Financial Information for Tracking Stock Groups - Cash Flows (Details) - USD ($)
$ in Millions |
|
1 Months Ended |
12 Months Ended |
Jul. 12, 2023 |
Mar. 31, 2023 |
Sep. 30, 2022 |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
| Cash flows from operating activities: |
|
|
|
|
|
|
| Net earnings (loss) |
|
|
|
$ 962
|
$ 2,029
|
$ 744
|
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
1,030
|
1,044
|
1,072
|
| Stock-based compensation |
|
|
|
232
|
237
|
256
|
| Non-cash impairment and restructuring costs |
|
|
|
26
|
70
|
24
|
| Share of (earnings) loss of affiliates, net |
|
|
|
(138)
|
(99)
|
200
|
| Realized and unrealized (gains) losses on financial instruments, net |
|
|
|
323
|
(599)
|
451
|
| Noncash interest expense |
|
|
|
20
|
26
|
16
|
| Losses (gains) on dilution of investment in affiliate |
|
|
|
4
|
(10)
|
(152)
|
| Loss (gain) on early extinguishment of debt |
|
|
|
4
|
(35)
|
80
|
| Deferred income tax expense (benefit) |
|
|
|
14
|
13
|
(41)
|
| Other charges (credits), net |
|
|
|
4
|
10
|
2
|
| Changes in operating assets and liabilities |
|
|
|
|
|
|
| Current and other assets |
|
|
|
(38)
|
(17)
|
(104)
|
| Payables and other liabilities |
|
|
|
21
|
(123)
|
(111)
|
| Net cash provided (used) by operating activities |
|
|
|
2,464
|
2,546
|
2,437
|
| Cash flows from investing activities: |
|
|
|
|
|
|
| Subsidiary initial public offering proceeds returned from (invested in) trust account |
|
|
|
|
579
|
(575)
|
| Investments in equity method affiliates and debt and equity securities |
|
|
|
(226)
|
(58)
|
(252)
|
| Cash proceeds from dispositions |
|
|
|
111
|
167
|
383
|
| Cash (paid) received for acquisitions, net of cash acquired |
|
|
|
|
(136)
|
(14)
|
| Return of investment in equity method affiliates |
|
|
|
|
38
|
40
|
| Repayment of loans and other cash receipts from equity method affiliates and debt and equity securities |
|
|
|
1
|
2
|
12
|
| Capital expended for property and equipment, including internal-use software and website development |
|
|
|
(1,111)
|
(735)
|
(440)
|
| Proceeds from insurance recoveries |
|
|
|
|
|
225
|
| Other investing activities, net |
|
|
|
(15)
|
97
|
(68)
|
| Net cash provided (used) by investing activities |
|
|
|
(1,240)
|
(46)
|
(689)
|
| Cash flows from financing activities: |
|
|
|
|
|
|
| Borrowings of debt |
|
|
|
3,846
|
6,189
|
6,411
|
| Repayments of debt |
|
|
|
(4,790)
|
(7,426)
|
(6,287)
|
| Repayment of initial public offering proceeds to subsidiary shareholders |
|
|
|
|
(579)
|
|
| Liberty stock repurchases |
|
|
|
|
(395)
|
(555)
|
| Subsidiary shares repurchased by subsidiary |
|
|
|
(274)
|
(647)
|
(1,523)
|
| Proceeds from initial public offering of subsidiary |
|
|
|
|
|
575
|
| Cash dividends paid by subsidiary |
|
|
|
(65)
|
(249)
|
(58)
|
| Taxes paid in lieu of shares issued for stock-based compensation |
|
|
|
(74)
|
(123)
|
(154)
|
| Atlanta Braves Holdings, Inc. Split-Off |
|
|
|
(188)
|
|
|
| Other financing activities, net |
|
|
|
72
|
82
|
(107)
|
| Net cash provided (used) by financing activities |
|
|
|
(1,473)
|
(3,148)
|
(1,698)
|
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash |
|
|
|
1
|
|
(3)
|
| Net increase (decrease) in cash, cash equivalents and restricted cash |
|
|
|
(248)
|
(648)
|
47
|
