°΅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

​

$

3,140

​

308

​

β€”

​

3,448

Μύ

Trade and other receivables, net

​

Μύ

143

​

1

​

β€”

​

144

Μύ

Other current assets

​

Μύ

510

​

β€”

​

β€”

​

510

Μύ

Total current assets

​

Μύ

3,793

​

309

​

β€”

​

4,102

Μύ

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

​

Μύ

33

​

589

​

β€”

​

622

Μύ

​

​

​

​

​

​

​

​

​

​

​

Property and equipment, at cost

​

Μύ

1,012

​

β€”

​

β€”

​

1,012

Μύ

Accumulated depreciation

​

Μύ

(184)

​

β€”

​

β€”

​

(184)

Μύ

​

​

Μύ

828

​

β€”

​

β€”

​

828

Μύ

​

​

​

​

​

​

​

​

​

​

​

Goodwill

​

Μύ

4,135

​

β€”

​

β€”

​

4,135

Μύ

Intangible assets subject to amortization, net

​

Μύ

2,570

​

β€”

​

β€”

​

2,570

Μύ

Deferred income tax assets

​

​

569

​

256

​

(35)

​

790

​

Other assets

​

Μύ

557

​

217

​

β€”

​

774

Μύ

Total assets

​

$

12,485

​

1,371

​

(35)

​

13,821

Μύ

​

​

​

​

​

​

​

​

​

​

​

Liabilities and Equity

​

​

​

​

​

​

​

​

​

​

Current liabilities:

​

​

​

​

​

​

​

​

​

​

Accounts payable and accrued liabilities

​

$

469

​

1

​

β€”

​

470

​

Current portion of debt

​

​

34

​

1,769

​

β€”

​

1,803

​

Deferred revenue

​

Μύ

780

​

β€”

​

β€”

​

780

​

Other current liabilities

​

Μύ

50

​

β€”

​

β€”

​

50

​

Total current liabilities

​

Μύ

1,333

​

1,770

​

β€”

​

3,103

​

Long-term debt (note 1)

​

Μύ

2,996

​

β€”

​

β€”

​

2,996

​

Other liabilities

​

Μύ

304

​

90

​

(35)

​

359

​

Total liabilities

​

Μύ

4,633

​

1,860

​

(35)

​

6,458

​

Equity / Attributed net assets

​

Μύ

7,852

​

(511)

​

β€”

​

7,341

​

Noncontrolling interests in equity of subsidiaries

​

Μύ

β€”

​

22

​

β€”

​

22

​

Total liabilities and equity

​

$

12,485

​

1,371

​

(35)

​

13,821

​

​

​

Attributed (note 1)

​

​

​

​

​

​

​

​

Liberty

​

​

​

​

​

Formula One

​

Live

​

Consolidated

​

​

​

Group

​

Group

​

Liberty

​

​

​

amountsΜύinΜύmillions

​

Cash flows from operating activities:

​

​

​

​

​

​

​

​

Net earnings (loss)

​

$

404

​

(195)

​

209

​

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

​

​

​

​

​

​

​

​

Depreciation and amortization

​

Μύ

157

​

β€”

​

157

​

Stock-based compensation

​

Μύ

8

​

2

​

10

​

Share of (earnings) loss of affiliates, net

​

Μύ

5

​

(77)

​

(72)

​

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

​

Μύ

(242)

​

306

​

64

​

Deferred income tax expense (benefit)

​

Μύ

9

​

(51)

​

(42)

​

Intergroup tax allocation

​

​

3

​

(3)

​

β€”

​

Other, net

​

Μύ

(33)

​

1

​

(32)

​

Changes in operating assets and liabilities

​

​

​

​

​

​

​

​

Current and other assets

​

Μύ

(147)

​

β€”

​

(147)

​

Payables and other liabilities

​

Μύ

464

​

1

​

465

​

Net cash provided (used) by operating activities

​

Μύ

628

​

(16)

​

612

​

Cash flows from investing activities:

​

​

​

​

​

​

​

​

Investments in equity method affiliates and debt and equity securities

​

Μύ

(16)

​

(1)

​

(17)

​

Cash proceeds from dispositions

​

​

26

​

β€”

​

26

​

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

(55)

