Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net earnings (loss) $ (703) $ 34
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities    
Depreciation and amortization 85 83
Stock-based compensation 52 63
Impairment of goodwill and intangible assets 547  
Realized and unrealized (gains) losses on financial instruments, net   (6)
Deferred income tax expense (benefit) (59) 12
Other charges (credits), net 31 2
Changes in operating assets and liabilities    
Current and other assets 71 (62)
Payables and other liabilities (187) 221
Net cash provided (used) by operating activities (163) 347
Cash flows from investing activities:    
Capital expended for property and equipment, including internal-use software and website development (36) (38)
Purchases of short term investments and other marketable securities   (69)
Sales and maturities of short term investments and other marketable securities   20
Other investing activities, net 1  
Net cash provided (used) by investing activities (35) (87)
Cash flows from financing activities:    
Borrowings of debt 740 114
Repayments of debt (352) (100)
Shares repurchased by subsidiary (115)  
Payment of withholding taxes on net share settlements of equity awards (17) (26)
Shares issued by subsidiary   1
Issuance of redeemable preferred stock 325  
Other financing activities, net (15) (4)
Net cash provided (used) by financing activities 566 (15)
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash   (2)
Net increase (decrease) in cash, cash equivalents and restricted cash 368 243
Cash, cash equivalents and restricted cash at beginning of period 341 672
Cash, cash equivalents and restricted cash at end of period $ 709 $ 915