°΅ΊΪ±¬ΑΟΝψ

​

​

​

Attributed (note 1)

​

​

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

​

​

SiriusXM

​

Braves

​

Formula One

​

Inter-Group

​

Consolidated

​

​

ΜύΜύΜύΜύ

Group

​

Group

​

Group

​

Eliminations

​

Liberty

ΜύΜύΜύΜύ

​

​

²Ή³Ύ΄Η³ά²Τ³Ω²υΜύΎ±²ΤΜύ³ΎΎ±±τ±τΎ±΄Η²Τ²υ

​

Assets

​

​

​

​

​

​

​

​

​

​

​

​

Current assets:

​

​

​

​

​

​

​

​

​

​

​

​

Cash and cash equivalents

​

$

1,030

​

181

​

1,783

​

β€”

​

2,994

Μύ

Trade and other receivables, net

​

Μύ

611

​

25

​

141

​

β€”

​

777

Μύ

Other current assets

​

Μύ

235

​

37

​

544

​

(384)

​

432

Μύ

Total current assets

​

Μύ

1,876

​

243

​

2,468

​

(384)

​

4,203

Μύ

Intergroup interests (note 1)

​

​

267

​

β€”

​

189

​

(456)

​

β€”

​

Investments in affiliates, accounted for using the equity method (noteΜύ1)

​

Μύ

791

​

97

​

55

​

β€”

​

943

Μύ

​

​

​

​

​

​

​

​

​

​

​

​

​

Property and equipment, at cost

​

Μύ

2,657

​

994

​

199

​

β€”

​

3,850

Μύ

Accumulated depreciation

​

Μύ

(1,570)

​

(192)

​

(78)

​

β€”

​

(1,840)

Μύ

​

​

Μύ

1,087

​

802

​

121

​

β€”

​

2,010

Μύ

​

​

​

​

​

​

​

​

​

​

​

​

​

Intangible assets not subject to amortization

​

​

​

​

​

​

​

​

​

​

​

​

Goodwill

​

Μύ

15,088

​

180

​

3,956

​

β€”

​

19,224

Μύ

FCC licenses

​

Μύ

8,600

​

β€”

​

β€”

​

β€”

​

8,600

Μύ

Other

​

Μύ

1,242

​

143

​

β€”

​

β€”

​

1,385

Μύ

​

​

Μύ

24,930

​

323

​

3,956

​

β€”

​

29,209

Μύ

Intangible assets subject to amortization, net

​

Μύ

1,418

​

24

​

3,790

​

β€”

​

5,232

Μύ

Other assets

​

Μύ

1,405

​

83

​

1,422

​

(42)

​

2,868

Μύ

Total assets

​

$

31,774

​

1,572

​

12,001

​

(882)

​

44,465

Μύ

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities and Equity

​

​

​

​

​

​

​

​

​

​

​

​

Current liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

Intergroup payable (receivable) (note 3)

​

$

(22)

​

(37)

​

59

​

β€”

​

β€”

​

Accounts payable and accrued liabilities

​

​

1,114

Μύ

66

​

167

​

β€”

​

1,347

​

Current portion of debt

​

​

514

​

57

​

207

​

β€”

​

778

​

Deferred revenue

​

Μύ

1,664

Μύ

127

​

492

​

β€”

​

2,283

​

Other current liabilities

​

Μύ

467

Μύ

6

​

39

​

(384)

​

128

​

Total current liabilities

​

Μύ

3,737

Μύ

219

​

964

​

(384)

​

4,536

​

Long-term debt (note 1)

​

Μύ

13,169

Μύ

615

​

3,546

​

β€”

​

17,330

​

Deferred income tax liabilities

​

Μύ

2,039

Μύ

46

​

β€”

​

(42)

​

2,043

​

Redeemable intergroup interests (note 1)

​

​

β€”

​

254

​

202

​

(456)

​

β€”

​

Other liabilities

​

Μύ

673

Μύ

204

​

206

​

β€”

​

1,083

​

Total liabilities

​

Μύ

19,618

Μύ

1,338

​

4,918

​

(882)

​

24,992

​

Redeemable noncontrolling interests in equity of subsidiary

​

​

β€”

​

β€”

​

575

​

β€”

