ΗΡΧΣΞΫΞΫΚΣΖ΅

Quarterly report pursuant to Section 13 or 15(d)

Financial Information for Tracking Stock Groups (Tables)

v3.22.2
Financial Information for Tracking Stock Groups (Tables)
6 Months Ended
Jun. 30, 2022
Condensed Balance Sheets

BALANCE SHEET INFORMATION

June 30, 2022

(unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

​

​

SiriusXM

​

Braves

​

Formula One

​

Inter-Group

​

Consolidated

​

​

ΜύΜύΜύΜύ

Group

​

Group

​

Group

​

Eliminations

​

Liberty

ΜύΜύΜύΜύ

​

​

²Ή³Ύ΄Η³ά²Τ³Ω²υΜύΎ±²ΤΜύ³ΎΎ±±τ±τΎ±΄Η²Τ²υ

​

Assets

​

​

​

​

​

​

​

​

​

​

​

​

Current assets:

​

​

​

​

​

​

​

​

​

​

​

​

Cash and cash equivalents

​

$

494

​

207

​

1,944

​

β€”

​

2,645

Μύ

Trade and other receivables, net

​

Μύ

660

​

74

​

89

​

β€”

​

823

Μύ

Other current assets

​

Μύ

348

​

81

​

229

​

β€”

​

658

Μύ

Total current assets

​

Μύ

1,502

​

362

​

2,262

​

β€”

​

4,126

Μύ

Intergroup interests (note 1)

​

​

363

​

β€”

​

163

​

(526)

​

β€”

​

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

​

Μύ

823

​

115

​

28

​

β€”

​

966

Μύ

​

​

​

​

​

​

​

​

​

​

​

​

​

Property and equipment, at cost

​

Μύ

2,886

​

1,002

​

451

​

β€”

​

4,339

Μύ

Accumulated depreciation

​

Μύ

(1,768)

​

(254)

​

(91)

​

β€”

​

(2,113)

Μύ

​

​

Μύ

1,118

​

748

​

360

​

β€”

​

2,226

Μύ

​

​

​

​

​

​

​

​

​

​

​

​

​

Intangible assets not subject to amortization

​

​

​

​

​

​

​

​

​

​

​

​

Goodwill

​

Μύ

15,209

​

176

​

3,956

​

β€”

​

19,341

Μύ

FCC licenses

​

Μύ

8,600

​

β€”

​

β€”

​

β€”

​

8,600

Μύ

Other

​

Μύ

1,242

​

124

​

β€”

​

β€”

​

1,366

Μύ

​

​

Μύ

25,051

​

300

​

3,956

​

β€”

​

29,307

Μύ

Intangible assets subject to amortization, net

​

Μύ

1,190

​

20

​

3,335

​

β€”

​

4,545

Μύ

Other assets

​

Μύ

1,105

​

64

​

1,466

​

(45)

​

2,590

Μύ

Total assets

​

$

31,152

​

1,609

​

11,570

​

(571)

​

43,760

Μύ

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities and Equity

​

​

​

​

​

​

​

​

​

​

​

​

Current liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

Intergroup payable (receivable) (note 3)

​

$

7

​

(9)

​

2

​

β€”

​

β€”

​

Accounts payable and accrued liabilities

​

​

1,372

Μύ

71

​

271

​

β€”

​

1,714

​

Current portion of debt

​

​

387

​

80

​

444

​

β€”

​

911

​

Deferred revenue

​

Μύ

1,432

Μύ

131

​

426

​

β€”

​

1,989

​

Other current liabilities

​

Μύ

66

Μύ

4

​

25

​

β€”

​

95

​

Total current liabilities

​

Μύ

3,264

Μύ

277

​

1,168

​

β€”

​

4,709

​

Long-term debt (note 1)

​

Μύ

13,516

Μύ

519

​

2,936

​

β€”

​

16,971

​

Deferred income tax liabilities

​

Μύ

2,240

Μύ

58

​

β€”

​

(45)

​

2,253

​

Redeemable intergroup interests (note 1)

​

​

β€”

​

221

​

305

​

(526)

​

β€”

