Financial Information for Tracking Stock Groups (Tables)
|
6 Months Ended |
Jun. 30, 2019 |
|---|
| Condensed Balance Sheet |
BALANCE SHEET INFORMATION
June 30, 2019
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
β |
β |
β |
Attributed (note 1) |
β |
β |
β |
β |
β |
β |
β |
Liberty |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
SiriusXM |
β |
Braves |
β |
Formula One |
β |
Inter-Group |
β |
Consolidated |
β |
β |
ΜύΜύΜύΜύ |
Group |
β |
Group |
β |
Group |
β |
Eliminations |
β |
Liberty |
ΜύΜύΜύΜύ |
β |
β |
²Ή³Ύ΄Η³ά²Τ³Ω²υΜύΎ±²ΤΜύ³ΎΎ±±τ±τΎ±΄Η²Τ²υ |
β |
Assets |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Current assets: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Cash and cash equivalents |
β |
$ |
236 |
β |
127 |
β |
334 |
β |
β |
β |
697 |
Μύ |
Trade and other receivables, net |
β |
Μύ |
628 |
β |
83 |
β |
138 |
β |
β |
β |
849 |
Μύ |
Other current assets |
β |
Μύ |
239 |
β |
44 |
β |
102 |
β |
β |
β |
385 |
Μύ |
Total current assets |
β |
Μύ |
1,103 |
β |
254 |
β |
574 |
β |
β |
β |
1,931 |
Μύ |
Intergroup interest in the Liberty Braves Group (note 1) |
β |
β |
β |
β |
β |
β |
254 |
β |
(254) |
β |
β |
β |
Investments in affiliates, accounted for using the equity method (noteΜύ1) |
β |
Μύ |
649 |
β |
103 |
β |
942 |
β |
β |
β |
1,694 |
Μύ |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Property and equipment, at cost |
β |
Μύ |
2,592 |
β |
857 |
β |
181 |
β |
β |
β |
3,630 |
Μύ |
Accumulated depreciation |
β |
Μύ |
(1,223) |
β |
(105) |
β |
(91) |
β |
β |
β |
(1,419) |
Μύ |
β |
β |
Μύ |
1,369 |
β |
752 |
β |
90 |
β |
β |
β |
2,211 |
Μύ |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Intangible assets not subject to amortization |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Goodwill |
β |
Μύ |
15,812 |
β |
180 |
β |
3,956 |
β |
β |
β |
19,948 |
Μύ |
FCC licenses |
β |
Μύ |
8,600 |
β |
β |
β |
β |
β |
β |
β |
8,600 |
Μύ |
Other |
β |
Μύ |
1,262 |
β |
143 |
β |
β |
β |
β |
β |
1,405 |
Μύ |
β |
β |
Μύ |
25,674 |
β |
323 |
β |
3,956 |
β |
β |
β |
29,953 |
Μύ |
Intangible assets subject to amortization, net |
β |
Μύ |
1,656 |
β |
44 |
β |
4,522 |
β |
β |
β |
6,222 |
Μύ |
Other assets |
β |
Μύ |
711 |
β |
73 |
β |
960 |
β |
(55) |
β |
1,689 |
Μύ |
Total assets |
β |
$ |
31,162 |
β |
1,549 |
β |
11,298 |
β |
(309) |
β |
43,700 |
Μύ |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Liabilities and Equity |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Current liabilities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Intergroup payable (receivable) (note 3) |
β |
$ |
β |
β |
(8) |
β |
8 |
β |
β |
β |
β |
β |
Accounts payable and accrued liabilities |
β |
β |
1,220 |
Μύ |
62 |
β |
225 |
β |
β |
β |
1,507 |
β |
Current portion of debt (noteΜύ1) |
β |
Μύ |
β |
Μύ |
13 |
β |
β |
β |
