Financial Information for Tracking Stock Groups (Tables)
|
9 Months Ended |
Sep. 30, 2021 |
|---|
| Condensed Balance Sheet |
BALANCE SHEET INFORMATION
September 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 |
$ |
529 |
β |
134 |
β |
2,195 |
β |
β |
β |
2,858 |
Μύ |
Trade and other receivables, net |
β |
Μύ |
652 |
β |
50 |
β |
110 |
β |
β |
β |
812 |
Μύ |
Other current assets |
β |
Μύ |
632 |
β |
127 |
β |
161 |
β |
β |
β |
920 |
Μύ |
Total current assets |
β |
Μύ |
1,813 |
β |
311 |
β |
2,466 |
β |
β |
β |
4,590 |
Μύ |
Intergroup interests (note 1) |
β |
β |
310 |
β |
β |
β |
179 |
β |
(489) |
β |
β |
β |
Investments in affiliates, accounted for using the equity method (noteΜύ1) |
β |
Μύ |
874 |
β |
108 |
β |
34 |
β |
β |
β |
1,016 |
Μύ |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Property and equipment, at cost |
β |
Μύ |
2,781 |
β |
997 |
β |
203 |
β |
β |
β |
3,981 |
Μύ |
Accumulated depreciation |
β |
Μύ |
(1,645) |
β |
(220) |
β |
(85) |
β |
β |
β |
(1,950) |
Μύ |
β |
β |
Μύ |
1,136 |
β |
777 |
β |
118 |
β |
β |
β |
2,031 |
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 |
1,310 |
β |
22 |
β |
3,601 |
β |
β |
β |
4,933 |
Μύ |
Other assets |
β |
Μύ |
1,102 |
β |
84 |
β |
1,480 |
β |
(49) |
β |
2,617 |
Μύ |
Total assets |
β |
$ |
31,497 |
β |
1,625 |
β |
11,835 |
β |
(538) |
β |
44,419 |
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 |
$ |
(16) |
β |
(37) |
β |
53 |
β |
β |
β |
β |
β |
Accounts payable and accrued liabilities |
β |
β |
1,272 |
Μύ |
55 |
β |
191 |
β |
β |
β |
1,518 |
β |
Current portion of debt |
β |
β |
1,900 |
β |
12 |
β |
661 |
β |
β |
β |
2,573 |
β |
Deferred revenue |
β |
Μύ |
1,500 |
Μύ |
73 |
β |
421 |
β |
β |
β |
1,994 |
β |
Other current liabilities |
β |
Μύ |
69 |
Μύ |
6 |
β |
28 |
β |
β |
β |
103 |
β |
Total current liabilities |
β |
Μύ |
4,725 |
Μύ |
109 |
β |
1,354 |
β |
β |
β |
6,188 |
β |
Long-term debt (note 1) |
β |
Μύ |
11,854 |
Μύ |
706 |
β |
2,965 |
β |
β |
β |
15,525 |
β |
Deferred income tax liabilities |
β |
Μύ |
2,206 |
Μύ |
63 |
β |
β |
β |
(49) |
β |
2,220 |
β |
Redeemable intergroup interests (note 1) |
β |
β |
β |
β |
241 |
β |
248 |
β |
(489) |
β |
β |
β |
Other liabilities |
β |
Μύ |
623 |
Μύ |
206 |
β |
188 |
β |
β |
β |
1,017 |
β |
Total liabilities |
β |
Μύ |
19,408 |
Μύ |
1,325 |
β |
4,755 |
β |
(538) |
β |
24,950 |
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 |
8,130 |
Μύ |
300 |
β |
6,481 |
β |
β |
β |
14,911 |
β |
Noncontrolling interests in equity of subsidiaries |
β |
Μύ |
3,959 |
Μύ |
β |
β |
24 |
β |
β |
β |
3,983 |
β |
Total liabilities and equity |
β |
$ |
31,497 |
Μύ |
1,625 |
β |
11,835 |
β |
(538) |
β |
44,419 |
β |
|
| Condensed Statement of Operations |
STATEMENT OF OPERATIONS INFORMATION
Three months ended September 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 |
$ |
2,198 |
Μύ |
β |
β |
β |
β |
2,198 |
β |
Formula 1 revenue |
β |
β |
β |
β |
β |
β |
668 |
β |
668 |
β |
Other revenue |
β |
Μύ |
β |
Μύ |
234 |
β |
β |
β |
234 |
β |
Total revenue |
β |
Μύ |
2,198 |
Μύ |
234 |
β |
668 |
β |
3,100 |
β |
Operating costs and expenses, including stock-based compensation (note 2): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Cost of Sirius XM Holdings services (exclusive of depreciation shown separately below): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Revenue share and royalties |
