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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities      
Net loss $ (494) $ (2,940) $ (519)
Adjustments to reconcile to net cash provided by operating activities:      
Amortization of contract intangible asset     4
Depreciation and amortization 190 512 559
Share-based compensation expense   26 38
Loss on impairment of assets 629 3,049 772
(Gain) loss on disposal of assets, net 4 (8) 10
Amortization of debt-related balances, net   36 39
Gain on adjustment to bifurcated compound exchange feature   (51) (153)
Gain on retirement of debt (21)   (161)
Loss on conversion of debt to equity   99  
Loss on impairment of investment in unconsolidated affiliate     5
Deferred income tax benefit   (146) (91)
Other, net   13 (18)
Changes in deferred revenues, net   (136) 98
Changes in deferred costs, net   53 (26)
Changes in other operating assets and liabilities, net   (107) (316)
Net cash provided by operating activities   400 241
Cash flows from investing activities      
Capital expenditures   (95) (225)
Investment in loan to unconsolidated affiliate     (3)
Proceeds from disposal of assets, net of costs to sell   44 99
Proceeds from disposal of equity investment in unconsolidated affiliate   4  
Cash acquired in acquisition of unconsolidated affiliate     5
Net cash used in investing activities   (47) (124)
Cash flows from financing activities      
Repayments of debt   (450) (2,073)
Proceeds from issuance of debt, net of issue costs     1,767
Proceeds from issuance of shares, net of issue costs   421  
Other, net   (15) (6)
Net cash used in financing activities   (44) (312)
Net increase (decrease) in unrestricted and restricted cash and cash equivalents   309 (195)
Unrestricted and restricted cash and cash equivalents, beginning of period   941 995
Unrestricted and restricted cash and cash equivalents, end of period $ 800 $ 1,250 $ 800