Financial Information for Tracking Stock Groups (Tables)
|
12 Months Ended |
Dec. 31, 2021 |
|---|
| Condensed Balance Sheets |
BALANCE SHEET INFORMATION
December 31, 2021
(unaudited)
​
|
|
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
​ |
Attributed (note 1) |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Â鶹×îгöÆ· |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
SiriusXM |
​ |
Braves |
​ |
Formula One |
​ |
Inter-Group |
​ |
Consolidated |
​ |
​ |
ÌýÌýÌýÌý |
Group |
​ |
Group |
​ |
Group |
​ |
Eliminations |
​ |
Â鶹×îгöÆ· |
ÌýÌýÌýÌý |
|
​ |
​ |
²¹³¾´Ç³Ü²Ô³Ù²õÌý¾±²ÔÌý³¾¾±±ô±ô¾±´Ç²Ô²õ |
​ |
Assets |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Current assets: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Cash and cash equivalents |
​ |
$ |
598 |
​ |
142 |
​ |
2,074 |
​ |
— |
​ |
2,814 |
Ìý |
Trade and other receivables, net |
​ |
Ìý |
722 |
​ |
40 |
​ |
66 |
​ |
— |
​ |
828 |
Ìý |
Other current assets |
​ |
Ìý |
793 |
​ |
148 |
​ |
229 |
​ |
— |
​ |
1,170 |
Ìý |
Total current assets |
​ |
Ìý |
2,113 |
​ |
330 |
​ |
2,369 |
​ |
— |
​ |
4,812 |
Ìý |
Intergroup interests (note 1) |
​ |
​ |
379 |
​ |
— |
​ |
191 |
​ |
(570) |
​ |
— |
​ |
Investments in affiliates, accounted for using the equity method (note 1) |
​ |
Ìý |
805 |
​ |
110 |
​ |
30 |
​ |
— |
​ |
945 |
Ìý |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Property and equipment, at cost |
​ |
Ìý |
2,811 |
​ |
1,008 |
​ |
208 |
​ |
— |
​ |
4,027 |
Ìý |
Accumulated depreciation |
​ |
Ìý |
(1,697) |
​ |
(231) |
​ |
(89) |
​ |
— |
​ |
(2,017) |
Ìý |
​ |
​ |
Ìý |
1,114 |
​ |
777 |
​ |
119 |
​ |
— |
​ |
2,010 |
Ìý |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Intangible assets not subject to amortization |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Goodwill |
​ |
Ìý |
15,111 |
​ |
180 |
​ |
3,957 |
​ |
— |
​ |
19,248 |
Ìý |
FCC licenses |
​ |
Ìý |
8,600 |
​ |
— |
​ |
— |
​ |
— |
​ |
8,600 |
Ìý |
Other |
​ |
Ìý |
1,242 |
​ |
143 |
​ |
— |
​ |
— |
​ |
1,385 |
Ìý |
​ |
​ |
Ìý |
24,953 |
​ |
323 |
​ |
3,957 |
​ |
— |
​ |
29,233 |
Ìý |
Intangible assets subject to amortization, net |
​ |
Ìý |
1,269 |
​ |
21 |
​ |
3,507 |
​ |
— |
​ |
4,797 |
Ìý |
Other assets |
​ |
Ìý |
1,041 |
​ |
75 |
​ |
1,491 |
​ |
(53) |
​ |
2,554 |
Ìý |
Total assets |
​ |
$ |
31,674 |
​ |
1,636 |
​ |
11,664 |
​ |
(623) |
​ |
44,351 |
Ìý |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Liabilities and Equity |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Current liabilities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Intergroup payable (receivable) (note 4) |
​ |
$ |
14 |
​ |
(31) |
​ |
17 |
​ |
— |
​ |
— |
​ |
Accounts payable and accrued liabilities |
​ |
​ |
1,458 |
Ìý |
66 |
​ |
308 |
​ |
— |
​ |
1,832 |
​ |
Current portion of debt (noteÌý1) |
​ |
Ìý |
2,184 |
Ìý |
12 |
​ |
695 |
​ |
— |
​ |
2,891 |
​ |
Deferred revenue |
​ |
Ìý |
1,454 |
Ìý |
83 |
​ |
253 |
​ |
— |
​ |
1,790 |
​ |
Other current liabilities |
​ |
Ìý |
68 |
Ìý |
6 |
​ |
23 |
​ |
— |
​ |
97 |
​ |
Total current liabilities |
​ |
Ìý |
5,178 |
Ìý |
136 |
​ |
1,296 |
​ |
— |
​ |
6,610 |
​ |
Long-term debt (note 1) |
​ |
Ìý |
12,078 |
Ìý |
685 |
​ |
2,936 |
​ |
— |
​ |
15,699 |
​ |
Deferred income tax liabilities (note 3) |
​ |
Ìý |
2,206 |
Ìý |
65 |
​ |
— |
​ |
(53) |
​ |
2,218 |
​ |
Redeemable intergroup interests (note 1) |
​ |
​ |
— |
​ |
257 |
​ |
313 |
​ |
(570) |
​ |
— |
​ |
Other liabilities |
​ |
Ìý |
611 |
Ìý |
197 |
​ |
179 |
​ |
— |
​ |
987 |
​ |
Total liabilities |
​ |
Ìý |
20,073 |
Ìý |
1,340 |
​ |
4,724 |
​ |
(623) |
​ |
25,514 |
​ |
Redeemable noncontrolling interests in equity of subsidiary |
​ |
​ |
— |
​ |
— |
​ |
575 |
​ |
— |
​ |
575 |
​ |
Equity / Attributed net assets |
​ |
Ìý |
8,036 |
Ìý |
296 |
​ |
6,340 |
​ |
— |
​ |
14,672 |
​ |
Noncontrolling interests in equity of subsidiaries |
​ |
Ìý |
3,565 |
Ìý |
— |
​ |
25 |
​ |
— |
​ |
3,590 |
​ |
Total liabilities and equity |
​ |
$ |