β |
Μύ |
671 |
Μύ |
β |
β |
β |
β |
671 |
β |
Programming and content |
β |
Μύ |
142 |
Μύ |
β |
β |
β |
β |
142 |
β |
Customer service and billing |
β |
Μύ |
128 |
Μύ |
β |
β |
β |
β |
128 |
β |
Other |
β |
Μύ |
57 |
Μύ |
β |
β |
β |
β |
57 |
β |
Cost of Formula 1 revenue |
β |
β |
β |
β |
β |
β |
449 |
β |
449 |
β |
Subscriber acquisition costs |
β |
Μύ |
70 |
Μύ |
β |
β |
β |
β |
70 |
β |
Other operating expenses |
β |
Μύ |
67 |
Μύ |
154 |
β |
β |
β |
221 |
β |
Selling, general and administrative |
β |
Μύ |
402 |
Μύ |
28 |
β |
51 |
β |
481 |
β |
Impairment, restructuring and acquisition costs, net of recoveries |
β |
β |
(95) |
Μύ |
β |
β |
β |
β |
(95) |
β |
Depreciation and amortization |
β |
Μύ |
152 |
Μύ |
22 |
β |
100 |
β |
274 |
β |
β |
β |
Μύ |
1,594 |
Μύ |
204 |
β |
600 |
β |
2,398 |
β |
Operating income (loss) |
β |
Μύ |
604 |
Μύ |
30 |
β |
68 |
β |
702 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(130) |
Μύ |
(6) |
β |
(32) |
β |
(168) |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
2 |
Μύ |
9 |
β |
(2) |
β |
9 |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
(42) |
Μύ |
β |
β |
2 |
β |
(40) |
β |
Gains (losses) on dilution of investment in affiliate |
β |
β |
142 |
Μύ |
β |
β |
β |
β |
142 |
β |
Unrealized gains (losses) on intergroup interests (note 1) |
β |
β |
20 |
β |
12 |
β |
(32) |
β |
β |
β |
Other, net |
β |
Μύ |
(75) |
Μύ |
1 |
β |
2 |
β |
(72) |
β |
β |
β |
Μύ |
(83) |
Μύ |
16 |
β |
(62) |
β |
(129) |
β |
Earnings (loss) before income taxes |
β |
Μύ |
521 |
Μύ |
46 |
β |
6 |
β |
573 |
β |
Income tax (expense) benefit |
β |
Μύ |
(108) |
Μύ |
(10) |
β |
(55) |
β |
(173) |
β |
Net earnings (loss) |
β |
Μύ |
413 |
Μύ |
36 |
β |
(49) |
β |
400 |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
71 |
Μύ |
β |
β |
3 |
β |
74 |
β |
Less net earnings (loss) attributable to redeemable noncontrolling interest |
β |
β |
β |
Μύ |
β |
β |
(2) |
β |
(2) |
β |
Net earnings (loss) attributable to Liberty stockholders |
β |
$ |
342 |
Μύ |
36 |
β |
(50) |
β |
328 |
β |
β
STATEMENT OF OPERATIONS INFORMATION
Three months ended September 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 |
$ |
2,025 |
Μύ |
β |
β |
β |
β |
2,025 |
β |
Formula 1 revenue |
β |
β |
β |
β |
β |
β |
597 |
β |
597 |
β |
Other revenue |
β |
Μύ |
β |
Μύ |
110 |
β |
β |
β |
110 |
β |
Total revenue |
β |
Μύ |
2,025 |
Μύ |
110 |
β |
597 |
β |
2,732 |
β |
Operating costs and expenses, including stock-based compensation (note 2): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Cost of Sirius XM Holdings services (exclusive of depreciation shown separately below): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Revenue share and royalties |
β |
Μύ |
602 |
Μύ |
β |
β |
β |
β |
602 |
β |
Programming and content |
β |
Μύ |
123 |
Μύ |
β |
β |
β |
β |
123 |
β |
Customer service and billing |
β |
Μύ |
119 |
Μύ |
β |
β |
β |
β |
119 |
β |
Other |
β |
Μύ |
51 |
Μύ |
β |
β |
β |
β |
51 |
β |
Cost of Formula 1 revenue |
β |
β |
β |
β |
β |
β |
551 |
β |
551 |
β |
Subscriber acquisition costs |
β |
Μύ |
110 |
Μύ |
β |
β |
β |
β |