​

Other liabilities

​

Μύ

565

Μύ

177

​

152

​

β€”

​

894

​

Total liabilities

​

Μύ

19,585

Μύ

1,252

​

4,561

​

(571)

​

24,827

​

Redeemable noncontrolling interests in equity of subsidiary

​

​

β€”

​

β€”

​

576

​

β€”

​

576

​

Equity / Attributed net assets

​

Μύ

8,411

Μύ

357

​

6,408

​

β€”

​

15,176

​

Noncontrolling interests in equity of subsidiaries

​

Μύ

3,156

Μύ

β€”

​

25

​

β€”

​

3,181

​

Total liabilities and equity

​

$

31,152

Μύ

1,609

​

11,570

​

(571)

​

43,760

​

Condensed Statement of Operations

STATEMENT OF OPERATIONS INFORMATION

Three months ended June 30, 2022

(unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

SiriusXM

​

Braves

​

Formula One

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

amounts in millions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

Sirius XM Holdings revenue

​

$

2,254

Μύ

β€”

​

β€”

​

2,254

​

Formula 1 revenue

​

​

β€”

​

β€”

​

744

​

744

​

Other revenue

​

Μύ

β€”

Μύ

260

​

β€”

​

260

​

Total revenue

​

Μύ

2,254

Μύ

260

​

744

​

3,258

​

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

711

Μύ

β€”

​

β€”

​

711

​

Programming and content

​

Μύ

152

Μύ

β€”

​

β€”

​

152

​

Customer service and billing

​

Μύ

126

Μύ

β€”

​

β€”

​

126

​

Other

​

Μύ

58

Μύ

β€”

​

β€”

​

58

​

Cost of Formula 1 revenue

​

​

β€”

​

β€”

​

534

​

534

​

Subscriber acquisition costs

​

Μύ

91

Μύ

β€”

​

β€”

​

91

​

Other operating expenses

​

Μύ

72

Μύ

175

​

β€”

​

247

​

Selling, general and administrative

​

Μύ

419

Μύ

33

​

68

​

520

​

Impairment, restructuring and acquisition costs, net of recoveries

​

​

1

Μύ

β€”

​

β€”

​

1

​

Depreciation and amortization

​

Μύ

152

Μύ

17

​

93

​

262

​

​

​

Μύ

1,782

Μύ

225

​

695

​

2,702

​

Operating income (loss)

​

Μύ

472

Μύ

35

​

49

​

556

​

Other income (expense):

​

​

​

​

​

​

​

​

​

​

Interest expense

​

Μύ

(125)

Μύ

(6)

​

(30)

​

(161)

​

Share of earnings (losses) of affiliates, net

​

Μύ

54

Μύ

8

​

(1)

​

61

​

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

​

Μύ

296

Μύ

1

​

83

​

380

​

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

​

​

(35)

​

35

​

β€”

​

β€”

​

Other, net

​

Μύ

4

Μύ

1

​

17

​

22

​

​

​

Μύ

194

Μύ

39

​

69

​

302

​

Earnings (loss) before income taxes

​

Μύ

666

Μύ

74

​

118

​

858

​

Income tax (expense) benefit

​

Μύ

(168)

Μύ

(10)

​

(6)

​

(184)

​

Net earnings (loss)

​

Μύ

498

Μύ

64

​

112

​

674

​

Less net earnings (loss) attributable to the noncontrolling interests

​

Μύ

51

Μύ

β€”

​

2

​

53

​

Less net earnings (loss) attributable to redeemable noncontrolling interest

​

​

β€”

Μύ

β€”

​

(1)

​

(1)

​

Net earnings (loss) attributable to Liberty stockholders

​

$

447

Μύ

64

​

111

​

622

​

​

STATEMENT OF OPERATIONS INFORMATION

Three months ended June 30, 2021

(unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

SiriusXM

​

Braves

​

Formula One

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

amounts in millions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

Sirius XM Holdings revenue

​

$

2,159

Μύ

β€”

​

β€”

​

2,159

​

Formula 1 revenue

​

​

β€”

​

β€”

​

501

​

501

​

Other revenue

​

Μύ

β€”

Μύ

216

​

β€”