31,674 |
Ìý |
1,636 |
​ |
11,664 |
​ |
(623) |
​ |
44,351 |
​ |
​
BALANCE SHEET INFORMATION
December 31, 2020
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
​ |
Attributed (note 1) |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Â鶹×îгöÆ· |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
SiriusXM |
​ |
Braves |
​ |
Formula One |
​ |
Inter-Group |
​ |
Consolidated |
​ |
​ |
ÌýÌýÌýÌý |
Group |
​ |
Group |
​ |
Group |
​ |
Eliminations |
​ |
Â鶹×îгöÆ· |
ÌýÌýÌýÌý |
|
​ |
​ |
²¹³¾´Ç³Ü²Ô³Ù²õÌý¾±²ÔÌý³¾¾±±ô±ô¾±´Ç²Ô²õ |
​ |
Assets |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Current assets: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Cash and cash equivalents |
​ |
$ |
996 |
​ |
151 |
​ |
1,684 |
​ |
— |
​ |
2,831 |
Ìý |
Trade and other receivables, net |
​ |
Ìý |
672 |
​ |
30 |
​ |
121 |
​ |
— |
​ |
823 |
Ìý |
Other current assets |
​ |
Ìý |
225 |
​ |
63 |
​ |
459 |
​ |
(371) |
​ |
376 |
Ìý |
Total current assets |
​ |
Ìý |
1,893 |
​ |
244 |
​ |
2,264 |
​ |
(371) |
​ |
4,030 |
Ìý |
Intergroup interests (note 1) |
​ |
Ìý |
257 |
​ |
— |
​ |
169 |
​ |
(426) |
​ |
— |
Ìý |
Investments in affiliates, accounted for using the equity method (noteÌý1) |
​ |
​ |
886 |
​ |
94 |
​ |
38 |
​ |
— |
​ |
1,018 |
​ |
​ |
​ |
Ìý |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Ìý |
Property and equipment, at cost |
​ |
Ìý |
2,842 |
​ |
977 |
​ |
198 |
​ |
— |
​ |
4,017 |
Ìý |
Accumulated depreciation |
​ |
Ìý |
(1,526) |
​ |
(178) |
​ |
(74) |
​ |
— |
​ |
(1,778) |
Ìý |
​ |
​ |
​ |
1,316 |
​ |
799 |
​ |
124 |
​ |
— |
​ |
2,239 |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Intangible assets not subject to amortization |
​ |
Ìý |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Ìý |
Goodwill |
​ |
Ìý |
15,082 |
​ |
180 |
​ |
3,956 |
​ |
— |
​ |
19,218 |
Ìý |
FCC licenses |
​ |
Ìý |
8,600 |
​ |
— |
​ |
— |
​ |
— |
​ |
8,600 |
Ìý |
Other |
​ |
Ìý |
1,242 |
​ |
143 |
​ |
— |
​ |
— |
​ |
1,385 |
Ìý |
​ |
​ |
Ìý |
24,924 |
​ |
323 |
​ |
3,956 |
​ |
— |
​ |
29,203 |
Ìý |
Intangible assets subject to amortization, net |
​ |
Ìý |
1,471 |
​ |
24 |
​ |
3,883 |
​ |
— |
​ |
5,378 |
Ìý |
Other assets |
​ |
​ |
1,334 |
​ |
87 |
​ |
757 |
​ |
(42) |
​ |
2,136 |
Ìý |
Total assets |
​ |
$ |
32,081 |
​ |
1,571 |
​ |
11,191 |
​ |
(839) |
​ |
44,004 |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Liabilities and Equity |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Current liabilities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Intergroup payable (receivable) (note 4) |
​ |
$ |
(22) |
​ |
(35) |
​ |
57 |
​ |
— |
​ |
— |
​ |
Accounts payable and accrued liabilities |
​ |
Ìý |
1,380 |
Ìý |
53 |
​ |
150 |
​ |
— |
​ |
1,583 |
​ |
Current portion of debt (noteÌý1) |
​ |
Ìý |
475 |
Ìý |
59 |
​ |
209 |
​ |
— |
​ |
743 |
​ |
Deferred revenue |
​ |
Ìý |
1,721 |
Ìý |
90 |
​ |
259 |
​ |
— |
​ |
2,070 |
​ |
Other current liabilities |
​ |
Ìý |
442 |
Ìý |
6 |
​ |
17 |
​ |
(371) |
​ |
94 |
​ |
Total current liabilities |
​ |
Ìý |
3,996 |
Ìý |
173 |
​ |
692 |
​ |
(371) |
​ |
4,490 |
​ |
Long-term debt (note 1) |
​ |
Ìý |
12,525 |
Ìý |
611 |
​ |
3,550 |
​ |
— |
​ |
16,686 |
​ |
Deferred income tax liabilities (note 3) |
​ |
Ìý |
2,116 |
Ìý |
52 |
​ |
— |
​ |
(42) |
​ |
2,126 |
​ |
Redeemable intergroup interests (note 1) |
​ |
Ìý |
— |
​ |
226 |
​ |
200 |
​ |
(426) |
​ |
— |
​ |
Other liabilities |
​ |
Ìý |
689 |
Ìý |
218 |
​ |
194 |
​ |
— |
​ |
1,101 |
​ |
Total liabilities |
​ |
Ìý |
19,326 |
Ìý |
1,280 |
​ |
4,636 |
​ |
(839) |
​ |
24,403 |
​ |
Equity / Attributed net assets |
​ |
​ |
8,250 |
Ìý |
291 |
​ |
6,550 |
​ |
— |
​ |
15,091 |
​ |
Noncontrolling interests in equity of subsidiaries |
​ |
​ |
4,505 |
Ìý |
— |
​ |
5 |
​ |
— |
​ |
4,510 |
​ |
Total liabilities and equity |
​ |
$ |
32,081 |
Ìý |
1,571 |
​ |
11,191 |
​ |
(839) |
​ |
44,004 |
​ |
|
| Condensed Statement of Operations |
STATEMENT OF OPERATIONS INFORMATION
December 31, 2021
(unaudited)