110 |
β |
Other operating expenses |
β |
Μύ |
64 |
Μύ |
90 |
β |
β |
β |
154 |
β |
Selling, general and administrative |
β |
Μύ |
363 |
Μύ |
17 |
β |
43 |
β |
423 |
β |
Depreciation and amortization |
β |
Μύ |
142 |
Μύ |
19 |
β |
118 |
β |
279 |
β |
β |
β |
Μύ |
1,574 |
Μύ |
126 |
β |
712 |
β |
2,412 |
β |
Operating income (loss) |
β |
Μύ |
451 |
Μύ |
(16) |
β |
(115) |
β |
320 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(116) |
Μύ |
(6) |
β |
(31) |
β |
(153) |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
(183) |
Μύ |
(5) |
β |
1 |
β |
(187) |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
(39) |
Μύ |
β |
β |
55 |
β |
16 |
β |
Unrealized gains (losses) on intergroup interests (note 1) |
β |
β |
25 |
β |
(10) |
β |
(15) |
β |
β |
β |
Other, net |
β |
Μύ |
(36) |
Μύ |
(1) |
β |
5 |
β |
(32) |
β |
β |
β |
Μύ |
(349) |
Μύ |
(22) |
β |
15 |
β |
(356) |
β |
Earnings (loss) before income taxes |
β |
Μύ |
102 |
Μύ |
(38) |
β |
(100) |
β |
(36) |
β |
Income tax (expense) benefit |
β |
Μύ |
(22) |
Μύ |
7 |
β |
8 |
β |
(7) |
β |
Net earnings (loss) |
β |
Μύ |
80 |
Μύ |
(31) |
β |
(92) |
β |
(43) |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
68 |
Μύ |
β |
β |
3 |
β |
71 |
β |
Net earnings (loss) attributable to Liberty stockholders |
β |
$ |
12 |
Μύ |
(31) |
β |
(95) |
β |
(114) |
β |
β
β
STATEMENT OF OPERATIONS INFORMATION
Nine months ended September 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 |
$ |
6,415 |
Μύ |
β |
β |
β |
β |
6,415 |
β |
Formula 1 revenue |
β |
β |
β |
β |
β |
β |
1,349 |
β |
1,349 |
β |
Other revenue |
β |
Μύ |
β |
Μύ |
466 |
β |
β |
β |
466 |
β |
Total revenue |
β |
Μύ |
6,415 |
Μύ |
466 |
β |
1,349 |
β |
8,230 |
β |
Operating costs and expenses, including stock-based compensation (note 2): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Cost of Sirius XM Holdings services (exclusive of depreciation shown separately below): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Revenue share and royalties |
β |
Μύ |
1,974 |
Μύ |
β |
β |
β |
β |
1,974 |
β |
Programming and content |
β |
Μύ |
407 |
Μύ |
β |
β |
β |
β |
407 |
β |
Customer service and billing |
β |
Μύ |
372 |
Μύ |
β |
β |
β |
β |
372 |
β |
Other |
β |
Μύ |
167 |
Μύ |
β |
β |
β |
β |
167 |
β |
Cost of Formula 1 revenue |
β |
β |
β |
β |
β |
β |
931 |
β |
931 |
β |
Subscriber acquisition costs |
β |
Μύ |
245 |
Μύ |
β |
β |
β |
β |
245 |
β |
Other operating expenses |
β |
Μύ |
197 |
Μύ |
316 |
β |
β |
β |
513 |
β |
Selling, general and administrative |
β |
Μύ |
1,122 |
Μύ |
73 |
β |
141 |
β |
1,336 |
β |
Impairment, restructuring and acquisition costs, net of recoveries |
β |
β |
13 |
Μύ |
β |
β |
β |
β |
13 |
β |
Depreciation and amortization |
β |
Μύ |
451 |
Μύ |
56 |
β |
299 |
β |
806 |
β |
β |
β |
Μύ |
4,948 |
Μύ |
445 |
β |
1,371 |
β |
6,764 |
β |
Operating income (loss) |
β |
Μύ |
1,467 |
Μύ |
21 |
β |
(22) |
β |
1,466 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(373) |
Μύ |
(18) |
β |
(93) |
β |
(484) |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
(181) |
Μύ |
20 |
β |
27 |
β |
(134) |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
(42) |
Μύ |
1 |
β |
107 |
β |
66 |
β |
Gains (losses) on dilution of investment in affiliate |