| Cash, cash equivalents and restricted cash at beginning of period |
|
|
|
2,276
|
2,924
|
2,877
|
| Cash, cash equivalents and restricted cash at end of period |
|
|
|
2,028
|
2,276
|
2,924
|
| Liberty SiriusXM Group |
|
|
|
|
|
|
| Cash flows from operating activities: |
|
|
|
|
|
|
| Net earnings (loss) |
|
|
|
1,031
|
1,502
|
875
|
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
624
|
611
|
603
|
| Stock-based compensation |
|
|
|
203
|
209
|
215
|
| Non-cash impairment and restructuring costs |
|
|
|
26
|
65
|
24
|
| Share of (earnings) loss of affiliates, net |
|
|
|
(108)
|
(67)
|
253
|
| Unrealized (gains) losses on intergroup interests, net |
|
|
|
(68)
|
19
|
(121)
|
| Realized and unrealized (gains) losses on financial instruments, net |
|
|
|
215
|
(471)
|
433
|
| Noncash interest expense |
|
|
|
14
|
19
|
15
|
| Losses (gains) on dilution of investment in affiliate |
|
|
|
6
|
(10)
|
(152)
|
| Loss (gain) on early extinguishment of debt |
|
|
|
(30)
|
(21)
|
83
|
| Deferred income tax expense (benefit) |
|
|
|
36
|
329
|
(12)
|
| Intergroup tax allocation |
|
|
|
177
|
91
|
9
|
| Intergroup tax (payments) receipts |
|
|
|
(121)
|
(80)
|
(2)
|
| Other charges (credits), net |
|
|
|
2
|
10
|
(15)
|
| Changes in operating assets and liabilities |
|
|
|
|
|
|
| Current and other assets |
|
|
|
(45)
|
80
|
(59)
|
| Payables and other liabilities |
|
|
|
(136)
|
(327)
|
(255)
|
| Net cash provided (used) by operating activities |
|
|
|
1,826
|
1,959
|
1,894
|
| Cash flows from investing activities: |
|
|
|
|
|
|
| Investments in equity method affiliates and debt and equity securities |
|
|
|
(50)
|
(1)
|
(73)
|
| Cash proceeds from dispositions |
|
|
|
|
66
|
177
|
| Cash (paid) received for acquisitions, net of cash acquired |
|
|
|
|
(136)
|
(14)
|
| Return of investment in equity method affiliates |
|
|
|
|
1
|
1
|
| Repayment of loans and other cash receipts from equity method affiliates and debt and equity securities |
|
|
|
1
|
2
|
12
|
| Capital expended for property and equipment, including internal-use software and website development |
|
|
|
(650)
|
(426)
|
(388)
|
| Proceeds from insurance recoveries |
|
|
|
|
|
225
|
| Other investing activities, net |
|
|
|
3
|
1
|
(4)
|
| Net cash provided (used) by investing activities |
|
|
|
(696)
|
(493)
|
(64)
|
| Cash flows from financing activities: |
|
|
|
|
|
|
| Borrowings of debt |
|
|
|
2,681
|
3,150
|
6,294
|
| Repayments of debt |
|
|
|
(3,782)
|
(3,553)
|
(5,872)
|
| Settlement of intergroup interests |
|
|
|
273
|
78
|
|
| Liberty stock repurchases |
|
|
|
|
(358)
|
(500)
|
| Subsidiary shares repurchased by subsidiary |
|
|
|
(274)
|
(647)
|
(1,523)
|
| Cash dividends paid by subsidiary |
|
|
|
(65)
|
(249)
|
(58)
|
| Taxes paid in lieu of shares issued for stock-based compensation |
|
|
|
(64)
|
(147)
|
(106)
|
| Settlement of intergroup call spread |
|
|
|
|
|
(384)
|
| Other financing activities, net |
|
|
|
46
|
24
|
(83)
|
| Net cash provided (used) by financing activities |
|
|
|
(1,185)
|
(1,702)
|
(2,232)
|
| Net increase (decrease) in cash, cash equivalents and restricted cash |
|
|
|
(55)
|
(236)
|
(402)
|
| Cash, cash equivalents and restricted cash at beginning of period |
|
|
|
370
|
606
|
1,008
|
| Cash, cash equivalents and restricted cash at end of period |
