v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net earnings (loss) $ 651 $ 436
Adjustments to reconcile net earnings (loss) to net cash from operating activities:    
Depreciation and amortization 105 102
Stock-based compensation 9 14
Share of (earnings) losses of affiliate, net (663) (577)
(Gain) loss on dilution of investment in affiliate 33 32
Realized and unrealized (gains) losses on financial instruments, net (39) (59)
Deferred income tax expense (benefit) (1) 101
Other, net (2) (2)
Changes in operating assets and liabilities:    
Current and other assets 101 57
Payables and other liabilities (25) (25)
Net cash provided by (used in) operating activities 169 79
Cash flows from investing activities:    
Capital expenditures (119) (123)
Grant proceeds received for capital expenditures 19 19
Cash received for Charter shares repurchased by Charter 600 116
Other investing activities, net 11 (16)
Net cash provided by (used in) investing activities 511 (4)
Cash flows from financing activities:    
Borrowings of debt 1,191 266
Repayments of debt, tower obligations and finance leases (1,902) (348)
Repurchases of Liberty Broadband common stock   (89)
Other financing activities, net (2) (1)
Net cash provided by (used in) financing activities (713) (172)
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents (33) (97)
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of period 229 176
Cash, cash equivalents, restricted cash and restricted cash equivalents, end of period $ 196 $ 79