Quarterly report pursuant to Section 13 or 15(d)

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

v3.22.2.2
Financial Information for Tracking Stock Groups - Cash Flows (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:        
Net earnings (loss) $ 434 $ 400 $ 1,404 $ 914
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:        
Depreciation and amortization 268 274 790 806
Stock-based compensation     173 188
Non-cash impairment and restructuring costs     73 24
Share of (earnings) loss of affiliates, net (111) (9) (158) 134
Realized and unrealized (gains) losses on financial instruments, net (106) 40 (545) (66)
Gains (losses) on dilution of investment in affiliate (2) (142) (9) (152)
Deferred income tax expense (benefit)     277 33
Other charges (credits), net     (18) 87
Changes in operating assets and liabilities        
Current and other assets     (102) (45)
Payables and other liabilities     (145) (250)
Net cash provided (used) by operating activities     1,740 1,673
Cash flows from investing activities:        
Investments in equity method affiliates and debt and equity securities     (41) (218)
Investment of subsidiary initial public offering proceeds into trust account       (575)
Cash proceeds from dispositions     149 196
Cash (paid) received for acquisitions, net of cash acquired     (136) (14)
Capital expended for property and equipment, including internal-use software and website development     (555) (280)
Proceeds from insurance recoveries       225
Other investing activities, net     77 51
Net cash provided (used) by investing activities     (506) (615)
Cash flows from financing activities:        
Borrowings of debt     3,622 6,407
Repayments of debt     (3,948) (6,129)
Liberty stock repurchases     (395) (398)
Subsidiary shares repurchased by subsidiary     (599) (1,174)
Cash dividends paid by subsidiary     (233) (41)
Taxes paid in lieu of shares issued for stock-based compensation     (109) (93)
Proceeds from initial public offering of subsidiary       575
Other financing activities, net     82 (128)
Net cash provided (used) by financing activities     (1,580) (981)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash     (13) (5)
Net increase (decrease) in cash, cash equivalents and restricted cash     (359) 72
Cash, cash equivalents and restricted cash at beginning of period     2,924 2,877
Cash, cash equivalents and restricted cash at end of period 2,565 2,949 2,565 2,949
Liberty SiriusXM Group        
Cash flows from operating activities:        
Net earnings (loss) 346 413 1,188 883
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:        
Depreciation and amortization 157 152 461 451
Stock-based compensation     152 158
Non-cash impairment and restructuring costs     68 24
Share of (earnings) loss of affiliates, net (104) (2) (140) 181
Unrealized (gains) losses on intergroup interests, net 16 (20) 31 (52)
Realized and unrealized (gains) losses on financial instruments, net (76) 42 (433) 42
Gains (losses) on dilution of investment in affiliate (2) (142) (9) (152)
Deferred income tax expense (benefit)     267 66
Intergroup tax allocation     80 5
Intergroup tax (payments) receipts     (66)  
Other charges (credits), net     (11) 77
Changes in operating assets and liabilities        
Current and other assets     41 54
Payables and other liabilities     (325) (439)
Net cash provided (used) by operating activities     1,304 1,298
Cash flows from investing activities:        
Investments in equity method affiliates and debt and equity securities     (1) (66)
Cash proceeds from dispositions     50 27
Cash (paid) received for acquisitions, net of cash acquired     (136) (14)
Capital expended for property and equipment, including internal-use software and website development     (279) (244)
Proceeds from insurance recoveries       225
Other investing activities, net     4 6
Net cash provided (used) by investing activities     (362) (66)
Cash flows from financing activities:        
Borrowings of debt     3,019 6,294
Repayments of debt     (3,079) (5,871)
Intergroup (repayments) borrowings     78  
Liberty stock repurchases     (358) (351)
Subsidiary shares repurchased by subsidiary     (599) (1,174)
Cash dividends paid by subsidiary     (233) (41)
Taxes paid in lieu of shares issued for stock-based compensation     (134) (91)
