Financial Information for Tracking Stock Groups (Tables)
|
6 Months Ended |
Jun. 30, 2023 |
|---|
| Condensed Balance Sheets |
BALANCE SHEET INFORMATION
June 30, 2023
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
$ |
311 |
β |
131 |
β |
1,489 |
β |
β |
β |
1,931 |
Μύ |
Trade and other receivables, net |
β |
Μύ |
660 |
β |
52 |
β |
110 |
β |
β |
β |
822 |
Μύ |
Other current assets |
β |
Μύ |
354 |
β |
72 |
β |
355 |
β |
β |
β |
781 |
Μύ |
Total current assets |
β |
Μύ |
1,325 |
β |
255 |
β |
1,954 |
β |
β |
β |
3,534 |
Μύ |
Intergroup interests (note 1) |
β |
β |
143 |
β |
β |
β |
269 |
β |
(412) |
β |
β |
β |
Investments in affiliates, accounted for using the equity method (noteΜύ1) |
β |
Μύ |
960 |
β |
99 |
β |
67 |
β |
β |
β |
1,126 |
Μύ |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Property and equipment, at cost |
β |
Μύ |
2,975 |
β |
1,037 |
β |
747 |
β |
β |
β |
4,759 |
Μύ |
Accumulated depreciation |
β |
Μύ |
(1,785) |
β |
(299) |
β |
(118) |
β |
β |
β |
(2,202) |
Μύ |
β |
β |
Μύ |
1,190 |
β |
738 |
β |
629 |
β |
β |
β |
2,557 |
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 |
1,032 |
β |
23 |
β |
3,004 |
β |
β |
β |
4,059 |
Μύ |
Other assets |
β |
Μύ |
524 |
β |
85 |
β |
1,254 |
β |
(4) |
β |
1,859 |
Μύ |
Total assets |
β |
$ |
30,225 |
β |
1,500 |
β |
11,133 |
β |
(416) |
β |
42,442 |
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 |
$ |
57 |
β |
(2) |
β |
(55) |
β |
β |
β |
β |
β |
Accounts payable and accrued liabilities |
β |
β |
1,374 |
Μύ |
65 |
β |
315 |
β |
β |
β |
1,754 |
β |
Current portion of debt |
β |
β |
753 |
β |
7 |
β |
27 |
β |
β |
β |
787 |
β |
Deferred revenue |
β |
Μύ |
1,287 |
Μύ |
142 |
β |
724 |
β |
β |
β |
2,153 |
β |
Other current liabilities |
β |
Μύ |
69 |
Μύ |
3 |
β |
27 |
β |
β |
β |
99 |
β |
Total current liabilities |
β |
Μύ |
3,540 |
Μύ |
215 |
β |
1,038 |
β |
β |
β |
4,793 |
β |
Long-term debt (note 1) |
β |
Μύ |
11,977 |
Μύ |
532 |
β |
2,923 |
β |
β |
β |
15,432 |
β |
Deferred income tax liabilities |
β |
Μύ |
2,011 |
Μύ |
51 |
β |
β |
β |
(4) |
β |
2,058 |
β |
Redeemable intergroup interests (note 1) |
β |
β |
β |
β |
341 |
β |
71 |
β |
(412) |
β |
β |
β |
Other liabilities |
β |
Μύ |
587 |
Μύ |
147 |
β |
146 |
β |
β |
β |
880 |
β |
Total liabilities |
β |
Μύ |
18,115 |
Μύ |
1,286 |
β |
4,178 |
β |
(416) |
β |
23,163 |
β |
Equity / Attributed net assets |
β |
Μύ |
9,150 |
Μύ |
203 |
β |
6,931 |
β |
β |
β |
16,284 |
β |
Noncontrolling interests in equity of subsidiaries |
β |
Μύ |
2,960 |
Μύ |
11 |
β |
24 |
β |
β |
β |
2,995 |
β |
Total liabilities and equity |
β |
$ |
30,225 |
Μύ |
1,500 |
β |
11,133 |
β |
(416) |
β |
42,442 |
β |
|
| Condensed Statement of Operations |
STATEMENT OF OPERATIONS INFORMATION
Three months ended June 30, 2023
(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 |
$ |
2,250 |
Μύ |
β |
β |
β |
β |
2,250 |
β |
Formula 1 revenue |
β |
β |
β |
β |
β |
β |
724 |
β |
724 |
β |
Other revenue |
β |
Μύ |
β |
Μύ |
270 |
β |
β |
β |
270 |
β |
Total revenue |
β |
Μύ |
2,250 |
Μύ |
270 |
β |
724 |
β |
3,244 |
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 |
732 |
Μύ |
β |
β |
β |
β |
732 |
β |
Programming and content |
β |
Μύ |
153 |
Μύ |
β |
β |
β |
β |
153 |
β |
Customer service and billing |
β |
Μύ |
124 |
Μύ |
β |
β |
β |
β |
124 |
β |
Other |
β |
Μύ |
54 |
Μύ |
β |
β |
β |
β |
54 |
β |
Cost of Formula 1 revenue (exclusive of depreciation shown separately below) |
β |
β |
β |
β |
β |
β |
519 |
β |
519 |
β |
Subscriber acquisition costs |
β |
Μύ |
93 |
Μύ |
β |
β |
β |
β |
93 |
β |
Other operating expenses |
β |
Μύ |
83 |
Μύ |
197 |
β |
β |
β |
280 |
β |
Selling, general and administrative |
β |
Μύ |
387 |
Μύ |
34 |