​
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
​ |
Attributed (note 1) |
​ |
​ |
​ |
​ |
​ |
Â鶹×îгöÆ· |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
SiriusXM |
​ |
Braves |
​ |
Formula One |
​ |
Consolidated |
​ |
​ |
​ |
Group |
​ |
Group |
​ |
Group |
​ |
Â鶹×îгöÆ· |
​ |
|
​ |
​ |
amounts in millions |
​ |
Revenue: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Holdings revenue |
​ |
$ |
8,696 |
Ìý |
— |
​ |
— |
​ |
8,696 |
​ |
Formula 1 revenue |
​ |
​ |
— |
​ |
— |
​ |
2,136 |
​ |
2,136 |
​ |
Other revenue |
​ |
Ìý |
— |
Ìý |
568 |
​ |
— |
​ |
568 |
​ |
Total revenue |
​ |
Ìý |
8,696 |
Ìý |
568 |
​ |
2,136 |
​ |
11,400 |
​ |
Operating costs and expenses, including stock-based compensation (note 2): |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Cost of Sirius XM Holdings services (exclusive of depreciation shown separately below): |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Revenue share and royalties |
​ |
Ìý |
2,672 |
Ìý |
— |
​ |
— |
​ |
2,672 |
​ |
Programming and content |
​ |
Ìý |
559 |
Ìý |
— |
​ |
— |
​ |
559 |
​ |
Customer service and billing |
​ |
Ìý |
501 |
Ìý |
— |
​ |
— |
​ |
501 |
​ |
Other |
​ |
Ìý |
236 |
Ìý |
— |
​ |
— |
​ |
236 |
​ |
Cost of Formula 1 revenue |
​ |
​ |
— |
Ìý |
— |
​ |
1,489 |
​ |
1,489 |
​ |
Subscriber acquisition costs |
​ |
Ìý |
325 |
Ìý |
— |
​ |
— |
​ |
325 |
​ |
Other operating expenses |
​ |
Ìý |
265 |
Ìý |
377 |
​ |
— |
​ |
642 |
​ |
Selling, general and administrative |
​ |
Ìý |
1,598 |
Ìý |
99 |
​ |
210 |
​ |
1,907 |
​ |
Impairment, restructuring and acquisition costs, net of recoveries |
​ |
​ |
20 |
Ìý |
— |
​ |
— |
​ |
20 |
​ |
Depreciation and amortization |
​ |
Ìý |
603 |
Ìý |
72 |
​ |
397 |
​ |
1,072 |
​ |
​ |
​ |
Ìý |
6,779 |
Ìý |
548 |
​ |
2,096 |
​ |
9,423 |
​ |
Operating income (loss) |
​ |
Ìý |
1,917 |
Ìý |
20 |
​ |
40 |
​ |
1,977 |
​ |
Other income (expense): |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Interest expense |
​ |
Ìý |
(495) |
Ìý |
(24) |
​ |
(123) |
​ |
(642) |
​ |
Share of earnings (losses) of affiliates, net |
​ |
Ìý |
(253) |
Ìý |
30 |
​ |
23 |
​ |
(200) |
​ |
Unrealized gain/(loss) on inter-group interests |
​ |
​ |
121 |
​ |
(31) |
​ |
(90) |
​ |
— |
​ |
Realized and unrealized gains (losses) on financial instruments, net |
​ |
Ìý |
(433) |
Ìý |
3 |
​ |
(21) |
​ |
(451) |
​ |
Gains (losses) on dilution of investment in affiliate |
​ |
​ |
152 |
Ìý |
— |
​ |
— |
​ |
152 |
​ |
Other, net |
​ |
Ìý |
(60) |
Ìý |
(1) |
​ |
14 |
​ |
(47) |
​ |
​ |
​ |
Ìý |
(968) |
Ìý |
(23) |
​ |
(197) |
​ |
(1,188) |
​ |
Earnings (loss) before income taxes |
​ |
Ìý |
949 |
Ìý |
(3) |
​ |
(157) |
​ |
789 |
​ |
Income tax (expense) benefit (note 3) |
​ |
Ìý |
(74) |
Ìý |
(8) |
​ |
37 |
​ |
(45) |
​ |
Net earnings (loss) |
​ |
Ìý |
875 |
Ìý |
(11) |
​ |
(120) |
​ |
744 |
​ |
Less net earnings (loss) attributable to the noncontrolling interests |
​ |
Ìý |
276 |
Ìý |
— |
​ |
16 |
​ |
292 |
​ |
Less net earnings (loss) attributable to the redeemable noncontrolling interests |
​ |
​ |
— |
Ìý |
— |
​ |
54 |
​ |
54 |
​ |
Net earnings (loss) attributable to Â鶹×îгöÆ· stockholders |
​ |
$ |
599 |
Ìý |
(11) |
​ |
(190) |
​ |
398 |
​ |
​
STATEMENT OF OPERATIONS INFORMATION
December 31, 2020
(unaudited)
​
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
​ |
Attributed (note 1) |
​ |
​ |
​ |
​ |
​ |
Â鶹×îгöÆ· |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
SiriusXM |
​ |
Braves |
​ |
Formula One |
​ |
Consolidated |
​ |
​ |
​ |
Group |
​ |
Group |
​ |
Group |
​ |
Â鶹×îгöÆ· |
​ |
|
​ |
​ |
amounts in millions |
​ |
Revenue: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Holdings revenue |
​ |
$ |
8,040 |
Ìý |
— |
​ |
— |
​ |
8,040 |
​ |
Formula 1 revenue |
​ |
​ |
— |
​ |
— |
​ |
1,145 |
​ |
1,145 |
​ |
Other revenue |
​ |
Ìý |
— |
Ìý |
178 |
​ |
— |
​ |
178 |
​ |
Total revenue |
​ |
Ìý |
8,040 |
Ìý |
178 |
​ |
1,145 |
​ |
9,363 |
​ |
