| Condensed Balance Sheet |
BALANCE SHEET INFORMATION
March 31, 2020
(unaudited)
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Attributed (note 1) |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Liberty |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
SiriusXM |
​ |
Braves |
​ |
Formula One |
​ |
Inter-Group |
​ |
Consolidated |
​ |
​ |
ÌýÌýÌýÌý |
Group |
​ |
Group |
​ |
Group |
​ |
Eliminations |
​ |
Liberty |
ÌýÌýÌýÌý |
​ |
​ |
²¹³¾´Ç³Ü²Ô³Ù²õÌý¾±²ÔÌý³¾¾±±ô±ô¾±´Ç²Ô²õ |
​ |
Assets |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Current assets: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Cash and cash equivalents |
​ |
$ |
386 |
​ |
321 |
​ |
1,094 |
​ |
— |
​ |
1,801 |
Ìý |
Trade and other receivables, net |
​ |
Ìý |
604 |
​ |
30 |
​ |
66 |
​ |
— |
​ |
700 |
Ìý |
Other current assets |
​ |
Ìý |
239 |
​ |
26 |
​ |
223 |
​ |
— |
​ |
488 |
Ìý |
Total current assets |
​ |
Ìý |
1,229 |
​ |
377 |
​ |
1,383 |
​ |
— |
​ |
2,989 |
Ìý |
Intergroup interests (note 1) |
​ |
​ |
— |
​ |
— |
​ |
235 |
​ |
(235) |
​ |
— |
​ |
Investments in affiliates, accounted for using the equity method (noteÌý1) |
​ |
Ìý |
670 |
​ |
101 |
​ |
671 |
​ |
— |
​ |
1,442 |
Ìý |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Property and equipment, at cost |
​ |
Ìý |
2,689 |
​ |
945 |
​ |
169 |
​ |
— |
​ |
3,803 |
Ìý |
Accumulated depreciation |
​ |
Ìý |
(1,359) |
​ |
(141) |
​ |
(58) |
​ |
— |
​ |
(1,558) |
Ìý |
​ |
​ |
Ìý |
1,330 |
​ |
804 |
​ |
111 |
​ |
— |
​ |
2,245 |
Ìý |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Intangible assets not subject to amortization |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Goodwill |
​ |
Ìý |
15,803 |
​ |
180 |
​ |
3,956 |
​ |
— |
​ |
19,939 |
Ìý |
FCC licenses |
​ |
Ìý |
8,600 |
​ |
— |
​ |
— |
​ |
— |
​ |
8,600 |
Ìý |
Other |
​ |
Ìý |
1,262 |
​ |
143 |
​ |
— |
​ |
— |
​ |
1,405 |
Ìý |
​ |
​ |
Ìý |
25,665 |
​ |
323 |
​ |
3,956 |
​ |
— |
​ |
29,944 |
Ìý |
Intangible assets subject to amortization, net |
​ |
Ìý |
1,555 |
​ |
33 |
​ |
4,202 |
​ |
— |
​ |
5,790 |
Ìý |
Other assets |
​ |
Ìý |
659 |
​ |
77 |
​ |
804 |
​ |
(32) |
​ |
1,508 |
Ìý |
Total assets |
​ |
$ |
31,108 |
​ |
1,715 |
​ |
11,362 |
​ |
(267) |
​ |
43,918 |
Ìý |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Liabilities and Equity |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Current liabilities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Intergroup payable (receivable) (note 3) |
​ |
$ |
(19) |
​ |
(13) |
​ |
32 |
​ |
— |
​ |
— |
​ |
Accounts payable and accrued liabilities |
​ |
​ |
1,107 |
Ìý |
51 |
​ |
150 |
​ |
— |
​ |
1,308 |
​ |
Current portion of debt |
​ |
​ |
1 |
​ |
114 |
​ |
475 |
​ |
— |
​ |
590 |
​ |
Deferred revenue |
​ |
Ìý |
1,923 |
Ìý |
108 |
​ |
554 |
​ |
— |
​ |
2,585 |
​ |
Other current liabilities |
​ |
Ìý |
75 |
Ìý |
5 |
​ |
