Financial Information for Tracking Stock Groups - Cash Flows (Details) - USD ($)
$ in Millions |
|
1 Months Ended |
3 Months Ended |
12 Months Ended |
Jul. 12, 2023 |
Mar. 31, 2023 |
Sep. 30, 2022 |
Dec. 31, 2024 |
Sep. 30, 2024 |
Jun. 30, 2024 |
Mar. 31, 2024 |
Dec. 31, 2023 |
Sep. 30, 2023 |
Jun. 30, 2023 |
Mar. 31, 2023 |
Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2022 |
| Net Cash Provided by (Used in) Operating Activities [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net earnings (loss) |
|
|
|
$ (357)
|
$ (2,870)
|
$ 507
|
$ 245
|
$ 164
|
$ 443
|
$ 303
|
$ 52
|
$ (2,475)
|
$ 962
|
$ 2,029
|
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (Earnings) loss from discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
2,412
|
(986)
|
(1,120)
|
| Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
352
|
406
|
433
|
| Stock-based compensation |
|
|
|
|
|
|
|
|
|
|
|
34
|
29
|
28
|
| Non-cash impairment costs |
|
|
|
|
|
|
|
|
|
|
|
73
|
|
5
|
| Share of (earnings) loss of affiliates, net |
|
|
|
|
|
|
|
|
|
|
|
(228)
|
(157)
|
(104)
|
| Unrealized (gains) losses on intergroup interests, net |
|
|
|
|
|
|
|
|
|
|
|
|
68
|
(19)
|
| Realized and unrealized (gains) losses on financial instruments, net |
|
|
|
|
|
|
|
|
|
|
|
383
|
167
|
(524)
|
| Loss (gain) on early extinguishment of debt |
|
|
|
|
|
|
|
|
|
|
|
6
|
34
|
(14)
|
| Deferred income tax expense (benefit) |
|
|
|
|
|
|
|
|
|
|
|
29
|
(9)
|
(150)
|
| Intergroup tax allocation |
|
|
|
|
|
|
|
|
|
|
|
(109)
|
(178)
|
(156)
|
| Intergroup tax (payments) receipts |
|
|
|
|
|
|
|
|
|
|
|
131
|
121
|
80
|
| Other, net |
|
|
|
|
|
|
|
|
|
|
|
10
|
12
|
(16)
|
| Increase (Decrease) in Operating Capital [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Current and other assets |
|
|
|
|
|
|
|
|
|
|
|
39
|
7
|
(97)
|
| Payables and other liabilities |
|
|
|
|
|
|
|
|
|
|
|
(104)
|
158
|
203
|
| Net cash provided (used) by operating activities |
|
|
|
|
|
|
|
|
|
|
|
553
|
634
|
578
|
| Net Cash Provided by (Used in) Investing Activities [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Capital expended for property and equipment, including internal-use software and website development |
|
|
|
|
|
|
|
|
|
|
|
(75)
|
(461)
|
(309)
|
| Cash (paid) received for acquisitions, net of cash acquired |
|
|
|
|
|
|
|
|
|
|
|
(205)
|
|
|
| Investments in equity method affiliates and debt and equity securities |
|
|
|
|
|
|
|
|
|
|
|
(11)
|
(176)
|
(57)
|
| Return of investment in equity method affiliates |
|
|
|
|
|
|
|
|
|
|
|
1
|
|
37
|
| Other investing activities, net |
|
|
|
|
|
|
|
|
|
|
|
(14)
|
(18)
|
96
|
| Subsidiary initial public offering proceeds returned from (invested in) trust account |
|
|
|
|
|
|
|
|
|
|
|
|
|
579
|
| Cash proceeds from dispositions of investments |
|
|
|
|
|
|
|
|
|
|
|
117
|
111
|
101
|
| Net cash provided (used) by investing activities |
|
|
|
|
|
|
|
|
|
|
|
(187)
|
(544)
|
447
|
| Net Cash Provided by (Used in) Financing Activities [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Borrowings of debt |
|
|
|
|
|
|
|
|
|
|
|
645
|
1,165
|
3,289
|
| Repayments of debt |
|
|
|
|
|
|
|
|
|
|
|
(748)
|
(1,008)
|
(4,787)
|
| Issuance of Series C Liberty Formula One common stock |
|
|
|
|
|
|
|
|
|
|
|
939
|
|
|
| Repayment of initial public offering proceeds to subsidiary shareholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
(579)
|
| Settlement of intergroup interests |
|
|
|
|
|
|
|
|
|
|
|
|
(273)
|
(78)
|
| Liberty stock repurchases |
|
|
|
|
|
|
|
|
|
|
|
|
|
(37)
|
| Distribution from former subsidiary |
|
|
|
|
|
|
|
|
|
|
|
|
3
|
672
|
| Taxes paid in lieu of shares issued for stock-based compensation |
|
|
|
|
|
|
|
|
|
|
|
(17)
|
(10)
|
24
|
| Atlanta Braves Holdings, Inc. Split-Off |
|
|
|
|
|
|
|
|
|
|
|
|
(188)
|
|
| Other financing activities, net |
|
|
|
|
|
|
|
|
|
|
|
75
|
26
|
59
|
| Net cash provided (used) by financing activities |
|
|
|
|
|
|
|
|
|
|
|
894
|
(285)
|
(1,437)
|
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash |
|
|
|
|
|
|
|
|
|
|
|
(10)
|
1
|
|
| Net cash provided (used) by discontinued operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash provided (used) by operating activities |
|
|
|
|
|
|
|
|
|
|
|
882
|
1,830
|
1,968
|