β |
β |
152 |
Μύ |
β |
β |
β |
β |
152 |
β |
Unrealized gains (losses) on intergroup interest (note 1) |
β |
β |
52 |
β |
(15) |
β |
(37) |
β |
β |
β |
Other, net |
β |
Μύ |
(66) |
Μύ |
1 |
β |
11 |
β |
(54) |
β |
β |
β |
Μύ |
(458) |
Μύ |
(11) |
β |
15 |
β |
(454) |
β |
Earnings (loss) before income taxes |
β |
Μύ |
1,009 |
Μύ |
10 |
β |
(7) |
β |
1,012 |
β |
Income tax (expense) benefit |
β |
Μύ |
(126) |
Μύ |
(8) |
β |
36 |
β |
(98) |
β |
Net earnings (loss) |
β |
Μύ |
883 |
Μύ |
2 |
β |
29 |
β |
914 |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
215 |
Μύ |
β |
β |
19 |
β |
234 |
β |
Less net earnings (loss) attributable to redeemable noncontrolling interest |
β |
β |
β |
Μύ |
β |
β |
51 |
β |
51 |
β |
Net earnings (loss) attributable to Liberty stockholders |
β |
$ |
668 |
Μύ |
2 |
β |
(41) |
β |
629 |
β |
β
STATEMENT OF OPERATIONS INFORMATION
Nine months ended September 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 |
$ |
5,851 |
Μύ |
β |
β |
β |
β |
5,851 |
β |
Formula 1 revenue |
β |
β |
β |
β |
β |
β |
660 |
β |
660 |
β |
Other revenue |
β |
Μύ |
β |
Μύ |
143 |
β |
β |
β |
143 |
β |
Total revenue |
β |
Μύ |
5,851 |
Μύ |
143 |
β |
660 |
β |
6,654 |
β |
Operating costs and expenses, including stock-based compensation (note 2): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Cost of Sirius XM Holdings services (exclusive of depreciation shown separately below): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Revenue share and royalties |
β |
Μύ |
1,759 |
Μύ |
β |
β |
β |
β |
1,759 |
β |
Programming and content |
β |
Μύ |
351 |
Μύ |
β |
β |
β |
β |
351 |
β |
Customer service and billing |
β |
Μύ |
359 |
Μύ |
β |
β |
β |
β |
359 |
β |
Other |
β |
Μύ |
142 |
Μύ |
β |
β |
β |
β |
142 |
β |
Cost of Formula 1 revenue |
β |
β |
β |
β |
β |
β |
610 |
β |
610 |
β |
Subscriber acquisition costs |
β |
Μύ |
257 |
Μύ |
β |
β |
β |
β |
257 |
β |
Other operating expenses |
β |
Μύ |
196 |
Μύ |
143 |
β |
β |
β |
339 |
β |
Selling, general and administrative |
β |
Μύ |
1,055 |
Μύ |
39 |
β |
127 |
β |
1,221 |
β |
Impairment, restructuring and acquisition costs, net of recoveries |
β |
β |
24 |
Μύ |
β |
β |
β |
β |
24 |
β |
Depreciation and amortization |
β |
Μύ |
432 |
Μύ |
54 |
β |
326 |
β |
812 |
β |
β |
β |
Μύ |
4,575 |
Μύ |
236 |
β |
1,063 |
β |
5,874 |
β |
Operating income (loss) |
β |
Μύ |
1,276 |
Μύ |
(93) |
β |
(403) |
β |
780 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(347) |
Μύ |
(19) |
β |
(114) |
β |
(480) |
β |
Intergroup interest (expense) income |
β |
β |
(7) |
Μύ |
β |
β |
7 |
β |
β |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
(331) |
Μύ |
(2) |
β |
(109) |
β |
(442) |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
(228) |
Μύ |
(10) |
β |
75 |
β |
(163) |
β |
Gains (losses) on dilution of investment in affiliate |
β |
β |
1 |
β |
β |
β |
β |
β |
1 |
β |
Unrealized gains (losses) on intergroup interests (note 1) |
β |
β |
92 |
β |
78 |
β |
(170) |
β |
β |
β |
Other, net |
β |
Μύ |
(20) |
Μύ |
(1) |
β |
19 |
β |
(2) |
β |
β |
β |
Μύ |
(840) |
Μύ |
46 |
β |
(292) |
β |
(1,086) |
β |
Earnings (loss) before income taxes |
β |
Μύ |
436 |
Μύ |
(47) |
β |
(695) |
β |
(306) |
β |
Income tax (expense) benefit |
β |
Μύ |
