v3.24.0.1
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities      
Net income $ 15,107 $ 4,925 $ 13,833
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 14,336 13,821 13,804
Goodwill and long-lived asset impairments 0 8,583 0
Share-based compensation 1,241 1,336 1,315
Noncash interest expense (income), net 316 309 482
Net (gain) loss on investment activity and other (768) 1,177 (1,311)
Deferred income taxes (2,739) (834) 1,892
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:      
Current and noncurrent receivables, net (996) (1,327) (1,335)
Film and television costs, net (260) (451) (680)
Accounts payable and accrued expenses related to trade creditors (520) 497 765
Other operating assets and liabilities 2,784 (1,623) 382
Net cash provided by operating activities 28,501 26,413 29,146
Investing Activities      
Capital expenditures (12,242) (10,626) (9,174)
Cash paid for intangible assets (3,298) (3,141) (2,883)
Construction of Universal Beijing Resort (137) (330) (976)
Acquisitions, net of cash acquired 0 (12) (1,374)
Proceeds from sales of businesses and investments 661 1,985 684
Advance on sale of investment 8,610 0 0
Purchases of investments (1,313) (2,274) (174)
Other 558 258 451
Net cash provided by (used in) investing activities (7,161) (14,140) (13,446)
Financing Activities      
Proceeds from (repayments of) short-term borrowings, net (660) 660 0
Proceeds from borrowings 6,052 2,745 2,628
Repurchases and repayments of debt (4,015) (2,307) (11,498)
Repayment of collateralized obligation (5,175) 0 0
Repurchases of common stock under repurchase program and employee plans (11,291) (13,328) (4,672)
Dividends paid (4,766) (4,741) (4,532)
Other 5 786 (544)
Net cash provided by (used in) financing activities (19,850) (16,184) (18,618)
Impact of foreign currency on cash, cash equivalents and restricted cash 9 (86) (71)
Increase (decrease) in cash, cash equivalents and restricted cash 1,500 (3,997) (2,989)
Cash, cash equivalents and restricted cash, beginning of year 4,782 8,778 11,768
Cash, cash equivalents and restricted cash, end of year $ 6,282 $ 4,782 $ 8,778