| Cash provided (used) by investing activities |
|
|
|
|
|
|
|
|
|
|
|
(709)
|
(696)
|
(493)
|
| Cash provided (used) by financing activities |
|
|
|
|
|
|
|
|
|
|
|
(488)
|
(1,188)
|
(1,711)
|
| Net cash provided (used) by discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
(315)
|
(54)
|
(236)
|
| Net increase (decrease) in cash, cash equivalents and restricted cash |
|
|
|
|
|
|
|
|
|
|
|
935
|
(248)
|
(648)
|
| Cash, cash equivalents and restricted cash at beginning of period |
|
|
|
|
|
|
2,028
|
|
|
|
2,276
|
2,028
|
2,276
|
2,924
|
| Cash, cash equivalents and restricted cash at end of period |
|
|
|
2,963
|
|
|
|
2,028
|
|
|
|
2,963
|
2,028
|
2,276
|
| Formula One Group |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Cash Provided by (Used in) Operating Activities [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net earnings (loss) |
|
|
|
|
|
|
|
|
|
|
|
(30)
|
184
|
562
|
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
352
|
369
|
362
|
| Stock-based compensation |
|
|
|
|
|
|
|
|
|
|
|
30
|
20
|
16
|
| Non-cash impairment costs |
|
|
|
|
|
|
|
|
|
|
|
73
|
|
|
| Share of (earnings) loss of affiliates, net |
|
|
|
|
|
|
|
|
|
|
|
10
|
4
|
|
| Unrealized (gains) losses on intergroup interests, net |
|
|
|
|
|
|
|
|
|
|
|
|
(15)
|
(54)
|
| Realized and unrealized (gains) losses on financial instruments, net |
|
|
|
|
|
|
|
|
|
|
|
120
|
(42)
|
(115)
|
| Loss (gain) on early extinguishment of debt |
|
|
|
|
|
|
|
|
|
|
|
6
|
(1)
|
(14)
|
| Deferred income tax expense (benefit) |
|
|
|
|
|
|
|
|
|
|
|
35
|
18
|
(306)
|
| Intergroup tax allocation |
|
|
|
|
|
|
|
|
|
|
|
(107)
|
(176)
|
(109)
|
| Intergroup tax (payments) receipts |
|
|
|
|
|
|
|
|
|
|
|
129
|
122
|
72
|
| Other, net |
|
|
|
|
|
|
|
|
|
|
|
14
|
4
|
4
|
| Increase (Decrease) in Operating Capital [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Current and other assets |
|
|
|
|
|
|
|
|
|
|
|
39
|
46
|
(87)
|
| Payables and other liabilities |
|
|
|
|
|
|
|
|
|
|
|
(104)
|
86
|
203
|
| Net cash provided (used) by operating activities |
|
|
|
|
|
|
|
|
|
|
|
567
|
619
|
534
|
| Net Cash Provided by (Used in) Investing Activities [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Capital expended for property and equipment, including internal-use software and website development |
|
|
|
|
|
|
|
|
|
|
|
(75)
|
(426)
|
(291)
|
| Cash (paid) received for acquisitions, net of cash acquired |
|
|
|
|
|
|
|
|
|
|
|
(205)
|
|
|
| Investments in equity method affiliates and debt and equity securities |
|
|
|
|
|
|
|
|
|
|
|
(8)
|
(173)
|
(52)
|
| Return of investment in equity method affiliates |
|
|
|
|
|
|
|
|
|
|
|
1
|
|
9
|
| Other investing activities, net |
|
|
|
|
|
|
|
|
|
|
|
(15)
|
(21)
|
96
|
| Subsidiary initial public offering proceeds returned from (invested in) trust account |
|
|
|
|
|
|
|
|
|
|
|
|
|
579
|
| Cash proceeds from dispositions of investments |
|
|
|
|
|
|
|
|
|
|
|
10
|
110
|
53
|
| Net cash provided (used) by investing activities |
|
|
|
|
|
|
|
|
|
|
|
(292)
|
(510)
|
394
|
| Net Cash Provided by (Used in) Financing Activities [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Borrowings of debt |
|
|
|
|
|
|
|
|
|
|
|
645
|
|
2,884
|
| Repayments of debt |
|
|
|
|
|
|
|
|
|
|
|
(677)
|
(70)
|
(3,564)
|
| Issuance of Series C Liberty Formula One common stock |
|
|
|
|
|
|
|
|
|
|
|
939
|
|
|
| Repayment of initial public offering proceeds to subsidiary shareholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
(579)
|
| Settlement of intergroup interests |
$ (71)
|
$ (202)
|
$ (64)
|
|
|
|
|
|
|
|
|
|
(273)
|
(64)
|
| Liberty stock repurchases |
|
|
|
|
|
|
|
|
|
|
|
|
|
(37)
|
| Taxes paid in lieu of shares issued for stock-based compensation |
|
|
|
|
|
|
|
|
|
|
|
(14)
|
(9)
|
24
|
| Reclassification |
|
|
|
|
|
|
|
|
|
|
|
|
(100)
|
|
| Other financing activities, net |
|
|
|
|
|
|
|
|
|
|
|
72
|
17
|
67
|
| Net cash provided (used) by financing activities |
|
|
|
|
|
|
|
|
|
|
|
965
|
(435)
|
(1,269)
|
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash |
|
|
|
|
|
|
|
|
|
|
|
(10)
|
1
|
|
| Net cash provided (used) by discontinued operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net increase (decrease) in cash, cash equivalents and restricted cash |
|
|
|
|
|
|
|
|
|
|
|
1,230
|
(325)