(88) |
Μύ |
31 |
β |
60 |
β |
3 |
β |
Net earnings (loss) |
β |
Μύ |
348 |
Μύ |
(16) |
β |
(635) |
β |
(303) |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
210 |
Μύ |
β |
β |
3 |
β |
213 |
β |
Net earnings (loss) attributable to Liberty stockholders |
β |
$ |
138 |
Μύ |
(16) |
β |
(638) |
β |
(516) |
β |
β
|
| Condensed Statement of Cash Flows |
STATEMENT OF CASH FLOWS INFORMATION
Nine months ended September 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 |
$ |
883 |
Μύ |
2 |
β |
29 |
β |
914 |
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 |
451 |
Μύ |
56 |
β |
299 |
β |
806 |
β |
Stock-based compensation |
β |
Μύ |
158 |
Μύ |
9 |
β |
21 |
β |
188 |
β |
Non-cash impairment and restructuring costs |
β |
β |
24 |
β |
β |
β |
β |
β |
24 |
β |
Changes in fair value of contingent consideration |
β |
β |
(17) |
β |
β |
β |
β |
β |
(17) |
β |
Share of (earnings) loss of affiliates, net |
β |
Μύ |
181 |
Μύ |
(20) |
β |
(27) |
β |
134 |
β |
Unrealized (gains) losses on intergroup interests, net |
β |
β |
(52) |
β |
15 |
β |
37 |
β |
β |
β |
Realized and unrealized (gains) losses on financial instruments, net |
β |
Μύ |
42 |
Μύ |
(1) |
β |
(107) |
β |
(66) |
β |
Losses (gains) on dilution of investment in affiliate |
β |
β |
(152) |
Μύ |
β |
β |
β |
β |
(152) |
β |
Deferred income tax expense (benefit) |
β |
Μύ |
66 |
Μύ |
10 |
β |
(43) |
β |
33 |
β |
Intergroup tax allocation |
β |
β |
5 |
β |
(2) |
β |
(3) |
β |
β |
β |
Other charges (credits), net |
β |
Μύ |
94 |
Μύ |
7 |
β |
3 |
β |
104 |
β |
Changes in operating assets and liabilities |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Current and other assets |
β |
Μύ |
54 |
Μύ |
(52) |
β |
(47) |
β |
(45) |
β |
Payables and other liabilities |
β |
Μύ |
(439) |
Μύ |
(16) |
β |
205 |
β |
(250) |
β |
Net cash provided (used) by operating activities |
β |
Μύ |
1,298 |
Μύ |
8 |
β |
367 |
β |
1,673 |
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 |
(66) |
Μύ |
β |
β |
(152) |
β |
(218) |
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 |
27 |
β |
2 |
β |
167 |
β |
196 |
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 |
(244) |
Μύ |
(26) |
β |
(10) |
β |
(280) |
β |
Proceeds from insurance recoveries |
β |
β |
225 |
β |
β |
β |
β |
β |
225 |
β |
Other investing activities, net |
β |
Μύ |
6 |
Μύ |
8 |
β |
(1) |
β |
13 |
β |
Net cash provided (used) by investing activities |
β |
Μύ |
(66) |
Μύ |
(16) |
β |
(533) |
β |
(615) |
β |
Cash flows from financing activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Borrowings of debt |
β |
Μύ |
6,294 |
Μύ |
113 |
β |
β |
β |
6,407 |
β |
Repayments of debt |
β |
Μύ |
(5,871) |
Μύ |
(67) |
β |
(191) |
β |
(6,129) |
β |
Liberty stock repurchases |
β |
β |
(351) |
β |
β |
β |
(47) |
β |
(398) |
β |
Subsidiary shares repurchased by subsidiary |
β |
Μύ |
(1,174) |
Μύ |
β |
β |
β |
β |
(1,174) |
β |
Cash dividends paid by subsidiary |
β |
β |
(41) |
β |
β |
β |
β |
β |
(41) |
β |
Taxes paid in lieu of shares issued for stock-based compensation |
β |
Μύ |
(91) |
Μύ |
β |
β |
(2) |
β |
(93) |
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 |
(85) |
β |
(6) |
β |
(37) |
β |
(128) |
β |
Net cash provided (used) by financing activities |
β |
