°΅ΊΪ±¬ΑΟΝψ

​

​

​

Attributed (note 1)

​

​

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

​

​

SiriusXM

​

Braves

​

Formula One

​

Inter-Group

​

Consolidated

​

​

ΜύΜύΜύΜύ

Group

​

Group

​

Group

​

Eliminations

​

Liberty

ΜύΜύΜύΜύ

​

​

²Ή³Ύ΄Η³ά²Τ³Ω²υΜύΎ±²ΤΜύ³ΎΎ±±τ±τΎ±΄Η²Τ²υ

​

Assets

​

​

​

​

​

​

​

​

​

​

​

​

Current assets:

​

​

​

​

​

​

​

​

​

​

​

​

Cash and cash equivalents

​

$

362

​

151

​

1,733

​

β€”

​

2,246

Μύ

Trade and other receivables, net

​

Μύ

669

​

45

​

123

​

β€”

​

837

Μύ

Other current assets

​

Μύ

523

​

78

​

167

​

β€”

​

768

Μύ

Total current assets

​

Μύ

1,554

​

274

​

2,023

​

β€”

​

3,851

Μύ

Intergroup interests (note 1)

​

​

282

​

β€”

​

219

​

(501)

​

β€”

​

Investments in affiliates, accounted for using the equity method (note 1)

​

Μύ

823

​

95

​

34

​

β€”

​

952

Μύ

​

​

​

​

​

​

​

​

​

​

​

​

​

Property and equipment, at cost

​

Μύ

2,957

​

1,008

​

516

​

β€”

​

4,481

Μύ

Accumulated depreciation

​

Μύ

(1,840)

​

(278)

​

(108)

​

β€”

​

(2,226)

Μύ

​

​

Μύ

1,117

​

730

​

408

​

β€”

​

2,255

Μύ

​

​

​

​

​

​

​

​

​

​

​

​

​

Intangible assets not subject to amortization

​

​

​

​

​

​

​

​

​

​

​

​

Goodwill

​

Μύ

15,209

​

176

​

3,956

​

β€”

​

19,341

Μύ

FCC licenses

​

Μύ

8,600

​

β€”

​

β€”

​

β€”

​

8,600

Μύ

Other

​

Μύ

1,242

​

124

​

β€”

​

β€”

​

1,366

Μύ

​

​

Μύ

25,051

​

300

​

3,956

​

β€”

​

29,307

Μύ

Intangible assets subject to amortization, net

​

Μύ

1,101

​

24

​

3,163

​

β€”

​

4,288

Μύ

Other assets

​

Μύ

551

​

54

​

1,213

​

(7)

​

1,811

Μύ

Total assets

​

$

30,479

​

1,477

​

11,016

​

(508)

​

42,464

Μύ

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities and Equity

​

​

​

​

​

​

​

​

​

​

​

​

Current liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

Intergroup payable (receivable) (note 4)

​

$

7

​

(7)

​

β€”

​

β€”

​

β€”

​

Accounts payable and accrued liabilities

​

​

1,405

Μύ

55

​

396

​

β€”

​

1,856

​

Current portion of debt (noteΜύ1)

​

Μύ

1,543

Μύ

75

​

61

​

β€”

​

1,679

​

Deferred revenue

​

Μύ

1,321

Μύ

105

​

347

​

β€”

​

1,773

​

Other current liabilities

​

Μύ

68

Μύ

5

​

29

​

β€”

​

102

​

Total current liabilities

​

Μύ

4,344

Μύ

233

​

833

​

β€”

​

5,410

​

Long-term debt (note 1)

​

Μύ

11,600

Μύ

467

​

2,886

​

β€”

​

14,953

​

Deferred income tax liabilities (note 3)

​

Μύ

2,054

Μύ

54

​

β€”

​

(7)

​

2,101

​

Redeemable intergroup interests (note 1)

​

​

β€”

​

278

​

223

​

(501)

​

β€”

​

Other liabilities

​

Μύ

584

Μύ

151

​

139

​

β€”

​

874

​

Total liabilities

​

Μύ

18,582

Μύ

1,183

​

4,081

​

(508)

​

23,338

​

Equity / Attributed net assets

​

Μύ

8,759

Μύ

294

​

6,910

​

β€”

​

15,963

​

Noncontrolling interests in equity of subsidiaries

​

Μύ

3,138

Μύ

β€”

​

25

​

β€”

​

3,163

​

Total liabilities and equity

​

$

30,479

Μύ

1,477

​

11,016

​

(508)

