| Financial Information for Trakcing Stock Groups |
Ìý
BALANCE SHEET INFORMATION
March 31, 2016
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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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Â鶹×îгöÆ·
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Ìý
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Â鶹×îгöÆ·
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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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SiriusXM
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Ìý
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Braves
|
Ìý
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Media
|
Ìý
|
Inter-Group
|
Ìý
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Consolidated
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Ìý
|
|
Ìý
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ÌýÌýÌýÌý
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Group
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Ìý
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Group
|
Ìý
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Group
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Ìý
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Eliminations
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Ìý
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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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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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|
Cash and cash equivalents
|
Ìý
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$
|
102
|
Ìý
|
44
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Ìý
|
456
|
Ìý
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Ìý—
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Ìý
|
602
|
Ìý
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|
Trade and other receivables, net
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Ìý
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Ìý
|
228
|
Ìý
|
12
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Ìý
|
4
|
Ìý
|
Ìý—
|
Ìý
|
244
|
Ìý
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|
Short term marketable securities
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
61
|
Ìý
|
Ìý—
|
Ìý
|
61
|
Ìý
|
|
Other current assets
|
Ìý
|
Ìý
|
232
|
Ìý
|
20
|
Ìý
|
7
|
Ìý
|
(2)
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Ìý
|
257
|
Ìý
|
|
Total current assets
|
Ìý
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Ìý
|
562
|
Ìý
|
76
|
Ìý
|
528
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Ìý
|
(2)
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Ìý
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1,164
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Ìý
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|
Investments in available-for-sale securities and other cost investments (noteÌý2)
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Ìý
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Ìý
|
Ìý—
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Ìý
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8
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Ìý
|
552
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Ìý
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Ìý—
|
Ìý
|
560
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Ìý
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Investments in affiliates, accounted for using the equity method (noteÌý3)
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Ìý
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Ìý
|
168
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Ìý
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52
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Ìý
|
900
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Ìý
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Ìý—
|
Ìý