Operating costs and expenses, including stock-based compensation (note 2): |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Cost of Sirius XM Holdings services (exclusive of depreciation shown separately below): |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Revenue share and royalties |
​ |
Ìý |
2,421 |
Ìý |
— |
​ |
— |
​ |
2,421 |
​ |
Programming and content |
​ |
Ìý |
481 |
Ìý |
— |
​ |
— |
​ |
481 |
​ |
Customer service and billing |
​ |
Ìý |
481 |
Ìý |
— |
​ |
— |
​ |
481 |
​ |
Other |
​ |
Ìý |
196 |
Ìý |
— |
​ |
— |
​ |
196 |
​ |
Cost of Formula 1 revenue |
​ |
​ |
— |
Ìý |
— |
​ |
974 |
​ |
974 |
​ |
Subscriber acquisition costs |
​ |
Ìý |
362 |
Ìý |
— |
​ |
— |
​ |
362 |
​ |
Other operating expenses |
​ |
Ìý |
264 |
Ìý |
170 |
​ |
— |
​ |
434 |
​ |
Selling, general and administrative |
​ |
Ìý |
1,509 |
Ìý |
67 |
​ |
174 |
​ |
1,750 |
​ |
Impairment, restructuring and acquisition costs, net of recoveries |
​ |
​ |
1,004 |
Ìý |
— |
​ |
— |
​ |
1,004 |
​ |
Depreciation and amortization |
​ |
Ìý |
573 |
Ìý |
69 |
​ |
441 |
​ |
1,083 |
​ |
​ |
​ |
Ìý |
7,291 |
Ìý |
306 |
​ |
1,589 |
​ |
9,186 |
​ |
Operating income (loss) |
​ |
Ìý |
749 |
Ìý |
(128) |
​ |
(444) |
​ |
177 |
​ |
Other income (expense): |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Interest expense |
​ |
Ìý |
(462) |
Ìý |
(26) |
​ |
(146) |
​ |
(634) |
​ |
Intergroup interest income (expense) |
​ |
​ |
(7) |
Ìý |
— |
​ |
7 |
​ |
— |
​ |
Share of earnings (losses) of affiliates, net |
​ |
Ìý |
(484) |
Ìý |
6 |
​ |
(108) |
​ |
(586) |
​ |
Unrealized gain/(loss) on inter-group interests |
​ |
​ |
125 |
​ |
42 |
​ |
(167) |
​ |
— |
​ |
Realized and unrealized gains (losses) on financial instruments, net |
​ |
Ìý |
(521) |
Ìý |
(10) |
​ |
129 |
​ |
(402) |
​ |
Gains (losses) on dilution of investment in affiliate |
​ |
​ |
4 |
​ |
— |
​ |
— |
​ |
4 |
​ |
Other, net |
​ |
Ìý |
(17) |
Ìý |
— |
​ |
23 |
​ |
6 |
​ |
​ |
​ |
Ìý |
(1,362) |
Ìý |
12 |
​ |
(262) |
​ |
(1,612) |
​ |
Earnings (loss) before income taxes |
​ |
Ìý |
(613) |
Ìý |
(116) |
​ |
(706) |
​ |
(1,435) |
​ |
Income tax (expense) benefit (note 3) |
​ |
Ìý |
(106) |
Ìý |
38 |
​ |
112 |
​ |
44 |
​ |
Net earnings (loss) |
​ |
Ìý |
(719) |
Ìý |
(78) |
​ |
(594) |
​ |
(1,391) |
​ |
Less net earnings (loss) attributable to the noncontrolling interests |
​ |
Ìý |
28 |
Ìý |
— |
​ |
2 |
​ |
30 |
​ |
Net earnings (loss) attributable to Â鶹×îгöÆ· stockholders |
​ |
$ |
(747) |
Ìý |
(78) |
​ |
(596) |
​ |
(1,421) |
​ |
​
STATEMENT OF OPERATIONS INFORMATION
December 31, 2019
(unaudited)
​
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
​ |
Attributed (note 1) |
​ |
​ |
​ |
​ |
​ |
Â鶹×îгöÆ· |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
SiriusXM |
​ |
Braves |
​ |
Formula One |
​ |
Consolidated |
​ |
​ |
​ |
Group |
​ |
Group |
​ |
Group |
​ |
Â鶹×îгöÆ· |
​ |
|
​ |
​ |
amounts in millions |
​ |
Revenue: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Holdings revenue |
​ |
$ |
7,794 |
Ìý |
— |
​ |
— |
​ |
7,794 |
​ |
Formula 1 revenue |
​ |
​ |
— |
​ |
— |
​ |
2,022 |
​ |
2,022 |
​ |
Other revenue |
​ |
Ìý |
— |
Ìý |
476 |
​ |
— |
​ |
476 |
​ |
Total revenue |
​ |
Ìý |
7,794 |
Ìý |
476 |
​ |
2,022 |
​ |
10,292 |
​ |
Operating costs and expenses, including stock-based compensation (note 2): |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Cost of Sirius XM Holdings services (exclusive of depreciation shown separately below): |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Revenue share and royalties |
​ |
Ìý |
2,291 |
Ìý |
— |
​ |
— |
​ |
2,291 |
​ |
Programming and content |
​ |
Ìý |
462 |
Ìý |
— |
​ |
— |
​ |
462 |
​ |
Customer service and billing |
​ |
Ìý |
475 |
Ìý |
— |
​ |
— |
​ |
475 |
​ |
Other |
​ |
Ìý |
199 |
Ìý |
— |
​ |
— |
​ |
199 |
​ |
Cost of Formula 1 revenue |
​ |
​ |
— |
Ìý |
— |
​ |
1,394 |
​ |
1,394 |
​ |
Subscriber acquisition costs |
​ |
Ìý |
427 |
Ìý |
— |
​ |
— |
​ |
427 |
​ |
Other operating expenses |
