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Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

v3.8.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities: Ìý Ìý Ìý
Net earnings (loss) $ 1,890 $ 924 $ 248
Adjustments to reconcile net earnings to net cash provided by operating activities: Ìý Ìý Ìý
Depreciation and amortization 824 354 362
Stock-based compensation 230 150 204
Share of (earnings) loss of affiliates, net (104) (14) 40
Realized and unrealized (gains) losses on financial instruments, net 88 (37) 140
Noncash interest expense 16 11 6
Losses (gains) on dilution of investment in affiliate (3) Ìý 1
Loss on early extinguishment of debt 48 24 Ìý
Deferred income tax expense (benefit) (1,064) 427 175
Other, net 4 30 19
Changes in operating assets and liabilities Ìý Ìý Ìý
Current and other assets 50 25 (208)
Payables and other current liabilities (247) 277 245
Net cash provided (used) by operating activities 1,732 2,171 1,232
Cash flows from investing activities: Ìý Ìý Ìý
Investments in and loans to cost and equity investees (862) (784) (19)
Cash proceeds from sale of investments 21 62 175
Proceeds (payments) from settlement of financial instruments, net Ìý (1) (322)
Repayment of loans and other cash receipts from cost and equity investees Ìý 48 Ìý
Net cash paid for the acquisition of Formula 1 (1,647) Ìý Ìý
Capital expended for property and equipment (517) (568) (296)
Purchases of short term investments and other marketable securities Ìý (258) (174)
Sales of short term investments and other marketable securities Ìý 273 358
Other investing activities, net (132) (36) (8)
Net cash provided (used) by investing activities (3,137) (1,264) (286)
Cash flows from financing activities: Ìý Ìý Ìý
Borrowings of debt 6,697 2,745 2,213
Repayments of debt (5,107) (1,749) (1,196)
Proceeds from Issuance of Series C Liberty Formula One Common Stock 1,938 Ìý Ìý
Repurchases of Liberty common stock Ìý Ìý (350)
Proceeds from Liberty Braves common stock rights offering Ìý 203 Ìý
Shares repurchased by subsidiary (1,409) (1,674) (2,018)
Cash dividends paid by subsidiary (60) (16) Ìý
Taxes paid in lieu of shares issued for stock-based compensation (135) (58) (80)
Other financing activities, net (56) 3 5
Net cash provided (used) by financing activities 1,868 (546) (1,426)
Effect of Exchange Rate on Cash and Cash Equivalents 4 Ìý Ìý
Net increase (decrease) in cash and cash equivalents 467 361 (480)
Cash and cash equivalents at beginning of period 562 201 681
Cash and cash equivalents at end of period $ 1,029 $ 562 $ 201