β |
69 |
β |
490 |
β |
Impairment, restructuring and acquisition costs, net of recoveries |
β |
β |
18 |
Μύ |
1 |
β |
β |
β |
19 |
β |
Depreciation and amortization |
β |
Μύ |
154 |
Μύ |
19 |
β |
84 |
β |
257 |
β |
β |
β |
Μύ |
1,798 |
Μύ |
251 |
β |
672 |
β |
2,721 |
β |
Operating income (loss) |
β |
Μύ |
452 |
Μύ |
19 |
β |
52 |
β |
523 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(137) |
Μύ |
(9) |
β |
(54) |
β |
(200) |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
79 |
Μύ |
12 |
β |
(1) |
β |
90 |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
(164) |
Μύ |
4 |
β |
64 |
β |
(96) |
β |
Unrealized gains (losses) on intergroup interests (note 1) |
β |
β |
10 |
β |
(50) |
β |
40 |
β |
β |
β |
Other, net |
β |
Μύ |
23 |
Μύ |
3 |
β |
24 |
β |
50 |
β |
β |
β |
Μύ |
(189) |
Μύ |
(40) |
β |
73 |
β |
(156) |
β |
Earnings (loss) before income taxes |
β |
Μύ |
263 |
Μύ |
(21) |
β |
125 |
β |
367 |
β |
Income tax (expense) benefit |
β |
Μύ |
(46) |
Μύ |
(8) |
β |
(10) |
β |
(64) |
β |
Net earnings (loss) |
β |
Μύ |
217 |
Μύ |
(29) |
β |
115 |
β |
303 |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
51 |
Μύ |
β |
β |
(1) |
β |
50 |
β |
Net earnings (loss) attributable to Liberty stockholders |
β |
$ |
166 |
Μύ |
(29) |
β |
116 |
β |
253 |
β |
β
STATEMENT OF OPERATIONS INFORMATION
Six months ended June 30, 2023
(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 |
$ |
4,394 |
Μύ |
β |
β |
β |
β |
4,394 |
β |
Formula 1 revenue |
β |
β |
β |
β |
β |
β |
1,105 |
β |
1,105 |
β |
Other revenue |
β |
Μύ |
β |
Μύ |
301 |
β |
β |
β |
301 |
β |
Total revenue |
β |
Μύ |
4,394 |
Μύ |
301 |
β |
1,105 |
β |
5,800 |
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 |
1,432 |
Μύ |
β |
β |
β |
β |
1,432 |
β |
Programming and content |
β |
Μύ |
303 |
Μύ |
β |
β |
β |
β |
303 |
β |
Customer service and billing |
β |
Μύ |
246 |
Μύ |
β |
β |
β |
β |
246 |
β |
Other |
β |
Μύ |
106 |
Μύ |
β |
β |
β |
β |
106 |
β |
Cost of Formula 1 revenue (exclusive of depreciation shown separately below) |
β |
β |
β |
β |
β |
β |
725 |
β |
725 |
β |
Subscriber acquisition costs |
β |
Μύ |
183 |
Μύ |
β |
β |
β |
β |
183 |
β |
Other operating expenses |
β |
Μύ |
162 |
Μύ |
236 |
β |
β |
β |
398 |
β |
Selling, general and administrative |
β |
Μύ |
772 |
Μύ |
60 |
β |
144 |
β |
976 |
β |
Impairment, restructuring and acquisition costs, net of recoveries |
β |
β |
50 |
Μύ |
1 |
β |
β |
β |
51 |
β |
Depreciation and amortization |
β |
Μύ |
315 |
Μύ |
34 |
β |
168 |
β |
517 |
β |
β |
β |
Μύ |
3,569 |
Μύ |
331 |
β |
1,037 |
β |
4,937 |
β |
Operating income (loss) |
β |
Μύ |
825 |
Μύ |
(30) |
β |
68 |
β |
863 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(273) |
Μύ |
(18) |
β |
(105) |
β |
(396) |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
72 |
Μύ |
11 |
β |
(3) |
β |
80 |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
(162) |
Μύ |
3 |
β |
17 |
β |
(142) |
β |
Unrealized gains (losses) on intergroup interest (note 1) |
β |
β |
64 |
β |
(63) |
β |
(1) |
β |
β |
β |
Other, net |
β |
Μύ |
26 |
Μύ |
4 |
β |
34 |
β |
64 |
β |
β |
β |
Μύ |
(273) |
Μύ |
(63) |
β |
(58) |
β |
(394) |
β |
Earnings (loss) before income taxes |
β |
Μύ |
552 |
Μύ |
(93) |
β |
10 |
β |
469 |
β |
Income tax (expense) benefit |
β |
Μύ |
(115) |
Μύ |
5 |
β |
(4) |
β |
(114) |
β |
Net earnings (loss) |
β |
Μύ |
437 |
Μύ |
(88) |
β |
6 |
β |
355 |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
88 |
Μύ |
β |
β |
(1) |
β |
87 |
β |
Net earnings (loss) attributable to Liberty stockholders |
β |
$ |
349 |
Μύ |
(88) |
β |
7 |
β |
268 |
β |
β
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 (exclusive of depreciation shown separately below) |
