°΅ΊΪ±¬ΑΟΝψ

Quarterly report pursuant to Section 13 or 15(d)

Financial Information for Tracking Stock Groups (Tables)

v3.23.3
Financial Information for Tracking Stock Groups (Tables)
 9 Months Ended
Sep. 30, 2023
Financial Information for Tracking Stock Groups Μύ
Condensed Balance Sheets

BALANCE SHEET INFORMATION

September 30, 2023

(unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

​

Liberty

​

​

​

Liberty

​

​

​

​

​

​

​

SiriusXM

​

Formula One

​

Live

​

Inter-Group

​

Consolidated

​

​

ΜύΜύΜύΜύ

Group

​

Group

​

Group

​

Eliminations

​

Liberty

ΜύΜύΜύΜύ

​

​

amountsΜύinΜύmillions

​

Assets

​

​

​

​

​

​

​

​

​

​

​

​

Current assets:

​

​

​

​

​

​

​

​

​

​

​

​

Cash and cash equivalents

​

$

327

​

1,470

​

315

​

β€”

​

2,112

Μύ

Trade and other receivables, net

​

Μύ

659

​

149

​

β€”

​

β€”

​

808

Μύ

Other current assets

​

Μύ

357

​

348

​

β€”

​

β€”

​

705

Μύ

Total current assets

​

Μύ

1,343

​

1,967

​

315

​

β€”

​

3,625

Μύ

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

​

Μύ

705

​

43

​

397

​

β€”

​

1,145

Μύ

​

​

​

​

​

​

​

​

​

​

​

​

​

Property and equipment, at cost

​

Μύ

3,083

​

874

​

β€”

​

β€”

​

3,957

Μύ

Accumulated depreciation

​

Μύ

(1,829)

​

(123)

​

β€”

​

β€”

​

(1,952)

Μύ

​

​

Μύ

1,254

​

751

​

β€”

​

β€”

​

2,005

Μύ

​

​

​

​

​

​

​

​

​

​

​

​

​

Intangible assets not subject to amortization

​

​

​

​

​

​

​

​

​

​

​

​

Goodwill

​

Μύ

15,209

​

3,956

​

β€”

​

β€”

​

19,165

Μύ

FCC licenses

​

Μύ

8,600

​

β€”

​

β€”

​

β€”

​

8,600

Μύ

Other

​

Μύ

1,242

​

β€”

​

β€”

​

β€”

​

1,242

Μύ

​

​

Μύ

25,051

​

3,956

​

β€”

​

β€”

​

29,007

Μύ

Intangible assets subject to amortization, net

​

Μύ

1,017

​

2,924

​

β€”

​

β€”

​

3,941

Μύ

Other assets

​

Μύ

567

​

913

​

479

​

(167)

​

1,792

Μύ

Total assets

​

$

29,937

​

10,554

​

1,191

​

(167)

​

41,515

Μύ

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities and Equity

​

​

​

​

​

​

​

​

​

​

​

​

Current liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

Intergroup payable (receivable) (note 3)

​

$

51

​

(53)

​

2

​

β€”

​

β€”

​

Accounts payable and accrued liabilities

​

​

1,323

Μύ

390

​

2

​

β€”

​

1,715

​

Current portion of debt

​

​

730

​

32

​

65

​

β€”

​

827

​

Deferred revenue

​

Μύ

1,248

Μύ

776

​

β€”

​

β€”

​

2,024

​

Other current liabilities

​

Μύ

78

Μύ

32

​

β€”

​

β€”

​

110

​

Total current liabilities

​

Μύ

3,430

Μύ

1,177

​

69

​

β€”

​

4,676

​

Long-term debt (note 1)

​

Μύ

10,810

Μύ

2,865

​

1,161

​

β€”

​

14,836

​

Deferred income tax liabilities

​

Μύ

2,207

Μύ

β€”

​

β€”

​

(167)

​

2,040

​

Other liabilities

​

Μύ

575

Μύ

149

​

β€”

