Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net earnings (loss) $ 834 $ 461
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 681 615
Stock-based compensation 145 182
Share of (earnings) loss of affiliates, net (72) (167)
Realized and unrealized (gains) losses on financial instruments, net (180) 43
Noncash interest expense (benefit) (6) 9
Deferred income tax expense (benefit) 132 286
Other, net 13 42
Changes in operating assets and liabilities    
Current and other assets (119) 6
Payables and other current liabilities 207 (163)
Net cash provided (used) by operating activities 1,635 1,314
Cash flows from investing activities:    
Investments in equity method affiliates and debt and equity securities (403) (760)
Cash proceeds from sale of investments 244 20
Net cash paid for the acquisition of Formula 1   (1,647)
Capital expended for property and equipment (265) (407)
Other investing activities, net 42 (120)
Net cash provided (used) by investing activities (382) (2,914)
Cash flows from financing activities:    
Borrowings of debt 2,310 5,820
Repayments of debt (3,014) (4,819)
Proceeds from Issuance of Series C Liberty Formula One Common Stock   1,938
Series C Liberty SiriusXM stock repurchases (368)  
Shares repurchased by subsidiary (662) (996)
Cash dividends paid by subsidiary (44) (45)
Taxes paid in lieu of shares issued for stock-based compensation (122) (95)
Other financing activities, net 51 12
Net cash provided (used) by financing activities (1,849) 1,815
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash   7
Net increase (decrease) in cash, cash equivalents and restricted cash (596) 222
Cash, cash equivalents and restricted cash at beginning of period 1,047 572
Cash, cash equivalents and restricted cash at end of period 451 794
Liberty Sirius XM Group    
Cash flows from operating activities:    
Net earnings (loss) 813 648
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 274 270
Stock-based compensation 117 113
Share of (earnings) loss of affiliates, net 2 (32)
Realized and unrealized (gains) losses on financial instruments, net (69) (62)
Noncash interest expense (benefit) (9) 4
Deferred income tax expense (benefit) 159 321
Other, net 2 36
Changes in operating assets and liabilities    
Current and other assets (33) 19
Payables and other current liabilities 14 1
Net cash provided (used) by operating activities 1,291 1,311
Cash flows from investing activities:    
Investments in equity method affiliates and debt and equity securities (397) (750)
Capital expended for property and equipment (239) (207)
Other investing activities, net 4 (115)
Net cash provided (used) by investing activities (632) (1,072)
Cash flows from financing activities:    
Borrowings of debt 1,899 3,933
Repayments of debt (1,902) (3,103)
Series C Liberty SiriusXM stock repurchases (368)  
Shares repurchased by subsidiary (662) (996)
Cash dividends paid by subsidiary (44) (45)
Taxes paid in lieu of shares issued for stock-based compensation (120) (91)
Other financing activities, net 50 11
Net cash provided (used) by financing activities (1,147) (291)
Net increase (decrease) in cash, cash equivalents and restricted cash (488) (52)
Cash, cash equivalents and restricted cash at beginning of period 625 297
Cash, cash equivalents and restricted cash at end of period 137 245
Braves Group    
Cash flows from operating activities:    
Net earnings (loss) (14) (29)
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 62 50
Stock-based compensation 9 41
Share of (earnings) loss of affiliates, net (8) (72)
Realized and unrealized (gains) losses on financial instruments, net (1)  
Noncash interest expense (benefit) 4 1
Deferred income tax expense (benefit) 3 28
Other, net 9  
Changes in operating assets and liabilities    
Current and other assets (3) (41)
Payables and other current liabilities (30) (59)
Net cash provided (used) by operating activities 63 (41)
Cash flows from investing activities:    
Investments in equity method affiliates and debt and equity securities   (2)
Cash proceeds from sale of investments   5
Capital expended for property and equipment (15) (190)
Other investing activities, net 33 4
Net cash provided (used) by investing activities 18 (183)
Cash flows from financing activities:    
Borrowings of debt 123 288
Repayments of debt (185) (42)
Net cash provided (used) by financing activities (62) 246
Net increase (decrease) in cash, cash equivalents and restricted cash 19 22
Cash, cash equivalents and restricted cash at beginning of period 140 107
Cash, cash equivalents and restricted cash at end of period 159 129
Formula One Group    
Cash flows from operating activities:    
Net earnings (loss) 35 (158)
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 345 295
Stock-based compensation 19 28
Share of (earnings) loss of affiliates, net (66) (63)
Realized and unrealized (gains) losses on financial instruments, net (110) 105
Noncash interest expense (benefit) (1) 4
Deferred income tax expense (benefit) (30) (63)
Other, net 2 6
Changes in operating assets and liabilities    
Current and other assets (83) 28
Payables and other current liabilities 223 (105)
Net cash provided (used) by operating activities 281 44
Cash flows from investing activities:    
Investments in equity method affiliates and debt and equity securities (6) (8)
Cash proceeds from sale of investments 244 15
Net cash paid for the acquisition of Formula 1   (1,647)
Capital expended for property and equipment (11) (10)
Other investing activities, net 5 (9)
Net cash provided (used) by investing activities 232 (1,659)
Cash flows from financing activities:    
Borrowings of debt 288 1,599
Repayments of debt (927) (1,674)
Proceeds from Issuance of Series C Liberty Formula One Common Stock   1,938
Taxes paid in lieu of shares issued for stock-based compensation (2) (4)
Other financing activities, net 1 1
Net cash provided (used) by financing activities (640) 1,860
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash   7
Net increase (decrease) in cash, cash equivalents and restricted cash (127) 252
Cash, cash equivalents and restricted cash at beginning of period 282 168
Cash, cash equivalents and restricted cash at end of period $ 155 $ 420