21 |
​ |
— |
​ |
101 |
​ |
Total current liabilities |
​ |
Ìý |
3,087 |
Ìý |
265 |
​ |
1,232 |
​ |
— |
​ |
4,584 |
​ |
Long-term debt (note 1) |
​ |
Ìý |
9,070 |
Ìý |
580 |
​ |
4,903 |
​ |
— |
​ |
14,553 |
​ |
Deferred income tax liabilities |
​ |
Ìý |
1,947 |
Ìý |
49 |
​ |
— |
​ |
(32) |
​ |
1,964 |
​ |
Redeemable intergroup interests (note 1) |
​ |
​ |
62 |
​ |
173 |
​ |
— |
​ |
(235) |
​ |
— |
​ |
Other liabilities |
​ |
Ìý |
665 |
Ìý |
221 |
​ |
229 |
​ |
— |
​ |
1,115 |
​ |
Total liabilities |
​ |
Ìý |
14,831 |
Ìý |
1,288 |
​ |
6,364 |
​ |
(267) |
​ |
22,216 |
​ |
Equity / Attributed net assets |
​ |
Ìý |
10,745 |
Ìý |
427 |
​ |
4,995 |
​ |
— |
​ |
16,167 |
​ |
Noncontrolling interests in equity of subsidiaries |
​ |
Ìý |
5,532 |
Ìý |
— |
​ |
3 |
​ |
— |
​ |
5,535 |
​ |
Total liabilities and equity |
​ |
$ |
31,108 |
Ìý |
1,715 |
​ |
11,362 |
​ |
(267) |
​ |
43,918 |
​ |
|
| Condensed Statement of Operations |
STATEMENT OF OPERATIONS INFORMATION
Three months ended March 31, 2020
(unaudited)
​
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
​ |
Attributed (note 1) |
​ |
​ |
​ |
​ |
​ |
Liberty |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
SiriusXM |
​ |
Braves |
​ |
Formula One |
​ |
Consolidated |
​ |
​ |
​ |
Group |
​ |
Group |
​ |
Group |
​ |
Liberty |
​ |
​ |
​ |
amounts in millions |
​ |
Revenue: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Holdings revenue |
​ |
$ |
1,952 |
Ìý |
— |
​ |
— |
​ |
1,952 |
​ |
Formula 1 revenue |
​ |
​ |
— |
​ |
— |
​ |
39 |
​ |
39 |
​ |
Other revenue |
​ |
Ìý |
— |
Ìý |
22 |
​ |
— |
​ |
22 |
​ |
Total revenue |
​ |
Ìý |
1,952 |
Ìý |
22 |
​ |
39 |
​ |
2,013 |
​ |
Operating costs and expenses, including stock-based compensation (note 2): |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Cost of services (exclusive of depreciation shown separately below): |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Revenue share and royalties |
​ |
Ìý |
570 |
Ìý |
— |
​ |
— |
​ |
570 |
​ |
Programming and content |
​ |
Ìý |
118 |
Ìý |
— |
​ |
— |
​ |
118 |
​ |
Customer service and billing |
​ |
Ìý |
118 |
Ìý |
— |
​ |
— |
​ |
118 |
​ |
Other |
​ |
Ìý |
44 |
Ìý |
— |
​ |
— |
​ |
44 |
​ |
Cost of Formula 1 revenue |
​ |
​ |
— |
​ |
— |
​ |
43 |
​ |
43 |
​ |
Subscriber acquisition costs |
​ |
Ìý |
99 |
Ìý |
— |
​ |
— |
​ |
99 |
​ |
Other operating expenses |
​ |
Ìý |
71 |
Ìý |
29 |
​ |
— |
​ |
100 |
​ |
Selling, general and administrative |
​ |
Ìý |
342 |
Ìý |
22 |
​ |
44 |
​ |
408 |
​ |
Depreciation and amortization |
​ |
Ìý |
148 |
Ìý |
15 |
​ |
104 |
​ |
267 |
​ |
​ |
​ |
Ìý |
1,510 |
Ìý |
66 |
​ |
191 |
​ |
1,767 |
​ |
Operating income (loss) |
​ |
Ìý |
442 |
Ìý |
(44) |
​ |
(152) |
​ |
246 |
​ |
Other income (expense): |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Interest expense |
​ |
Ìý |
(111) |
Ìý |
(7) |
​ |
(46) |
​ |
