°΅ΊΪ±¬ΑΟΝψ

​

​

​

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

​

$

306

​

1,408

​

305

​

β€”

​

2,019

Μύ

Trade and other receivables, net

​

Μύ

709

​

123

​

β€”

​

β€”

​

832

Μύ

Other current assets

​

Μύ

346

​

180

​

β€”

​

β€”

​

526

Μύ

Total current assets

​

Μύ

1,361

​

1,711

​

305

​

β€”

​

3,377

Μύ

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

​

Μύ

715

​

41

​

333

​

β€”

​

1,089

Μύ

​

​

​

​

​

​

​

​

​

​

​

​

​

Property and equipment, at cost

​

Μύ

3,105

​

973

​

β€”

​

β€”

​

4,078

Μύ

Accumulated depreciation

​

Μύ

(1,860)

​

(135)

​

β€”

​

β€”

​

(1,995)

Μύ

​

​

Μύ

1,245

​

838

​

β€”

​

β€”

​

2,083

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

1,014

​

2,858

​

β€”

​

β€”

​

3,872

Μύ

Other assets

​

Μύ

515

​

863

​

524

​

(162)

​

1,740

Μύ

Total assets

​

$

29,901

​

10,267

​

1,162

​

(162)

​

41,168

Μύ

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities and Equity

​

​

​

​

​

​

​

​

​

​

​

​

Current liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

Intergroup payable (receivable) (note 4)

​

$

62

​

(63)

​

1

​

β€”

​

β€”

​

Accounts payable and accrued liabilities

​

​

1,474

​

535

Μύ

1

​

β€”

​

2,010

​

Current portion of debt (noteΜύ1)

​

Μύ

1,074

​

36

Μύ

70

​

β€”

​

1,180

​

Deferred revenue

​

Μύ

1,195

​

247

Μύ

β€”

​

β€”

​

1,442

​

Other current liabilities

​

Μύ

71

​

32

Μύ

8

​

β€”

​

111

​

Total current liabilities

​

Μύ

3,876

​

787

Μύ

80

​

β€”

​

4,743

​

Long-term debt (note 1)

​

Μύ

10,063

​

2,870

Μύ

1,247

​

β€”

​

14,180

​

Deferred income tax liabilities (note 3)

​

Μύ

2,245

​

3

Μύ

β€”

​

(162)

​

2,086

​

Other liabilities

​

Μύ

526

​

188

Μύ

β€”

​

β€”

​

714

​

Total liabilities

​

Μύ

16,710

​

3,848

Μύ

1,327

​

(162)

​

21,723

​

Equity / Attributed net assets

​

Μύ

10,165

​

6,419

Μύ

(188)

​

β€”

​

16,396

​

Noncontrolling interests in equity of subsidiaries

​

Μύ

3,026

​

β€”

Μύ

23

​

β€”

​

3,049

​

Total liabilities and equity

​

$

29,901

​

10,267

Μύ

1,162

​

(162)

​

41,168

​

​

​

​

Attributed (note 1)

​

​

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

​

​

SiriusXM

​

Formula One

​

Braves

​

Inter-Group

​

Consolidated

​

​

ΜύΜύΜύΜύ

Group

​

Group

​

Group

​

Eliminations

​

Liberty

ΜύΜύΜύΜύ

​

​

amountsΜύinΜύmillions

​

Assets

​

​

​

​

​

​

​

​

​

​

​

​

Current assets:

​

​

​

​

​

​

​

​

​

​

​

​

Cash and cash equivalents

​

$

362

​

1,733

​

151

​

β€”

​

2,246

Μύ

Trade and other receivables, net

​

Μύ

669

​

123

​

45

​

β€”

​

837

Μύ

Other current assets

​

Μύ

523

​

167

​

78

​

β€”

​

768

Μύ

Total current assets

​

Μύ

1,554

​

2,023

​

274

​

β€”

​

3,851

Μύ

Intergroup interests (note 1)

​

Μύ

282

​

219

​

β€”

​

(501)

​

β€”

Μύ

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

​

​

823

​

34

​

95

​

β€”

​

952

​

​

​

Μύ

​

​

​

​

​

​

​

​

​

Μύ

Property and equipment, at cost

​

Μύ

2,957

​

516

​

1,008

​

β€”

​

4,481

Μύ

Accumulated depreciation

​

Μύ

(1,840)

​

(108)

​

(278)

​

β€”

​

(2,226)

Μύ

​

​

​

1,117

​

408

​

730

​

β€”

​

2,255

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Intangible assets not subject to amortization

​

Μύ

​

​

​

​

​

​

​

​

​

Μύ

Goodwill

​

Μύ

15,209

​

3,956

​

176

​

β€”

​

19,341

Μύ

FCC licenses

​

Μύ

8,600

​

β€”

​

β€”

​

β€”

​

8,600

Μύ

Other

​

Μύ

1,242

​

β€”

​

124

​

β€”

​

1,366

Μύ

​

​

Μύ

25,051

​

3,956

​

300

​

β€”

​

29,307

Μύ

Intangible assets subject to amortization, net

​

Μύ

1,101

​

3,163

​

24

​

β€”

