investing activities, net (17)  
Net cash provided by (used in) investing activities 18 (12)
Cash flows from financing activities:    
Borrowings of debt 20 1,248
Repayments of debt, tower obligations and finance leases (62) (1,416)
Repurchases of Liberty Broadband common stock (89) (40)
Indemnification payment to Qurate Retail   (24)
Other financing activities, net (1) (3)
Net cash provided by (used in) financing activities (132) (235)
Net increase (decrease) in cash, cash equivalents and restricted cash (62) (206)
Cash, cash equivalents and restricted cash, beginning of period 176 400
Cash, cash equivalents and restricted cash, end of period $ 114 $ 194