Financial Information for Tracking Stock Groups (Tables)
|
6 Months Ended |
Jun. 30, 2021 |
|---|
| Condensed Balance Sheet |
BALANCE SHEET INFORMATION
June 30, 2021
(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 |
$ |
1,542 |
β |
168 |
β |
2,225 |
β |
β |
β |
3,935 |
Μύ |
Trade and other receivables, net |
β |
Μύ |
655 |
β |
55 |
β |
113 |
β |
β |
β |
823 |
Μύ |
Other current assets |
β |
Μύ |
350 |
β |
64 |
β |
189 |
β |
β |
β |
603 |
Μύ |
Total current assets |
β |
Μύ |
2,547 |
β |
287 |
β |
2,527 |
β |
β |
β |
5,361 |
Μύ |
Intergroup interests (note 1) |
β |
β |
289 |
β |
β |
β |
189 |
β |
(478) |
β |
β |
β |
Investments in affiliates, accounted for using the equity method (noteΜύ1) |
β |
Μύ |
746 |
β |
102 |
β |
33 |
β |
β |
β |
881 |
Μύ |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Property and equipment, at cost |
β |
Μύ |
2,699 |
β |
997 |
β |
203 |
β |
β |
β |
3,899 |
Μύ |
Accumulated depreciation |
β |
Μύ |
(1,617) |
β |
(206) |
β |
(83) |
β |
β |
β |
(1,906) |
Μύ |
β |
β |
Μύ |
1,082 |
β |
791 |
β |
120 |
β |
β |
β |
1,993 |
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 |
15,110 |
β |
180 |
β |
3,957 |
β |
β |
β |
19,247 |
Μύ |
FCC licenses |
β |
Μύ |
8,600 |
β |
β |
β |
β |
β |
β |
β |
8,600 |
Μύ |
Other |
β |
Μύ |
1,242 |
β |
143 |
β |
β |
β |
β |
β |
1,385 |
Μύ |
β |
β |
Μύ |
24,952 |
β |
323 |
β |
3,957 |
β |
β |
β |
29,232 |
Μύ |
Intangible assets subject to amortization, net |
β |
Μύ |
1,368 |
β |
21 |
β |
3,696 |
β |
β |
β |
5,085 |
Μύ |
Other assets |
β |
Μύ |
1,556 |
β |
81 |
β |
1,507 |
β |
(42) |
β |
3,102 |
Μύ |
Total assets |
β |
$ |
32,540 |
β |
1,605 |
β |
12,029 |
β |
(520) |
β |
45,654 |
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 |
$ |
(22) |
β |
(33) |
β |
55 |
β |
β |
β |
β |
β |
Accounts payable and accrued liabilities |
β |
β |
1,294 |
Μύ |
65 |
β |
208 |
β |
β |
β |
1,567 |
β |
Current portion of debt |
β |
β |
1,515 |
β |
12 |
β |
26 |
β |
β |
β |
1,553 |
β |
Deferred revenue |
β |
Μύ |
1,583 |
Μύ |
103 |
β |
525 |
β |
β |
β |
2,211 |
β |
Other current liabilities |
β |
Μύ |
68 |
Μύ |
6 |
β |
35 |
β |
β |
β |
109 |
β |
Total current liabilities |
β |
Μύ |
4,438 |
Μύ |
153 |
β |
849 |
β |
β |
β |
5,440 |
β |
Long-term debt (note 1) |
β |
Μύ |
13,155 |
Μύ |
679 |
β |
3,586 |
β |
β |
β |
17,420 |
β |
Deferred income tax liabilities |
β |
Μύ |
2,150 |
Μύ |
48 |
β |
β |
β |
(42) |
β |
2,156 |
β |
Redeemable intergroup interests (note 1) |
β |
β |
β |
β |
253 |
β |
225 |
β |
(478) |
β |
β |
β |
Other liabilities |
β |
Μύ |
638 |
Μύ |
211 |
β |
206 |
β |
β |
β |
1,055 |
β |
Total liabilities |
β |
Μύ |
20,381 |
Μύ |
1,344 |
β |
4,866 |
β |
(520) |
β |
26,071 |
β |
Redeemable noncontrolling interests in equity of subsidiary |
β |
β |
β |
β |
β |
β |
575 |
β |
β |
β |
575 |
β |
Equity / Attributed net assets |
β |
Μύ |
8,062 |
Μύ |
261 |
β |
6,565 |
β |
β |
β |
14,888 |
β |
Noncontrolling interests in equity of subsidiaries |
β |
Μύ |
4,097 |
Μύ |
β |
β |
23 |
β |
β |
β |
4,120 |
β |
Total liabilities and equity |