​

β€”

​

724

​

Total liabilities

​

Μύ

17,022

Μύ

4,191

​

1,230

​

(167)

​

22,276

​

Equity / Attributed net assets

​

Μύ

9,946

Μύ

6,363

​

(62)

​

β€”

​

16,247

​

Noncontrolling interests in equity of subsidiaries

​

Μύ

2,969

Μύ

β€”

​

23

​

β€”

​

2,992

​

Total liabilities and equity

​

$

29,937

Μύ

10,554

​

1,191

​

(167)

​

41,515

​
Condensed Statement of Operations

STATEMENT OF OPERATIONS INFORMATION

Three months ended September 30, 2023

(unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

Liberty

​

​

​

​

​

​

​

SiriusXM

​

Formula One

​

Live

​

Braves

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Group

​

Liberty

​

​

​

amounts in millions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

​

​

Sirius XM Holdings revenue

​

$

2,271

Μύ

β€”

​

β€”

​

β€”

​

2,271

​

Formula 1 revenue

​

​

β€”

​

887

​

β€”

​

β€”

​

887

​

Other revenue

​

Μύ

β€”

Μύ

β€”

​

β€”

​

49

​

49

​

Total revenue

​

Μύ

2,271

Μύ

887

​

β€”

​

49

​

3,207

​

Operating costs and expenses, including stock-based compensation (note 2):

​

​

​

​

​

​

​

​

​

​

​

​

Cost of Sirius XM Holdings services (exclusive of depreciation shown separately below):

​

​

​

​

​

​

​

​

​

​

​

​

Revenue share and royalties

​

Μύ

730

Μύ

β€”

​

β€”

​

β€”

​

730

​

Programming and content

​

Μύ

153

Μύ

β€”

​

β€”

​

β€”

​

153

​

Customer service and billing

​

Μύ

117

Μύ

β€”

​

β€”

​

β€”

​

117

​

Other

​

Μύ

57

Μύ

β€”

​

β€”

​

β€”

​

57

​

Cost of Formula 1 revenue (exclusive of depreciation shown separately below)

​

​

β€”

​

615

​

β€”

​

β€”

​

615

​

Subscriber acquisition costs

​

Μύ

87

Μύ

β€”

​

β€”

​

β€”

​

87

​

Other operating expenses

​

Μύ

72

Μύ

β€”

​

β€”

​

38

​

110

​

Selling, general and administrative

​

Μύ

376

Μύ

79

​

5

​

9

​

469

​

Impairment, restructuring and acquisition costs, net of recoveries

​

​

6

Μύ

β€”

​

β€”

​

β€”

​

6

​

Depreciation and amortization

​

Μύ

145

Μύ

86

​

β€”

​

3

​

234

​

​

​

Μύ

1,743

Μύ

780

​

5

​

50

​

2,578

​

Operating income (loss)

​

Μύ

528

Μύ

107

​

(5)

​

(1)

​

629

​

Other income (expense):

​

​

​

​

​

​

​

​

​

​

​

​

Interest expense

​

Μύ

(135)

Μύ

(56)

​

(2)

​

(3)

​

(196)

​

Share of earnings (losses) of affiliates, net

​

Μύ

45

Μύ

2

​

90

​

1

​

138

​

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

​

Μύ

17

Μύ

66

​

(72)

​

β€”

​

11

​

Unrealized gains (losses) on intergroup interests (note 1)

​

​

4

​

16

​

β€”

​

(20)

​

β€”

​

Other, net

​

Μύ

6

Μύ

14

​

(35)

​

1

​

(14)

​

​

​

Μύ

(63)

Μύ

42

​

(19)

​

(21)

​

(61)

​

Earnings (loss) before income taxes

​

Μύ

465

Μύ

149

​

(24)

​

(22)

​

568

​

Income tax (expense) benefit

​

Μύ

(100)

Μύ

(31)

​

5

​

1

​

(125)

