ΗΡΧΣΞΫΞΫΚΣΖ΅

Annual report pursuant to Section 13 and 15(d)

Financial Information for Tracking Stock Groups (Tables)

v3.22.4
Financial Information for Tracking Stock Groups (Tables)
12 Months Ended
Dec. 31, 2022
Condensed Balance Sheets

BALANCE SHEET INFORMATION

December 31, 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

​

$

362

​

151

​

1,733

​

β€”

​

2,246

Μύ

Trade and other receivables, net

​

Μύ

669

​

45

​

123

​

β€”

​

837

Μύ

Other current assets

​

Μύ

523

​

78

​

167

​

β€”

​

768

Μύ

Total current assets

​

Μύ

1,554

​

274

​

2,023

​

β€”

​

3,851

Μύ

Intergroup interests (note 1)

​

​

282

​

β€”

​

219

​

(501)

​

β€”

​

Investments in affiliates, accounted for using the equity method (note 1)

​

Μύ

823

​

95

​

34

​

β€”

​

952

Μύ

​

​

​

​

​

​

​

​

​

​

​

​

​

Property and equipment, at cost

​

Μύ

2,957

​

1,008

​

516

​

β€”

​

4,481

Μύ

Accumulated depreciation

​

Μύ

(1,840)

​

(278)

​

(108)

​

β€”

​

(2,226)

Μύ

​

​

Μύ

1,117

​

730

​

408

​

β€”

​

2,255

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

1,101

​

24

​

3,163

​

β€”

​

4,288

Μύ

Other assets

​

Μύ

551

​

54

​

1,213

​

(7)

​

1,811

Μύ

Total assets

​

$

30,479

​

1,477

​

11,016

​

(508)

​

42,464

Μύ

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities and Equity

​

​

​

​

​

​

​

​

​

​

​

​

Current liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

Intergroup payable (receivable) (note 4)

​

$

7

​

(7)

​

β€”

​

β€”

​

β€”

​

Accounts payable and accrued liabilities

​

​

1,405

Μύ

55

​

396

​

β€”

​

1,856

​

Current portion of debt (noteΜύ1)

​

Μύ

1,543

Μύ

75

​

61

​

β€”

​

1,679

​

Deferred revenue

​

Μύ

1,321

Μύ

105

​

347

​

β€”

​

1,773

​

Other current liabilities

​

Μύ

68

Μύ

5

​

29

​

β€”

​

102

​

Total current liabilities

​

Μύ

4,344

Μύ

233

​

833

​

β€”

​

5,410

​

Long-term debt (note 1)

​

Μύ

11,600

Μύ

467

​

2,886

​

β€”

​

14,953

​

Deferred income tax liabilities (note 3)

​

Μύ

2,054

Μύ

54

​

β€”

​

(7)

​

2,101

​

Redeemable intergroup interests (note 1)

​

​

β€”

​

278

​

223

​

(501)

​

β€”

​

Other liabilities

​

Μύ

584

Μύ

151

​

139

​

β€”

​

874

​

Total liabilities

​

Μύ

18,582

Μύ

1,183

​

4,081

​

(508)

​

23,338

​

Equity / Attributed net assets

​

Μύ

8,759

Μύ

294

​

6,910

​

β€”

​

15,963

​

Noncontrolling interests in equity of subsidiaries

​

Μύ

3,138

Μύ

β€”

​

25

​

β€”

​

3,163

​

Total liabilities and equity

​

$

30,479

Μύ

1,477

​

11,016

​

(508)

​

42,464

​

​

BALANCE SHEET INFORMATION

December 31, 2021

(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

​

$

598

​

142

​

2,074

​

β€”

​

2,814

Μύ

Trade and other receivables, net

​

Μύ

722

​

40

​

66

​

β€”

​

828

Μύ

Other current assets

​

Μύ

793

​

148

​

229

​

β€”

​

1,170

Μύ

Total current assets

​

Μύ

2,113

​

330

​

2,369

​

β€”

​

4,812

Μύ

Intergroup interests (note 1)

​

Μύ

379

​

β€”

​

191

​

(570)

​

β€”

Μύ

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

​

​

805

​

110

​

30

​

β€”

​

945

​

​

​

Μύ

​

​

​

​

​

​

​

​

​

Μύ

Property and equipment, at cost

​

Μύ

2,811

​

1,008

​

208

​

β€”

​

4,027

Μύ

Accumulated depreciation

​

Μύ

(1,697)

