Annual report pursuant to Section 13 and 15(d)

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

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Financial Information for Tracking Stock Groups - Cash Flows (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net earnings (loss) $ 744 $ (1,391) $ 347
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 1,072 1,083 1,061
Stock-based compensation 256 261 312
Non-cash impairment and restructuring costs 24 1,000  
Share of (earnings) loss of affiliates, net 200 586 (6)
Realized and unrealized (gains) losses on financial instruments, net 451 402 315
Noncash interest expense 16 17 9
Losses (gains) on dilution of investment in affiliate (152) (4) (7)
Loss on early extinguishment of debt 80 40 57
Deferred income tax expense (benefit) (41) (95) 120
Other charges (credits), net 2 11 8
Changes in operating assets and liabilities      
Current and other assets (104) (34) (3)
Payables and other liabilities (111) (146) 100
Net cash provided (used) by operating activities 2,437 1,730 2,313
Cash flows from investing activities:      
Investment of subsidiary initial public offering proceeds into trust account (575)    
Cash proceeds from sale of investments 383 13 442
Cash (paid) received for acquisitions, net of cash acquired (14) (300) 313
Investments in equity method affiliates and debt and equity securities (252) (113) (29)
Return of investment in equity method affiliates 40 105 23
Repayment of loans and other cash receipts from equity method affiliates and debt and equity securities 12 20 11
Capital expended for property and equipment, including internal-use software and website development (440) (452) (510)
Proceeds from insurance recoveries 225    
Other investing activities, net (68) (9) 64
Net cash provided (used) by investing activities (689) (736) 314
Cash flows from financing activities:      
Borrowings of debt 6,411 4,898 6,020
Repayments of debt (6,287) (2,931) (4,871)
Liberty stock repurchases (555) (318) (443)
Subsidiary shares repurchased by subsidiary (1,523) (1,555) (2,159)
Proceeds from Liberty SiriusXM common stock rights offering   754  
Cash dividends paid by subsidiary (58) (64) (68)
Taxes paid in lieu of shares issued for stock-based compensation (154) (120) (211)
Proceeds from initial public offering of subsidiary 575    
Other financing activities, net (107) (90) (41)
Net cash provided (used) by financing activities (1,698) 574 (1,773)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (3) 3  
Net increase (decrease) in cash, cash equivalents and restricted cash 47 1,571 854
Cash, cash equivalents and restricted cash at beginning of period 2,877 1,306 452
Cash, cash equivalents and restricted cash at end of period 2,924 2,877 1,306
Liberty SiriusXM Group      
Cash flows from operating activities:      
Net earnings (loss) 875 (719) 735
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 603 573 537
Stock-based compensation 215 234 267
Non-cash impairment and restructuring costs 24 1,000  
Share of (earnings) loss of affiliates, net 253 484 24
Unrealized (gains) losses on intergroup interests, net (121) (125)  
Realized and unrealized (gains) losses on financial instruments, net 433 521 41
Noncash interest expense 15 12 7
Losses (gains) on dilution of investment in affiliate (152) (4)  
Loss on early extinguishment of debt 83 40 57
Deferred income tax expense (benefit) (12) 40 268
Intergroup tax allocation 9 5 (21)
Intergroup tax (payments) receipts (2) 8 (3)
Other charges (credits), net (15) 2 4
Changes in operating assets and liabilities      
Current and other assets (59) 32 (11)
Payables and other liabilities (255) (179) 39
Net cash provided (used) by operating activities 1,894 1,924 1,944
Cash flows from investing activities:      
Cash proceeds from sale of investments 177   373
Cash (paid) received for acquisitions, net of cash acquired (14) (300) 313
Investments in equity method affiliates and debt and equity securities (73) (96) (19)
Return of investment in equity method affiliates 1    
Repayment of loans and other cash receipts from equity method affiliates and debt and equity securities 12 20 11
Capital expended for property and equipment, including internal-use software and website development (388) (350) (363)
Proceeds from insurance recoveries 225    
Other investing activities, net (4) (8) 69
Net cash provided (used) by investing activities (64) (734) 384
Cash flows from financing activities:      
Borrowings of debt 6,294 4,149 5,795
Repayments of debt (5,872) (2,203) (4,833)
Intergroup Loan (repayment) borrowing   (750)  
Liberty stock repurchases (500) (249) (419)
Subsidiary shares repurchased by subsidiary (1,523) (1,555) (2,159)