​

Net earnings (loss)

​

Μύ

365

Μύ

118

​

(19)

​

(21)

​

443

​

Less net earnings (loss) attributable to the noncontrolling interests

​

Μύ

58

Μύ

β€”

​

β€”

​

β€”

​

58

​

Net earnings (loss) attributable to Liberty stockholders

​

$

307

Μύ

118

​

(19)

​

(21)

​

385

​

​

STATEMENT OF OPERATIONS INFORMATION

Nine months ended September 30, 2023

(unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

Liberty

​

​

​

​

​

​

​

SiriusXM

​

Formula One

​

Live

​

Braves

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Group

​

Liberty

​

​

​

amounts in millions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

​

​

Sirius XM Holdings revenue

​

$

6,665

​

β€”

​

β€”

Μύ

β€”

​

6,665

​

Formula 1 revenue

​

​

β€”

​

1,992

​

β€”

​

β€”

​

1,992

​

Other revenue

​

Μύ

β€”

​

β€”

​

β€”

Μύ

350

​

350

​

Total revenue

​

Μύ

6,665

​

1,992

​

β€”

Μύ

350

​

9,007

​

Operating costs and expenses, including stock-based compensation (note 2):

​

​

​

​

​

​

​

​

​

​

​

​

Cost of Sirius XM Holdings services (exclusive of depreciation shown separately below):

​

​

​

​

​

​

​

​

​

​

​

​

Revenue share and royalties

​

Μύ

2,162

​

β€”

​

β€”

Μύ

β€”

​

2,162

​

Programming and content

​

Μύ

456

​

β€”

​

β€”

Μύ

β€”

​

456

​

Customer service and billing

​

Μύ

363

​

β€”

​

β€”

Μύ

β€”

​

363

​

Other

​

Μύ

163

​

β€”

​

β€”

Μύ

β€”

​

163

​

Cost of Formula 1 revenue (exclusive of depreciation shown separately below)

​

​

β€”

​

1,340

​

β€”

​

β€”

​

1,340

​

Subscriber acquisition costs

​

Μύ

270

​

β€”

​

β€”

Μύ

β€”

​

270

​

Other operating expenses

​

Μύ

234

​

β€”

​

β€”

Μύ

274

​

508

​

Selling, general and administrative

​

Μύ

1,148

​

223

​

5

Μύ

69

​

1,445

​

Impairment, restructuring and acquisition costs, net of recoveries

​

​

56

​

β€”

​

β€”

Μύ

1

​

57

​

Depreciation and amortization

​

Μύ

460

​

254

​

β€”

Μύ

37

​

751

​

​

​

Μύ

5,312

​

1,817

​

5

Μύ

381

​

7,515

​

Operating income (loss)

​

Μύ

1,353

​

175

​

(5)

Μύ

(31)

​

1,492

​

Other income (expense):

​

​

​

​

​

​

​

​

​

​

​

​

Interest expense

​

Μύ

(408)

​

(161)

​

(2)

Μύ

(21)

​

(592)

​

Share of earnings (losses) of affiliates, net

​

Μύ

117

​

(1)

​

90

Μύ

12

​

218

​

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

​

Μύ

(145)

​

83

​

(72)

Μύ

3

​

(131)

​

Unrealized gains (losses) on intergroup interest (note 1)

​

​

68

​

15

​

β€”

​

(83)

​

β€”

​

Other, net

​

Μύ

32

​

48

​

(35)

Μύ

5

​

50

​

​

​

Μύ

(336)

​

(16)

​

(19)

Μύ

(84)

​

(455)

​

Earnings (loss) before income taxes

​

Μύ

1,017

​

159

​

(24)

Μύ

(115)

​

1,037

​

Income tax (expense) benefit

​

Μύ

(215)

​

(35)

​

5

Μύ

6

​

(239)

​

Net earnings (loss)

​

Μύ

802

​

124

​

(19)

Μύ

(109)

