Financial Information for Tracking Stock Groups (Tables)
|
6 Months Ended |
Jun. 30, 2020 |
|---|
| Condensed Balance Sheet |
BALANCE SHEET INFORMATION
June 30, 2020
(unaudited)
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
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 |
$ |
1,924 |
β |
308 |
β |
1,767 |
β |
β |
β |
3,999 |
Μύ |
Trade and other receivables, net |
β |
Μύ |
497 |
β |
29 |
β |
147 |
β |
β |
β |
673 |
Μύ |
Other current assets |
β |
Μύ |
227 |
β |
29 |
β |
663 |
β |
(210) |
β |
709 |
Μύ |
Total current assets |
β |
Μύ |
2,648 |
β |
366 |
β |
2,577 |
β |
(210) |
β |
5,381 |
Μύ |
Intergroup interests (note 1) |
β |
β |
200 |
β |
β |
β |
134 |
β |
(334) |
β |
β |
β |
Investments in affiliates, accounted for using the equity method (noteΜύ1) |
β |
Μύ |
1,145 |
β |
96 |
β |
33 |
β |
β |
β |
1,274 |
Μύ |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Property and equipment, at cost |
β |
Μύ |
2,689 |
β |
972 |
β |
188 |
β |
β |
β |
3,849 |
Μύ |
Accumulated depreciation |
β |
Μύ |
(1,388) |
β |
(155) |
β |
(61) |
β |
β |
β |
(1,604) |
Μύ |
β |
β |
Μύ |
1,301 |
β |
817 |
β |
127 |
β |
β |
β |
2,245 |
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 |
15,820 |
β |
180 |
β |
3,956 |
β |
β |
β |
19,956 |
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 |
25,682 |
β |
323 |
β |
3,956 |
β |
β |
β |
29,961 |
Μύ |
Intangible assets subject to amortization, net |
β |
Μύ |
1,520 |
β |
30 |
β |
4,103 |
β |
β |
β |
5,653 |
Μύ |
Other assets |
β |
Μύ |
1,003 |
β |
70 |
β |
653 |
β |
(32) |
β |
1,694 |
Μύ |
Total assets |
β |
$ |
33,499 |
β |
1,702 |
β |
11,583 |
β |
(576) |
β |
46,208 |
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 |
$ |
(19) |
β |
(19) |
β |
38 |
β |
β |
β |
β |
β |
Accounts payable and accrued liabilities |
β |
β |
1,160 |
Μύ |
70 |
β |
171 |
β |
β |
β |
1,401 |
β |
Current portion of debt |
β |
β |
1,492 |
β |
382 |
β |
β |
β |
β |
β |
1,874 |
β |
Deferred revenue |
β |
Μύ |
1,833 |
Μύ |
121 |
β |
684 |
β |
β |
β |
2,638 |
β |
Other current liabilities |
β |
Μύ |
289 |
Μύ |
4 |
β |
19 |
β |
(210) |
β |
102 |
β |
Total current liabilities |
β |
Μύ |
4,755 |
Μύ |
558 |
β |
912 |
β |
(210) |
β |
6,015 |
β |
Long-term debt (note 1) |
β |
Μύ |
10,976 |
Μύ |
332 |
β |
3,672 |
β |
β |
β |
14,980 |
β |
Deferred income tax liabilities |
β |
Μύ |
1,992 |
Μύ |
44 |
β |
β |
β |
(32) |
β |
2,004 |
β |
Redeemable intergroup interests (note 1) |
β |
β |
β |
β |
180 |
β |
154 |
β |
(334) |
β |
β |
β |
Other liabilities |
β |
Μύ |
671 |
Μύ |
221 |
β |
229 |
β |
β |
β |
1,121 |
β |
Total liabilities |
β |
Μύ |
18,394 |
Μύ |
1,335 |
β |
4,967 |
β |
(576) |
β |
24,120 |
β |
Equity / Attributed net assets |
β |
Μύ |
9,630 |
Μύ |
367 |
β |
6,613 |
β |
β |
β |
16,610 |
β |
Noncontrolling interests in equity of subsidiaries |
β |
Μύ |
5,475 |
Μύ |
β |
β |
3 |
β |
β |
β |
5,478 |
β |
Total liabilities and equity |
β |
$ |
33,499 |
Μύ |
1,702 |
β |
11,583 |
β |
(576) |
β |
46,208 |
β |
|
| Condensed Statement of Operations |
STATEMENT OF OPERATIONS INFORMATION
Three months ended June 30, 2020
(unaudited)
β