β |
β |
13 |
β |
Deferred revenue |
β |
Μύ |
1,974 |
Μύ |
95 |
β |
287 |
β |
β |
β |
2,356 |
β |
Other current liabilities |
β |
Μύ |
71 |
Μύ |
8 |
β |
18 |
β |
β |
β |
97 |
β |
Total current liabilities |
β |
Μύ |
3,265 |
Μύ |
170 |
β |
538 |
β |
β |
β |
3,973 |
β |
Long-term debt (note 1) |
β |
Μύ |
8,703 |
Μύ |
452 |
β |
5,256 |
β |
β |
β |
14,411 |
β |
Deferred income tax liabilities |
β |
Μύ |
1,809 |
Μύ |
70 |
β |
β |
β |
(55) |
β |
1,824 |
β |
Redeemable intergroup interest (note 1) |
β |
β |
β |
β |
254 |
β |
β |
β |
(254) |
β |
β |
β |
Other liabilities |
β |
Μύ |
653 |
Μύ |
200 |
β |
158 |
β |
β |
β |
1,011 |
β |
Total liabilities |
β |
Μύ |
14,430 |
Μύ |
1,146 |
β |
5,952 |
β |
(309) |
β |
21,219 |
β |
Equity / Attributed net assets |
β |
Μύ |
10,842 |
Μύ |
411 |
β |
5,343 |
β |
β |
β |
16,596 |
β |
Noncontrolling interests in equity of subsidiaries |
β |
Μύ |
5,890 |
Μύ |
(8) |
β |
3 |
β |
β |
β |
5,885 |
β |
Total liabilities and equity |
β |
$ |
31,162 |
Μύ |
1,549 |
β |
11,298 |
β |
(309) |
β |
43,700 |
β |
|
| Condensed Statement of Operations |
STATEMENT OF OPERATIONS INFORMATION
Three months ended June 30, 2019
(unaudited)
β
|
|
|
|
|
|
|
|
|
|
|
β |
β |
β |
Attributed (note 1) |
β |
β |
β |
β |
β |
Liberty |
β |
β |
β |
β |
β |
β |
β |
β |
β |
SiriusXM |
β |
Braves |
β |
Formula One |
β |
Consolidated |
β |
β |
β |
Group |
β |
Group |
β |
Group |
β |
Liberty |
β |
β |
β |
amounts in millions |
β |
Revenue: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
SIRIUS XM Holdings revenue |
β |
$ |
1,977 |
Μύ |
β |
β |
β |
β |
1,977 |
β |
Formula 1 revenue |
β |
β |
β |
β |
β |
β |
620 |
β |
620 |
β |
Other revenue |
β |
Μύ |
β |
Μύ |
208 |
β |
β |
β |
208 |
β |
Total revenue |
β |
Μύ |
1,977 |
Μύ |
208 |
β |
620 |
β |
2,805 |
β |
Operating costs and expenses, including stock-based compensation (note 2): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Cost of services (exclusive of depreciation shown separately below): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Revenue share and royalties |
β |
Μύ |
600 |
Μύ |
β |
β |
β |
β |
600 |
β |
Programming and content |
β |
Μύ |
116 |
Μύ |
β |
β |
β |
β |
116 |
β |
Customer service and billing |
β |
Μύ |
119 |
Μύ |
β |
β |
β |
β |
119 |
β |
Other |
β |
Μύ |
47 |
Μύ |
β |
β |
β |
β |
47 |
β |
Cost of Formula 1 revenue |
β |
β |
β |
β |
β |
β |
441 |
β |
441 |
β |
Subscriber acquisition costs |
β |
Μύ |
104 |
Μύ |
β |
β |
β |
β |
104 |
β |
Other operating expenses |
β |
Μύ |
74 |
Μύ |
129 |
β |
β |
β |
203 |
β |
Selling, general and administrative |
β |
Μύ |
361 |
Μύ |
24 |
β |
51 |
β |
436 |
β |
Acquisition and other related costs |
β |
β |
7 |
Μύ |
β |
β |
β |
β |
7 |
β |
Depreciation and amortization |
β |
Μύ |
136 |
Μύ |
21 |
β |
114 |
β |
271 |
β |
β |
β |
Μύ |
