Is the company able to effectively manage its cash flow, based on the information presented in the cash flow statement. Be sure to comment on the cash flow results for the three key activities (operating, investing, and financing). OPERATING ACTIVITIES CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) 2023 2002 2021 Net inconse from continuing operations Depreciation and amortization Impairments of produced and licensed content costs and goodwill S 3.390 S 3.553 S 2536 5.369 5.163 5.111 2,987 Net (gain) loss on investments Deferred income taxes (166) 714 (332) (1,346) 200 (1.241) Equity in the income of investees (782) (816) (761) Cash distributions received from equity investees 720 779 754 Net change in produced and licensed content costs and advances (1.908) (6,271) (4.301) Equity-based compensation 1.143 917 600 Pension and postretirement medical cost amortization 620 816 Other, net 278 595 190 Changes in operating assets and liabilities Receivables Inventories Other assets Accounts payable and other liabilities Income taxes Cash provided by operations - continuing operations 358 605 (357) (183) (420) 252 (201) (707) 171 (1,142) 964 2.410 1.345 46 (282) 9.866 6.002 5.566 FINANCING ACTIVITIES Commercial paper payments, net (191) (334) (26) Borrowings 83 333 64 Reduction of borrowings (1,675) (4,016) (3,737) Proceeds from exercise of stock options 52 127 435 Contributions from/sales of noncontrolling interests 735 74 91 Acquisition of redeemable noncontrolling interests Other, net (900) (350) (828) (913) (862) Cash used in financing activities - continuing operations (2,724) (4,729) (4385) CASH FLOWS FROM DISCONTINUED OPERATIONS Cash provided by operations - discontinued operations Cash provided by investing activities - discontinued operations Cash used in financing activities - discontinued operations Cash (used in) provided by discontinued operations (12) (4) 9 Impact of exchange rates on cash, cash equivalents and restricted cash 73 (603) 30 Change in cash, cash equivalents and restricted cash 2.574 (4.342) (1.951) Cash, cash equivalents and restricted cash, beginning of year 11,661 16,003 17,954 Cash, cash equivalents and restricted cash, end of year 14.235 11.661 S 16.003 Supplemental disclosure of cash flow information: Interest paid Income taxes paid $ 2.110 S 1.685 S 1.892 S 1.193 $ 1097 S 1.638