| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net earnings | |||||||||
347 | 865 | 1,890 | 924 | 248 | 395 | 8,991 | 1,412 | 832 | 997 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | |||||||||
Earnings (loss) from discontinued operations, net of taxes | |||||||||
- | - | - | - | - | - | - | 252 | 239 | - |
Depreciation and amortization | |||||||||
1,061 | 905 | 824 | 354 | 362 | 359 | 315 | 42 | 53 | 94 |
Amortization of program rights | |||||||||
- | - | - | - | - | - | - | - | - | 729 |
Cash payments for program rights | |||||||||
- | - | - | - | - | - | - | - | - | 650 |
Stock-based compensation | |||||||||
312 | 192 | 230 | 150 | 204 | 217 | 193 | 46 | 25 | 83 |
Cash payments for stock-based compensation | |||||||||
- | - | - | - | - | - | -2 | -19 | -14 | -204 |
Excess tax benefit from stock-based compensation | |||||||||
- | - | - | - | - | - | 6 | 142 | 9 | 77 |
Share of (earnings) loss of affiliates, net | |||||||||
6 | 18 | 104 | 14 | -40 | -113 | -32 | 1,346 | 87 | -98 |
Realized and unrealized (gains) losses on financial instruments, net | |||||||||
-315 | 40 | -88 | 37 | -140 | 38 | 295 | 230 | 70 | 260 |
Noncash interest expense | |||||||||
9 | -1 | 16 | 11 | 6 | -34 | -62 | -2 | 2 | 0 |
Losses (gains) on transactions, net | |||||||||
- | - | - | - | - | - | 7,978 | 22 | - | - |
Losses (gains) on dilution of investment in affiliate | |||||||||
7 | -1 | 3 | - | -1 | -78 | -93 | -9 | - | - |
Losses (gains) on disposition of assets, net | |||||||||
- | - | - | - | - | - | - | - | 1 | 36 |
Loss on early extinguishment of debt | |||||||||
-57 | -1 | -48 | -24 | - | - | -21 | - | 0 | - |
Change in tax accounts from Liberty Interactive, net | |||||||||
- | - | - | - | - | - | - | - | - | -50 |
Deferred income tax expense (benefit) | |||||||||
120 | 167 | -1,064 | 427 | 175 | 91 | -172 | 465 | 42 | -795 |
Other charges (credits), net | |||||||||
- | - | - | - | - | -12 | -3 | -41 | -607 | 72 |
Other, net | |||||||||
-8 | 17 | -4 | -30 | -19 | 12 | - | - | - | - |
Changes in operating assets and liabilities | |||||||||
Current and other assets | |||||||||
3 | 31 | -50 | -25 | 208 | 74 | -187 | -18 | 52 | 0 |
Payables and other liabilities | |||||||||
100 | 132 | -247 | 277 | 245 | 33 | -78 | 33 | 47 | -57 |
Net cash provided (used) by operating activities | |||||||||
2,313 | 2,156 | 1,732 | 2,171 | 1,232 | 1,128 | 1,236 | -29 | -78 | 44 |
Cash flows from investing activities: | |||||||||
Investments in equity method affiliates and debt and equity securities | |||||||||
29 | 414 | 862 | 784 | 19 | 183 | 2,585 | 1,716 | 350 | 405 |
Cash proceeds from sale of investments | |||||||||
442 | 399 | 21 | 62 | 175 | 247 | 80 | 766 | 17 | 71 |
Cash (paid) received for acquisitions, net of cash acquired | |||||||||
-313 | 2 | 1,754 | - | - | 47 | 117 | - | 0 | - |
Proceeds (payments) from settlement of financial instruments, net | |||||||||
- | - | - | - | 322 | 72 | 59 | -9 | 0 | - |
Repayment of loans and other cash receipts from equity method affiliates and debt and equity securities | |||||||||
11 | 14 | - | 48 | - | 42 | 81 | 110 | -217 | -200 |
Capital expended for property and equipment, including internal-use software and website development | |||||||||
510 | 403 | 517 | 568 | 296 | 194 | 207 | 16 | 7 | 16 |
