v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net earnings (loss) $ 24 $ (763)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities    
Depreciation and amortization 112 126
Stock-based compensation 93 81
Realized and unrealized (gains) losses on financial instruments, net (189) 1
Impairment of goodwill and intangible assets 550
Deferred income tax expense (benefit) (29) (62)
Other charges (credits), net 15 29
Changes in operating assets and liabilities    
Current and other assets (96) 66
Payables and other liabilities 105 (227)
Net cash provided (used) by operating activities 35 (199)
Cash flows from investing activities:    
Capital expended for property and equipment, including internal-use software and website development (40) (46)
Other investing activities, net (1) (1)
Net cash provided (used) by investing activities (41) (47)
Cash flows from financing activities:    
Borrowings of debt 675 1,240
Repayments of debt (1,052)
Repurchase of Series A Preferred Stock (281)  
Shares repurchased by subsidiary   (115)
Payment of withholding taxes on net share settlements of equity awards (39) (18)
Issuance of redeemable preferred stock   325
Subsidiary purchase of capped calls (35)  
Other financing activities, net (8) (26)
Net cash provided (used) by financing activities 312 354
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash (7) 4
Net increase (decrease) in cash, cash equivalents and restricted cash 299 112
Cash, cash equivalents and restricted cash at beginning of period 423 341
Cash, cash equivalents and restricted cash at end of period $ 722 $ 453

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