​ |
Ìý |
280 |
Ìý |
344 |
​ |
— |
​ |
624 |
​ |
Selling, general and administrative |
​ |
Ìý |
1,495 |
Ìý |
100 |
​ |
210 |
​ |
1,805 |
​ |
Impairment, restructuring and acquisition costs, net of recoveries |
​ |
​ |
84 |
Ìý |
— |
​ |
— |
​ |
84 |
​ |
Depreciation and amortization |
​ |
Ìý |
537 |
Ìý |
71 |
​ |
453 |
​ |
1,061 |
​ |
​ |
​ |
Ìý |
6,250 |
Ìý |
515 |
​ |
2,057 |
​ |
8,822 |
​ |
Operating income (loss) |
​ |
Ìý |
1,544 |
Ìý |
(39) |
​ |
(35) |
​ |
1,470 |
​ |
Other income (expense): |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Interest expense |
​ |
Ìý |
(435) |
Ìý |
(27) |
​ |
(195) |
​ |
(657) |
​ |
Share of earnings (losses) of affiliates, net |
​ |
Ìý |
(24) |
Ìý |
18 |
​ |
12 |
​ |
6 |
​ |
Unrealized gain/(loss) on inter-group interests |
​ |
​ |
— |
​ |
(42) |
​ |
42 |
​ |
— |
​ |
Realized and unrealized gains (losses) on financial instruments, net |
​ |
Ìý |
(41) |
Ìý |
(4) |
​ |
(270) |
​ |
(315) |
​ |
Gains (losses) on dilution of investment in affiliate |
​ |
​ |
— |
​ |
— |
​ |
7 |
​ |
7 |
​ |
Other, net |
​ |
Ìý |
(38) |
Ìý |
2 |
​ |
38 |
​ |
2 |
​ |
​ |
​ |
Ìý |
(538) |
Ìý |
(53) |
​ |
(366) |
​ |
(957) |
​ |
Earnings (loss) before income taxes |
​ |
Ìý |
1,006 |
Ìý |
(92) |
​ |
(401) |
​ |
513 |
​ |
Income tax (expense) benefit (note 3) |
​ |
Ìý |
(271) |
Ìý |
15 |
​ |
90 |
​ |
(166) |
​ |
Net earnings (loss) |
​ |
Ìý |
735 |
Ìý |
(77) |
​ |
(311) |
​ |
347 |
​ |
Less net earnings (loss) attributable to the noncontrolling interests |
​ |
Ìý |
241 |
Ìý |
— |
​ |
— |
​ |
241 |
​ |
Net earnings (loss) attributable to Â鶹×îгöÆ· stockholders |
​ |
$ |
494 |
Ìý |
(77) |
​ |
(311) |
​ |
106 |
​ |
|
| Condensed Statement of Cash Flows |
STATEMENT OF CASH FLOWS INFORMATION
December 31, 2021
(unaudited)
​
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
​ |
Attributed (note 1) |
​ |
​ |
​ |
​ |
​ |
Â鶹×îгöÆ· |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
SiriusXM |
​ |
Braves |
​ |
Formula One |
​ |
Consolidated |
​ |
​ |
​ |
Group |
​ |
Group |
​ |
Group |
​ |
Â鶹×îгöÆ· |
​ |
|
​ |
​ |
²¹³¾´Ç³Ü²Ô³Ù²õÌý¾±²ÔÌý³¾¾±±ô±ô¾±´Ç²Ô²õ |
​ |
Cash flows from operating activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Net earnings (loss) |
​ |
$ |
875 |
Ìý |
(11) |
​ |
(120) |
​ |
744 |
​ |
Adjustments to reconcile net earnings to net cash provided by operating activities: |
​ |
​ |
​ |
​ |
. |
​ |
​ |
​ |
​ |
​ |
Depreciation and amortization |
​ |
Ìý |
603 |
Ìý |
72 |
​ |
397 |
​ |
1,072 |
​ |
Stock-based compensation |
​ |
Ìý |
215 |
Ìý |
12 |
​ |
29 |
​ |
256 |
​ |
Non-cash impairment and restructuring costs |
​ |
​ |
24 |
​ |
— |
​ |
— |
​ |
24 |
​ |
Share of (earnings) loss of affiliates, net |
​ |
Ìý |
253 |
Ìý |
(30) |
​ |
(23) |
​ |
200 |
​ |
Unrealized (gains) losses on intergroup interests, net |
​ |
​ |
(121) |
​ |
31 |
​ |
90 |
​ |
— |
​ |
Realized and unrealized (gains) losses on financial instruments, net |
​ |
Ìý |
433 |
Ìý |
(3) |
​ |
21 |
​ |
451 |
​ |
Noncash interest expense |
​ |
​ |
15 |
​ |
— |
​ |
1 |
​ |
16 |
​ |
Losses (gains) on dilution of investment in affiliate |
​ |
​ |
(152) |
​ |
— |
​ |
— |
​ |
(152) |
​ |
Loss on early extinguishment of debt |
​ |
​ |
83 |
​ |
— |
​ |
(3) |
​ |
80 |
​ |
Deferred income tax expense (benefit) |
​ |
Ìý |
(12) |
Ìý |
12 |
​ |
(41) |
​ |
(41) |
​ |
Intergroup tax allocation |
​ |
​ |
9 |
​ |
(4) |
​ |
(5) |
​ |
— |
​ |
Intergroup tax (payments) receipts |
​ |
​ |
(2) |
​ |
7 |
​ |
(5) |
​ |
— |
​ |
Other charges (credits), net |
​ |
Ìý |
(15) |
Ìý |
20 |
​ |
(3) |
​ |
2 |
​ |
Changes in operating assets and liabilities |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Current and other assets |
​ |
Ìý |
(59) |
Ìý |
(43) |
​ |
(2) |
​ |
(104) |
​ |
Payables and other liabilities |
​ |
Ìý |
(255) |
Ìý |
(1) |
​ |
145 |
​ |
(111) |
​ |
Net cash provided (used) by operating activities |
​ |
Ìý |
1,894 |
Ìý |
62 |
​ |
481 |
​ |
2,437 |
​ |
