Financial Information for Tracking Stock Groups (Tables)
|
3 Months Ended |
Mar. 31, 2024 |
|---|
| Financial Information for Tracking Stock Groups |
Ìý
|
| Condensed Balance Sheets |
BALANCE SHEET INFORMATION
March 31, 2024
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
​ |
Attributed (note 1) |
​ |
​ |
​ |
​ |
​ |
Â鶹×îгöÆ· |
​ |
​ |
​ |
Â鶹×îгöÆ· |
​ |
​ |
​ |
​ |
​ |
SiriusXM |
​ |
Formula One |
​ |
Live |
​ |
Consolidated |
​ |
​ |
ÌýÌýÌýÌý |
Group |
​ |
Group |
​ |
Group |
​ |
Â鶹×îгöÆ· |
ÌýÌýÌýÌý |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Assets |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Current assets: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Cash and cash equivalents |
​ |
$ |
135 |
​ |
1,233 |
​ |
298 |
​ |
1,666 |
Ìý |
Trade and other receivables, net |
​ |
Ìý |
614 |
​ |
175 |
​ |
— |
​ |
789 |
Ìý |
Other current assets |
​ |
Ìý |
402 |
​ |
338 |
​ |
— |
​ |
740 |
Ìý |
Total current assets |
​ |
Ìý |
1,151 |
​ |
1,746 |
​ |
298 |
​ |
3,195 |
Ìý |
Investments in affiliates, accounted for using the equity method (noteÌý1) |
​ |
Ìý |
1,642 |
​ |
38 |
​ |
316 |
​ |
1,996 |
Ìý |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Property and equipment, at cost |
​ |
Ìý |
3,200 |
​ |
983 |
​ |
— |
​ |
4,183 |
Ìý |
Accumulated depreciation |
​ |
Ìý |
(1,905) |
​ |
(149) |
​ |
— |
​ |
(2,054) |
Ìý |
​ |
​ |
Ìý |
1,295 |
​ |
834 |
​ |
— |
​ |
2,129 |
Ìý |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Intangible assets not subject to amortization |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Goodwill |
​ |
Ìý |
15,209 |
​ |
4,190 |
​ |
— |
​ |
19,399 |
Ìý |
FCC licenses |
​ |
Ìý |
8,600 |
​ |
— |
​ |
— |
​ |
8,600 |
Ìý |
Other |
​ |
Ìý |
1,242 |
​ |
— |
​ |
— |
​ |
1,242 |
Ìý |
​ |
​ |
Ìý |
25,051 |
​ |
4,190 |
​ |
— |
​ |
29,241 |
Ìý |
Intangible assets subject to amortization, net |
​ |
Ìý |
991 |
​ |
2,898 |
​ |
— |
​ |
3,889 |
Ìý |
Other assets |
​ |
Ìý |
681 |
​ |
899 |
​ |
375 |
​ |
1,955 |
Ìý |
Total assets |
​ |
$ |
30,811 |
​ |
10,605 |
​ |
989 |
​ |
42,405 |
Ìý |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Liabilities and Equity |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Current liabilities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Intergroup payable (receivable) (note 3) |
​ |
$ |
87 |
​ |
(82) |
​ |
(5) |
​ |
— |
​ |
Accounts payable and accrued liabilities |
​ |
​ |
1,225 |
Ìý |
396 |
​ |
— |
​ |
1,621 |
​ |
Current portion of debt |
​ |
​ |
1,075 |
​ |
36 |
​ |
74 |
​ |
1,185 |
​ |
Deferred revenue |
​ |
Ìý |
1,162 |
Ìý |
664 |
​ |
— |
​ |
1,826 |
​ |
Other current liabilities |
​ |
Ìý |
168 |
Ìý |
