°΅ΊΪ±¬ΑΟΝψ

Quarterly report pursuant to Section 13 or 15(d)

Financial Information for Tracking Stock Groups (Tables)

v3.24.2.u1
Financial Information for Tracking Stock Groups (Tables)
 6 Months Ended
Jun. 30, 2024
Financial Information for Tracking Stock Groups Μύ
Condensed Balance Sheets

BALANCE SHEET INFORMATION

June 30, 2024

(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

​

$

188

​

1,491

​

406

​

β€”

​

2,085

Μύ

Trade and other receivables, net

​

Μύ

644

​

182

​

β€”

​

β€”

​

826

Μύ

Other current assets

​

Μύ

365

​

363

​

β€”

​

β€”

​

728

Μύ

Total current assets

​

Μύ

1,197

​

2,036

​

406

​

β€”

​

3,639

Μύ

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

​

Μύ

1,601

​

37

​

345

​

β€”

​

1,983

Μύ

​

​

​

​

​

​

​

​

​

​

​

​

​

Property and equipment, at cost

​

Μύ

3,299

​

991

​

β€”

​

β€”

​

4,290

Μύ

Accumulated depreciation

​

Μύ

(2,001)

​

(166)

​

β€”

​

β€”

​

(2,167)

Μύ

​

​

Μύ

1,298

​

825

​

β€”

​

β€”

​

2,123

Μύ

​

​

​

​

​

​

​

​

​

​

​

​

​

Intangible assets not subject to amortization

​

​

​

​

​

​

​

​

​

​

​

​

Goodwill

​

Μύ

15,209

​

4,191

​

β€”

​

β€”

​

19,400

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

​

4,191

​

β€”

​

β€”

​

29,242

Μύ

Intangible assets subject to amortization, net

​

Μύ

1,001

​

2,827

​

β€”

​

β€”

​

3,828

Μύ

Other assets

​

Μύ

673

​

894

​

249

​

1

​

1,817

Μύ

Total assets

​

$

30,821

​

10,810

​

1,000

​

1

​

42,632

Μύ

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities and Equity

​

​

​

​

​

​

​

​

​

​

​

​

Current liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

Intergroup payable (receivable) (note 3)

​

$

38

​

(44)

​

6

​

β€”

​

β€”

​

Accounts payable and accrued liabilities

​

​

1,296

Μύ

472

​

β€”

​

β€”

​

1,768

​

Current portion of debt

​

​

581

​

37

​

67

​

β€”

​

685

​

Deferred revenue

​

Μύ

1,128

Μύ

712

​

β€”

​

β€”

​

1,840

​

Other current liabilities

​

Μύ

142

Μύ

37

​

β€”

​

β€”

​

179

​

Total current liabilities

​

Μύ

3,185

Μύ

1,214

​

73

​

β€”

​

4,472

​

Long-term debt (note 1)

​

Μύ

10,232

Μύ

2,875

​

1,236

​

β€”

​

14,343

​

Deferred income tax liabilities

​

Μύ

2,371

Μύ

β€”

​

(162)

​

1

​

2,210

​

Other liabilities

​

Μύ

1,227

Μύ

173

​

β€”

​

β€”

​

1,400

​

Total liabilities

​

Μύ

17,015

Μύ

4,262

​

1,147

​

1

​

22,425

​

Equity / Attributed net assets

​

Μύ

10,682

Μύ

6,548

​

(170)

​

β€”

​

17,060

​

Noncontrolling interests in equity of subsidiaries

​

Μύ

3,124

Μύ

β€”

​

23

​

β€”

​

3,147

​

Total liabilities and equity

​

$

30,821

Μύ

10,810

​

1,000

​

1

​

42,632

​
Condensed Statement of Operations

STATEMENT OF OPERATIONS INFORMATION

Three months ended June 30, 2024

(unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

Liberty

​

​

​

​

​

SiriusXM

​

Formula One

​

Live

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

amounts in millions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

Sirius XM Holdings revenue

​

$

2,178

Μύ

β€”

​

β€”

​

2,178

​

Formula 1 revenue

​

​

β€”

​

853

​

β€”

​

853

​

Other revenue

​

Μύ

β€”

Μύ

135

​

β€”

​

135

​

Total revenue

​

Μύ

2,178

Μύ

988

​

β€”

​

3,166

​

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

708

Μύ

β€”

​

β€”