β |
$ |
32,540 |
Μύ |
1,605 |
β |
12,029 |
β |
(520) |
β |
45,654 |
β |
|
| Condensed Statement of Operations |
STATEMENT OF OPERATIONS INFORMATION
Three months ended June 30, 2021
(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 |
$ |
2,159 |
Μύ |
β |
β |
β |
β |
2,159 |
β |
Formula 1 revenue |
β |
β |
β |
β |
β |
β |
501 |
β |
501 |
β |
Other revenue |
β |
Μύ |
β |
Μύ |
216 |
β |
β |
β |
216 |
β |
Total revenue |
β |
Μύ |
2,159 |
Μύ |
216 |
β |
501 |
β |
2,876 |
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 |
663 |
Μύ |
β |
β |
β |
β |
663 |
β |
Programming and content |
β |
Μύ |
135 |
Μύ |
β |
β |
β |
β |
135 |
β |
Customer service and billing |
β |
Μύ |
127 |
Μύ |
β |
β |
β |
β |
127 |
β |
Other |
β |
Μύ |
58 |
Μύ |
β |
β |
β |
β |
58 |
β |
Cost of Formula 1 revenue |
β |
β |
β |
β |
β |
β |
398 |
β |
398 |
β |
Subscriber acquisition costs |
β |
Μύ |
89 |
Μύ |
β |
β |
β |
β |
89 |
β |
Other operating expenses |
β |
Μύ |
66 |
Μύ |
142 |
β |
β |
β |
208 |
β |
Selling, general and administrative |
β |
Μύ |
374 |
Μύ |
24 |
β |
47 |
β |
445 |
β |
Impairment, restructuring and acquisition costs |
β |
β |
(137) |
Μύ |
β |
β |
β |
β |
(137) |
β |
Depreciation and amortization |
β |
Μύ |
150 |
Μύ |
19 |
β |
99 |
β |
268 |
β |
β |
β |
Μύ |
1,525 |
Μύ |
185 |
β |
544 |
β |
2,254 |
β |
Operating income (loss) |
β |
Μύ |
634 |
Μύ |
31 |
β |
(43) |
β |
622 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(123) |
Μύ |
(6) |
β |
(29) |
β |
(158) |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
(70) |
Μύ |
8 |
β |
14 |
β |
(48) |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
86 |
Μύ |
(1) |
β |
70 |
β |
155 |
β |
Unrealized gains (losses) on intergroup interests (note 1) |
β |
β |
22 |
β |
1 |
β |
(23) |
β |
β |
β |
Other, net |
β |
Μύ |
8 |
Μύ |
1 |
β |
4 |
β |
13 |
β |
β |
β |
Μύ |
(77) |
Μύ |
3 |
β |
36 |
β |
(38) |
β |
Earnings (loss) before income taxes |
β |
Μύ |
557 |
Μύ |
34 |
β |
(7) |
β |
584 |
β |
Income tax (expense) benefit |
β |
Μύ |
(125) |
Μύ |
(9) |
β |
78 |
β |
(56) |
β |
Net earnings (loss) |
β |
Μύ |
432 |
Μύ |
25 |
β |
71 |
β |
528 |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
95 |
Μύ |
β |
β |
16 |
β |
111 |
β |
Less net earnings (loss) attributable to redeemable noncontrolling interest |
β |
β |
β |
Μύ |
β |
β |
β |
β |
β |
β |
Net earnings (loss) attributable to Liberty stockholders |
β |
$ |
337 |
Μύ |
25 |
β |
55 |
β |
417 |
β |
β
STATEMENT OF OPERATIONS INFORMATION
Three 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 |
$ |
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
β
STATEMENT OF OPERATIONS INFORMATION
Six months ended June 30, 2021
(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 |
$ |
4,217 |
Μύ |
β |
β |
β |
β |
4,217 |
β |
Formula 1 revenue |
β |
β |
β |
β |
β |
β |
681 |
β |
681 |
β |
Other revenue |
β |
Μύ |
β |
Μύ |
232 |
β |
β |
β |
232 |
β |
Total revenue |
β |
Μύ |
4,217 |
Μύ |
232 |
β |
681 |
β |
5,130 |
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 |
1,303 |
