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Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.2
Financial Information for Tracking Stock Groups - Cash Flows (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities: Ìý Ìý Ìý Ìý
Net earnings (loss) $ 303 $ 674 $ 355 $ 970
Adjustments to reconcile net earnings to net cash provided by operating activities: Ìý Ìý Ìý Ìý
Depreciation and amortization 257 262 517 522
Stock-based compensation Ìý Ìý 110 112
Non-cash impairment and restructuring costs Ìý Ìý 21 Ìý
Share of (earnings) loss of affiliates, net (90) (61) (80) (47)
Realized and unrealized (gains) losses on financial instruments, net 96 (380) 142 (439)
Deferred income tax expense (benefit) Ìý Ìý (35) 181
Other charges (credits), net Ìý Ìý (8) (34)
Changes in operating assets and liabilities Ìý Ìý Ìý Ìý
Current and other assets Ìý Ìý (95) (114)
Payables and other liabilities Ìý Ìý 271 70
Net cash provided (used) by operating activities Ìý Ìý 1,198 1,221
Cash flows from investing activities: Ìý Ìý Ìý Ìý
Investments in equity method affiliates and debt and equity securities Ìý Ìý (214) (9)
Cash proceeds from dispositions Ìý Ìý 67 148
Cash (paid) received for acquisitions, net of cash acquired Ìý Ìý Ìý (137)
Capital expended for property and equipment, including internal-use software and website development Ìý Ìý (544) (455)
Other investing activities, net Ìý Ìý (20) 78
Net cash provided (used) by investing activities Ìý Ìý (711) (375)
Cash flows from financing activities: Ìý Ìý Ìý Ìý
Borrowings of debt Ìý Ìý 2,064 2,674
Repayments of debt Ìý Ìý (2,641) (2,701)
Liberty stock repurchases Ìý Ìý Ìý (356)
Subsidiary shares repurchased by subsidiary Ìý Ìý (199) (415)
Cash dividends paid by subsidiary Ìý Ìý (33) (217)
Taxes paid in lieu of shares issued for stock-based compensation Ìý Ìý (28) (45)
Other financing activities, net Ìý Ìý 63 17
Net cash provided (used) by financing activities Ìý Ìý (774) (1,043)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash Ìý Ìý 2 (8)
Net increase (decrease) in cash, cash equivalents and restricted cash Ìý Ìý (285) (205)
Cash, cash equivalents and restricted cash at beginning of period Ìý Ìý 2,276 2,924
Cash, cash equivalents and restricted cash at end of period 1,991 2,719 1,991 2,719
Liberty SiriusXM Group Ìý Ìý Ìý Ìý
Cash flows from operating activities: Ìý Ìý Ìý Ìý
Net earnings (loss) 217 498 437 842
Adjustments to reconcile net earnings to net cash provided by operating activities: Ìý Ìý Ìý Ìý
Depreciation and amortization 154 152 315 304
Stock-based compensation Ìý Ìý 94 99
Non-cash impairment and restructuring costs Ìý Ìý 21 Ìý
Share of (earnings) loss of affiliates, net (79) (54) (72) (36)
Unrealized (gains) losses on intergroup interests, net (10) 35 (64) 15
Realized and unrealized (gains) losses on financial instruments, net 164 (296) 162 (357)
Deferred income tax expense (benefit) Ìý Ìý (33) 161
Intergroup tax allocation Ìý Ìý 86 65
Intergroup tax (payments) receipts Ìý Ìý (33) (42)
Other charges (credits), net Ìý Ìý (12) (13)
Changes in operating assets and liabilities Ìý Ìý Ìý Ìý
Current and other assets Ìý Ìý 1 11
Payables and other liabilities Ìý Ìý (48) (162)
Net cash provided (used) by operating activities Ìý Ìý 854 887
Cash flows from investing activities: Ìý Ìý Ìý Ìý
Investments in equity method affiliates and debt and equity securities Ìý Ìý (41) (1)
Cash proceeds from dispositions Ìý Ìý (1) 50
Cash (paid) received for acquisitions, net of cash acquired Ìý Ìý Ìý (137)
Capital expended for property and equipment, including internal-use software and website development Ìý Ìý (334) (196)
Other investing activities, net Ìý Ìý (1) 4
Net cash provided (used) by investing activities Ìý Ìý (377) (280)
Cash flows from financing activities: Ìý Ìý Ìý Ìý
Borrowings of debt Ìý Ìý 2,048 2,634
Repayments of debt Ìý Ìý (2,563) (2,320)
Intergroup loan (repayment) borrowing Ìý Ìý 202 Ìý
Liberty stock repurchases Ìý Ìý Ìý (319)
Subsidiary shares repurchased by subsidiary Ìý Ìý (199) (415)
Cash dividends paid by subsidiary Ìý Ìý (33) (217)
Taxes paid in lieu of shares issued for stock-based compensation Ìý Ìý (19) (71)