Purchases of short term investments and other marketable securities | |||||||||
- | - | - | 258 | 174 | 360 | 178 | 393 | 732 | - |
Sales of short term investments and other marketable securities | |||||||||
73 | - | - | 273 | 358 | 176 | 229 | 625 | -1,009 | 542 |
Repayment of loan by Liberty Interactive | |||||||||
- | - | - | - | - | - | - | - | - | 316 |
Return on investment in equity method affiliate | |||||||||
- | - | - | - | - | - | - | 165 | 0 | 0 |
Net (increase) decrease in restricted cash | |||||||||
- | - | - | - | - | - | - | -700 | 157 | 39 |
Reattribution of cash | |||||||||
- | - | - | - | - | - | - | - | -264 | -807 |
Other investing activities, net | |||||||||
-14 | -36 | 25 | 37 | 8 | 20 | 8 | 8 | 3 | 13 |
Net cash provided (used) by investing activities | |||||||||
314 | -370 | -3,137 | -1,264 | -286 | -411 | -2,764 | 224 | -270 | -484 |
Cash flows from financing activities: | |||||||||
Borrowings of debt | |||||||||
6,020 | 3,617 | 6,697 | 2,745 | 2,213 | 2,758 | 5,923 | - | 0 | 132 |
Repayments of debt | |||||||||
4,871 | 4,057 | 5,107 | 1,749 | 1,196 | 1,936 | 2,779 | 750 | 0 | 1,047 |
Proceeds from issuance of Series C Liberty Formula One common stock | |||||||||
- | - | 1,938 | - | - | - | - | - | - | - |
Liberty SiriusXM common stock repurchases | |||||||||
443 | 466 | - | - | 350 | - | 140 | 323 | 465 | 754 |
Cash provided by the Broadband Spin-Off | |||||||||
- | - | - | - | - | 259 | - | - | - | - |
Cash included in exchange transaction | |||||||||
- | - | - | - | - | - | 429 | - | 0 | - |
Subsidiary shares issued by subsidiary | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Subsidiary shares repurchased by subsidiary | |||||||||
2,159 | 1,314 | 1,409 | 1,674 | 2,018 | 2,157 | -1,602 | - | 0 | - |
Proceeds from Liberty Braves common stock rights offering | |||||||||
- | - | - | 203 | - | - | - | - | - | - |
Cash dividends paid by subsidiary | |||||||||
68 | 59 | 60 | 16 | - | - | - | - | - | - |
Proceeds (payments) from issuances and settlements of financial instruments, net | |||||||||
- | - | - | - | - | - | 299 | 54 | -4 | -751 |
Issuance of warrants | |||||||||
- | - | - | - | - | - | 170 | - | 0 | - |
Taxes paid in lieu of shares issued for stock-based compensation | |||||||||
211 | 130 | 135 | 58 | 80 | 48 | 51 | 181 | 9 | 0 |
Excess tax benefit from stock-based compensation | |||||||||
- | - | - | - | - | - | 6 | 142 | 9 | 77 |
Other financing activities, net | |||||||||
-41 | 29 | -48 | 3 | 5 | - | 14 | 4 | 6 | 171 |
Net cash provided (used) by financing activities | |||||||||
-1,773 | -2,380 | 1,876 | -546 | -1,426 | - | 813 | -1,162 | -455 | -1,421 |
Net cash provided (used) by financing activities | |||||||||
- | - | - | - | - | -1,124 | - | - | 433 | - |
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | |||||||||
- | -1 | 4 | - | - | - | - | - | - | - |
Net increase (decrease) in cash, cash equivalents and restricted cash | |||||||||
854 | -595 | 475 | 361 | -480 | -407 | 485 | -367 | -803 | -1,861 |
Cash provided (used) by operating activities - Discontinued operations | |||||||||
- | - | - | - | - | - | - | 265 | 354 | - |
Cash provided (used) by investing activities - Discontinued operations | |||||||||
- | - | - | - | - | - | - | -10 | -4 | - |
Cash provided (used) by financing activities - Discontinued operations | |||||||||
