Financial Information for Tracking Stock Groups (Tables)
|
12 Months Ended |
Dec. 31, 2018 |
|---|
| Financial Information for Tracking Stock Groups |
Ìý
|
| Condensed Statement of Operations |
STATEMENT OF OPERATIONS INFORMATION
DecemberÌý31, 2018
(unaudited)
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Liberty
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
SiriusXM
|
Ìý
|
Braves
|
Ìý
|
Formula One
|
Ìý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Liberty
|
Ìý
|
|
Ìý
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Ìý
|
amounts in millions
|
Ìý
|
|
Revenue:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Subscriber revenue
|
Ìý
|
$
|
4,594
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
4,594
|
Ìý
|
|
Formula 1 revenue
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
1,827
|
Ìý
|
1,827
|
Ìý
|
|
Other revenue
|
Ìý
|
Ìý
|
1,177
|
Ìý
|
442
|
Ìý
|
Ìý—
|
Ìý
|
1,619
|
Ìý
|
|
Total revenue
|
Ìý
|
Ìý
|
5,771
|
Ìý
|
442
|
Ìý
|
1,827
|
Ìý
|
8,040
|
Ìý
|
|
Operating costs and expenses, including stock-based compensation (note 2):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cost of subscriber services (exclusive of depreciation shown separately below):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Revenue share and royalties
|
Ìý
|
Ìý
|
1,394
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
1,394
|
Ìý
|
|
Programming and content
|
Ìý
|
Ìý
|
406
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
406
|
Ìý
|
|
Customer service and billing
|
Ìý
|
Ìý
|
382
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
382
|
Ìý
|
|
Other
|
Ìý
|
Ìý
|
126
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
126
|
Ìý
|
|
Cost of Formula 1 revenue
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
1,273
|
Ìý
|
1,273
|
Ìý
|
|
Subscriber acquisition costs
|
Ìý
|
Ìý
|
470
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
470
|
Ìý
|
|
Other operating expenses
|
Ìý
|
Ìý
|
123
|
Ìý
|
247
|
Ìý
|
Ìý—
|
Ìý
|
370
|
Ìý
|
|
Selling, general and administrative
|
Ìý
|
Ìý
|
881
|
Ìý
|
118
|
Ìý
|
204
|
Ìý
|
1,203
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
369
|
Ìý
|
76
|
Ìý
|
460
|
Ìý
|
905
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
4,151
|
Ìý
|
441
|
Ìý
|
1,937
|
Ìý
|
6,529
|
Ìý
|
|
Operating income (loss)
|
Ìý
|
Ìý
|
1,620
|
Ìý
|
Ìý1
|
Ìý
|
(110)
|
Ìý
|
1,511
|
Ìý
|
|
Other income (expense):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Interest expense
|
Ìý
|
Ìý
|
(388)
|
Ìý
|
(26)
|
Ìý
|
(192)
|
Ìý
|
(606)
|
Ìý
|
|
Share of earnings (losses) of affiliates, net
|
Ìý
|
Ìý
|
(11)
|
Ìý
|
12
|
Ìý
|
17
|
Ìý
|
18
|
Ìý
|
|
Unrealized gain/(loss) on inter-group interest
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(24)
|
Ìý
|
24
|
Ìý
|
Ìý—
|
Ìý
|
|
Realized and unrealized gains (losses) on financial instruments, net
|
Ìý
|
Ìý
|
(1)
|
Ìý
|
(2)
|
Ìý
|
43
|
Ìý
|
40
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
25
|
Ìý
|
35
|
Ìý
|
18
|
Ìý
|
78
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
