v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES      
Net income $ 2,293 $ 1,554 $ 1,253
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 385 389 411
Amortization of cable distribution investments 10 16 16
Restructuring, impairment and other corporate matters 267 67 367
Equity-based compensation 135 90 74
Equity losses (earnings) of affiliates 29 44 (4)
Cash distributions received from affiliates 13 0 0
Non-operating other, net (438) 47 (368)
Deferred income taxes 164 203 321
Change in operating assets and liabilities, net of acquisitions and dispositions      
Receivables and other assets (95) (172) (104)
Inventories net of programming payable 521 (303) 145
Accounts payable and accrued expenses 89 (1) (68)
Other changes, net (49) (94) (243)
Net cash provided by operating activities 3,324 1,840 1,800
INVESTING ACTIVITIES      
Property, plant and equipment (331) (345) (357)
Acquisitions, net of cash acquired (97) 0 0
Purchase of investments (79) (103) (54)
Other investing activities, net (30) (4) (27)
Net cash used in investing activities (537) (452) (438)
FINANCING ACTIVITIES      
Repurchase of shares (1,000) (1,000) (2,000)
Repayment of borrowings (600) (1,250) 0
Borrowings 0 1,232 0
Dividends paid and distributions (277) (281) (299)
Sale of subsidiary noncontrolling interest 0 0 35
Other financing activities, net 122 (42) (26)
Net cash used in financing activities (1,755) (1,341) (2,290)
Net increase (decrease) in cash and cash equivalents 1,032 47 (928)
Cash and cash equivalents, beginning of year 4,319 4,272 5,200
Cash and cash equivalents, end of year $ 5,351 $ 4,319 $ 4,272