Financial Information for Tracking Stock Groups (Tables)
|
6 Months Ended |
Jun. 30, 2022 |
|---|
| Condensed Balance Sheets |
BALANCE SHEET INFORMATION
June 30, 2022
(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 |
$ |
494 |
β |
207 |
β |
1,944 |
β |
β |
β |
2,645 |
Μύ |
Trade and other receivables, net |
β |
Μύ |
660 |
β |
74 |
β |
89 |
β |
β |
β |
823 |
Μύ |
Other current assets |
β |
Μύ |
348 |
β |
81 |
β |
229 |
β |
β |
β |
658 |
Μύ |
Total current assets |
β |
Μύ |
1,502 |
β |
362 |
β |
2,262 |
β |
β |
β |
4,126 |
Μύ |
Intergroup interests (note 1) |
β |
β |
363 |
β |
β |
β |
163 |
β |
(526) |
β |
β |
β |
Investments in affiliates, accounted for using the equity method (noteΜύ1) |
β |
Μύ |
823 |
β |
115 |
β |
28 |
β |
β |
β |
966 |
Μύ |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Property and equipment, at cost |
β |
Μύ |
2,886 |
β |
1,002 |
β |
451 |
β |
β |
β |
4,339 |
Μύ |
Accumulated depreciation |
β |
Μύ |
(1,768) |
β |
(254) |
β |
(91) |
β |
β |
β |
(2,113) |
Μύ |
β |
β |
Μύ |
1,118 |
β |
748 |
β |
360 |
β |
β |
β |
2,226 |
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 |
15,209 |
β |
176 |
β |
3,956 |
β |
β |
β |
19,341 |
Μύ |
FCC licenses |
β |
Μύ |
8,600 |
β |
β |
β |
β |
β |
β |
β |
8,600 |
Μύ |
Other |
β |
Μύ |
1,242 |
β |
124 |
β |
β |
β |
β |
β |
1,366 |
Μύ |
β |
β |
Μύ |
25,051 |
β |
300 |
β |
3,956 |
β |
β |
β |
29,307 |
Μύ |
Intangible assets subject to amortization, net |
β |
Μύ |
1,190 |
β |
20 |
β |
3,335 |
β |
β |
β |
4,545 |
Μύ |
Other assets |
β |
Μύ |
1,105 |
β |
64 |
β |
1,466 |
β |
(45) |
β |
2,590 |
Μύ |
Total assets |
β |
$ |
31,152 |
β |
1,609 |
β |
11,570 |
β |
(571) |
β |
43,760 |
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 |
$ |
7 |
β |
(9) |
β |
2 |
β |
β |
β |
β |
β |
Accounts payable and accrued liabilities |
β |
β |
1,372 |
Μύ |
71 |
β |
271 |
β |
β |
β |
1,714 |
β |
Current portion of debt |
β |
β |
387 |
β |
80 |
β |
444 |
β |
β |
β |
911 |
β |
Deferred revenue |
β |
Μύ |
1,432 |
Μύ |
131 |
β |
426 |
β |
β |
β |
1,989 |
β |
Other current liabilities |
β |
Μύ |
66 |
Μύ |
4 |
β |
25 |
β |
β |
β |
95 |
β |
Total current liabilities |
β |
Μύ |
3,264 |
Μύ |
277 |
β |
1,168 |
β |
β |
β |
4,709 |
β |
Long-term debt (note 1) |
β |
Μύ |
13,516 |
Μύ |
519 |
β |
2,936 |
β |
β |
β |
16,971 |
β |
Deferred income tax liabilities |
β |
Μύ |
2,240 |
Μύ |
58 |
β |
β |
β |
(45) |
β |
2,253 |
β |
Redeemable intergroup interests (note 1) |
β |
β |
β |
β |
221 |
β |
305 |
β |
(526) |
β |
β |
β |
Other liabilities |
β |
Μύ |
565 |
Μύ |
177 |
β |
152 |
β |
β |
β |
894 |
β |
Total liabilities |
β |
Μύ |
19,585 |
Μύ |
1,252 |
β |
4,561 |
β |
(571) |
β |
24,827 |
β |
Redeemable noncontrolling interests in equity of subsidiary |
β |
β |
β |
β |
β |
β |
576 |
β |
β |
β |
576 |
β |
Equity / Attributed net assets |
β |
Μύ |
8,411 |
Μύ |
357 |
β |
6,408 |
β |
β |
β |
15,176 |
β |
Noncontrolling interests in equity of subsidiaries |
β |
Μύ |
3,156 |
Μύ |
β |
β |
25 |
β |
β |
β |
3,181 |
β |
Total liabilities and equity |
β |
$ |
31,152 |
Μύ |