1,564 |
Μύ |
174 |
β |
606 |
β |
2,344 |
β |
Operating income (loss) |
β |
Μύ |
413 |
Μύ |
34 |
β |
14 |
β |
461 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(109) |
Μύ |
(7) |
β |
(51) |
β |
(167) |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
(7) |
Μύ |
7 |
β |
34 |
β |
34 |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
15 |
Μύ |
(2) |
β |
(100) |
β |
(87) |
β |
Unrealized gains (losses) on intergroup interest (note 1) |
β |
β |
β |
β |
(2) |
β |
2 |
β |
β |
β |
Other, net |
β |
Μύ |
6 |
Μύ |
1 |
β |
14 |
β |
21 |
β |
β |
β |
Μύ |
(95) |
Μύ |
(3) |
β |
(101) |
β |
(199) |
β |
Earnings (loss) before income taxes |
β |
Μύ |
318 |
Μύ |
31 |
β |
(87) |
β |
262 |
β |
Income tax (expense) benefit |
β |
Μύ |
(75) |
Μύ |
(5) |
β |
10 |
β |
(70) |
β |
Net earnings (loss) |
β |
Μύ |
243 |
Μύ |
26 |
β |
(77) |
β |
192 |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
76 |
Μύ |
β |
β |
β |
β |
76 |
β |
Net earnings (loss) attributable to Liberty stockholders |
β |
$ |
167 |
Μύ |
26 |
β |
(77) |
β |
116 |
β |
β
STATEMENT OF OPERATIONS INFORMATION
Three months ended June 30, 2018
(unaudited)
β
|
|
|
|
|
|
|
|
|
|
|
β |
β |
β |
Attributed (note 1) |
β |
β |
β |
β |
β |
Liberty |
β |
β |
β |
β |
β |
β |
β |
β |
β |
SiriusXM |
β |
Braves |
β |
Formula One |
β |
Consolidated |
β |
β |
β |
Group |
β |
Group |
β |
Group |
β |
Liberty |
β |
β |
β |
amounts in millions |
β |
Revenue: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
SIRIUS XM Holdings revenue |
β |
$ |
1,432 |
Μύ |
β |
β |
β |
β |
1,432 |
β |
Formula 1 revenue |
β |
β |
β |
β |
β |
β |
585 |
β |
585 |
β |
Other revenue |
β |
Μύ |
β |
Μύ |
182 |
β |
β |
β |
182 |
β |
Total revenue |
β |
Μύ |
1,432 |
Μύ |
182 |
β |
585 |
β |
2,199 |
β |
Operating costs and expenses, including stock-based compensation (note 2): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Cost of services (exclusive of depreciation shown separately below): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Revenue share and royalties |
β |
Μύ |
404 |
Μύ |
β |
β |
β |
β |
404 |
β |
Programming and content |
β |
Μύ |
105 |
Μύ |
β |
β |
β |
β |
105 |
β |
Customer service and billing |
β |
Μύ |
95 |
Μύ |
β |
β |
β |
β |
95 |
β |
Other |
β |
Μύ |
33 |
Μύ |
β |
β |
β |
β |
33 |
β |
Cost of Formula 1 revenue |
β |
β |
β |
β |
β |
β |
414 |
β |
414 |
β |
Subscriber acquisition costs |
β |
Μύ |
119 |
β |
β |
β |
β |
β |
119 |
β |
Other operating expenses |
β |
Μύ |
27 |
Μύ |
97 |
β |
β |
β |
124 |
β |
Selling, general and administrative |
β |
Μύ |
224 |
Μύ |
27 |
β |
49 |
β |
300 |
β |
Depreciation and amortization |
β |
Μύ |
92 |
Μύ |
23 |
β |
116 |
β |
231 |
β |
β |
β |
Μύ |
1,099 |
Μύ |
147 |
β |
579 |
β |
1,825 |
β |
Operating income (loss) |
β |
Μύ |
333 |
Μύ |
35 |
β |
6 |
β |
