Quarterly report pursuant to Section 13 or 15(d)

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

v3.21.2
Financial Information for Tracking Stock Groups - Cash Flows (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:        
Net earnings (loss) $ 400 $ (43) $ 914 $ (303)
Adjustments to reconcile net earnings to net cash provided by operating activities:        
Depreciation and amortization 274 279 806 812
Stock-based compensation     188 180
Non-cash impairment and restructuring costs     24 24
Changes in fair value of contingent consideration     (17)  
Share of (earnings) loss of affiliates, net (9) 187 134 442
Realized and unrealized (gains) losses on financial instruments, net 40 (16) (66) 163
Losses (gains) on dilution of investment in affiliate (142)   (152) (1)
Deferred income tax expense (benefit)     33 (43)
Other charges (credits), net     104 62
Changes in operating assets and liabilities        
Current and other assets     (45) (148)
Payables and other liabilities     (250) (132)
Net cash provided (used) by operating activities     1,673 1,056
Cash flows from investing activities:        
Investments in equity method affiliates and debt and equity securities     (218) (94)
Investment of subsidiary initial public offering proceeds into trust account     (575)  
Return of investment in equity method affiliates     38 105
Cash proceeds from sale of investments     196 13
Cash (paid) received for acquisitions, net of cash acquired     (14) (28)
Capital expended for property and equipment, including internal-use software and website development     (280) (316)
Proceeds from insurance recoveries     225  
Other investing activities, net     13 11
Net cash provided (used) by investing activities     (615) (309)
Cash flows from financing activities:        
Borrowings of debt     6,407 3,038
Repayments of debt     (6,129) (2,595)
Liberty stock repurchases     (398) (204)
Subsidiary shares repurchased by subsidiary     (1,174) (870)
Proceeds from Liberty SiriusXM common stock rights offering       754
Cash dividends paid by subsidiary     (41) (49)
Taxes paid in lieu of shares issued for stock-based compensation     (93) (86)
Proceeds from initial public offering of subsidiary     575  
Other financing activities, net     (128) (66)
Net cash provided (used) by financing activities     (981) (78)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash     (5) (1)
Net increase (decrease) in cash, cash equivalents and restricted cash     72 668
Cash, cash equivalents and restricted cash at beginning of period     2,877 1,306
Cash, cash equivalents and restricted cash at end of period 2,949 1,974 2,949 1,974
Liberty SiriusXM Group        
Cash flows from operating activities:        
Net earnings (loss) 413 80 883 348
Adjustments to reconcile net earnings to net cash provided by operating activities:        
Depreciation and amortization 152 142 451 432
Stock-based compensation     158 173
Non-cash impairment and restructuring costs     24 24
Changes in fair value of contingent consideration     (17)  
Share of (earnings) loss of affiliates, net (2) 183 181 331
Unrealized (gains) losses on intergroup interests, net (20) (25) (52) (92)
Realized and unrealized (gains) losses on financial instruments, net 42 39 42 228
Losses (gains) on dilution of investment in affiliate (142)   (152) (1)
Deferred income tax expense (benefit)     66 33
Intergroup tax allocation     5 4
Other charges (credits), net     94 50
Changes in operating assets and liabilities        
Current and other assets     54 150
Payables and other liabilities     (439) (301)
Net cash provided (used) by operating activities     1,298 1,379
Cash flows from investing activities:        
Investments in equity method affiliates and debt and equity securities     (66) (91)
Cash proceeds from sale of investments     27  
Cash (paid) received for acquisitions, net of cash acquired     (14) (28)
Capital expended for property and equipment, including internal-use software and website development     (244) (230)
Proceeds from insurance recoveries     225  
Other investing activities, net     6 10
Net cash provided (used) by investing activities     (66) (339)
Cash flows from financing activities:        
Borrowings of debt     6,294 2,300
Repayments of debt     (5,871) (1,922)
Intergroup Loan (repayment) borrowing       (750)
Liberty stock repurchases     (351) (135)
