°΅ΊΪ±¬ΑΟΝψ

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

Liberty

​

​

​

​

​

SiriusXM

​

Formula One

​

Live

​

Consolidated

​

​

ΜύΜύΜύΜύ

Group

​

Group

​

Group

​

Liberty

ΜύΜύΜύΜύ

​

​

amountsΜύinΜύmillions

​

Assets

​

​

​

​

​

​

​

​

​

​

Current assets:

​

​

​

​

​

​

​

​

​

​

Cash and cash equivalents

​

$

135

​

1,233

​

298

​

1,666

Μύ

Trade and other receivables, net

​

Μύ

614

​

175

​

β€”

​

789

Μύ

Other current assets

​

Μύ

402

​

338

​

β€”

​

740

Μύ

Total current assets

​

Μύ

1,151

​

1,746

​

298

​

3,195

Μύ

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

​

Μύ

1,642

​

38

​

316

​

1,996

Μύ

​

​

​

​

​

​

​

​

​

​

​

Property and equipment, at cost

​

Μύ

3,200

​

983

​

β€”

​

4,183

Μύ

Accumulated depreciation

​

Μύ

(1,905)

​

(149)

​

β€”

​

(2,054)

Μύ

​

​

Μύ

1,295

​

834

​

β€”

​

2,129

Μύ

​

​

​

​

​

​

​

​

​

​

​

Intangible assets not subject to amortization

​

​

​

​

​

​

​

​

​

​

Goodwill

​

Μύ

15,209

​

4,190

​

β€”

​

19,399

Μύ

FCC licenses

​

Μύ

8,600

​

β€”

​

β€”

​

8,600

Μύ

Other

​

Μύ

1,242

​

β€”

​

β€”

​

1,242

Μύ

​

​

Μύ

25,051

​

4,190

​

β€”

​

29,241

Μύ

Intangible assets subject to amortization, net

​

Μύ

991

​

2,898

​

β€”

​

3,889

Μύ

Other assets

​

Μύ

681

​

899

​

375

​

1,955

Μύ

Total assets

​

$

30,811

​

10,605

​

989

​

42,405

Μύ

​

​

​

​

​

​

​

​

​

​

​

Liabilities and Equity

​

​

​

​

​

​

​

​

​

​

Current liabilities:

​

​

​

​

​

​

​

​

​

​

Intergroup payable (receivable) (note 3)

​

$

87

​

(82)

​

(5)

​

β€”

​

Accounts payable and accrued liabilities

​

​

1,225

Μύ

396

​

β€”

​

1,621

​

Current portion of debt

​

​

1,075

​

36

​

74

​

1,185

​

Deferred revenue

​

Μύ

1,162

Μύ

664

​

β€”

​

1,826

​

Other current liabilities

​

Μύ

168

Μύ

47

​

19

​

234

​

Total current liabilities

​

Μύ

3,717

Μύ

1,061

​

88

​

4,866

​

Long-term debt (note 1)

​

Μύ

10,047

Μύ

2,866

​

1,344

​

14,257

​

Deferred income tax liabilities

​

Μύ

2,379

Μύ

8

​

(185)

​

2,202

​

Other liabilities

​

Μύ

1,254

Μύ

180

​

1

​

1,435

​

Total liabilities

​

Μύ

17,397

Μύ

4,115

​

1,248

​

22,760

​

Equity / Attributed net assets

​

Μύ

10,343

Μύ

6,490

​

(282)

​

16,551

​

Noncontrolling interests in equity of subsidiaries

​

Μύ

3,071

Μύ

β€”

​

23

​

3,094

​

Total liabilities and equity

​

$

30,811

Μύ

10,605

​

989

​

42,405

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

Liberty

​

​

​

​

​

SiriusXM

​

Formula One

​

Live

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

amountsΜύinΜύmillions

​

Cash flows from operating activities:

​

​

​

​

​

​

​

​

​

​

Net earnings (loss)

​

$

241

Μύ

77

​

(73)

​

245

​

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

​

​

​

​

​

​

​

​

​

​

Depreciation and amortization

​

Μύ

155

Μύ

86

​

β€”

​

241

​

Stock-based compensation

​

Μύ

48

Μύ

12

​

1

​

61

​

Non-cash impairment and restructuring costs

​

​

1

Μύ

β€”

​

β€”

​

1

​

Share of (earnings) loss of affiliates, net

​

Μύ

(5)

Μύ

3

​

21

​

19

​

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

​

Μύ

(18)

Μύ

(48)

​

69

​

3

​

Deferred income tax expense (benefit)

​

Μύ

(12)

Μύ

9

​

(18)

​

(21)

​

Intergroup tax allocation

​

​

29

Μύ

(27)

​

(2)

​

β€”

​

Other charges (credits), net

​

Μύ

24

Μύ

2

​

β€”

​

26

​

Changes in operating assets and liabilities

​

​

​

​

​

​

​

​

​

​

Current and other assets

​

Μύ

66

Μύ

(90)

​

(3)

​

(27)

​

Payables and other liabilities

​

Μύ

(265)

Μύ

116

​

(4)

​

(153)

​

Net cash provided (used) by operating activities

​

Μύ

264

Μύ

140

​

(9)

