Financial Information for Tracking Stock Groups (Tables)
|
9 Months Ended |
Sep. 30, 2022 |
|---|
| Condensed Balance Sheets |
BALANCE SHEET INFORMATION
September 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 |
$ |
264 |
β |
159 |
β |
2,119 |
β |
β |
β |
2,542 |
Μύ |
Trade and other receivables, net |
β |
Μύ |
658 |
β |
65 |
β |
103 |
β |
β |
β |
826 |
Μύ |
Other current assets |
β |
Μύ |
325 |
β |
81 |
β |
196 |
β |
β |
β |
602 |
Μύ |
Total current assets |
β |
Μύ |
1,247 |
β |
305 |
β |
2,418 |
β |
β |
β |
3,970 |
Μύ |
Intergroup interests (note 1) |
β |
β |
270 |
β |
β |
β |
187 |
β |
(457) |
β |
β |
β |
Investments in affiliates, accounted for using the equity method (noteΜύ1) |
β |
Μύ |
885 |
β |
114 |
β |
29 |
β |
β |
β |
1,028 |
Μύ |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Property and equipment, at cost |
β |
Μύ |
2,863 |
β |
999 |
β |
467 |
β |
β |
β |
4,329 |
Μύ |
Accumulated depreciation |
β |
Μύ |
(1,779) |
β |
(265) |
β |
(103) |
β |
β |
β |
(2,147) |
Μύ |
β |
β |
Μύ |
1,084 |
β |
734 |
β |
364 |
β |
β |
β |
2,182 |
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 |
1,132 |
β |
25 |
β |
3,249 |
β |
β |
β |
4,406 |
Μύ |
Other assets |
β |
Μύ |
760 |
β |
56 |
β |
1,528 |
β |
(2) |
β |
2,342 |
Μύ |
Total assets |
β |
$ |
30,429 |
β |
1,534 |
β |
11,731 |
β |
(459) |
β |
43,235 |
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 |
$ |
4 |
β |
(7) |
β |
3 |
β |
β |
β |
β |
β |
Accounts payable and accrued liabilities |
β |
β |
1,315 |
Μύ |
58 |
β |
267 |
β |
β |
β |
1,640 |
β |
Current portion of debt |
β |
β |
381 |
β |
75 |
β |
43 |
β |
β |
β |
499 |
β |
Deferred revenue |
β |
Μύ |
1,381 |
Μύ |
78 |
β |
471 |
β |
β |
β |
1,930 |
β |
Other current liabilities |
β |
Μύ |
65 |
Μύ |
4 |
β |
26 |
β |
β |
β |
95 |
β |
Total current liabilities |
β |
Μύ |
3,146 |
Μύ |
208 |
β |
810 |
β |
β |
β |
4,164 |
β |
Long-term debt (note 1) |
β |
Μύ |
13,133 |
Μύ |
523 |
β |
3,410 |
β |
β |
β |
17,066 |
β |
Deferred income tax liabilities |
β |
Μύ |
2,042 |
Μύ |
53 |
β |
β |
β |
(2) |
β |
2,093 |
β |
Redeemable intergroup interests (note 1) |
β |
β |
β |
β |
238 |
β |
219 |
β |
(457) |
β |
β |
β |
Other liabilities |
β |
Μύ |
544 |
Μύ |
173 |
β |
151 |
β |
β |
β |
868 |
β |
Total liabilities |
β |
Μύ |
18,865 |
Μύ |
1,195 |
β |
4,590 |
β |
(459) |
β |
24,191 |
β |
Redeemable noncontrolling interests in equity of subsidiary |
β |
β |
β |
β |
β |
β |
578 |
β |
β |
β |
578 |
β |
Equity / Attributed net assets |
β |
Μύ |
8,457 |
Μύ |
339 |
β |
6,538 |
β |
β |
β |
15,334 |
β |
Noncontrolling interests in equity of subsidiaries |
β |
Μύ |
3,107 |
Μύ |
β |
β |
25 |
β |
β |
β |
3,132 |
β |
Total liabilities and equity |
β |
$ |
30,429 |
Μύ |
1,534 |
β |
11,731 |
β |
(459) |
β |
43,235 |
β |
|
| Condensed Statement of Operations |
STATEMENT OF OPERATIONS INFORMATION
Three months ended September 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 |
$ |
2,280 |
Μύ |
β |
β |
β |
β |
2,280 |
β |
Formula 1 revenue |
β |
β |
β |
β |
β |
β |
