°΅ΊΪ±¬ΑΟΝψ

​

​

Attributed (note 1)

​

​

​

​

​

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

Formula One

​

Live

​

Inter-Group

​

Consolidated

​

​

ΜύΜύΜύΜύ

Group

​

Group

​

Eliminations

​

Liberty

ΜύΜύΜύΜύ

​

​

amountsΜύinΜύmillions

​

Assets

​

​

​

​

​

​

​

​

​

​

Current assets:

​

​

​

​

​

​

​

​

​

​

Cash and cash equivalents

​

$

2,833

​

314

​

β€”

​

3,147

Μύ

Trade and other receivables, net

​

Μύ

143

​

1

​

β€”

​

144

Μύ

Other current assets

​

Μύ

376

​

β€”

​

β€”

​

376

Μύ

Total current assets

​

Μύ

3,352

​

315

​

β€”

​

3,667

Μύ

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

​

Μύ

31

​

479

​

β€”

​

510

Μύ

​

​

​

​

​

​

​

​

​

​

​

Property and equipment, at cost

​

Μύ

1,039

​

β€”

​

β€”

​

1,039

Μύ

Accumulated depreciation

​

Μύ

(214)

​

β€”

​

β€”

​

(214)

Μύ

​

​

Μύ

825

​

β€”

​

β€”

​

825

Μύ

​

​

​

​

​

​

​

​

​

​

​

Goodwill

​

Μύ

4,134

​

β€”

​

β€”

​

4,134

Μύ

Intangible assets subject to amortization, net

​

Μύ

2,632

​

β€”

​

β€”

​

2,632

Μύ

Deferred income tax assets

​

​

600

​

220

​

(32)

​

788

​

Other assets

​

Μύ

512

​

217

​

β€”

​

729

Μύ

Total assets

​

$

12,086

​

1,231

​

(32)

​

13,285

Μύ

​

​

​

​

​

​

​

​

​

​

​

Liabilities and Equity

​

​

​

​

​

​

​

​

​

​

Current liabilities:

​

​

​

​

​

​

​

​

​

​

Accounts payable and accrued liabilities

​

$

330

​

β€”

​

β€”

​

330

​

Current portion of debt

​

​

30

​

β€”

​

β€”

​

30

​

Deferred revenue

​

Μύ

1,009

​

β€”

​

β€”

​

1,009

​

Financial instrument liabilities

​

​

30

​

β€”

​

β€”

​

30

​

Other current liabilities

​

Μύ

47

​

β€”

​

β€”

​

47

​

Total current liabilities

​

Μύ

1,446

​

β€”

​

β€”

​

1,446

​

Long-term debt (note 1)

​

Μύ

2,952

​

1,582

​

β€”

​

4,534

​

Other liabilities

​

Μύ

277

​

1

​

(32)

​

246

​

Total liabilities

​

Μύ

4,675

​

1,583

​

(32)

​

6,226

​

Equity / Attributed net assets

​

Μύ

7,411

​

(374)

​

β€”

​

7,037

​

Noncontrolling interests in equity of subsidiaries

​

Μύ

β€”

​

22

​

β€”

​

22

​

Total liabilities and equity

​

$

12,086

​

1,231

​

(32)

​

13,285

​

​

​

Attributed (note 1)

​

​

​

​

​

​

​

​

Liberty

​

​

​

​

​

Formula One

​

Live

​

Consolidated

​

​

​

Group

​

Group

​

Liberty

​

​

​

amountsΜύinΜύmillions

​

Cash flows from operating activities:

​

​

​

​

​

​

​

​

Net earnings (loss)

​

$

22

​

(17)

​

5

​

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

​

​

​

​

​

​

​

​

Depreciation and amortization

​

Μύ

77

​

β€”

​

77

​

Stock-based compensation

​

Μύ

2

​

β€”

​

2

​

Share of (earnings) loss of affiliates, net

​

Μύ

3

​

(4)

​

(1)

​

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

​

Μύ

(82)

​

17

​

(65)

​

Deferred income tax expense (benefit)

​

Μύ

(25)

​

(4)

​

(29)

​

Other, net

​

Μύ

(1)

​

1

​

β€”

​

Changes in operating assets and liabilities

​

​

​

​

​

​

​

​

Current and other assets

​

Μύ

(143)

​

β€”

​

(143)

​

Payables and other liabilities

​

Μύ

538

​

(3)

​

535

​

Net cash provided (used) by operating activities

​

Μύ

391

​

(10)

​

381

​

Cash flows from investing activities:

