Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.3.0.814
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Net earnings (loss) $ 59 $ 42
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 199 219
Stock-based compensation 60 54
Excess tax benefit from stock-based compensation (28) (20)
Deferred income tax expense (benefit) (29) (59)
Other noncash charges (credits), net (11) 6
Changes in operating assets and liabilities    
Current and other assets (96) (53)
Payables and other liabilities 136 116
Net cash provided (used) by operating activities 290 305
Cash flows from investing activities:    
Capital expenditures, including internal-use software and website development (96) (57)
Payments to Acquire Businesses, Net of Cash Acquired (29) (284)
Purchases of short term investments and other marketable securities (150) (219)
Sales and maturities of short term investments and other marketable securities 124 413
Other investing activities, net 22 1
Net cash provided (used) by investing activities (129) (146)
Cash flows from financing activities:    
Borrowings of debt, net of financing costs 291 427
Repayments of debt (341) (33)
Distribution to Liberty   (348)
Payment of minimum withholding taxes on net share settlements of equity awards (66) (32)
Excess tax benefit from stock-based compensation 28 20
Shares issued by subsidiary 10 2
Option exercises 5  
Other financing activities, net 13 (6)
Net cash provided (used) by financing activities (60) 30
Effect of foreign currency exchange rates on cash (8)  
Net increase (decrease) in cash and cash equivalents 93 189
Cash and cash equivalents at beginning of period 509 354
Cash and cash equivalents at end of period $ 602 $ 543