​

216

​

Total revenue

​

Μύ

2,159

Μύ

216

​

501

​

2,876

​

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

663

Μύ

β€”

​

β€”

​

663

​

Programming and content

​

Μύ

135

Μύ

β€”

​

β€”

​

135

​

Customer service and billing

​

Μύ

127

Μύ

β€”

​

β€”

​

127

​

Other

​

Μύ

58

Μύ

β€”

​

β€”

​

58

​

Cost of Formula 1 revenue

​

​

β€”

​

β€”

​

398

​

398

​

Subscriber acquisition costs

​

Μύ

89

Μύ

β€”

​

β€”

​

89

​

Other operating expenses

​

Μύ

66

Μύ

142

​

β€”

​

208

​

Selling, general and administrative

​

Μύ

374

Μύ

24

​

47

​

445

​

Impairment, restructuring and acquisition costs, net of recoveries

​

​

(137)

Μύ

β€”

​

β€”

​

(137)

​

Depreciation and amortization

​

Μύ

150

Μύ

19

​

99

​

268

​

​

​

Μύ

1,525

Μύ

185

​

544

​

2,254

​

Operating income (loss)

​

Μύ

634

Μύ

31

​

(43)

​

622

​

Other income (expense):

​

​

​

​

​

​

​

​

​

​

Interest expense

​

Μύ

(123)

Μύ

(6)

​

(29)

​

(158)

​

Share of earnings (losses) of affiliates, net

​

Μύ

(70)

Μύ

8

​

14

​

(48)

​

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

​

Μύ

86

Μύ

(1)

​

70

​

155

​

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

​

​

22

​

1

​

(23)

​

β€”

​

Other, net

​

Μύ

8

Μύ

1

​

4

​

13

​

​

​

Μύ

(77)

Μύ

3

​

36

​

(38)

​

Earnings (loss) before income taxes

​

Μύ

557

Μύ

34

​

(7)

​

584

​

Income tax (expense) benefit

​

Μύ

(125)

Μύ

(9)

​

78

​

(56)

​

Net earnings (loss)

​

Μύ

432

Μύ

25

​

71

​

528

​

Less net earnings (loss) attributable to the noncontrolling interests

​

Μύ

95

Μύ

β€”

​

16

​

111

​

Net earnings (loss) attributable to Liberty stockholders

​

$

337

Μύ

25

​

55

​

417

​

​

STATEMENT OF OPERATIONS INFORMATION

Six months ended June 30, 2022

(unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

SiriusXM

​

Braves

​

Formula One

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

amounts in millions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

Sirius XM Holdings revenue

​

$

4,440

Μύ

β€”

​

β€”

​

4,440

​

Formula 1 revenue

​

​

β€”

​

β€”

​

1,104

​

1,104

​

Other revenue

​

Μύ

β€”

Μύ

283

​

β€”

​

283

​

Total revenue

​

Μύ

4,440

Μύ

283

​

1,104

​

5,827

​

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

1,381

Μύ

β€”

​

β€”

​

1,381

​

Programming and content

​

Μύ

292

Μύ

β€”

​

β€”

​

292

​

Customer service and billing

​

Μύ

251

Μύ

β€”

​

β€”

​

251

​

Other

​

Μύ

112

Μύ

β€”

​

β€”

​

112

​

Cost of Formula 1 revenue

​

​

β€”

​

β€”

​

729

​

729

​

Subscriber acquisition costs

​

Μύ

181

Μύ

β€”

​

β€”

​

181

​

Other operating expenses

​

Μύ

139

Μύ

198

​

β€”

​

337

​

Selling, general and administrative

​

Μύ

823

Μύ

55

​

124

​

1,002

​

Impairment, restructuring and acquisition costs, net of recoveries

​

​

1

Μύ

β€”

​

β€”

​

1

​

Depreciation and amortization

​

Μύ

304

Μύ

35

​

183

​

522

​

​

​

Μύ

3,484

Μύ

288

​

1,036

​

4,808

​

Operating income (loss)

​

Μύ

956

Μύ

(5)

​

68

​

1,019

​

Other income (expense):