- | - | - | - | - | - | 550 | -5 | - | - |
Change in available cash held by discontinued operations | |||||||||
- | - | - | - | - | - | 650 | 350 | -783 | - |
Net cash provided (used) by discontinued operations | |||||||||
- | - | - | - | - | - | 1,200 | 600 | 0 | - |
Liberty Sirius XM Group | |||||||||
Net earnings (loss) | |||||||||
- | - | - | 657 | - | - | - | - | - | - |
Depreciation and amortization | |||||||||
- | - | - | 312 | - | - | - | - | - | - |
Stock-based compensation | |||||||||
- | - | - | 128 | - | - | - | - | - | - |
Share of (earnings) loss of affiliates, net | |||||||||
- | - | - | 13 | - | - | - | - | - | - |
Noncash interest expense | |||||||||
- | - | - | 6 | - | - | - | - | - | - |
Loss on early extinguishment of debt | |||||||||
- | - | - | -24 | - | - | - | - | - | - |
Deferred income tax expense (benefit) | |||||||||
- | - | - | 332 | - | - | - | - | - | - |
Other charges (credits), net | |||||||||
- | - | - | -21 | - | - | - | - | - | - |
Current and other assets | |||||||||
- | - | - | -59 | - | - | - | - | - | - |
Payables and other current liabilities | |||||||||
- | - | - | 184 | - | - | - | - | - | - |
Net cash provided (used) by operating activities | |||||||||
- | - | - | 1,704 | - | - | - | - | - | - |
Capital expended for property and equipment | |||||||||
- | - | - | 206 | - | - | - | - | - | - |
Other investing activities, net | |||||||||
- | - | - | 4 | - | - | - | - | - | - |
Net cash provided (used) by investing activities | |||||||||
- | - | - | -210 | - | - | - | - | - | - |
Borrowings of debt | |||||||||
- | - | - | 1,847 | - | - | - | - | - | - |
Repayments of debt | |||||||||
- | - | - | 1,471 | - | - | - | - | - | - |
Subsidiary shares repurchased by subsidiary | |||||||||
- | - | - | 1,674 | - | - | - | - | - | - |
Cash dividends paid by subsidiary | |||||||||
- | - | - | 16 | - | - | - | - | - | - |
Taxes paid in lieu of shares issued for stock-based compensation | |||||||||
- | - | - | 47 | - | - | - | - | - | - |
Other financing activities, net | |||||||||
- | - | - | -16 | - | - | - | - | - | - |
Net cash provided (used) by financing activities | |||||||||
- | - | - | -1,319 | - | - | - | - | - | - |
Net increase (decrease) in cash, cash equivalents and restricted cash | |||||||||
- | - | - | 175 | - | - | - | - | - | - |
Braves Group | |||||||||
Net earnings (loss) | |||||||||
- | - | - | -62 | - | - | - | - | - | - |
Depreciation and amortization | |||||||||
- | - | - | 32 | - | - | - | - | - | - |
Stock-based compensation | |||||||||
- | - | - | 9 | - | - | - | - | - | - |
Share of (earnings) loss of affiliates, net | |||||||||
- | - | - | 9 | - | - | - | - | - | - |
Realized and unrealized (gains) losses on financial instruments, net | |||||||||
- | - | - | 1 | - | - | - | - | - | - |
Noncash interest expense | |||||||||
- | - | - | 5 | - | - | - | - | - | - |
Deferred income tax expense (benefit) | |||||||||
- | - | - | 1 | - | - | - | - | - | - |
Other charges (credits), net | |||||||||
- | - | - | -11 | - | - | - | - | - | - |
Current and other assets | |||||||||
- | - | - | 17 | - | - | - | - | - | - |
Payables and other current liabilities | |||||||||
- | - | - | 105 | - | - | - | - | - | - |
Net cash provided (used) by operating activities | |||||||||
- | - | - | 89 | - | - | - | - | - | - |
