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