374 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(99) |
Μύ |
(7) |
β |
(47) |
β |
(153) |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
(1) |
Μύ |
3 |
β |
20 |
β |
22 |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
62 |
Μύ |
β |
β |
(4) |
β |
58 |
β |
Unrealized gains (losses) on intergroup interest (note 1) |
β |
β |
β |
β |
(28) |
β |
28 |
β |
β |
β |
Other, net |
β |
Μύ |
12 |
Μύ |
1 |
β |
8 |
β |
21 |
β |
β |
β |
Μύ |
(26) |
Μύ |
(31) |
β |
5 |
β |
(52) |
β |
Earnings (loss) before income taxes |
β |
Μύ |
307 |
Μύ |
4 |
β |
11 |
β |
322 |
β |
Income tax (expense) benefit |
β |
Μύ |
(59) |
Μύ |
(7) |
β |
(1) |
β |
(67) |
β |
Net earnings (loss) |
β |
Μύ |
248 |
Μύ |
(3) |
β |
10 |
β |
255 |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
83 |
Μύ |
(1) |
β |
1 |
β |
83 |
β |
Net earnings (loss) attributable to Liberty stockholders |
β |
$ |
165 |
Μύ |
(2) |
β |
9 |
β |
172 |
β |
β
STATEMENT OF OPERATIONS INFORMATION
Six months ended June 30, 2019
(unaudited)
β
|
|
|
|
|
|
|
|
|
|
|
β |
β |
β |
Attributed (note 1) |
β |
β |
β |
β |
β |
Liberty |
β |
β |
β |
β |
β |
β |
β |
β |
β |
SiriusXM |
β |
Braves |
β |
Formula One |
β |
Consolidated |
β |
β |
β |
Group |
β |
Group |
β |
Group |
β |
Liberty |
β |
β |
β |
amounts in millions |
β |
Revenue: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
SIRIUS XM Holdings revenue |
β |
$ |
3,721 |
Μύ |
β |
β |
β |
β |
3,721 |
β |
Formula 1 revenue |
β |
β |
β |
β |
β |
β |
866 |
β |
866 |
β |
Other revenue |
β |
Μύ |
β |
Μύ |
230 |
β |
β |
β |
230 |
β |
Total revenue |
β |
Μύ |
3,721 |
Μύ |
230 |
β |
866 |
β |
4,817 |
β |
Operating costs and expenses, including stock-based compensation (note 2): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Cost of subscriber services (exclusive of depreciation shown separately below): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Revenue share and royalties |
β |
Μύ |
1,092 |
Μύ |
β |
β |
β |
β |
1,092 |
β |
Programming and content |
β |
Μύ |
222 |
Μύ |
β |
β |
β |
β |
222 |
β |
Customer service and billing |
β |
Μύ |
232 |
Μύ |
β |
β |
β |
β |
232 |
β |
Other |
β |
Μύ |
84 |
Μύ |
β |
β |
β |
β |
84 |
β |
Cost of Formula 1 revenue |
β |
β |
β |
β |
β |
β |
589 |
β |
589 |
β |
Subscriber acquisition costs |
β |
Μύ |
212 |
Μύ |
β |
β |
β |
β |
212 |
β |
Other operating expenses |
β |
Μύ |
128 |
Μύ |
160 |
β |
β |
β |
288 |
β |
Selling, general and administrative |
β |
Μύ |
687 |
Μύ |
51 |
β |
97 |
β |
835 |
β |
Acquisition and other related costs |
β |
β |
83 |
Μύ |
β |
β |
β |
β |
83 |
β |
Depreciation and amortization |
β |
Μύ |
261 |
Μύ |
34 |
β |
224 |
β |
519 |
β |
β |
β |
Μύ |
3,001 |
Μύ |
245 |
β |
910 |
β |
4,156 |
β |
Operating income (loss) |
β |
Μύ |
720 |
Μύ |
(15) |
β |
(44) |
β |
661 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(211) |