Cash flows from investing activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Investment of subsidiary initial public offering proceeds into trust account |
​ |
​ |
— |
​ |
— |
​ |
(575) |
​ |
(575) |
​ |
Cash proceeds from dispositions of investments |
​ |
​ |
177 |
​ |
2 |
​ |
204 |
​ |
383 |
​ |
Cash (paid) received for acquisitions, net of cash acquired |
​ |
​ |
(14) |
​ |
— |
​ |
— |
​ |
(14) |
​ |
Investments in equity method affiliates and debt and equity securities |
​ |
Ìý |
(73) |
Ìý |
— |
​ |
(179) |
​ |
(252) |
​ |
Return of investment in equity method affiliates |
​ |
​ |
1 |
​ |
— |
​ |
39 |
​ |
40 |
​ |
Repayment of loans and other cash receipts from equity method affiliates and debt and equity securities |
​ |
​ |
12 |
​ |
— |
​ |
— |
​ |
12 |
​ |
Capital expended for property and equipment, including internal-use software and website development |
​ |
Ìý |
(388) |
Ìý |
(35) |
​ |
(17) |
​ |
(440) |
​ |
Proceeds from insurance recoveries |
​ |
​ |
225 |
Ìý |
— |
​ |
— |
​ |
225 |
​ |
Other investing activities, net |
​ |
Ìý |
(4) |
Ìý |
8 |
​ |
(72) |
​ |
(68) |
​ |
Net cash provided (used) by investing activities |
​ |
Ìý |
(64) |
Ìý |
(25) |
​ |
(600) |
​ |
(689) |
​ |
Cash flows from financing activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Borrowings of debt |
​ |
Ìý |
6,294 |
Ìý |
117 |
​ |
— |
​ |
6,411 |
​ |
Repayments of debt |
​ |
Ìý |
(5,872) |
Ìý |
(93) |
​ |
(322) |
​ |
(6,287) |
​ |
Â鶹×îгöÆ· stock repurchases |
​ |
​ |
(500) |
Ìý |
— |
​ |
(55) |
​ |
(555) |
​ |
Subsidiary shares repurchased by subsidiary |
​ |
Ìý |
(1,523) |
Ìý |
— |
​ |
— |
​ |
(1,523) |
​ |
Proceeds from initial public offering of subsidiary |
​ |
​ |
— |
​ |
— |
​ |
575 |
​ |
575 |
​ |
Cash dividends paid by subsidiary |
​ |
​ |
(58) |
Ìý |
— |
​ |
— |
​ |
(58) |
​ |
Taxes paid in lieu of shares issued for stock-based compensation |
​ |
Ìý |
(106) |
Ìý |
— |
​ |
(48) |
​ |
(154) |
​ |
Settlement of intergroup call spread |
​ |
​ |
(384) |
​ |
— |
​ |
384 |
​ |
— |
​ |
Other financing activities, net |
​ |
​ |
(83) |
​ |
(2) |
​ |
(22) |
​ |
(107) |
​ |
Net cash provided (used) by financing activities |
​ |
Ìý |
(2,232) |
Ìý |
22 |
​ |
512 |
​ |
(1,698) |
​ |
Effect of foreign exchange rates on cash, cash equivalents and restricted cash |
​ |
​ |
— |
Ìý |
— |
​ |
(3) |
​ |
(3) |
​ |
Net increase (decrease) in cash, cash equivalents and restricted cash |
​ |
Ìý |
(402) |
Ìý |
59 |
​ |
390 |
​ |
47 |
​ |
Cash, cash equivalents and restricted cash at beginning of period |
​ |
Ìý |
1,008 |
Ìý |
185 |
​ |
1,684 |
​ |
2,877 |
​ |
Cash, cash equivalents and restricted cash at end of period |
​ |
$ |
606 |
Ìý |
244 |
​ |
2,074 |
​ |
2,924 |
​ |
​
STATEMENT OF CASH FLOWS INFORMATION
December 31, 2020
(unaudited)
​
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
​ |
Attributed (note 1) |
​ |
​ |
​ |
​ |
​ |
Â鶹×îгöÆ· |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
SiriusXM |
​ |
Braves |
​ |
Formula One |
​ |
Consolidated |
​ |
​ |
​ |
Group |
​ |
Group |
​ |
Group |
​ |
Â鶹×îгöÆ· |
​ |
|
​ |
​ |
²¹³¾´Ç³Ü²Ô³Ù²õÌý¾±²ÔÌý³¾¾±±ô±ô¾±´Ç²Ô²õ |
​ |
Cash flows from operating activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Net earnings (loss) |
​ |
$ |
(719) |
Ìý |
(78) |
​ |
(594) |
​ |
(1,391) |
​ |
Adjustments to reconcile net earnings to net cash provided by operating activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Depreciation and amortization |
​ |
Ìý |
573 |
Ìý |
69 |
​ |
441 |
​ |
1,083 |
​ |
Stock-based compensation |
​ |
Ìý |
234 |
Ìý |
6 |
​ |
21 |
​ |
261 |
​ |
Non-cash impairment and restructuring costs |
​ |
​ |
1,000 |
​ |
— |
​ |
— |
​ |
1,000 |
​ |
Share of (earnings) loss of affiliates, net |
​ |
Ìý |
484 |
Ìý |
(6) |
​ |
108 |
​ |
586 |
​ |
Unrealized (gains) losses on intergroup interests, net |
​ |
​ |
(125) |
​ |
(42) |
​ |
167 |
​ |
— |
​ |
Realized and unrealized (gains) losses on financial instruments, net |
​ |
Ìý |
521 |