​

798

​

Less net earnings (loss) attributable to the noncontrolling interests

​

Μύ

146

​

(1)

​

β€”

Μύ

β€”

​

145

​

Net earnings (loss) attributable to Liberty stockholders

​

$

656

​

125

​

(19)

Μύ

(109)

​

653

​

​

STATEMENT OF OPERATIONS INFORMATION

Three months ended September 30, 2022

(unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

SiriusXM

​

Formula One

​

Braves

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

amounts in millions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

Sirius XM Holdings revenue

​

$

2,280

Μύ

β€”

​

β€”

​

2,280

​

Formula 1 revenue

​

​

β€”

​

715

​

β€”

​

715

​

Other revenue

​

Μύ

β€”

Μύ

β€”

​

252

​

252

​

Total revenue

​

Μύ

2,280

Μύ

715

​

252

​

3,247

​

Operating costs and expenses, including stock-based compensation (note 2):

​

​

​

​

​

​

​

​

​

​

Cost of Sirius XM Holdings services (exclusive of depreciation shown separately below):

​

​

​

​

​

​

​

​

​

​

Revenue share and royalties

​

Μύ

709

Μύ

β€”

​

β€”

​

709

​

Programming and content

​

Μύ

156

Μύ

β€”

​

β€”

​

156

​

Customer service and billing

​

Μύ

122

Μύ

β€”

​

β€”

​

122

​

Other

​

Μύ

54

Μύ

β€”

​

β€”

​

54

​

Cost of Formula 1 revenue (exclusive of depreciation shown separately below)

​

​

β€”

​

494

​

β€”

​

494

​

Subscriber acquisition costs

​

Μύ

86

Μύ

β€”

​

β€”

​

86

​

Other operating expenses

​

Μύ

69

Μύ

β€”

​

184

​

253

​

Selling, general and administrative

​

Μύ

424

Μύ

68

​

33

​

525

​

Impairment, restructuring and acquisition costs, net of recoveries

​

​

69

​

β€”

​

5

​

74

​

Depreciation and amortization

​

Μύ

157

Μύ

89

​

22

​

268

​

​

​

Μύ

1,846

Μύ

651

​

244

​

2,741

​

Operating income (loss)

​

Μύ

434

Μύ

64

​

8

​

506

​

Other income (expense):

​

​

​

​

​

​

​

​

​

​

Interest expense

​

Μύ

(130)

Μύ

(41)

​

(8)

​

(179)

​

Share of earnings (losses) of affiliates, net

​

Μύ

104

Μύ

1

​

6

​

111

​

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

​

Μύ

76

Μύ

24

​

6

​

106

​

Unrealized gains (losses) on intergroup interests (note 1)

​

​

(16)

​

47

​

(31)

​

β€”

​

Other, net

​

Μύ

13

Μύ

7

​

β€”

​

20

​

​

​

Μύ

47

Μύ

38

​

(27)

​

58

​

Earnings (loss) before income taxes

​

Μύ

481

Μύ

102

​

(19)

​

564

​

Income tax (expense) benefit

​

Μύ

(135)

Μύ

8

​

(3)

​

(130)

​

Net earnings (loss)

​

Μύ

346

Μύ

110

​

(22)

​

434

​

Less net earnings (loss) attributable to the noncontrolling interests

​

Μύ

41

Μύ

5

​

β€”

​

46

​

Less net earnings (loss) attributable to redeemable noncontrolling interest

​

​

β€”

​

(3)

​

β€”

​

(3)

​

Net earnings (loss) attributable to Liberty stockholders

​

$

305

Μύ

108

​

(22)

​

391

​

​

STATEMENT OF OPERATIONS INFORMATION

Nine months ended September 30, 2022

(unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

SiriusXM

​

Formula One

​

Braves

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

amounts in millions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

Sirius XM Holdings revenue

​

$

6,720

Μύ

β€”

​

β€”

​

6,720

​

Formula 1 revenue

​

​

β€”