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
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 |
$ |
1,874 |
Μύ |
β |
β |
β |
β |
1,874 |
β |
Formula 1 revenue |
β |
β |
β |
β |
β |
β |
24 |
β |
24 |
β |
Other revenue |
β |
Μύ |
β |
Μύ |
11 |
β |
β |
β |
11 |
β |
Total revenue |
β |
Μύ |
1,874 |
Μύ |
11 |
β |
24 |
β |
1,909 |
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 |
587 |
Μύ |
β |
β |
β |
β |
587 |
β |
Programming and content |
β |
Μύ |
110 |
Μύ |
β |
β |
β |
β |
110 |
β |
Customer service and billing |
β |
Μύ |
122 |
Μύ |
β |
β |
β |
β |
122 |
β |
Other |
β |
Μύ |
47 |
Μύ |
β |
β |
β |
β |
47 |
β |
Cost of Formula 1 revenue |
β |
β |
β |
β |
β |
β |
16 |
β |
16 |
β |
Subscriber acquisition costs |
β |
Μύ |
48 |
Μύ |
β |
β |
β |
β |
48 |
β |
Other operating expenses |
β |
Μύ |
61 |
Μύ |
24 |
β |
β |
β |
85 |
β |
Selling, general and administrative |
β |
Μύ |
350 |
Μύ |
β |
β |
40 |
β |
390 |
β |
Acquisition and restructuring |
β |
β |
24 |
Μύ |
β |
β |
β |
β |
24 |
β |
Depreciation and amortization |
β |
Μύ |
142 |
Μύ |
20 |
β |
104 |
β |
266 |
β |
β |
β |
Μύ |
1,491 |
Μύ |
44 |
β |
160 |
β |
1,695 |
β |
Operating income (loss) |
β |
Μύ |
383 |
Μύ |
(33) |
β |
(136) |
β |
214 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(120) |
Μύ |
(6) |
β |
(37) |
β |
(163) |
β |
Intergroup interest (expense) income |
β |
β |
(7) |
Μύ |
β |
β |
7 |
β |
β |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
(146) |
Μύ |
(1) |
β |
(46) |
β |
(193) |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
(184) |
Μύ |
(1) |
β |
5 |
β |
(180) |
β |
Unrealized gains (losses) on intergroup interests (note 1) |
β |
β |
36 |
β |
(7) |
β |
(29) |
β |
β |
β |
Other, net |
β |
Μύ |
4 |
Μύ |
1 |
β |
9 |
β |
14 |
β |
β |
β |
Μύ |
(417) |
Μύ |
(14) |
β |
(91) |
β |
(522) |
β |
Earnings (loss) before income taxes |
β |
Μύ |
(34) |
Μύ |
(47) |
β |
(227) |
β |
(308) |
β |
Income tax (expense) benefit |
β |
Μύ |
10 |
Μύ |
9 |
β |
27 |
β |
46 |
β |
Net earnings (loss) |
β |
Μύ |
(24) |
Μύ |
(38) |
β |
(200) |
β |
(262) |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
64 |
Μύ |
β |
β |
β |
β |
64 |
β |
Net earnings (loss) attributable to Liberty stockholders |
β |
$ |
(88) |
Μύ |
(38) |
β |
(200) |
β |
(326) |
β |
β
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 restructuring |
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 interests (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
β
STATEMENT OF OPERATIONS INFORMATION
Six months ended June 30, 2020
(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 |
$ |
3,826 |
Μύ |
β |
β |
β |
β |
3,826 |
β |
Formula 1 revenue |
β |
β |
β |
β |
β |
β |
63 |
β |
63 |
β |
Other revenue |
β |
Μύ |
β |
Μύ |
33 |
β |
β |
β |
33 |
β |
Total revenue |
β |
Μύ |
3,826 |
Μύ |
33 |
β |
63 |
β |
3,922 |
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 |
1,157 |
Μύ |
β |
β |
β |
β |
1,157 |
β |
Programming and content |
β |
Μύ |
228 |
Μύ |
β |
β |
β |
β |
228 |
β |
Customer service and billing |
β |
Μύ |
240 |
Μύ |
β |
β |
β |
β |
240 |
β |
Other |
β |
Μύ |
91 |
Μύ |
β |
β |
β |
β |
91 |
β |