47 |
​ |
19 |
​ |
234 |
​ |
Total current liabilities |
​ |
Ìý |
3,717 |
Ìý |
1,061 |
​ |
88 |
​ |
4,866 |
​ |
Long-term debt (note 1) |
​ |
Ìý |
10,047 |
Ìý |
2,866 |
​ |
1,344 |
​ |
14,257 |
​ |
Deferred income tax liabilities |
​ |
Ìý |
2,379 |
Ìý |
8 |
​ |
(185) |
​ |
2,202 |
​ |
Other liabilities |
​ |
Ìý |
1,254 |
Ìý |
180 |
​ |
1 |
​ |
1,435 |
​ |
Total liabilities |
​ |
Ìý |
17,397 |
Ìý |
4,115 |
​ |
1,248 |
​ |
22,760 |
​ |
Equity / Attributed net assets |
​ |
Ìý |
10,343 |
Ìý |
6,490 |
​ |
(282) |
​ |
16,551 |
​ |
Noncontrolling interests in equity of subsidiaries |
​ |
Ìý |
3,071 |
Ìý |
— |
​ |
23 |
​ |
3,094 |
​ |
Total liabilities and equity |
​ |
$ |
30,811 |
Ìý |
10,605 |
​ |
989 |
​ |
42,405 |
​ |
|
| Condensed Statement of Operations |
STATEMENT OF OPERATIONS INFORMATION
Three months ended March 31, 2024
(unaudited)
​
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
​ |
Attributed (note 1) |
​ |
​ |
​ |
​ |
​ |
Â鶹×îгöÆ· |
​ |
​ |
​ |
Â鶹×îгöÆ· |
​ |
​ |
​ |
​ |
​ |
SiriusXM |
​ |
Formula One |
​ |
Live |
​ |
Consolidated |
​ |
​ |
​ |
Group |
​ |
Group |
​ |
Group |
​ |
Â鶹×îгöÆ· |
​ |
|
​ |
​ |
amounts in millions |
​ |
Revenue: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Holdings revenue |
​ |
$ |
2,162 |
Ìý |
— |
​ |
— |
​ |
2,162 |
​ |
Formula 1 revenue |
​ |
​ |
— |
​ |
550 |
​ |
— |
​ |
550 |
​ |
Other revenue |
​ |
Ìý |
— |
Ìý |
37 |
​ |
— |
​ |
37 |
​ |
Total revenue |
​ |
Ìý |
2,162 |
Ìý |
587 |
​ |
— |
​ |
2,749 |
​ |
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 |
703 |
Ìý |
— |
​ |
— |
​ |
703 |
​ |
Programming and content |
​ |
Ìý |
157 |
Ìý |
— |
​ |
— |
​ |
157 |
​ |
Customer service and billing |
​ |
Ìý |
116 |
Ìý |
— |
​ |
— |
​ |
116 |
​ |
Other |
​ |
Ìý |
61 |
Ìý |
— |
​ |
— |
​ |
61 |
​ |
Cost of Formula 1 revenue (exclusive of depreciation shown separately below) |
​ |
​ |
— |
​ |
279 |
​ |
— |
​ |
279 |
​ |
Other cost of sales |
​ |
​ |
— |
​ |
26 |
​ |
— |
​ |
26 |
​ |
Subscriber acquisition costs |
​ |
Ìý |
90 |
Ìý |
— |
​ |
— |
​ |
90 |
​ |
Other operating expenses |
​ |
Ìý |
86 |
Ìý |
1 |
​ |
— |
​ |
87 |
​ |
Selling, general and administrative |
​ |
Ìý |
372 |
Ìý |
91 |
​ |
2 |
​ |
465 |
​ |
Impairment, restructuring and acquisition costs |
​ |
​ |
13 |
Ìý |
9 |
​ |
— |
​ |
22 |
​ |
Depreciation and amortization |
​ |
Ìý |
155 |
Ìý |
86 |
​ |
— |
​ |
241 |
​ |
​ |
​ |
Ìý |
1,753 |
Ìý |
492 |
​ |
2 |
​ |
2,247 |
​ |
Operating income (loss) |
​ |
Ìý |
409 |
Ìý |
95 |
​ |
(2) |
​ |
502 |
​ |
Other income (expense): |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Interest expense |
​ |
Ìý |
(129) |
Ìý |
(55) |
​ |
(7) |
​ |
(191) |
