Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Cash Flows

v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net (loss) income $ (1,022) $ 211 $ (1,810)  
Adjustments to reconcile net (loss) income to net cash provided by operating activities:        
Deferred income taxes (225) 55 (61)  
Foreign currency gain (loss) 9 10 (32)  
Depreciation 77 90 111  
Amortization 274 282 290  
Goodwill and Intangible Asset Impairment 1,480 326 2,600  
Other Noncash Income (Expense) 6 9 9  
Other charges, net 92 (61) (57)  
Gain (loss) on extinguishment of debt 0 (10) 6  
Stock-based compensation 20 37 36  
Gains on sales of assets and sale leaseback transactions (1) (113) (520)  
Gain on insurance proceeds, net of fire related costs 0 (225) (132)  
Insurance proceeds received for operating expenses and business interruption losses 0 226 96  
Decrease in accounts receivable 142 38 144  
(Increase) decrease in inventories (53) 184 296  
Decrease (increase) in prepaid expenses and other current assets 6 (14) 32  
Decrease in accounts payable-trade (102) (1) (390)  
Decrease in accrued liabilities and other (150) (72) (323)  
Net cash provided by operating activities 535 1,094 409  
Investing activities:        
Capital expenditures (173) (182) (216)  
Expenditures for television distribution rights 37 113 45  
Insurance proceeds received for fixed asset loss 0 54 184  
Proceeds from derivative instruments 0 167 0  
Payments for derivative instruments 0 (179) 0  
Changes in other noncurrent assets (4) (4) (6)  
Proceeds from sale of fixed assets 6 208 701  
Other investing activities 2 2 20  
Net cash (used in) provided by investing activities (206) (47) 638  
Principal payments of debt and finance lease obligations 1,677 1,354 2,030  
Proceeds from Long-term Lines of Credit 2,014 1,152 2,750  
Principal repayment of senior secured notes (775) (396) (536)  
Payment of premium on redemption of senior secured notes 0 0 (6)  
Capital contributions received from QVC Group, Inc. 277      
Dividends paid to noncontrolling interest 51 53 68  
Withholding taxes on net share settlements of stock-based compensation (1) 0 (5)  
Net cash used in financing activities (321) (1,088) (1,165)  
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (15) (4) (34)  
Net (decrease) in cash, cash equivalents and restricted cash (7) (45) (152)  
Cash, cash equivalents and restricted cash, beginning of year   322 367 $ 519
Cash, cash equivalents and restricted cash, end of year 315 322 367  
Supplemental Cash Flow Information [Abstract]        
Cash paid for taxes-to QVC Group, Inc. 173 11 280  
Cash paid for taxes-other 87 89 126  
Cash paid for interest 259 271 233  
Qurate        
Investing activities:        
Dividends paid to QVC Group, Inc. (108) (437) (1,270)  
Liberty        
Investing activities:        
Capital contributions received from QVC Group, Inc. $ 277 $ 0 $ 0