| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||
11,638 | 850 | -2,720 | 1,767 | -1,049 | -647 | -905 | 387 | -671 |
Earnings from discontinued operations | ||||||||
13,047 | 2,261 | -370 | 117 | 51 | 333 | -23 | 971 | 130 |
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ||||||||
-1,409 | -1,411 | -2,350 | 1,650 | -1,101 | -980 | -882 | -583 | -801 |
Adjustments to reconcile earnings (loss) from continuing operations to net cash provided by operating activities of continuing operations: | ||||||||
Share-based compensation expense | ||||||||
305 | 206 | 162 | 268 | 315 | 257 | 300 | 110 | 129 |
Depreciation and amortization | ||||||||
3,652 | 3,858 | 3,790 | 4,117 | 5,609 | 5,500 | 4,276 | 2,661 | 2,424 |
Release of litigation provision | ||||||||
- | - | - | - | - | - | 146 | 0 | 0 |
Impairment, restructuring and other operating items, net | ||||||||
156 | 248 | 79 | 124 | 150 | 536 | 297 | 76 | 64 |
Amortization of deferred financing costs and non-cash interest | ||||||||
53 | 56 | 61 | 69 | 76 | 84 | 78 | 65 | 78 |
Realized and unrealized losses (gains) on derivative instruments, net | ||||||||
-192 | 1,125 | -1,052 | 1,022 | 619 | 88 | -1,020 | -1,070 | -59 |
Foreign currency transaction gains, net | ||||||||
-94 | 90 | -181 | -326 | -925 | -836 | 349 | 438 | -566 |
Realized and unrealized losses due to changes in fair values of certain investments and debt, net | ||||||||
72 | -384 | 43 | -456 | 124 | 203 | 523 | -19 | -160 |
Losses on debt extinguishment, net | ||||||||
-216 | -65 | -252 | -233 | -388 | -186 | -212 | -213 | -218 |
Share of results of affiliates, net | ||||||||
-198 | -8 | -95 | -111 | -54 | - | - | - | - |
Gain on the VodafoneZiggo JV Transaction | ||||||||
- | - | - | 520 | 0 | 0 | - | - | - |
Deferred income tax expense (benefit) | ||||||||
65 | 438 | 46 | -1,428 | -31 | -350 | 18 | 36 | 146 |
Excess tax benefits from share-based compensation | ||||||||
- | - | - | - | - | 7 | 41 | 6 | 37 |
Changes in operating assets and liabilities, net of the effects of acquisitions and dispositions: | ||||||||
Receivables and other operating assets | ||||||||
-876 | -635 | -466 | -362 | -452 | -860 | -866 | -785 | -671 |
Payables and accruals | ||||||||
-787 | 459 | -651 | -915 | -701 | -1,017 | -1,208 | -1,171 | -1,170 |
Dividends from affiliates and others | ||||||||
170 | 252 | 299 | 39 | 29 | - | - | - | - |
Net cash provided by operating activities of continuing operations | ||||||||
3,714 | 3,985 | 3,442 | 3,873 | 5,422 | - | - | - | - |
Net cash provided by operating activities of discontinued operations | ||||||||
871 | 1,978 | 2,265 | 2,067 | 310 | -9 | 10 | 82 | 226 |
Net cash provided by operating activities | ||||||||
4,585 | 5,963 | 5,708 | 5,940 | 5,732 | 5,603 | 3,931 | 2,919 | 2,736 |
Cash flows from investing activities: | ||||||||
Funding of the Vodafone Escrow Accounts, net | ||||||||
295 | 0 | 0 | - | - | - | - | - | - |
Cash paid for investments | ||||||||
256 | 88 | 118 | 140 | 998 | 1,016 | 1,350 | 32 | 25 |
Cash paid in connection with acquisitions, net of cash acquired | ||||||||
23 | 82 | 413 | 1,393 | 113 | 73 | 4,073 | 154 | 1,980 |
Cash received from sale of investments | ||||||||
- | - | - | 147 | 0 | 0 | - | - | - |
Proceeds received upon disposition of discontinued operations, net | ||||||||
11,203 | 2,058 | 0 | 0 | - | 988 | 0 | 1,055 | 0 |
Capital expenditures, net | ||||||||
1,243 | 1,453 | 1,250 | 1,539 | 2,272 | 2,684 | 2,481 | 1,868 | 1,920 |
Distributions received from affiliates | ||||||||
0 | 0 | 1,569 | 0 | 0 | - | - | - | - |
Equalization payment related to the VodafoneZiggo JV Transaction | ||||||||
0 | 0 | 845 | 0 | 0 | - | - | - | - |
Cash and cash equivalents and restricted cash contributed to the VodafoneZiggo JV in connection with the VodafoneZiggo JV Transaction | ||||||||
- | - | - | 3,150 | - | - | - | - | - |
Increase in KBW Escrow Account | ||||||||
- | - | - | - | - | - | - | - | 1,650 |
Decrease in KBW Escrow Account | ||||||||
- | - | - | - | - | - | - | - | 1,522 |
Other investing activities, net | ||||||||
-155 | -167 | -148 | -76 | 44 | 13 | 44 | -41 | -33 |
Net cash used by investing activities of continuing operations | ||||||||
9,541 | 601 | 781 | -6,000 | -3,429 | - | - | - | - |
Net cash used by investing activities of discontinued operations | ||||||||