Ìý |
10 |
​ |
(129) |
​ |
402 |
​ |
Noncash interest expense |
​ |
​ |
12 |
​ |
1 |
​ |
4 |
​ |
17 |
​ |
Losses (gains) on dilution of investment in affiliate |
​ |
​ |
(4) |
​ |
— |
​ |
— |
​ |
(4) |
​ |
Loss on early extinguishment of debt |
​ |
​ |
40 |
​ |
— |
​ |
— |
​ |
40 |
​ |
Deferred income tax expense (benefit) |
​ |
Ìý |
40 |
Ìý |
(10) |
​ |
(125) |
​ |
(95) |
​ |
Intergroup tax allocation |
​ |
​ |
5 |
​ |
(28) |
​ |
23 |
​ |
— |
​ |
Intergroup tax (payments) receipts |
​ |
​ |
8 |
​ |
2 |
​ |
(10) |
​ |
— |
​ |
Other charges (credits), net |
​ |
Ìý |
2 |
Ìý |
9 |
​ |
— |
​ |
11 |
​ |
Changes in operating assets and liabilities |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Current and other assets |
​ |
Ìý |
32 |
Ìý |
(29) |
​ |
(37) |
​ |
(34) |
​ |
Payables and other liabilities |
​ |
Ìý |
(179) |
Ìý |
41 |
​ |
(8) |
​ |
(146) |
​ |
Net cash provided (used) by operating activities |
​ |
Ìý |
1,924 |
Ìý |
(55) |
​ |
(139) |
​ |
1,730 |
​ |
Cash flows from investing activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Cash proceeds from dispositions of investments |
​ |
Ìý |
— |
​ |
— |
​ |
13 |
​ |
13 |
​ |
Cash (paid) received for acquisitions, net of cash acquired |
​ |
​ |
(300) |
​ |
— |
​ |
— |
​ |
(300) |
​ |
Investments in equity method affiliates and debt and equity securities |
​ |
​ |
(96) |
Ìý |
— |
​ |
(17) |
​ |
(113) |
​ |
Return of investment in equity method affiliates |
​ |
​ |
— |
​ |
— |
​ |
105 |
​ |
105 |
​ |
Repayment of loans and other cash receipts from equity method affiliates and debt and equity securities |
​ |
​ |
20 |
​ |
— |
​ |
— |
​ |
20 |
​ |
Capital expended for property and equipment, including internal-use software and website development |
​ |
Ìý |
(350) |
Ìý |
(81) |
​ |
(21) |
​ |
(452) |
​ |
Other investing activities, net |
​ |
Ìý |
(8) |
Ìý |
4 |
​ |
(5) |
​ |
(9) |
​ |
Net cash provided (used) by investing activities |
​ |
Ìý |
(734) |
Ìý |
(77) |
​ |
75 |
​ |
(736) |
​ |
Cash flows from financing activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Borrowings of debt |
​ |
Ìý |
4,149 |
Ìý |
228 |
​ |
521 |
​ |
4,898 |
​ |
Repayments of debt |
​ |
Ìý |
(2,203) |
Ìý |
(114) |
​ |
(614) |
​ |
(2,931) |
​ |
Intergroup loan (repayment) borrowing |
​ |
​ |
(750) |
​ |
— |
​ |
750 |
​ |
— |
​ |
Â鶹×îгöÆ· stock repurchases |
​ |
​ |
(249) |
​ |
— |
​ |
(69) |
​ |
(318) |
​ |
Subsidiary shares repurchased by subsidiary |
​ |
​ |
(1,555) |
Ìý |
— |
​ |
— |
​ |
(1,555) |
​ |
Reattribution between Â鶹×îгöÆ· SiriusXM Group and Â鶹×îгöÆ· Formula One Group |
​ |
​ |
(608) |
​ |
— |
​ |
608 |
​ |
— |
​ |
Proceeds from Â鶹×îгöÆ· SiriusXM common stock rights offering |
​ |
​ |
754 |
​ |
— |
​ |
— |
​ |
754 |
​ |
Cash dividends paid by subsidiary |
​ |
​ |
(64) |
​ |
— |
​ |
— |
​ |
(64) |
​ |
Taxes paid in lieu of shares issued for stock-based compensation |
​ |
Ìý |
(116) |
Ìý |
(1) |
​ |
(3) |
​ |
(120) |
​ |
Other financing activities, net |
​ |
​ |
(47) |
​ |
(8) |
​ |
(35) |
​ |
(90) |
​ |
Net cash provided (used) by financing activities |
​ |
Ìý |
(689) |
Ìý |
105 |
​ |
1,158 |
​ |
574 |
​ |
Effect of foreign exchange rates on cash, cash equivalents and restricted cash |
​ |
​ |
— |
​ |
— |
​ |
3 |
​ |
3 |
​ |
Net increase (decrease) in cash, cash equivalents and restricted cash |
​ |
Ìý |
501 |
Ìý |
(27) |
​ |
1,097 |
​ |
1,571 |
​ |
Cash, cash equivalents and restricted cash at beginning of period |
​ |
Ìý |
507 |
Ìý |
212 |
​ |
587 |
​ |
1,306 |
​ |
Cash, cash equivalents and restricted cash at end of period |
​ |
$ |
1,008 |
Ìý |
185 |
​ |
1,684 |
​ |
2,877 |
​ |
​
STATEMENT OF CASH FLOWS INFORMATION
December 31, 2019
(unaudited)
​
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
​ |
Attributed (note 1) |
​ |
​ |
​ |
​ |
​ |
Â鶹×îгöÆ· |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
SiriusXM |
​ |
Braves |
​ |
Formula One |
​ |
Consolidated |
​ |
​ |
​ |
Group |
​ |
Group |
​ |
Group |