​

42,464

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

​

​

SiriusXM

​

Braves

​

Formula One

​

Inter-Group

​

Consolidated

​

​

ΜύΜύΜύΜύ

Group

​

Group

​

Group

​

Eliminations

​

Liberty

ΜύΜύΜύΜύ

​

​

²Ή³Ύ΄Η³ά²Τ³Ω²υΜύΎ±²ΤΜύ³ΎΎ±±τ±τΎ±΄Η²Τ²υ

​

Assets

​

​

​

​

​

​

​

​

​

​

​

​

Current assets:

​

​

​

​

​

​

​

​

​

​

​

​

Cash and cash equivalents

​

$

598

​

142

​

2,074

​

β€”

​

2,814

Μύ

Trade and other receivables, net

​

Μύ

722

​

40

​

66

​

β€”

​

828

Μύ

Other current assets

​

Μύ

793

​

148

​

229

​

β€”

​

1,170

Μύ

Total current assets

​

Μύ

2,113

​

330

​

2,369

​

β€”

​

4,812

Μύ

Intergroup interests (note 1)

​

Μύ

379

​

β€”

​

191

​

(570)

​

β€”

Μύ

Investments in affiliates, accounted for using the equity method (noteΜύ1)

​

​

805

​

110

​

30

​

β€”

​

945

​

​

​

Μύ

​

​

​

​

​

​

​

​

​

Μύ

Property and equipment, at cost

​

Μύ

2,811

​

1,008

​

208

​

β€”

​

4,027

Μύ

Accumulated depreciation

​

Μύ

(1,697)

​

(231)

​

(89)

​

β€”

​

(2,017)

Μύ

​

​

​

1,114

​

777

​

119

​

β€”

​

2,010

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Intangible assets not subject to amortization

​

Μύ

​

​

​

​

​

​

​

​

​

Μύ

Goodwill

​

Μύ

15,111

​

180

​

3,957

​

β€”

​

19,248

Μύ

FCC licenses

​

Μύ

8,600

​

β€”

​

β€”

​

β€”

​

8,600

Μύ

Other

​

Μύ

1,242

​

143

​

β€”

​

β€”

​

1,385

Μύ

​

​

Μύ

24,953

​

323

​

3,957

​

β€”

​

29,233

Μύ

Intangible assets subject to amortization, net

​

Μύ

1,269

​

21

​

3,507

​

β€”

​

4,797

Μύ

Other assets

​

​

1,041

​

75

​

1,491

​

(53)

​

2,554

Μύ

Total assets

​

$

31,674

​

1,636

​

11,664

​

(623)

​

44,351

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities and Equity

​

​

​

​

​

​

​

​

​

​

​

​

Current liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

Intergroup payable (receivable) (note 4)

​

$

14

​

(31)

​

17

​

β€”

​

β€”

​

Accounts payable and accrued liabilities

​

Μύ

1,458

Μύ

66

​

308

​

β€”

​

1,832

​

Current portion of debt (noteΜύ1)

​

Μύ

2,184

Μύ

12

​

695

​

β€”

​

2,891

​

Deferred revenue

​

Μύ

1,454

Μύ

83

​

253

​

β€”

​

1,790

​

Other current liabilities

​

Μύ

68

Μύ

6

​

23

​

β€”

​

97

​

Total current liabilities

​

Μύ

5,178

Μύ

136

​

1,296

​

β€”

​

6,610

​

Long-term debt (note 1)

​

Μύ

12,078

Μύ

685

​

2,936

​

β€”

​

15,699

​

Deferred income tax liabilities (note 3)

​

Μύ

2,206

Μύ

65

​

β€”

​

(53)

​

2,218

​

Redeemable intergroup interests (note 1)

​

Μύ

β€”

​

257

​

313

​

(570)

​

β€”

​

Other liabilities

​

Μύ

611

Μύ

197

​

179

​

β€”

​

987

​

Total liabilities

​

Μύ

20,073

Μύ

1,340

​

4,724

​

(623)

​

25,514

​

Redeemable noncontrolling interests in equity of subsidiary

​

​

β€”

​

β€”

​

575

​

β€”

​

575

​

Equity / Attributed net assets

​

​

8,036

Μύ

296

​

6,340

​

β€”

​

14,672

​

Noncontrolling interests in equity of subsidiaries

​

​

3,565

Μύ

β€”

​

25

​

β€”

​

3,590

​

Total liabilities and equity

​

$

31,674

Μύ

1,636

​

11,664

​

(623)

​

44,351

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

SiriusXM

​

Braves

​

Formula One

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

²Ή³Ύ΄Η³ά²Τ³Ω²υΜύΎ±²ΤΜύ³ΎΎ±±τ±τΎ±΄Η²Τ²υ

​

Cash flows from operating activities:

​

​

​

​

​

​

​

​

​

​

Net earnings (loss)

​

$

1,502

Μύ

(35)

​

562

​

2,029

​

Adjustments to reconcile net earnings to net cash provided by operating activities:

​

​

​

​

.

