Financial Information for Tracking Stock Groups (Tables)
|
3 Months Ended |
Mar. 31, 2019 |
|---|
| Financial Information for Tracking Stock Groups |
Ìý
|
| Condensed Balance Sheet |
BALANCE SHEET INFORMATION
March 31, 2019
|
Ìý
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Ìý
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Ìý
|
Ìý
|
Ìý
|
Ìý
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Ìý
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Ìý
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Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Attributed (note 1)
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Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Â鶹×îгöÆ·
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
SiriusXM
|
Ìý
|
Braves
|
Ìý
|
Formula One
|
Ìý
|
Inter-Group
|
Ìý
|
Consolidated
|
Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
Group
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Eliminations
|
Ìý
|
Â鶹×îгöÆ·
|
ÌýÌýÌýÌý
|
|
Ìý
|
Ìý
|
amountsÌýinÌýmillions
|
Ìý
|
|
Assets
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current assets:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cash and cash equivalents
|
Ìý
|
$
|
98
|
Ìý
|
163
|
Ìý
|
372
|
Ìý
|
Ìý—
|
Ìý
|
633
|
Ìý
|
|
Trade and other receivables, net
|
Ìý
|
Ìý
|
592
|
Ìý
|
26
|
Ìý
|
110
|
Ìý
|
Ìý—
|
Ìý
|
728
|
Ìý
|
|
Other current assets
|
Ìý
|
Ìý
|
253
|
Ìý
|
34
|
Ìý
|
84
|
Ìý
|
Ìý—
|
Ìý
|
371
|
Ìý
|
|
Total current assets
|
Ìý
|
Ìý
|
943
|
Ìý
|
223
|
Ìý
|
566
|
Ìý
|
Ìý—
|
Ìý
|
1,732
|
Ìý
|
|
Intergroup interest in the Â鶹×îгöÆ· Braves Group (note 1)
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
252
|
Ìý
|
(252)
|
Ìý
|
Ìý—
|
Ìý
|
|
Investments in debt and equity securities (noteÌý1)
|
Ìý
|
Ìý
|
456
|
Ìý
|
Ìý8
|
Ìý
|
323
|
Ìý
|
Ìý—
|
Ìý
|
787
|
Ìý
|
|
Investments in affiliates, accounted for using the equity method (noteÌý1)
|
Ìý
|
Ìý
|
641
|
Ìý
|
97
|
Ìý
|
903
|
Ìý
|
Ìý—
|
Ìý
|
1,641
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Property and equipment, at cost
|
Ìý
|
Ìý
|
2,560
|
Ìý
|
821
|
Ìý
|
181
|
Ìý
|
Ìý—
|
Ìý
|
3,562
|
Ìý
|
|
Accumulated depreciation
|
Ìý
|
Ìý
|
(1,174)
|
Ìý
|
(92)
|
Ìý
|
(91)
|
Ìý
|
Ìý—
|
Ìý
|
(1,357)
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
1,386
|
Ìý
|
729
|
Ìý
|
90
|
Ìý
|
Ìý—
|
Ìý
|
2,205
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Intangible assets not subject to amortization
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Goodwill
|
Ìý
|
Ìý
|
15,791
|
Ìý
|
180
|
Ìý
|
3,956
|
Ìý
|
Ìý—
|
Ìý
|
19,927
|
Ìý
|
|
FCC licenses
|
Ìý
|
Ìý
|
8,600
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
8,600
|
Ìý
|
|
Other
|
Ìý
|
Ìý
|
1,262
|
Ìý
|
143
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
1,405
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
25,653
|
Ìý
|
323
|
Ìý
|
3,956
|
Ìý
|
Ìý—
|
Ìý
|
29,932
|
Ìý
|
|
Intangible assets subject to amortization, net
|
Ìý
|
Ìý
|
1,698
|
Ìý
|
37
|
Ìý
|
4,632
|
Ìý
|
Ìý—
|
Ìý
|
6,367
|
Ìý
|
|
Other assets
|
Ìý
|
Ìý
|
596
|
Ìý
|
62
|
Ìý
|
645
|
Ìý
|
(57)
|
Ìý
|
1,246
|
Ìý
|
|
Total assets
|
Ìý