​

575

​

Equity / Attributed net assets

​

Μύ

7,934

Μύ

234

​

6,502

​

β€”

​

14,670

​

Noncontrolling interests in equity of subsidiaries

​

Μύ

4,222

Μύ

β€”

​

6

​

β€”

​

4,228

​

Total liabilities and equity

​

$

31,774

Μύ

1,572

​

12,001

​

(882)

​

44,465

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

SiriusXM

​

Braves

​

Formula One

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

²Ή³Ύ΄Η³ά²Τ³Ω²υΜύΎ±²ΤΜύ³ΎΎ±±τ±τΎ±΄Η²Τ²υ

​

Cash flows from operating activities:

​

​

​

​

​

​

​

​

​

​

Net earnings (loss)

​

$

38

Μύ

(59)

​

7

​

(14)

​

Adjustments to reconcile net earnings to net cash provided by operating activities:

​

​

​

​

​

​

​

​

​

​

Depreciation and amortization

​

Μύ

149

Μύ

15

​

100

​

264

​

Stock-based compensation

​

Μύ

54

Μύ

3

​

6

​

63

​

Impairment, restructuring and acquisition costs

​

​

245

​

β€”

​

β€”

​

245

​

Share of (earnings) loss of affiliates, net

​

Μύ

113

Μύ

(3)

​

(15)

​

95

​

Unrealized (gains) losses on intergroup interests, net

​

​

(10)

​

28

​

(18)

​

β€”

​

Realized and unrealized (gains) losses on financial instruments, net

​

Μύ

86

Μύ

(2)

​

(35)

​

49

​

Deferred income tax expense (benefit)

​

Μύ

(121)

Μύ

(7)

​

(15)

​

(143)

​

Intergroup tax allocation

​

​

1

​

(3)

​

2

​

β€”

​

Other charges (credits), net

​

Μύ

(3)

Μύ

β€”

​

2

​

(1)

​

Changes in operating assets and liabilities

​

​

​

​

​

​

​

​

​

​

Current and other assets

​

Μύ

58

Μύ

36

​

(102)

​

(8)

​

Payables and other liabilities

​

Μύ

(339)

Μύ

34

​

252

​

(53)

​

Net cash provided (used) by operating activities

​

Μύ

271

Μύ

42

​

184

​

497

​

Cash flows from investing activities:

​

​

​

​

​

​

​

​

​

​

Investments in equity method affiliates and debt and equity securities

​

Μύ

(5)

Μύ

β€”

​

(53)

​

(58)

​

Investment of subsidiary initial public offering proceeds into trust account

​

​

β€”

​

β€”

​

(575)

​

(575)

​

Capital expended for property and equipment, including internal-use software and website development

​

Μύ

(78)

Μύ

(10)

​

(3)

​

(91)

​

Other investing activities, net

​

Μύ

8

Μύ

β€”

​

β€”

​

8

​

Net cash provided (used) by investing activities

​

Μύ

(75)

Μύ

(10)

​

(631)

​

(716)

​

Cash flows from financing activities:

​

​

​

​

​

​

​

​

​

​

Borrowings of debt

​

Μύ

1,083

Μύ

8

​

(1)

​

1,090

​

Repayments of debt

​

Μύ

(585)

Μύ

(6)

​

(2)

​

(593)

​

Liberty SiriusXM stock repurchases

​

​

(107)

​

β€”

​

β€”

​

(107)

​

Subsidiary shares repurchased by subsidiary

​

Μύ

(522)

Μύ

β€”

​

β€”

​

(522)

​

Cash dividends paid by subsidiary

​

​

(14)

​

β€”

​

β€”

​

(14)

​

Taxes paid in lieu of shares issued for stock-based compensation

​

Μύ

(21)

Μύ

β€”

​

(1)

​

(22)

​

Proceeds from initial public offering of subsidiary

​

​

β€”

​

β€”

​

575

​

575

​

Other financing activities, net

​

​

β€”

​

(1)

​

(23)

​

(24)

​

Net cash provided (used) by financing activities

​

Μύ

(166)

Μύ

1

​

548

​

383

​

Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash

​

​

β€”

​

β€”

​

(2)

​

(2)