Other financing activities, net Ìý Ìý 36 (3)
Net cash provided (used) by financing activities Ìý Ìý (528) (711)
Net increase (decrease) in cash, cash equivalents and restricted cash Ìý Ìý (51) (104)
Cash, cash equivalents and restricted cash at beginning of period Ìý Ìý 370 606
Cash, cash equivalents and restricted cash at end of period 319 502 319 502
Braves Group Ìý Ìý Ìý Ìý
Cash flows from operating activities: Ìý Ìý Ìý Ìý
Net earnings (loss) (29) 64 (88) 51
Adjustments to reconcile net earnings to net cash provided by operating activities: Ìý Ìý Ìý Ìý
Depreciation and amortization 19 17 34 35
Stock-based compensation Ìý Ìý 6 6
Share of (earnings) loss of affiliates, net (12) (8) (11) (12)
Unrealized (gains) losses on intergroup interests, net 50 (35) 63 (36)
Realized and unrealized (gains) losses on financial instruments, net (4) (1) (3) (6)
Deferred income tax expense (benefit) Ìý Ìý (3) (6)
Intergroup tax allocation Ìý Ìý (2) 13
Intergroup tax (payments) receipts Ìý Ìý (3) 9
Other charges (credits), net Ìý Ìý 4 (11)
Changes in operating assets and liabilities Ìý Ìý Ìý Ìý
Current and other assets Ìý Ìý (5) (8)
Payables and other liabilities Ìý Ìý 44 65
Net cash provided (used) by operating activities Ìý Ìý 36 100
Cash flows from investing activities: Ìý Ìý Ìý Ìý
Investments in equity method affiliates and debt and equity securities Ìý Ìý Ìý (5)
Cash proceeds from dispositions Ìý Ìý Ìý 47
Capital expended for property and equipment, including internal-use software and website development Ìý Ìý (30) (8)
Net cash provided (used) by investing activities Ìý Ìý (30) 34
Cash flows from financing activities: Ìý Ìý Ìý Ìý
Borrowings of debt Ìý Ìý 16 40
Repayments of debt Ìý Ìý (19) (138)
Taxes paid in lieu of shares issued for stock-based compensation Ìý Ìý (1) Ìý
Other financing activities, net Ìý Ìý 8 (7)
Net cash provided (used) by financing activities Ìý Ìý 4 (105)
Net increase (decrease) in cash, cash equivalents and restricted cash Ìý Ìý 10 29
Cash, cash equivalents and restricted cash at beginning of period Ìý Ìý 173 244
Cash, cash equivalents and restricted cash at end of period 183 273 183 273
Formula One Group Ìý Ìý Ìý Ìý
Cash flows from operating activities: Ìý Ìý Ìý Ìý
Net earnings (loss) 115 112 6 77
Adjustments to reconcile net earnings to net cash provided by operating activities: Ìý Ìý Ìý Ìý
Depreciation and amortization 84 93 168 183
Stock-based compensation Ìý Ìý 10 7
Share of (earnings) loss of affiliates, net 1 1 3 1
Unrealized (gains) losses on intergroup interests, net (40) Ìý 1 21
Realized and unrealized (gains) losses on financial instruments, net (64) (83) (17) (76)
Deferred income tax expense (benefit) Ìý Ìý 1 26
Intergroup tax allocation Ìý Ìý (84) (78)
Intergroup tax (payments) receipts Ìý Ìý 36 33
Other charges (credits), net Ìý Ìý Ìý (10)
Changes in operating assets and liabilities Ìý Ìý Ìý Ìý
Current and other assets Ìý Ìý (91) (117)
Payables and other liabilities Ìý Ìý 275 167
Net cash provided (used) by operating activities Ìý Ìý 308 234
Cash flows from investing activities: Ìý Ìý Ìý Ìý
Investments in equity method affiliates and debt and equity securities Ìý Ìý (173) (3)
Cash proceeds from dispositions Ìý Ìý 68 51
Capital expended for property and equipment, including internal-use software and website development Ìý Ìý (180) (251)
Other investing activities, net Ìý Ìý (19) 74
Net cash provided (used) by investing activities Ìý Ìý (304) (129)
Cash flows from financing activities: Ìý Ìý Ìý Ìý
Repayments of debt Ìý Ìý (59) (243)
Intergroup loan (repayment) borrowing (202) Ìý (202) Ìý
Liberty stock repurchases Ìý Ìý Ìý (37)
Taxes paid in lieu of shares issued for stock-based compensation Ìý Ìý (8) 26
Other financing activities, net Ìý Ìý 19 27
Net cash provided (used) by financing activities Ìý Ìý (250) (227)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash Ìý Ìý 2 (8)
Net increase (decrease) in cash, cash equivalents and restricted cash Ìý Ìý (244) (130)
Cash, cash equivalents and restricted cash at beginning of period Ìý Ìý 1,733 2,074
Cash, cash equivalents and restricted cash at end of period $ 1,489 $ 1,944 $ 1,489 $ 1,944