Financial Information for Tracking Stock Groups (Tables)
|
3 Months Ended |
Mar. 31, 2018 |
|---|
| Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Ìý
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| Condensed Balance Sheet |
BALANCE SHEET INFORMATION
March 31, 2018
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Ìý
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Attributed (note 1)
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Â鶹×îгöÆ·
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
|
Ìý
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Ìý
|
|
Ìý
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Ìý
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SiriusXM
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Ìý
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Braves
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Ìý
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Formula One
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Ìý
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Inter-Group
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Ìý
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Consolidated
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Ìý
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Ìý
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ÌýÌýÌýÌý
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Group
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Ìý
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Group
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Ìý
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Group
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Eliminations
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Â鶹×îгöÆ·
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ÌýÌýÌýÌý
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Ìý
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Ìý
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amountsÌýinÌýmillions
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Assets
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Current assets:
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Cash and cash equivalents
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Ìý
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$
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658
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Ìý
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114
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Ìý
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270
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Ìý
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Ìý—
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Ìý
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1,042
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Ìý
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Trade and other receivables, net
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Ìý
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Ìý
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245
|
Ìý
|
80
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Ìý
|
69
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Ìý
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Ìý—
|
Ìý
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394
|
Ìý
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|
Other current assets
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Ìý
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Ìý
|
177
|
Ìý
|
82
|
Ìý
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224
|
Ìý
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Ìý—
|
Ìý
|
483
|
Ìý
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|
Total current assets
|
Ìý
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Ìý
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1,080
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Ìý
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276
|
Ìý
|
563
|
Ìý
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Ìý—
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Ìý
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1,919
|
Ìý
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|
Intergroup interest in the Â鶹×îгöÆ· Braves Group (note 1)
|
Ìý
|
Ìý
|
Ìý—
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Ìý
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Ìý—
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Ìý
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207
|
Ìý
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(207)
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Ìý
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Ìý—
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Ìý
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Investments in debt and equity securities (noteÌý1)
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Ìý
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Ìý
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1,031
