Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net earnings (loss) $ 213 $ 44
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 216 164
Stock-based compensation 46 44
Share of (earnings) loss of affiliates, net 8 4
Realized and unrealized (gains) losses on financial instruments, net (153) 12
Noncash interest expense   2
Deferred income tax expense (benefit) 20 126
Other, net 17 2
Changes in operating assets and liabilities    
Current and other assets (97) 8
Payables and other current liabilities 354 (3)
Net cash provided (used) by operating activities 624 403
Cash flows from investing activities:    
Investments in equity method affiliates and debt and equity securities (393) (5)
Cash proceeds from sale of investments 9  
Net cash paid for the acquisition of Formula 1   (1,647)
Capital expended for property and equipment (89) (156)
Other investing activities, net 49 11
Net cash provided (used) by investing activities (424) (1,797)
Cash flows from financing activities:    
Borrowings of debt 1,317 1,844
Repayments of debt (1,154) (1,154)
Proceeds from Issuance of Series C Liberty Formula One Common Stock   1,550
Series C Liberty SiriusXM stock repurchases (31)  
Shares repurchased by subsidiary (309) (306)
Cash dividends paid by subsidiary (15) (15)
Taxes paid in lieu of shares issued for stock-based compensation (28) (22)
Other financing activities, net 50 5
Net cash provided (used) by financing activities (170) 1,902
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 2 1
Net increase (decrease) in cash, cash equivalents and restricted cash 32 509
Cash, cash equivalents and restricted cash at beginning of period 1,047 572
Cash, cash equivalents and restricted cash at end of period 1,079 1,081
Liberty Sirius XM Group    
Cash flows from operating activities:    
Net earnings (loss) 282 189
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 89 90
Stock-based compensation 40 34
Share of (earnings) loss of affiliates, net (1) (3)
Realized and unrealized (gains) losses on financial instruments, net (58)  
Noncash interest expense (1) 2
Deferred income tax expense (benefit) 73 107
Other, net   4
Changes in operating assets and liabilities    
Current and other assets (12) (14)
Payables and other current liabilities (19) (100)
Net cash provided (used) by operating activities 393 304
Cash flows from investing activities:    
Investments in equity method affiliates and debt and equity securities (389)  
Capital expended for property and equipment (82) (54)
Other investing activities, net   (7)
Net cash provided (used) by investing activities (471) (61)
Cash flows from financing activities:    
Borrowings of debt 1,021 330
Repayments of debt (569) (194)
Series C Liberty SiriusXM stock repurchases (31)  
Shares repurchased by subsidiary (309) (306)
Cash dividends paid by subsidiary (15) (15)
Taxes paid in lieu of shares issued for stock-based compensation (27) (20)
Other financing activities, net 51 5
Net cash provided (used) by financing activities 121 (200)
Net increase (decrease) in cash, cash equivalents and restricted cash 43 43
Cash, cash equivalents and restricted cash at beginning of period 625 297
Cash, cash equivalents and restricted cash at end of period 668 340
Braves Group    
Cash flows from operating activities:    
Net earnings (loss) (52) (49)
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 16 2
Stock-based compensation   2
Share of (earnings) loss of affiliates, net (3) (3)
Noncash interest expense 1  
Deferred income tax expense (benefit) (2) 31
Other, net 11  
Changes in operating assets and liabilities    
Current and other assets (17) (15)
Payables and other current liabilities 97 53
Net cash provided (used) by operating activities 52 12
Cash flows from investing activities:    
Investments in equity method affiliates and debt and equity securities   (2)
Capital expended for property and equipment (6) (102)
Other investing activities, net 37 18
Net cash provided (used) by investing activities 31 (86)
Cash flows from financing activities:    
Borrowings of debt 7 114
Repayments of debt (89) (32)
Net cash provided (used) by financing activities (82) 82
Net increase (decrease) in cash, cash equivalents and restricted cash 1 8
Cash, cash equivalents and restricted cash at beginning of period 140 107
Cash, cash equivalents and restricted cash at end of period 141 115
Formula One Group    
Cash flows from operating activities:    
Net earnings (loss) (17) (96)
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 111 72
Stock-based compensation 6 8
Share of (earnings) loss of affiliates, net 12 10
Realized and unrealized (gains) losses on financial instruments, net (95) 12
Deferred income tax expense (benefit) (51) (12)
Other, net 6 (2)
Changes in operating assets and liabilities    
Current and other assets (68) 37
Payables and other current liabilities 276 44
Net cash provided (used) by operating activities 179 87
Cash flows from investing activities:    
Investments in equity method affiliates and debt and equity securities (4) (3)
Cash proceeds from sale of investments 9  
Net cash paid for the acquisition of Formula 1   (1,647)
Capital expended for property and equipment (1)  
Other investing activities, net 12  
Net cash provided (used) by investing activities 16 (1,650)
Cash flows from financing activities:    
Borrowings of debt 289 1,400
Repayments of debt (496) (928)
Proceeds from Issuance of Series C Liberty Formula One Common Stock   1,550
Taxes paid in lieu of shares issued for stock-based compensation (1) (2)
Other financing activities, net (1)  
Net cash provided (used) by financing activities (209) 2,020
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 2 1
Net increase (decrease) in cash, cash equivalents and restricted cash (12) 458
Cash, cash equivalents and restricted cash at beginning of period 282 168
Cash, cash equivalents and restricted cash at end of period $ 270 $ 626