Quarterly report pursuant to Section 13 or 15(d)

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

v3.20.2
Financial Information for Tracking Stock Groups - Cash Flows (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jun. 05, 2020
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:          
Net earnings (loss)   $ (43) $ 262 $ (303) $ 327
Adjustments to reconcile net earnings to net cash provided by operating activities:          
Depreciation and amortization   279 271 812 790
Stock-based compensation       180 238
Share of (earnings) loss of affiliates, net   187 (55) 442 (69)
Realized and unrealized (gains) losses on financial instruments, net   (16) (14) 163 171
Deferred income tax expense (benefit)       (43) 196
Other charges (credits), net       85 68
Changes in operating assets and liabilities          
Current and other assets       (148) (61)
Payables and other liabilities       (132) 110
Net cash provided (used) by operating activities       1,056 1,770
Cash flows from investing activities:          
Investments in equity method affiliates and debt and equity securities       (94) (25)
Return of investment in equity method affiliates       105  
Cash proceeds from sale of investments       13 389
Cash (paid) received for acquisitions, net of cash acquired       (28) 313
Capital expended for property and equipment, including internal-use software and website development       (316) (338)
Sales of short term investments and other marketable securities         73
Other investing activities, net       11 (2)
Net cash provided (used) by investing activities       (309) 410
Cash flows from financing activities:          
Borrowings of debt       3,038 5,018
Repayments of debt       (2,595) (4,345)
Liberty SiriusXM common stock repurchases       (204) (374)
Subsidiary shares repurchased by subsidiary       (870) (1,959)
Proceeds from Liberty SiriusXM common stock rights offering $ 754     754  
Cash dividends paid by subsidiary       (49) (52)
Taxes paid in lieu of shares issued for stock-based compensation       (86) (101)
Other financing activities, net       (66) (41)
Net cash provided (used) by financing activities       (78) (1,854)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash       (1) (5)
Net increase (decrease) in cash, cash equivalents and restricted cash       668 321
Cash, cash equivalents and restricted cash at beginning of period       1,306 452
Cash, cash equivalents and restricted cash at end of period   1,974 773 1,974 773
Liberty SiriusXM Group          
Cash flows from operating activities:          
Net earnings (loss)   80 208 348 543
Adjustments to reconcile net earnings to net cash provided by operating activities:          
Depreciation and amortization   142 135 432 396
Stock-based compensation       173 204
Share of (earnings) loss of affiliates, net   183 7 331 18
Unrealized (gains) losses on intergroup interests, net   (25)   (92)  
Realized and unrealized (gains) losses on financial instruments, net   39 10 228 (6)
Deferred income tax expense (benefit)       33 232
Intergroup tax allocation       4 1
Intergroup tax (payments) receipts         (2)
Other charges (credits), net       73 63
Changes in operating assets and liabilities          
Current and other assets       150 14
Payables and other liabilities       (301) (26)
Net cash provided (used) by operating activities       1,379 1,437
Cash flows from investing activities:          
Investments in equity method affiliates and debt and equity securities       (91) (14)
Cash proceeds from sale of investments         373
Cash (paid) received for acquisitions, net of cash acquired       (28) 313
Capital expended for property and equipment, including internal-use software and website development       (230) (239)
Sales of short term investments and other marketable securities         73
Other investing activities, net       10 2
Net cash provided (used) by investing activities       (339) 508
Cash flows from financing activities:          
Borrowings of debt       2,300 4,943
Repayments of debt       (1,922) (4,311)
Intergroup Loan (repayments) borrowing       (750)  
Liberty SiriusXM common stock repurchases       (135) (374)
Subsidiary shares repurchased by subsidiary       (870) (1,959)
Reattribution between Liberty SiriusXM Group and Liberty Formula One Group       (608)  
Proceeds from Liberty SiriusXM common stock rights offering       754  