Μύ |
β |
β |
β |
β |
1,303 |
β |
Programming and content |
β |
Μύ |
265 |
Μύ |
β |
β |
β |
β |
265 |
β |
Customer service and billing |
β |
Μύ |
244 |
Μύ |
β |
β |
β |
β |
244 |
β |
Other |
β |
Μύ |
110 |
Μύ |
β |
β |
β |
β |
110 |
β |
Cost of Formula 1 revenue |
β |
β |
β |
β |
β |
β |
482 |
β |
482 |
β |
Subscriber acquisition costs |
β |
Μύ |
175 |
Μύ |
β |
β |
β |
β |
175 |
β |
Other operating expenses |
β |
Μύ |
130 |
Μύ |
162 |
β |
β |
β |
292 |
β |
Selling, general and administrative |
β |
Μύ |
720 |
Μύ |
45 |
β |
90 |
β |
855 |
β |
Impairment, restructuring and acquisition costs |
β |
β |
108 |
Μύ |
β |
β |
β |
β |
108 |
β |
Depreciation and amortization |
β |
Μύ |
299 |
Μύ |
34 |
β |
199 |
β |
532 |
β |
β |
β |
Μύ |
3,354 |
Μύ |
241 |
β |
771 |
β |
4,366 |
β |
Operating income (loss) |
β |
Μύ |
863 |
Μύ |
(9) |
β |
(90) |
β |
764 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(243) |
Μύ |
(12) |
β |
(61) |
β |
(316) |
β |
Intergroup interest (expense) income |
β |
β |
β |
Μύ |
β |
β |
β |
β |
β |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
(183) |
Μύ |
11 |
β |
29 |
β |
(143) |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
β |
Μύ |
1 |
β |
105 |
β |
106 |
β |
Unrealized gains (losses) on intergroup interest (note 1) |
β |
β |
32 |
β |
(27) |
β |
(5) |
β |
β |
β |
Other, net |
β |
Μύ |
19 |
Μύ |
β |
β |
9 |
β |
28 |
β |
β |
β |
Μύ |
(375) |
Μύ |
(27) |
β |
77 |
β |
(325) |
β |
Earnings (loss) before income taxes |
β |
Μύ |
488 |
Μύ |
(36) |
β |
(13) |
β |
439 |
β |
Income tax (expense) benefit |
β |
Μύ |
(18) |
Μύ |
2 |
β |
91 |
β |
75 |
β |
Net earnings (loss) |
β |
Μύ |
470 |
Μύ |
(34) |
β |
78 |
β |
514 |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
144 |
Μύ |
β |
β |
16 |
β |
160 |
β |
Less net earnings (loss) attributable to redeemable noncontrolling interest |
β |
β |
β |
Μύ |
β |
β |
53 |
β |
53 |
β |
Net earnings (loss) attributable to Liberty stockholders |
β |
$ |
326 |
Μύ |
(34) |
β |
9 |
β |
301 |
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 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 interests (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
|
| Condensed Statement of Cash Flows |
STATEMENT OF CASH FLOWS INFORMATION
Six months ended June 30, 2021
(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 |
$ |
470 |
Μύ |
(34) |
β |
78 |
β |
514 |
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 |
299 |
Μύ |
34 |
β |
199 |
β |
532 |
β |
Stock-based compensation |
β |
Μύ |
104 |
Μύ |
6 |
β |
13 |
β |
123 |
β |
Non-cash impairment and restructuring costs |
β |
β |
245 |
β |
β |
β |
β |
β |
245 |
β |
Share of (earnings) loss of affiliates, net |
β |
Μύ |
183 |
Μύ |
(11) |
β |
(29) |
β |
143 |
β |
Unrealized (gains) losses on intergroup interests, net |
β |
β |
(32) |
β |
27 |
β |
5 |
β |
β |
β |
Realized and unrealized (gains) losses on financial instruments, net |
β |
Μύ |
β |
Μύ |
(1) |
β |
(105) |
β |
(106) |
β |
Deferred income tax expense (benefit) |
β |
Μύ |
(13) |
Μύ |
(3) |
β |
(85) |
β |
