Financial Information for Tracking Stock Groups (Tables)
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3 Months Ended |
Mar. 31, 2017 |
|---|
| Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Ìý
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| Condensed Balance Sheet |
BALANCE SHEET INFORMATION
March 31, 2017
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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
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Ìý
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Ìý
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|
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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Ìý
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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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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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$
|
330
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Ìý
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115
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Ìý
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626
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Ìý
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Ìý—
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Ìý
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1,071
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Ìý
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|
Trade and other receivables, net
|
Ìý
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Ìý
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234
|
Ìý
|
Ìý9
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Ìý
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37
|
Ìý
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Ìý—
|
Ìý
|
280
|
Ìý
|
|
Other current assets
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Ìý
|
Ìý
|
211
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Ìý
|
28
|
Ìý
|
118
|
Ìý
|
Ìý—
|
Ìý
|
357
|
Ìý
|
|
Total current assets
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Ìý
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Ìý
|
775
|
Ìý
|
152
|
Ìý
|
781
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Ìý
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Ìý—
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Ìý
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1,708
|
Ìý
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|
Intergroup interest in the Â鶹×îгöÆ· Braves Group (note 2)
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
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Ìý—
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Ìý
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215
|
Ìý
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(215)
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Ìý
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Ìý—
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Ìý
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Investments in available-for-sale securities and other cost investments (noteÌý3)
|
Ìý
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Ìý
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Ìý—
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Ìý
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Ìý8
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Ìý
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574
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Ìý
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Ìý—
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Ìý
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582
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Ìý
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Investments in affiliates, accounted for using the equity method (noteÌý4)
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Ìý
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Ìý
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165
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Ìý
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48
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Ìý
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888
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Ìý
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Ìý—
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Ìý
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1,101
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Ìý
|
|
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
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Ìý
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Ìý
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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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2,112
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Ìý
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1,051
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Ìý
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166
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Ìý
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Ìý—
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Ìý
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3,329
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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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(777)
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Ìý
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(14)
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Ìý
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(72)
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Ìý—
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Ìý
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(863)
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Ìý
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|
Ìý
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Ìý
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Ìý
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1,335
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Ìý
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1,037
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Ìý
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94