​

1,819

​

β€”

​

1,819

​

Other revenue

​

Μύ

β€”

Μύ

β€”

​

535

​

535

​

Total revenue

​

Μύ

6,720

Μύ

1,819

​

535

​

9,074

​

Operating costs and expenses, including stock-based compensation (note 2):

​

​

​

​

​

​

​

​

​

​

Cost of Sirius XM Holdings services (exclusive of depreciation shown separately below):

​

​

​

​

​

​

​

​

​

​

Revenue share and royalties

​

Μύ

2,090

Μύ

β€”

​

β€”

​

2,090

​

Programming and content

​

Μύ

448

Μύ

β€”

​

β€”

​

448

​

Customer service and billing

​

Μύ

373

Μύ

β€”

​

β€”

​

373

​

Other

​

Μύ

166

Μύ

β€”

​

β€”

​

166

​

Cost of Formula 1 revenue (exclusive of depreciation shown separately below)

​

​

β€”

​

1,223

​

β€”

​

1,223

​

Subscriber acquisition costs

​

Μύ

267

Μύ

β€”

​

β€”

​

267

​

Other operating expenses

​

Μύ

208

Μύ

β€”

​

382

​

590

​

Selling, general and administrative

​

Μύ

1,247

Μύ

192

​

88

​

1,527

​

Impairment, restructuring and acquisition costs, net of recoveries

​

​

70

​

β€”

​

5

​

75

​

Depreciation and amortization

​

Μύ

461

Μύ

272

​

57

​

790

​

​

​

Μύ

5,330

Μύ

1,687

​

532

​

7,549

​

Operating income (loss)

​

Μύ

1,390

Μύ

132

​

3

​

1,525

​

Other income (expense):

​

​

​

​

​

​

​

​

​

​

Interest expense

​

Μύ

(377)

Μύ

(100)

​

(20)

​

(497)

​

Share of earnings (losses) of affiliates, net

​

Μύ

140

Μύ

β€”

​

18

​

158

​

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

​

Μύ

433

Μύ

100

​

12

​

545

​

Unrealized gains (losses) on intergroup interests (note 1)

​

​

(31)

​

26

​

5

​

β€”

​

Other, net

​

Μύ

37

Μύ

29

​

21

​

87

​

​

​

Μύ

202

Μύ

55

​

36

​

293

​

Earnings (loss) before income taxes

​

Μύ

1,592

Μύ

187

​

39

​

1,818

​

Income tax (expense) benefit

​

Μύ

(404)

Μύ

β€”

​

(10)

​

(414)

​

Net earnings (loss)

​

Μύ

1,188

Μύ

187

​

29

​

1,404

​

Less net earnings (loss) attributable to the noncontrolling interests

​

Μύ

148

Μύ

16

​

β€”

​

164

​

Less net earnings (loss) attributable to redeemable noncontrolling interest

​

​

β€”

​

(13)

​

β€”

​

(13)

​

Net earnings (loss) attributable to Liberty stockholders

​

$

1,040

Μύ

184

​

29

​

1,253

​

​
Condensed Statement of Cash Flows

STATEMENT OF CASH FLOWS INFORMATION

Nine months ended September 30, 2023

(unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

Liberty

​

​

​

​

​

​

​

SiriusXM

​

Formula One

​

Live

​

Braves

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Group

​

Liberty

​

​

​

amountsΜύinΜύmillions

​

Cash flows from operating activities:

​

​

​

​

​

​

​

​

​

​

​

​

Net earnings (loss)

​

$

802

Μύ

124

​

(19)

​

(109)

​

798

​

Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:

​

​

​

​

​

​

​

​

​

​

​

​

Depreciation and amortization

​

Μύ

460

Μύ

254

​

β€”

​

37

​

751

​

Stock-based compensation

​

Μύ

151

Μύ

14

​

1

​

7

​

173

​

Non-cash impairment and restructuring costs

​

​

21

Μύ

β€”