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Ìý
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Ìý8
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Ìý
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534
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Ìý
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Ìý—
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Ìý
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1,573
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Ìý
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Investments in affiliates, accounted for using the equity method (noteÌý1)
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Ìý
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Ìý
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651
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Ìý
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97
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Ìý
|
910
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Ìý
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Ìý—
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Ìý
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1,658
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Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
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Ìý
|
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Property and equipment, at cost
|
Ìý
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Ìý
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2,307
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Ìý
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1,238
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Ìý
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182
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Ìý
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Ìý—
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Ìý
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3,727
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Ìý
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Accumulated depreciation
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Ìý
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Ìý
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(973)
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(64)
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Ìý
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(87)
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Ìý
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Ìý—
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(1,124)
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Ìý
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Ìý
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Ìý
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1,334
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Ìý
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1,174
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Ìý
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95
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Ìý
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Ìý—
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Ìý
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2,603
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Ìý
|
|
Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Intangible assets not subject to amortization
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
|
Ìý
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Ìý
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Ìý
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Goodwill
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Ìý
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Ìý
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14,247
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Ìý
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180
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Ìý
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3,956
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Ìý
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Ìý—
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Ìý
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18,383
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Ìý
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FCC licenses
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Ìý
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Ìý
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8,600
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Ìý
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Ìý—
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Ìý
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Ìý—
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Ìý
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Ìý—
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Ìý
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8,600