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Ìý
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Ìý—
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Ìý
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2,466
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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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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
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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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14,165
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Ìý
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180
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Ìý
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3,968
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Ìý
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Ìý—
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Ìý
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18,313
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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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930
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Ìý
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143
|
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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1,073
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Ìý
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|
Ìý
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Ìý
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Ìý
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23,695
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Ìý
|
323
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Ìý
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3,968
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Ìý
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Ìý—
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Ìý
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27,986
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Ìý
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Intangible assets subject to amortization, net
|
Ìý
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Ìý
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981
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Ìý
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72
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Ìý
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5,414
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Ìý
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Ìý—
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Ìý
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6,467
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Ìý
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Other assets
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Ìý
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Ìý
|
150
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Ìý
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18
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Ìý
|
552
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Ìý
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(28)
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Ìý
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692
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Ìý
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Total assets
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$
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27,101
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Ìý
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1,658
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Ìý
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12,486
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Ìý
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(243)
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41,002
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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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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:
|
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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Ìý
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Intergroup payable (receivable) (note 7)
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Ìý
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$
|
(8)
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Ìý
|
(56)
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Ìý
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64
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
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|
Accounts payable and accrued liabilities
|
Ìý
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Ìý
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721
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Ìý
|
118
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Ìý
|
132
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Ìý
|
Ìý—
|
Ìý
|
971
|
Ìý
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|
Current portion of debt (noteÌý5)
|
Ìý
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Ìý
|
Ìý5
|
Ìý
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Ìý—
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Ìý
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43
|
Ìý
|
Ìý—
|
Ìý
|
48
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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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1,857
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Ìý
|
124
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Ìý
|
485
|
Ìý
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Ìý—
|
Ìý
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2,466
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Ìý
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|
Other current liabilities
|
Ìý
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Ìý
|
Ìý3
|
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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Ìý—
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Ìý
|
27
|