1,609 |
β |
11,570 |
β |
(571) |
β |
43,760 |
β |
|
| Condensed Statement of Operations |
STATEMENT OF OPERATIONS INFORMATION
Three months ended June 30, 2022
(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 |
$ |
2,254 |
Μύ |
β |
β |
β |
β |
2,254 |
β |
Formula 1 revenue |
β |
β |
β |
β |
β |
β |
744 |
β |
744 |
β |
Other revenue |
β |
Μύ |
β |
Μύ |
260 |
β |
β |
β |
260 |
β |
Total revenue |
β |
Μύ |
2,254 |
Μύ |
260 |
β |
744 |
β |
3,258 |
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 |
711 |
Μύ |
β |
β |
β |
β |
711 |
β |
Programming and content |
β |
Μύ |
152 |
Μύ |
β |
β |
β |
β |
152 |
β |
Customer service and billing |
β |
Μύ |
126 |
Μύ |
β |
β |
β |
β |
126 |
β |
Other |
β |
Μύ |
58 |
Μύ |
β |
β |
β |
β |
58 |
β |
Cost of Formula 1 revenue |
β |
β |
β |
β |
β |
β |
534 |
β |
534 |
β |
Subscriber acquisition costs |
β |
Μύ |
91 |
Μύ |
β |
β |
β |
β |
91 |
β |
Other operating expenses |
β |
Μύ |
72 |
Μύ |
175 |
β |
β |
β |
247 |
β |
Selling, general and administrative |
β |
Μύ |
419 |
Μύ |
33 |
β |
68 |
β |
520 |
β |
Impairment, restructuring and acquisition costs, net of recoveries |
β |
β |
1 |
Μύ |
β |
β |
β |
β |
1 |
β |
Depreciation and amortization |
β |
Μύ |
152 |
Μύ |
17 |
β |
93 |
β |
262 |
β |
β |
β |
Μύ |
1,782 |
Μύ |
225 |
β |
695 |
β |
2,702 |
β |
Operating income (loss) |
β |
Μύ |
472 |
Μύ |
35 |
β |
49 |
β |
556 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(125) |
Μύ |
(6) |
β |
(30) |
β |
(161) |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
54 |
Μύ |
8 |
β |
(1) |
β |
61 |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
296 |
Μύ |
1 |
β |
83 |
β |
380 |
β |
Unrealized gains (losses) on intergroup interests (note 1) |
β |
β |
(35) |
β |
35 |
β |
β |
β |
β |
β |
Other, net |
β |
Μύ |
4 |
Μύ |
1 |
β |
17 |
β |
22 |
β |
β |
β |
Μύ |
194 |
Μύ |
39 |
β |
69 |
β |
302 |
β |
Earnings (loss) before income taxes |
β |
Μύ |
666 |
Μύ |
74 |
β |
118 |
β |
858 |
β |
Income tax (expense) benefit |
β |
Μύ |
(168) |
Μύ |
(10) |
β |
(6) |
β |
(184) |
β |
Net earnings (loss) |
β |
Μύ |
498 |
Μύ |
64 |
β |
112 |
β |
674 |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
51 |
Μύ |
β |
β |
2 |
β |
53 |
β |
Less net earnings (loss) attributable to redeemable noncontrolling interest |
β |
β |
β |
Μύ |
β |
β |
(1) |
β |
(1) |
β |
Net earnings (loss) attributable to Liberty stockholders |
β |
$ |
447 |
Μύ |
64 |
β |
111 |
β |
622 |
β |
β
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 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 |
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, net of recoveries |
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 |
Net earnings (loss) attributable to Liberty stockholders |
β |
$ |
337 |
Μύ |
25 |
β |
55 |
β |
417 |
β |
β
STATEMENT OF OPERATIONS INFORMATION
Six months ended June 30, 2022
(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 |
$ |
4,440 |
Μύ |
β |
β |
β |
β |
4,440 |
β |
Formula 1 revenue |
β |
β |
β |
β |
β |
β |
1,104 |
β |
1,104 |
β |
Other revenue |
β |
Μύ |
β |
Μύ |
283 |