​

(231)

​

(89)

​

β€”

​

(2,017)

Μύ

​

​

​

1,114

​

777

​

119

​

β€”

​

2,010

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Intangible assets not subject to amortization

​

Μύ

​

​

​

​

​

​

​

​

​

Μύ

Goodwill

​

Μύ

15,111

​

180

​

3,957

​

β€”

​

19,248

Μύ

FCC licenses

​

Μύ

8,600

​

β€”

​

β€”

​

β€”

​

8,600

Μύ

Other

​

Μύ

1,242

​

143

​

β€”

​

β€”

​

1,385

Μύ

​

​

Μύ

24,953

​

323

​

3,957

​

β€”

​

29,233

Μύ

Intangible assets subject to amortization, net

​

Μύ

1,269

​

21

​

3,507

​

β€”

​

4,797

Μύ

Other assets

​

​

1,041

​

75

​

1,491

​

(53)

​

2,554

Μύ

Total assets

​

$

31,674

​

1,636

​

11,664

​

(623)

​

44,351

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities and Equity

​

​

​

​

​

​

​

​

​

​

​

​

Current liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

Intergroup payable (receivable) (note 4)

​

$

14

​

(31)

​

17

​

β€”

​

β€”

​

Accounts payable and accrued liabilities

​

Μύ

1,458

Μύ

66

​

308

​

β€”

​

1,832

​

Current portion of debt (noteΜύ1)

​

Μύ

2,184

Μύ

12

​

695

​

β€”

​

2,891

​

Deferred revenue

​

Μύ

1,454

Μύ

83

​

253

​

β€”

​

1,790

​

Other current liabilities

​

Μύ

68

Μύ

6

​

23

​

β€”

​

97

​

Total current liabilities

​

Μύ

5,178

Μύ

136

​

1,296

​

β€”

​

6,610

​

Long-term debt (note 1)

​

Μύ

12,078

Μύ

685

​

2,936

​

β€”

​

15,699

​

Deferred income tax liabilities (note 3)

​

Μύ

2,206

Μύ

65

​

β€”

​

(53)

​

2,218

​

Redeemable intergroup interests (note 1)

​

Μύ

β€”

​

257

​

313

​

(570)

​

β€”

​

Other liabilities

​

Μύ

611

Μύ

197

​

179

​

β€”

​

987

​

Total liabilities

​

Μύ

20,073

Μύ

1,340

​

4,724

​

(623)

​

25,514

​

Redeemable noncontrolling interests in equity of subsidiary

​

​

β€”

​

β€”

​

575

​

β€”

​

575

​

Equity / Attributed net assets

​

​

8,036

Μύ

296

​

6,340

​

β€”

​

14,672

​

Noncontrolling interests in equity of subsidiaries

​

​

3,565

Μύ

β€”

​

25

​

β€”

​

3,590

​

Total liabilities and equity

​

$

31,674

Μύ

1,636

​

11,664

​

(623)

​

44,351

​

​

Condensed Statement of Operations

STATEMENT OF OPERATIONS INFORMATION

December 31, 2022

(unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

SiriusXM

​

Braves

​

Formula One

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

amounts in millions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

Sirius XM Holdings revenue

​

$

9,003

Μύ

β€”

​

β€”

​

9,003

​

Formula 1 revenue

​

​

β€”

​

β€”

​

2,573

​

2,573

​

Other revenue

​

Μύ

β€”

Μύ

588

​

β€”

​

588

​

Total revenue

​

Μύ

9,003

Μύ

588

​

2,573

​

12,164

​

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

2,802

Μύ

β€”

​

β€”

​

2,802

​

Programming and content

​

Μύ

604

Μύ

β€”

​

β€”

​

604

​

Customer service and billing

​

Μύ

497

Μύ

β€”

​

β€”

​

497

​

Other

​

Μύ

227

Μύ

β€”

​

β€”

​

227

​

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

​

​

β€”

Μύ

β€”

​

1,750

​

1,750

​

Subscriber acquisition costs

​

Μύ

352

Μύ

β€”

​

β€”

​

352

​

Other operating expenses

​

Μύ

285

Μύ

434

​

β€”

​

719

​

Selling, general and administrative

​

Μύ

1,638

Μύ

105

​

288

​

2,031

​

Impairment, restructuring and acquisition costs, net of recoveries

​

​

68

Μύ

6

​

β€”