Cash dividends paid by subsidiary       (49) (52)
Taxes paid in lieu of shares issued for stock-based compensation       (84) (109)
Other financing activities, net       (35) (41)
Net cash provided (used) by financing activities       (1,399) (1,903)
Net increase (decrease) in cash, cash equivalents and restricted cash       (359) 42
Cash, cash equivalents and restricted cash at beginning of period       507 102
Cash, cash equivalents and restricted cash at end of period   148 144 148 144
Braves Group          
Cash flows from operating activities:          
Net earnings (loss)   (31) 12 (16) (33)
Adjustments to reconcile net earnings to net cash provided by operating activities:          
Depreciation and amortization   19 20 54 54
Stock-based compensation       (10) 13
Share of (earnings) loss of affiliates, net   5 (4) 2 (13)
Unrealized (gains) losses on intergroup interests, net   10 (2) (78) 26
Realized and unrealized (gains) losses on financial instruments, net     2 10 6
Deferred income tax expense (benefit)       (15) 7
Intergroup tax allocation       (16) (6)
Intergroup tax (payments) receipts         22
Other charges (credits), net       10 9
Changes in operating assets and liabilities          
Current and other assets       (16) (37)
Payables and other liabilities       19 9
Net cash provided (used) by operating activities       (56) 57
Cash flows from investing activities:          
Investments in equity method affiliates and debt and equity securities         (4)
Capital expended for property and equipment, including internal-use software and website development       (69) (72)
Other investing activities, net       4  
Net cash provided (used) by investing activities       (65) (76)
Cash flows from financing activities:          
Borrowings of debt       216 75
Repayments of debt       (62) (29)
Taxes paid in lieu of shares issued for stock-based compensation         (1)
Other financing activities, net       (5) (6)
Net cash provided (used) by financing activities       149 39
Net increase (decrease) in cash, cash equivalents and restricted cash       28 20
Cash, cash equivalents and restricted cash at beginning of period       212 190
Cash, cash equivalents and restricted cash at end of period   240 210 240 210
Formula One Group          
Cash flows from operating activities:          
Net earnings (loss)   (92) 42 (635) (183)
Adjustments to reconcile net earnings to net cash provided by operating activities:          
Depreciation and amortization   118 116 326 340
Stock-based compensation       17 21
Share of (earnings) loss of affiliates, net   (1) (58) 109 (74)
Unrealized (gains) losses on intergroup interests, net   15 2 170 (26)
Realized and unrealized (gains) losses on financial instruments, net   (55) (26) (75) 171
Deferred income tax expense (benefit)       (61) (43)
Intergroup tax allocation       12 5
Intergroup tax (payments) receipts         (20)
Other charges (credits), net       2 (4)
Changes in operating assets and liabilities          
Current and other assets       (282) (38)
Payables and other liabilities       150 127
Net cash provided (used) by operating activities       (267) 276
Cash flows from investing activities:          
Investments in equity method affiliates and debt and equity securities       (3) (7)
Return of investment in equity method affiliates       105  
Cash proceeds from sale of investments       13 16
Capital expended for property and equipment, including internal-use software and website development       (17) (27)
Other investing activities, net       (3) (4)
Net cash provided (used) by investing activities       95 (22)
Cash flows from financing activities:          
Borrowings of debt       522  
Repayments of debt       (611) (5)
Intergroup Loan (repayments) borrowing       750  
Liberty SiriusXM common stock repurchases       (69)  
Reattribution between Liberty SiriusXM Group and Liberty Formula One Group       608  
Taxes paid in lieu of shares issued for stock-based compensation       (2) 9
Other financing activities, net       (26) 6
Net cash provided (used) by financing activities       1,172 10
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash       (1) (5)
Net increase (decrease) in cash, cash equivalents and restricted cash       999 259
Cash, cash equivalents and restricted cash at beginning of period       587 160
Cash, cash equivalents and restricted cash at end of period   $ 1,586 $ 419 $ 1,586 $ 419