(375)
|
Ìý
|
(5)
|
Ìý
|
(90)
|
Ìý
|
(470)
|
Ìý
|
|
Earnings (loss) before income taxes
|
Ìý
|
Ìý
|
1,245
|
Ìý
|
(4)
|
Ìý
|
(200)
|
Ìý
|
1,041
|
Ìý
|
|
Income tax (expense) benefit (note 3)
|
Ìý
|
Ìý
|
(241)
|
Ìý
|
15
|
Ìý
|
50
|
Ìý
|
(176)
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
Ìý
|
1,004
|
Ìý
|
11
|
Ìý
|
(150)
|
Ìý
|
865
|
Ìý
|
|
Less net earnings (loss) attributable to the noncontrolling interests
|
Ìý
|
Ìý
|
328
|
Ìý
|
Ìý6
|
Ìý
|
Ìý—
|
Ìý
|
334
|
Ìý
|
|
Net earnings (loss) attributable to Liberty stockholders
|
Ìý
|
$
|
676
|
Ìý
|
Ìý5
|
Ìý
|
(150)
|
Ìý
|
531
|
Ìý
|
Ìý
Ìý
STATEMENT OF OPERATIONS INFORMATION
DecemberÌý31, 2017
(unaudited)
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Liberty
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
SiriusXM
|
Ìý
|
Braves
|
Ìý
|
Formula One
|
Ìý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Liberty
|
Ìý
|
|
Ìý
|
Ìý
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amounts in millions
|
Ìý
|
|
Revenue:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Subscriber revenue
|
Ìý
|
$
|
4,473
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
4,473
|
Ìý
|
|
Formula 1 revenue
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
1,783
|
Ìý
|
1,783
|
Ìý
|
|
Other revenue
|
Ìý
|
Ìý
|
952
|
Ìý
|
386
|
Ìý
|
Ìý—
|
Ìý
|
1,338
|
Ìý
|
|
Total revenue
|
Ìý
|
Ìý
|
5,425
|
Ìý
|
386
|
Ìý
|
1,783
|
Ìý
|
7,594
|
Ìý
|
|
Operating costs and expenses, including stock-based compensation (note 2):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cost of subscriber services (exclusive of depreciation shown separately below):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Revenue share and royalties
|
Ìý
|
Ìý
|
1,210
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
1,210
|
Ìý
|
|
Programming and content
|
Ìý
|
Ìý
|
388
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
388
|
Ìý
|
|
Customer service and billing
|
Ìý
|
Ìý
|
385
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
385
|
Ìý
|
|
Other
|
Ìý
|
Ìý
|
119
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
119
|
Ìý
|
|
Cost of Formula 1 revenue
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
1,219
|
Ìý
|
1,219
|
Ìý
|
|
Subscriber acquisition costs
|
Ìý
|
Ìý
|
499
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
499
|
Ìý
|
|
Other operating expenses
|
Ìý
|
Ìý
|
113
|
Ìý
|
281
|
Ìý
|
Ìý—
|
Ìý
|
394
|
Ìý
|
|
Selling, general and administrative
|
Ìý
|
Ìý
|
812
|
Ìý
|
151
|
Ìý
|
199
|
Ìý
|
1,162
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
352
|
Ìý
|
67
|
Ìý
|
405
|
Ìý
|
824
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
3,878
|
Ìý
|
499
|
Ìý
|
1,823
|
Ìý
|
6,200
|
Ìý
|
|
Operating income (loss)
|
Ìý
|
Ìý
|
1,547
|
Ìý
|
(113)
|
Ìý
|
(40)
|
Ìý
|
1,394
|
Ìý
|
|
Other income (expense):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Interest expense
|
Ìý
|
Ìý
|
(356)
|
Ìý
|
(15)
|
Ìý
|
(220)
|
Ìý
|
(591)
|
Ìý
|
|
Share of earnings (losses) of affiliates, net
|
Ìý
|
Ìý
|
29
|
Ìý
|
78
|
