jvidÊÓƵ

Quarterly report pursuant to Section 13 or 15(d)

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

v3.19.2
Financial Information for Tracking Stock Groups - Cash Flows (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities: Ìý Ìý Ìý Ìý
Net earnings (loss) $ 192 $ 255 $ 65 $ 468
Adjustments to reconcile net earnings to net cash provided by operating activities: Ìý Ìý Ìý Ìý
Depreciation and amortization 271 231 519 447
Stock-based compensation Ìý Ìý 162 99
Share of (earnings) loss of affiliates, net (34) (22) (14) (14)
Realized and unrealized (gains) losses on financial instruments, net 87 (58) 185 (211)
Noncash interest expense (benefit) Ìý Ìý 3 (6)
Deferred income tax expense (benefit) Ìý Ìý 115 72
Other charges (credits), net Ìý Ìý Ìý 16
Changes in operating assets and liabilities Ìý Ìý Ìý Ìý
Current and other assets Ìý Ìý (83) (99)
Payables and other liabilities Ìý Ìý 220 496
Net cash provided (used) by operating activities Ìý Ìý 1,172 1,268
Cash flows from investing activities: Ìý Ìý Ìý Ìý
Investments in equity method affiliates and debt and equity securities Ìý Ìý (20) (399)
Cash proceeds from sale of investments Ìý Ìý 373 243
Cash received from Pandora acquisition Ìý Ìý 313 Ìý
Capital expended for property and equipment Ìý Ìý (221) (191)
Sales of short term investments and other marketable securities Ìý Ìý 72 Ìý
Other investing activities, net Ìý Ìý (5) 47
Net cash provided (used) by investing activities Ìý Ìý 512 (300)
Cash flows from financing activities: Ìý Ìý Ìý Ìý
Borrowings of debt Ìý Ìý 2,879 1,583
Repayments of debt Ìý Ìý (2,387) (2,418)
Series C Liberty SiriusXM stock repurchases Ìý Ìý (306) (218)
Subsidiary shares repurchased by subsidiary Ìý Ìý (1,474) (334)
Cash dividends paid by subsidiary Ìý Ìý (36) (29)
Taxes paid in lieu of shares issued for stock-based compensation Ìý Ìý (57) (81)
Other financing activities, net Ìý Ìý (4) 46
Net cash provided (used) by financing activities Ìý Ìý (1,385) (1,451)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash Ìý Ìý Ìý (1)
Net increase (decrease) in cash, cash equivalents and restricted cash Ìý Ìý 299 (484)
Cash, cash equivalents and restricted cash at beginning of period Ìý Ìý 452 1,047
Cash, cash equivalents and restricted cash at end of period 751 563 751 563
Liberty Sirius XM Group Ìý Ìý Ìý Ìý
Cash flows from operating activities: Ìý Ìý Ìý Ìý
Net earnings (loss) 243 248 335 530
Adjustments to reconcile net earnings to net cash provided by operating activities: Ìý Ìý Ìý Ìý
Depreciation and amortization 136 92 261 181
Stock-based compensation Ìý Ìý 138 82
Share of (earnings) loss of affiliates, net 7 1 11 Ìý
Realized and unrealized (gains) losses on financial instruments, net (15) (62) (16) (120)
Noncash interest expense (benefit) Ìý Ìý 2 (8)
Deferred income tax expense (benefit) Ìý Ìý 178 123
Intergroup tax allocation Ìý Ìý (1) 1
Intergroup tax (payments) receipts Ìý Ìý (2) Ìý
Other charges (credits), net Ìý Ìý 2 Ìý
Changes in operating assets and liabilities Ìý Ìý Ìý Ìý
Current and other assets Ìý Ìý (14) 1
Payables and other liabilities Ìý Ìý 15 163
Net cash provided (used) by operating activities Ìý Ìý 909 953
Cash flows from investing activities: Ìý Ìý Ìý Ìý
Investments in equity method affiliates and debt and equity securities Ìý Ìý (9) (395)
Cash proceeds from sale of investments Ìý Ìý 373 Ìý
Cash received from Pandora acquisition Ìý Ìý 313 Ìý
Capital expended for property and equipment Ìý Ìý (160) (174)
Sales of short term investments and other marketable securities Ìý Ìý 72 Ìý
Other investing activities, net Ìý Ìý (1) 3
Net cash provided (used) by investing activities Ìý Ìý 588 (566)
Cash flows from financing activities: Ìý Ìý Ìý Ìý
Borrowings of debt Ìý Ìý 2,878 1,171
Repayments of debt Ìý Ìý (2,360) (1,388)
Series C Liberty SiriusXM stock repurchases Ìý Ìý (306) (218)
Subsidiary shares repurchased by subsidiary Ìý Ìý (1,474) (334)
Cash dividends paid by subsidiary Ìý Ìý (36) (29)
Taxes paid in lieu of shares issued for stock-based compensation Ìý Ìý (50) (79)