Reattribution between Liberty SiriusXM Group and Liberty Formula One Group   (608)  
Proceeds from Liberty SiriusXM common stock rights offering   754  
Cash dividends paid by subsidiary (58) (64) (68)
Taxes paid in lieu of shares issued for stock-based compensation (106) (116) (201)
Settlement of intergroup call spread (384)    
Other financing activities, net (83) (47) (38)
Net cash provided (used) by financing activities (2,232) (689) (1,923)
Net increase (decrease) in cash, cash equivalents and restricted cash (402) 501 405
Cash, cash equivalents and restricted cash at beginning of period 1,008 507 102
Cash, cash equivalents and restricted cash at end of period 606 1,008 507
Braves Group      
Cash flows from operating activities:      
Net earnings (loss) (11) (78) (77)
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 72 69 71
Stock-based compensation 12 6 17
Share of (earnings) loss of affiliates, net (30) (6) (18)
Unrealized (gains) losses on intergroup interests, net 31 (42) 42
Realized and unrealized (gains) losses on financial instruments, net (3) 10 4
Noncash interest expense   1 1
Deferred income tax expense (benefit) 12 (10) (7)
Intergroup tax allocation (4) (28) (8)
Intergroup tax (payments) receipts 7 2 21
Other charges (credits), net 20 9 18
Changes in operating assets and liabilities      
Current and other assets (43) (29) (12)
Payables and other liabilities (1) 41 23
Net cash provided (used) by operating activities 62 (55) 75
Cash flows from investing activities:      
Cash proceeds from sale of investments 2    
Investments in equity method affiliates and debt and equity securities     (4)
Capital expended for property and equipment, including internal-use software and website development (35) (81) (103)
Other investing activities, net 8 4  
Net cash provided (used) by investing activities (25) (77) (107)
Cash flows from financing activities:      
Borrowings of debt 117 228 96
Repayments of debt (93) (114) (31)
Taxes paid in lieu of shares issued for stock-based compensation   (1) (4)
Other financing activities, net (2) (8) (7)
Net cash provided (used) by financing activities 22 105 54
Net increase (decrease) in cash, cash equivalents and restricted cash 59 (27) 22
Cash, cash equivalents and restricted cash at beginning of period 185 212 190
Cash, cash equivalents and restricted cash at end of period 244 185 212
Formula One Group      
Cash flows from operating activities:      
Net earnings (loss) (120) (594) (311)
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 397 441 453
Stock-based compensation 29 21 28
Share of (earnings) loss of affiliates, net (23) 108 (12)
Unrealized (gains) losses on intergroup interests, net 90 167 (42)
Realized and unrealized (gains) losses on financial instruments, net 21 (129) 270
Noncash interest expense 1 4 1
Losses (gains) on dilution of investment in affiliate     (7)
Loss on early extinguishment of debt (3)    
Deferred income tax expense (benefit) (41) (125) (141)
Intergroup tax allocation (5) 23 29
Intergroup tax (payments) receipts (5) (10) (18)
Other charges (credits), net (3)   (14)
Changes in operating assets and liabilities      
Current and other assets (2) (37) 20
Payables and other liabilities 145 (8) 38
Net cash provided (used) by operating activities 481 (139) 294
Cash flows from investing activities:      
Investment of subsidiary initial public offering proceeds into trust account (575)    
Cash proceeds from sale of investments 204 13 69
Investments in equity method affiliates and debt and equity securities (179) (17) (6)
Return of investment in equity method affiliates 39 105 23
Capital expended for property and equipment, including internal-use software and website development (17) (21) (44)
Other investing activities, net (72) (5) (5)
Net cash provided (used) by investing activities (600) 75 37
Cash flows from financing activities:      
Borrowings of debt   521 129
Repayments of debt (322) (614) (7)
Intergroup Loan (repayment) borrowing   750  
Liberty stock repurchases (55) (69) (24)
Reattribution between Liberty SiriusXM Group and Liberty Formula One Group   608  
Taxes paid in lieu of shares issued for stock-based compensation (48) (3) (6)
Proceeds from initial public offering of subsidiary 575    
Settlement of intergroup call spread 384    
Other financing activities, net (22) (35) 4
Net cash provided (used) by financing activities 512 1,158 96
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (3) 3  
Net increase (decrease) in cash, cash equivalents and restricted cash 390 1,097 427
Cash, cash equivalents and restricted cash at beginning of period 1,684 587 160
Cash, cash equivalents and restricted cash at end of period $ 2,074 $ 1,684 $ 587