​

Net increase (decrease) in cash, cash equivalents and restricted cash

​

Μύ

30

Μύ

33

​

99

​

162

​

Cash, cash equivalents and restricted cash at beginning of period

​

Μύ

1,008

Μύ

185

​

1,684

​

2,877

​

Cash, cash equivalents and restricted cash at end of period

​

$

1,038

Μύ

218

​

1,783

​

3,039

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

SiriusXM

​

Braves

​

Formula One

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

²Ή³Ύ΄Η³ά²Τ³Ω²υΜύΎ±²ΤΜύ³ΎΎ±±τ±τΎ±΄Η²Τ²υ

​

Cash flows from operating activities:

​

​

​

​

​

​

​

​

​

​

Net earnings (loss)

​

$

292

Μύ

53

​

(343)

​

2

​

Adjustments to reconcile net earnings to net cash provided by operating activities:

​

​

​

​

​

​

​

​

​

​

Depreciation and amortization

​

Μύ

148

Μύ

15

​

104

​

267

​

Stock-based compensation

​

Μύ

58

Μύ

3

​

6

​

67

​

Share of (earnings) loss of affiliates, net

​

Μύ

2

Μύ

(4)

​

64

​

62

​

Unrealized (gains) losses on intergroup interests, net

​

​

(31)

​

(95)

​

126

​

β€”

​

Realized and unrealized (gains) losses on financial instruments, net

​

Μύ

5

Μύ

9

​

(15)

​

(1)

​

Deferred income tax expense (benefit)

​

Μύ

67

Μύ

(13)

​

(15)

​

39

​

Intergroup tax allocation

​

​

1

​

(2)

​

1

​

β€”

​

Other charges (credits), net

​

Μύ

4

Μύ

3

​

3

​

10

​

Changes in operating assets and liabilities

​

​

​

​

​

​

​

​

​

​

Current and other assets

​

Μύ

72

Μύ

19

​

(125)

​

(34)

​

Payables and other liabilities

​

Μύ

(214)

Μύ

29

​

330

​

145

​

Net cash provided (used) by operating activities

​

Μύ

404

Μύ

17

​

136

​

557

​

Cash flows from investing activities:

​

​

​

​

​

​

​

​

​

​

Investments in equity method affiliates and debt and equity securities

​

Μύ

(81)

Μύ

β€”

​

(1)

​

(82)

​

Return of investment in equity method affiliates

​

​

β€”

​

β€”

​

105

​

105

​

Capital expended for property and equipment, including internal-use software and website development

​

Μύ

(62)

Μύ

(24)

​

(2)

​

(88)

​

Other investing activities, net

​

Μύ

(1)

Μύ

β€”

​

8

​

7

​

Net cash provided (used) by investing activities

​

Μύ

(144)

Μύ

(24)

​

110

​

(58)

​

Cash flows from financing activities:

​

​

​

​

​

​

​

​

​

​

Borrowings of debt

​

Μύ

204

Μύ

174

​

475

​

853

​

Repayments of debt

​

Μύ

(206)

Μύ

(35)

​

(131)

​

(372)

​

Liberty SiriusXM stock repurchases

​

​

(69)

​

β€”

​

(69)

​

(138)

​

Subsidiary shares repurchased by subsidiary

​

Μύ

(243)

Μύ

β€”

​

β€”

​

(243)

​

Cash dividends paid by subsidiary

​

​

(17)

​

β€”

​

β€”

​

(17)

​

Taxes paid in lieu of shares issued for stock-based compensation

​

Μύ

(36)

Μύ

β€”

​

(2)

​

(38)

​

Other financing activities, net

​

​

(2)

​

(1)

​

(4)

​

(7)

​

Net cash provided (used) by financing activities

​

Μύ

(369)

Μύ

138

​

269

​

38

​

Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash

​

​

β€”

​

β€”

​

(8)

​

(8)

​

Net increase (decrease) in cash, cash equivalents and restricted cash

​

Μύ

(109)

Μύ

131

​

507

​

529

​

Cash, cash equivalents and restricted cash at beginning of period

​

Μύ

507

Μύ

212

​

587

​

1,306

​

Cash, cash equivalents and restricted cash at end of period

​

$

398

Μύ

343

​

1,094

​

1,835

​