|
(341)
|
| Cash, cash equivalents and restricted cash at beginning of period |
|
|
|
|
|
|
1,408
|
|
|
|
1,733
|
1,408
|
1,733
|
2,074
|
| Cash, cash equivalents and restricted cash at end of period |
|
|
|
2,638
|
|
|
|
1,408
|
|
|
|
2,638
|
1,408
|
1,733
|
| Liberty Live Group |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Cash Provided by (Used in) Operating Activities [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net earnings (loss) |
|
|
|
|
|
|
|
|
|
|
|
(33)
|
(142)
|
|
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stock-based compensation |
|
|
|
|
|
|
|
|
|
|
|
4
|
2
|
|
| Share of (earnings) loss of affiliates, net |
|
|
|
|
|
|
|
|
|
|
|
(238)
|
(22)
|
|
| Realized and unrealized (gains) losses on financial instruments, net |
|
|
|
|
|
|
|
|
|
|
|
263
|
153
|
|
| Loss (gain) on early extinguishment of debt |
|
|
|
|
|
|
|
|
|
|
|
|
35
|
|
| Deferred income tax expense (benefit) |
|
|
|
|
|
|
|
|
|
|
|
(6)
|
(37)
|
|
| Intergroup tax allocation |
|
|
|
|
|
|
|
|
|
|
|
(2)
|
|
|
| Intergroup tax (payments) receipts |
|
|
|
|
|
|
|
|
|
|
|
2
|
|
|
| Other, net |
|
|
|
|
|
|
|
|
|
|
|
(4)
|
(2)
|
|
| Increase (Decrease) in Operating Capital [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Current and other assets |
|
|
|
|
|
|
|
|
|
|
|
|
(5)
|
|
| Payables and other liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
5
|
|
| Net cash provided (used) by operating activities |
|
|
|
|
|
|
|
|
|
|
|
(14)
|
(13)
|
|
| Net Cash Provided by (Used in) Investing Activities [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments in equity method affiliates and debt and equity securities |
|
|
|
|
|
|
|
|
|
|
|
(3)
|
(3)
|
|
| Other investing activities, net |
|
|
|
|
|
|
|
|
|
|
|
1
|
3
|
|
| Cash proceeds from dispositions of investments |
|
|
|
|
|
|
|
|
|
|
|
107
|
1
|
|
| Net cash provided (used) by investing activities |
|
|
|
|
|
|
|
|
|
|
|
105
|
1
|
|
| Net Cash Provided by (Used in) Financing Activities [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Borrowings of debt |
|
|
|
|
|
|
|
|
|
|
|
|
1,135
|
|
| Repayments of debt |
|
|
|
|
|
|
|
|
|
|
|
(71)
|
(918)
|
|
| Taxes paid in lieu of shares issued for stock-based compensation |
|
|
|
|
|
|
|
|
|
|
|
(3)
|
|
|
| Reclassification |
|
|
|
|
|
|
|
|
|
|
|
|
100
|
|
| Other financing activities, net |
|
|
|
|
|
|
|
|
|
|
|
3
|
|
|
| Net cash provided (used) by financing activities |
|
|
|
|
|
|
|
|
|
|
|
(71)
|
317
|
|
| Net cash provided (used) by discontinued operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net increase (decrease) in cash, cash equivalents and restricted cash |
|
|
|
|
|
|
|
|
|
|
|
20
|
305
|
|
| Cash, cash equivalents and restricted cash at beginning of period |
|
|
|
|
|
|
305
|
|
|
|
|
305
|
|
|
| Cash, cash equivalents and restricted cash at end of period |
|
|
|
$ 325
|
|
|
|
305
|
|
|
|
325
|
305
|
|
| Liberty SiriusXM Group |
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| Net Cash Provided by (Used in) Operating Activities [Abstract] |
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| Net earnings (loss) |
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(2,412)
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1,031
|
1,502
|
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
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| (Earnings) loss from discontinued operations |
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2,412
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(986)
|
(1,120)
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| Share of (earnings) loss of affiliates, net |
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|
|
|
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|
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(127)
|
(72)
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| Realized and unrealized (gains) losses on financial instruments, net |
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|
|
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|
59
|
(396)
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| Deferred income tax expense (benefit) |
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13
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166
|
| Intergroup tax allocation |