Μύ |
(14) |
β |
(101) |
β |
(326) |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
(11) |
Μύ |
9 |
β |
16 |
β |
14 |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
16 |
Μύ |
(4) |
β |
(197) |
β |
(185) |
β |
Unrealized gains (losses) on intergroup interest (note 1) |
β |
β |
β |
β |
(28) |
β |
28 |
β |
β |
β |
Other, net |
β |
Μύ |
9 |
Μύ |
1 |
β |
19 |
β |
29 |
β |
β |
β |
Μύ |
(197) |
Μύ |
(36) |
β |
(235) |
β |
(468) |
β |
Earnings (loss) before income taxes |
β |
Μύ |
523 |
Μύ |
(51) |
β |
(279) |
β |
193 |
β |
Income tax (expense) benefit |
β |
Μύ |
(188) |
Μύ |
6 |
β |
54 |
β |
(128) |
β |
Net earnings (loss) |
β |
Μύ |
335 |
Μύ |
(45) |
β |
(225) |
β |
65 |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
107 |
Μύ |
β |
β |
β |
β |
107 |
β |
Net earnings (loss) attributable to Liberty stockholders |
β |
$ |
228 |
Μύ |
(45) |
β |
(225) |
β |
(42) |
β |
β
STATEMENT OF OPERATIONS INFORMATION
Six months ended June 30, 2018
(unaudited)
β
|
|
|
|
|
|
|
|
|
|
|
β |
β |
β |
Attributed (note 1) |
β |
β |
β |
β |
β |
Liberty |
β |
β |
β |
β |
β |
β |
β |
β |
β |
SiriusXM |
β |
Braves |
β |
Formula One |
β |
Consolidated |
β |
β |
β |
Group |
β |
Group |
β |
Group |
β |
Liberty |
β |
β |
β |
amounts in millions |
β |
Revenue: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
SIRIUS XM Holdings revenue |
β |
$ |
2,807 |
Μύ |
β |
β |
β |
β |
2,807 |
β |
Formula 1 revenue |
β |
β |
β |
β |
β |
β |
699 |
β |
699 |
β |
Other revenue |
β |
Μύ |
β |
Μύ |
210 |
β |
β |
β |
210 |
β |
Total revenue |
β |
Μύ |
2,807 |
Μύ |
210 |
β |
699 |
β |
3,716 |
β |
Operating costs and expenses, including stock-based compensation (note 2): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Cost of services (exclusive of depreciation shown separately below): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Revenue share and royalties |
β |
Μύ |
714 |
Μύ |
β |
β |
β |
β |
714 |
β |
Programming and content |
β |
Μύ |
206 |
Μύ |
β |
β |
β |
β |
206 |
β |
Customer service and billing |
β |
Μύ |
189 |
Μύ |
β |
β |
β |
β |
189 |
β |
Other |
β |
Μύ |
62 |
Μύ |
β |
β |
β |
β |
62 |
β |
Cost of Formula 1 revenue |
β |
β |
β |
β |
β |
β |
495 |
β |
495 |
β |
Subscriber acquisition costs |
β |
Μύ |
242 |
β |
β |
β |
β |
β |
242 |
β |
Other operating expenses |
β |
Μύ |
58 |
Μύ |
141 |
β |
β |
β |
199 |
β |
Selling, general and administrative |
β |
Μύ |
426 |
Μύ |
46 |
β |
89 |
β |
561 |
β |
Depreciation and amortization |
β |
Μύ |
181 |
Μύ |
39 |
β |
227 |
β |
447 |
β |
β |
β |
Μύ |
2,078 |
Μύ |
226 |
β |
811 |
β |
3,115 |
β |
Operating income (loss) |
β |
Μύ |
729 |
Μύ |
(16) |
β |
(112) |
β |
601 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(196) |
Μύ |
(13) |
β |
(94) |
β |
(303) |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
