Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.3
Financial Information for Tracking Stock Groups - Cash Flows (Details) - USD ($)
$ in Millions
 1 Months Ended 3 Months Ended 9 Months Ended
Jul. 12, 2023
Mar. 31, 2023
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:            
Net earnings (loss)     $ 443 $ 434 $ 798 $ 1,404
Adjustments to reconcile net earnings to net cash provided by operating activities:            
Depreciation and amortization     234 268 751 790
Stock-based compensation         173 173
Non-cash impairment and restructuring costs         21 73
Share of (earnings) loss of affiliates, net     (138) (111) (218) (158)
Realized and unrealized (gains) losses on financial instruments, net     (11) (106) 131 (545)
Deferred income tax expense (benefit)         9 277
Other charges (credits), net         34 (27)
Changes in operating assets and liabilities            
Current and other assets         (161) (102)
Payables and other liabilities         343 (145)
Net cash provided (used) by operating activities         1,881 1,740
Cash flows from investing activities:            
Investments in equity method affiliates and debt and equity securities         (217) (41)
Cash proceeds from dispositions         111 149
Cash (paid) received for acquisitions, net of cash acquired           (136)
Capital expended for property and equipment, including internal-use software and website development         (863) (555)
Other investing activities, net         (21) 77
Net cash provided (used) by investing activities         (990) (506)
Cash flows from financing activities:            
Borrowings of debt         3,766 3,622
Repayments of debt         (4,308) (3,948)
Liberty stock repurchases           (395)
Subsidiary shares repurchased by subsidiary         (274) (599)
Cash dividends paid by subsidiary         (48) (233)
Taxes paid in lieu of shares issued for stock-based compensation         (61) (109)
Atlanta Braves Holdings, Inc. Split-Off         (188)  
Other financing activities, net         66 82
Net cash provided (used) by financing activities         (1,047) (1,580)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash           (13)
Net increase (decrease) in cash, cash equivalents and restricted cash         (156) (359)
Cash, cash equivalents and restricted cash at beginning of period         2,276 2,924
Cash, cash equivalents and restricted cash at end of period     2,120 2,565 2,120 2,565
Liberty SiriusXM Group            
Cash flows from operating activities:            
Net earnings (loss)     365 346 802 1,188
Adjustments to reconcile net earnings to net cash provided by operating activities:            
Depreciation and amortization     145 157 460 461
Stock-based compensation         151 152
Non-cash impairment and restructuring costs         21 68
Share of (earnings) loss of affiliates, net     (45) (104) (117) (140)
Unrealized (gains) losses on intergroup interests, net     (4) 16 (68) 31
Realized and unrealized (gains) losses on financial instruments, net     (17) (76) 145 (433)
Deferred income tax expense (benefit)         (1) 267
Intergroup tax allocation         136 80
Intergroup tax (payments) receipts         (90) (66)
Other charges (credits), net         (10) (20)
Changes in operating assets and liabilities            
Current and other assets         5 41
Payables and other liabilities         (136) (325)
Net cash provided (used) by operating activities         1,298 1,304
Cash flows from investing activities:            
Investments in equity method affiliates and debt and equity securities         (44) (1)
Cash proceeds from dispositions           50
Cash (paid) received for acquisitions, net of cash acquired           (136)
Capital expended for property and equipment, including internal-use software and website development         (520) (279)
Other investing activities, net         (1) 4
Net cash provided (used) by investing activities         (565) (362)
Cash flows from financing activities:            
Borrowings of debt         2,601 3,019
Repayments of debt         (3,306) (3,079)
Intergroup loan (repayment) borrowing         273 78
Liberty stock repurchases           (358)
Subsidiary shares repurchased by subsidiary         (274) (599)
Cash dividends paid by subsidiary         (48) (233)
Taxes paid in lieu of shares issued for stock-based compensation         (52) (134)
Other financing activities, net         38 30
Net cash provided (used) by financing activities         (768) (1,276)
Net increase (decrease) in cash, cash equivalents and restricted cash         (35) (334)
Cash, cash equivalents and restricted cash at beginning of period         370 606
Cash, cash equivalents and restricted cash at end of period     335 272 335 272
Formula One Group            
Cash flows from operating activities:            
Net earnings (loss)     118 110 124 187
Adjustments to reconcile net earnings to net cash provided by operating activities:            
Depreciation and amortization     86 89 254 272
Stock-based compensation         14 12