-266 | -514 | -1,341 | -1,043 | -400 | -3 | -14 | -123 | 10 |
Net cash used by investing activities | ||||||||
9,274 | 87 | -560 | -7,043 | -3,829 | -2,803 | -7,965 | -1,080 | -4,010 |
Cash flows from financing activities: | ||||||||
Repayments and repurchases of debt and finance lease obligations | ||||||||
10,300 | 8,170 | 8,177 | 10,952 | 13,880 | 11,316 | 8,318 | 4,373 | 4,518 |
Borrowings of debt | ||||||||
6,618 | 4,396 | 7,215 | 14,802 | 14,969 | 9,572 | 9,670 | 5,981 | 5,622 |
Repurchases of Liberty Global ordinary shares | ||||||||
3,219 | 2,009 | 2,976 | 1,968 | 2,320 | 1,584 | 1,157 | 970 | 912 |
Net cash received (paid) related to derivative instruments | ||||||||
331 | 112 | 138 | 251 | 301 | 221 | -524 | 108 | 80 |
Change in cash collateral | ||||||||
- | - | - | - | -56 | -58 | 3,593 | 59 | -64 |
Payment of financing costs and debt premiums | ||||||||
206 | 73 | 249 | 217 | 418 | 379 | 389 | 229 | 254 |
Repurchases by Telenet of its outstanding shares | ||||||||
114 | 244 | 36 | 54 | - | - | - | - | - |
Distributions by subsidiaries to noncontrolling interest owners | ||||||||
32 | 290 | 13 | 13 | - | - | 541 | 335 | 416 |
Value-added taxes (VAT) paid on behalf of the VodafoneZiggo JV | ||||||||
0 | 0 | 162 | 0 | 0 | - | - | - | - |
Net cash paid associated with call option contracts on Liberty Global ordinary shares | ||||||||
- | - | - | - | - | - | 59 | - | - |
Purchase of additional shares of subsidiaries | ||||||||
- | - | - | - | 142 | 260 | 461 | 0 | 19 |
Change in cash collateral | ||||||||
- | - | - | - | -56 | - | 3,593 | 59 | -64 |
Decrease in restricted cash related to the Telenet Tender | ||||||||
- | - | - | - | - | - | -1,539 | 1,464 | 0 |
Payment of net settled employee withholding taxes on share-based incentive awards | ||||||||
- | - | - | - | - | - | - | - | 116 |
Excess tax benefits from share-based compensation | ||||||||
- | - | - | - | - | - | - | - | 37 |
Contributions by noncontrolling interest owners to subsidiaries | ||||||||
- | - | - | - | - | - | - | 115 | 26 |
Other financing activities, net | ||||||||
1 | -7 | 33 | -8 | -184 | -11 | 103 | -139 | 54 |
Net cash used by financing activities of continuing operations | ||||||||
-6,922 | -6,286 | -4,504 | 1,336 | -2,334 | - | - | - | - |
Net cash used by financing activities of discontinued operations | ||||||||
-254 | 96 | -175 | 362 | 269 | -1 | -7 | -4 | -106 |
Net cash used by financing activities | ||||||||
-7,176 | -6,189 | -4,679 | 1,699 | -2,064 | -4,261 | 4,615 | -1,469 | -747 |
Effect of exchange rate changes on cash and cash equivalents and restricted cash: | ||||||||
Continuing operations | ||||||||
0 | -43 | 114 | -40 | -2 | -81 | 85 | 28 | 32 |
Discontinued operations | ||||||||
-1 | -1 | 1 | 1 | -12 | - | - | -9 | 1 |
Total | ||||||||
-0 | -45 | 115 | -38 | -15 | - | - | 18 | 34 |
Net decrease in cash and cash equivalents and restricted cash: | ||||||||
Continuing operations | ||||||||
6,333 | -1,743 | -166 | -829 | -343 | -1,528 | 679 | 443 | -2,119 |
Discontinued operations | ||||||||
- | - | - | - | 167 | -14 | -12 | -55 | 131 |
Total | ||||||||
6,682 | -184 | 582 | 558 | -176 | -1,543 | 667 | 387 | -1,987 |
Cash and cash equivalents and restricted cash: | ||||||||
Total | ||||||||
1,784 | 1,842 | 2,286 | 2,608 | 2,170 | - | - | 1,591 | 1,383 |
Net increase (decrease) (excluding, during 2017, LiLAC Group activity related to cash balances included in discontinued operations) | ||||||||
6,682 | -184 | 595 | 251 | - | - | - | - | - |
Total | ||||||||
6,682 | -184 | 582 | - | - | - | - | - | - |
Cash paid for interest: | ||||||||
Continuing operations | ||||||||
1,422 | 1,405 | 1,380 | 1,844 | 2,024 | 2,376 | 2,148 | 1,562 | 1,329 |
Discontinued operations | ||||||||
361 | 436 | 905 | 763 | 146 | - | - | 28 | 54 |
Net cash paid (received) for taxes: | ||||||||
Continuing operations | ||||||||
358 | 309 | 269 | 231 | 213 | 97 | 97 | 0 | 47 |
Discontinued operations | ||||||||
135 | 55 | 143 | 209 | 22 | 2 | 11 | 11 | 7 |
Total | ||||||||
494 | 364 | 413 | 440 | 236 | 99 | 109 | 11 | 54 |
Discontinued operations - Vodafone Disposal Group, UPC Austria and UPC DTH | ||||||||
Discontinued operations | ||||||||
349 | 1,558 | 761 | 1,081 | - | - | - | - | - |
Discontinued operations - LiLAC Group | ||||||||
Discontinued operations | ||||||||
0 | 0 | -12 | 306 | - | - | - | - | - |