Â鶹×îгöÆ·

Quarterly report pursuant to Section 13 or 15(d)

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

v3.21.2
Financial Information for Tracking Stock Groups - Cash Flows (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities: Ìý Ìý Ìý Ìý
Net earnings (loss) $ 528 $ (262) $ 514 $ (260)
Adjustments to reconcile net earnings to net cash provided by operating activities: Ìý Ìý Ìý Ìý
Depreciation and amortization 268 266 532 533
Stock-based compensation Ìý Ìý 123 112
Non-cash impairment and restructuring costs Ìý Ìý 245 24
Share of (earnings) loss of affiliates, net 48 193 143 255
Realized and unrealized (gains) losses on financial instruments, net (155) 180 (106) 179
Deferred income tax expense (benefit) Ìý Ìý (101) (34)
Other charges (credits), net Ìý Ìý 3 10
Changes in operating assets and liabilities Ìý Ìý Ìý Ìý
Current and other assets Ìý Ìý (176) (240)
Payables and other liabilities Ìý Ìý 58 290
Net cash provided (used) by operating activities Ìý Ìý 1,235 869
Cash flows from investing activities: Ìý Ìý Ìý Ìý
Investments in equity method affiliates and debt and equity securities Ìý Ìý (185) (87)
Investment of subsidiary initial public offering proceeds into trust account Ìý Ìý (575) Ìý
Return of investment in equity method affiliates Ìý Ìý 38 105
Cash proceeds from sale of investments Ìý Ìý 169 13
Cash (paid) received for acquisitions, net of cash acquired Ìý Ìý (14) (28)
Capital expended for property and equipment, including internal-use software and website development Ìý Ìý (190) (206)
Other investing activities, net Ìý Ìý 3 Ìý
Net cash provided (used) by investing activities Ìý Ìý (754) (203)
Cash flows from financing activities: Ìý Ìý Ìý Ìý
Borrowings of debt Ìý Ìý 3,794 2,835
Repayments of debt Ìý Ìý (2,513) (884)
Â鶹×îгöÆ· SiriusXM common stock repurchases Ìý Ìý (243) (138)
Subsidiary shares repurchased by subsidiary Ìý Ìý (856) (399)
Proceeds from Â鶹×îгöÆ· SiriusXM common stock rights offering Ìý Ìý Ìý 754
Cash dividends paid by subsidiary Ìý Ìý (28) (33)
Taxes paid in lieu of shares issued for stock-based compensation Ìý Ìý (45) (46)
Proceeds from initial public offering of subsidiary Ìý Ìý 575 Ìý
Other financing activities, net Ìý Ìý (34) (20)
Net cash provided (used) by financing activities Ìý Ìý 650 2,069
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash Ìý Ìý (2) (10)
Net increase (decrease) in cash, cash equivalents and restricted cash Ìý Ìý 1,129 2,725
Cash, cash equivalents and restricted cash at beginning of period Ìý Ìý 2,877 1,306
Cash, cash equivalents and restricted cash at end of period 4,006 4,031 4,006 4,031
Â鶹×îгöÆ· SiriusXM Group Ìý Ìý Ìý Ìý
Cash flows from operating activities: Ìý Ìý Ìý Ìý
Net earnings (loss) 432 (24) 470 268
Adjustments to reconcile net earnings to net cash provided by operating activities: Ìý Ìý Ìý Ìý
Depreciation and amortization 150 142 299 290
Stock-based compensation Ìý Ìý 104 112
Non-cash impairment and restructuring costs Ìý Ìý 245 24
Share of (earnings) loss of affiliates, net 70 146 183 148
Unrealized (gains) losses on intergroup interests, net (22) (36) (32) (67)
Realized and unrealized (gains) losses on financial instruments, net (86) 184 Ìý 189
Deferred income tax expense (benefit) Ìý Ìý (13) 29
Intergroup tax allocation Ìý Ìý 2 (1)
Other charges (credits), net Ìý Ìý (2) 7
Changes in operating assets and liabilities Ìý Ìý Ìý Ìý
Current and other assets Ìý Ìý (90) 204
Payables and other liabilities Ìý Ìý (291) (236)
Net cash provided (used) by operating activities Ìý Ìý 875 967
Cash flows from investing activities: Ìý Ìý Ìý Ìý
Investments in equity method affiliates and debt and equity securities Ìý Ìý (61) (86)
Cash (paid) received for acquisitions, net of cash acquired Ìý Ìý (14) (28)
Capital expended for property and equipment, including internal-use software and website development Ìý Ìý (164) (149)
Other investing activities, net Ìý Ìý 4 (2)
Net cash provided (used) by investing activities Ìý Ìý (235) (265)
Cash flows from financing activities: Ìý Ìý Ìý Ìý
Borrowings of debt Ìý Ìý 3,722 2,117
Repayments of debt Ìý Ìý (2,270) (238)
Intergroup Loan (repayment) borrowing Ìý Ìý Ìý (750)
Â鶹×îгöÆ· SiriusXM common stock repurchases Ìý Ìý (243) (69)
Subsidiary shares repurchased by subsidiary Ìý Ìý (856) (399)
Reattribution between Â鶹×îгöÆ· SiriusXM Group and Â鶹×îгöÆ· Formula One Group Ìý Ìý Ìý (608)
Proceeds from Â鶹×îгöÆ· SiriusXM common stock rights offering Ìý Ìý Ìý 754
Cash dividends paid by subsidiary Ìý Ìý (28) (33)