β |
β |
β |
283 |
β |
Total revenue |
β |
Μύ |
4,440 |
Μύ |
283 |
β |
1,104 |
β |
5,827 |
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 |
1,381 |
Μύ |
β |
β |
β |
β |
1,381 |
β |
Programming and content |
β |
Μύ |
292 |
Μύ |
β |
β |
β |
β |
292 |
β |
Customer service and billing |
β |
Μύ |
251 |
Μύ |
β |
β |
β |
β |
251 |
β |
Other |
β |
Μύ |
112 |
Μύ |
β |
β |
β |
β |
112 |
β |
Cost of Formula 1 revenue |
β |
β |
β |
β |
β |
β |
729 |
β |
729 |
β |
Subscriber acquisition costs |
β |
Μύ |
181 |
Μύ |
β |
β |
β |
β |
181 |
β |
Other operating expenses |
β |
Μύ |
139 |
Μύ |
198 |
β |
β |
β |
337 |
β |
Selling, general and administrative |
β |
Μύ |
823 |
Μύ |
55 |
β |
124 |
β |
1,002 |
β |
Impairment, restructuring and acquisition costs, net of recoveries |
β |
β |
1 |
Μύ |
β |
β |
β |
β |
1 |
β |
Depreciation and amortization |
β |
Μύ |
304 |
Μύ |
35 |
β |
183 |
β |
522 |
β |
β |
β |
Μύ |
3,484 |
Μύ |
288 |
β |
1,036 |
β |
4,808 |
β |
Operating income (loss) |
β |
Μύ |
956 |
Μύ |
(5) |
β |
68 |
β |
1,019 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(247) |
Μύ |
(12) |
β |
(59) |
β |
(318) |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
36 |
Μύ |
12 |
β |
(1) |
β |
47 |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
357 |
Μύ |
6 |
β |
76 |
β |
439 |
β |
Unrealized gains (losses) on intergroup interest (note 1) |
β |
β |
(15) |
β |
36 |
β |
(21) |
β |
β |
β |
Other, net |
β |
Μύ |
24 |
Μύ |
21 |
β |
22 |
β |
67 |
β |
β |
β |
Μύ |
155 |
Μύ |
63 |
β |
17 |
β |
235 |
β |
Earnings (loss) before income taxes |
β |
Μύ |
1,111 |
Μύ |
58 |
β |
85 |
β |
1,254 |
β |
Income tax (expense) benefit |
β |
Μύ |
(269) |
Μύ |
(7) |
β |
(8) |
β |
(284) |
β |
Net earnings (loss) |
β |
Μύ |
842 |
Μύ |
51 |
β |
77 |
β |
970 |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
107 |
Μύ |
β |
β |
11 |
β |
118 |
β |
Less net earnings (loss) attributable to redeemable noncontrolling interest |
β |
β |
β |
Μύ |
β |
β |
(10) |
β |
(10) |
β |
Net earnings (loss) attributable to Liberty stockholders |
β |
$ |
735 |
Μύ |
51 |
β |
76 |
β |
862 |
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 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 |
1,303 |
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, net of recoveries |
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 |
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 interests (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
|
| Condensed Statement of Cash Flows |
STATEMENT OF CASH FLOWS INFORMATION
Six months ended June 30, 2022
(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 |
$ |
842 |
Μύ |
51 |
β |
77 |
β |
970 |
β |
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Depreciation and amortization |
β |
Μύ |
304 |
Μύ |
35 |
β |
183 |
β |
522 |
β |
Stock-based compensation |
β |
Μύ |
99 |
Μύ |
6 |
β |
7 |
β |
112 |
β |
Share of (earnings) loss of affiliates, net |
β |
Μύ |
(36) |
Μύ |
(12) |
β |
1 |
β |
(47) |
β |
Unrealized (gains) losses on intergroup interests, net |
β |
β |
15 |
β |
(36) |
β |