​

β€”

​

(55)

​

Cash proceeds from foreign currency forward contracts

​

​

71

​

β€”

​

71

​

Other investing activities, net

​

Μύ

(14)

​

β€”

​

(14)

​

Net cash provided (used) by investing activities

​

Μύ

(119)

​

(1)

​

(120)

​

Cash flows from financing activities:

​

​

​

​

​

​

​

​

Repayments of debt

​

Μύ

(11)

​

β€”

​

(11)

​

Other financing activities, net

​

​

19

​

β€”

​

19

​

Net cash provided (used) by financing activities

​

Μύ

8

​

β€”

​

8

​

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

​

​

9

​

β€”

​

9

​

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

​

Μύ

526

​

(17)

​

509

​

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

​

$

3,164

​

308

​

3,472

​

​

​

Attributed (note 1)

​

​

​

​

​

​

​

​

Liberty

​

Liberty

​

​

​

​

​

Formula One

​

Live

​

SiriusXM

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

amountsΜύinΜύmillions

​

Cash flows from operating activities:

​

​

​

​

​

​

​

​

​

​

Net earnings (loss)

​

$

101

​

61

​

590

​

752

​

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

​

​

​

​

​

​

​

​

​

​

Net (earnings) loss from discontinued operations

​

​

β€”

​

β€”

​

(590)

​

(590)

​

Depreciation and amortization

​

Μύ

175

​

β€”

​

β€”

​

175

​

Stock-based compensation

​

Μύ

18

​

2

​

β€”

​

20

​

Share of (earnings) loss of affiliates, net

​

Μύ

5

​

(64)

​

β€”

​

(59)

​

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

​

Μύ

(47)

​

(19)

​

β€”

​

(66)

​

Deferred income tax expense (benefit)

​

Μύ

2

​

13

​

β€”

​

15

​

Intergroup tax allocation

​

​

(62)

​

3

​

β€”

​

(59)

​

Intergroup tax (payments) receipts

​

​

80

​

3

​

β€”

​

83

​

Other, net

​

Μύ

5

​

(4)

​

β€”

​

1

​

Changes in operating assets and liabilities

​

​

​

​

​

​

​

​

​

​

Current and other assets

​

Μύ

(79)

​

2

​

β€”

​

(77)

​

Payables and other liabilities

​

Μύ

203

​

(4)

​

β€”

​

199

​

Net cash provided (used) by operating activities

​

Μύ

401

​

(7)

​

β€”

​

394

​

Cash flows from investing activities:

​

​

​

​

​

​

​

​

​

​

Investments in equity method affiliates and debt and equity securities

​

Μύ

(1)

​

β€”

​

β€”

​

(1)

​

Cash proceeds from dispositions

​

​

β€”

​

107

​

β€”

​

107

​

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

(40)

​

β€”

​

β€”

​

(40)

​

Other investing activities, net

​

Μύ

(62)

​

1

​

β€”

​

(61)

​

Net cash provided (used) by investing activities

​

Μύ

(308)

​

108

​

β€”

​

(200)

​

Cash flows from financing activities:

​

​

​

​

​

​

​

​

​

​

Borrowings of debt

​

​

10

​

β€”

​

β€”

​

10

​

Repayments of debt

​

Μύ

(31)

​

β€”

​

β€”

​

(31)

​

Other financing activities, net

​

​

27

​

β€”

​

β€”

​

27

​

Net cash provided (used) by financing activities

​

Μύ

6

​

β€”

​

β€”

​

6

​

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

​

​

(8)

​

β€”

​

β€”

​

(8)

​

Net cash provided (used) by discontinued operations:

​

​

​

​

​

​

​

​

​

​

Cash provided (used) by operating activities

​

​

β€”

​

β€”

​

753

​

753

​

Cash provided (used) by investing activities

​

​

β€”

​

β€”

​

(550)

​

(550)

​

Cash provided (used) by financing activities

​

​

β€”

​

β€”

​

(314)

​

(314)

​

Net cash provided (used) by discontinued operations

​

​

β€”

​

β€”

​

(111)

​

(111)

​

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

​

Μύ

91

​

101

​

(111)

​

81

​

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

​

$

1,499

​

406

​

204

​

2,109

​