Cost of Formula 1 revenue |
β |
β |
β |
β |
β |
β |
59 |
β |
59 |
β |
Subscriber acquisition costs |
β |
Μύ |
147 |
Μύ |
β |
β |
β |
β |
147 |
β |
Other operating expenses |
β |
Μύ |
132 |
Μύ |
53 |
β |
β |
β |
185 |
β |
Selling, general and administrative |
β |
Μύ |
692 |
Μύ |
22 |
β |
84 |
β |
798 |
β |
Acquisition and restructuring |
β |
β |
24 |
Μύ |
β |
β |
β |
β |
24 |
β |
Depreciation and amortization |
β |
Μύ |
290 |
Μύ |
35 |
β |
208 |
β |
533 |
β |
β |
β |
Μύ |
3,001 |
Μύ |
110 |
β |
351 |
β |
3,462 |
β |
Operating income (loss) |
β |
Μύ |
825 |
Μύ |
(77) |
β |
(288) |
β |
460 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(231) |
Μύ |
(13) |
β |
(83) |
β |
(327) |
β |
Intergroup interest (expense) income |
β |
β |
(7) |
Μύ |
β |
β |
7 |
β |
β |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
(148) |
Μύ |
3 |
β |
(110) |
β |
(255) |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
(189) |
Μύ |
(10) |
β |
20 |
β |
(179) |
β |
Unrealized gains (losses) on intergroup interest (note 1) |
β |
β |
67 |
β |
88 |
β |
(155) |
β |
β |
β |
Other, net |
β |
Μύ |
17 |
Μύ |
β |
β |
14 |
β |
31 |
β |
β |
β |
Μύ |
(491) |
Μύ |
68 |
β |
(307) |
β |
(730) |
β |
Earnings (loss) before income taxes |
β |
Μύ |
334 |
Μύ |
(9) |
β |
(595) |
β |
(270) |
β |
Income tax (expense) benefit |
β |
Μύ |
(66) |
Μύ |
24 |
β |
52 |
β |
10 |
β |
Net earnings (loss) |
β |
Μύ |
268 |
Μύ |
15 |
β |
(543) |
β |
(260) |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
142 |
Μύ |
β |
β |
β |
β |
142 |
β |
Net earnings (loss) attributable to Liberty stockholders |
β |
$ |
126 |
Μύ |
15 |
β |
(543) |
β |
(402) |
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 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 restructuring |
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 interests (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 |
|
| Condensed Statement of Cash Flows |
STATEMENT OF CASH FLOWS INFORMATION
Six months ended June 30, 2020
(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 |
$ |
268 |
Μύ |
15 |
β |
(543) |
β |
(260) |
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 |
290 |
Μύ |
35 |
β |
208 |
β |
533 |
β |
Stock-based compensation |
β |
Μύ |
112 |
Μύ |
(12) |
β |
12 |
β |
112 |
β |
Share of (earnings) loss of affiliates, net |
β |
Μύ |
148 |
Μύ |
(3) |
β |
110 |
β |
255 |
β |
Unrealized (gains) losses on intergroup interests, net |
β |
β |
(67) |
β |
(88) |
β |
155 |
β |
β |
β |
Realized and unrealized (gains) losses on financial instruments, net |
β |
Μύ |
189 |
Μύ |
10 |
β |
(20) |
β |
179 |
β |
Deferred income tax expense (benefit) |
β |
Μύ |
29 |
Μύ |
(16) |
β |
(47) |
β |
(34) |
β |
Intergroup tax allocation |
β |
β |
(1) |
β |
(8) |
β |
9 |
β |
β |
β |
Other charges (credits), net |
β |
Μύ |
31 |
Μύ |
3 |
β |
β |
β |
34 |
β |
Changes in operating assets and liabilities |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Current and other assets |
β |
Μύ |
204 |
Μύ |
6 |
β |
(450) |
β |
(240) |
β |
Payables and other liabilities |
β |
Μύ |
(236) |
Μύ |
59 |
β |
467 |
β |
290 |
β |
Net cash provided (used) by operating activities |