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Ìý
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Other
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Ìý
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Ìý
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931
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Ìý
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143
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Ìý
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Ìý—
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Ìý
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Ìý—
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Ìý
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1,074
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Ìý
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|
Ìý
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Ìý
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Ìý
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23,778
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Ìý
|
323
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Ìý
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3,956
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Ìý
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Ìý—
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Ìý
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28,057
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Ìý
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Intangible assets subject to amortization, net
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Ìý
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Ìý
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964
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Ìý
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49
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Ìý
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5,002
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Ìý
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Ìý—
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Ìý
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6,015
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Ìý
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Other assets
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Ìý
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Ìý
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120
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Ìý
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20
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Ìý
|
575
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Ìý
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Ìý—
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Ìý
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715
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Ìý
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Total assets
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$
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28,958
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Ìý
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1,947
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11,842
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(207)
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42,540
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Liabilities and Equity
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Current liabilities:
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Intergroup payable (receivable) (note 3)
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$
|
(3)
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Ìý
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(44)
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Ìý
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47
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Ìý
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Ìý—
|
Ìý
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Ìý—
|
Ìý
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Accounts payable and accrued liabilities
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Ìý
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Ìý
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852
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Ìý
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68
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Ìý
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144
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Ìý
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Ìý—
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Ìý
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1,064
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Ìý
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|
Current portion of debt (noteÌý1)
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Ìý
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Ìý
