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 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities: Ìý Ìý Ìý Ìý
Net earnings (loss) $ 400 $ (43) $ 914 $ (303)
Adjustments to reconcile net earnings to net cash provided by operating activities: Ìý Ìý Ìý Ìý
Depreciation and amortization 274 279 806 812
Stock-based compensation Ìý Ìý 188 180
Non-cash impairment and restructuring costs Ìý Ìý 24 24
Changes in fair value of contingent consideration Ìý Ìý (17) Ìý
Share of (earnings) loss of affiliates, net (9) 187 134 442
Realized and unrealized (gains) losses on financial instruments, net 40 (16) (66) 163
Losses (gains) on dilution of investment in affiliate (142) Ìý (152) (1)
Deferred income tax expense (benefit) Ìý Ìý 33 (43)
Other charges (credits), net Ìý Ìý 104 62
Changes in operating assets and liabilities Ìý Ìý Ìý Ìý
Current and other assets Ìý Ìý (45) (148)
Payables and other liabilities Ìý Ìý (250) (132)
Net cash provided (used) by operating activities Ìý Ìý 1,673 1,056
Cash flows from investing activities: Ìý Ìý Ìý Ìý
Investments in equity method affiliates and debt and equity securities Ìý Ìý (218) (94)
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 196 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 (280) (316)
Proceeds from insurance recoveries Ìý Ìý 225 Ìý
Other investing activities, net Ìý Ìý 13 11
Net cash provided (used) by investing activities Ìý Ìý (615) (309)
Cash flows from financing activities: Ìý Ìý Ìý Ìý
Borrowings of debt Ìý Ìý 6,407 3,038
Repayments of debt Ìý Ìý (6,129) (2,595)
Â鶹×îгöÆ· stock repurchases Ìý Ìý (398) (204)
Subsidiary shares repurchased by subsidiary Ìý Ìý (1,174) (870)
Proceeds from Â鶹×îгöÆ· SiriusXM common stock rights offering Ìý Ìý Ìý 754
Cash dividends paid by subsidiary Ìý Ìý (41) (49)
Taxes paid in lieu of shares issued for stock-based compensation Ìý Ìý (93) (86)
Proceeds from initial public offering of subsidiary Ìý Ìý 575 Ìý
Other financing activities, net Ìý Ìý (128) (66)
Net cash provided (used) by financing activities Ìý Ìý (981) (78)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash Ìý Ìý (5) (1)
Net increase (decrease) in cash, cash equivalents and restricted cash Ìý Ìý 72 668
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 2,949 1,974 2,949 1,974
Â鶹×îгöÆ· SiriusXM Group Ìý Ìý Ìý Ìý
Cash flows from operating activities: Ìý Ìý Ìý Ìý
Net earnings (loss) 413 80 883 348
Adjustments to reconcile net earnings to net cash provided by operating activities: Ìý Ìý Ìý Ìý
Depreciation and amortization 152 142 451 432
Stock-based compensation Ìý Ìý 158 173
Non-cash impairment and restructuring costs Ìý Ìý 24 24
Changes in fair value of contingent consideration Ìý Ìý (17) Ìý
Share of (earnings) loss of affiliates, net (2) 183 181 331
Unrealized (gains) losses on intergroup interests, net (20) (25) (52) (92)
Realized and unrealized (gains) losses on financial instruments, net 42 39 42 228
Losses (gains) on dilution of investment in affiliate (142) Ìý (152) (1)
Deferred income tax expense (benefit) Ìý Ìý 66 33
Intergroup tax allocation Ìý Ìý 5 4
Other charges (credits), net Ìý Ìý 94 50
Changes in operating assets and liabilities Ìý Ìý Ìý Ìý
Current and other assets Ìý Ìý 54 150
Payables and other liabilities Ìý Ìý (439) (301)
Net cash provided (used) by operating activities Ìý Ìý 1,298 1,379
Cash flows from investing activities: Ìý Ìý Ìý Ìý
Investments in equity method affiliates and debt and equity securities Ìý Ìý (66) (91)
Cash proceeds from sale of investments Ìý Ìý 27 Ìý
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 (244) (230)
Proceeds from insurance recoveries Ìý Ìý 225 Ìý
Other investing activities, net Ìý Ìý 6 10
Net cash provided (used) by investing activities Ìý Ìý (66) (339)
Cash flows from financing activities: Ìý Ìý Ìý Ìý
Borrowings of debt Ìý Ìý 6,294 2,300
Repayments of debt Ìý Ìý (5,871) (1,922)