715 |
β |
715 |
β |
Other revenue |
β |
Μύ |
β |
Μύ |
252 |
β |
β |
β |
252 |
β |
Total revenue |
β |
Μύ |
2,280 |
Μύ |
252 |
β |
715 |
β |
3,247 |
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 |
709 |
Μύ |
β |
β |
β |
β |
709 |
β |
Programming and content |
β |
Μύ |
156 |
Μύ |
β |
β |
β |
β |
156 |
β |
Customer service and billing |
β |
Μύ |
122 |
Μύ |
β |
β |
β |
β |
122 |
β |
Other |
β |
Μύ |
54 |
Μύ |
β |
β |
β |
β |
54 |
β |
Cost of Formula 1 revenue |
β |
β |
β |
β |
β |
β |
494 |
β |
494 |
β |
Subscriber acquisition costs |
β |
Μύ |
86 |
Μύ |
β |
β |
β |
β |
86 |
β |
Other operating expenses |
β |
Μύ |
69 |
Μύ |
184 |
β |
β |
β |
253 |
β |
Selling, general and administrative |
β |
Μύ |
424 |
Μύ |
33 |
β |
68 |
β |
525 |
β |
Impairment, restructuring and acquisition costs, net of recoveries |
β |
β |
69 |
Μύ |
5 |
β |
β |
β |
74 |
β |
Depreciation and amortization |
β |
Μύ |
157 |
Μύ |
22 |
β |
89 |
β |
268 |
β |
β |
β |
Μύ |
1,846 |
Μύ |
244 |
β |
651 |
β |
2,741 |
β |
Operating income (loss) |
β |
Μύ |
434 |
Μύ |
8 |
β |
64 |
β |
506 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(130) |
Μύ |
(8) |
β |
(41) |
β |
(179) |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
104 |
Μύ |
6 |
β |
1 |
β |
111 |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
76 |
Μύ |
6 |
β |
24 |
β |
106 |
β |
Gains (losses) on dilution of investment in affiliate |
β |
β |
2 |
Μύ |
β |
β |
β |
β |
2 |
β |
Unrealized gains (losses) on intergroup interests (note 1) |
β |
β |
(16) |
β |
(31) |
β |
47 |
β |
β |
β |
Other, net |
β |
Μύ |
11 |
Μύ |
β |
β |
7 |
β |
18 |
β |
β |
β |
Μύ |
47 |
Μύ |
(27) |
β |
38 |
β |
58 |
β |
Earnings (loss) before income taxes |
β |
Μύ |
481 |
Μύ |
(19) |
β |
102 |
β |
564 |
β |
Income tax (expense) benefit |
β |
Μύ |
(135) |
Μύ |
(3) |
β |
8 |
β |
(130) |
β |
Net earnings (loss) |
β |
Μύ |
346 |
Μύ |
(22) |
β |
110 |
β |
434 |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
41 |
Μύ |
β |
β |
5 |
β |
46 |
β |
Less net earnings (loss) attributable to redeemable noncontrolling interest |
β |
β |
β |
Μύ |
β |
β |
(3) |
β |
(3) |
β |
Net earnings (loss) attributable to Liberty stockholders |
β |
$ |
305 |
Μύ |
(22) |
β |
108 |
β |
391 |
β |
β
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 |
β |
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 |
β |
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
Nine months ended September 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 |
$ |
6,720 |
Μύ |
β |
β |
β |
β |
6,720 |
β |
Formula 1 revenue |
β |
β |
β |
β |
β |
β |
1,819 |
β |
1,819 |
β |
Other revenue |
β |
Μύ |
β |
Μύ |
535 |
β |
β |
β |
535 |
β |
Total revenue |
β |
Μύ |
6,720 |
Μύ |
535 |
β |
1,819 |
β |
9,074 |
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 |
2,090 |
Μύ |
β |
β |
β |
β |
2,090 |
β |
Programming and content |
β |
Μύ |
448 |
Μύ |
β |
β |
β |
β |
448 |
β |
Customer service and billing |
β |
Μύ |
373 |
Μύ |
β |
β |
β |
β |
373 |
β |
Other |
β |
Μύ |
166 |
Μύ |
β |
β |
β |
β |
