Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,055 $ 2,631
Trade and other receivables, net 115 114
Contract assets 114 114
Other current assets 89 163
Current assets of discontinued operations   326
Total current assets 1,373 3,348
Property and equipment, at cost 1,087 1,007
Accumulated depreciation (219) (197)
Property and equipment, net 868 810
Intangible assets not subject to amortization:    
Goodwill 7,025 4,134
Intangible assets subject to amortization, net 5,102 2,689
Deferred income tax assets 539 577
Other assets 491 778
Noncurrent assets of discontinued operations   665
Total assets 15,398 13,001
Current liabilities:    
Accounts payable and accrued liabilities 575 649
Current portion of debt 52 26
Deferred revenue 263 267
Financial instrument liabilities   138
Other current liabilities 49 54
Total current liabilities 939 1,134
Long-term debt, including $597 million and $588 million measured at fair value, respectively 5,048 2,966
Deferred income tax liabilities 656 52
Other liabilities 305 241
Noncurrent liabilities of discontinued operations   1,557
Total liabilities 6,948 5,950
Redeemable noncontrolling interests in equity of subsidiary 693  
Stockholders' equity:    
Preferred stock, $.01 par value. Authorized 50,000,000 shares; no shares issued
Accumulated other comprehensive earnings (loss), net of taxes (30) (153)
Retained earnings 7,785 7,179
Total stockholders' equity 7,757 7,029
Noncontrolling interests in equity of subsidiaries   22
Total equity 7,757 7,051
Commitments and contingencies
Total liabilities and equity 15,398 13,001
Liberty Formula One Common Class A    
Stockholders' equity:    
Common stock value
Liberty Live Group Common Class A    
Stockholders' equity:    
Common stock value
Liberty Formula One Common Class B    
Stockholders' equity:    
Common stock value
Liberty Live Group Common Class B    
Stockholders' equity:    
Common stock value
Liberty Formula One Common Class C    
Stockholders' equity:    
Common stock value $ 2 2
Liberty Live Group Common Class C    
Stockholders' equity:    
Common stock value   $ 1