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Ìý5
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Ìý
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31
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Ìý
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Ìý—
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Ìý
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Ìý—
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Ìý
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36
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Ìý
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|
Deferred revenue
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Ìý
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Ìý
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1,910
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Ìý
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140
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Ìý
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413
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Ìý
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Ìý—
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Ìý
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2,463
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Ìý
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Other current liabilities
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Ìý
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Ìý
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Ìý4
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Ìý
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Ìý9
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Ìý
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11
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Ìý
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Ìý—
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Ìý
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24
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Ìý
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Total current liabilities
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Ìý
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Ìý
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2,768
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Ìý
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204
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Ìý
|
615
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Ìý
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Ìý—
|
Ìý
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3,587
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Ìý
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Long-term debt (note 1)
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Ìý
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Ìý
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7,951
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Ìý
|
568
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Ìý
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5,558
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Ìý
|
Ìý—
|
Ìý
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14,077
|
Ìý
|
|
Deferred income tax liabilities
|
Ìý
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Ìý
|
1,523
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Ìý
|
68
|
Ìý
|
(81)
|
Ìý
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Ìý—
|
Ìý
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1,510
|
Ìý
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|
Redeemable intergroup interest (note 1)
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Ìý
|
Ìý
|
Ìý—
|
Ìý
|
207
|
Ìý
|
Ìý—
|
Ìý
|
(207)
|
Ìý
|
Ìý—
|
Ìý
|
|
Other liabilities
|
Ìý
|
Ìý
|
281
|
Ìý
|
518
|
Ìý
|
92
|
Ìý
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Ìý—
|
Ìý
|
891
|
Ìý
|
|
Total liabilities
|
Ìý
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Ìý
|
12,523
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Ìý
|
1,565
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Ìý
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6,184
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Ìý
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(207)
|
Ìý
|
20,065
|
Ìý
|
|
Equity / Attributed net assets
|
Ìý
|
Ìý
|
10,945
|
Ìý
|
377
|
Ìý
|
5,655
|
Ìý
|
Ìý—
|
Ìý
|
16,977
|
Ìý
|
|
Noncontrolling interests in equity of subsidiaries
|
Ìý
|
Ìý
|
5,490
|
Ìý
|
Ìý5
|
Ìý
|
Ìý3
|
Ìý
|
Ìý—
|
Ìý
|
5,498
|
Ìý
|
|
Total liabilities and equity
|
Ìý
|
$
|
28,958
|
Ìý
|
1,947
|
Ìý
|
11,842
|
Ìý
|
(207)
|
Ìý
|
42,540
|
Ìý
|
Ìý
|
| Condensed Statement of Operations |
STATEMENT OF OPERATIONS INFORMATION
Three months ended March 31, 2018
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
|
|
Ìý
|
Ìý
|
Ìý
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Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Â鶹×îгöÆ·
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
SiriusXM
|
Ìý
|
Braves
|
Ìý
|
Formula One
|
Ìý
|
Consolidated
|
Ìý
|
|
Ìý