166 |
β |
Cost of Formula 1 revenue |
β |
β |
β |
β |
β |
β |
1,223 |
β |
1,223 |
β |
Subscriber acquisition costs |
β |
Μύ |
267 |
Μύ |
β |
β |
β |
β |
267 |
β |
Other operating expenses |
β |
Μύ |
208 |
Μύ |
382 |
β |
β |
β |
590 |
β |
Selling, general and administrative |
β |
Μύ |
1,247 |
Μύ |
88 |
β |
192 |
β |
1,527 |
β |
Impairment, restructuring and acquisition costs, net of recoveries |
β |
β |
70 |
Μύ |
5 |
β |
β |
β |
75 |
β |
Depreciation and amortization |
β |
Μύ |
461 |
Μύ |
57 |
β |
272 |
β |
790 |
β |
β |
β |
Μύ |
5,330 |
Μύ |
532 |
β |
1,687 |
β |
7,549 |
β |
Operating income (loss) |
β |
Μύ |
1,390 |
Μύ |
3 |
β |
132 |
β |
1,525 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(377) |
Μύ |
(20) |
β |
(100) |
β |
(497) |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
140 |
Μύ |
18 |
β |
β |
β |
158 |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
433 |
Μύ |
12 |
β |
100 |
β |
545 |
β |
Gains (losses) on dilution of investment in affiliate |
β |
β |
9 |
Μύ |
β |
β |
β |
β |
9 |
β |
Unrealized gains (losses) on intergroup interest (note 1) |
β |
β |
(31) |
β |
5 |
β |
26 |
β |
β |
β |
Other, net |
β |
Μύ |
28 |
Μύ |
21 |
β |
29 |
β |
78 |
β |
β |
β |
Μύ |
202 |
Μύ |
36 |
β |
55 |
β |
293 |
β |
Earnings (loss) before income taxes |
β |
Μύ |
1,592 |
Μύ |
39 |
β |
187 |
β |
1,818 |
β |
Income tax (expense) benefit |
β |
Μύ |
(404) |
Μύ |
(10) |
β |
β |
β |
(414) |
β |
Net earnings (loss) |
β |
Μύ |
1,188 |
Μύ |
29 |
β |
187 |
β |
1,404 |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
148 |
Μύ |
β |
β |
16 |
β |
164 |
β |
Less net earnings (loss) attributable to redeemable noncontrolling interest |
β |
β |
β |
Μύ |
β |
β |
(13) |
β |
(13) |
β |
Net earnings (loss) attributable to Liberty stockholders |
β |
$ |
1,040 |
Μύ |
29 |
β |
184 |
β |
1,253 |
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 |
β |
β |
β |
β |
β |
152 |
β |
Unrealized gains (losses) on intergroup interests (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
|
| Condensed Statement of Cash Flows |
STATEMENT OF CASH FLOWS INFORMATION
Nine months ended September 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 |
$ |
1,188 |
Μύ |
29 |
β |
187 |
β |
1,404 |
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 |
461 |
Μύ |
57 |
β |
272 |
β |
790 |
β |
Stock-based compensation |
β |
Μύ |
152 |
Μύ |
9 |
β |
12 |
β |
173 |
β |
Non-cash impairment and restructuring costs |
β |
β |
68 |
Μύ |
5 |
β |
β |
β |
73 |
β |
Share of (earnings) loss of affiliates, net |
β |
Μύ |
(140) |
Μύ |
(18) |
β |
β |
β |
(158) |
β |
Unrealized (gains) losses on intergroup interests, net |
β |
β |
31 |
β |
(5) |
β |
(26) |
β |
β |
β |
Realized and unrealized (gains) losses on financial instruments, net |
β |
Μύ |
(433) |
Μύ |
(12) |
β |
(100) |
β |
(545) |
β |
Losses (gains) on dilution of investment in affiliate |
β |
β |
(9) |
β |
β |
β |
β |
β |
(9) |
β |
Deferred income tax expense (benefit) |
β |
Μύ |
267 |
Μύ |
(6) |
β |
16 |
β |
277 |
β |
Intergroup tax allocation |