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1,120
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Property and equipment, at cost
|
Ìý
|
Ìý
|
2,003
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Ìý
|
504
|
Ìý
|
191
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Ìý
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Ìý—
|
Ìý
|
2,698
|
Ìý
|
|
Accumulated depreciation
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Ìý
|
Ìý
|
(615)
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Ìý
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(45)
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Ìý
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(88)
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Ìý—
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Ìý
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(748)
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Ìý
|
|
Ìý
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Ìý
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Ìý
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1,388
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Ìý
|
459
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Ìý
|
103
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Ìý
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Ìý—
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Ìý
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1,950
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Ìý
|
|
Ìý
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Ìý
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Ìý
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Ìý
|
Ìý
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Ìý
|
Ìý
|
Ìý
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Ìý
|
Ìý
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Ìý
|
Ìý
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Ìý
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|
Intangible assets not subject to amortization
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Goodwill
|
Ìý
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Ìý
|
14,165
|
Ìý
|
180
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
14,345
|
Ìý
|
|
FCC licenses
|
Ìý
|
Ìý
|
8,600
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
8,600
|
Ìý
|
|
Other
|
Ìý
|
Ìý
|
930
|
Ìý
|
143
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
1,073
|
Ìý
|
|
Ìý
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Ìý
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Ìý
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23,695
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Ìý
|
323
|
Ìý
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Ìý—
|
Ìý
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Ìý—
|
Ìý
|
24,018
|
Ìý
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|
Intangible assets subject to amortization, net
|
Ìý
|
Ìý
|
1,013
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Ìý
|
67
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Ìý
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Ìý—
|
Ìý
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Ìý—
|
Ìý
|
1,080
|
Ìý
|
|
Other assets, at cost, net of accumulated amortization
|
Ìý
|
Ìý
|
157
|
Ìý
|
14
|
Ìý
|
263
|
Ìý
|
Ìý—
|
Ìý
|
434
|
Ìý
|
|
Total assets
|
Ìý
|
$
|
26,983
|
Ìý
|
999
|
Ìý
|
2,346
|
Ìý
|
(2)
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Ìý
|
30,326
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Liabilities and Equity
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current liabilities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Intergroup payable (receivable) (note 6)
|
Ìý
|
$
|
115
|
Ìý
|
89
|
Ìý
|
(204)
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
|
Accounts payable and accrued liabilities
|
Ìý
|
Ìý
|
696
|
Ìý
|
46
|
Ìý
|
21
|
Ìý
|
Ìý—
|
Ìý
|
763
|
Ìý
|
|
Current portion of debt (noteÌý4)
|
Ìý
|
Ìý
|
256
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
256
|
Ìý
|
|
Deferred revenue
|
Ìý
|
Ìý
|
1,797
|
Ìý
|
83