​

708

​

Programming and content

​

Μύ

148

Μύ

β€”

​

β€”

​

148

​

Customer service and billing

​

Μύ

108

Μύ

β€”

​

β€”

​

108

​

Other

​

Μύ

59

Μύ

β€”

​

β€”

​

59

​

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

​

​

β€”

​

639

​

β€”

​

639

​

Other cost of sales

​

​

β€”

​

94

​

β€”

​

94

​

Subscriber acquisition costs

​

Μύ

92

Μύ

β€”

​

β€”

​

92

​

Other operating expenses

​

Μύ

71

Μύ

5

​

β€”

​

76

​

Selling, general and administrative

​

Μύ

361

Μύ

91

​

2

​

454

​

Impairment, restructuring and acquisition costs

​

​

4

Μύ

11

​

β€”

​

15

​

Depreciation and amortization

​

Μύ

156

Μύ

89

​

β€”

​

245

​

​

​

Μύ

1,707

Μύ

929

​

2

​

2,638

​

Operating income (loss)

​

Μύ

471

Μύ

59

​

(2)

​

528

​

Other income (expense):

​

​

​

​

​

​

​

​

​

​

Interest expense

​

Μύ

(126)

Μύ

(53)

​

(7)

​

(186)

​

Share of earnings (losses) of affiliates, net

​

Μύ

1

Μύ

(2)

​

85

​

84

​

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

​

Μύ

82

Μύ

(1)

​

88

​

169

​

Other, net

​

Μύ

2

Μύ

20

​

6

​

28

​

​

​

Μύ

(41)

Μύ

(36)

​

172

​

95

​

Earnings (loss) before income taxes

​

Μύ

430

Μύ

23

​

170

​

623

​

Income tax (expense) benefit

​

Μύ

(81)

Μύ

1

​

(36)

​

(116)

​

Net earnings (loss)

​

Μύ

349

Μύ

24

​

134

​

507

​

Less net earnings (loss) attributable to the noncontrolling interests

​

Μύ

50

Μύ

β€”

​

β€”

​

50

​

Net earnings (loss) attributable to Liberty stockholders

​

$

299

Μύ

24

​

134

​

457

​

​

STATEMENT OF OPERATIONS INFORMATION

Six months ended June 30, 2024

(unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

Liberty

​

​

​

Liberty

​

​

​

​

​

SiriusXM

​

Formula One

​

Live

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

amounts in millions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

Sirius XM Holdings revenue

​

$

4,340

​

β€”

​

β€”

Μύ

4,340

​

Formula 1 revenue

​

​

β€”

​

1,403

​

β€”

​

1,403

​

Other revenue

​

Μύ

β€”

​

172

​

β€”

Μύ

172

​

Total revenue

​

Μύ

4,340

​

1,575

​

β€”

Μύ

5,915

​

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

1,411

​

β€”

​

β€”

Μύ

1,411

​

Programming and content

​

Μύ

305

​

β€”

​

β€”

Μύ

305

​

Customer service and billing

​

Μύ

224

​

β€”

​

β€”

Μύ

224

​

Other

​

Μύ

120

​

β€”

​

β€”

Μύ

120

​

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

​

​

β€”

​

918

​

β€”

​

918

​

Other cost of sales

​

​

β€”

​

120

​

β€”

​

120

​

Subscriber acquisition costs

​

Μύ

182

​

β€”

​

β€”

Μύ

182

​

Other operating expenses

​

Μύ

157

​

6

​

β€”

Μύ

163

​

Selling, general and administrative

​

Μύ

733

​

182

​

4

Μύ

919

​

Impairment, restructuring and acquisition costs

​

​

17

​

20

​

β€”

Μύ

37

​

Depreciation and amortization

​

Μύ

311

​

175

​

β€”

Μύ

486

​

​

​

Μύ

3,460

​

1,421

​

4

Μύ

4,885

​

Operating income (loss)

​

Μύ

880

​

154

​

(4)

Μύ

1,030

​

Other income (expense):

​

​

​

​

​

​

​

​

​

​

Interest expense

​

Μύ

(255)

​

(108)

​

(14)

Μύ

(377)

​

Share of earnings (losses) of affiliates, net

​

Μύ

6

​

(5)

​

64

Μύ

65

​

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

​

Μύ

100

​

47

​

19

Μύ

166

​

Other, net

​

Μύ

8

​

35

​

12

Μύ

55

​

​

​

Μύ

(141)