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 |
β |
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 |
β |
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
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 (exclusive of depreciation shown separately below) |
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 |
β |
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 interests (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 |
β |
β |
β |
(10) |
β |
(10) |
β |
Net earnings (loss) attributable to Liberty stockholders |
β |
$ |
735 |
Μύ |
51 |
β |
76 |
β |
862 |
β |
β
|
| Condensed Statement of Cash Flows |
STATEMENT OF CASH FLOWS INFORMATION
Six months ended June 30, 2023
(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 |
$ |
437 |
Μύ |
(88) |
β |
6 |
β |
355 |
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 |
315 |
Μύ |
34 |
β |
168 |
β |
517 |
β |
Stock-based compensation |
β |
Μύ |
94 |
Μύ |
6 |
β |
10 |
β |
110 |
β |
Non-cash impairment and restructuring costs |
β |
β |
21 |
Μύ |
β |
β |
β |
β |
21 |
β |
Share of (earnings) loss of affiliates, net |
β |
Μύ |
(72) |
Μύ |
(11) |
β |
3 |
β |
(80) |
β |
Unrealized (gains) losses on intergroup interests, net |
β |
β |
(64) |
β |
63 |
β |
1 |
β |
β |
β |
Realized and unrealized (gains) losses on financial instruments, net |
β |
Μύ |
162 |
Μύ |
(3) |
β |
(17) |
β |
142 |
β |
Deferred income tax expense (benefit) |
β |
Μύ |
(33) |
Μύ |
(3) |
β |
1 |
β |
(35) |
β |
Intergroup tax allocation |
β |
β |
86 |
β |
(2) |
β |
(84) |
β |
β |
β |
Intergroup tax (payments) receipts |
β |
β |
(33) |
β |
(3) |
β |
36 |
β |
β |
β |
Other charges (credits), net |
β |
Μύ |
(12) |
Μύ |
4 |
β |
β |
β |
(8) |
β |
Changes in operating assets and liabilities |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Current and other assets |
β |
Μύ |
1 |
Μύ |
(5) |
β |
(91) |
β |
(95) |
β |
Payables and other liabilities |
β |
Μύ |
(48) |
Μύ |
44 |
β |
275 |
β |
271 |
β |
Net cash provided (used) by operating activities |
β |
Μύ |
854 |
Μύ |
36 |
β |
308 |
β |
1,198 |
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 |
(41) |
Μύ |
β |
β |
(173) |
β |
(214) |
β |
Cash proceeds from dispositions |
β |
β |
(1) |
β |
β |
β |
68 |
β |
67 |
β |
Capital expended for property and equipment, including internal-use software and website development |
β |
Μύ |
(334) |
Μύ |
(30) |
β |
(180) |
β |
(544) |
β |
Other investing activities, net |
β |
Μύ |
(1) |
Μύ |
β |
β |
(19) |
β |
(20) |
β |
Net cash provided (used) by investing activities |
β |
Μύ |
(377) |
Μύ |
(30) |
β |
(304) |
β |
(711) |
β |
Cash flows from financing activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Borrowings of debt |
β |
Μύ |
2,048 |
Μύ |
16 |
β |
β |
β |
2,064 |
β |
Repayments of debt |
β |
Μύ |
(2,563) |
Μύ |
(19) |
β |
(59) |
β |
(2,641) |
β |
Intergroup (repayments) borrowings |
β |
β |
202 |
β |
β |
β |
(202) |
β |
β |
β |
Subsidiary shares repurchased by subsidiary |
β |
Μύ |
(199) |
Μύ |
β |
β |
β |
β |
(199) |
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 |
(19) |
Μύ |
(1) |
β |
(8) |
β |
(28) |
β |
Other financing activities, net |
β |
β |
36 |
β |
8 |
β |
19 |
β |
63 |
β |
Net cash provided (used) by financing activities |
β |
Μύ |
(528) |
Μύ |
4 |
β |
(250) |
β |
(774) |
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 |
(51) |
Μύ |
10 |
β |
(244) |
β |
(285) |
β |
Cash, cash equivalents and restricted cash at beginning of period |
β |
Μύ |
370 |
Μύ |
173 |
β |
1,733 |
β |
2,276 |
β |
Cash, cash equivalents and restricted cash at end of period |
β |
$ |
319 |
Μύ |
183 |
β |
1,489 |
β |
1,991 |
β |
β
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 |
|