Other financing activities, net Ìý Ìý (3) 50
Net cash provided (used) by financing activities Ìý Ìý (1,351) (827)
Net increase (decrease) in cash, cash equivalents and restricted cash Ìý Ìý 146 (440)
Cash, cash equivalents and restricted cash at beginning of period Ìý Ìý 102 625
Cash, cash equivalents and restricted cash at end of period 248 185 248 185
Braves Group Ìý Ìý Ìý Ìý
Cash flows from operating activities: Ìý Ìý Ìý Ìý
Net earnings (loss) 26 (3) (45) (55)
Adjustments to reconcile net earnings to net cash provided by operating activities: Ìý Ìý Ìý Ìý
Depreciation and amortization 21 23 34 39
Stock-based compensation Ìý Ìý 9 5
Share of (earnings) loss of affiliates, net (7) (3) (9) (6)
Unrealized gains losses on intergroup interest 2 28 28 33
Realized and unrealized (gains) losses on financial instruments, net 2 Ìý 4 Ìý
Noncash interest expense (benefit) Ìý Ìý Ìý 2
Deferred income tax expense (benefit) Ìý Ìý Ìý (2)
Intergroup tax allocation Ìý Ìý (6) 3
Intergroup tax (payments) receipts Ìý Ìý 22 Ìý
Other charges (credits), net Ìý Ìý 5 14
Changes in operating assets and liabilities Ìý Ìý Ìý Ìý
Current and other assets Ìý Ìý (34) (3)
Payables and other liabilities Ìý Ìý 56 37
Net cash provided (used) by operating activities Ìý Ìý 64 67
Cash flows from investing activities: Ìý Ìý Ìý Ìý
Investments in equity method affiliates and debt and equity securities Ìý Ìý (5) Ìý
Capital expended for property and equipment Ìý Ìý (50) (14)
Other investing activities, net Ìý Ìý Ìý 36
Net cash provided (used) by investing activities Ìý Ìý (55) 22
Cash flows from financing activities: Ìý Ìý Ìý Ìý
Borrowings of debt Ìý Ìý 1 123
Repayments of debt Ìý Ìý (24) (180)
Other financing activities, net Ìý Ìý (7) Ìý
Net cash provided (used) by financing activities Ìý Ìý (30) (57)
Net increase (decrease) in cash, cash equivalents and restricted cash Ìý Ìý (21) 32
Cash, cash equivalents and restricted cash at beginning of period Ìý Ìý 190 140
Cash, cash equivalents and restricted cash at end of period 169 172 169 172
Formula One Group Ìý Ìý Ìý Ìý
Cash flows from operating activities: Ìý Ìý Ìý Ìý
Net earnings (loss) (77) 10 (225) (7)
Adjustments to reconcile net earnings to net cash provided by operating activities: Ìý Ìý Ìý Ìý
Depreciation and amortization 114 116 224 227
Stock-based compensation Ìý Ìý 15 12
Share of (earnings) loss of affiliates, net (34) (20) (16) (8)
Unrealized gains losses on intergroup interest (2) (28) (28) (33)
Realized and unrealized (gains) losses on financial instruments, net 100 4 197 (91)
Noncash interest expense (benefit) Ìý Ìý 1 Ìý
Deferred income tax expense (benefit) Ìý Ìý (63) (49)
Intergroup tax allocation Ìý Ìý 7 (4)
Intergroup tax (payments) receipts Ìý Ìý (20) Ìý
Other charges (credits), net Ìý Ìý (7) 2
Changes in operating assets and liabilities Ìý Ìý Ìý Ìý
Current and other assets Ìý Ìý (35) (97)
Payables and other liabilities Ìý Ìý 149 296
Net cash provided (used) by operating activities Ìý Ìý 199 248
Cash flows from investing activities: Ìý Ìý Ìý Ìý
Investments in equity method affiliates and debt and equity securities Ìý Ìý (6) (4)
Cash proceeds from sale of investments Ìý Ìý Ìý 243
Capital expended for property and equipment Ìý Ìý (11) (3)
Other investing activities, net Ìý Ìý (4) 8
Net cash provided (used) by investing activities Ìý Ìý (21) 244
Cash flows from financing activities: Ìý Ìý Ìý Ìý
Borrowings of debt Ìý Ìý Ìý 289
Repayments of debt Ìý Ìý (3) (850)
Taxes paid in lieu of shares issued for stock-based compensation Ìý Ìý (7) (2)
Other financing activities, net Ìý Ìý 6 (4)
Net cash provided (used) by financing activities Ìý Ìý (4) (567)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash Ìý Ìý Ìý (1)
Net increase (decrease) in cash, cash equivalents and restricted cash Ìý Ìý 174 (76)
Cash, cash equivalents and restricted cash at beginning of period Ìý Ìý 160 282
Cash, cash equivalents and restricted cash at end of period $ 334 $ 206 $ 334 $ 206