Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Cash Flows

v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Net (loss) earnings $ (33) $ 62
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:    
Depreciation, Depletion and Amortization 95 92
Stock-based compensation 4 12
Sale and Leaseback Transaction, Gain (Loss), Net 0 (1)
Change in fair value of financial instruments and noncash interest (1) (1)
Deferred income taxes 2 1
Other charges, net 24 21
Decrease in trade and other receivables 298 311
Increase in inventory (92) (100)
Decrease in other current assets 31 30
Decrease in accounts payable (106) (91)
Decrease in accrued and other liabilities (176) (252)
Net cash provided by operating activities 46 84
Cash flows from investing activities:    
Capital expenditures (30) (32)
Expenditures for television distribution rights (43) (2)
Proceeds from Sale of Property, Plant, and Equipment 0 6
Increase (Decrease) in Deferred Charges, Investing (1) (1)
Net cash used in investing activities (74) (29)
Cash flows from financing activities:    
Borrowings of debt 866 1,570
Repayments of debt (797) (1,555)
Dividends paid to noncontrolling interest (11) (11)
Other financing activities, net (1) (1)
Net cash provided by (used in) financing activities 15 (39)
Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash 12 (12)
Net (decrease) increase in cash, cash equivalents and restricted cash (1) 4
Cash, cash equivalents and restricted cash at beginning of period 315 322
Cash, cash equivalents and restricted cash at end of period 314 326
Qurate    
Cash flows from financing activities:    
Dividends paid to QVC Group, Inc. $ (42) $ (42)