​

74

​

Depreciation and amortization

​

Μύ

611

Μύ

71

​

362

​

1,044

​

​

​

Μύ

7,084

Μύ

616

​

2,400

​

10,100

​

Operating income (loss)

​

Μύ

1,919

Μύ

(28)

​

173

​

2,064

​

Other income (expense):

​

​

​

​

​

​

​

​

​

​

Interest expense

​

Μύ

(511)

Μύ

(29)

​

(149)

​

(689)

​

Share of earnings (losses) of affiliates, net

​

Μύ

67

Μύ

32

​

β€”

​

99

​

Unrealized gain/(loss) on intergroup interests

​

​

(19)

​

(35)

​

54

​

β€”

​

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

​

Μύ

471

Μύ

13

​

115

​

599

​

Gains (losses) on dilution of investment in affiliate

​

​

10

Μύ

β€”

​

β€”

​

10

​

Other, net

​

Μύ

32

Μύ

20

​

58

​

110

​

​

​

Μύ

50

Μύ

1

​

78

​

129

​

Earnings (loss) before income taxes

​

Μύ

1,969

Μύ

(27)

​

251

​

2,193

​

Income tax (expense) benefit (note 3)

​

Μύ

(467)

Μύ

(8)

​

311

​

(164)

​

Net earnings (loss)

​

Μύ

1,502

Μύ

(35)

​

562

​

2,029

​

Less net earnings (loss) attributable to the noncontrolling interests

​

Μύ

210

Μύ

β€”

​

17

​

227

​

Less net earnings (loss) attributable to the redeemable noncontrolling interests

​

​

β€”

Μύ

β€”

​

(13)

​

(13)

​

Net earnings (loss) attributable to Liberty stockholders

​

$

1,292

Μύ

(35)

​

558

​

1,815

​

​

STATEMENT OF OPERATIONS INFORMATION

December 31, 2021

(unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

SiriusXM

​

Braves

​

Formula One

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

amounts in millions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

Sirius XM Holdings revenue

​

$

8,696

Μύ

β€”

​

β€”

​

8,696

​

Formula 1 revenue

​

​

β€”

​

β€”

​

2,136

​

2,136

​

Other revenue

​

Μύ

β€”

Μύ

568

​

β€”

​

568

​

Total revenue

​

Μύ

8,696

Μύ

568

​

2,136

​

11,400

​

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

2,672

Μύ

β€”

​

β€”

​

2,672

​

Programming and content

​

Μύ

559

Μύ

β€”

​

β€”

​

559

​

Customer service and billing

​

Μύ

501

Μύ

β€”

​

β€”

​

501

​

Other

​

Μύ

236

Μύ

β€”

​

β€”

​

236

​

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

​

​

β€”

Μύ

β€”

​

1,489

​

1,489

​

Subscriber acquisition costs

​

Μύ

325

Μύ

β€”

​

β€”

​

325

​

Other operating expenses

​

Μύ

265

Μύ

377

​

β€”

​

642

​

Selling, general and administrative

​

Μύ

1,598

Μύ

99

​

210

​

1,907

​

Impairment, restructuring and acquisition costs, net of recoveries

​

​

20

Μύ

β€”

​

β€”

​

20

​

Depreciation and amortization

​

Μύ

603

Μύ

72

​

397

​

1,072

​

​

​

Μύ

6,779

Μύ

548

​

2,096

​

9,423

​

Operating income (loss)

​

Μύ

1,917

Μύ

20

​

40

​

1,977

​

Other income (expense):

​

​

​

​

​

​

​

​

​

​

Interest expense

​

Μύ

(495)

Μύ

(24)

​

(123)

​

(642)

​

Share of earnings (losses) of affiliates, net

​

Μύ

(253)

Μύ

30

​

23

​

(200)

​

Unrealized gain/(loss) on intergroup interests

​

​

121

​

(31)

​

(90)

​

β€”

​

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

​

Μύ

(433)

Μύ

3

​

(21)

​

(451)

​

Gains (losses) on dilution of investment in affiliate

​

​

152

Μύ

β€”

​

β€”

​

152

​

Other, net

​

Μύ

(60)

Μύ

(1)

​

14

​

(47)

​

​

​

Μύ

(968)

Μύ

(23)

​

(197)

​

(1,188)

​

Earnings (loss) before income taxes

​

Μύ

949

Μύ

(3)

​

(157)

​

789

​

Income tax (expense) benefit (note 3)