​

​

​

​

​

Depreciation and amortization

​

Μύ

611

Μύ

71

​

362

​

1,044

​

Stock-based compensation

​

Μύ

209

Μύ

12

​

16

​

237

​

Non-cash impairment and restructuring costs

​

​

65

​

5

​

β€”

​

70

​

Share of (earnings) loss of affiliates, net

​

Μύ

(67)

Μύ

(32)

​

β€”

​

(99)

​

Unrealized (gains) losses on intergroup interests, net

​

​

19

​

35

​

(54)

​

β€”

​

Realized and unrealized (gains) losses on financial instruments, net

​

Μύ

(471)

Μύ

(13)

​

(115)

​

(599)

​

Noncash interest expense

​

​

19

​

2

​

5

​

26

​

Losses (gains) on dilution of investment in affiliate

​

​

(10)

​

β€”

​

β€”

​

(10)

​

Loss (gain) on early extinguishment of debt

​

​

(21)

​

β€”

​

(14)

​

(35)

​

Deferred income tax expense (benefit)

​

Μύ

329

Μύ

(10)

​

(306)

​

13

​

Intergroup tax allocation

​

​

91

​

18

​

(109)

​

β€”

​

Intergroup tax (payments) receipts

​

​

(80)

​

8

​

72

​

β€”

​

Other charges (credits), net

​

Μύ

10

Μύ

1

​

(1)

​

10

​

Changes in operating assets and liabilities

​

​

​

​

​

​

​

​

​

​

Current and other assets

​

Μύ

80

Μύ

(10)

​

(87)

​

(17)

​

Payables and other liabilities

​

Μύ

(327)

Μύ

1

​

203

​

(123)

​

Net cash provided (used) by operating activities

​

Μύ

1,959

Μύ

53

​

534

​

2,546

​

Cash flows from investing activities:

​

​

​

​

​

​

​

​

​

​

Subsidiary initial public offering proceeds returned from (invested in) trust account

​

​

β€”

​

β€”

​

579

​

579

​

Cash proceeds from dispositions of investments

​

​

66

​

48

​

53

​

167

​

Cash (paid) received for acquisitions, net of cash acquired

​

​

(136)

​

β€”

​

β€”

​

(136)

​

Investments in equity method affiliates and debt and equity securities

​

Μύ

(1)

Μύ

(5)

​

(52)

​

(58)

​

Return of investment in equity method affiliates

​

​

1

​

28

​

9

​

38

​

Repayment of loans and other cash receipts from equity method affiliates and debt and equity securities

​

​

2

​

β€”

​

β€”

​

2

​

Capital expended for property and equipment, including internal-use software and website development

​

Μύ

(426)

Μύ

(18)

​

(291)

​

(735)

​

Other investing activities, net

​

Μύ

1

Μύ

β€”

​

96

​

97

​

Net cash provided (used) by investing activities

​

Μύ

(493)

Μύ

53

​

394

​

(46)

​

Cash flows from financing activities:

​

​

​

​

​

​

​

​

​

​

Borrowings of debt

​

Μύ

3,150

Μύ

155

​

2,884

​

6,189

​

Repayments of debt

​

Μύ

(3,553)

Μύ

(309)

​

(3,564)

​

(7,426)

​

Repayment of initial public offering proceeds to subsidiary shareholders

​

​

β€”

​

β€”

​

(579)

​

(579)

​

Intergroup (repayments) borrowings

​

​

78

Μύ

(14)

​

(64)

​

β€”

​

Liberty stock repurchases

​

​

(358)

Μύ

β€”

​

(37)

​

(395)

​

Subsidiary shares repurchased by subsidiary

​

Μύ

(647)

Μύ

β€”

​

β€”

​

(647)

​

Cash dividends paid by subsidiary

​

​

(249)

Μύ

β€”

​

β€”

​

(249)

​

Taxes paid in lieu of shares issued for stock-based compensation

​

Μύ

(147)

Μύ

β€”

​

24

​

(123)

​

Other financing activities, net

​

​

24

​

(9)

​

67

​

82

​

Net cash provided (used) by financing activities

​

Μύ

(1,702)

Μύ

(177)

​

(1,269)