Investments in equity method affiliates and debt and equity securities | |||||||||
- | - | - | 20 | - | - | - | - | - | - |
Capital expended for property and equipment | |||||||||
- | - | - | 360 | - | - | - | - | - | - |
Other investing activities, net | |||||||||
- | - | - | 33 | - | - | - | - | - | - |
Net cash provided (used) by investing activities | |||||||||
- | - | - | -413 | - | - | - | - | - | - |
Borrowings of debt | |||||||||
- | - | - | 460 | - | - | - | - | - | - |
Repayments of debt | |||||||||
- | - | - | 276 | - | - | - | - | - | - |
Proceeds from Liberty Braves common stock rights offering | |||||||||
- | - | - | 203 | - | - | - | - | - | - |
Other financing activities, net | |||||||||
- | - | - | 15 | - | - | - | - | - | - |
Net cash provided (used) by financing activities | |||||||||
- | - | - | 418 | - | - | - | - | - | - |
Net increase (decrease) in cash, cash equivalents and restricted cash | |||||||||
- | - | - | 94 | - | - | - | - | - | - |
Formula One Group | |||||||||
Net earnings (loss) | |||||||||
- | - | - | 329 | - | - | - | - | - | - |
Depreciation and amortization | |||||||||
- | - | - | 10 | - | - | - | - | - | - |
Stock-based compensation | |||||||||
- | - | - | 13 | - | - | - | - | - | - |
Share of (earnings) loss of affiliates, net | |||||||||
- | - | - | -8 | - | - | - | - | - | - |
Realized and unrealized (gains) losses on financial instruments, net | |||||||||
- | - | - | 36 | - | - | - | - | - | - |
Deferred income tax expense (benefit) | |||||||||
- | - | - | 94 | - | - | - | - | - | - |
Other charges (credits), net | |||||||||
- | - | - | 2 | - | - | - | - | - | - |
Current and other assets | |||||||||
- | - | - | 17 | - | - | - | - | - | - |
Payables and other current liabilities | |||||||||
- | - | - | -12 | - | - | - | - | - | - |
Net cash provided (used) by operating activities | |||||||||
- | - | - | 378 | - | - | - | - | - | - |
Cash proceeds from sale of investments | |||||||||
- | - | - | 62 | - | - | - | - | - | - |
Investments in equity method affiliates and debt and equity securities | |||||||||
- | - | - | 764 | - | - | - | - | - | - |
Repayment of loans and other cash receipts from equity method affiliates and debt and equity securities | |||||||||
- | - | - | 48 | - | - | - | - | - | - |
Capital expended for property and equipment | |||||||||
- | - | - | 2 | - | - | - | - | - | - |
Purchases of short term investments and other marketable securities | |||||||||
- | - | - | 258 | - | - | - | - | - | - |
Sales of short term investments and other marketable securities | |||||||||
- | - | - | 273 | - | - | - | - | - | - |
Net cash provided (used) by investing activities | |||||||||
- | - | - | -641 | - | - | - | - | - | - |
Borrowings of debt | |||||||||
- | - | - | 438 | - | - | - | - | - | - |
Repayments of debt | |||||||||
- | - | - | 2 | - | - | - | - | - | - |
Taxes paid in lieu of shares issued for stock-based compensation | |||||||||
- | - | - | 11 | - | - | - | - | - | - |
Other financing activities, net | |||||||||
- | - | - | 4 | - | - | - | - | - | - |
Net cash provided (used) by financing activities | |||||||||
- | - | - | 355 | - | - | - | - | - | - |
Net increase (decrease) in cash, cash equivalents and restricted cash | |||||||||
- | - | - | 92 | - | - | - | - | - | - |