(164) |
​ |
Share of earnings (losses) of affiliates, net |
​ |
Ìý |
(2) |
Ìý |
4 |
​ |
(64) |
​ |
(62) |
​ |
Realized and unrealized gains (losses) on financial instruments, net |
​ |
Ìý |
(5) |
Ìý |
(9) |
​ |
15 |
​ |
1 |
​ |
Unrealized gains (losses) on intergroup interests (note 1) |
​ |
​ |
31 |
​ |
95 |
​ |
(126) |
​ |
— |
​ |
Other, net |
​ |
Ìý |
13 |
Ìý |
(1) |
​ |
5 |
​ |
17 |
​ |
​ |
​ |
Ìý |
(74) |
Ìý |
82 |
​ |
(216) |
​ |
(208) |
​ |
Earnings (loss) before income taxes |
​ |
Ìý |
368 |
Ìý |
38 |
​ |
(368) |
​ |
38 |
​ |
Income tax (expense) benefit |
​ |
Ìý |
(76) |
Ìý |
15 |
​ |
25 |
​ |
(36) |
​ |
Net earnings (loss) |
​ |
Ìý |
292 |
Ìý |
53 |
​ |
(343) |
​ |
2 |
​ |
Less net earnings (loss) attributable to the noncontrolling interests |
​ |
Ìý |
78 |
Ìý |
— |
​ |
— |
​ |
78 |
​ |
Net earnings (loss) attributable to Liberty stockholders |
​ |
$ |
214 |
Ìý |
53 |
​ |
(343) |
​ |
(76) |
​ |
​
STATEMENT OF OPERATIONS INFORMATION
Three months ended March 31, 2019
(unaudited)
​
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
​ |
Attributed (note 1) |
​ |
​ |
​ |
​ |
​ |
Liberty |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
SiriusXM |
​ |
Braves |
​ |
Formula One |
​ |
Consolidated |
​ |
​ |
​ |
Group |
​ |
Group |
​ |
Group |
​ |
Liberty |
​ |
​ |
​ |
amounts in millions |
​ |
Revenue: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Holdings revenue |
​ |
$ |
1,744 |
Ìý |
— |
​ |
— |
​ |
1,744 |
​ |
Formula 1 revenue |
​ |
​ |
— |
​ |
— |
​ |
246 |
​ |
246 |
​ |
Other revenue |
​ |
Ìý |
— |
Ìý |
22 |
​ |
— |
​ |
22 |
​ |
Total revenue |
​ |
Ìý |
1,744 |
Ìý |
22 |
​ |
246 |
​ |
2,012 |
​ |
Operating costs and expenses, including stock-based compensation (note 2): |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Cost of services (exclusive of depreciation shown separately below): |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Revenue share and royalties |
​ |
Ìý |
492 |
Ìý |
— |
​ |
— |
​ |
492 |
​ |
Programming and content |
​ |
Ìý |
106 |
Ìý |
— |
​ |
— |
​ |
106 |
​ |
Customer service and billing |
​ |
Ìý |
113 |
Ìý |
— |
​ |
— |
​ |
113 |
​ |
Other |
​ |
Ìý |
37 |
Ìý |
— |
​ |
— |
​ |
37 |
​ |
Cost of Formula 1 revenue |
​ |
​ |
— |
​ |
— |
​ |
148 |
​ |
148 |
​ |
Subscriber acquisition costs |
​ |
Ìý |
108 |
Ìý |
— |
​ |
— |
​ |
108 |
​ |
Other operating expenses |
​ |
Ìý |
54 |
Ìý |
31 |
​ |
— |
​ |
85 |
​ |
Selling, general and administrative |
​ |
Ìý |
326 |
Ìý |
27 |
​ |
46 |
​ |
399 |
​ |
Acquisition and other related costs |
​ |
​ |
76 |
Ìý |
— |
​ |
— |
​ |
76 |
​ |
Depreciation and amortization |
​ |
Ìý |
125 |
Ìý |
13 |
​ |
110 |
​ |
248 |
​ |
​ |
​ |
Ìý |
1,437 |
Ìý |
71 |
​ |
304 |
​ |
1,812 |
​ |
Operating income (loss) |
​ |
Ìý |
307 |
Ìý |
(49) |
​ |
(58) |
​ |
200 |
​ |
Other income (expense): |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Interest expense |