Ìý
|
(3)
|
Ìý
|
104
|
Ìý
|
|
Unrealized gain/(loss) on inter-group interest
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(15)
|
Ìý
|
15
|
Ìý
|
Ìý—
|
Ìý
|
|
Realized and unrealized gains (losses) on financial instruments, net
|
Ìý
|
Ìý
|
(16)
|
Ìý
|
Ìý—
|
Ìý
|
(72)
|
Ìý
|
(88)
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
(11)
|
Ìý
|
Ìý3
|
Ìý
|
16
|
Ìý
|
Ìý8
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
(354)
|
Ìý
|
51
|
Ìý
|
(264)
|
Ìý
|
(567)
|
Ìý
|
|
Earnings (loss) before income taxes
|
Ìý
|
Ìý
|
1,193
|
Ìý
|
(62)
|
Ìý
|
(304)
|
Ìý
|
827
|
Ìý
|
|
Income tax (expense) benefit (note 3)
|
Ìý
|
Ìý
|
466
|
Ìý
|
36
|
Ìý
|
561
|
Ìý
|
1,063
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
Ìý
|
1,659
|
Ìý
|
(26)
|
Ìý
|
257
|
Ìý
|
1,890
|
Ìý
|
|
Less net earnings (loss) attributable to the noncontrolling interests
|
Ìý
|
Ìý
|
535
|
Ìý
|
(1)
|
Ìý
|
Ìý2
|
Ìý
|
536
|
Ìý
|
|
Net earnings (loss) attributable to Liberty stockholders
|
Ìý
|
$
|
1,124
|
Ìý
|
(25)
|
Ìý
|
255
|
Ìý
|
1,354
|
Ìý
|
Ìý
STATEMENT OF OPERATIONS INFORMATION
DecemberÌý31, 2016
(unaudited)
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Liberty
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
SiriusXM
|
Ìý
|
Braves
|
Ìý
|
Formula One
|
Ìý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Liberty
|
Ìý
|
|
Ìý
|
Ìý
|
amounts in millions
|
Ìý
|
|
Revenue:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Subscriber revenue
|
Ìý
|
$
|
4,194
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
4,194
|
Ìý
|
|
Other revenue
|
Ìý
|
Ìý
|
820
|
Ìý
|
262
|
Ìý
|
Ìý—
|
Ìý
|
1,082
|
Ìý
|
|
Total revenue
|
Ìý
|
Ìý
|
5,014
|
Ìý
|
262
|
Ìý
|
Ìý—
|
Ìý
|
5,276
|
Ìý
|
|
Operating costs and expenses, including stock-based compensation (note 2):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cost of subscriber services (exclusive of depreciation shown separately below):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Revenue share and royalties
|
Ìý
|
Ìý
|
1,109
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
1,109
|
Ìý
|
|
Programming and content
|
Ìý
|
Ìý
|
354
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
354
|
Ìý
|
|
Customer service and billing
|
Ìý
|
Ìý
|
387
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
387
|
Ìý
|
|
Other
|
Ìý
|
Ìý
|
144
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
144
|
Ìý
|
|
Subscriber acquisition costs
|
Ìý
|
Ìý
|
513
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
513
|
Ìý
|
|
Other operating expenses
|
Ìý
|
Ìý
|
82
|
Ìý
|
224
|
Ìý
|
Ìý—
|
Ìý
|
306
|
Ìý
|
|
Selling, general and administrative
|
Ìý
|
Ìý
|
761
|
Ìý
|
67
|
Ìý
|
58
|
Ìý
|
886
|
Ìý
|
|
Legal settlement, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(511)
|
Ìý
|
(511)
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
312
|
Ìý
|
32
|
Ìý
|
10
|
Ìý
|
354
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
3,662
|
Ìý
|
323
|
Ìý
|
(443)
|
Ìý
|
3,542
|
Ìý
|
|
Operating income (loss)
|
Ìý
|
Ìý
|
1,352
|
Ìý
|
(61)
|
Ìý
|
443
|
Ìý