Ìý
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|
Total current liabilities
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Ìý
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Ìý
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2,578
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Ìý
|
186
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Ìý
|
748
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Ìý
|
Ìý—
|
Ìý
|
3,512
|
Ìý
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|
Long-term debt (note 5)
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Ìý
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Ìý
|
6,242
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Ìý
|
410
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Ìý
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6,654
|
Ìý
|
Ìý—
|
Ìý
|
13,306
|
Ìý
|
|
Deferred income tax liabilities
|
Ìý
|
Ìý
|
2,073
|
Ìý
|
77
|
Ìý
|
524
|
Ìý
|
(28)
|
Ìý
|
2,646
|
Ìý
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|
Redeemable intergroup interest (note 2)
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Ìý
|
Ìý
|
Ìý—
|
Ìý
|
215
|
Ìý
|
Ìý—
|
Ìý
|
(215)
|
Ìý
|
Ìý—
|
Ìý
|
|
Other liabilities
|
Ìý
|
Ìý
|
286
|
Ìý
|
420
|
Ìý
|
56
|
Ìý
|
Ìý—
|
Ìý
|
762
|
Ìý
|
|
Total liabilities
|
Ìý
|
Ìý
|
11,179
|
Ìý
|
1,308
|
Ìý
|
7,982
|
Ìý
|
(243)
|
Ìý
|
20,226
|
Ìý
|
|
Equity / Attributed net assets
|
Ìý
|
Ìý
|
10,141
|
Ìý
|
335
|
Ìý
|
4,504
|
Ìý
|
Ìý—
|
Ìý
|
14,980
|
Ìý
|
|
Noncontrolling interests in equity of subsidiaries
|
Ìý
|
Ìý
|
5,781
|
Ìý
|
15
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
5,796
|
Ìý
|
|
Total liabilities and equity
|
Ìý
|
$
|
27,101
|
Ìý
|
1,658
|
Ìý
|
12,486
|
Ìý
|
(243)
|
Ìý
|
41,002
|
Ìý
|
Ìý
|
| Condensed Statement of Operations |
STATEMENT OF OPERATIONS INFORMATION
Three months ended March 31, 2017
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
|
|
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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Ìý
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Ìý
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amounts in millions
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Ìý
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Revenue:
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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
|
Ìý
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Subscriber revenue
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Ìý
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$
|
1,078
|
Ìý
|
Ìý—
|
Ìý
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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 6):
|
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 2)
|
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
Ìý
Ìý
Ìý
STATEMENT OF OPERATIONS INFORMATION
Three months endedÌýMarch 31, 2016
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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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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Â鶹×îгöÆ·
|
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
|
SiriusXM
|
Ìý
|
Braves
|
Ìý
|
Formula One
|
Ìý
|
Consolidated
|
Ìý
|
|
Ìý
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Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Â鶹×îгöÆ·
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Ìý
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|
Ìý
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Ìý
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amounts in millions
|
Ìý
|
|
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
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Ìý
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Ìý
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Ìý
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Ìý
|
|
Subscriber revenue
|
Ìý
|
$
|
1,009
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
1,009
|
Ìý
|
|
Other revenue
|
Ìý
|
Ìý
|
191
|
Ìý
|
Ìý4
|
Ìý
|
Ìý—
|
Ìý
|
195
|
Ìý
|
|
Total revenue
|
Ìý
|
Ìý
|
1,200
|
Ìý
|
Ìý4
|
Ìý
|
Ìý—
|
Ìý
|
1,204
|
Ìý
|
|
Operating costs and expenses, including stock-based compensation (note 6):
|
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
|
252
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
252
|
Ìý
|
|
Programming and content
|
Ìý
|
Ìý
|
85
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
85
|
Ìý
|
|
Customer service and billing
|
Ìý
|
Ìý
|
97
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
97
|
Ìý
|
|
Other
|
Ìý
|
Ìý
|
33
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
33
|
Ìý
|
|
Subscriber acquisition costs
|
Ìý
|
Ìý
|
132
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
132
|
Ìý
|
|
Other operating expenses
|
Ìý
|
Ìý
|
19
|
Ìý
|
28
|
Ìý
|
Ìý—
|
Ìý
|
47
|
Ìý
|
|
Selling, general and administrative
|
Ìý
|
Ìý
|
167
|
Ìý
|
14
|
Ìý
|
20
|
Ìý
|
201
|
Ìý
|
|
Legal settlement, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(511)
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Ìý
|
(511)
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
79
|
Ìý
|
Ìý5
|
Ìý
|
Ìý3
|
Ìý
|
87
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
864
|
Ìý
|
47
|
Ìý
|
(488)
|
Ìý
|
423
|
Ìý
|
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Operating income (loss)
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Ìý
|
Ìý
|
336
|
Ìý
|
(43)
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|
488
|
Ìý
|
781
|
Ìý
|
|
Other income (expense):
|
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|
Ìý
|
Ìý
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Ìý
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Ìý
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Ìý
|
Ìý
|
Ìý
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Ìý
|
Ìý
|
|
Interest expense
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Ìý
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Ìý
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(81)
|
Ìý
|
Ìý—
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Ìý
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(3)
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Ìý
|
(84)
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Ìý
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Share of earnings (losses) of affiliates, net
|
Ìý
|
Ìý
|
Ìý7
|
Ìý
|
Ìý2
|
Ìý
|
(21)
|
Ìý
|
(12)
|
Ìý
|
|
Realized and unrealized gains (losses) on financial instruments, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