​ |
Ìý |
(102) |
Ìý |
(7) |
​ |
(50) |
​ |
(159) |
​ |
Share of earnings (losses) of affiliates, net |
​ |
Ìý |
(4) |
Ìý |
2 |
​ |
(18) |
​ |
(20) |
​ |
Realized and unrealized gains (losses) on financial instruments, net |
​ |
Ìý |
1 |
Ìý |
(2) |
​ |
(97) |
​ |
(98) |
​ |
Unrealized gains (losses) on intergroup interests (note 1) |
​ |
​ |
— |
​ |
(26) |
​ |
26 |
​ |
— |
​ |
Other, net |
​ |
Ìý |
3 |
Ìý |
— |
​ |
5 |
​ |
8 |
​ |
​ |
​ |
Ìý |
(102) |
Ìý |
(33) |
​ |
(134) |
​ |
(269) |
​ |
Earnings (loss) before income taxes |
​ |
Ìý |
205 |
Ìý |
(82) |
​ |
(192) |
​ |
(69) |
​ |
Income tax (expense) benefit |
​ |
Ìý |
(113) |
Ìý |
11 |
​ |
44 |
​ |
(58) |
​ |
Net earnings (loss) |
​ |
Ìý |
92 |
Ìý |
(71) |
​ |
(148) |
​ |
(127) |
​ |
Less net earnings (loss) attributable to the noncontrolling interests |
​ |
Ìý |
31 |
Ìý |
— |
​ |
— |
​ |
31 |
​ |
Net earnings (loss) attributable to Liberty stockholders |
​ |
$ |
61 |
Ìý |
(71) |
​ |
(148) |
​ |
(158) |
​ |
|
| Condensed Statement of Cash Flows |
STATEMENT OF CASH FLOWS INFORMATION
Three months ended March 31, 2020
(unaudited)
​
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Attributed (note 1) |
​ |
​ |
​ |
​ |
​ |
Liberty |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
SiriusXM |
​ |
Braves |
​ |
Formula One |
​ |
Consolidated |
​ |
​ |
​ |
Group |
​ |
Group |
​ |
Group |
​ |
Liberty |
​ |
​ |
​ |
²¹³¾´Ç³Ü²Ô³Ù²õÌý¾±²ÔÌý³¾¾±±ô±ô¾±´Ç²Ô²õ |
​ |
Cash flows from operating activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Net earnings (loss) |
​ |
$ |
292 |
Ìý |
53 |
​ |
(343) |
​ |
2 |
​ |
Adjustments to reconcile net earnings to net cash provided by operating activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Depreciation and amortization |
​ |
Ìý |
148 |
Ìý |
15 |
​ |
104 |
​ |
267 |
​ |
Stock-based compensation |
​ |
Ìý |
58 |
Ìý |
3 |
​ |
6 |
​ |
67 |
​ |
Share of (earnings) loss of affiliates, net |
​ |
Ìý |
2 |
Ìý |
(4) |
​ |
64 |
​ |
62 |
​ |
Unrealized (gains) losses on intergroup interest, net |
​ |
​ |
(31) |
​ |
(95) |
​ |
126 |
​ |
— |
​ |
Realized and unrealized (gains) losses on financial instruments, net |
​ |
Ìý |
5 |
Ìý |
9 |
​ |
(15) |
​ |
(1) |
​ |
Deferred income tax expense (benefit) |
​ |
Ìý |
67 |
Ìý |
(13) |
​ |
(15) |
​ |
39 |
​ |
Intergroup tax allocation |
​ |
​ |
1 |
​ |
(2) |
​ |
1 |
​ |
— |
​ |
Other charges (credits), net |
​ |
Ìý |
4 |
Ìý |
3 |
​ |
3 |
​ |
10 |
​ |
Changes in operating assets and liabilities |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Current and other assets |
​ |
Ìý |
72 |
Ìý |
19 |
​ |
(125) |
​ |
(34) |
​ |
Payables and other liabilities |
​ |
Ìý |
(214) |
Ìý |
29 |
​ |
330 |
​ |
145 |
​ |
Net cash provided (used) by operating activities |
​ |
Ìý |
404 |
Ìý |
17 |
​ |
136 |
​ |
557 |
​ |