​

4,288

Μύ

Other assets

​

​

551

​

1,213

​

54

​

(7)

​

1,811

Μύ

Total assets

​

$

30,479

​

11,016

​

1,477

​

(508)

​

42,464

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities and Equity

​

​

​

​

​

​

​

​

​

​

​

​

Current liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

Intergroup payable (receivable) (note 4)

​

$

7

​

β€”

​

(7)

​

β€”

​

β€”

​

Accounts payable and accrued liabilities

​

Μύ

1,405

​

396

Μύ

55

​

β€”

​

1,856

​

Current portion of debt (noteΜύ1)

​

Μύ

1,543

​

61

Μύ

75

​

β€”

​

1,679

​

Deferred revenue

​

Μύ

1,321

​

347

Μύ

105

​

β€”

​

1,773

​

Other current liabilities

​

Μύ

68

​

29

Μύ

5

​

β€”

​

102

​

Total current liabilities

​

Μύ

4,344

​

833

Μύ

233

​

β€”

​

5,410

​

Long-term debt (note 1)

​

Μύ

11,600

​

2,886

Μύ

467

​

β€”

​

14,953

​

Deferred income tax liabilities (note 3)

​

Μύ

2,054

​

β€”

Μύ

54

​

(7)

​

2,101

​

Redeemable intergroup interests (note 1)

​

Μύ

β€”

​

223

​

278

​

(501)

​

β€”

​

Other liabilities

​

Μύ

584

​

139

Μύ

151

​

β€”

​

874

​

Total liabilities

​

Μύ

18,582

​

4,081

Μύ

1,183

​

(508)

​

23,338

​

Equity / Attributed net assets

​

​

8,759

​

6,910

Μύ

294

​

β€”

​

15,963

​

Noncontrolling interests in equity of subsidiaries

​

​

3,138

​

25

Μύ

β€”

​

β€”

​

3,163

​

Total liabilities and equity

​

$

30,479

​

11,016

Μύ

1,477

​

(508)

​

42,464

​

​

​

​

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)

​

$

1,031

​

184

​

(142)

Μύ

(111)

​

962

​

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

​

​

​

​

​

​

​

​

.

​

​

​

Depreciation and amortization

​

Μύ

624

​

369

​

β€”

Μύ

37

​

1,030

​

Stock-based compensation

​

Μύ

203

​

20

​

2

Μύ

7

​

232

​

Non-cash impairment and restructuring costs

​

​

26

​

β€”

​

β€”

​

β€”

​

26

​

Share of (earnings) loss of affiliates, net

​

Μύ

(108)

​

4

​

(22)

Μύ

(12)

​

(138)

​

Unrealized (gains) losses on intergroup interests, net

​

​

(68)

​

(15)

​

β€”

​

83

​

β€”

​

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

​

Μύ

215

​

(42)

​

153

Μύ

(3)

​

323

​

Noncash interest expense

​

​

14

​

6

​

(1)

​

1

​

20

​

Losses (gains) on dilution of investment in affiliate

​

​

6

​

β€”

​

(2)

​

β€”

​

4

​

Loss (gain) on early extinguishment of debt

​

​

(30)

​

(1)

​

35

​

β€”

​

4

​

Deferred income tax expense (benefit)

​

Μύ

36

​

18

​

(37)

Μύ

(3)

​

14

​

Intergroup tax allocation

​

​

177

​

(176)

​

β€”

​

(1)

​

β€”

​

Intergroup tax (payments) receipts

​

​

(121)

​

122

​

β€”

​

(1)

​

β€”

​

Other charges (credits), net

​

Μύ

2

​

(2)

​

1

Μύ

3

​

4

​

Changes in operating assets and liabilities

​

​

​

​

​

​

​

​

​

​

​

​

Current and other assets

​

Μύ

(45)

​

46

​

(5)

Μύ

(34)

​

(38)

​

Payables and other liabilities

​

Μύ

(136)

​

86

​

5

Μύ

66

​

21

​

Net cash provided (used) by operating activities

​

Μύ

1,826

​

619

​

(13)

Μύ

32

​

2,464

​

Cash flows from investing activities:

​

​

​

​

​

​

​

​

​

​

​

​

Cash proceeds from dispositions of investments

​

​

β€”

​

110

​

1

​

β€”

​

111

​

Investments in equity method affiliates and debt and equity securities

​

Μύ

(50)

​

(173)

​

(3)

Μύ

β€”

​

(226)

​

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

​

​

1

​

β€”

​

β€”

​

β€”

​

1

​

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

​

Μύ

(650)

​

(426)

​

β€”

Μύ

(35)

​

(1,111)

​

Other investing activities, net

​

Μύ

3

​

(21)

​

3

Μύ

β€”

​

(15)

​

Net cash provided (used) by investing activities

​

Μύ

(696)

​

(510)

​

1

Μύ

(35)

​

(1,240)

​

Cash flows from financing activities:

​

​

​

​

​

​

​

​

​

​

​

​

Borrowings of debt

​

Μύ

2,681

​

β€”

​

1,135

Μύ

30

​

3,846

​

Repayments of debt