​ |
Share of earnings (losses) of affiliates, net |
​ |
Ìý |
5 |
Ìý |
(3) |
​ |
(21) |
​ |
(19) |
​ |
Realized and unrealized gains (losses) on financial instruments, net |
​ |
Ìý |
18 |
Ìý |
48 |
​ |
(69) |
​ |
(3) |
​ |
Other, net |
​ |
Ìý |
6 |
Ìý |
15 |
​ |
6 |
​ |
27 |
​ |
​ |
​ |
Ìý |
(100) |
Ìý |
5 |
​ |
(91) |
​ |
(186) |
​ |
Earnings (loss) before income taxes |
​ |
Ìý |
309 |
Ìý |
100 |
​ |
(93) |
​ |
316 |
​ |
Income tax (expense) benefit |
​ |
Ìý |
(68) |
Ìý |
(23) |
​ |
20 |
​ |
(71) |
​ |
Net earnings (loss) |
​ |
Ìý |
241 |
Ìý |
77 |
​ |
(73) |
​ |
245 |
​ |
Less net earnings (loss) attributable to the noncontrolling interests |
​ |
Ìý |
42 |
Ìý |
— |
​ |
— |
​ |
42 |
​ |
Net earnings (loss) attributable to Â鶹×îгöÆ· stockholders |
​ |
$ |
199 |
Ìý |
77 |
​ |
(73) |
​ |
203 |
​ |
​
STATEMENT OF OPERATIONS INFORMATION
Three months ended March 31, 2023
(unaudited)
​
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
​ |
Attributed (note 1) |
​ |
​ |
​ |
​ |
​ |
Â鶹×îгöÆ· |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
SiriusXM |
​ |
Formula One |
​ |
Braves |
​ |
Consolidated |
​ |
​ |
​ |
Group |
​ |
Group |
​ |
Group |
​ |
Â鶹×îгöÆ· |
​ |
|
​ |
​ |
amounts in millions |
​ |
Revenue: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Sirius XM Holdings revenue |
​ |
$ |
2,144 |
Ìý |
— |
​ |
— |
​ |
2,144 |
​ |
Formula 1 revenue |
​ |
​ |
— |
​ |
381 |
​ |
— |
​ |
381 |
​ |
Other revenue |
​ |
Ìý |
— |
Ìý |
— |
​ |
31 |
​ |
31 |
​ |
Total revenue |
​ |
Ìý |
2,144 |
Ìý |
381 |
​ |
31 |
​ |
2,556 |
​ |
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 |
700 |
Ìý |
— |
​ |
— |
​ |
700 |
​ |
Programming and content |
​ |
Ìý |
150 |
Ìý |
— |
​ |
— |
​ |
150 |
​ |
Customer service and billing |
​ |
Ìý |
122 |
Ìý |
— |
​ |
— |
​ |
122 |
​ |
Other |
​ |
Ìý |
52 |
Ìý |
— |
​ |
— |
​ |
52 |
​ |
Cost of Formula 1 revenue (exclusive of depreciation shown separately below) |
​ |
​ |
— |
​ |
206 |
​ |
— |
​ |
206 |
​ |
Subscriber acquisition costs |
​ |
Ìý |
90 |
Ìý |
— |
​ |
— |
​ |
90 |
​ |
Other operating expenses |
​ |
Ìý |
79 |
Ìý |
— |
​ |
39 |
​ |
118 |
​ |
Selling, general and administrative |
​ |
Ìý |
385 |
Ìý |
75 |
​ |
26 |
​ |
486 |
​ |
Impairment, restructuring and acquisition costs |
​ |
​ |
32 |
​ |
— |
​ |
— |
​ |
32 |
​ |
Depreciation and amortization |
​ |
Ìý |
161 |
Ìý |
84 |
​ |
15 |
​ |
260 |
​ |
​ |
​ |
Ìý |
1,771 |
Ìý |
365 |
​ |
80 |
​ |
2,216 |
​ |
Operating income (loss) |
​ |
Ìý |
373 |
Ìý |
16 |
​ |
(49) |
​ |
340 |
​ |
Other income (expense): |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Interest expense |
​ |
Ìý |
(136) |
Ìý |
(51) |
​ |
(9) |