|
1,734
|
Ìý
|
|
Other income (expense):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Interest expense
|
Ìý
|
Ìý
|
(342)
|
Ìý
|
(1)
|
Ìý
|
(19)
|
Ìý
|
(362)
|
Ìý
|
|
Share of earnings (losses) of affiliates, net
|
Ìý
|
Ìý
|
13
|
Ìý
|
Ìý9
|
Ìý
|
(8)
|
Ìý
|
14
|
Ìý
|
|
Unrealized gain/(loss) on inter-group interest
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(27)
|
Ìý
|
27
|
Ìý
|
Ìý—
|
Ìý
|
|
Realized and unrealized gains (losses) on financial instruments, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý1
|
Ìý
|
36
|
Ìý
|
37
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
(25)
|
Ìý
|
Ìý—
|
Ìý
|
21
|
Ìý
|
(4)
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
(354)
|
Ìý
|
(18)
|
Ìý
|
57
|
Ìý
|
(315)
|
Ìý
|
|
Earnings (loss) before income taxes
|
Ìý
|
Ìý
|
998
|
Ìý
|
(79)
|
Ìý
|
500
|
Ìý
|
1,419
|
Ìý
|
|
Income tax (expense) benefit (note 3)
|
Ìý
|
Ìý
|
(341)
|
Ìý
|
17
|
Ìý
|
(171)
|
Ìý
|
(495)
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
Ìý
|
657
|
Ìý
|
(62)
|
Ìý
|
329
|
Ìý
|
924
|
Ìý
|
|
Less net earnings (loss) attributable to the noncontrolling interests
|
Ìý
|
Ìý
|
244
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
244
|
Ìý
|
|
Net earnings (loss) attributable to Liberty stockholders
|
Ìý
|
$
|
413
|
Ìý
|
(62)
|
Ìý
|
329
|
Ìý
|
680
|
Ìý
|
Ìý
|
| Condensed Statement of Cash Flows |
STATEMENT OF CASH FLOWS INFORMATION
DecemberÌý31, 2018
(unaudited)
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Liberty
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
SiriusXM
|
Ìý
|
Braves
|
Ìý
|
Formula One
|
Ìý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Liberty
|
Ìý
|
|
Ìý
|
Ìý
|
amountsÌýinÌýmillions
|
Ìý
|
|
Cash flows from operating activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
$
|
1,004
|
Ìý
|
11
|
Ìý
|
(150)
|
Ìý
|
865
|
Ìý
|
|
Adjustments to reconcile net earnings to net cash provided by operating activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
369
|
Ìý
|
76
|
Ìý
|
460
|
Ìý
|
905
|
Ìý
|
|
Stock-based compensation
|
Ìý
|
Ìý
|
156
|
Ìý
|
11
|
Ìý
|
25
|
Ìý
|
192
|
Ìý
|
|
Share of (earnings) loss of affiliates, net
|
Ìý
|
Ìý
|
11
|
Ìý
|
(12)
|
Ìý
|
(17)
|
Ìý
|
(18)
|
Ìý
|
|
Unrealized (gains) losses on intergroup interest, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
24
|
Ìý
|
(24)
|
Ìý
|
Ìý—
|
Ìý
|
|
Realized and unrealized (gains) losses on financial instruments, net
|
Ìý
|
Ìý
|
Ìý1
|
Ìý
|
Ìý2
|
Ìý
|
(43)
|
Ìý
|
(40)
|
Ìý
|
|
Noncash interest expense
|
Ìý
|
Ìý
|
(8)
|
Ìý
|
Ìý5
|
Ìý
|
Ìý2
|
Ìý
|
(1)
|
Ìý
|
|
Losses (gains) on dilution of investment in affiliate
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
Ìý1
|
Ìý
|
Ìý1
|
Ìý
|
|
Loss on early extinguishment of debt
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
Ìý1
|
Ìý
|
Ìý1
|
Ìý
|
|
Deferred income tax expense (benefit)
|
Ìý
|
Ìý
|
231
|
Ìý
|
(1)
|
Ìý
|
(63)
|
Ìý
|
167
|
Ìý
|
|
Intergroup tax allocation
|
Ìý
|
Ìý
|
22
|
Ìý
|
(14)
|
Ìý
|
(8)
|
Ìý
|
Ìý—
|
Ìý
|
|
Intergroup tax (payments) receipts