β |
Μύ |
967 |
Μύ |
1 |
β |
(99) |
β |
869 |
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 |
(86) |
Μύ |
β |
β |
(1) |
β |
(87) |
β |
Return of investment in equity method affiliates |
β |
β |
β |
β |
β |
β |
105 |
β |
105 |
β |
Cash proceeds from sale of investments |
β |
β |
β |
β |
β |
β |
13 |
β |
13 |
β |
Cash (paid) received for acquisitions, net of cash acquired |
β |
β |
(28) |
β |
β |
β |
β |
β |
(28) |
β |
Capital expended for property and equipment, including internal-use software and website development |
β |
Μύ |
(149) |
Μύ |
(43) |
β |
(14) |
β |
(206) |
β |
Other investing activities, net |
β |
Μύ |
(2) |
Μύ |
4 |
β |
(2) |
β |
β |
β |
Net cash provided (used) by investing activities |
β |
Μύ |
(265) |
Μύ |
(39) |
β |
101 |
β |
(203) |
β |
Cash flows from financing activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Borrowings of debt |
β |
Μύ |
2,117 |
Μύ |
196 |
β |
522 |
β |
2,835 |
β |
Repayments of debt |
β |
Μύ |
(238) |
Μύ |
(37) |
β |
(609) |
β |
(884) |
β |
Intergroup Loan (repayment) borrowing |
β |
β |
(750) |
Μύ |
β |
β |
750 |
β |
β |
β |
Liberty SiriusXM stock repurchases |
β |
β |
(69) |
β |
β |
β |
(69) |
β |
(138) |
β |
Subsidiary shares repurchased by subsidiary |
β |
Μύ |
(399) |
Μύ |
β |
β |
β |
β |
(399) |
β |
Reattribution between Liberty SiriusXM Group and Liberty Formula One Group |
β |
β |
(608) |
Μύ |
β |
β |
608 |
β |
β |
β |
Proceeds from Liberty SiriusXM common stock rights offering |
β |
β |
754 |
Μύ |
β |
β |
β |
β |
754 |
β |
Cash dividends paid by subsidiary |
β |
β |
(33) |
β |
β |
β |
β |
β |
(33) |
β |
Taxes paid in lieu of shares issued for stock-based compensation |
β |
Μύ |
(44) |
Μύ |
β |
β |
(2) |
β |
(46) |
β |
Other financing activities, net |
β |
β |
(4) |
β |
(4) |
β |
(12) |
β |
(20) |
β |
Net cash provided (used) by financing activities |
β |
Μύ |
726 |
Μύ |
155 |
β |
1,188 |
β |
2,069 |
β |
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash |
β |
β |
β |
β |
β |
β |
(10) |
β |
(10) |
β |
Net increase (decrease) in cash, cash equivalents and restricted cash |
β |
Μύ |
1,428 |
Μύ |
117 |
β |
1,180 |
β |
2,725 |
β |
Cash, cash equivalents and restricted cash at beginning of period |
β |
Μύ |
507 |
Μύ |
212 |
β |
587 |
β |
1,306 |
β |
Cash, cash equivalents and restricted cash at end of period |
β |
$ |
1,935 |
Μύ |
329 |
β |
1,767 |
β |
4,031 |
β |
β
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 interests, 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 |
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 |
4 |
Μύ |
5 |
β |
(6) |
β |
3 |
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 (paid) received for acquisitions, net of cash acquired |
β |
β |
313 |
β |
β |
β |
β |
β |
313 |
β |
Capital expended for property and equipment, including internal-use software and website development |
β |
Μύ |
(160) |
Μύ |
(50) |
β |
(11) |
β |
(221) |
β |
Sales of short term investments and other marketable securities |
β |
β |
72 |
β |
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 |
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 |
|