​

Μύ

(74)

Μύ

(8)

​

37

​

(45)

​

Net earnings (loss)

​

Μύ

875

Μύ

(11)

​

(120)

​

744

​

Less net earnings (loss) attributable to the noncontrolling interests

​

Μύ

276

Μύ

β€”

​

16

​

292

​

Less net earnings (loss) attributable to the redeemable noncontrolling interests

​

​

β€”

Μύ

β€”

​

54

​

54

​

Net earnings (loss) attributable to Liberty stockholders

​

$

599

Μύ

(11)

​

(190)

​

398

​

​

STATEMENT OF OPERATIONS INFORMATION

December 31, 2020

(unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

SiriusXM

​

Braves

​

Formula One

​

Consolidated

​

​

​

Group

​

Group

​

Group

​

Liberty

​

​

​

amounts in millions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

Sirius XM Holdings revenue

​

$

8,040

Μύ

β€”

​

β€”

​

8,040

​

Formula 1 revenue

​

​

β€”

​

β€”

​

1,145

​

1,145

​

Other revenue

​

Μύ

β€”

Μύ

178

​

β€”

​

178

​

Total revenue

​

Μύ

8,040

Μύ

178

​

1,145

​

9,363

​

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

2,421

Μύ

β€”

​

β€”

​

2,421

​

Programming and content

​

Μύ

481

Μύ

β€”

​

β€”

​

481

​

Customer service and billing

​

Μύ

481

Μύ

β€”

​

β€”

​

481

​

Other

​

Μύ

196

Μύ

β€”

​

β€”

​

196

​

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

​

​

β€”

Μύ

β€”

​

974

​

974

​

Subscriber acquisition costs

​

Μύ

362

Μύ

β€”

​

β€”

​

362

​

Other operating expenses

​

Μύ

264

Μύ

170

​

β€”

​

434

​

Selling, general and administrative

​

Μύ

1,509

Μύ

67

​

174

​

1,750

​

Impairment, restructuring and acquisition costs, net of recoveries

​

​

1,004

Μύ

β€”

​

β€”

​

1,004

​

Depreciation and amortization

​

Μύ

573

Μύ

69

​

441

​

1,083

​

​

​

Μύ

7,291

Μύ

306

​

1,589

​

9,186

​

Operating income (loss)

​

Μύ

749

Μύ

(128)

​

(444)

​

177

​

Other income (expense):

​

​

​

​

​

​

​

​

​

​

Interest expense

​

Μύ

(462)

Μύ

(26)

​

(146)

​

(634)

​

Intergroup interest income (expense)

​

​

(7)

Μύ

β€”

​

7

​

β€”

​

Share of earnings (losses) of affiliates, net

​

Μύ

(484)

Μύ

6

​

(108)

​

(586)

​

Unrealized gain/(loss) on inter-group interests

​

​

125

​

42

​

(167)

​

β€”

​

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

​

Μύ

(521)

Μύ

(10)

​

129

​

(402)

​

Gains (losses) on dilution of investment in affiliate

​

​

4

​

β€”

​

β€”

​

4

​

Other, net

​

Μύ

(17)

Μύ

β€”

​

23

​

6

​

​

​

Μύ

(1,362)

Μύ

12

​

(262)

​

(1,612)

​

Earnings (loss) before income taxes

​

Μύ

(613)

Μύ

(116)

​

(706)

​

(1,435)

​

Income tax (expense) benefit (note 3)

​

Μύ

(106)

Μύ

38

​

112

​

44

​

Net earnings (loss)

​

Μύ

(719)

Μύ

(78)

​

(594)

​

(1,391)

​

Less net earnings (loss) attributable to the noncontrolling interests

​

Μύ

28

Μύ

β€”

​

2

​

30

​

Net earnings (loss) attributable to Liberty stockholders

​

$

(747)

Μύ

(78)

​

(596)

​

(1,421)

​

Condensed Statement of Cash Flows

STATEMENT OF CASH FLOWS INFORMATION

December 31, 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)

​

$

1,502

Μύ

(35)

​

562

​

2,029

​

Adjustments to reconcile net earnings to net cash provided by operating activities:

​

​

​

​

.

