Quarterly report pursuant to Section 13 or 15(d)

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

v3.24.2.u1
Financial Information for Tracking Stock Groups - Cash Flows (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:        
Net earnings (loss) $ 507 $ 303 $ 752 $ 355
Adjustments to reconcile net earnings to net cash provided by operating activities:        
Depreciation and amortization 245 257 486 517
Stock-based compensation     116 110
Non-cash impairment and restructuring costs     1 21
Share of (earnings) loss of affiliates, net (84) (90) (65) (80)
Realized and unrealized (gains) losses on financial instruments, net (169) 96 (166) 142
Deferred income tax expense (benefit)     (4) (35)
Other charges (credits), net     74 (8)
Changes in operating assets and liabilities        
Current and other assets     (3) (95)
Payables and other liabilities     (44) 271
Net cash provided (used) by operating activities     1,147 1,198
Cash flows from investing activities:        
Investments in equity method affiliates and debt and equity securities     (203) (214)
Cash proceeds from dispositions     107 67
Cash (paid) received for acquisitions, net of cash acquired     (205)  
Capital expended for property and equipment, including internal-use software and website development     (387) (544)
Other investing activities, net     (62) (20)
Net cash provided (used) by investing activities     (750) (711)
Cash flows from financing activities:        
Borrowings of debt     1,362 2,064
Repayments of debt     (1,636) (2,641)
Subsidiary shares repurchased by subsidiary       (199)
Cash dividends paid by subsidiary     (34) (33)
Taxes paid in lieu of shares issued for stock-based compensation     (31) (28)
Other financing activities, net     31 63
Net cash provided (used) by financing activities     (308) (774)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash     (8) 2
Net increase (decrease) in cash, cash equivalents and restricted cash     81 (285)
Cash, cash equivalents and restricted cash at beginning of period     2,028 2,276
Cash, cash equivalents and restricted cash at end of period 2,109 1,991 2,109 1,991
Liberty SiriusXM Group        
Cash flows from operating activities:        
Net earnings (loss) 349 217 590 437
Adjustments to reconcile net earnings to net cash provided by operating activities:        
Depreciation and amortization 156 154 311 315
Stock-based compensation     96 94
Non-cash impairment and restructuring costs     1 21
Share of (earnings) loss of affiliates, net (1) (79) (6) (72)
Unrealized (gains) losses on intergroup interests, net   (10)   (64)
Realized and unrealized (gains) losses on financial instruments, net (82) 164 (100) 162
Deferred income tax expense (benefit)     (19) (33)
Intergroup tax allocation     59 86
Intergroup tax (payments) receipts     (83) (33)
Other charges (credits), net     73 (12)
Changes in operating assets and liabilities        
Current and other assets     74 1
Payables and other liabilities     (243) (48)
Net cash provided (used) by operating activities     753 854
Cash flows from investing activities:        
Investments in equity method affiliates and debt and equity securities     (202) (41)
Capital expended for property and equipment, including internal-use software and website development     (347) (334)
Other investing activities, net     (1) (1)
Net cash provided (used) by investing activities     (550) (377)
Cash flows from financing activities:        
Borrowings of debt     1,352 2,048
Repayments of debt     (1,605) (2,563)
Settlement of intergroup interests       202
Subsidiary shares repurchased by subsidiary       (199)
Cash dividends paid by subsidiary     (34) (33)
Taxes paid in lieu of shares issued for stock-based compensation     (23) (19)
Other financing activities, net     (4) 36
Net cash provided (used) by financing activities     (314) (528)
Net increase (decrease) in cash, cash equivalents and restricted cash     (111) (51)
Cash, cash equivalents and restricted cash at beginning of period     315 370
Cash, cash equivalents and restricted cash at end of period 204 319 204 319
Formula One Group        
Cash flows from operating activities:        
Net earnings (loss) 24 115 101 6
Adjustments to reconcile net earnings to net cash provided by operating activities:        
Depreciation and amortization 89 84 175 168
Stock-based compensation     18 10
Share of (earnings) loss of affiliates, net 2 1 5 3
