Ƶ

Quarterly report pursuant to Section 13 or 15(d)

Financial Information for Tracking Stock Groups - Cash Flows (Details)

v3.22.2
Financial Information for Tracking Stock Groups - Cash Flows (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:
Net earnings (loss) $ 674 $ 528 $ 970 $ 514
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation and amortization 262 268 522 532
Stock-based compensation 112 123
Non-cash impairment and restructuring costs 245
Share of (earnings) loss of affiliates, net (61) 48 (47) 143
Realized and unrealized (gains) losses on financial instruments, net (380) (155) (439) (106)
Deferred income tax expense (benefit) 181 (101)
Other charges (credits), net (34) 3
Changes in operating assets and liabilities
Current and other assets (114) (176)
Payables and other liabilities 70 58
Net cash provided (used) by operating activities 1,221 1,235
Cash flows from investing activities:
Investments in equity method affiliates and debt and equity securities (9) (185)
Investment of subsidiary initial public offering proceeds into trust account (575)
Cash proceeds from dispositions 148 169
Cash (paid) received for acquisitions, net of cash acquired (137) (14)
Capital expended for property and equipment, including internal-use software and website development (455) (190)
Other investing activities, net 78 41
Net cash provided (used) by investing activities (375) (754)
Cash flows from financing activities:
Borrowings of debt 2,674 3,794
Repayments of debt (2,701) (2,513)
Liberty stock repurchases (356) (243)
Subsidiary shares repurchased by subsidiary (415) (856)
Cash dividends paid by subsidiary (217) (28)
Taxes paid in lieu of shares issued for stock-based compensation (45) (45)
Proceeds from initial public offering of subsidiary 575
Other financing activities, net 17 (34)
Net cash provided (used) by financing activities (1,043) 650
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (8) (2)
Net increase (decrease) in cash, cash equivalents and restricted cash (205) 1,129
Cash, cash equivalents and restricted cash at beginning of period 2,924 2,877
Cash, cash equivalents and restricted cash at end of period 2,719 4,006 2,719 4,006
Liberty SiriusXM Group
Cash flows from operating activities:
Net earnings (loss) 498 432 842 470
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation and amortization 152 150 304 299
Stock-based compensation 99 104
Non-cash impairment and restructuring costs 245
Share of (earnings) loss of affiliates, net (54) 70 (36) 183
Unrealized (gains) losses on intergroup interests, net 35 (22) 15 (32)
Realized and unrealized (gains) losses on financial instruments, net (296) (86) (357)
Deferred income tax expense (benefit) 161 (13)
Intergroup tax allocation 65 2
Intergroup tax (payments) receipts (42)
Other charges (credits), net (13) (2)
Changes in operating assets and liabilities
Current and other assets 11 (90)
Payables and other liabilities (162) (291)
Net cash provided (used) by operating activities 887 875
Cash flows from investing activities:
Investments in equity method affiliates and debt and equity securities (1) (61)
Cash proceeds from dispositions 50
Cash (paid) received for acquisitions, net of cash acquired (137) (14)
Capital expended for property and equipment, including internal-use software and website development (196) (164)
Other investing activities, net 4 4
Net cash provided (used) by investing activities (280) (235)
Cash flows from financing activities:
Borrowings of debt 2,634 3,722
Repayments of debt (2,320) (2,270)
Liberty stock repurchases (319) (243)
Subsidiary shares repurchased by subsidiary (415) (856)
Cash dividends paid by subsidiary (217) (28)
Taxes paid in lieu of shares issued for stock-based compensation (71) (44)
Settlement of intergroup call spread (384)
Other financing activities, net (3) 5
Net cash provided (used) by financing activities (711) (98)
Net increase (decrease) in cash, cash equivalents and restricted cash (104) 542
Cash, cash equivalents and restricted cash at beginning of period 606 1,008
Cash, cash equivalents and restricted cash at end of period 502 1,550 502 1,550
Braves Group
Cash flows from operating activities:
Net earnings (loss) 64 25 51 (34)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation and amortization 17 19 35 34
Stock-based compensation 6 6
Share of (earnings) loss of affiliates, net (8) (8) (12) (11)
Unrealized (gains) losses on intergroup interests, net (35) (1) (36) 27
Realized and unrealized (gains) losses on financial instruments, net (1) 1 (6) (1)
Deferred income tax expense (benefit) (6) (3)
Intergroup tax allocation 13 2
Intergroup tax (payments) receipts 9
Other charges (credits), net (11) 3
Changes in operating assets and liabilities
Current and other assets (8) 2
Payables and other liabilities 65 23
Net cash provided (used) by operating activities 100 48
Cash flows from investing activities:
Investments in equity method affiliates and debt and equity securities (5)
Cash proceeds from dispositions 47 2
Capital expended for property and equipment, including internal-use software and website development (8) (19)
Net cash provided (used) by investing activities 34 (17)
Cash flows from financing activities:
Borrowings of debt 40 72
Repayments of debt (138) (53)
Other financing activities, net (7) (4)
Net cash provided (used) by financing activities (105) 15
Net increase (decrease) in cash, cash equivalents and restricted cash 29 46
Cash, cash equivalents and restricted cash at beginning of period 244 185
Cash, cash equivalents and restricted cash at end of period 273 231 273 231
Formula One Group
Cash flows from operating activities:
Net earnings (loss) 112 71 77 78
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation and amortization 93 99 183 199
Stock-based compensation 7 13
Share of (earnings) loss of affiliates, net 1 (14) 1 (29)
Unrealized (gains) losses on intergroup interests, net 23 21 5
Realized and unrealized (gains) losses on financial instruments, net (83) (70) (76) (105)
Deferred income tax expense (benefit) 26 (85)
Intergroup tax allocation (78) (4)
Intergroup tax (payments) receipts 33
Other charges (credits), net (10) 2
Changes in operating assets and liabilities
Current and other assets (117) (88)
Payables and other liabilities 167 326
Net cash provided (used) by operating activities 234 312
Cash flows from investing activities:
Investments in equity method affiliates and debt and equity securities (3) (124)
Investment of subsidiary initial public offering proceeds into trust account (575)
Cash proceeds from dispositions 51 167
Capital expended for property and equipment, including internal-use software and website development (251) (7)
Other investing activities, net 74 37
Net cash provided (used) by investing activities (129) (502)
Cash flows from financing activities:
Repayments of debt (243) (190)
Liberty stock repurchases (37)
Taxes paid in lieu of shares issued for stock-based compensation 26 (1)
Proceeds from initial public offering of subsidiary 575
Settlement of intergroup call spread 384
Other financing activities, net 27 (35)
Net cash provided (used) by financing activities (227) 733
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (8) (2)
Net increase (decrease) in cash, cash equivalents and restricted cash (130) 541
Cash, cash equivalents and restricted cash at beginning of period 2,074 1,684
Cash, cash equivalents and restricted cash at end of period $ 1,944 $ 2,225 $ 1,944 $ 2,225