Cash flows from investing activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Investments in equity method affiliates and debt and equity securities |
​ |
Ìý |
(81) |
Ìý |
— |
​ |
(1) |
​ |
(82) |
​ |
Return of investment in equity method affiliates |
​ |
​ |
— |
​ |
— |
​ |
105 |
​ |
105 |
​ |
Cash proceeds from sale of investments |
​ |
​ |
— |
​ |
— |
​ |
10 |
​ |
10 |
​ |
Capital expended for property and equipment, including internal-use software and website development |
​ |
Ìý |
(62) |
Ìý |
(24) |
​ |
(2) |
​ |
(88) |
​ |
Other investing activities, net |
​ |
Ìý |
(1) |
Ìý |
— |
​ |
(2) |
​ |
(3) |
​ |
Net cash provided (used) by investing activities |
​ |
Ìý |
(144) |
Ìý |
(24) |
​ |
110 |
​ |
(58) |
​ |
Cash flows from financing activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Borrowings of debt |
​ |
Ìý |
204 |
Ìý |
174 |
​ |
475 |
​ |
853 |
​ |
Repayments of debt |
​ |
Ìý |
(206) |
Ìý |
(35) |
​ |
(131) |
​ |
(372) |
​ |
Liberty SiriusXM stock repurchases |
​ |
​ |
(69) |
​ |
— |
​ |
(69) |
​ |
(138) |
​ |
Subsidiary shares repurchased by subsidiary |
​ |
Ìý |
(243) |
Ìý |
— |
​ |
— |
​ |
(243) |
​ |
Cash dividends paid by subsidiary |
​ |
​ |
(17) |
​ |
— |
​ |
— |
​ |
(17) |
​ |
Taxes paid in lieu of shares issued for stock-based compensation |
​ |
Ìý |
(36) |
Ìý |
— |
​ |
(2) |
​ |
(38) |
​ |
Other financing activities, net |
​ |
​ |
(2) |
​ |
(1) |
​ |
(4) |
​ |
(7) |
​ |
Net cash provided (used) by financing activities |
​ |
Ìý |
(369) |
Ìý |
138 |
​ |
269 |
​ |
38 |
​ |
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash |
​ |
​ |
— |
​ |
— |
​ |
(8) |
​ |
(8) |
​ |
Net increase (decrease) in cash, cash equivalents and restricted cash |
​ |
Ìý |
(109) |
Ìý |
131 |
​ |
507 |
​ |
529 |
​ |
Cash, cash equivalents and restricted cash at beginning of period |
​ |
Ìý |
507 |
Ìý |
212 |
​ |
587 |
​ |
1,306 |
​ |
Cash, cash equivalents and restricted cash at end of period |
​ |
$ |
398 |
Ìý |
343 |
​ |
1,094 |
​ |
1,835 |
​ |
​
STATEMENT OF CASH FLOWS INFORMATION
Three months ended March 31, 2019
(unaudited)
​
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Attributed (note 1) |
​ |
​ |
​ |
​ |
​ |
Liberty |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
SiriusXM |
​ |
Braves |
​ |
Formula One |
​ |
Consolidated |
​ |
​ |
​ |
Group |
​ |
Group |
​ |
Group |
​ |
Liberty |
​ |
​ |
​ |
²¹³¾´Ç³Ü²Ô³Ù²õÌý¾±²ÔÌý³¾¾±±ô±ô¾±´Ç²Ô²õ |
​ |
Cash flows from operating activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Net earnings (loss) |
​ |
$ |
92 |
Ìý |
(71) |
​ |
(148) |
​ |
(127) |
​ |
Adjustments to reconcile net earnings to net cash provided by operating activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Depreciation and amortization |
​ |
Ìý |
125 |
Ìý |
13 |
​ |
110 |
​ |
248 |
​ |
Stock-based compensation |
​ |
Ìý |
76 |
Ìý |
3 |
​ |
7 |
​ |
86 |
​ |
Share of (earnings) loss of affiliates, net |