|
Ìý
|
Ìý
|
(20)
|
Ìý
|
35
|
Ìý
|
(15)
|
Ìý
|
Ìý—
|
Ìý
|
|
Other charges (credits), net
|
Ìý
|
Ìý
|
Ìý2
|
Ìý
|
(20)
|
Ìý
|
Ìý1
|
Ìý
|
(17)
|
Ìý
|
|
Changes in operating assets and liabilities
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current and other assets
|
Ìý
|
Ìý
|
(4)
|
Ìý
|
Ìý8
|
Ìý
|
(35)
|
Ìý
|
(31)
|
Ìý
|
|
Payables and other liabilities
|
Ìý
|
Ìý
|
21
|
Ìý
|
(22)
|
Ìý
|
133
|
Ìý
|
132
|
Ìý
|
|
Net cash provided (used) by operating activities
|
Ìý
|
Ìý
|
1,785
|
Ìý
|
103
|
Ìý
|
268
|
Ìý
|
2,156
|
Ìý
|
|
Cash flows from investing activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cash proceeds from dispositions of investments
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
155
|
Ìý
|
244
|
Ìý
|
399
|
Ìý
|
|
Investments in equity method affiliates and debt and equity securities
|
Ìý
|
Ìý
|
(405)
|
Ìý
|
Ìý—
|
Ìý
|
(9)
|
Ìý
|
(414)
|
Ìý
|
|
Repayment of loans and other cash receipts from equity method affiliates and debt and equity securities
|
Ìý
|
Ìý
|
14
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
14
|
Ìý
|
|
Capital expended for property and equipment
|
Ìý
|
Ìý
|
(356)
|
Ìý
|
(33)
|
Ìý
|
(14)
|
Ìý
|
(403)
|
Ìý
|
|
Other investing activities, net
|
Ìý
|
Ìý
|
(9)
|
Ìý
|
37
|
Ìý
|
Ìý6
|
Ìý
|
34
|
Ìý
|
|
Net cash provided (used) by investing activities
|
Ìý
|
Ìý
|
(756)
|
Ìý
|
159
|
Ìý
|
227
|
Ìý
|
(370)
|
Ìý
|
|
Cash flows from financing activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Borrowings of debt
|
Ìý
|
Ìý
|
2,795
|
Ìý
|
123
|
Ìý
|
699
|
Ìý
|
3,617
|
Ìý
|
|
Repayments of debt
|
Ìý
|
Ìý
|
(2,431)
|
Ìý
|
(317)
|
Ìý
|
(1,309)
|
Ìý
|
(4,057)
|
Ìý
|
|
Series C Liberty SiriusXM stock repurchases
|
Ìý
|
Ìý
|
(466)
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(466)
|
Ìý
|
|
Subsidiary shares repurchased by subsidiary
|
Ìý
|
Ìý
|
(1,314)
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(1,314)
|
Ìý
|
|
Cash dividends paid by subsidiary
|
Ìý
|
Ìý
|
(59)
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(59)
|
Ìý
|
|
Taxes paid in lieu of shares issued for stock-based compensation
|
Ìý
|
Ìý
|
(127)
|
Ìý
|
Ìý—
|
Ìý
|
(3)
|
Ìý
|
(130)
|
Ìý
|
|
Other financing activities, net
|
Ìý
|
Ìý
|
50
|
Ìý
|
(18)
|
Ìý
|
(3)
|
Ìý
|
29
|
Ìý
|
|
Net cash provided (used) by financing activities
|
Ìý
|
Ìý
|
(1,552)
|
Ìý
|
(212)
|
Ìý
|
(616)
|
Ìý
|
(2,380)
|
Ìý
|
|
Effect of foreign exchange rates on cash, cash equivalents and restricted cash
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(1)
|
Ìý
|
(1)
|
Ìý
|
|
Net increase (decrease) in cash, cash equivalents and restricted cash
|
Ìý
|
Ìý
|
(523)
|
Ìý
|
50
|
Ìý
|
(122)
|
Ìý
|
(595)
|
Ìý
|
|
Cash, cash equivalents and restricted cash at beginning of period
|
Ìý
|
Ìý
|
625
|
Ìý
|
140
|
Ìý
|
282
|
Ìý
|
1,047
|
Ìý
|
|
Cash, cash equivalents and restricted cash at end of period
|
Ìý
|
$
|
102
|
Ìý
|
190
|
Ìý
|
160
|
Ìý
|
452
|
Ìý
|
Ìý
Ìý
Ìý
STATEMENT OF CASH FLOWS INFORMATION
DecemberÌý31, 2017
(unaudited)
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Liberty