​ |
(196) |
​ |
Share of earnings (losses) of affiliates, net |
​ |
Ìý |
(7) |
Ìý |
(2) |
​ |
(1) |
​ |
(10) |
​ |
Realized and unrealized gains (losses) on financial instruments, net |
​ |
Ìý |
2 |
Ìý |
(47) |
​ |
(1) |
​ |
(46) |
​ |
Unrealized gains (losses) on intergroup interests (note 1) |
​ |
​ |
54 |
​ |
(41) |
​ |
(13) |
​ |
— |
​ |
Other, net |
​ |
Ìý |
3 |
Ìý |
10 |
​ |
1 |
​ |
14 |
​ |
​ |
​ |
Ìý |
(84) |
Ìý |
(131) |
​ |
(23) |
​ |
(238) |
​ |
Earnings (loss) before income taxes |
​ |
Ìý |
289 |
Ìý |
(115) |
​ |
(72) |
​ |
102 |
​ |
Income tax (expense) benefit |
​ |
Ìý |
(69) |
Ìý |
6 |
​ |
13 |
​ |
(50) |
​ |
Net earnings (loss) |
​ |
Ìý |
220 |
Ìý |
(109) |
​ |
(59) |
​ |
52 |
​ |
Less net earnings (loss) attributable to the noncontrolling interests |
​ |
Ìý |
37 |
Ìý |
— |
​ |
— |
​ |
37 |
​ |
Net earnings (loss) attributable to Â鶹×îгöÆ· stockholders |
​ |
$ |
183 |
Ìý |
(109) |
​ |
(59) |
​ |
15 |
​ |
​
|
| Condensed Statement of Cash Flows |
STATEMENT OF CASH FLOWS INFORMATION
Three months ended March 31, 2024
(unaudited)
​
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
​ |
Attributed (note 1) |
​ |
​ |
​ |
​ |
​ |
Â鶹×îгöÆ· |
​ |
​ |
​ |
Â鶹×îгöÆ· |
​ |
​ |
​ |
​ |
​ |
SiriusXM |
​ |
Formula One |
​ |
Live |
​ |
Consolidated |
​ |
​ |
​ |
Group |
​ |
Group |
​ |
Group |
​ |
Â鶹×îгöÆ· |
​ |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Cash flows from operating activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Net earnings (loss) |
​ |
$ |
241 |
Ìý |
77 |
​ |
(73) |
​ |
245 |
​ |
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Depreciation and amortization |
​ |
Ìý |
155 |
Ìý |
86 |
​ |
— |
​ |
241 |
​ |
Stock-based compensation |
​ |
Ìý |
48 |
Ìý |
12 |
​ |
1 |
​ |
61 |
​ |
Non-cash impairment and restructuring costs |
​ |
​ |
1 |
Ìý |
— |
​ |
— |
​ |
1 |
​ |
Share of (earnings) loss of affiliates, net |
​ |
Ìý |
(5) |
Ìý |
3 |
​ |
21 |
​ |
19 |
​ |
Realized and unrealized (gains) losses on financial instruments, net |
​ |
Ìý |
(18) |
Ìý |
(48) |
​ |
69 |
​ |
3 |
​ |
Deferred income tax expense (benefit) |
​ |
Ìý |
(12) |
Ìý |
9 |
​ |
(18) |
​ |
(21) |
​ |
Intergroup tax allocation |
​ |
​ |
29 |
Ìý |
(27) |
​ |
(2) |
​ |
— |
​ |
Other charges (credits), net |
​ |
Ìý |
24 |
Ìý |
2 |
​ |
— |
​ |
26 |
​ |
Changes in operating assets and liabilities |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Current and other assets |
​ |
Ìý |
66 |
Ìý |
(90) |
​ |
(3) |
​ |
(27) |
​ |
Payables and other liabilities |
​ |
Ìý |
(265) |
Ìý |
116 |
​ |
(4) |
​ |
(153) |
​ |
Net cash provided (used) by operating activities |
​ |
Ìý |
264 |
Ìý |
140 |
​ |
(9) |
​ |