β |
Μύ |
6 |
β |
8 |
β |
14 |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
120 |
Μύ |
β |
β |
91 |
β |
211 |
β |
Unrealized gains (losses) on intergroup interest (note 1) |
β |
β |
β |
β |
(33) |
β |
33 |
β |
β |
β |
Other, net |
β |
Μύ |
17 |
Μύ |
2 |
β |
8 |
β |
27 |
β |
β |
β |
Μύ |
(59) |
Μύ |
(38) |
β |
46 |
β |
(51) |
β |
Earnings (loss) before income taxes |
β |
Μύ |
670 |
Μύ |
(54) |
β |
(66) |
β |
550 |
β |
Income tax (expense) benefit |
β |
Μύ |
(140) |
Μύ |
(1) |
β |
59 |
β |
(82) |
β |
Net earnings (loss) |
β |
Μύ |
530 |
Μύ |
(55) |
β |
(7) |
β |
468 |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
165 |
Μύ |
(1) |
β |
1 |
β |
165 |
β |
Net earnings (loss) attributable to Liberty stockholders |
β |
$ |
365 |
Μύ |
(54) |
β |
(8) |
β |
303 |
β |
|
| Condensed Statement of Cash Flows |
STATEMENT OF CASH FLOWS INFORMATION
Six months ended June 30, 2019
(unaudited)
β
|
|
|
|
|
|
|
|
|
|
|
β |
β |
β |
Attributed (note 1) |
β |
β |
β |
β |
β |
Liberty |
β |
β |
β |
β |
β |
β |
β |
β |
β |
SiriusXM |
β |
Braves |
β |
Formula One |
β |
Consolidated |
β |
β |
β |
Group |
β |
Group |
β |
Group |
β |
Liberty |
β |
β |
β |
²Ή³Ύ΄Η³ά²Τ³Ω²υΜύΎ±²ΤΜύ³ΎΎ±±τ±τΎ±΄Η²Τ²υ |
β |
Cash flows from operating activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Net earnings (loss) |
β |
$ |
335 |
Μύ |
(45) |
β |
(225) |
β |
65 |
β |
Adjustments to reconcile net earnings to net cash provided by operating activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Depreciation and amortization |
β |
Μύ |
261 |
Μύ |
34 |
β |
224 |
β |
519 |
β |
Stock-based compensation |
β |
Μύ |
138 |
Μύ |
9 |
β |
15 |
β |
162 |
β |
Share of (earnings) loss of affiliates, net |
β |
Μύ |
11 |
Μύ |
(9) |
β |
(16) |
β |
(14) |
β |
Unrealized (gains) losses on intergroup interest, net |
β |
β |
β |
β |
28 |
β |
(28) |
β |
β |
β |
Realized and unrealized (gains) losses on financial instruments, net |
β |
Μύ |
(16) |
Μύ |
4 |
β |
197 |
β |
185 |
β |
Noncash interest expense (benefit) |
β |
β |
2 |
β |
β |
β |
1 |
β |
3 |
β |
Deferred income tax expense (benefit) |
β |
Μύ |
178 |
Μύ |
β |
β |
(63) |
β |
115 |
β |
Intergroup tax allocation |
β |
β |
(1) |
β |
(6) |
β |
7 |
β |
β |
β |
Intergroup tax (payments) receipts |
β |
β |
(2) |
β |
22 |
β |
(20) |
β |
β |
β |
Other charges (credits), net |
β |
Μύ |
2 |
Μύ |
5 |
β |
(7) |
β |
β |
β |
Changes in operating assets and liabilities |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Current and other assets |
β |
Μύ |
(14) |
Μύ |
(34) |
β |
(35) |
β |
(83) |
β |
Payables and other liabilities |
β |
Μύ |
15 |
Μύ |
56 |
β |
149 |
β |
220 |
β |
Net cash provided (used) by operating activities |
β |
Μύ |
909 |
Μύ |
64 |
β |
199 |
β |
1,172 |
β |