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
1,880
|
Ìý
|
|
Other current liabilities
|
Ìý
|
Ìý
|
3
|
Ìý
|
Ìý—
|
Ìý
|
65
|
Ìý
|
(2)
|
Ìý
|
66
|
Ìý
|
|
Total current liabilities
|
Ìý
|
Ìý
|
2,867
|
Ìý
|
218
|
Ìý
|
(118)
|
Ìý
|
(2)
|
Ìý
|
2,965
|
Ìý
|
|
Long-term debt (note 4)
|
Ìý
|
Ìý
|
5,719
|
Ìý
|
108
|
Ìý
|
1,035
|
Ìý
|
Ìý—
|
Ìý
|
6,862
|
Ìý
|
|
Deferred income tax liabilities
|
Ìý
|
Ìý
|
1,724
|
Ìý
|
40
|
Ìý
|
24
|
Ìý
|
Ìý—
|
Ìý
|
1,788
|
Ìý
|
|
Other liabilities
|
Ìý
|
Ìý
|
272
|
Ìý
|
297
|
Ìý
|
57
|
Ìý
|
Ìý—
|
Ìý
|
626
|
Ìý
|
|
Total liabilities
|
Ìý
|
Ìý
|
10,582
|
Ìý
|
663
|
Ìý
|
998
|
Ìý
|
(2)
|
Ìý
|
12,241
|
Ìý
|
|
Equity / Attributed net assets
|
Ìý
|
Ìý
|
9,706
|
Ìý
|
327
|
Ìý
|
1,348
|
Ìý
|
Ìý—
|
Ìý
|
11,381
|
Ìý
|
|
Noncontrolling interests in equity of subsidiaries
|
Ìý
|
Ìý
|
6,695
|
Ìý
|
9
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
6,704
|
Ìý
|
|
Total liabilities and equity
|
Ìý
|
$
|
26,983
|
Ìý
|
999
|
Ìý
|
2,346
|
Ìý
|
(2)
|
Ìý
|
30,326
|
Ìý
|
Ìý
Ìý
Ìý
STATEMENT OF OPERATIONS INFORMATION
Three months ended March 31, 2016
Ìý
|
Ìý
|
Ìý
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Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Attributed (note 1)
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Â鶹×îгöÆ·
|
Ìý
|
Â鶹×îгöÆ·
|
Ìý
|
Â鶹×îгöÆ·
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
SiriusXM
|
Ìý
|
Braves
|
Ìý
|
Media
|
Ìý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Â鶹×îгöÆ·
|
Ìý
|
|
Ìý
|
Ìý
|
amounts in millions
|
Ìý
|
|
Revenue:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Subscriber revenue
|
Ìý
|
$
|
1,009
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
1,009
|
Ìý
|
|
Other revenue
|
Ìý
|
Ìý
|
191
|
Ìý
|
4
|
Ìý
|
Ìý—
|
Ìý
|
195
|
Ìý
|
|
Total revenue
|
Ìý
|
Ìý
|
1,200
|
Ìý
|
4
|
Ìý
|
Ìý—
|
Ìý
|
1,204
|
Ìý
|
|
Operating costs and expenses, including stock-based compensation (note 5):
|
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)
|
Ìý
|
(511)
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
79
|
Ìý
|
5
|
Ìý
|
3
|
Ìý
|
87
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
864
|
Ìý
|
47
|
Ìý
|
(488)
|
Ìý
|
423
|
Ìý
|
|
Operating income (loss)
|
Ìý
|
Ìý
|
336
|
Ìý
|
(43)
|
Ìý
|
488
|
Ìý
|
781
|
Ìý
|
|
Other income (expense):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Interest expense
|
Ìý
|
Ìý
|
(81)
|
Ìý
|
Ìý—
|
Ìý
|
(3)
|
Ìý
|
(84)
|
Ìý
|
|
Share of earnings (losses) 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
|
(8)
|
Ìý
|
(8)
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
1
|
Ìý
|
Ìý—
|
Ìý
|
6
|
Ìý
|
7
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
(73)
|
Ìý
|
2
|
Ìý
|
(26)
|
Ìý
|
(97)
|
Ìý
|
|
Earnings (loss) from continuing operations before income taxes
|
Ìý
|
Ìý
|
263
|
Ìý
|
(41)
|
Ìý
|
462
|
Ìý
|
684
|
Ìý
|
|
Income tax (expense) benefit
|
Ìý
|
Ìý
|
(100)
|
Ìý
|
16
|
Ìý
|
(173)
|
Ìý
|
(257)
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
Ìý
|
163
|
Ìý
|
(25)
|
Ìý
|
289
|
Ìý
|
427
|
Ìý
|
|
Less net earnings (loss) attributable to the noncontrolling interests
|
Ìý
|
Ìý
|
62
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
62
|
Ìý
|
|
Net earnings (loss) attributable to Â鶹×îгöÆ· stockholders
|
Ìý
|
$
|
101
|
Ìý
|
(25)
|
Ìý
|
289
|
Ìý
|
365
|
Ìý
|
Ìý
Ìý
Ìý
Ìý
STATEMENT OF OPERATIONS INFORMATION
Three months endedÌýMarch 31, 2015
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
|
Â鶹×îгöÆ·
|
Ìý
|
Â鶹×îгöÆ·
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
SiriusXM
|
Ìý
|
Braves
|
Ìý
|
Media
|
Ìý
|
Consolidated
|
Ìý
|
|
Ìý
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Group
|
Ìý
|
Â鶹×îгöÆ·
|
Ìý
|
|
Ìý
|
Ìý
|
amounts in millions
|
Ìý
|
|
Revenue:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Subscriber revenue
|
Ìý
|
$
|
907
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
907
|
Ìý
|
|
Other revenue
|
Ìý
|
Ìý
|
169
|
Ìý
|
5
|
Ìý
|
Ìý—
|
Ìý
|
174
|
Ìý
|
|
Total revenue
|
Ìý
|
Ìý
|
1,076
|
Ìý
|
5
|
Ìý
|
Ìý—
|
Ìý
|
1,081
|
Ìý
|
|
Operating costs and expenses, including stock-based compensation (note 5):
|