Subsidiary shares repurchased by subsidiary     (1,174) (870)
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     (41) (49)
Taxes paid in lieu of shares issued for stock-based compensation     (91) (84)
Settlement of intergroup call spread     (384)  
Other financing activities, net     (85) (35)
Net cash provided (used) by financing activities     (1,703) (1,399)
Net increase (decrease) in cash, cash equivalents and restricted cash     (471) (359)
Cash, cash equivalents and restricted cash at beginning of period     1,008 507
Cash, cash equivalents and restricted cash at end of period 537 148 537 148
Braves Group        
Cash flows from operating activities:        
Net earnings (loss) 36 (31) 2 (16)
Adjustments to reconcile net earnings to net cash provided by operating activities:        
Depreciation and amortization 22 19 56 54
Stock-based compensation     9 (10)
Share of (earnings) loss of affiliates, net (9) 5 (20) 2
Unrealized (gains) losses on intergroup interests, net (12) 10 15 (78)
Realized and unrealized (gains) losses on financial instruments, net     (1) 10
Deferred income tax expense (benefit)     10 (15)
Intergroup tax allocation     (2) (16)
Other charges (credits), net     7 10
Changes in operating assets and liabilities        
Current and other assets     (52) (16)
Payables and other liabilities     (16) 19
Net cash provided (used) by operating activities     8 (56)
Cash flows from investing activities:        
Cash proceeds from sale of investments     2  
Capital expended for property and equipment, including internal-use software and website development     (26) (69)
Other investing activities, net     8 4
Net cash provided (used) by investing activities     (16) (65)
Cash flows from financing activities:        
Borrowings of debt     113 216
Repayments of debt     (67) (62)
Other financing activities, net     (6) (5)
Net cash provided (used) by financing activities     40 149
Net increase (decrease) in cash, cash equivalents and restricted cash     32 28
Cash, cash equivalents and restricted cash at beginning of period     185 212
Cash, cash equivalents and restricted cash at end of period 217 240 217 240
Formula One Group        
Cash flows from operating activities:        
Net earnings (loss) (49) (92) 29 (635)
Adjustments to reconcile net earnings to net cash provided by operating activities:        
Depreciation and amortization 100 118 299 326
Stock-based compensation     21 17
Share of (earnings) loss of affiliates, net 2 (1) (27) 109
Unrealized (gains) losses on intergroup interests, net 32 15 37 170
Realized and unrealized (gains) losses on financial instruments, net (2) (55) (107) (75)
Deferred income tax expense (benefit)     (43) (61)
Intergroup tax allocation     (3) 12
Other charges (credits), net     3 2
Changes in operating assets and liabilities        
Current and other assets     (47) (282)
Payables and other liabilities     205 150
Net cash provided (used) by operating activities     367 (267)
Cash flows from investing activities:        
Investments in equity method affiliates and debt and equity securities     (152) (3)
Investment of subsidiary initial public offering proceeds into trust account     (575)  
Return of investment in equity method affiliates     38 105
Cash proceeds from sale of investments     167 13
Capital expended for property and equipment, including internal-use software and website development     (10) (17)
Other investing activities, net     (1) (3)
Net cash provided (used) by investing activities     (533) 95
Cash flows from financing activities:        
Borrowings of debt       522
Repayments of debt     (191) (611)
Intergroup Loan (repayment) borrowing       750
Liberty stock repurchases     (47) (69)
Reattribution between Liberty SiriusXM Group and Liberty Formula One Group       608
Taxes paid in lieu of shares issued for stock-based compensation     (2) (2)
Proceeds from initial public offering of subsidiary     575  
Settlement of intergroup call spread     384  
Other financing activities, net     (37) (26)
Net cash provided (used) by financing activities     682 1,172
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash     (5) (1)
Net increase (decrease) in cash, cash equivalents and restricted cash     511 999
Cash, cash equivalents and restricted cash at beginning of period     1,684 587
Cash, cash equivalents and restricted cash at end of period $ 2,195 $ 1,586 $ 2,195 $ 1,586