21 |
β |
β |
β |
Realized and unrealized (gains) losses on financial instruments, net |
β |
Μύ |
(357) |
Μύ |
(6) |
β |
(76) |
β |
(439) |
β |
Deferred income tax expense (benefit) |
β |
Μύ |
161 |
Μύ |
(6) |
β |
26 |
β |
181 |
β |
Intergroup tax allocation |
β |
β |
65 |
β |
13 |
β |
(78) |
β |
β |
β |
Intergroup tax (payments) receipts |
β |
β |
(42) |
β |
9 |
β |
33 |
β |
β |
β |
Other charges (credits), net |
β |
Μύ |
(13) |
Μύ |
(11) |
β |
(10) |
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 |
11 |
Μύ |
(8) |
β |
(117) |
β |
(114) |
β |
Payables and other liabilities |
β |
Μύ |
(162) |
Μύ |
65 |
β |
167 |
β |
70 |
β |
Net cash provided (used) by operating activities |
β |
Μύ |
887 |
Μύ |
100 |
β |
234 |
β |
1,221 |
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 |
(1) |
Μύ |
(5) |
β |
(3) |
β |
(9) |
β |
Cash proceeds from dispositions |
β |
β |
50 |
β |
47 |
β |
51 |
β |
148 |
β |
Cash (paid) received for acquisitions, net of cash acquired |
β |
β |
(137) |
β |
β |
β |
β |
β |
(137) |
β |
Capital expended for property and equipment, including internal-use software and website development |
β |
Μύ |
(196) |
Μύ |
(8) |
β |
(251) |
β |
(455) |
β |
Other investing activities, net |
β |
Μύ |
4 |
Μύ |
β |
β |
74 |
β |
78 |
β |
Net cash provided (used) by investing activities |
β |
Μύ |
(280) |
Μύ |
34 |
β |
(129) |
β |
(375) |
β |
Cash flows from financing activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Borrowings of debt |
β |
Μύ |
2,634 |
Μύ |
40 |
β |
β |
β |
2,674 |
β |
Repayments of debt |
β |
Μύ |
(2,320) |
Μύ |
(138) |
β |
(243) |
β |
(2,701) |
β |
Liberty stock repurchases |
β |
β |
(319) |
β |
β |
β |
(37) |
β |
(356) |
β |
Subsidiary shares repurchased by subsidiary |
β |
Μύ |
(415) |
Μύ |
β |
β |
β |
β |
(415) |
β |
Cash dividends paid by subsidiary |
β |
β |
(217) |
β |
β |
β |
β |
β |
(217) |
β |
Taxes paid in lieu of shares issued for stock-based compensation |
β |
Μύ |
(71) |
Μύ |
β |
β |
26 |
β |
(45) |
β |
Other financing activities, net |
β |
β |
(3) |
β |
(7) |
β |
27 |
β |
17 |
β |
Net cash provided (used) by financing activities |
β |
Μύ |
(711) |
Μύ |
(105) |
β |
(227) |
β |
(1,043) |
β |
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash |
β |
β |
β |
β |
β |
β |
(8) |
β |
(8) |
β |
Net increase (decrease) in cash, cash equivalents and restricted cash |
β |
Μύ |
(104) |
Μύ |
29 |
β |
(130) |
β |
(205) |
β |
Cash, cash equivalents and restricted cash at beginning of period |
β |
Μύ |
606 |
Μύ |
244 |
β |
2,074 |
β |
2,924 |
β |
Cash, cash equivalents and restricted cash at end of period |
β |
$ |
502 |
Μύ |
273 |
β |
1,944 |
β |
2,719 |
β |
β
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 (loss) 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 |
Cash proceeds from dispositions |
β |
β |
β |
β |
2 |
β |
167 |
β |
169 |
β |
Cash (paid) received for 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 |
37 |
β |
41 |
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 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 |
|