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Ìý
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Group
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Ìý
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Group
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Ìý
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Group
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Ìý
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Â鶹×îгöÆ·
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amounts in millions
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Ìý
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Revenue:
|
Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
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Subscriber revenue
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Ìý
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$
|
1,117
|
Ìý
|
Ìý—
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Ìý
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Ìý—
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Ìý
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1,117
|
Ìý
|
|
Formula 1 revenue
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
114
|
Ìý
|
114
|
Ìý
|
|
Other revenue
|
Ìý
|
Ìý
|
258
|
Ìý
|
28
|
Ìý
|
Ìý—
|
Ìý
|
286
|
Ìý
|
|
Total revenue
|
Ìý
|
Ìý
|
1,375
|
Ìý
|
28
|
Ìý
|
114
|
Ìý
|
1,517
|
Ìý
|
|
Operating costs and expenses, including stock-based compensation (note 2):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cost of subscriber services (exclusive of depreciation shown separately below):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Revenue share and royalties
|
Ìý
|
Ìý
|
310
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
310
|
Ìý
|
|
Programming and content
|
Ìý
|
Ìý
|
101
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
101
|
Ìý
|
|
Customer service and billing
|
Ìý
|
Ìý
|
94
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
94
|
Ìý
|
|
Other
|
Ìý
|
Ìý
|
29
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
29
|
Ìý
|
|
Cost of Formula 1 revenue
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
81
|
Ìý
|
81
|
Ìý
|
|
Subscriber acquisition costs
|
Ìý
|
Ìý
|
123
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
123
|
Ìý
|
|
Other operating expenses
|
Ìý
|
Ìý
|
31
|
Ìý
|
40
|
Ìý
|
Ìý—
|
Ìý
|
71
|
Ìý
|
|
Selling, general and administrative
|
Ìý
|
Ìý
|
202
|
Ìý
|
23
|
Ìý
|
40
|
Ìý
|
265
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
89
|
Ìý
|
16
|
Ìý
|
111
|
Ìý
|
216
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
979
|
Ìý
|
79
|
Ìý
|
232
|
Ìý
|
1,290
|
Ìý
|
|
Operating income (loss)
|
Ìý
|
Ìý
|
396
|
Ìý
|
(51)
|
Ìý
|
(118)
|
Ìý
|
227
|
Ìý
|
|
Other income (expense):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Interest expense
|
Ìý
|
Ìý
|
(97)
|
Ìý
|
(6)
|
Ìý
|
(47)
|
Ìý
|
(150)
|
Ìý
|
|
Share of earnings (losses) of affiliates, net
|
Ìý
|
Ìý
|
Ìý1
|
Ìý
|
Ìý3
|
Ìý
|
(12)
|
Ìý
|
(8)
|
Ìý
|
|
Realized and unrealized gains (losses) on financial instruments, net
|
Ìý
|
Ìý
|
58
|
Ìý
|
Ìý—
|
Ìý
|
95
|
Ìý
|
153
|
Ìý
|
|
Unrealized gains (losses) on intergroup interest (note 1)
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(5)
|
Ìý
|
Ìý5
|
Ìý
|
Ìý—
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
Ìý5
|
Ìý
|
Ìý1
|
Ìý
|
Ìý—
|
Ìý
|
Ìý6
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
(33)
|
Ìý
|
(7)
|
Ìý
|
41
|
Ìý
|
Ìý1
|
Ìý
|
|
Earnings (loss) before income taxes
|
Ìý
|
Ìý
|
363
|
Ìý
|
(58)
|
Ìý
|
(77)
|
Ìý
|
228
|
Ìý
|
|
Income tax (expense) benefit
|
Ìý
|
Ìý
|
(81)
|
Ìý
|
Ìý6
|
Ìý
|
60
|
Ìý
|
(15)
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
Ìý
|
282
|
Ìý
|
(52)
|
Ìý
|
(17)
|
Ìý
|
213
|
Ìý
|
|
Less net earnings (loss) attributable to the noncontrolling interests
|
Ìý
|
Ìý
|
82
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
82
|
Ìý
|
|
Net earnings (loss) attributable to Â鶹×îгöÆ· stockholders
|
Ìý
|
$
|
200
|
Ìý
|
(52)
|
Ìý
|
(17)
|
Ìý
|
131
|
Ìý
|
Ìý
Ìý
Ìý
Ìý
STATEMENT OF OPERATIONS INFORMATION
Three months endedÌýMarch 31, 2017
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Â鶹×îгöÆ·
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
SiriusXM
|
Ìý
|
Braves
|
Ìý
|
Formula One
|
Ìý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Â鶹×îгöÆ·
|
Ìý
|
|
Ìý
|
Ìý
|
amounts in millions
|
Ìý
|
|
Revenue:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Subscriber revenue
|
Ìý
|
$
|
1,078
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
1,078
|
Ìý
|
|
Formula 1 revenue
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
96
|
Ìý
|
96
|
Ìý
|
|
Other revenue
|
Ìý
|
Ìý
|
216
|
Ìý
|
Ìý5
|
Ìý
|
Ìý—
|
Ìý
|
221
|
Ìý
|
|
Total revenue
|
Ìý
|
Ìý
|
1,294
|
Ìý
|
Ìý5
|
Ìý
|
96
|
Ìý
|
1,395
|
Ìý
|
|
Operating costs and expenses, including stock-based compensation (note 2):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cost of subscriber services (exclusive of depreciation shown separately below):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Revenue share and royalties
|
Ìý
|
Ìý
|
277
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
277
|
Ìý
|
|
Programming and content