​

​

​

​

​

Depreciation and amortization

​

Μύ

611

Μύ

71

​

362

​

1,044

​

Stock-based compensation

​

Μύ

209

Μύ

12

​

16

​

237

​

Non-cash impairment and restructuring costs

​

​

65

​

5

​

β€”

​

70

​

Share of (earnings) loss of affiliates, net

​

Μύ

(67)

Μύ

(32)

​

β€”

​

(99)

​

Unrealized (gains) losses on intergroup interests, net

​

​

19

​

35

​

(54)

​

β€”

​

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

​

Μύ

(471)

Μύ

(13)

​

(115)

​

(599)

​

Noncash interest expense

​

​

19

​

2

​

5

​

26

​

Losses (gains) on dilution of investment in affiliate

​

​

(10)

​

β€”

​

β€”

​

(10)

​

Loss (gain) on early extinguishment of debt

​

​

(21)

​

β€”

​

(14)

​

(35)

​

Deferred income tax expense (benefit)

​

Μύ

329

Μύ

(10)

​

(306)

​

13

​

Intergroup tax allocation

​

​

91

​

18

​

(109)

​

β€”

​

Intergroup tax (payments) receipts

​

​

(80)

​

8

​

72

​

β€”

​

Other charges (credits), net

​

Μύ

10

Μύ

1

​

(1)

​

10

​

Changes in operating assets and liabilities

​

​

​

​

​

​

​

​

​

​

Current and other assets

​

Μύ

80

Μύ

(10)

​

(87)

​

(17)

​

Payables and other liabilities

​

Μύ

(327)

Μύ

1

​

203

​

(123)

​

Net cash provided (used) by operating activities

​

Μύ

1,959

Μύ

53

​

534

​

2,546

​

Cash flows from investing activities:

​

​

​

​

​

​

​

​

​

​

Subsidiary initial public offering proceeds returned from (invested in) trust account

​

​

β€”

​

β€”

​

579

​

579

​

Cash proceeds from dispositions of investments

​

​

66

​

48

​

53

​

167

​

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

​

​

(136)

​

β€”

​

β€”

​

(136)

​

Investments in equity method affiliates and debt and equity securities

​

Μύ

(1)

Μύ

(5)

​

(52)

​

(58)

​

Return of investment in equity method affiliates

​

​

1

​

28

​

9

​

38

​

Repayment of loans and other cash receipts from equity method affiliates and debt and equity securities

​

​

2

​

β€”

​

β€”

​

2

​

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

​

Μύ

(426)

Μύ

(18)

​

(291)

​

(735)

​

Other investing activities, net

​

Μύ

1

Μύ

β€”

​

96

​

97

​

Net cash provided (used) by investing activities

​

Μύ

(493)

Μύ

53

​

394

​

(46)

​

Cash flows from financing activities:

​

​

​

​

​

​

​

​

​

​

Borrowings of debt

​

Μύ

3,150

Μύ

155

​

2,884

​

6,189

​

Repayments of debt

​

Μύ

(3,553)

Μύ

(309)

​

(3,564)

​

(7,426)

​

Repayment of initial public offering proceeds to subsidiary shareholders

​

​

β€”

​

β€”

​

(579)

​

(579)

​

Intergroup (repayments) borrowings

​

​

78

Μύ

(14)

​

(64)

​

β€”

​

Liberty stock repurchases

​

​

(358)

Μύ

β€”

​

(37)

​

(395)

​

Subsidiary shares repurchased by subsidiary

​

Μύ

(647)

Μύ

β€”

​

β€”

​

(647)

​

Cash dividends paid by subsidiary

​

​

(249)

Μύ

β€”

​

β€”

​

(249)

​

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

​

Μύ

(147)

Μύ

β€”

​

24

​

(123)

​

Other financing activities, net

​

​

24

​

(9)

​

67

​

82

​

Net cash provided (used) by financing activities

​

Μύ

(1,702)

Μύ

(177)

​

(1,269)

​

(3,148)

​

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

​

Μύ

(236)

Μύ

(71)

​

(341)

​

(648)

​

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

​

$

370

Μύ

173

​

1,733

​

2,276

​

​

STATEMENT OF CASH FLOWS INFORMATION

December 31, 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)

​

$

875

Μύ

(11)

​

(120)

​

744

​

Adjustments to reconcile net earnings to net cash provided by operating activities:

​

​

​

​

​

​

​

​

​

​

Depreciation and amortization

​

Μύ

603

Μύ

72

​

397

​

1,072

​

Stock-based compensation

​

Μύ

215

Μύ

12

​

29

​

256

​

Non-cash impairment and restructuring costs

​

​

24

​

β€”