|
|
|
315
|
370
|
606
|
| Formula One Group |
|
|
|
|
|
|
| Cash flows from operating activities: |
|
|
|
|
|
|
| Net earnings (loss) |
|
|
|
184
|
562
|
(120)
|
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
369
|
362
|
397
|
| Stock-based compensation |
|
|
|
20
|
16
|
29
|
| Share of (earnings) loss of affiliates, net |
|
|
|
4
|
|
(23)
|
| Unrealized (gains) losses on intergroup interests, net |
|
|
|
(15)
|
(54)
|
90
|
| Realized and unrealized (gains) losses on financial instruments, net |
|
|
|
(42)
|
(115)
|
21
|
| Noncash interest expense |
|
|
|
6
|
5
|
1
|
| Loss (gain) on early extinguishment of debt |
|
|
|
(1)
|
(14)
|
(3)
|
| Deferred income tax expense (benefit) |
|
|
|
18
|
(306)
|
(41)
|
| Intergroup tax allocation |
|
|
|
(176)
|
(109)
|
(5)
|
| Intergroup tax (payments) receipts |
|
|
|
122
|
72
|
(5)
|
| Other charges (credits), net |
|
|
|
(2)
|
(1)
|
(3)
|
| Changes in operating assets and liabilities |
|
|
|
|
|
|
| Current and other assets |
|
|
|
46
|
(87)
|
(2)
|
| Payables and other liabilities |
|
|
|
86
|
203
|
145
|
| Net cash provided (used) by operating activities |
|
|
|
619
|
534
|
481
|
| Cash flows from investing activities: |
|
|
|
|
|
|
| Subsidiary initial public offering proceeds returned from (invested in) trust account |
|
|
|
|
579
|
(575)
|
| Investments in equity method affiliates and debt and equity securities |
|
|
|
(173)
|
(52)
|
(179)
|
| Cash proceeds from dispositions |
|
|
|
110
|
53
|
204
|
| Return of investment in equity method affiliates |
|
|
|
|
9
|
39
|
| Capital expended for property and equipment, including internal-use software and website development |
|
|
|
(426)
|
(291)
|
(17)
|
| Other investing activities, net |
|
|
|
(21)
|
96
|
(72)
|
| Net cash provided (used) by investing activities |
|
|
|
(510)
|
394
|
(600)
|
| Cash flows from financing activities: |
|
|
|
|
|
|
| Borrowings of debt |
|
|
|
|
2,884
|
|
| Repayments of debt |
|
|
|
(70)
|
(3,564)
|
(322)
|
| Repayment of initial public offering proceeds to subsidiary shareholders |
|
|
|
|
(579)
|
|
| Settlement of intergroup interests |
$ (71)
|
$ (202)
|
$ (64)
|
(273)
|
(64)
|
|
| Liberty stock repurchases |
|
|
|
|
(37)
|
(55)
|
| Proceeds from initial public offering of subsidiary |
|
|
|
|
|
575
|
| Taxes paid in lieu of shares issued for stock-based compensation |
|
|
|
(9)
|
24
|
(48)
|
| Settlement of intergroup call spread |
|
|
|
|
|
384
|
| Reclassification |
|
|
|
(100)
|
|
|
| Other financing activities, net |
|
|
|
17
|
67
|
(22)
|
| Net cash provided (used) by financing activities |
|
|
|
(435)
|
(1,269)
|
512
|
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash |
|
|
|
1
|
|
(3)
|
| Net increase (decrease) in cash, cash equivalents and restricted cash |
|
|
|
(325)
|
(341)
|
390
|
| Cash, cash equivalents and restricted cash at beginning of period |
|
|
|
1,733
|
2,074
|
1,684
|
| Cash, cash equivalents and restricted cash at end of period |
|
|
|
1,408
|
1,733
|
2,074
|
| Liberty Live Group |
|
|
|
|
|
|
| Cash flows from operating activities: |
|
|
|
|
|
|
| Net earnings (loss) |
|
|
|
(142)
|
|
|
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
|
|
|
|
| Stock-based compensation |
|
|
|
2
|
|
|
| Share of (earnings) loss of affiliates, net |