|
Ìý
|
Ìý
|
96
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
96
|
Ìý
|
|
Customer service and billing
|
Ìý
|
Ìý
|
97
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
97
|
Ìý
|
|
Other
|
Ìý
|
Ìý
|
27
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
27
|
Ìý
|
|
Cost of Formula 1 revenue
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
68
|
Ìý
|
68
|
Ìý
|
|
Subscriber acquisition costs
|
Ìý
|
Ìý
|
127
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
127
|
Ìý
|
|
Other operating expenses
|
Ìý
|
Ìý
|
24
|
Ìý
|
17
|
Ìý
|
Ìý—
|
Ìý
|
41
|
Ìý
|
|
Selling, general and administrative
|
Ìý
|
Ìý
|
184
|
Ìý
|
19
|
Ìý
|
36
|
Ìý
|
239
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
90
|
Ìý
|
Ìý2
|
Ìý
|
72
|
Ìý
|
164
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
922
|
Ìý
|
38
|
Ìý
|
176
|
Ìý
|
1,136
|
Ìý
|
|
Operating income (loss)
|
Ìý
|
Ìý
|
372
|
Ìý
|
(33)
|
Ìý
|
(80)
|
Ìý
|
259
|
Ìý
|
|
Other income (expense):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Interest expense
|
Ìý
|
Ìý
|
(84)
|
Ìý
|
Ìý—
|
Ìý
|
(56)
|
Ìý
|
(140)
|
Ìý
|
|
Share of earnings (losses) of affiliates, net
|
Ìý
|
Ìý
|
Ìý3
|
Ìý
|
Ìý3
|
Ìý
|
(10)
|
Ìý
|
(4)
|
Ìý
|
|
Realized and unrealized gains (losses) on financial instruments, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(12)
|
Ìý
|
(12)
|
Ìý
|
|
Unrealized gains (losses) on intergroup interest (note 1)
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(28)
|
Ìý
|
28
|
Ìý
|
Ìý—
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
Ìý6
|
Ìý
|
Ìý3
|
Ìý
|
Ìý8
|
Ìý
|
17
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
(75)
|
Ìý
|
(22)
|
Ìý
|
(42)
|
Ìý
|
(139)
|
Ìý
|
|
Earnings (loss) before income taxes
|
Ìý
|
Ìý
|
297
|
Ìý
|
(55)
|
Ìý
|
(122)
|
Ìý
|
120
|
Ìý
|
|
Income tax (expense) benefit
|
Ìý
|
Ìý
|
(108)
|
Ìý
|
Ìý6
|
Ìý
|
26
|
Ìý
|
(76)
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
Ìý
|
189
|
Ìý
|
(49)
|
Ìý
|
(96)
|
Ìý
|
44
|
Ìý
|
|
Less net earnings (loss) attributable to the noncontrolling interests
|
Ìý
|
Ìý
|
65
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
65
|
Ìý
|
|
Net earnings (loss) attributable to Â鶹×îгöÆ· stockholders
|
Ìý
|
$
|
124
|
Ìý
|
(49)
|
Ìý
|
(96)
|
Ìý
|
(21)
|
Ìý
|
Ìý
|
| Condensed Statement of Cash Flows |
STATEMENT OF CASH FLOWS INFORMATION
Three months endedÌýMarch 31, 2018
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Â鶹×îгöÆ·
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
SiriusXM
|
Ìý
|
Braves
|
Ìý
|
Formula One
|
Ìý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Â鶹×îгöÆ·
|
Ìý
|
|
Ìý
|
Ìý
|
amountsÌýinÌýmillions
|
Ìý
|
|
Cash flows from operating activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
$
|
282
|
Ìý
|
(52)
|
Ìý
|
(17)
|
Ìý
|
213
|
Ìý
|
|
Adjustments to reconcile net earnings to net cash provided by operating activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
89
|
Ìý
|
16
|
Ìý
|
111
|
Ìý
|
216
|
Ìý
|
|
Stock-based compensation
|
Ìý
|
Ìý
|
40
|
Ìý
|
Ìý—
|
Ìý
|
Ìý6
|
Ìý
|
46
|
Ìý
|
|
Share of (earnings) loss of affiliates, net
|
Ìý
|
Ìý
|
(1)
|
Ìý
|
(3)
|
Ìý
|
12
|
Ìý
|
Ìý8
|
Ìý
|
|
Unrealized (gains) losses on intergroup interest, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý5
|
Ìý
|
(5)
|
Ìý
|
Ìý—
|
Ìý
|
|
Realized and unrealized (gains) losses on financial instruments, net
|
Ìý
|
Ìý
|
(58)
|
Ìý
|
Ìý—
|
Ìý
|
(95)
|
Ìý
|
(153)
|
Ìý
|
|
Noncash interest expense (benefit)
|
Ìý
|
Ìý
|
(1)
|
Ìý
|
Ìý1
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
|
Deferred income tax expense (benefit)
|
Ìý
|
Ìý
|
73
|
Ìý
|
(2)
|
Ìý
|
(51)
|
Ìý
|
20
|
Ìý
|
|
Intergroup tax allocation
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(4)
|
Ìý
|
Ìý4
|
Ìý
|
Ìý—
|
Ìý
|
|
Other charges (credits), net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
11
|
Ìý
|
Ìý6
|
Ìý
|
17
|
Ìý
|
|
Changes in operating assets and liabilities
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current and other assets
|
Ìý
|
Ìý
|
(12)
|
Ìý
|
(17)
|
Ìý
|
(68)
|
Ìý
|
(97)
|
Ìý
|
|
Payables and other liabilities
|
Ìý
|
Ìý
|
(19)
|
Ìý
|
97
|
Ìý
|
276
|
Ìý
|
354
|
Ìý
|
|
Net cash provided (used) by operating activities
|
Ìý
|
Ìý
|
393
|
Ìý
|
52
|
Ìý
|
179
|
Ìý
|
624
|
Ìý
|
|
Cash flows from investing activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Investments in equity method affiliates and debt and equity securities
|
Ìý
|
Ìý
|
(389)
|
Ìý
|
Ìý—
|
Ìý
|
(4)
|
Ìý
|
(393)
|
Ìý
|
|
Cash proceeds from sale of investments
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
Ìý9
|
Ìý
|
Ìý9
|
Ìý
|
|
Capital expended for property and equipment
|
Ìý
|
Ìý
|
(82)
|
Ìý
|
(6)
|
Ìý
|
(1)
|
Ìý
|
(89)
|
Ìý
|
|
Other investing activities, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
37
|
Ìý
|
12
|
Ìý
|
49
|
Ìý
|
|
Net cash provided (used) by investing activities
|
Ìý
|
Ìý
|
(471)
|
Ìý
|
31
|
Ìý
|
16
|
Ìý
|
(424)
|
Ìý
|
|
Cash flows from financing activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Borrowings of debt
|
Ìý
|
Ìý
|
1,021
|
Ìý
|
Ìý7
|
Ìý
|
289
|
Ìý
|
1,317
|
Ìý
|
|
Repayments of debt
|
Ìý
|
Ìý
|
(569)
|
Ìý
|
(89)
|
Ìý
|
(496)
|
Ìý
|
(1,154)
|
Ìý
|
|