​ |
Ìý |
4 |
Ìý |
(2) |
​ |
18 |
​ |
20 |
​ |
Unrealized (gains) losses on intergroup interest, net |
​ |
​ |
— |
​ |
26 |
​ |
(26) |
​ |
— |
​ |
Realized and unrealized (gains) losses on financial instruments, net |
​ |
Ìý |
(1) |
Ìý |
2 |
​ |
97 |
​ |
98 |
​ |
Deferred income tax expense (benefit) |
​ |
Ìý |
109 |
Ìý |
2 |
​ |
(57) |
​ |
54 |
​ |
Intergroup tax allocation |
​ |
​ |
1 |
​ |
(14) |
​ |
13 |
​ |
— |
​ |
Other charges (credits), net |
​ |
Ìý |
3 |
Ìý |
1 |
​ |
1 |
​ |
5 |
​ |
Changes in operating assets and liabilities |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Current and other assets |
​ |
Ìý |
(8) |
Ìý |
23 |
​ |
(34) |
​ |
(19) |
​ |
Payables and other liabilities |
​ |
Ìý |
(19) |
Ìý |
60 |
​ |
243 |
​ |
284 |
​ |
Net cash provided (used) by operating activities |
​ |
Ìý |
382 |
Ìý |
43 |
​ |
224 |
​ |
649 |
​ |
Cash flows from investing activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Investments in equity method affiliates and debt and equity securities |
​ |
Ìý |
(4) |
Ìý |
(5) |
​ |
(2) |
​ |
(11) |
​ |
Cash proceeds from sale of investments |
​ |
​ |
72 |
​ |
— |
​ |
— |
​ |
72 |
​ |
Cash (paid) received for acquisitions, net of cash acquired |
​ |
​ |
313 |
​ |
— |
​ |
— |
​ |
313 |
​ |
Capital expended for property and equipment, including internal-use software and website development |
​ |
Ìý |
(90) |
Ìý |
(15) |
​ |
(8) |
​ |
(113) |
​ |
Other investing activities, net |
​ |
Ìý |
(3) |
Ìý |
(4) |
​ |
— |
​ |
(7) |
​ |
Net cash provided (used) by investing activities |
​ |
Ìý |
288 |
Ìý |
(24) |
​ |
(10) |
​ |
254 |
​ |
Cash flows from financing activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Borrowings of debt |
​ |
Ìý |
913 |
Ìý |
— |
​ |
— |
​ |
913 |
​ |
Repayments of debt |
​ |
Ìý |
(725) |
Ìý |
(14) |
​ |
(2) |
​ |
(741) |
​ |
Liberty SiriusXM stock repurchases |
​ |
​ |
(222) |
​ |
— |
​ |
— |
​ |
(222) |
​ |
Subsidiary shares repurchased by subsidiary |
​ |
Ìý |
(576) |
Ìý |
— |
​ |
— |
​ |
(576) |
​ |
Cash dividends paid by subsidiary |
​ |
​ |
(19) |
​ |
— |
​ |
— |
​ |
(19) |
​ |
Taxes paid in lieu of shares issued for stock-based compensation |
​ |
Ìý |
(36) |
Ìý |
— |
​ |
(4) |
​ |
(40) |
​ |
Other financing activities, net |
​ |
​ |
2 |
​ |
(5) |
​ |
3 |
​ |
— |
​ |
Net cash provided (used) by financing activities |
​ |
Ìý |
(663) |
Ìý |
(19) |
​ |
(3) |
​ |
(685) |
​ |
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash |
​ |
​ |
— |
​ |
— |
​ |
1 |
​ |
1 |
​ |
Net increase (decrease) in cash, cash equivalents and restricted cash |
​ |
Ìý |
7 |
Ìý |
— |
​ |
212 |
​ |
219 |
​ |
Cash, cash equivalents and restricted cash at beginning of period |
​ |
Ìý |
102 |
Ìý |
190 |
​ |
160 |
​ |
452 |
​ |
Cash, cash equivalents and restricted cash at end of period |
​ |
$ |
109 |
Ìý |
190 |
​ |
372 |
​ |
671 |
​ |
|