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
SiriusXM
|
Ìý
|
Braves
|
Ìý
|
Formula One
|
Ìý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Liberty
|
Ìý
|
|
Ìý
|
Ìý
|
amountsÌýinÌýmillions
|
Ìý
|
|
Cash flows from operating activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
$
|
1,659
|
Ìý
|
(26)
|
Ìý
|
257
|
Ìý
|
1,890
|
Ìý
|
|
Adjustments to reconcile net earnings to net cash provided by operating activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
352
|
Ìý
|
67
|
Ìý
|
405
|
Ìý
|
824
|
Ìý
|
|
Stock-based compensation
|
Ìý
|
Ìý
|
150
|
Ìý
|
48
|
Ìý
|
32
|
Ìý
|
230
|
Ìý
|
|
Share of (earnings) loss of affiliates, net
|
Ìý
|
Ìý
|
(29)
|
Ìý
|
(78)
|
Ìý
|
Ìý3
|
Ìý
|
(104)
|
Ìý
|
|
Unrealized (gains) losses on intergroup interest, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
15
|
Ìý
|
(15)
|
Ìý
|
Ìý—
|
Ìý
|
|
Realized and unrealized (gains) losses on financial instruments, net
|
Ìý
|
Ìý
|
16
|
Ìý
|
Ìý—
|
Ìý
|
72
|
Ìý
|
88
|
Ìý
|
|
Noncash interest expense
|
Ìý
|
Ìý
|
Ìý7
|
Ìý
|
Ìý3
|
Ìý
|
Ìý6
|
Ìý
|
16
|
Ìý
|
|
Losses (gains) on dilution of investment in affiliate
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(3)
|
Ìý
|
(3)
|
Ìý
|
|
Loss on early extinguishment of debt
|
Ìý
|
Ìý
|
35
|
Ìý
|
Ìý5
|
Ìý
|
Ìý8
|
Ìý
|
48
|
Ìý
|
|
Deferred income tax expense (benefit)
|
Ìý
|
Ìý
|
(492)
|
Ìý
|
Ìý2
|
Ìý
|
(574)
|
Ìý
|
(1,064)
|
Ìý
|
|
Intergroup tax allocation
|
Ìý
|
Ìý
|
(6)
|
Ìý
|
(39)
|
Ìý
|
45
|
Ìý
|
Ìý—
|
Ìý
|
|
Intergroup tax (payments) receipts
|
Ìý
|
Ìý
|
Ìý4
|
Ìý
|
15
|
Ìý
|
(19)
|
Ìý
|
Ìý—
|
Ìý
|
|
Other charges (credits), net
|
Ìý
|
Ìý
|
(4)
|
Ìý
|
18
|
Ìý
|
(10)
|
Ìý
|
Ìý4
|
Ìý
|
|
Changes in operating assets and liabilities
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current and other assets
|
Ìý
|
Ìý
|
30
|
Ìý
|
(57)
|
Ìý
|
77
|
Ìý
|
50
|
Ìý
|
|
Payables and other liabilities
|
Ìý
|
Ìý
|
127
|
Ìý
|
(15)
|
Ìý
|
(359)
|
Ìý
|
(247)
|
Ìý
|
|
Net cash provided (used) by operating activities
|
Ìý
|
Ìý
|
1,849
|
Ìý
|
(42)
|
Ìý
|
(75)
|
Ìý
|
1,732
|
Ìý
|
|
Cash flows from investing activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cash proceeds from dispositions of investments
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý5
|
Ìý
|
16
|
Ìý
|
21
|
Ìý
|
|
Net cash paid for the acquisition of Formula 1
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(1,647)
|
Ìý
|
(1,647)
|
Ìý
|
|
Investments in equity method affiliates and debt and equity securities
|
Ìý
|
Ìý
|
(851)
|
Ìý
|
(2)
|
Ìý
|
(9)
|
Ìý
|
(862)
|
Ìý
|
|
Capital expended for property and equipment
|
Ìý
|
Ìý
|
(288)
|
Ìý
|
(219)
|
Ìý
|
(10)
|
Ìý
|
(517)
|
Ìý
|
|
Other investing activities, net
|
Ìý
|
Ìý
|
(115)
|
Ìý
|
(5)
|
Ìý
|
(12)
|
Ìý
|
(132)
|
Ìý
|
|
Net cash provided (used) by investing activities
|
Ìý
|
Ìý
|
(1,254)
|
Ìý
|
(221)
|
Ìý
|
(1,662)
|
Ìý
|
(3,137)
|
Ìý
|
|
Cash flows from financing activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Borrowings of debt
|
Ìý
|
Ìý
|
4,553
|
Ìý
|
544
|
Ìý
|
1,600
