Quarterly report pursuant to Section 13 or 15(d)

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

v3.19.1
Financial Information for Tracking Stock Groups - Cash Flows (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net earnings (loss) $ (127) $ 213
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 248 216
Stock-based compensation 86 46
Share of (earnings) loss of affiliates, net 20 8
Realized and unrealized (gains) losses on financial instruments, net 98 (153)
Noncash interest expense (benefit) 2  
Deferred income tax expense (benefit) 54 20
Other charges (credits), net 3 17
Changes in operating assets and liabilities    
Current and other assets (19) (97)
Payables and other liabilities 284 354
Net cash provided (used) by operating activities 649 624
Cash flows from investing activities:    
Investments in equity method affiliates and debt and equity securities (11) (393)
Cash proceeds from sale of investments 72 9
Cash received from Pandora acquisition 313  
Capital expended for property and equipment (113) (89)
Other investing activities, net (7) 49
Net cash provided (used) by investing activities 254 (424)
Cash flows from financing activities:    
Borrowings of debt 913 1,317
Repayments of debt (741) (1,154)
Series C Liberty SiriusXM stock repurchases (222) (31)
Subsidiary shares repurchased by subsidiary (576) (309)
Cash dividends paid by subsidiary (19) (15)
Taxes paid in lieu of shares issued for stock-based compensation (40) (28)
Other financing activities, net   50
Net cash provided (used) by financing activities (685) (170)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 1 2
Net increase (decrease) in cash, cash equivalents and restricted cash 219 32
Cash, cash equivalents and restricted cash at beginning of period 452 1,047
Cash, cash equivalents and restricted cash at end of period 671 1,079
Liberty Sirius XM Group    
Cash flows from operating activities:    
Net earnings (loss) 92 282
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 125 89
Stock-based compensation 76 40
Share of (earnings) loss of affiliates, net 4 (1)
Realized and unrealized (gains) losses on financial instruments, net (1) (58)
Noncash interest expense (benefit) 2 (1)
Deferred income tax expense (benefit) 109 73
Intergroup tax allocation 1  
Other charges (credits), net 1  
Changes in operating assets and liabilities    
Current and other assets (8) (12)
Payables and other liabilities (19) (19)
Net cash provided (used) by operating activities 382 393
Cash flows from investing activities:    
Investments in equity method affiliates and debt and equity securities (4) (389)
Cash proceeds from sale of investments 72  
Cash received from Pandora acquisition 313  
Capital expended for property and equipment (90) (82)
Other investing activities, net (3)  
Net cash provided (used) by investing activities 288 (471)
Cash flows from financing activities:    
Borrowings of debt 913 1,021
Repayments of debt (725) (569)
Series C Liberty SiriusXM stock repurchases (222) (31)
Subsidiary shares repurchased by subsidiary (576) (309)
Cash dividends paid by subsidiary (19) (15)
Taxes paid in lieu of shares issued for stock-based compensation (36) (27)
Other financing activities, net 2 51
Net cash provided (used) by financing activities (663) 121
Net increase (decrease) in cash, cash equivalents and restricted cash 7 43
Cash, cash equivalents and restricted cash at beginning of period 102 625
Cash, cash equivalents and restricted cash at end of period 109 668
Braves Group    
Cash flows from operating activities:    
Net earnings (loss) (71) (52)
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 13 16
Stock-based compensation 3  
Share of (earnings) loss of affiliates, net (2) (3)
Unrealized gains losses on intergroup interest 26 5
Realized and unrealized (gains) losses on financial instruments, net 2  
Noncash interest expense (benefit)   1
Deferred income tax expense (benefit) 2 (2)
Intergroup tax allocation (14) (4)
Other charges (credits), net 1 11
Changes in operating assets and liabilities    
Current and other assets 23 (17)
Payables and other liabilities 60 97
Net cash provided (used) by operating activities 43 52
Cash flows from investing activities:    
Investments in equity method affiliates and debt and equity securities (5)  
Capital expended for property and equipment (15) (6)
Other investing activities, net (4) 37
Net cash provided (used) by investing activities (24) 31
Cash flows from financing activities:    
Borrowings of debt   7
Repayments of debt (14) (89)
Other financing activities, net (5)  
Net cash provided (used) by financing activities (19) (82)
Net increase (decrease) in cash, cash equivalents and restricted cash   1
Cash, cash equivalents and restricted cash at beginning of period 190 140
Cash, cash equivalents and restricted cash at end of period 190 141
Formula One Group    
Cash flows from operating activities:    
Net earnings (loss) (148) (17)
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 110 111
Stock-based compensation 7 6
Share of (earnings) loss of affiliates, net 18 12
Unrealized gains losses on intergroup interest (26) (5)
Realized and unrealized (gains) losses on financial instruments, net 97 (95)
Deferred income tax expense (benefit) (57) (51)
Intergroup tax allocation 13 4
Other charges (credits), net 1 6
Changes in operating assets and liabilities    
Current and other assets (34) (68)
Payables and other liabilities 243 276
Net cash provided (used) by operating activities 224 179
Cash flows from investing activities:    
Investments in equity method affiliates and debt and equity securities (2) (4)
Cash proceeds from sale of investments   9
Capital expended for property and equipment (8) (1)
Other investing activities, net   12
Net cash provided (used) by investing activities (10) 16
Cash flows from financing activities:    
Borrowings of debt   289
Repayments of debt (2) (496)
Taxes paid in lieu of shares issued for stock-based compensation (4) (1)
Other financing activities, net 3 (1)
Net cash provided (used) by financing activities (3) (209)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 1 2
Net increase (decrease) in cash, cash equivalents and restricted cash 212 (12)
Cash, cash equivalents and restricted cash at beginning of period 160 282
Cash, cash equivalents and restricted cash at end of period $ 372 $ 270