|
|
|
(22)
|
|
|
| Realized and unrealized (gains) losses on financial instruments, net |
|
|
|
153
|
|
|
| Noncash interest expense |
|
|
|
(1)
|
|
|
| Losses (gains) on dilution of investment in affiliate |
|
|
|
(2)
|
|
|
| Loss (gain) on early extinguishment of debt |
|
|
|
35
|
|
|
| Deferred income tax expense (benefit) |
|
|
|
(37)
|
|
|
| Other charges (credits), net |
|
|
|
1
|
|
|
| Changes in operating assets and liabilities |
|
|
|
|
|
|
| Current and other assets |
|
|
|
(5)
|
|
|
| Payables and other liabilities |
|
|
|
5
|
|
|
| Net cash provided (used) by operating activities |
|
|
|
(13)
|
|
|
| Cash flows from investing activities: |
|
|
|
|
|
|
| Investments in equity method affiliates and debt and equity securities |
|
|
|
(3)
|
|
|
| Cash proceeds from dispositions |
|
|
|
1
|
|
|
| Other investing activities, net |
|
|
|
3
|
|
|
| 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 |
|
|
|
305
|
|
|
| Cash, cash equivalents and restricted cash at end of period |
|
|
|
305
|
|
|
| Braves Group |
|
|
|
|
|
|
| Cash flows from operating activities: |
|
|
|
|
|
|
| Net earnings (loss) |
|
|
|
(111)
|
(35)
|
(11)
|
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
37
|
71
|
72
|
| Stock-based compensation |
|
|
|
7
|
12
|
12
|
| Non-cash impairment and restructuring costs |
|
|
|
|
5
|
|
| Share of (earnings) loss of affiliates, net |
|
|
|
(12)
|
(32)
|
(30)
|
| Unrealized (gains) losses on intergroup interests, net |
|
|
|
83
|
35
|
31
|
| Realized and unrealized (gains) losses on financial instruments, net |
|
|
|
(3)
|
(13)
|
(3)
|
| Noncash interest expense |
|
|
|
1
|
2
|
|
| Deferred income tax expense (benefit) |
|
|
|
(3)
|
(10)
|
12
|
| Intergroup tax allocation |
|
|
|
(1)
|
18
|
(4)
|
| Intergroup tax (payments) receipts |
|
|
|
(1)
|
8
|
7
|
| Other charges (credits), net |
|
|
|
3
|
1
|
20
|
| Changes in operating assets and liabilities |
|
|
|
|
|
|
| Current and other assets |
|
|
|
(34)
|
(10)
|
(43)
|
| Payables and other liabilities |
|
|
|
66
|
1
|
(1)
|
| Net cash provided (used) by operating activities |
|
|
|
32
|
53
|
62
|
| Cash flows from investing activities: |
|
|
|
|
|
|
| Investments in equity method affiliates and debt and equity securities |
|
|
|
|
(5)
|
|
| Cash proceeds from dispositions |
|
|
|
|
48
|
2
|
| Return of investment in equity method affiliates |
|
|
|
|
28
|
|
| Capital expended for property and equipment, including internal-use software and website development |
|
|
|
(35)
|
(18)
|
(35)
|
| Other investing activities, net |
|
|
|
|
|
8
|
| Net cash provided (used) by investing activities |
|
|
|
(35)
|
53
|
(25)
|
| Cash flows from financing activities: |
|
|
|
|
|
|
| Borrowings of debt |
|
|
|
30
|
155
|
117
|
| Repayments of debt |
|
|
|
(20)
|
(309)
|
(93)
|
| Settlement of intergroup interests |
|
|
$ (14)
|
|
(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
|
(9)
|
(2)
|
| Net cash provided (used) by financing activities |
|
|
|
(170)
|
(177)
|
22
|
| Net increase (decrease) in cash, cash equivalents and restricted cash |
|
|
|
(173)
|
(71)
|
59
|
| Cash, cash equivalents and restricted cash at beginning of period |
|
|
|
$ 173
|
244
|
185
|
| Cash, cash equivalents and restricted cash at end of period |
|
|
|
|
$ 173
|
$ 244
|