|
Ìý
|
6,697
|
Ìý
|
|
Repayments of debt
|
Ìý
|
Ìý
|
(3,216)
|
Ìý
|
(218)
|
Ìý
|
(1,673)
|
Ìý
|
(5,107)
|
Ìý
|
|
Proceeds from issuance of Series C Liberty Formula One common stock
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
1,938
|
Ìý
|
1,938
|
Ìý
|
|
Subsidiary shares repurchased by subsidiary
|
Ìý
|
Ìý
|
(1,409)
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(1,409)
|
Ìý
|
|
Cash dividends paid by subsidiary
|
Ìý
|
Ìý
|
(60)
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(60)
|
Ìý
|
|
Taxes paid in lieu of shares issued for stock-based compensation
|
Ìý
|
Ìý
|
(100)
|
Ìý
|
(30)
|
Ìý
|
(5)
|
Ìý
|
(135)
|
Ìý
|
|
Other financing activities, net
|
Ìý
|
Ìý
|
(35)
|
Ìý
|
Ìý—
|
Ìý
|
(13)
|
Ìý
|
(48)
|
Ìý
|
|
Net cash provided (used) by financing activities
|
Ìý
|
Ìý
|
(267)
|
Ìý
|
296
|
Ìý
|
1,847
|
Ìý
|
1,876
|
Ìý
|
|
Effect of foreign exchange rates on cash, cash equivalents and restricted cash
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
Ìý4
|
Ìý
|
Ìý4
|
Ìý
|
|
Net increase (decrease) in cash, cash equivalents and restricted cash
|
Ìý
|
Ìý
|
328
|
Ìý
|
33
|
Ìý
|
114
|
Ìý
|
475
|
Ìý
|
|
Cash, cash equivalents and restricted cash at beginning of period
|
Ìý
|
Ìý
|
297
|
Ìý
|
107
|
Ìý
|
168
|
Ìý
|
572
|
Ìý
|
|
Cash, cash equivalents and restricted cash at end of period
|
Ìý
|
$
|
625
|
Ìý
|
140
|
Ìý
|
282
|
Ìý
|
1,047
|
Ìý
|
Ìý
STATEMENT OF CASH FLOWS INFORMATION
DecemberÌý31, 2016
(unaudited)
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Liberty
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
SiriusXM
|
Ìý
|
Braves
|
Ìý
|
Formula One
|
Ìý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Liberty
|
Ìý
|
|
Ìý
|
Ìý
|
amountsÌýinÌýmillions
|
Ìý
|
|
Cash flows from operating activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
$
|
657
|
Ìý
|
(62)
|
Ìý
|
329
|
Ìý
|
924
|
Ìý
|
|
Adjustments to reconcile net earnings to net cash provided by operating activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
312
|
Ìý
|
32
|
Ìý
|
10
|
Ìý
|
354
|
Ìý
|
|
Stock-based compensation
|
Ìý
|
Ìý
|
128
|
Ìý
|
Ìý9
|
Ìý
|
13
|
Ìý
|
150
|
Ìý
|
|
Share of (earnings) loss of affiliates, net
|
Ìý
|
Ìý
|
(13)
|
Ìý
|
(9)
|
Ìý
|
Ìý8
|
Ìý
|
(14)
|
Ìý
|
|
Unrealized (gains) losses on intergroup interest, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
27
|
Ìý
|
(27)
|
Ìý
|
Ìý—
|
Ìý
|
|
Realized and unrealized (gains) losses on financial instruments, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(1)
|
Ìý
|
(36)
|
Ìý
|
(37)
|
Ìý
|
|
Noncash interest expense
|
Ìý
|
Ìý
|
Ìý6
|
Ìý
|
Ìý5
|
Ìý
|
Ìý—
|
Ìý
|
11
|
Ìý
|
|
Loss on early extinguishment of debt
|
Ìý
|
Ìý
|
24
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
24
|
Ìý
|
|
Deferred income tax expense (benefit)
|
Ìý
|
Ìý
|
332
|
Ìý
|
Ìý1
|
Ìý
|
94
|
Ìý
|
427
|
Ìý
|
|
Intergroup tax allocation
|
Ìý
|
Ìý
|
(13)
|
Ìý
|
(19)
|
Ìý
|
32
|
Ìý
|
Ìý—
|
Ìý
|
|
Intergroup tax (payments) receipts
|
Ìý
|
Ìý
|
Ìý7
|
Ìý
|
Ìý7
|
Ìý
|
(14)
|
Ìý
|
Ìý—
|
Ìý
|
|
Other charges (credits), net