​

​

​

​

​

​

​

​

​

​

Interest expense

​

Μύ

(247)

Μύ

(12)

​

(59)

​

(318)

​

Share of earnings (losses) of affiliates, net

​

Μύ

36

Μύ

12

​

(1)

​

47

​

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

​

Μύ

357

Μύ

6

​

76

​

439

​

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

​

​

(15)

​

36

​

(21)

​

β€”

​

Other, net

​

Μύ

24

Μύ

21

​

22

​

67

​

​

​

Μύ

155

Μύ

63

​

17

​

235

​

Earnings (loss) before income taxes

​

Μύ

1,111

Μύ

58

​

85

​

1,254

​

Income tax (expense) benefit

​

Μύ

(269)

Μύ

(7)

​

(8)

​

(284)

​

Net earnings (loss)

​

Μύ

842

Μύ

51

​

77

​

970

​

Less net earnings (loss) attributable to the noncontrolling interests

​

Μύ

107

Μύ

β€”

​

11

​

118

​

Less net earnings (loss) attributable to redeemable noncontrolling interest

​

​

β€”

Μύ

β€”

​

(10)

​

(10)

​

Net earnings (loss) attributable to Liberty stockholders

​

$

735

Μύ

51

​

76

​

862

​

​

STATEMENT OF OPERATIONS INFORMATION

Six months ended June 30, 2021

(unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

SiriusXM

​

Braves

​

Formula One

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

amounts in millions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

Sirius XM Holdings revenue

​

$

4,217

Μύ

β€”

​

β€”

​

4,217

​

Formula 1 revenue

​

​

β€”

​

β€”

​

681

​

681

​

Other revenue

​

Μύ

β€”

Μύ

232

​

β€”

​

232

​

Total revenue

​

Μύ

4,217

Μύ

232

​

681

​

5,130

​

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

1,303

Μύ

β€”

​

β€”

​

1,303

​

Programming and content

​

Μύ

265

Μύ

β€”

​

β€”

​

265

​

Customer service and billing

​

Μύ

244

Μύ

β€”

​

β€”

​

244

​

Other

​

Μύ

110

Μύ

β€”

​

β€”

​

110

​

Cost of Formula 1 revenue

​

​

β€”

​

β€”

​

482

​

482

​

Subscriber acquisition costs

​

Μύ

175

Μύ

β€”

​

β€”

​

175

​

Other operating expenses

​

Μύ

130

Μύ

162

​

β€”

​

292

​

Selling, general and administrative

​

Μύ

720

Μύ

45

​

90

​

855

​

Impairment, restructuring and acquisition costs, net of recoveries

​

​

108

Μύ

β€”

​

β€”

​

108

​

Depreciation and amortization

​

Μύ

299

Μύ

34

​

199

​

532

​

​

​

Μύ

3,354

Μύ

241

​

771

​

4,366

​

Operating income (loss)

​

Μύ

863

Μύ

(9)

​

(90)

​

764

​

Other income (expense):

​

​

​

​

​

​

​

​

​

​

Interest expense

​

Μύ

(243)

Μύ

(12)

​

(61)

​

(316)

​

Share of earnings (losses) of affiliates, net

​

Μύ

(183)

Μύ

11

​

29

​

(143)

​

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

​

Μύ

β€”

Μύ

1

​

105

​

106

​

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

​

​

32

​

(27)

​

(5)

​

β€”

​

Other, net

​

Μύ

19

Μύ

β€”

​

9

​

28

​

​

​

Μύ

(375)

Μύ

(27)

​

77

​

(325)

​

Earnings (loss) before income taxes

​

Μύ

488

Μύ

(36)

​

(13)

​

439

​

Income tax (expense) benefit

​

Μύ

(18)

Μύ

2

​

91

​

75

​

Net earnings (loss)

​

Μύ

470

Μύ

(34)

​

78

​

514

​

Less net earnings (loss) attributable to the noncontrolling interests

​

Μύ

144

Μύ

β€”

​

16

​

160

​

Less net earnings (loss) attributable to redeemable noncontrolling interest

​

​

β€”

Μύ

β€”