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(1)
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(65)
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| Other, net |
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|
6
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(23)
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| Increase (Decrease) in Operating Capital [Abstract] |
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| Payables and other liabilities |
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1
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(1)
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| Net cash provided (used) by operating activities |
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(4)
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(9)
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| Net Cash Provided by (Used in) Financing Activities [Abstract] |
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| Borrowings of debt |
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250
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| Repayments of debt |
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(914)
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| Distribution from former subsidiary |
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3
|
672
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| Other financing activities, net |
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|
|
|
|
|
|
|
|
1
|
| Net cash provided (used) by financing activities |
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|
|
|
|
|
|
|
|
|
|
3
|
9
|
| Net cash provided (used) by discontinued operations: |
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| Cash provided (used) by operating activities |
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|
|
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|
|
|
|
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|
882
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1,830
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1,968
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| Cash provided (used) by investing activities |
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(709)
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(696)
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(493)
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| Cash provided (used) by financing activities |
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(488)
|
(1,188)
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(1,711)
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| Net cash provided (used) by discontinued operations |
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(315)
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(54)
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(236)
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| Net increase (decrease) in cash, cash equivalents and restricted cash |
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(315)
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(55)
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(236)
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| Cash, cash equivalents and restricted cash at beginning of period |
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$ 315
|
|
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|
370
|
$ 315
|
370
|
606
|
| Cash, cash equivalents and restricted cash at end of period |
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$ 315
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315
|
370
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| Liberty Braves Group |
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| Net Cash Provided by (Used in) Operating Activities [Abstract] |
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| Net earnings (loss) |
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|
|
|
|
|
|
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|
(111)
|
(35)
|
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
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| Depreciation and amortization |
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37
|
71