Share of (earnings) loss of affiliates, net     (2) (1) 1  
Unrealized (gains) losses on intergroup interests, net     (16) (47) (15) (26)
Realized and unrealized (gains) losses on financial instruments, net     (66) (24) (83) (100)
Deferred income tax expense (benefit)         19 16
Intergroup tax allocation         (135) (95)
Intergroup tax (payments) receipts         91 57
Other charges (credits), net         6 (4)
Changes in operating assets and liabilities            
Current and other assets         (122) (91)
Payables and other liabilities         400 188
Net cash provided (used) by operating activities         554 416
Cash flows from investing activities:            
Investments in equity method affiliates and debt and equity securities         (173) (35)
Cash proceeds from dispositions         110 51
Capital expended for property and equipment, including internal-use software and website development         (308) (263)
Other investing activities, net         (20) 73
Net cash provided (used) by investing activities         (391) (174)
Cash flows from financing activities:            
Borrowings of debt           468
Repayments of debt         (64) (634)
Intergroup loan (repayment) borrowing $ (71) $ (202)     (273) (64)
Liberty stock repurchases           (37)
Taxes paid in lieu of shares issued for stock-based compensation         (8) 25
Reclassification         (100)  
Other financing activities, net         19 58
Net cash provided (used) by financing activities         (426) (184)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash           (13)
Net increase (decrease) in cash, cash equivalents and restricted cash         (263) 45
Cash, cash equivalents and restricted cash at beginning of period         1,733 2,074
Cash, cash equivalents and restricted cash at end of period     1,470 2,119 1,470 2,119
Liberty Live Group            
Cash flows from operating activities:            
Net earnings (loss)     (19)   (19)  
Adjustments to reconcile net earnings to net cash provided by operating activities:            
Stock-based compensation         1  
Share of (earnings) loss of affiliates, net     (90)   (90)  
Realized and unrealized (gains) losses on financial instruments, net     72   72  
Deferred income tax expense (benefit)         (4)  
Intergroup tax allocation         (1)  
Other charges (credits), net         34  
Changes in operating assets and liabilities            
Current and other assets         (10)  
Payables and other liabilities         14  
Net cash provided (used) by operating activities         (3)  
Cash flows from investing activities:            
Cash proceeds from dispositions         1  
Net cash provided (used) by investing activities         1  
Cash flows from financing activities:            
Borrowings of debt         1,135  
Repayments of debt         (918)  
Reclassification         100  
Net cash provided (used) by financing activities         317  
Net increase (decrease) in cash, cash equivalents and restricted cash         315  
Cash, cash equivalents and restricted cash at end of period     315   315  
Braves Group            
Cash flows from operating activities:            
Net earnings (loss)     (21) (22) (109) 29
Adjustments to reconcile net earnings to net cash provided by operating activities:            
Depreciation and amortization     3 22 37 57
Stock-based compensation         7 9
Non-cash impairment and restructuring costs           5
Share of (earnings) loss of affiliates, net     (1) (6) (12) (18)
Unrealized (gains) losses on intergroup interests, net     $ 20 31 83 (5)
Realized and unrealized (gains) losses on financial instruments, net       (6) (3) (12)
Deferred income tax expense (benefit)         (5) (6)
Intergroup tax allocation           15
Intergroup tax (payments) receipts         (1) 9
Other charges (credits), net         4 (3)
Changes in operating assets and liabilities            
Current and other assets         (34) (52)
Payables and other liabilities         65 (8)
Net cash provided (used) by operating activities         32 20
Cash flows from investing activities:            
Investments in equity method affiliates and debt and equity securities           (5)
Cash proceeds from dispositions           48
Capital expended for property and equipment, including internal-use software and website development         (35) (13)
Net cash provided (used) by investing activities         (35) 30
Cash flows from financing activities:            
Borrowings of debt         30 135
Repayments of debt         (20) (235)
Intergroup loan (repayment) borrowing           (14)
Taxes paid in lieu of shares issued for stock-based compensation         (1)  
Atlanta Braves Holdings, Inc. Split-Off         (188)  
Other financing activities, net         9 (6)
Net cash provided (used) by financing activities         (170) (120)
Net increase (decrease) in cash, cash equivalents and restricted cash         (173) (70)
Cash, cash equivalents and restricted cash at beginning of period         $ 173 244
Cash, cash equivalents and restricted cash at end of period       $ 174   $ 174