β |
β |
80 |
β |
15 |
β |
(95) |
β |
β |
β |
Intergroup tax (payments) receipts |
β |
β |
(66) |
β |
9 |
β |
57 |
β |
β |
β |
Other charges (credits), net |
β |
Μύ |
(11) |
Μύ |
(3) |
β |
(4) |
β |
(18) |
β |
Changes in operating assets and liabilities |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Current and other assets |
β |
Μύ |
41 |
Μύ |
(52) |
β |
(91) |
β |
(102) |
β |
Payables and other liabilities |
β |
Μύ |
(325) |
Μύ |
(8) |
β |
188 |
β |
(145) |
β |
Net cash provided (used) by operating activities |
β |
Μύ |
1,304 |
Μύ |
20 |
β |
416 |
β |
1,740 |
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 |
(35) |
β |
(41) |
β |
Cash proceeds from dispositions |
β |
β |
50 |
β |
48 |
β |
51 |
β |
149 |
β |
Cash (paid) received for acquisitions, net of cash acquired |
β |
β |
(136) |
β |
β |
β |
β |
β |
(136) |
β |
Capital expended for property and equipment, including internal-use software and website development |
β |
Μύ |
(279) |
Μύ |
(13) |
β |
(263) |
β |
(555) |
β |
Other investing activities, net |
β |
Μύ |
4 |
Μύ |
β |
β |
73 |
β |
77 |
β |
Net cash provided (used) by investing activities |
β |
Μύ |
(362) |
Μύ |
30 |
β |
(174) |
β |
(506) |
β |
Cash flows from financing activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Borrowings of debt |
β |
Μύ |
3,019 |
Μύ |
135 |
β |
468 |
β |
3,622 |
β |
Repayments of debt |
β |
Μύ |
(3,079) |
Μύ |
(235) |
β |
(634) |
β |
(3,948) |
β |
Intergroup (repayments) borrowings |
β |
β |
78 |
β |
(14) |
β |
(64) |
β |
β |
β |
Liberty stock repurchases |
β |
β |
(358) |
β |
β |
β |
(37) |
β |
(395) |
β |
Subsidiary shares repurchased by subsidiary |
β |
Μύ |
(599) |
Μύ |
β |
β |
β |
β |
(599) |
β |
Cash dividends paid by subsidiary |
β |
β |
(233) |
β |
β |
β |
β |
β |
(233) |
β |
Taxes paid in lieu of shares issued for stock-based compensation |
β |
Μύ |
(134) |
Μύ |
β |
β |
25 |
β |
(109) |
β |
Other financing activities, net |
β |
β |
30 |
β |
(6) |
β |
58 |
β |
82 |
β |
Net cash provided (used) by financing activities |
β |
Μύ |
(1,276) |
Μύ |
(120) |
β |
(184) |
β |
(1,580) |
β |
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash |
β |
β |
β |
β |
β |
β |
(13) |
β |
(13) |
β |
Net increase (decrease) in cash, cash equivalents and restricted cash |
β |
Μύ |
(334) |
Μύ |
(70) |
β |
45 |
β |
(359) |
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 |
$ |
272 |
Μύ |
174 |
β |
2,119 |
β |
2,565 |
β |
β
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 (loss) 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 |
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) |
β |
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 |
77 |
Μύ |
7 |
β |
3 |
β |
87 |
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 |
Cash proceeds from dispositions |
β |
β |
27 |
β |
2 |
β |
167 |
β |
196 |
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 |
(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 |
37 |
β |
51 |
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 |
|