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| Stock-based compensation |
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7
|
12
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| Non-cash impairment costs |
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5
|
| Share of (earnings) loss of affiliates, net |
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(12)
|
(32)
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| Unrealized (gains) losses on intergroup interests, net |
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|
|
|
|
|
|
|
|
|
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|
83
|
35
|
| Realized and unrealized (gains) losses on financial instruments, net |
|
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|
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|
|
|
|
|
|
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|
(3)
|
(13)
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| Deferred income tax expense (benefit) |
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|
|
|
|
|
|
|
|
|
|
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(3)
|
(10)
|
| Intergroup tax allocation |
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|
|
|
|
|
|
|
|
|
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|
(1)
|
18
|
| Intergroup tax (payments) receipts |
|
|
|
|
|
|
|
|
|
|
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(1)
|
8
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| Other, net |
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|
|
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|
|
|
|
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4
|
3
|
| Increase (Decrease) in Operating Capital [Abstract] |
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|
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| Current and other assets |
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|
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|
|
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(34)
|
(10)
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| Payables and other liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
66
|
1
|
| Net cash provided (used) by operating activities |
|
|
|
|
|
|
|
|
|
|
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|
32
|
53
|
| Net Cash Provided by (Used in) Investing Activities [Abstract] |
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| Capital expended for property and equipment, including internal-use software and website development |
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(35)
|
(18)
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| Investments in equity method affiliates and debt and equity securities |
|
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(5)
|
| Return of investment in equity method affiliates |
|
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|
|
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|
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28
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| Cash proceeds from dispositions of investments |
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|
|
|
|
|
|
|
|
|
|
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|
48
|
| Net cash provided (used) by investing activities |
|
|
|
|
|
|
|
|
|
|
|
|
(35)
|
53
|
| Net Cash Provided by (Used in) Financing Activities [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Borrowings of debt |
|
|
|
|
|
|
|
|
|
|
|
|
30
|
155
|
| Repayments of debt |
|
|
|
|
|
|
|
|
|
|
|
|
(20)
|
(309)
|
| Settlement of intergroup interests |
|
|
$ (14)
|
|
|
|
|
|
|
|
|
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|
(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)
|
| Net cash provided (used) by financing activities |
|
|
|
|
|
|
|
|
|
|
|
|
(170)
|
(177)
|
| Net cash provided (used) by discontinued operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net increase (decrease) in cash, cash equivalents and restricted cash |
|
|
|
|
|
|
|
|
|
|
|
|
(173)
|
(71)
|
| Cash, cash equivalents and restricted cash at beginning of period |
|
|
|
|
|
|
|
|
|
|
$ 173
|
|
$ 173
|
244
|
| Cash, cash equivalents and restricted cash at end of period |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 173
|