Series C Â鶹×îгöÆ· SiriusXM stock repurchases
|
Ìý
|
Ìý
|
(31)
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(31)
|
Ìý
|
|
Subsidiary shares repurchased by subsidiary
|
Ìý
|
Ìý
|
(309)
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(309)
|
Ìý
|
|
Cash dividends paid by subsidiary
|
Ìý
|
Ìý
|
(15)
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(15)
|
Ìý
|
|
Taxes paid in lieu of shares issued for stock-based compensation
|
Ìý
|
Ìý
|
(27)
|
Ìý
|
Ìý—
|
Ìý
|
(1)
|
Ìý
|
(28)
|
Ìý
|
|
Other financing activities, net
|
Ìý
|
Ìý
|
51
|
Ìý
|
Ìý—
|
Ìý
|
(1)
|
Ìý
|
50
|
Ìý
|
|
Net cash provided (used) by financing activities
|
Ìý
|
Ìý
|
121
|
Ìý
|
(82)
|
Ìý
|
(209)
|
Ìý
|
(170)
|
Ìý
|
|
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
Ìý2
|
Ìý
|
Ìý2
|
Ìý
|
|
Net increase (decrease) in cash, cash equivalents and restricted cash
|
Ìý
|
Ìý
|
43
|
Ìý
|
Ìý1
|
Ìý
|
(12)
|
Ìý
|
32
|
Ìý
|
|
Cash, cash equivalents and restricted cash at beginning of period
|
Ìý
|
Ìý
|
625
|
Ìý
|
140
|
Ìý
|
282
|
Ìý
|
1,047
|
Ìý
|
|
Cash, cash equivalents and restricted cash at end of period
|
Ìý
|
$
|
668
|
Ìý
|
141
|
Ìý
|
270
|
Ìý
|
1,079
|
Ìý
|
Ìý
STATEMENT OF CASH FLOWS INFORMATION
March 31, 2017
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Â鶹×îгöÆ·
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
SiriusXM
|
Ìý
|
Braves
|
Ìý
|
Formula One
|
Ìý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Â鶹×îгöÆ·
|
Ìý
|
|
Ìý
|
Ìý
|
amountsÌýinÌýmillions
|
Ìý
|
|
Cash flows from operating activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
$
|
189
|
Ìý
|
(49)
|
Ìý
|
(96)
|
Ìý
|
44
|
Ìý
|
|
Adjustments to reconcile net earnings to net cash provided by operating activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
90
|
Ìý
|
Ìý2
|
Ìý
|
72
|
Ìý
|
164
|
Ìý
|
|
Stock-based compensation
|
Ìý
|
Ìý
|
34
|
Ìý
|
Ìý2
|
Ìý
|
Ìý8
|
Ìý
|
44
|
Ìý
|
|
Share of (earnings) loss of affiliates, net
|
Ìý
|
Ìý
|
(3)
|
Ìý
|
(3)
|
Ìý
|
10
|
Ìý
|
Ìý4
|
Ìý
|
|
Unrealized (gains) losses on intergroup interest, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
28
|
Ìý
|
(28)
|
Ìý
|
Ìý—
|
Ìý
|
|
Realized and unrealized (gains) losses on financial instruments, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
12
|
Ìý
|
12
|
Ìý
|
|
Noncash interest expense (benefit)
|
Ìý
|
Ìý
|
Ìý2
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
Ìý2
|
Ìý
|
|
Deferred income tax expense (benefit)
|
Ìý
|
Ìý
|
107
|
Ìý
|
31
|
Ìý
|
(12)
|
Ìý
|
126
|
Ìý
|
|
Intergroup tax allocation
|
Ìý
|
Ìý
|
(5)
|
Ìý
|
(37)
|
Ìý
|
42
|
Ìý
|
Ìý—
|
Ìý
|
|
Other charges (credits), net
|
Ìý
|
Ìý
|
Ìý4
|
Ìý
|
Ìý—
|
Ìý
|
(2)
|
Ìý
|
Ìý2
|
Ìý
|
|
Changes in operating assets and liabilities
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current and other assets
|
Ìý
|
Ìý
|
(14)
|
Ìý
|
(15)
|
Ìý
|
37
|
Ìý
|
Ìý8
|
Ìý
|
|
Payables and other liabilities
|
Ìý
|
Ìý
|
(100)
|
Ìý
|
53
|
Ìý
|
44
|
Ìý
|
(3)
|
Ìý
|
|
Net cash provided (used) by operating activities
|
Ìý
|
Ìý
|
304
|
Ìý
|
12
|
Ìý
|
87
|
Ìý
|
403
|
Ìý
|
|
Cash flows from investing activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Investments in equity method affiliates and debt and equity securities
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(2)
|
Ìý
|
(3)
|
Ìý
|
(5)
|
Ìý
|
|
Net cash paid for the acquisition of Formula 1
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(1,647)
|
Ìý
|
(1,647)
|
Ìý
|
|
Capital expended for property and equipment
|
Ìý
|
Ìý
|
(54)
|
Ìý
|
(102)
|
Ìý
|
Ìý—
|
Ìý
|
(156)
|
Ìý
|
|
Other investing activities, net
|
Ìý
|
Ìý
|
(7)
|
Ìý
|
18
|
Ìý
|
Ìý—
|
Ìý
|
11
|
Ìý
|
|
Net cash provided (used) by investing activities
|
Ìý
|
Ìý
|
(61)
|
Ìý
|
(86)
|
Ìý
|
(1,650)
|
Ìý
|
(1,797)
|
Ìý
|
|
Cash flows from financing activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Borrowings of debt
|
Ìý
|
Ìý
|
330
|
Ìý
|
114
|
Ìý
|
1,400
|
Ìý
|
1,844
|
Ìý
|
|
Repayments of debt
|
Ìý
|
Ìý
|
(194)
|
Ìý
|
(32)
|
Ìý
|
(928)
|
Ìý
|
(1,154)
|
Ìý
|
|
Proceeds from issuance of Series C Â鶹×îгöÆ· Formula One common stock
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
1,550
|
Ìý
|
1,550
|
Ìý
|
|
Subsidiary shares repurchased by subsidiary
|
Ìý
|
Ìý
|
(306)
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(306)
|
Ìý
|
|
Cash dividends paid by subsidiary
|
Ìý
|
Ìý
|
(15)
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(15)
|
Ìý
|
|
Taxes paid in lieu of shares issued for stock-based compensation
|
Ìý
|
Ìý
|
(20)
|
Ìý
|
Ìý—
|
Ìý
|
(2)
|
Ìý
|
(22)
|
Ìý
|
|
Other financing activities, net
|
Ìý
|
Ìý
|
Ìý5
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
Ìý5
|
Ìý
|
|
Net cash provided (used) by financing activities
|
Ìý
|
Ìý
|
(200)
|
Ìý
|
82
|
Ìý
|
2,020
|
Ìý
|
1,902
|
Ìý
|
|
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
Ìý1
|
Ìý
|
Ìý1
|
Ìý
|
|
Net increase (decrease) in cash, cash equivalents and restricted cash
|
Ìý
|
Ìý
|
43
|
Ìý
|
Ìý8
|
Ìý
|
458
|
Ìý
|
509
|
Ìý
|
|
Cash, cash equivalents and restricted cash at beginning of period
|
Ìý
|
Ìý
|
297
|
Ìý
|
107
|
Ìý
|
168
|
Ìý
|
572
|
Ìý
|
|
Cash, cash equivalents and restricted cash at end of period
|
Ìý
|
$
|
340
|
Ìý
|
115
|
Ìý
|
626
|
Ìý
|
1,081
|
Ìý
|
Ìý
|