​

​

​

​

​

​

​

​

Investments in equity method affiliates and debt and equity securities

​

Μύ

(5)

​

(1)

​

(6)

​

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

​

​

(131)

​

β€”

​

(131)

​

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

​

Μύ

(33)

​

β€”

​

(33)

​

Other investing activities, net

​

Μύ

(11)

​

β€”

​

(11)

​

Net cash provided (used) by investing activities

​

Μύ

(180)

​

(1)

​

(181)

​

Cash flows from financing activities:

​

​

​

​

​

​

​

​

Repayments of debt

​

Μύ

(6)

​

β€”

​

(6)

​

Other financing activities, net

​

​

(7)

​

β€”

​

(7)

​

Net cash provided (used) by financing activities

​

Μύ

(13)

​

β€”

​

(13)

​

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

​

​

4

​

β€”

​

4

​

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

​

Μύ

202

​

(11)

​

191

​

Cash, cash equivalents and restricted cash at beginning of period

​

Μύ

2,638

​

325

​

2,963

​

Cash, cash equivalents and restricted cash at end of period

​

$

2,840

​

314

​

3,154

​

​

​

Attributed (note 1)

​

​

​

​

​

​

​

​

Liberty

​

Liberty

​

​

​

​

​

Formula One

​

Live

​

SiriusXM

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

amountsΜύinΜύmillions

​

Cash flows from operating activities:

​

​

​

​

​

​

​

​

​

​

Net earnings (loss)

​

$

77

​

(73)

​

241

​

245

​

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

​

​

​

​

​

​

​

​

​

​

Net (earnings) loss from discontinued operations

​

​

β€”

​

β€”

​

(241)

​

(241)

​

Depreciation and amortization

​

Μύ

86

​

β€”

​

β€”

​

86

​

Stock-based compensation

​

Μύ

12

​

1

​

β€”

​

13

​

Share of (earnings) loss of affiliates, net

​

Μύ

3

​

21

​

β€”

​

24

​

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

​

Μύ

(48)

​

69

​

β€”

​

21

​

Deferred income tax expense (benefit)

​

Μύ

9

​

(18)

​

β€”

​

(9)

​

Intergroup tax allocation

​

​

(27)

​

(2)

​

β€”

​

(29)

​

Other, net

​

Μύ

2

​

β€”

​

β€”

​

2

​

Changes in operating assets and liabilities

​

​

​

​

​

​

​

​

​

​

Current and other assets

​

Μύ

(90)

​

(3)

​

β€”

​

(93)

​

Payables and other liabilities

​

Μύ

116

​

(4)

​

β€”

​

112

​

Net cash provided (used) by operating activities

​

Μύ

140

​

(9)

​

β€”

​

131

​

Cash flows from investing activities:

​

​

​

​

​

​

​

​

​

​

Investments in equity method affiliates and debt and equity securities

​

Μύ

(1)

​

β€”

​

β€”

​

(1)

​

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

​

​

(205)

​

β€”

​

β€”

​

(205)

​

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

​

Μύ

(27)

​

β€”

​

β€”

​

(27)

​

Other investing activities, net

​

Μύ

(63)

​

β€”

​

β€”

​

(63)

​

Net cash provided (used) by investing activities

​

Μύ

(296)

​

β€”

​

β€”

​

(296)

​

Cash flows from financing activities:

​

​

​

​

​

​

​

​

​

​

Repayments of debt

​

Μύ

(10)

​

β€”

​

β€”

​

(10)

​

Other financing activities, net

​

​

(1)

​

2

​

β€”

​

1

​

Net cash provided (used) by financing activities

​

Μύ

(11)

​

2

​

β€”

​

(9)

​

Net cash provided (used) by discontinued operations:

​

​

​

​

​

​

​

​

​

​

Cash provided (used) by operating activities

​

​

β€”

​

β€”

​

264

​

264

​

Cash provided (used) by investing activities

​

​

β€”

​

β€”

​

(354)

​

(354)

​

Cash provided (used) by financing activities

​

​

β€”

​

β€”

​

(73)

​

(73)

​

Net cash provided (used) by discontinued operations

​

​

β€”

​

β€”

​

(163)

​

(163)

​

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

​

Μύ

(167)

​

(7)

​

(163)

​

(337)

​

Cash, cash equivalents and restricted cash at beginning of period

​

Μύ

1,408

​

305

​

315

​

2,028

​

Cash, cash equivalents and restricted cash at end of period

​

$

1,241

​

298

​

152

​

1,691

​