​

53

​

53

​

Net earnings (loss) attributable to Liberty stockholders

​

$

326

Μύ

(34)

​

9

​

301

​

​

Condensed Statement of Cash Flows

STATEMENT OF CASH FLOWS INFORMATION

Six months ended June 30, 2022

(unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

SiriusXM

​

Braves

​

Formula One

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

²Ή³Ύ΄Η³ά²Τ³Ω²υΜύΎ±²ΤΜύ³ΎΎ±±τ±τΎ±΄Η²Τ²υ

​

Cash flows from operating activities:

​

​

​

​

​

​

​

​

​

​

Net earnings (loss)

​

$

842

Μύ

51

​

77

​

970

​

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

​

​

​

​

​

​

​

​

​

​

Depreciation and amortization

​

Μύ

304

Μύ

35

​

183

​

522

​

Stock-based compensation

​

Μύ

99

Μύ

6

​

7

​

112

​

Share of (earnings) loss of affiliates, net

​

Μύ

(36)

Μύ

(12)

​

1

​

(47)

​

Unrealized (gains) losses on intergroup interests, net

​

​

15

​

(36)

​

21

​

β€”

​

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

​

Μύ

(357)

Μύ

(6)

​

(76)

​

(439)

​

Deferred income tax expense (benefit)

​

Μύ

161

Μύ

(6)

​

26

​

181

​

Intergroup tax allocation

​

​

65

​

13

​

(78)

​

β€”

​

Intergroup tax (payments) receipts

​

​

(42)

​

9

​

33

​

β€”

​

Other charges (credits), net

​

Μύ

(13)

Μύ

(11)

​

(10)

​

(34)

​

Changes in operating assets and liabilities

​

​

​

​

​

​

​

​

​

​

Current and other assets

​

Μύ

11

Μύ

(8)

​

(117)

​

(114)

​

Payables and other liabilities

​

Μύ

(162)

Μύ

65

​

167

​

70

​

Net cash provided (used) by operating activities

​

Μύ

887

Μύ

100

​

234

​

1,221

​

Cash flows from investing activities:

​

​

​

​

​

​

​

​

​

​

Investments in equity method affiliates and debt and equity securities

​

Μύ

(1)

Μύ

(5)

​

(3)

​

(9)

​

Cash proceeds from dispositions

​

​

50

​

47

​

51

​

148

​

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

​

​

(137)

​

β€”

​

β€”

​

(137)

​

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

​

Μύ

(196)

Μύ

(8)

​

(251)

​

(455)

​

Other investing activities, net

​

Μύ

4

Μύ

β€”

​

74

​

78

​

Net cash provided (used) by investing activities

​

Μύ

(280)

Μύ

34

​

(129)

​

(375)

​

Cash flows from financing activities:

​

​

​

​

​

​

​

​

​

​

Borrowings of debt

​

Μύ

2,634

Μύ

40

​

β€”

​

2,674

​

Repayments of debt

​

Μύ

(2,320)

Μύ

(138)

​

(243)

​

(2,701)

​

Liberty stock repurchases

​

​

(319)

​

β€”

​

(37)

​

(356)

​

Subsidiary shares repurchased by subsidiary

​

Μύ

(415)

Μύ

β€”

​

β€”

​

(415)

​

Cash dividends paid by subsidiary

​

​

(217)

​

β€”

​

β€”

​

(217)

​

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

​

Μύ

(71)

Μύ

β€”

​

26

​

(45)

​

Other financing activities, net

​

​

(3)

​

(7)

​

27

​

17

​

Net cash provided (used) by financing activities

​

Μύ

(711)

Μύ

(105)

​

(227)

​

(1,043)

​

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

​

​

β€”

​

β€”

​

(8)

​

(8)

​

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

​

Μύ

(104)

Μύ

29

​

(130)

​

(205)

​

Cash, cash equivalents and restricted cash at beginning of period

​

Μύ

606

Μύ

244

​

2,074

​

2,924

​

Cash, cash equivalents and restricted cash at end of period

​

$

502

Μύ

273

​

1,944

​

2,719

​

​

STATEMENT OF CASH FLOWS INFORMATION

Six months ended June 30, 2021

(unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

SiriusXM

​

Braves

​

Formula One

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

²Ή³Ύ΄Η³ά²Τ³Ω²υΜύΎ±²ΤΜύ³ΎΎ±±τ±τΎ±΄Η²Τ²υ

​

Cash flows from operating activities:

​

​

​

​

​

​

​

​

​

​

Net earnings (loss)

​

$

470

Μύ

(34)

​

78

​

514

​

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

​

​

​

​

​

​

​

​

​

​

Depreciation and amortization

​

Μύ

299

Μύ

34

​

199

​

532

​

Stock-based compensation

​

Μύ

104

Μύ

6

​

13

​

123

​

Non-cash impairment and restructuring costs

​

​

245

​

β€”

​

β€”

​

245

​

Share of (earnings) loss of affiliates, net

​

Μύ

183

Μύ

(11)

​

(29)

​

143

​

Unrealized (gains) losses on intergroup interests, net

​

​

(32)

​

27

​

5

​

β€”

​

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

​

Μύ

β€”

Μύ

(1)

​

(105)

​

(106)

​

Deferred income tax expense (benefit)

​

Μύ

(13)

Μύ

(3)

​

(85)

​

(101)

​

Intergroup tax allocation

​

​

2

​

2

​

(4)

​

β€”

​

Other charges (credits), net

​

Μύ

(2)

Μύ

3

​

2

​

3

​

Changes in operating assets and liabilities

​

​

​

​

​

​

​

​

​

​

Current and other assets

​

Μύ

(90)

Μύ

2

​

(88)

​

(176)

​

Payables and other liabilities

​

Μύ

(291)

Μύ

23

​

326

​

58

​

Net cash provided (used) by operating activities

​

Μύ

875

Μύ

48

​

312

​

1,235

​

Cash flows from investing activities:

​

​

​

​

​

​

​

​

​

​

Investments in equity method affiliates and debt and equity securities

​

Μύ

(61)

Μύ

β€”

​

(124)

​

(185)

​

Investment of subsidiary initial public offering proceeds into trust account

​

​

β€”

​

β€”

​

(575)

​

(575)

​

Cash proceeds from dispositions

​

​

β€”

​

2

​

167

​

169

​

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

​

​

(14)

​

β€”

​

β€”

​

(14)

​

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

​

Μύ

(164)

Μύ

(19)

​

(7)

​

(190)

​

Other investing activities, net

​

Μύ

4

Μύ

β€”

​

37

​

41

​

Net cash provided (used) by investing activities

​

Μύ

(235)

Μύ

(17)

​

(502)

​

(754)

​

Cash flows from financing activities:

​

​

​

​

​

​

​

​

​

​

Borrowings of debt

​

Μύ

3,722

Μύ

72

​

β€”

​

3,794

​

Repayments of debt

​

Μύ

(2,270)

Μύ

(53)

​

(190)

​

(2,513)

​

Liberty stock repurchases

​

​

(243)

​

β€”

​

β€”

​

(243)

​

Subsidiary shares repurchased by subsidiary

​

Μύ

(856)

Μύ

β€”

​

β€”

​

(856)

​

Cash dividends paid by subsidiary

​

​

(28)

​

β€”

​

β€”

​

(28)

​

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

​

Μύ

(44)

Μύ

β€”

​

(1)

​

(45)

​

Proceeds from initial public offering of subsidiary

​

​

β€”

​

β€”

​

575

​

575

​

Settlement of intergroup call spread

​

​

(384)

​

β€”

​

384

​

β€”

​

Other financing activities, net

​

​

5

​

(4)

​

(35)

​

(34)

​

Net cash provided (used) by financing activities

​

Μύ

(98)

Μύ

15

​

733

​

650

​

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

​

​

β€”

​

β€”

​

(2)

​

(2)

​

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

​

Μύ

542

Μύ

46

​

541

​

1,129

​

Cash, cash equivalents and restricted cash at beginning of period

​

Μύ

1,008

Μύ

185

​

1,684

​

2,877

​

Cash, cash equivalents and restricted cash at end of period

​

$

1,550

Μύ

231

​

2,225

​

4,006

​