Μύ |
(1,703) |
Μύ |
40 |
β |
682 |
β |
(981) |
β |
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash |
β |
β |
β |
β |
β |
β |
(5) |
β |
(5) |
β |
Net increase (decrease) in cash, cash equivalents and restricted cash |
β |
Μύ |
(471) |
Μύ |
32 |
β |
511 |
β |
72 |
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 |
$ |
537 |
Μύ |
217 |
β |
2,195 |
β |
2,949 |
β |
β
STATEMENT OF CASH FLOWS INFORMATION
Nine months ended September 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 |
$ |
348 |
Μύ |
(16) |
β |
(635) |
β |
(303) |
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 |
432 |
Μύ |
54 |
β |
326 |
β |
812 |
β |
Stock-based compensation |
β |
Μύ |
173 |
Μύ |
(10) |
β |
17 |
β |
180 |
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 |
331 |
Μύ |
2 |
β |
109 |
β |
442 |
β |
Unrealized (gains) losses on intergroup interests, net |
β |
β |
(92) |
β |
(78) |
β |
170 |
β |
β |
β |
Realized and unrealized (gains) losses on financial instruments, net |
β |
Μύ |
228 |
Μύ |
10 |
β |
(75) |
β |
163 |
β |
Losses (gains) on dilution of investment in affiliate |
β |
β |
(1) |
β |
β |
β |
β |
β |
(1) |
β |
Deferred income tax expense (benefit) |
β |
Μύ |
33 |
Μύ |
(15) |
β |
(61) |
β |
(43) |
β |
Intergroup tax allocation |
β |
β |
4 |
β |
(16) |
β |
12 |
β |
β |
β |
Other charges (credits), net |
β |
Μύ |
50 |
Μύ |
10 |
β |
2 |
β |
62 |
β |
Changes in operating assets and liabilities |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Current and other assets |
β |
Μύ |
150 |
Μύ |
(16) |
β |
(282) |
β |
(148) |
β |
Payables and other liabilities |
β |
Μύ |
(301) |
Μύ |
19 |
β |
150 |
β |
(132) |
β |
Net cash provided (used) by operating activities |
β |
Μύ |
1,379 |
Μύ |
(56) |
β |
(267) |
β |
1,056 |
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 |
(91) |
Μύ |
β |
β |
(3) |
β |
(94) |
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 |
(230) |
Μύ |
(69) |
β |
(17) |
β |
(316) |
β |
Other investing activities, net |
β |
Μύ |
10 |
Μύ |
4 |
β |
(3) |
β |
11 |
β |
Net cash provided (used) by investing activities |
β |
Μύ |
(339) |
Μύ |
(65) |
β |
95 |
β |
(309) |
β |
Cash flows from financing activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Borrowings of debt |
β |
Μύ |
2,300 |
Μύ |
216 |
β |
522 |
β |
3,038 |
β |
Repayments of debt |
β |
Μύ |
(1,922) |
Μύ |
(62) |
β |
(611) |
β |
(2,595) |
β |
Intergroup Loan (repayment) borrowing |
β |
β |
(750) |
Μύ |
β |
β |
750 |
β |
β |
β |
Liberty stock repurchases |
β |
β |
(135) |
β |
β |
β |
(69) |
β |
(204) |
β |
Subsidiary shares repurchased by subsidiary |
β |
Μύ |
(870) |
Μύ |
β |
β |
β |
β |
(870) |
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 |
(49) |
β |
β |
β |
β |
β |
(49) |
β |
Taxes paid in lieu of shares issued for stock-based compensation |
β |
Μύ |
(84) |
Μύ |
β |
β |
(2) |
β |
(86) |
β |
Other financing activities, net |
β |
β |
(35) |
β |
(5) |
β |
(26) |
β |
(66) |
β |
Net cash provided (used) by financing activities |
β |
Μύ |
(1,399) |
Μύ |
149 |
β |
1,172 |
β |
(78) |
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 |
(359) |
Μύ |
28 |
β |
999 |
β |
668 |
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 |
$ |
148 |
Μύ |
240 |
β |
1,586 |
β |
1,974 |
β |
|