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
|
213
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
213
|
Ìý
|
|
Programming and content
|
Ìý
|
Ìý
|
62
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
62
|
Ìý
|
|
Customer service and billing
|
Ìý
|
Ìý
|
92
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
92
|
Ìý
|
|
Other
|
Ìý
|
Ìý
|
31
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
31
|
Ìý
|
|
Subscriber acquisition costs
|
Ìý
|
Ìý
|
122
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
122
|
Ìý
|
|
Other operating expenses
|
Ìý
|
Ìý
|
17
|
Ìý
|
13
|
Ìý
|
Ìý—
|
Ìý
|
30
|
Ìý
|
|
Selling, general and administrative
|
Ìý
|
Ìý
|
172
|
Ìý
|
13
|
Ìý
|
17
|
Ìý
|
202
|
Ìý
|
|
Depreciation and amortization
|
Ìý
|
Ìý
|
77
|
Ìý
|
5
|
Ìý
|
2
|
Ìý
|
84
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
786
|
Ìý
|
31
|
Ìý
|
19
|
Ìý
|
836
|
Ìý
|
|
Operating income (loss)
|
Ìý
|
Ìý
|
290
|
Ìý
|
(26)
|
Ìý
|
(19)
|
Ìý
|
245
|
Ìý
|
|
Other income (expense):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Interest expense
|
Ìý
|
Ìý
|
(73)
|
Ìý
|
Ìý—
|
Ìý
|
(4)
|
Ìý
|
(77)
|
Ìý
|
|
Share of earnings (losses) of affiliates, net
|
Ìý
|
Ìý
|
(7)
|
Ìý
|
2
|
Ìý
|
(32)
|
Ìý
|
(37)
|
Ìý
|
|
Realized and unrealized gains (losses) on financial instruments, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(28)
|
Ìý
|
(28)
|
Ìý
|
|
Other, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
2
|
Ìý
|
2
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
(80)
|
Ìý
|
2
|
Ìý
|
(62)
|
Ìý
|
(140)
|
Ìý
|
|
Earnings (loss) from continuing operations before income taxes
|
Ìý
|
Ìý
|
210
|
Ìý
|
(24)
|
Ìý
|
(81)
|
Ìý
|
105
|
Ìý
|
|
Income tax (expense) benefit
|
Ìý
|
Ìý
|
(125)
|
Ìý
|
9
|
Ìý
|
30
|
Ìý
|
(86)
|
Ìý
|
|
Net earnings (loss)
|
Ìý
|
Ìý
|
85
|
Ìý
|
(15)
|
Ìý
|
(51)
|
Ìý
|
19
|
Ìý
|
|
Less net earnings (loss) attributable to the noncontrolling interests
|
Ìý
|
Ìý
|
38
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
38
|
Ìý
|
|
Net earnings (loss) attributable to Â鶹×îгöÆ· stockholders
|
Ìý
|
$
|
47
|
Ìý
|
(15)
|
Ìý
|
(51)
|
Ìý
|
(19)
|
Ìý
|
STATEMENT OF CASH FLOWS INFORMATION
Three months endedÌýMarch 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
|
Â鶹×îгöÆ·
|
Ìý
|
Â鶹×îгöÆ·
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
SiriusXM
|
Ìý
|
Braves
|
Ìý
|
Media
|
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
|
$
|
163
|
Ìý
|
(25)
|
Ìý
|
289
|
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
|
5
|
Ìý
|
3
|
Ìý
|
87
|
Ìý
|
|
Stock-based compensation
|
Ìý
|
Ìý
|
24
|
Ìý
|
2
|
Ìý
|
8
|
Ìý
|
34
|
Ìý
|
|
Excess tax benefit from stock-based compensation
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(73)
|
Ìý
|
(73)
|
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
|
8
|
Ìý
|
8
|
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
|
95
|
Ìý
|
(9)
|
Ìý
|
28
|
Ìý
|
114
|
Ìý
|
|
Intergroup tax allocation
|
Ìý
|
Ìý
|
(1)
|
Ìý
|
(6)
|
Ìý
|
7
|
Ìý
|
Ìý—
|
Ìý
|
|
Other charges (credits), net
|
Ìý
|
Ìý
|
6
|
Ìý
|
1
|
Ìý
|
(4)
|
Ìý
|
3
|
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
|
2
|
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
|
428
|
Ìý
|
814
|
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
|
|
Cash proceeds from sale of investments
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
2
|
Ìý
|
2
|
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
|
1
|
Ìý
|
(3)
|
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
|
5
|
Ìý
|
Ìý—
|
Ìý
|
335
|
Ìý
|
|
Repayments of debt
|
Ìý
|
Ìý
|
(72)
|
Ìý
|
(38)
|
Ìý
|
(1)
|
Ìý
|
(111)
|
Ìý
|
|
Intergroup (payments) receipts
|
Ìý
|
Ìý
|
6
|
Ìý
|
70
|
Ìý
|
(76)
|
Ìý
|
Ìý—
|
Ìý
|
|
Shares repurchased by subsidiary
|
Ìý
|
Ìý
|
(594)
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(594)
|
Ìý
|
|
Excess tax benefit from stock-based compensation
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
73
|
Ìý
|
73
|
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
|
9
|
Ìý
|
4
|
Ìý
|
13
|
Ìý
|
|
Net cash provided (used) by financing activities
|
Ìý
|
Ìý
|
(332)
|
Ìý
|
46
|
Ìý
|
(2)
|
Ìý
|
(288)
|