|
$
|
31,373
|
Ìý
|
1,479
|
Ìý
|
11,367
|
Ìý
|
(309)
|
Ìý
|
43,910
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Liabilities and Equity
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current liabilities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Intergroup payable (receivable) (note 3)
|
Ìý
|
$
|
Ìý3
|
Ìý
|
(35)
|
Ìý
|
32
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
|
Accounts payable and accrued liabilities
|
Ìý
|
Ìý
|
1,144
|
Ìý
|
39
|
Ìý
|
164
|
Ìý
|
Ìý—
|
Ìý
|
1,347
|
Ìý
|
|
Current portion of debt (noteÌý1)
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
13
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
13
|
Ìý
|
|
Deferred revenue
|
Ìý
|
Ìý
|
1,994
|
Ìý
|
95
|
Ìý
|
410
|
Ìý
|
Ìý—
|
Ìý
|
2,499
|
Ìý
|
|
Other current liabilities
|
Ìý
|
Ìý
|
68
|
Ìý
|
11
|
Ìý
|
23
|
Ìý
|
Ìý—
|
Ìý
|
102
|
Ìý
|
|
Total current liabilities
|
Ìý
|
Ìý
|
3,209
|
Ìý
|
123
|
Ìý
|
629
|
Ìý
|
Ìý—
|
Ìý
|
3,961
|
Ìý
|
|
Long-term debt (note 1)
|
Ìý
|
Ìý
|
8,361
|
Ìý
|
461
|
Ìý
|
5,204
|
Ìý
|
Ìý—
|
Ìý
|
14,026
|
Ìý
|
|
Deferred income tax liabilities
|
Ìý
|
Ìý
|
1,734
|
Ìý
|
73
|
Ìý
|
Ìý—
|
Ìý
|
(57)
|
Ìý
|
1,750
|
Ìý
|
|
Redeemable intergroup interest (note 1)
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
252
|
Ìý
|
Ìý—
|
Ìý
|
(252)
|
Ìý
|
Ìý—
|
Ìý
|
|
Other liabilities
|
Ìý
|
Ìý
|
639
|
Ìý
|
200
|
Ìý
|
139
|
Ìý
|
Ìý—
|
Ìý
|
978
|
Ìý
|
|
Total liabilities
|
Ìý
|
Ìý
|
13,943
|
Ìý
|
1,109
|
Ìý
|
5,972
|
Ìý
|
(309)
|
Ìý
|
20,715
|
Ìý
|
|
Equity / Attributed net assets
|
Ìý
|
Ìý
|
10,937
|
Ìý
|
378
|
Ìý
|
5,392
|
Ìý
|
Ìý—
|
Ìý
|
16,707
|
Ìý
|
|
Noncontrolling interests in equity of subsidiaries
|
Ìý
|
Ìý
|
6,493
|
Ìý
|
(8)
|
Ìý
|
Ìý3
|
Ìý
|
Ìý—
|
Ìý
|
6,488
|
Ìý
|
|
Total liabilities and equity
|
Ìý
|
$
|
31,373
|
Ìý
|
1,479
|
Ìý
|
11,367
|
Ìý
|
(309)
|
Ìý
|
43,910
|
Ìý
|
Ìý
|
| Condensed Statement of Operations |
STATEMENT OF OPERATIONS INFORMATION
Three months ended March 31, 2019
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
|
|
SIRIUS XM Holdings revenue
|
Ìý
|
$
|
1,744
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
1,744
|
Ìý
|
|
Formula 1 revenue
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
246
|
Ìý
|
246
|
Ìý
|
|
Other revenue
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
22
|
Ìý
|
Ìý—
|
Ìý
|
22
|
Ìý
|
|
Total revenue
|
Ìý
|
Ìý
|
1,744
|
Ìý
|
22
|
Ìý
|
246
|
Ìý
|
2,012
|
Ìý
|
|
Operating costs and expenses, including stock-based compensation (note 2):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cost of services (exclusive of depreciation shown separately below):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Revenue share and royalties
|
Ìý
|
Ìý
|
492
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
492
|
Ìý
|
|
Programming and content
|
Ìý
|
Ìý
|
106
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
106
|
Ìý
|
|
Customer service and billing
|
Ìý
|
Ìý
|
113
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
113
|
Ìý
|
|
Other
|
Ìý
|
Ìý
|
37
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
37
|
Ìý
|
|
Cost of Formula 1 revenue