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(8)
|
Ìý
|
(8)
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Ìý
|
|
Other, net
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Ìý
|
Ìý
|
Ìý1
|
Ìý
|
Ìý—
|
Ìý
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Ìý6
|
Ìý
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Ìý7
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Ìý
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|
Ìý
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Ìý
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Ìý
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(73)
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Ìý
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Ìý2
|
Ìý
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(26)
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Ìý
|
(97)
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Ìý
|
|
Earnings (loss) before income taxes
|
Ìý
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Ìý
|
263
|
Ìý
|
(41)
|
Ìý
|
462
|
Ìý
|
684
|
Ìý
|
|
Income tax (expense) benefit
|
Ìý
|
Ìý
|
(102)
|
Ìý
|
16
|
Ìý
|
(171)
|
Ìý
|
(257)
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
Ìý
|
161
|
Ìý
|
(25)
|
Ìý
|
291
|
Ìý
|
427
|
Ìý
|
|
Less net earnings (loss) attributable to the noncontrolling interests
|
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Ìý
|
63
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
63
|
Ìý
|
|
Net earnings (loss) attributable to Â鶹×îгöÆ· stockholders
|
Ìý
|
$
|
98
|
Ìý
|
(25)
|
Ìý
|
291
|
Ìý
|
364
|
Ìý
|
|
| Condensed Statement of Cash Flows |
STATEMENT OF CASH FLOWS INFORMATION
Three months endedÌýMarch 31, 2017
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Ìý
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Ìý
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Ìý
|
Ìý
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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
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Ìý
|
Ìý
|
Ìý
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Net earnings (loss)
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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
|
Ìý
|
Ìý
|
Ìý2
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
Ìý2
|
Ìý
|
|
Losses (gains) on dilution of investment in affiliate
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(2)
|
Ìý
|
(2)
|
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
|
Ìý—
|
Ìý
|
Ìý4
|
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 and loans to cost and equity investees
|
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 and cash equivalents
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
Ìý1
|
Ìý
|
Ìý1
|
Ìý
|
|
Net increase (decrease) in cash and cash equivalents
|
Ìý
|
Ìý
|
43
|
Ìý
|
Ìý8
|
Ìý
|
458
|
Ìý
|
509
|
Ìý
|
|
Cash and cash equivalents at beginning of period
|
Ìý
|
Ìý
|
287
|
Ìý
|
107
|
Ìý
|
168
|
Ìý
|
562
|
Ìý
|
|
Cash and cash equivalents at end of period
|
Ìý
|
$
|
330
|
Ìý
|
115
|
Ìý
|
626
|
Ìý
|
1,071
|
Ìý
|
Ìý
STATEMENT OF CASH FLOWS INFORMATION
March 31, 2016
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
|
$
|
161
|
Ìý
|
(25)
|
Ìý
|
291
|
Ìý
|
427
|
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
|
79
|
Ìý
|
Ìý5
|
Ìý
|
Ìý3
|
Ìý
|
87
|
Ìý
|
|
Stock-based compensation
|
Ìý
|
Ìý
|
24
|
Ìý
|
Ìý2
|
Ìý
|
Ìý8
|
Ìý
|
34
|
Ìý
|
|
Share of (earnings) loss of affiliates, net
|
Ìý
|
Ìý
|
(7)
|
Ìý
|
(2)
|
Ìý
|
21
|
Ìý
|
12
|
Ìý
|
|
Realized and unrealized (gains) losses on financial instruments, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
Ìý8
|
Ìý
|
Ìý8
|
Ìý
|
|
Noncash interest expense
|
Ìý
|
Ìý
|
Ìý2
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
Ìý2
|
Ìý
|
|
Losses (gains) on dilution of investment in affiliate
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
Ìý2
|
Ìý
|
Ìý2
|
Ìý
|
|
Deferred income tax expense (benefit)
|
Ìý
|
Ìý
|
97
|
Ìý
|
(9)
|
Ìý
|
26
|
Ìý
|
114
|
Ìý
|
|
Intergroup tax allocation
|
Ìý
|
Ìý
|
(1)
|
Ìý
|
(6)
|
Ìý
|
Ìý7
|
Ìý
|
Ìý—
|
Ìý
|
|
Other charges (credits), net
|
Ìý
|
Ìý
|
Ìý4
|
Ìý
|
Ìý1
|
Ìý
|
(4)
|
Ìý
|
Ìý1
|
Ìý
|
|
Changes in operating assets and liabilities
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current and other assets
|
Ìý
|
Ìý
|
(13)
|
Ìý
|
(12)
|
Ìý
|
Ìý2
|
Ìý
|
(23)
|
Ìý
|
|
Payables and other liabilities
|
Ìý
|
Ìý
|
10
|
Ìý
|
76
|
Ìý
|
137
|
Ìý
|
223
|
Ìý
|
|
Net cash provided (used) by operating activities
|
Ìý
|
Ìý
|
356
|
Ìý
|
30
|
Ìý
|
501
|
Ìý
|
887
|
Ìý
|
|
Cash flows from investing activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Investments in and loans to cost and equity investees
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
(8)
|
Ìý
|
(3)
|
Ìý
|
(11)
|
Ìý
|
|
Capital expended for property and equipment
|
Ìý
|
Ìý
|
(30)
|
Ìý
|
(37)
|
Ìý
|
Ìý—
|
Ìý
|
(67)
|
Ìý
|
|
Purchases of short term investments and other marketable securities
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(99)
|
Ìý
|
(99)
|
Ìý
|
|
Sales of short term investments and other marketable securities
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
53
|
Ìý
|
53
|
Ìý
|
|
Other investing activities, net
|
Ìý
|
Ìý
|
(4)
|
Ìý
|
Ìý—
|
Ìý
|
Ìý3
|
Ìý
|
(1)
|
Ìý
|
|
Net cash provided (used) by investing activities
|
Ìý
|
Ìý
|
(34)
|
Ìý
|
(45)
|
Ìý
|
(46)
|
Ìý
|
(125)
|
Ìý
|
|
Cash flows from financing activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Borrowings of debt
|
Ìý
|
Ìý
|
330
|
Ìý
|
Ìý5
|
Ìý
|
Ìý—
|
Ìý
|
335
|
Ìý
|
|
Repayments of debt
|
Ìý
|
Ìý
|
(72)
|
Ìý
|
(38)
|
Ìý
|
(1)
|
Ìý
|
(111)
|
Ìý
|
|
Intergroup (payments) receipts
|
Ìý
|
Ìý
|
Ìý6
|
Ìý
|
70
|
Ìý
|
(76)
|
Ìý
|
Ìý—
|
Ìý
|
|
Shares repurchased by subsidiary
|
Ìý
|
Ìý
|
(594)
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(594)
|
Ìý
|
|
Taxes paid in lieu of shares issued for stock-based compensation
|
Ìý
|
Ìý
|
(2)
|
Ìý
|
Ìý—
|
Ìý
|
(2)
|
Ìý
|
(4)
|
Ìý
|
|
Other financing activities, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý9
|
Ìý
|
Ìý4
|
Ìý
|
13
|
Ìý
|
|
Net cash provided (used) by financing activities
|
Ìý
|
Ìý
|
(332)
|
Ìý
|
46
|
Ìý
|
(75)
|
Ìý
|
(361)
|
Ìý
|
|
Net increase (decrease) in cash and cash equivalents
|
Ìý
|
Ìý
|
(10)
|
Ìý
|
31
|
Ìý
|
380
|
Ìý
|
401
|
Ìý
|
|
Cash and cash equivalents at beginning of period
|
Ìý
|
Ìý
|
112
|
Ìý
|
13
|
Ìý
|
76
|
Ìý
|
201
|
Ìý
|
|
Cash and cash equivalents at end of period
|
Ìý
|
$
|
102
|
Ìý
|
44
|
Ìý
|
456
|
Ìý
|
602
|
Ìý
|
Ìý
|