​

395

​

Cash flows from investing activities:

​

​

​

​

​

​

​

​

​

​

Investments in equity method affiliates and debt and equity securities

​

Μύ

(179)

Μύ

(1)

​

β€”

​

(180)

​

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

​

​

β€”

Μύ

(205)

​

β€”

​

(205)

​

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

​

Μύ

(174)

Μύ

(27)

​

β€”

​

(201)

​

Other investing activities, net

​

Μύ

(1)

Μύ

(63)

​

β€”

​

(64)

​

Net cash provided (used) by investing activities

​

Μύ

(354)

Μύ

(296)

​

β€”

​

(650)

​

Cash flows from financing activities:

​

​

​

​

​

​

​

​

​

​

Borrowings of debt

​

Μύ

230

Μύ

β€”

​

β€”

​

230

​

Repayments of debt

​

Μύ

(267)

Μύ

(10)

​

β€”

​

(277)

​

Cash dividends paid by subsidiary

​

​

(17)

​

β€”

​

β€”

​

(17)

​

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

​

Μύ

(17)

Μύ

(7)

​

β€”

​

(24)

​

Other financing activities, net

​

​

(2)

​

6

​

2

​

6

​

Net cash provided (used) by financing activities

​

Μύ

(73)

Μύ

(11)

​

2

​

(82)

​

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

​

Μύ

(163)

Μύ

(167)

​

(7)

​

(337)

​

Cash, cash equivalents and restricted cash at beginning of period

​

Μύ

315

Μύ

1,408

​

305

​

2,028

​

Cash, cash equivalents and restricted cash at end of period

​

$

152

Μύ

1,241

​

298

​

1,691

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

SiriusXM

​

Formula One

​

Braves

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

amountsΜύinΜύmillions

​

Cash flows from operating activities:

​

​

​

​

​

​

​

​

​

​

Net earnings (loss)

​

$

220

Μύ

(109)

​

(59)

​

52

​

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

​

​

​

​

​

​

​

​

​

​

Depreciation and amortization

​

Μύ

161

Μύ

84

​

15

​

260

​

Stock-based compensation

​

Μύ

48

Μύ

5

​

3

​

56

​

Non-cash impairment and restructuring costs

​

​

8

​

β€”

​

β€”

​

8

​

Share of (earnings) loss of affiliates, net

​

Μύ

7

Μύ

2

​

1

​

10

​

Unrealized (gains) losses on intergroup interests, net

​

​

(54)

​

41

​

13

​

β€”

​

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

​

Μύ

(2)

Μύ

47

​

1

​

46

​

Deferred income tax expense (benefit)

​

Μύ

7

Μύ

(5)

​

(8)

​

(6)

​

Intergroup tax allocation

​

​

31

​

(26)

​

(5)

​

β€”

​

Other charges (credits), net

​

Μύ

4

Μύ

(3)

​

1

​

2

​

Changes in operating assets and liabilities

​

​

​

​

​

​

​

​

​

​

Current and other assets

​

Μύ

46

Μύ

(8)

​

27

​

65

​

Payables and other liabilities

​

Μύ

(157)

Μύ

229

​

96

​

168

​

Net cash provided (used) by operating activities

​

Μύ

319

Μύ

257

​

85

​

661

​

Cash flows from investing activities:

​

​

​

​

​

​

​

​

​

​

Investments in equity method affiliates and debt and equity securities

​

Μύ

(39)

Μύ

(130)

​

β€”

​

(169)

​

Cash proceeds from dispositions

​

​

β€”

​

34

​

β€”

​

34

​

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

​

Μύ

(205)

Μύ

(62)

​

(14)

​

(281)

​

Other investing activities, net

​

Μύ

2

Μύ

(1)

​

β€”

​

1

​

Net cash provided (used) by investing activities

​

Μύ

(242)

Μύ

(159)

​

(14)

​

(415)

​

Cash flows from financing activities:

​

​

​

​

​

​

​

​

​

​

Borrowings of debt

​

Μύ

1,479

Μύ

β€”

​

β€”

​

1,479

​

Repayments of debt

​

Μύ

(1,633)

Μύ

(53)

​

(4)

​

(1,690)

​

Settlement of intergroup interests

​

​

202

​

(202)

​

β€”

​

β€”

​

Subsidiary shares repurchased by subsidiary

​

Μύ

(62)

Μύ

β€”

​

β€”

​

(62)

​

Cash dividends paid by subsidiary

​

​

(17)

​

β€”

​

β€”

​

(17)

​

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

​

Μύ

(15)

Μύ

(8)

​

(1)

​

(24)

​

Other financing activities, net

​

​

37

​

14

​

6

​

57

​

Net cash provided (used) by financing activities

​

Μύ

(9)

Μύ

(249)

​

1

​

(257)

​

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

​

​

β€”

​

2

​

β€”

​

2

​

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

​

Μύ

68

Μύ

(149)

​

72

​

(9)

​

Cash, cash equivalents and restricted cash at beginning of period

​

Μύ

370

Μύ

1,733

​

173

​

2,276

​

Cash, cash equivalents and restricted cash at end of period

​

$

438

Μύ

1,584

​

245

​

2,267

​