(101) |
β |
Intergroup tax allocation |
β |
β |
2 |
β |
2 |
β |
(4) |
β |
β |
β |
Other charges (credits), net |
β |
Μύ |
(2) |
Μύ |
3 |
β |
2 |
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 |
(90) |
Μύ |
2 |
β |
(88) |
β |
(176) |
β |
Payables and other liabilities |
β |
Μύ |
(291) |
Μύ |
23 |
β |
326 |
β |
58 |
β |
Net cash provided (used) by operating activities |
β |
Μύ |
875 |
Μύ |
48 |
β |
312 |
β |
1,235 |
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 |
(61) |
Μύ |
β |
β |
(124) |
β |
(185) |
β |
Investment of subsidiary initial public offering proceeds into trust account |
β |
β |
β |
β |
β |
β |
(575) |
β |
(575) |
β |
Return of investment in equity method affiliates |
β |
β |
β |
β |
β |
β |
38 |
β |
38 |
β |
Cash proceeds from sale of investments |
β |
β |
β |
β |
2 |
β |
167 |
β |
169 |
β |
Cash (paid) received from acquisitions, net of cash acquired |
β |
β |
(14) |
β |
β |
β |
β |
β |
(14) |
β |
Capital expended for property and equipment, including internal-use software and website development |
β |
Μύ |
(164) |
Μύ |
(19) |
β |
(7) |
β |
(190) |
β |
Other investing activities, net |
β |
Μύ |
4 |
Μύ |
β |
β |
(1) |
β |
3 |
β |
Net cash provided (used) by investing activities |
β |
Μύ |
(235) |
Μύ |
(17) |
β |
(502) |
β |
(754) |
β |
Cash flows from financing activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Borrowings of debt |
β |
Μύ |
3,722 |
Μύ |
72 |
β |
β |
β |
3,794 |
β |
Repayments of debt |
β |
Μύ |
(2,270) |
Μύ |
(53) |
β |
(190) |
β |
(2,513) |
β |
Liberty SiriusXM stock repurchases |
β |
β |
(243) |
β |
β |
β |
β |
β |
(243) |
β |
Subsidiary shares repurchased by subsidiary |
β |
Μύ |
(856) |
Μύ |
β |
β |
β |
β |
(856) |
β |
Cash dividends paid by subsidiary |
β |
β |
(28) |
β |
β |
β |
β |
β |
(28) |
β |
Taxes paid in lieu of shares issued for stock-based compensation |
β |
Μύ |
(44) |
Μύ |
β |
β |
(1) |
β |
(45) |
β |
Proceeds from initial public offering of subsidiary |
β |
β |
β |
β |
β |
β |
575 |
β |
575 |
β |
Settlement of intergroup call spread |
β |
β |
(384) |
β |
β |
β |
384 |
β |
β |
β |
Other financing activities, net |
β |
β |
5 |
β |
(4) |
β |
(35) |
β |
(34) |
β |
Net cash provided (used) by financing activities |
β |
Μύ |
(98) |
Μύ |
15 |
β |
733 |
β |
650 |
β |
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash |
β |
β |
β |
β |
β |
β |
(2) |
β |
(2) |
β |
Net increase (decrease) in cash, cash equivalents and restricted cash |
β |
Μύ |
542 |
Μύ |
46 |
β |
541 |
β |
1,129 |
β |
Cash, cash equivalents and restricted cash at beginning of period |
β |
Μύ |
1,008 |
Μύ |
185 |
β |
1,684 |
β |
2,877 |
β |
Cash, cash equivalents and restricted cash at end of period |
β |
$ |
1,550 |
Μύ |
231 |
β |
2,225 |
β |
4,006 |
β |
β
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 |
Non-cash impairment and restructuring costs |
β |
β |
24 |
β |
β |
β |
β |
β |
24 |
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 |
7 |
Μύ |
3 |
β |
β |
β |
10 |
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 |
|