​ |
Â鶹×îгöÆ· |
​ |
|
​ |
​ |
²¹³¾´Ç³Ü²Ô³Ù²õÌý¾±²ÔÌý³¾¾±±ô±ô¾±´Ç²Ô²õ |
​ |
Cash flows from operating activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Net earnings (loss) |
​ |
$ |
735 |
Ìý |
(77) |
​ |
(311) |
​ |
347 |
​ |
Adjustments to reconcile net earnings to net cash provided by operating activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Depreciation and amortization |
​ |
Ìý |
537 |
Ìý |
71 |
​ |
453 |
​ |
1,061 |
​ |
Stock-based compensation |
​ |
Ìý |
267 |
Ìý |
17 |
​ |
28 |
​ |
312 |
​ |
Share of (earnings) loss of affiliates, net |
​ |
Ìý |
24 |
Ìý |
(18) |
​ |
(12) |
​ |
(6) |
​ |
Unrealized (gains) losses on intergroup interests, net |
​ |
​ |
— |
​ |
42 |
​ |
(42) |
​ |
— |
​ |
Realized and unrealized (gains) losses on financial instruments, net |
​ |
Ìý |
41 |
Ìý |
4 |
​ |
270 |
​ |
315 |
​ |
Noncash interest expense |
​ |
​ |
7 |
​ |
1 |
​ |
1 |
​ |
9 |
​ |
Losses (gains) on dilution of investment in affiliate |
​ |
​ |
— |
​ |
— |
​ |
(7) |
​ |
(7) |
​ |
Loss on early extinguishment of debt |
​ |
​ |
57 |
​ |
— |
​ |
— |
​ |
57 |
​ |
Deferred income tax expense (benefit) |
​ |
Ìý |
268 |
Ìý |
(7) |
​ |
(141) |
​ |
120 |
​ |
Intergroup tax allocation |
​ |
​ |
(21) |
​ |
(8) |
​ |
29 |
​ |
— |
​ |
Intergroup tax (payments) receipts |
​ |
​ |
(3) |
​ |
21 |
​ |
(18) |
​ |
— |
​ |
Other charges (credits), net |
​ |
Ìý |
4 |
Ìý |
18 |
​ |
(14) |
​ |
8 |
​ |
Changes in operating assets and liabilities |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Current and other assets |
​ |
Ìý |
(11) |
Ìý |
(12) |
​ |
20 |
​ |
(3) |
​ |
Payables and other liabilities |
​ |
Ìý |
39 |
Ìý |
23 |
​ |
38 |
​ |
100 |
​ |
Net cash provided (used) by operating activities |
​ |
Ìý |
1,944 |
Ìý |
75 |
​ |
294 |
​ |
2,313 |
​ |
Cash flows from investing activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Cash proceeds from dispositions of investments |
​ |
Ìý |
373 |
Ìý |
— |
​ |
69 |
​ |
442 |
​ |
Cash (paid) received for acquisitions, net of cash acquired |
​ |
​ |
313 |
​ |
— |
​ |
— |
​ |
313 |
​ |
Investments in equity method affiliates and debt and equity securities |
​ |
​ |
(19) |
​ |
(4) |
​ |
(6) |
​ |
(29) |
​ |
Return of investment in equity method affiliates |
​ |
​ |
— |
​ |
— |
​ |
23 |
​ |
23 |
​ |
Repayment of loans and other cash receipts from equity method affiliates and debt and equity securities |
​ |
​ |
11 |
​ |
— |
​ |
— |
​ |
11 |
​ |
Capital expended for property and equipment, including internal-use software and website development |
​ |
Ìý |
(363) |
Ìý |
(103) |
​ |
(44) |
​ |
(510) |
​ |
Other investing activities, net |
​ |
Ìý |
69 |
Ìý |
— |
​ |
(5) |
​ |
64 |
​ |
Net cash provided (used) by investing activities |
​ |
Ìý |
384 |
Ìý |
(107) |
​ |
37 |
​ |
314 |
​ |
Cash flows from financing activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Borrowings of debt |
​ |
Ìý |
5,795 |
Ìý |
96 |
​ |
129 |
​ |
6,020 |
​ |
Repayments of debt |
​ |
Ìý |
(4,833) |
Ìý |
(31) |
​ |
(7) |
​ |
(4,871) |
​ |
Â鶹×îгöÆ· stock repurchases |
​ |
​ |
(419) |
​ |
— |
​ |
(24) |
​ |
(443) |
​ |
Subsidiary shares repurchased by subsidiary |
​ |
Ìý |
(2,159) |
Ìý |
— |
​ |
— |
​ |
(2,159) |
​ |
Cash dividends paid by subsidiary |
​ |
​ |
(68) |
​ |
— |
​ |
— |
​ |
(68) |
​ |
Taxes paid in lieu of shares issued for stock-based compensation |
​ |
Ìý |
(201) |
Ìý |
(4) |
​ |
(6) |
​ |
(211) |
​ |
Other financing activities, net |
​ |
​ |
(38) |
​ |
(7) |
​ |
4 |
​ |
(41) |
​ |
Net cash provided (used) by financing activities |
​ |
Ìý |
(1,923) |
Ìý |
54 |
​ |
96 |
​ |
(1,773) |
​ |
Net increase (decrease) in cash, cash equivalents and restricted cash |
​ |
Ìý |
405 |
Ìý |
22 |
​ |
427 |
​ |
854 |
​ |
Cash, cash equivalents and restricted cash at beginning of period |
​ |
Ìý |
102 |
Ìý |
190 |
​ |
160 |
​ |
452 |
​ |
Cash, cash equivalents and restricted cash at end of period |
​ |
$ |
507 |
Ìý |
212 |
​ |
587 |
​ |
1,306 |
​ |
|