Unrealized (gains) losses on intergroup interests, net   (40)   1
Realized and unrealized (gains) losses on financial instruments, net 1 (64) (47) (17)
Deferred income tax expense (benefit)     2 1
Intergroup tax allocation     (62) (84)
Intergroup tax (payments) receipts     80 36
Other charges (credits), net     5  
Changes in operating assets and liabilities        
Current and other assets     (79) (91)
Payables and other liabilities     203 275
Net cash provided (used) by operating activities     401 308
Cash flows from investing activities:        
Investments in equity method affiliates and debt and equity securities     (1) (173)
Cash (paid) received for acquisitions, net of cash acquired     (205)  
Capital expended for property and equipment, including internal-use software and website development     (40) (180)
Other investing activities, net     (62) (19)
Net cash provided (used) by investing activities     (308) (304)
Cash flows from financing activities:        
Borrowings of debt     10  
Repayments of debt     (31) (59)
Settlement of intergroup interests       (202)
Taxes paid in lieu of shares issued for stock-based compensation     (7) (8)
Other financing activities, net     34 19
Net cash provided (used) by financing activities     6 (250)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash     (8) 2
Net increase (decrease) in cash, cash equivalents and restricted cash     91 (244)
Cash, cash equivalents and restricted cash at beginning of period     1,408 1,733
Cash, cash equivalents and restricted cash at end of period 1,499 1,489 1,499 1,489
Liberty Live Group        
Cash flows from operating activities:        
Net earnings (loss) 134   61  
Adjustments to reconcile net earnings to net cash provided by operating activities:        
Stock-based compensation     2  
Share of (earnings) loss of affiliates, net (85)   (64)  
Realized and unrealized (gains) losses on financial instruments, net (88)   (19)  
Deferred income tax expense (benefit)     13  
Intergroup tax allocation     3  
Intergroup tax (payments) receipts     3  
Other charges (credits), net     (4)  
Changes in operating assets and liabilities        
Current and other assets     2  
Payables and other liabilities     (4)  
Net cash provided (used) by operating activities     (7)  
Cash flows from investing activities:        
Cash proceeds from dispositions     107  
Other investing activities, net     1  
Net cash provided (used) by investing activities     108  
Cash flows from financing activities:        
Taxes paid in lieu of shares issued for stock-based compensation     (1)  
Other financing activities, net     1  
Net increase (decrease) in cash, cash equivalents and restricted cash     101  
Cash, cash equivalents and restricted cash at beginning of period     305  
Cash, cash equivalents and restricted cash at end of period $ 406   $ 406  
Braves Group        
Cash flows from operating activities:        
Net earnings (loss)   (29)   (88)
Adjustments to reconcile net earnings to net cash provided by operating activities:        
Depreciation and amortization   19   34
Stock-based compensation       6
Share of (earnings) loss of affiliates, net   (12)   (11)
Unrealized (gains) losses on intergroup interests, net   50   63
Realized and unrealized (gains) losses on financial instruments, net   (4)   (3)
Deferred income tax expense (benefit)       (3)
Intergroup tax allocation       (2)
Intergroup tax (payments) receipts       (3)
Other charges (credits), net       4
Changes in operating assets and liabilities        
Current and other assets       (5)
Payables and other liabilities       44
Net cash provided (used) by operating activities       36
Cash flows from investing activities:        
Capital expended for property and equipment, including internal-use software and website development       (30)
Net cash provided (used) by investing activities       (30)
Cash flows from financing activities:        
Borrowings of debt       16
Repayments of debt       (19)
Taxes paid in lieu of shares issued for stock-based compensation       (1)
Other financing activities, net       8
Net cash provided (used) by financing activities       4
Net increase (decrease) in cash, cash equivalents and restricted cash       10
Cash, cash equivalents and restricted cash at beginning of period       173
Cash, cash equivalents and restricted cash at end of period   $ 183   $ 183