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
148
|
Ìý
|
148
|
Ìý
|
|
Subscriber acquisition costs
|
Ìý
|
Ìý
|
108
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
108
|
Ìý
|
|
Other operating expenses
|
Ìý
|
Ìý
|
54
|
Ìý
|
28
|
Ìý
|
Ìý—
|
Ìý
|
82
|
Ìý
|
|
Selling, general and administrative
|
Ìý
|
Ìý
|
326
|
Ìý
|
30
|
Ìý
|
46
|
Ìý
|
402
|
Ìý
|
|
Acquisition and other related costs
|
Ìý
|
Ìý
|
76
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
76
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
125
|
Ìý
|
13
|
Ìý
|
110
|
Ìý
|
248
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
1,437
|
Ìý
|
71
|
Ìý
|
304
|
Ìý
|
1,812
|
Ìý
|
|
Operating income (loss)
|
Ìý
|
Ìý
|
307
|
Ìý
|
(49)
|
Ìý
|
(58)
|
Ìý
|
200
|
Ìý
|
|
Other income (expense):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Interest expense
|
Ìý
|
Ìý
|
(102)
|
Ìý
|
(7)
|
Ìý
|
(50)
|
Ìý
|
(159)
|
Ìý
|
|
Share of earnings (losses) of affiliates, net
|
Ìý
|
Ìý
|
(4)
|
Ìý
|
Ìý2
|
Ìý
|
(18)
|
Ìý
|
(20)
|
Ìý
|
|
Realized and unrealized gains (losses) on financial instruments, net
|
Ìý
|
Ìý
|
Ìý1
|
Ìý
|
(2)
|
Ìý
|
(97)
|
Ìý
|
(98)
|
Ìý
|
|
Unrealized gains (losses) on intergroup interest (note 1)
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(26)
|
Ìý
|
26
|
Ìý
|
Ìý—
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
Ìý3
|
Ìý
|
Ìý—
|
Ìý
|
Ìý5
|
Ìý
|
Ìý8
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
(102)
|
Ìý
|
(33)
|
Ìý
|
(134)
|
Ìý
|
(269)
|
Ìý
|
|
Earnings (loss) before income taxes
|
Ìý
|
Ìý
|
205
|
Ìý
|
(82)
|
Ìý
|
(192)
|
Ìý
|
(69)
|
Ìý
|
|
Income tax (expense) benefit
|
Ìý
|
Ìý
|
(113)
|
Ìý
|
11
|
Ìý
|
44
|
Ìý
|
(58)
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
Ìý
|
92
|
Ìý
|
(71)
|
Ìý
|
(148)
|
Ìý
|
(127)
|
Ìý
|
|
Less net earnings (loss) attributable to the noncontrolling interests
|
Ìý
|
Ìý
|
31
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
31
|
Ìý
|
|
Net earnings (loss) attributable to Â鶹×îгöÆ· stockholders
|
Ìý
|
$
|
61
|
Ìý
|
(71)
|
Ìý
|
(148)
|
Ìý
|
(158)
|
Ìý
|
Ìý
STATEMENT OF OPERATIONS 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
|
amounts in millions
|
Ìý
|
|
Revenue:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
SIRIUS XM Holdings revenue
|
Ìý
|
$
|
1,375
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
1,375
|
Ìý
|
|
Formula 1 revenue
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
114
|
Ìý
|
114
|
Ìý
|
|
Other revenue
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
28
|
Ìý
|
Ìý—
|
Ìý
|
28
|
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 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
|
| Condensed Statement of Cash Flows |
Ìý
STATEMENT OF CASH FLOWS INFORMATION
Three months endedÌýMarch 31, 2019
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
|
$
|
92
|
Ìý
|
(71)
|
Ìý
|
(148)
|
Ìý
|
(127)
|
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
|
125
|
Ìý
|
13
|
Ìý
|
110
|
Ìý
|
248
|
Ìý
|
|
Stock-based compensation
|
Ìý
|
Ìý
|
76
|
Ìý
|
Ìý3
|
Ìý
|
Ìý7
|
Ìý
|
86
|
Ìý
|
|
Share of (earnings) loss of affiliates, net
|
Ìý
|
Ìý
|
Ìý4
|
Ìý
|
(2)
|
Ìý
|
18
|
Ìý
|