|
Ìý
|
Ìý
|
21
|
Ìý
|
11
|
Ìý
|
(2)
|
Ìý
|
30
|
Ìý
|
|
Changes in operating assets and liabilities
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current and other assets
|
Ìý
|
Ìý
|
59
|
Ìý
|
(17)
|
Ìý
|
(17)
|
Ìý
|
25
|
Ìý
|
|
Payables and other liabilities
|
Ìý
|
Ìý
|
184
|
Ìý
|
105
|
Ìý
|
(12)
|
Ìý
|
277
|
Ìý
|
|
Net cash provided (used) by operating activities
|
Ìý
|
Ìý
|
1,704
|
Ìý
|
89
|
Ìý
|
378
|
Ìý
|
2,171
|
Ìý
|
|
Cash flows from investing activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cash proceeds from dispositions of investments
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
62
|
Ìý
|
62
|
Ìý
|
|
Investments in equity method affiliates and debt and equity securities
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(20)
|
Ìý
|
(764)
|
Ìý
|
(784)
|
Ìý
|
|
Repayment of loans and other cash receipts from equity method affiliates and debt and equity securities
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
48
|
Ìý
|
48
|
Ìý
|
|
Capital expended for property and equipment
|
Ìý
|
Ìý
|
(206)
|
Ìý
|
(360)
|
Ìý
|
(2)
|
Ìý
|
(568)
|
Ìý
|
|
Purchases of short term investments and other marketable securities
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(258)
|
Ìý
|
(258)
|
Ìý
|
|
Sales of short term investments and other marketable securities
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
273
|
Ìý
|
273
|
Ìý
|
|
Other investing activities, net
|
Ìý
|
Ìý
|
(4)
|
Ìý
|
(33)
|
Ìý
|
Ìý—
|
Ìý
|
(37)
|
Ìý
|
|
Net cash provided (used) by investing activities
|
Ìý
|
Ìý
|
(210)
|
Ìý
|
(413)
|
Ìý
|
(641)
|
Ìý
|
(1,264)
|
Ìý
|
|
Cash flows from financing activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Borrowings of debt
|
Ìý
|
Ìý
|
1,847
|
Ìý
|
460
|
Ìý
|
438
|
Ìý
|
2,745
|
Ìý
|
|
Repayments of debt
|
Ìý
|
Ìý
|
(1,471)
|
Ìý
|
(276)
|
Ìý
|
(2)
|
Ìý
|
(1,749)
|
Ìý
|
|
Intergroup (payments) receipts
|
Ìý
|
Ìý
|
58
|
Ìý
|
16
|
Ìý
|
(74)
|
Ìý
|
Ìý—
|
Ìý
|
|
Subsidiary shares repurchased by subsidiary
|
Ìý
|
Ìý
|
(1,674)
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(1,674)
|
Ìý
|
|
Braves Rights Offering
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
203
|
Ìý
|
Ìý—
|
Ìý
|
203
|
Ìý
|
|
Cash dividends paid by subsidiary
|
Ìý
|
Ìý
|
(16)
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(16)
|
Ìý
|
|
Taxes paid in lieu of shares issued for stock-based compensation
|
Ìý
|
Ìý
|
(47)
|
Ìý
|
Ìý—
|
Ìý
|
(11)
|
Ìý
|
(58)
|
Ìý
|
|
Other financing activities, net
|
Ìý
|
Ìý
|
(16)
|
Ìý
|
15
|
Ìý
|
Ìý4
|
Ìý
|
Ìý3
|
Ìý
|
|
Net cash provided (used) by financing activities
|
Ìý
|
Ìý
|
(1,319)
|
Ìý
|
418
|
Ìý
|
355
|
Ìý
|
(546)
|
Ìý
|
|
Net increase (decrease) in cash, cash equivalents and restricted cash
|
Ìý
|
Ìý
|
175
|
Ìý
|
94
|
Ìý
|
92
|
Ìý
|
361
|
Ìý
|
|
Cash, cash equivalents and restricted cash at beginning of period
|
Ìý
|
Ìý
|
122
|
Ìý
|
13
|
Ìý
|
76
|
Ìý
|
211
|
Ìý
|
|
Cash, cash equivalents and restricted cash at end of period
|
Ìý
|
$
|
297
|
Ìý
|
107
|
Ìý
|
168
|
Ìý
|
572
|
Ìý
|
Ìý
|