Cash flows from investing activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Investments in equity method affiliates and debt and equity securities |
β |
Μύ |
(9) |
Μύ |
(5) |
β |
(6) |
β |
(20) |
β |
Cash proceeds from sale of investments |
β |
β |
373 |
β |
β |
β |
β |
β |
373 |
β |
Cash received from Pandora acquisition |
β |
β |
313 |
β |
β |
β |
β |
β |
313 |
β |
Capital expended for property and equipment |
β |
Μύ |
(160) |
Μύ |
(50) |
β |
(11) |
β |
(221) |
β |
Sales of short term investments and other marketable securities |
β |
β |
72 |
Μύ |
β |
β |
β |
β |
72 |
β |
Other investing activities, net |
β |
Μύ |
(1) |
Μύ |
β |
β |
(4) |
β |
(5) |
β |
Net cash provided (used) by investing activities |
β |
Μύ |
588 |
Μύ |
(55) |
β |
(21) |
β |
512 |
β |
Cash flows from financing activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Borrowings of debt |
β |
Μύ |
2,878 |
Μύ |
1 |
β |
β |
β |
2,879 |
β |
Repayments of debt |
β |
Μύ |
(2,360) |
Μύ |
(24) |
β |
(3) |
β |
(2,387) |
β |
Series C Liberty SiriusXM stock repurchases |
β |
β |
(306) |
β |
β |
β |
β |
β |
(306) |
β |
Subsidiary shares repurchased by subsidiary |
β |
Μύ |
(1,474) |
Μύ |
β |
β |
β |
β |
(1,474) |
β |
Cash dividends paid by subsidiary |
β |
β |
(36) |
β |
β |
β |
β |
β |
(36) |
β |
Taxes paid in lieu of shares issued for stock-based compensation |
β |
Μύ |
(50) |
Μύ |
β |
β |
(7) |
β |
(57) |
β |
Other financing activities, net |
β |
β |
(3) |
β |
(7) |
β |
6 |
β |
(4) |
β |
Net cash provided (used) by financing activities |
β |
Μύ |
(1,351) |
Μύ |
(30) |
β |
(4) |
β |
(1,385) |
β |
Net increase (decrease) in cash, cash equivalents and restricted cash |
β |
Μύ |
146 |
Μύ |
(21) |
β |
174 |
β |
299 |
β |
Cash, cash equivalents and restricted cash at beginning of period |
β |
Μύ |
102 |
Μύ |
190 |
β |
160 |
β |
452 |
β |
Cash, cash equivalents and restricted cash at end of period |
β |
$ |
248 |
Μύ |
169 |
β |
334 |
β |
751 |
β |
β
STATEMENT OF CASH FLOWS INFORMATION
Six months ended June 30, 2018
(unaudited)
β
|
|
|
|
|
|
|
|
|
|
|
β |
β |
β |
Attributed (note 1) |
β |
β |
β |
β |
β |
Liberty |
β |
β |
β |
β |
β |
β |
β |
β |
β |
SiriusXM |
β |
Braves |
β |
Formula One |
β |
Consolidated |
β |
β |
β |
Group |
β |
Group |
β |
Group |
β |
Liberty |
β |
β |
β |
²Ή³Ύ΄Η³ά²Τ³Ω²υΜύΎ±²ΤΜύ³ΎΎ±±τ±τΎ±΄Η²Τ²υ |
β |
Cash flows from operating activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Net earnings (loss) |
β |
$ |
530 |
Μύ |
(55) |
β |
(7) |
β |
468 |
β |
Adjustments to reconcile net earnings to net cash provided by operating activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Depreciation and amortization |
β |
Μύ |
181 |
Μύ |
39 |
β |
227 |
β |
447 |
β |
Stock-based compensation |
β |
Μύ |
82 |
Μύ |
5 |
β |
12 |
β |
99 |
β |
Share of (earnings) loss of affiliates, net |
β |
Μύ |
β |
Μύ |
(6) |
