Schedule Of Equity Ownership And Carrying Amount |
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December 31, 2021 |
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December 31, 2020 |
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Percentage |
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Fair Value |
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Carrying |
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Carrying |
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|
|
ownership |
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(Level 1) |
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amount |
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amount |
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|
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dollar amounts in millions |
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Liberty SiriusXM Group |
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|
|
|
|
|
|
|
|
|
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Live Nation |
|
31% |
|
$ |
8,336 |
|
$ |
89 |
|
163 |
|
Sirius XM Canada |
|
70% |
|
|
NA |
|
|
642 |
|
643 |
|
Other |
|
|
|
|
|
|
|
74 |
|
80 |
|
Total Liberty SiriusXM Group |
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|
|
|
|
|
|
805 |
|
886 |
|
|
|
|
|
|
|
|
|
|
|
|
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Braves Group |
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|
|
|
|
|
|
|
|
|
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Other |
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NA |
|
|
NA |
|
|
110 |
|
94 |
|
Total Braves Group |
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|
|
|
|
|
|
110 |
|
94 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Formula One Group |
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|
|
|
|
|
|
|
|
|
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Other |
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various |
|
|
NA |
|
|
30 |
|
38 |
|
Total Formula One Group |
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|
|
|
|
|
|
30 |
|
38 |
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Consolidated Liberty |
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|
|
|
|
|
$ |
945 |
|
1,018 |
|
|
Summarized financial information |
Consolidated Balance Sheets
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December 31, |
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December 31, |
|
|
|
2021 |
|
2020 |
|
|
|
|
amounts in millions |
|
Current assets |
|
$ |
6,684 |
|
3,650 |
|
Property, plant and equipment, net |
|
|
1,092 |
|
1,101 |
|
Intangible assets |
|
|
1,395 |
|
1,225 |
|
Goodwill |
|
|
2,591 |
|
2,129 |
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Other assets |
|
|
2,640 |
|
2,484 |
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Total assets |
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$ |
14,402 |
|
10,589 |
|
|
|
|
|
|
|
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Current liabilities |
|
$ |
6,856 |
|
3,797 |
|
Long-term debt, net |
|
|
5,145 |
|
4,855 |
|
Other liabilities |
|
|
2,037 |
|
1,799 |
|
Redeemable noncontrolling interests |
|
|
552 |
|
272 |
|
Equity |
|
|
(188) |
|
(134) |
|
Total liabilities and equity |
|
$ |
14,402 |
|
10,589 |
|
Consolidated Statements of Operations
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|
|
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Years ended December 31, |
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|
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2021 |
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2020 |
|
2019 |
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|
|
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amounts in millions |
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Revenue |
|
$ |
6,268 |
|
1,861 |
|
11,548 |
|
Operating expenses: |
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|
|
|
|
|
|
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Direct operating expenses |
|
|
4,356 |
|
1,402 |
|
8,467 |
|
Selling, general and administrative expenses |
|
|
1,755 |
|
1,524 |
|
2,145 |
|
Depreciation and amortization |
|
|
416 |
|
485 |
|
444 |
|
Other operating expenses |
|
|
159 |
|
103 |
|
167 |
|
|
|
|
6,686 |
|
3,514 |
|
11,223 |
|
Operating income (loss) |
|
|
(418) |
|
(1,653) |
|
325 |
|
Interest expense |
|
|
(282) |
|
(227) |
|
(158) |
|
Other income (expense), net |
|
|
89 |
|
23 |
|
18 |
|
Earnings (loss) before income taxes |
|
|
(611) |
|
(1,857) |
|
185 |
|
Income tax (expense) benefit |
|
|
2 |
|
29 |
|
(67) |
|
Net earnings (loss) |
|
|
(609) |
|
(1,828) |
|
118 |
|
Less net earnings (loss) attributable to noncontrolling interests |
|
|
42 |
|
(103) |
|
48 |
|
Net earnings (loss) attributable to Live Nation stockholders |
|
$ |
(651) |
|
(1,725) |
|
70 |
|
|