​

β€”

​

β€”

​

21

​

Share of (earnings) loss of affiliates, net

​

Μύ

(117)

Μύ

1

​

(90)

​

(12)

​

(218)

​

Unrealized (gains) losses on intergroup interests, net

​

​

(68)

​

(15)

​

β€”

​

83

​

β€”

​

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

​

Μύ

145

Μύ

(83)

​

72

​

(3)

​

131

​

Deferred income tax expense (benefit)

​

Μύ

(1)

Μύ

19

​

(4)

​

(5)

​

9

​

Intergroup tax allocation

​

​

136

​

(135)

​

(1)

​

β€”

​

β€”

​

Intergroup tax (payments) receipts

​

​

(90)

​

91

​

β€”

​

(1)

​

β€”

​

Other charges (credits), net

​

Μύ

(10)

Μύ

6

​

34

​

4

​

34

​

Changes in operating assets and liabilities

​

​

​

​

​

​

​

​

​

​

​

​

Current and other assets

​

Μύ

5

Μύ

(122)

​

(10)

​

(34)

​

(161)

​

Payables and other liabilities

​

Μύ

(136)

Μύ

400

​

14

​

65

​

343

​

Net cash provided (used) by operating activities

​

Μύ

1,298

Μύ

554

​

(3)

​

32

​

1,881

​

Cash flows from investing activities:

​

​

​

​

​

​

​

​

​

​

​

​

Investments in equity method affiliates and debt and equity securities

​

Μύ

(44)

Μύ

(173)

​

β€”

​

β€”

​

(217)

​

Cash proceeds from dispositions

​

​

β€”

​

110

​

1

​

β€”

​

111

​

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

​

Μύ

(520)

Μύ

(308)

​

β€”

​

(35)

​

(863)

​

Other investing activities, net

​

Μύ

(1)

Μύ

(20)

​

β€”

​

β€”

​

(21)

​

Net cash provided (used) by investing activities

​

Μύ

(565)

Μύ

(391)

​

1

​

(35)

​

(990)

​

Cash flows from financing activities:

​

​

​

​

​

​

​

​

​

​

​

​

Borrowings of debt

​

Μύ

2,601

Μύ

β€”

​

1,135

​

30

​

3,766

​

Repayments of debt

​

Μύ

(3,306)

Μύ

(64)

​

(918)

​

(20)

​

(4,308)

​

Intergroup (repayments) borrowings

​

​

273

​

(273)

​

β€”

​

β€”

​

β€”

​

Subsidiary shares repurchased by subsidiary

​

Μύ

(274)

Μύ

β€”

​

β€”

​

β€”

​

(274)

​

Cash dividends paid by subsidiary

​

​

(48)

​

β€”

​

β€”

​

β€”

​

(48)

​

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

​

Μύ

(52)

Μύ

(8)

​

β€”

​

(1)

​

(61)

​

Atlanta Braves Holdings, Inc. Split-Off

​

​

β€”

Μύ

β€”

​

β€”

​

(188)

​

(188)

​

Reclassification

​

​

β€”

Μύ

(100)

​

100

​

β€”

​

β€”

​

Other financing activities, net

​

​

38

​

19

​

β€”

​

9

​

66

​

Net cash provided (used) by financing activities

​

Μύ

(768)

Μύ

(426)

​

317

​

(170)

​

(1,047)

​

Net increase (decrease) in cash, cash equivalents and restricted cash

​

Μύ

(35)

Μύ

(263)

​

315

​

(173)

​

(156)

​

Cash, cash equivalents and restricted cash at beginning of period

​

Μύ

370

Μύ

1,733

​

NA

​

173

​

2,276

​

Cash, cash equivalents and restricted cash at end of period

​

$

335

Μύ

1,470

​

315

​

β€”

​

2,120

​

​

STATEMENT OF CASH FLOWS INFORMATION

Nine months ended September 30, 2022

(unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

SiriusXM

​

Formula One

​

Braves

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

amountsΜύinΜύmillions

​

Cash flows from operating activities:

​

​

​

​

​

​

​

​

​

​

Net earnings (loss)

​

$

1,188

Μύ

187

​

29

​

1,404

​

Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:

​

​

​

​

​

​

​

​

​

​

Depreciation and amortization

​

Μύ

461

Μύ

272

​

57

​

790

​

Stock-based compensation

​

Μύ

152

Μύ

12

​

9

​

173

​

Non-cash impairment and restructuring costs

​

​

68

​

β€”

​

5

​

73

​

Share of (earnings) loss of affiliates, net

​

Μύ

(140)

Μύ

β€”

​

(18)

​

(158)

​

Unrealized (gains) losses on intergroup interests, net

​

​

31

​

(26)

​

(5)

​

β€”

​

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

​

Μύ

(433)

Μύ

(100)

​

(12)

​

(545)

​

Deferred income tax expense (benefit)

​

Μύ

267

Μύ

16

​

(6)

​

277

​

Intergroup tax allocation

​

​

80

​

(95)

​

15

​

β€”

​

Intergroup tax (payments) receipts

​

​

(66)

​

57

​

9

​

β€”

​

Other charges (credits), net

​

Μύ

(20)

Μύ

(4)

​

(3)

​

(27)

​

Changes in operating assets and liabilities

​

​

​

​

​

​

​

​

​

​

Current and other assets

​

Μύ

41

Μύ

(91)

​

(52)

​

(102)

​

Payables and other liabilities

​

Μύ

(325)

Μύ

188

​

(8)

​

(145)

​

Net cash provided (used) by operating activities

​

Μύ

1,304

Μύ

416

​

20

​

1,740

​

Cash flows from investing activities:

​

​

​

​

​

​

​

​

​

​

Investments in equity method affiliates and debt and equity securities

​

Μύ

(1)

Μύ

(35)

​

(5)

​

(41)

​

Cash proceeds from dispositions

​

​

50

​

51

​

48

​

149

​

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

​

​

(136)

​

β€”

​

β€”

​

(136)

​

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

​

Μύ

(279)

Μύ

(263)

​

(13)

​

(555)

​

Other investing activities, net

​

Μύ

4

Μύ

73

​

β€”

​

77

​

Net cash provided (used) by investing activities

​

Μύ

(362)

Μύ

(174)

​

30

​

(506)

​

Cash flows from financing activities:

​

​

​

​

​

​

​

​

​

​

Borrowings of debt

​

Μύ

3,019

Μύ

468

​

135

​

3,622

​

Repayments of debt

​

Μύ

(3,079)

Μύ

(634)

​

(235)

​

(3,948)

​

Intergroup (repayments) borrowings

​

​

78

​

(64)

​

(14)

​

β€”

​

Liberty stock repurchases

​

​

(358)

​

(37)

​

β€”

​

(395)

​

Subsidiary shares repurchased by subsidiary

​

Μύ

(599)

Μύ

β€”

​

β€”

​

(599)

​

Cash dividends paid by subsidiary

​

​

(233)

​

β€”

​

β€”

​

(233)

​

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

​

Μύ

(134)

Μύ

25

​

β€”

​

(109)

​

Other financing activities, net

​

​

30

​

58

​

(6)

​

82

​

Net cash provided (used) by financing activities

​

Μύ

(1,276)

Μύ

(184)

​

(120)

​

(1,580)

​

Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash

​

​

β€”

​

(13)

​

β€”

​

(13)

​

Net increase (decrease) in cash, cash equivalents and restricted cash

​

Μύ

(334)

Μύ

45

​

(70)

​

(359)

​

Cash, cash equivalents and restricted cash at beginning of period

​

Μύ

606

Μύ

2,074

​

244

​

2,924

​

Cash, cash equivalents and restricted cash at end of period

​

$

272

Μύ

2,119

​

174

​

2,565

​

​