395 |
​ |
Cash flows from investing activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Investments in equity method affiliates and debt and equity securities |
​ |
Ìý |
(179) |
Ìý |
(1) |
​ |
— |
​ |
(180) |
​ |
Cash (paid) received for acquisitions, net of cash acquired |
​ |
​ |
— |
Ìý |
(205) |
​ |
— |
​ |
(205) |
​ |
Capital expended for property and equipment, including internal-use software and website development |
​ |
Ìý |
(174) |
Ìý |
(27) |
​ |
— |
​ |
(201) |
​ |
Other investing activities, net |
​ |
Ìý |
(1) |
Ìý |
(63) |
​ |
— |
​ |
(64) |
​ |
Net cash provided (used) by investing activities |
​ |
Ìý |
(354) |
Ìý |
(296) |
​ |
— |
​ |
(650) |
​ |
Cash flows from financing activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Borrowings of debt |
​ |
Ìý |
230 |
Ìý |
— |
​ |
— |
​ |
230 |
​ |
Repayments of debt |
​ |
Ìý |
(267) |
Ìý |
(10) |
​ |
— |
​ |
(277) |
​ |
Cash dividends paid by subsidiary |
​ |
​ |
(17) |
​ |
— |
​ |
— |
​ |
(17) |
​ |
Taxes paid in lieu of shares issued for stock-based compensation |
​ |
Ìý |
(17) |
Ìý |
(7) |
​ |
— |
​ |
(24) |
​ |
Other financing activities, net |
​ |
​ |
(2) |
​ |
6 |
​ |
2 |
​ |
6 |
​ |
Net cash provided (used) by financing activities |
​ |
Ìý |
(73) |
Ìý |
(11) |
​ |
2 |
​ |
(82) |
​ |
Net increase (decrease) in cash, cash equivalents and restricted cash |
​ |
Ìý |
(163) |
Ìý |
(167) |
​ |
(7) |
​ |
(337) |
​ |
Cash, cash equivalents and restricted cash at beginning of period |
​ |
Ìý |
315 |
Ìý |
1,408 |
​ |
305 |
​ |
2,028 |
​ |
Cash, cash equivalents and restricted cash at end of period |
​ |
$ |
152 |
Ìý |
1,241 |
​ |
298 |
​ |
1,691 |
​ |
​
STATEMENT OF CASH FLOWS INFORMATION
Three months ended March 31, 2023
(unaudited)
​
|
|
|
|
|
|
|
|
|
|
|
​ |
​ |
​ |
Attributed (note 1) |
​ |
​ |
​ |
​ |
​ |
Â鶹×îгöÆ· |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
SiriusXM |
​ |
Formula One |
​ |
Braves |
​ |
Consolidated |
​ |
​ |
​ |
Group |
​ |
Group |
​ |
Group |
​ |
Â鶹×îгöÆ· |
​ |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Cash flows from operating activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Net earnings (loss) |
​ |
$ |
220 |
Ìý |
(109) |
​ |
(59) |
​ |
52 |
​ |
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Depreciation and amortization |
​ |
Ìý |
161 |
Ìý |
84 |
​ |
15 |
​ |
260 |
​ |
Stock-based compensation |
​ |
Ìý |
48 |
Ìý |
5 |
​ |
3 |
​ |
56 |
​ |
Non-cash impairment and restructuring costs |
​ |
​ |
8 |
​ |
— |
​ |
— |
​ |
8 |
​ |
Share of (earnings) loss of affiliates, net |
​ |
Ìý |
7 |
Ìý |
2 |
​ |
1 |
​ |
10 |
​ |
Unrealized (gains) losses on intergroup interests, net |
​ |