Settlement of intergroup call spread       (384)
Other financing activities, net     30 (85)
Net cash provided (used) by financing activities     (1,276) (1,703)
Net increase (decrease) in cash, cash equivalents and restricted cash     (334) (471)
Cash, cash equivalents and restricted cash at beginning of period     606 1,008
Cash, cash equivalents and restricted cash at end of period 272 537 272 537
Braves Group        
Cash flows from operating activities:        
Net earnings (loss) (22) 36 29 2
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:        
Depreciation and amortization 22 22 57 56
Stock-based compensation     9 9
Non-cash impairment and restructuring costs     5  
Share of (earnings) loss of affiliates, net (6) (9) (18) (20)
Unrealized (gains) losses on intergroup interests, net 31 (12) (5) 15
Realized and unrealized (gains) losses on financial instruments, net (6)   (12) (1)
Deferred income tax expense (benefit)     (6) 10
Intergroup tax allocation     15 (2)
Intergroup tax (payments) receipts     9  
Other charges (credits), net     (3) 7
Changes in operating assets and liabilities        
Current and other assets     (52) (52)
Payables and other liabilities     (8) (16)
Net cash provided (used) by operating activities     20 8
Cash flows from investing activities:        
Investments in equity method affiliates and debt and equity securities     (5)  
Cash proceeds from dispositions     48 2
Capital expended for property and equipment, including internal-use software and website development     (13) (26)
Other investing activities, net       8
Net cash provided (used) by investing activities     30 (16)
Cash flows from financing activities:        
Borrowings of debt     135 113
Repayments of debt     (235) (67)
Intergroup (repayments) borrowings     (14)  
Other financing activities, net     (6) (6)
Net cash provided (used) by financing activities     (120) 40
Net increase (decrease) in cash, cash equivalents and restricted cash     (70) 32
Cash, cash equivalents and restricted cash at beginning of period     244 185
Cash, cash equivalents and restricted cash at end of period 174 217 174 217
Formula One Group        
Cash flows from operating activities:        
Net earnings (loss) 110 (49) 187 29
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:        
Depreciation and amortization 89 100 272 299
Stock-based compensation     12 21
Share of (earnings) loss of affiliates, net (1) 2   (27)
Unrealized (gains) losses on intergroup interests, net (47) 32 (26) 37
Realized and unrealized (gains) losses on financial instruments, net (24) (2) (100) (107)
Deferred income tax expense (benefit)     16 (43)
Intergroup tax allocation     (95) (3)
Intergroup tax (payments) receipts     57  
Other charges (credits), net     (4) 3
Changes in operating assets and liabilities        
Current and other assets     (91) (47)
Payables and other liabilities     188 205
Net cash provided (used) by operating activities     416 367
Cash flows from investing activities:        
Investments in equity method affiliates and debt and equity securities     (35) (152)
Investment of subsidiary initial public offering proceeds into trust account       (575)
Cash proceeds from dispositions     51 167
Capital expended for property and equipment, including internal-use software and website development     (263) (10)
Other investing activities, net     73 37
Net cash provided (used) by investing activities     (174) (533)
Cash flows from financing activities:        
Borrowings of debt     468  
Repayments of debt     (634) (191)
Intergroup (repayments) borrowings     (64)  
Liberty stock repurchases     (37) (47)
Taxes paid in lieu of shares issued for stock-based compensation     25 (2)
Proceeds from initial public offering of subsidiary       575
Settlement of intergroup call spread       384
Other financing activities, net     58 (37)
Net cash provided (used) by financing activities     (184) 682
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash     (13) (5)
Net increase (decrease) in cash, cash equivalents and restricted cash     45 511
Cash, cash equivalents and restricted cash at beginning of period     2,074 1,684
Cash, cash equivalents and restricted cash at end of period $ 2,119 $ 2,195 $ 2,119 $ 2,195