Taxes paid in lieu of shares issued for stock-based compensation Ìý Ìý (44) (44)
Settlement of intergroup call spread Ìý Ìý (384) Ìý
Other financing activities, net Ìý Ìý 5 (4)
Net cash provided (used) by financing activities Ìý Ìý (98) 726
Net increase (decrease) in cash, cash equivalents and restricted cash Ìý Ìý 542 1,428
Cash, cash equivalents and restricted cash at beginning of period Ìý Ìý 1,008 507
Cash, cash equivalents and restricted cash at end of period 1,550 1,935 1,550 1,935
Braves Group Ìý Ìý Ìý Ìý
Cash flows from operating activities: Ìý Ìý Ìý Ìý
Net earnings (loss) 25 (38) (34) 15
Adjustments to reconcile net earnings to net cash provided by operating activities: Ìý Ìý Ìý Ìý
Depreciation and amortization 19 20 34 35
Stock-based compensation Ìý Ìý 6 (12)
Share of (earnings) loss of affiliates, net (8) 1 (11) (3)
Unrealized (gains) losses on intergroup interests, net (1) 7 27 (88)
Realized and unrealized (gains) losses on financial instruments, net 1 1 (1) 10
Deferred income tax expense (benefit) Ìý Ìý (3) (16)
Intergroup tax allocation Ìý Ìý 2 (8)
Other charges (credits), net Ìý Ìý 3 3
Changes in operating assets and liabilities Ìý Ìý Ìý Ìý
Current and other assets Ìý Ìý 2 6
Payables and other liabilities Ìý Ìý 23 59
Net cash provided (used) by operating activities Ìý Ìý 48 1
Cash flows from investing activities: Ìý Ìý Ìý Ìý
Cash proceeds from sale of investments Ìý Ìý 2 Ìý
Capital expended for property and equipment, including internal-use software and website development Ìý Ìý (19) (43)
Other investing activities, net Ìý Ìý Ìý 4
Net cash provided (used) by investing activities Ìý Ìý (17) (39)
Cash flows from financing activities: Ìý Ìý Ìý Ìý
Borrowings of debt Ìý Ìý 72 196
Repayments of debt Ìý Ìý (53) (37)
Other financing activities, net Ìý Ìý (4) (4)
Net cash provided (used) by financing activities Ìý Ìý 15 155
Net increase (decrease) in cash, cash equivalents and restricted cash Ìý Ìý 46 117
Cash, cash equivalents and restricted cash at beginning of period Ìý Ìý 185 212
Cash, cash equivalents and restricted cash at end of period 231 329 231 329
Formula One Group Ìý Ìý Ìý Ìý
Cash flows from operating activities: Ìý Ìý Ìý Ìý
Net earnings (loss) 71 (200) 78 (543)
Adjustments to reconcile net earnings to net cash provided by operating activities: Ìý Ìý Ìý Ìý
Depreciation and amortization 99 104 199 208
Stock-based compensation Ìý Ìý 13 12
Share of (earnings) loss of affiliates, net (14) 46 (29) 110
Unrealized (gains) losses on intergroup interests, net 23 29 5 155
Realized and unrealized (gains) losses on financial instruments, net (70) (5) (105) (20)
Deferred income tax expense (benefit) Ìý Ìý (85) (47)
Intergroup tax allocation Ìý Ìý (4) 9
Other charges (credits), net Ìý Ìý 2 Ìý
Changes in operating assets and liabilities Ìý Ìý Ìý Ìý
Current and other assets Ìý Ìý (88) (450)
Payables and other liabilities Ìý Ìý 326 467
Net cash provided (used) by operating activities Ìý Ìý 312 (99)
Cash flows from investing activities: Ìý Ìý Ìý Ìý
Investments in equity method affiliates and debt and equity securities Ìý Ìý (124) (1)
Investment of subsidiary initial public offering proceeds into trust account Ìý Ìý (575) Ìý
Return of investment in equity method affiliates Ìý Ìý 38 105
Cash proceeds from sale of investments Ìý Ìý 167 13
Capital expended for property and equipment, including internal-use software and website development Ìý Ìý (7) (14)
Other investing activities, net Ìý Ìý (1) (2)
Net cash provided (used) by investing activities Ìý Ìý (502) 101
Cash flows from financing activities: Ìý Ìý Ìý Ìý
Borrowings of debt Ìý Ìý Ìý 522
Repayments of debt Ìý Ìý (190) (609)
Intergroup Loan (repayment) borrowing Ìý Ìý Ìý 750
Â鶹×îгöÆ· SiriusXM common stock repurchases Ìý Ìý Ìý (69)
Reattribution between Â鶹×îгöÆ· SiriusXM Group and Â鶹×îгöÆ· Formula One Group Ìý Ìý Ìý 608
Taxes paid in lieu of shares issued for stock-based compensation Ìý Ìý (1) (2)
Proceeds from initial public offering of subsidiary Ìý Ìý 575 Ìý
Settlement of intergroup call spread Ìý Ìý 384 Ìý
Other financing activities, net Ìý Ìý (35) (12)
Net cash provided (used) by financing activities Ìý Ìý 733 1,188
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash Ìý Ìý (2) (10)
Net increase (decrease) in cash, cash equivalents and restricted cash Ìý Ìý 541 1,180
Cash, cash equivalents and restricted cash at beginning of period Ìý Ìý 1,684 587
Cash, cash equivalents and restricted cash at end of period $ 2,225 $ 1,767 $ 2,225 $ 1,767