​ |
(54) |
​ |
41 |
​ |
13 |
​ |
— |
​ |
Realized and unrealized (gains) losses on financial instruments, net |
​ |
Ìý |
(2) |
Ìý |
47 |
​ |
1 |
​ |
46 |
​ |
Deferred income tax expense (benefit) |
​ |
Ìý |
7 |
Ìý |
(5) |
​ |
(8) |
​ |
(6) |
​ |
Intergroup tax allocation |
​ |
​ |
31 |
​ |
(26) |
​ |
(5) |
​ |
— |
​ |
Other charges (credits), net |
​ |
Ìý |
4 |
Ìý |
(3) |
​ |
1 |
​ |
2 |
​ |
Changes in operating assets and liabilities |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Current and other assets |
​ |
Ìý |
46 |
Ìý |
(8) |
​ |
27 |
​ |
65 |
​ |
Payables and other liabilities |
​ |
Ìý |
(157) |
Ìý |
229 |
​ |
96 |
​ |
168 |
​ |
Net cash provided (used) by operating activities |
​ |
Ìý |
319 |
Ìý |
257 |
​ |
85 |
​ |
661 |
​ |
Cash flows from investing activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Investments in equity method affiliates and debt and equity securities |
​ |
Ìý |
(39) |
Ìý |
(130) |
​ |
— |
​ |
(169) |
​ |
Cash proceeds from dispositions |
​ |
​ |
— |
​ |
34 |
​ |
— |
​ |
34 |
​ |
Capital expended for property and equipment, including internal-use software and website development |
​ |
Ìý |
(205) |
Ìý |
(62) |
​ |
(14) |
​ |
(281) |
​ |
Other investing activities, net |
​ |
Ìý |
2 |
Ìý |
(1) |
​ |
— |
​ |
1 |
​ |
Net cash provided (used) by investing activities |
​ |
Ìý |
(242) |
Ìý |
(159) |
​ |
(14) |
​ |
(415) |
​ |
Cash flows from financing activities: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Borrowings of debt |
​ |
Ìý |
1,479 |
Ìý |
— |
​ |
— |
​ |
1,479 |
​ |
Repayments of debt |
​ |
Ìý |
(1,633) |
Ìý |
(53) |
​ |
(4) |
​ |
(1,690) |
​ |
Settlement of intergroup interests |
​ |
​ |
202 |
​ |
(202) |
​ |
— |
​ |
— |
​ |
Subsidiary shares repurchased by subsidiary |
​ |
Ìý |
(62) |
Ìý |
— |
​ |
— |
​ |
(62) |
​ |
Cash dividends paid by subsidiary |
​ |
​ |
(17) |
​ |
— |
​ |
— |
​ |
(17) |
​ |
Taxes paid in lieu of shares issued for stock-based compensation |
​ |
Ìý |
(15) |
Ìý |
(8) |
​ |
(1) |
​ |
(24) |
​ |
Other financing activities, net |
​ |
​ |
37 |
​ |
14 |
​ |
6 |
​ |
57 |
​ |
Net cash provided (used) by financing activities |
​ |
Ìý |
(9) |
Ìý |
(249) |
​ |
1 |
​ |
(257) |
​ |
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash |
​ |
​ |
— |
​ |
2 |
​ |
— |
​ |
2 |
​ |
Net increase (decrease) in cash, cash equivalents and restricted cash |
​ |
Ìý |
68 |
Ìý |
(149) |
​ |
72 |
​ |
(9) |
​ |
Cash, cash equivalents and restricted cash at beginning of period |
​ |
Ìý |
370 |
Ìý |
1,733 |
​ |
173 |
​ |
2,276 |
​ |
Cash, cash equivalents and restricted cash at end of period |
​ |
$ |
438 |
Ìý |
1,584 |
​ |
245 |
​ |
2,267 |
​ |
​
|