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
STATEMENT OF CASH FLOWS INFORMATION
Three months endedÌýMarch 31, 2015
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
|
Â鶹×îгöÆ·
|
Ìý
|
Â鶹×îгöÆ·
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
SiriusXM
|
Ìý
|
Braves
|
Ìý
|
Media
|
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
|
$
|
85
|
Ìý
|
(15)
|
Ìý
|
(51)
|
Ìý
|
19
|
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
|
77
|
Ìý
|
5
|
Ìý
|
2
|
Ìý
|
84
|
Ìý
|
|
Stock-based compensation
|
Ìý
|
Ìý
|
37
|
Ìý
|
Ìý—
|
Ìý
|
7
|
Ìý
|
44
|
Ìý
|
|
Excess tax benefit from stock-based compensation
|
Ìý
|
Ìý
|
(2)
|
Ìý
|
Ìý—
|
Ìý
|
(12)
|
Ìý
|
(14)
|
Ìý
|
|
Share of (earnings) loss of affiliates, net
|
Ìý
|
Ìý
|
7
|
Ìý
|
(2)
|
Ìý
|
32
|
Ìý
|
37
|
Ìý
|
|
Realized and unrealized (gains) losses on financial instruments, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
28
|
Ìý
|
28
|
Ìý
|
|
Losses (gains) on dilution of investment in affiliate
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
1
|
Ìý
|
1
|
Ìý
|
|
Deferred income tax expense (benefit)
|
Ìý
|
Ìý
|
120
|
Ìý
|
(3)
|
Ìý
|
(47)
|
Ìý
|
70
|
Ìý
|
|
Intergroup tax allocation
|
Ìý
|
Ìý
|
(1)
|
Ìý
|
(5)
|
Ìý
|
6
|
Ìý
|
Ìý—
|
Ìý
|
|
Intergroup tax (payments) receipts
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
1
|
Ìý
|
(1)
|
Ìý
|
Ìý—
|
Ìý
|
|
Other charges (credits), net
|
Ìý
|
Ìý
|
5
|
Ìý
|
1
|
Ìý
|
Ìý—
|
Ìý
|
6
|
Ìý
|
|
Changes in operating assets and liabilities
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Current and other assets
|
Ìý
|
Ìý
|
(22)
|
Ìý
|
(1)
|
Ìý
|
1
|
Ìý
|
(22)
|
Ìý
|
|
Payables and other liabilities
|
Ìý
|
Ìý
|
(4)
|
Ìý
|
44
|
Ìý
|
22
|
Ìý
|
62
|
Ìý
|
|
Net cash provided (used) by operating activities
|
Ìý
|
Ìý
|
302
|
Ìý
|
25
|
Ìý
|
(12)
|
Ìý
|
315
|
Ìý
|
|
Cash flows from investing activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Cash proceeds from dispositions of investments
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
113
|
Ìý
|
113
|
Ìý
|
|
Proceeds (payments) from settlement of financial instruments, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(17)
|
Ìý
|
(17)
|
Ìý
|
|
Capital expended for property and equipment
|
Ìý
|
Ìý
|
(30)
|
Ìý
|
(35)
|
Ìý
|
1
|
Ìý
|
(64)
|
Ìý
|
|
Purchases of short term investments and other marketable securities
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(10)
|
Ìý
|
(10)
|
Ìý
|
|
Sales of short term investments and other marketable securities
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
136
|
Ìý
|
136
|
Ìý
|
|
Other investing activities, net
|
Ìý
|
Ìý
|
(4)
|
Ìý
|
Ìý—
|
Ìý
|
(10)
|
Ìý
|
(14)
|
Ìý
|
|
Net cash provided (used) by investing activities
|
Ìý
|
Ìý
|
(34)
|
Ìý
|
(35)
|
Ìý
|
213
|
Ìý
|
144
|
Ìý
|
|
Cash flows from financing activities:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Borrowings of debt
|
Ìý
|
Ìý
|
1,265
|
Ìý
|
10
|
Ìý
|
Ìý—
|
Ìý
|
1,275
|
Ìý
|
|
Repayments of debt
|
Ìý
|
Ìý
|
(658)
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(658)
|
Ìý
|
|
Intergroup (payments) receipts
|
Ìý
|
Ìý
|
4
|
Ìý
|
Ìý—
|
Ìý
|
(4)
|
Ìý
|
Ìý—
|
Ìý
|
|
Repurchases of Â鶹×îгöÆ· common stock
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(58)
|
Ìý
|
(58)
|
Ìý
|
|
Shares repurchased by subsidiary
|
Ìý
|
Ìý
|
(535)
|
Ìý
|
Ìý—
|
Ìý
|
Ìý—
|
Ìý
|
(535)
|
Ìý
|
|
Taxes paid in lieu of shares issued for stock-based compensation
|
Ìý
|
Ìý
|
(13)
|
Ìý
|
Ìý—
|
Ìý
|
(3)
|
Ìý
|
(16)
|
Ìý
|
|
Excess tax benefit from stock-based compensation
|
Ìý
|
Ìý
|
3
|
Ìý
|
Ìý—
|
Ìý
|
11
|
Ìý
|
14
|
Ìý
|
|
Other financing activities, net
|
Ìý
|
Ìý
|
Ìý—
|
Ìý
|
8
|
Ìý
|
2
|
Ìý
|
10
|
Ìý
|
|
Net cash provided (used) by financing activities
|
Ìý
|
Ìý
|
66
|
Ìý
|
18
|
Ìý
|
(52)
|
Ìý
|
32
|
Ìý
|
|
Net increase (decrease) in cash and cash equivalents
|
Ìý
|
Ìý
|
334
|
Ìý
|
8
|
Ìý
|
149
|
Ìý
|
491
|
Ìý
|
|
Cash and cash equivalents at beginning of period
|
Ìý
|
Ìý
|
148
|
Ìý
|
11
|
Ìý
|
522
|
Ìý
|
681
|
Ìý
|
|
Cash and cash equivalents at end of period
|
Ìý
|
$
|
482
|
Ìý
|
19
|
Ìý
|
671
|
Ìý
|
1,172
|
Ìý
|
Ìý
|