β |
(8) |
β |
(14) |
β |
Unrealized (gains) losses on intergroup interest, net |
β |
β |
β |
β |
33 |
β |
(33) |
β |
β |
β |
Realized and unrealized (gains) losses on financial instruments, net |
β |
Μύ |
(120) |
Μύ |
β |
β |
(91) |
β |
(211) |
β |
Noncash interest expense (benefit) |
β |
β |
(8) |
β |
2 |
β |
β |
β |
(6) |
β |
Deferred income tax expense (benefit) |
β |
Μύ |
123 |
Μύ |
(2) |
β |
(49) |
β |
72 |
β |
Intergroup tax allocation |
β |
β |
1 |
β |
3 |
β |
(4) |
β |
β |
β |
Other charges (credits), net |
β |
Μύ |
β |
Μύ |
14 |
β |
2 |
β |
16 |
β |
Changes in operating assets and liabilities |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Current and other assets |
β |
Μύ |
1 |
Μύ |
(3) |
β |
(97) |
β |
(99) |
β |
Payables and other liabilities |
β |
Μύ |
163 |
Μύ |
37 |
β |
296 |
β |
496 |
β |
Net cash provided (used) by operating activities |
β |
Μύ |
953 |
Μύ |
67 |
β |
248 |
β |
1,268 |
β |
Cash flows from investing activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Investments in equity method affiliates and debt and equity securities |
β |
Μύ |
(395) |
Μύ |
β |
β |
(4) |
β |
(399) |
β |
Cash proceeds from sale of investments |
β |
β |
β |
β |
β |
β |
243 |
β |
243 |
β |
Capital expended for property and equipment |
β |
Μύ |
(174) |
Μύ |
(14) |
β |
(3) |
β |
(191) |
β |
Other investing activities, net |
β |
Μύ |
3 |
Μύ |
36 |
β |
8 |
β |
47 |
β |
Net cash provided (used) by investing activities |
β |
Μύ |
(566) |
Μύ |
22 |
β |
244 |
β |
(300) |
β |
Cash flows from financing activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Borrowings of debt |
β |
Μύ |
1,171 |
Μύ |
123 |
β |
289 |
β |
1,583 |
β |
Repayments of debt |
β |
Μύ |
(1,388) |
Μύ |
(180) |
β |
(850) |
β |
(2,418) |
β |
Series C Liberty SiriusXM stock repurchases |
β |
β |
(218) |
β |
β |
β |
β |
β |
(218) |
β |
Subsidiary shares repurchased by subsidiary |
β |
Μύ |
(334) |
Μύ |
β |
β |
β |
β |
(334) |
β |
Cash dividends paid by subsidiary |
β |
β |
(29) |
β |
β |
β |
β |
β |
(29) |
β |
Taxes paid in lieu of shares issued for stock-based compensation |
β |
Μύ |
(79) |
Μύ |
β |
β |
(2) |
β |
(81) |
β |
Other financing activities, net |
β |
β |
50 |
β |
β |
β |
(4) |
β |
46 |
β |
Net cash provided (used) by financing activities |
β |
Μύ |
(827) |
Μύ |
(57) |
β |
(567) |
β |
(1,451) |
β |
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash |
β |
β |
β |
β |
β |
β |
(1) |
β |
(1) |
β |
Net increase (decrease) in cash, cash equivalents and restricted cash |
β |
Μύ |
(440) |
Μύ |
32 |
β |
(76) |
β |
(484) |
β |
Cash, cash equivalents and restricted cash at beginning of period |
β |
Μύ |
625 |
Μύ |
140 |
β |
282 |
β |
1,047 |
β |
Cash, cash equivalents and restricted cash at end of period |
β |
$ |
185 |
Μύ |
172 |
β |
206 |
β |
563 |
β |
β
|