20
|
Ìý
|
|
Unrealized (gains) losses on intergroup interest, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
26
|
Ìý
|
(26)
|
Ìý
|
Ìý—
|
Ìý
|
|
Realized and unrealized (gains) losses on financial instruments, net
|
Ìý
|
Ìý
|
(1)
|
Ìý
|
Ìý2
|
Ìý
|
97
|
Ìý
|
98
|
Ìý
|
|
Noncash interest expense (benefit)
|
Ìý
|
Ìý
|
Ìý2
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
Ìý2
|
Ìý
|
|
Deferred income tax expense (benefit)
|
Ìý
|
Ìý
|
109
|
Ìý
|
Ìý2
|
Ìý
|
(57)
|
Ìý
|
54
|
Ìý
|
|
Intergroup tax allocation
|
Ìý
|
Ìý
|
Ìý1
|
Ìý
|
(14)
|
Ìý
|
13
|
Ìý
|
Ìý—
|
Ìý
|
|
Other charges (credits), net
|
Ìý
|
Ìý
|
Ìý1
|
Ìý
|
Ìý1
|
Ìý
|
Ìý1
|
Ìý
|
Ìý3
|
Ìý
|
|
Changes in operating assets and liabilities
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current and other assets
|
Ìý
|
Ìý
|
(8)
|
Ìý
|
23
|
Ìý
|
(34)
|
Ìý
|
(19)
|
Ìý
|
|
Payables and other liabilities
|
Ìý
|
Ìý
|
(19)
|
Ìý
|
60
|
Ìý
|
243
|
Ìý
|
284
|
Ìý
|
|
Net cash provided (used) by operating activities
|
Ìý
|
Ìý
|
382
|
Ìý
|
43
|
Ìý
|
224
|
Ìý
|
649
|
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
|
(4)
|
Ìý
|
(5)
|
Ìý
|
(2)
|
Ìý
|
(11)
|
Ìý
|
|
Cash proceeds from sale of investments
|
Ìý
|
Ìý
|
72
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
72
|
Ìý
|
|
Cash received from Pandora acquisition
|
Ìý
|
Ìý
|
313
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
313
|
Ìý
|
|
Capital expended for property and equipment
|
Ìý
|
Ìý
|
(90)
|
Ìý
|
(15)
|
Ìý
|
(8)
|
Ìý
|
(113)
|
Ìý
|
|
Other investing activities, net
|
Ìý
|
Ìý
|
(3)
|
Ìý
|
(4)
|
Ìý
|
Ìý—
|
Ìý
|
(7)
|
Ìý
|
|
Net cash provided (used) by investing activities
|
Ìý
|
Ìý
|
288
|
Ìý
|
(24)
|
Ìý
|
(10)
|
Ìý
|
254
|
Ìý
|
|
Cash flows from financing activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Borrowings of debt
|
Ìý
|
Ìý
|
913
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
913
|
Ìý
|
|
Repayments of debt
|
Ìý
|
Ìý
|
(725)
|
Ìý
|
(14)
|
Ìý
|
(2)
|
Ìý
|
(741)
|
Ìý
|
|
Series C Â鶹×îгöÆ· SiriusXM stock repurchases
|
Ìý
|
Ìý
|
(222)
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(222)
|
Ìý
|
|
Subsidiary shares repurchased by subsidiary
|
Ìý
|
Ìý
|
(576)
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(576)
|
Ìý
|
|
Cash dividends paid by subsidiary
|
Ìý
|
Ìý
|
(19)
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(19)
|
Ìý
|
|
Taxes paid in lieu of shares issued for stock-based compensation
|
Ìý
|
Ìý
|
(36)
|
Ìý
|
Ìý—
|
Ìý
|
(4)
|
Ìý
|
(40)
|
Ìý
|
|
Other financing activities, net
|
Ìý
|
Ìý
|
Ìý2
|
Ìý
|
(5)
|
Ìý
|
Ìý3
|
Ìý
|
Ìý—
|
Ìý
|
|
Net cash provided (used) by financing activities
|
Ìý
|
Ìý
|
(663)
|
Ìý
|
(19)
|
Ìý
|
(3)
|
Ìý
|
(685)
|
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
|
Ìý7
|
Ìý
|
Ìý—
|
Ìý
|
212
|
Ìý
|
219
|
Ìý
|
|
Cash, cash equivalents and restricted cash at beginning of period
|
Ìý
|
Ìý
|
102
|
Ìý
|
190
|
Ìý
|
160
|
Ìý
|
452
|
Ìý
|
|
Cash, cash equivalents and restricted cash at end of period
|
Ìý
|
$
|
109
|
Ìý
|
190
|
Ìý
|
372
|
Ìý
|
671
|
Ìý
|
Ìý
STATEMENT OF CASH FLOWS INFORMATION
March 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
|