​

(31)

​

81

Μύ

(91)

​

Earnings (loss) before income taxes

​

Μύ

739

​

123

​

77

Μύ

939

​

Income tax (expense) benefit

​

Μύ

(149)

​

(22)

​

(16)

Μύ

(187)

​

Net earnings (loss)

​

Μύ

590

​

101

​

61

Μύ

752

​

Less net earnings (loss) attributable to the noncontrolling interests

​

Μύ

92

​

β€”

​

β€”

Μύ

92

​

Net earnings (loss) attributable to Liberty stockholders

​

$

498

​

101

​

61

Μύ

660

​

​

STATEMENT OF OPERATIONS INFORMATION

Three months ended June 30, 2023

(unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

SiriusXM

​

Formula One

​

Braves

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

amounts in millions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

Sirius XM Holdings revenue

​

$

2,250

Μύ

β€”

​

β€”

​

2,250

​

Formula 1 revenue

​

​

β€”

​

724

​

β€”

​

724

​

Other revenue

​

Μύ

β€”

Μύ

β€”

​

270

​

270

​

Total revenue

​

Μύ

2,250

Μύ

724

​

270

​

3,244

​

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

732

Μύ

β€”

​

β€”

​

732

​

Programming and content

​

Μύ

153

Μύ

β€”

​

β€”

​

153

​

Customer service and billing

​

Μύ

124

Μύ

β€”

​

β€”

​

124

​

Other

​

Μύ

54

Μύ

β€”

​

β€”

​

54

​

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

​

​

β€”

​

519

​

β€”

​

519

​

Subscriber acquisition costs

​

Μύ

93

Μύ

β€”

​

β€”

​

93

​

Other operating expenses

​

Μύ

83

Μύ

β€”

​

197

​

280

​

Selling, general and administrative

​

Μύ

387

Μύ

69

​

34

​

490

​

Impairment, restructuring and acquisition costs

​

​

18

​

β€”

​

1

​

19

​

Depreciation and amortization

​

Μύ

154

Μύ

84

​

19

​

257

​

​

​

Μύ

1,798

Μύ

672

​

251

​

2,721

​

Operating income (loss)

​

Μύ

452

Μύ

52

​

19

​

523

​

Other income (expense):

​

​

​

​

​

​

​

​

​

​

Interest expense

​

Μύ

(137)

Μύ

(54)

​

(9)

​

(200)

​

Share of earnings (losses) of affiliates, net

​

Μύ

79

Μύ

(1)

​

12

​

90

​

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

​

Μύ

(164)

Μύ

64

​

4

​

(96)

​

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

​

​

10

​

40

​

(50)

​

β€”

​

Other, net

​

Μύ

23

Μύ

24

​

3

​

50

​

​

​

Μύ

(189)

Μύ

73

​

(40)

​

(156)

​

Earnings (loss) before income taxes

​

Μύ

263

Μύ

125

​

(21)

​

367

​

Income tax (expense) benefit

​

Μύ

(46)

Μύ

(10)

​

(8)

​

(64)

​

Net earnings (loss)

​

Μύ

217

Μύ

115

​

(29)

​

303

​

Less net earnings (loss) attributable to the noncontrolling interests

​

Μύ

51

Μύ

(1)

​

β€”

​

50

​

Net earnings (loss) attributable to Liberty stockholders

​

$

166

Μύ

116

​

(29)

​

253

​

​

​

STATEMENT OF OPERATIONS INFORMATION

Six months ended June 30, 2023

(unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

SiriusXM

​

Formula One

​

Braves

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

amounts in millions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

Sirius XM Holdings revenue

​

$

4,394

Μύ

β€”

​

β€”

​

4,394

​

Formula 1 revenue

​

​

β€”

​

1,105

​

β€”

​

1,105

​

Other revenue

​

Μύ

β€”

Μύ

β€”

​

301

​

301

​

Total revenue

​

Μύ

4,394

Μύ

1,105

​

301

​

5,800

​

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

1,432

Μύ

β€”

​

β€”

​

1,432

​

Programming and content

​

Μύ

303

Μύ

β€”

​

β€”

​

303

​

Customer service and billing

​

Μύ

246

Μύ

β€”

​

β€”

​

246

​

Other

​

Μύ

106

Μύ

β€”

​

β€”

​

106

​

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

​

​

β€”