​

β€”

​

24

​

Share of (earnings) loss of affiliates, net

​

Μύ

253

Μύ

(30)

​

(23)

​

200

​

Unrealized (gains) losses on intergroup interests, net

​

​

(121)

​

31

​

90

​

β€”

​

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

​

Μύ

433

Μύ

(3)

​

21

​

451

​

Noncash interest expense

​

​

15

​

β€”

​

1

​

16

​

Losses (gains) on dilution of investment in affiliate

​

​

(152)

​

β€”

​

β€”

​

(152)

​

Loss (gain) on early extinguishment of debt

​

​

83

​

β€”

​

(3)

​

80

​

Deferred income tax expense (benefit)

​

Μύ

(12)

Μύ

12

​

(41)

​

(41)

​

Intergroup tax allocation

​

​

9

​

(4)

​

(5)

​

β€”

​

Intergroup tax (payments) receipts

​

​

(2)

​

7

​

(5)

​

β€”

​

Other charges (credits), net

​

Μύ

(15)

Μύ

20

​

(3)

​

2

​

Changes in operating assets and liabilities

​

​

​

​

​

​

​

​

​

​

Current and other assets

​

Μύ

(59)

Μύ

(43)

​

(2)

​

(104)

​

Payables and other liabilities

​

Μύ

(255)

Μύ

(1)

​

145

​

(111)

​

Net cash provided (used) by operating activities

​

Μύ

1,894

Μύ

62

​

481

​

2,437

​

Cash flows from investing activities:

​

​

​

​

​

​

​

​

​

​

Subsidiary initial public offering proceeds returned from (invested in) trust account

​

​

β€”

​

β€”

​

(575)

​

(575)

​

Cash proceeds from dispositions of investments

​

Μύ

177

​

2

​

204

​

383

​

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

​

​

(14)

​

β€”

​

β€”

​

(14)

​

Investments in equity method affiliates and debt and equity securities

​

​

(73)

Μύ

β€”

​

(179)

​

(252)

​

Return of investment in equity method affiliates

​

​

1

​

β€”

​

39

​

40

​

Repayment of loans and other cash receipts from equity method affiliates and debt and equity securities

​

​

12

​

β€”

​

β€”

​

12

​

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

​

Μύ

(388)

Μύ

(35)

​

(17)

​

(440)

​

Proceeds from insurance recoveries

​

​

225

​

β€”

​

β€”

​

225

​

Other investing activities, net

​

Μύ

(4)

Μύ

8

​

(72)

​

(68)

​

Net cash provided (used) by investing activities

​

Μύ

(64)

Μύ

(25)

​

(600)

​

(689)

​

Cash flows from financing activities:

​

​

​

​

​

​

​

​

​

​

Borrowings of debt

​

Μύ

6,294

Μύ

117

​

β€”

​

6,411

​

Repayments of debt

​

Μύ

(5,872)

Μύ

(93)

​

(322)

​

(6,287)

​

Liberty stock repurchases

​

​

(500)

​

β€”

​

(55)

​

(555)

​

Subsidiary shares repurchased by subsidiary

​

​

(1,523)

Μύ

β€”

​

β€”

​

(1,523)

​

Proceeds from initial public offering of subsidiary

​

​

β€”

​

β€”

​

575

​

575

​

Cash dividends paid by subsidiary

​

​

(58)

​

β€”

​

β€”

​

(58)

​

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

​

Μύ

(106)

Μύ

β€”

​

(48)

​

(154)

​

Settlement of intergroup call spread

​

​

(384)

​

β€”

​

384

​

β€”

​

Other financing activities, net

​

​

(83)

​

(2)

​

(22)

​

(107)

​

Net cash provided (used) by financing activities

​

Μύ

(2,232)

Μύ

22

​

512

​

(1,698)

​

Effect of foreign exchange rates on cash, cash equivalents and restricted cash

​

​

β€”

​

β€”

​

(3)

​

(3)

​

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

​

Μύ

(402)

Μύ

59

​

390

​

47

​

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

​

$

606

Μύ

244

​

2,074

​

2,924

​

​

STATEMENT OF CASH FLOWS INFORMATION

December 31, 2020

(unaudited)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Attributed (note 1)

​

​

​

​

​

Liberty

​

​

​

​

​

​

​

​

​

SiriusXM

​

Braves

​

Formula One

​

Consolidated

​

​

​

Group

​