Intergroup Loan (repayment) borrowing Ìý Ìý Ìý (750)
Â鶹×îгöÆ· stock repurchases Ìý Ìý (351) (135)
Subsidiary shares repurchased by subsidiary Ìý Ìý (1,174) (870)
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 (41) (49)
Taxes paid in lieu of shares issued for stock-based compensation Ìý Ìý (91) (84)
Settlement of intergroup call spread Ìý Ìý (384) Ìý
Other financing activities, net Ìý Ìý (85) (35)
Net cash provided (used) by financing activities Ìý Ìý (1,703) (1,399)
Net increase (decrease) in cash, cash equivalents and restricted cash Ìý Ìý (471) (359)
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 537 148 537 148
Braves Group Ìý Ìý Ìý Ìý
Cash flows from operating activities: Ìý Ìý Ìý Ìý
Net earnings (loss) 36 (31) 2 (16)
Adjustments to reconcile net earnings to net cash provided by operating activities: Ìý Ìý Ìý Ìý
Depreciation and amortization 22 19 56 54
Stock-based compensation Ìý Ìý 9 (10)
Share of (earnings) loss of affiliates, net (9) 5 (20) 2
Unrealized (gains) losses on intergroup interests, net (12) 10 15 (78)
Realized and unrealized (gains) losses on financial instruments, net Ìý Ìý (1) 10
Deferred income tax expense (benefit) Ìý Ìý 10 (15)
Intergroup tax allocation Ìý Ìý (2) (16)
Other charges (credits), net Ìý Ìý 7 10
Changes in operating assets and liabilities Ìý Ìý Ìý Ìý
Current and other assets Ìý Ìý (52) (16)
Payables and other liabilities Ìý Ìý (16) 19
Net cash provided (used) by operating activities Ìý Ìý 8 (56)
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 (26) (69)
Other investing activities, net Ìý Ìý 8 4
Net cash provided (used) by investing activities Ìý Ìý (16) (65)
Cash flows from financing activities: Ìý Ìý Ìý Ìý
Borrowings of debt Ìý Ìý 113 216
Repayments of debt Ìý Ìý (67) (62)
Other financing activities, net Ìý Ìý (6) (5)
Net cash provided (used) by financing activities Ìý Ìý 40 149
Net increase (decrease) in cash, cash equivalents and restricted cash Ìý Ìý 32 28
Cash, cash equivalents and restricted cash at beginning of period Ìý Ìý 185 212
Cash, cash equivalents and restricted cash at end of period 217 240 217 240
Formula One Group Ìý Ìý Ìý Ìý
Cash flows from operating activities: Ìý Ìý Ìý Ìý
Net earnings (loss) (49) (92) 29 (635)
Adjustments to reconcile net earnings to net cash provided by operating activities: Ìý Ìý Ìý Ìý
Depreciation and amortization 100 118 299 326
Stock-based compensation Ìý Ìý 21 17
Share of (earnings) loss of affiliates, net 2 (1) (27) 109
Unrealized (gains) losses on intergroup interests, net 32 15 37 170
Realized and unrealized (gains) losses on financial instruments, net (2) (55) (107) (75)
Deferred income tax expense (benefit) Ìý Ìý (43) (61)
Intergroup tax allocation Ìý Ìý (3) 12
Other charges (credits), net Ìý Ìý 3 2
Changes in operating assets and liabilities Ìý Ìý Ìý Ìý
Current and other assets Ìý Ìý (47) (282)
Payables and other liabilities Ìý Ìý 205 150
Net cash provided (used) by operating activities Ìý Ìý 367 (267)
Cash flows from investing activities: Ìý Ìý Ìý Ìý
Investments in equity method affiliates and debt and equity securities Ìý Ìý (152) (3)
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 (10) (17)
Other investing activities, net Ìý Ìý (1) (3)
Net cash provided (used) by investing activities Ìý Ìý (533) 95
Cash flows from financing activities: Ìý Ìý Ìý Ìý
Borrowings of debt Ìý Ìý Ìý 522
Repayments of debt Ìý Ìý (191) (611)
Intergroup Loan (repayment) borrowing Ìý Ìý Ìý 750
Â鶹×îгöÆ· stock repurchases Ìý Ìý (47) (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 (2) (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 (37) (26)
Net cash provided (used) by financing activities Ìý Ìý 682 1,172
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash Ìý Ìý (5) (1)
Net increase (decrease) in cash, cash equivalents and restricted cash Ìý Ìý 511 999
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 $ 2,195 $ 1,586 $ 2,195 $ 1,586