​

725

​

β€”

​

725

​

Subscriber acquisition costs

​

Μύ

183

Μύ

β€”

​

β€”

​

183

​

Other operating expenses

​

Μύ

162

Μύ

β€”

​

236

​

398

​

Selling, general and administrative

​

Μύ

772

Μύ

144

​

60

​

976

​

Impairment, restructuring and acquisition costs

​

​

50

​

β€”

​

1

​

51

​

Depreciation and amortization

​

Μύ

315

Μύ

168

​

34

​

517

​

​

​

Μύ

3,569

Μύ

1,037

​

331

​

4,937

​

Operating income (loss)

​

Μύ

825

Μύ

68

​

(30)

​

863

​

Other income (expense):

​

​

​

​

​

​

​

​

​

​

Interest expense

​

Μύ

(273)

Μύ

(105)

​

(18)

​

(396)

​

Share of earnings (losses) of affiliates, net

​

Μύ

72

Μύ

(3)

​

11

​

80

​

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

​

Μύ

(162)

Μύ

17

​

3

​

(142)

​

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

​

​

64

​

(1)

​

(63)

​

β€”

​

Other, net

​

Μύ

26

Μύ

34

​

4

​

64

​

​

​

Μύ

(273)

Μύ

(58)

​

(63)

​

(394)

​

Earnings (loss) before income taxes

​

Μύ

552

Μύ

10

​

(93)

​

469

​

Income tax (expense) benefit

​

Μύ

(115)

Μύ

(4)

​

5

​

(114)

​

Net earnings (loss)

​

Μύ

437

Μύ

6

​

(88)

​

355

​

Less net earnings (loss) attributable to the noncontrolling interests

​

Μύ

88

Μύ

(1)

​

β€”

​

87

​

Net earnings (loss) attributable to Liberty stockholders

​

$

349

Μύ

7

​

(88)

​

268

​

​
Condensed Statement of Cash Flows

STATEMENT OF CASH FLOWS INFORMATION

Six months ended June 30, 2024

(unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

Liberty

​

​

​

​

​

SiriusXM

​

Formula One

​

Live

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

amountsΜύinΜύmillions

​

Cash flows from operating activities:

​

​

​

​

​

​

​

​

​

​

Net earnings (loss)

​

$

590

Μύ

101

​

61

​

752

​

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

​

​

​

​

​

​

​

​

​

​

Depreciation and amortization

​

Μύ

311

Μύ

175

​

β€”

​

486

​

Stock-based compensation

​

Μύ

96

Μύ

18

​

2

​

116

​

Non-cash impairment and restructuring costs

​

​

1

Μύ

β€”

​

β€”

​

1

​

Share of (earnings) loss of affiliates, net

​

Μύ

(6)

Μύ

5

​

(64)

​

(65)

​

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

​

Μύ

(100)

Μύ

(47)

​

(19)

​

(166)

​

Deferred income tax expense (benefit)

​

Μύ

(19)

Μύ

2

​

13

​

(4)

​

Intergroup tax allocation

​

​

59

Μύ

(62)

​

3

​

β€”

​

Intergroup tax (payments) receipts

​

​

(83)

Μύ

80

​

3

​

β€”

​

Other charges (credits), net

​

Μύ

73

Μύ

5

​

(4)

​

74

​

Changes in operating assets and liabilities

​

​

​

​

​

​

​

​

​

​

Current and other assets

​

Μύ

74

Μύ

(79)

​

2

​

(3)

​

Payables and other liabilities

​

Μύ

(243)

Μύ

203

​

(4)

​

(44)

​

Net cash provided (used) by operating activities

​

Μύ

753

Μύ

401

​

(7)

​

1,147

​

Cash flows from investing activities:

​

​

​

​

​

​

​

​

​

​

Investments in equity method affiliates and debt and equity securities

​

Μύ

(202)

Μύ

(1)

​

β€”

​

(203)

​

Cash proceeds from dispositions

​

​

β€”

Μύ

β€”

​

107

​

107

​

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

(347)

Μύ

(40)

​

β€”

​

(387)

​

Other investing activities, net

​

Μύ

(1)

Μύ

(62)

​

1

​

(62)

​

Net cash provided (used) by investing activities

​

Μύ

(550)

Μύ

(308)

​

108

​

(750)

​

Cash flows from financing activities:

​

​

​

​

​

​

​

​

​

​

Borrowings of debt

​

Μύ

1,352

Μύ

10

​

β€”

​

1,362

​

Repayments of debt

​

Μύ

(1,605)

Μύ

(31)

​

β€”

​

(1,636)

​

Cash dividends paid by subsidiary

​

​

(34)

​

β€”

​

β€”

​

(34)

​

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

​

Μύ

(23)

Μύ

(7)

​

(1)

​

(31)

​

Other financing activities, net

​

​

(4)

​

34

​

1

​

31

​

Net cash provided (used) by financing activities

​

Μύ

(314)

Μύ

6

​

β€”

​

(308)

​

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

​

​

β€”

​

(8)

​

β€”

​

(8)

​

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

​

Μύ

(111)

Μύ

91

​

101

​

81

​

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

​

$

204

Μύ

1,499

​

406

​

2,109

​

​

STATEMENT OF CASH FLOWS INFORMATION

Six months ended June 30, 2023

(unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

SiriusXM

​

Formula One

​

Braves

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

amountsΜύinΜύmillions

​

Cash flows from operating activities:

​

​

​

​

​

​

​

​

​

​

Net earnings (loss)

​

$

437

Μύ

6

​

(88)

​

355

​

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

​

​

​

​

​

​

​

​

​

​

Depreciation and amortization

​

Μύ

315

Μύ

168

​

34

​

517

​

Stock-based compensation

​

Μύ

94

Μύ

10

​

6

​

110

​

Non-cash impairment and restructuring costs

​

​

21

​

β€”

​

β€”

​

21

​

Share of (earnings) loss of affiliates, net

​

Μύ

(72)

Μύ

3

​

(11)

​

(80)

​

Unrealized (gains) losses on intergroup interests, net

​

​

(64)

​

1

​

63

​

β€”

​

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

​

Μύ

162

Μύ

(17)

​

(3)

​

142

​

Deferred income tax expense (benefit)

​

Μύ

(33)

Μύ

1

​

(3)

​

(35)

​

Intergroup tax allocation

​

​

86

​

(84)

​

(2)

​

β€”

​

Intergroup tax (payments) receipts

​

​

(33)

​

36

​

(3)

​

β€”

​

Other charges (credits), net

​

Μύ

(12)

Μύ

β€”

​

4

​

(8)

​

Changes in operating assets and liabilities

​

​

​

​

​

​

​

​

​

​

Current and other assets

​

Μύ

1

Μύ

(91)

​

(5)

​

(95)

​

Payables and other liabilities

​

Μύ

(48)

Μύ

275

​

44

​

271

​

Net cash provided (used) by operating activities

​

Μύ

854

Μύ

308

​

36

​

1,198

​

Cash flows from investing activities:

​

​

​

​

​

​

​

​

​

​

Investments in equity method affiliates and debt and equity securities

​

Μύ

(41)

Μύ

(173)

​

β€”

​

(214)

​

Cash proceeds from dispositions

​

​

(1)

​

68

​

β€”

​

67

​

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

​

Μύ

(334)

Μύ

(180)

​

(30)

​

(544)

​

Other investing activities, net

​

Μύ

(1)

Μύ

(19)

​

β€”

​

(20)

​

Net cash provided (used) by investing activities

​

Μύ

(377)

Μύ

(304)

​

(30)

​

(711)

​

Cash flows from financing activities:

​

​

​

​

​

​

​

​

​

​

Borrowings of debt

​

Μύ

2,048

Μύ

β€”

​

16

​

2,064

​

Repayments of debt

​

Μύ

(2,563)

Μύ

(59)

​

(19)

​

(2,641)

​

Settlement of intergroup interests

​

​

202

​

(202)

​

β€”

​

β€”

​

Subsidiary shares repurchased by subsidiary

​

Μύ

(199)

Μύ

β€”

​

β€”

​

(199)

​

Cash dividends paid by subsidiary

​

​

(33)

​

β€”

​

β€”

​

(33)

​

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

​

Μύ

(19)

Μύ

(8)

​

(1)

​

(28)

​

Other financing activities, net

​

​

36

​

19

​

8

​

63

​

Net cash provided (used) by financing activities

​

Μύ

(528)

Μύ

(250)

​

4

​

(774)

​

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

(51)

Μύ

(244)

​

10

​

(285)

​

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

​

$

319

Μύ

1,489

​

183

​

1,991

​

​