| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 | Dec'13 | Sep'13 | Jun'13 | Mar'13 | Dec'12 | Sep'12 | Jun'12 | Mar'12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net earnings | ||||||||||||||||||||||||||||||||
2,000 | 20,000 | 262,000 | 192,000 | -127,000 | 31,000 | 366,000 | 255,000 | 213,000 | 1,429,000 | 261,000 | 156,000 | 44,000 | 186,000 | 169,000 | 142,000 | 427,000 | 89,000 | 41,000 | 99,000 | 19,000 | 130,000 | 87,000 | 106,000 | 72,000 | 619,000 | 116,000 | 152,000 | 8,104,000 | 103,000 | 220,000 | 938,000 | 151,000 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ||||||||||||||||||||||||||||||||
Earnings (loss) from discontinued operations, net of taxes | ||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 44,000 | 58,000 | 71,000 | 79,000 |
Depreciation and amortization | ||||||||||||||||||||||||||||||||
267,000 | 271,000 | 271,000 | 271,000 | 248,000 | 224,000 | 234,000 | 231,000 | 216,000 | 209,000 | 228,000 | 223,000 | 164,000 | 82,000 | 92,000 | 93,000 | 87,000 | 90,000 | 96,000 | 92,000 | 84,000 | 87,000 | 90,000 | 92,000 | 90,000 | 78,000 | 79,000 | 88,000 | 70,000 | 10,000 | 12,000 | 11,000 | 9,000 |
Stock-based compensation | ||||||||||||||||||||||||||||||||
67,000 | 74,000 | 76,000 | 76,000 | 86,000 | 47,000 | 46,000 | 53,000 | 46,000 | 48,000 | 85,000 | 53,000 | 44,000 | 41,000 | 41,000 | 34,000 | 34,000 | 57,000 | 56,000 | 47,000 | 44,000 | 66,000 | 53,000 | 49,000 | 49,000 | 52,000 | 52,000 | 48,000 | 41,000 | 28,000 | 7,000 | 5,000 | 6,000 |
Excess tax benefit from stock-based compensation | ||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 21,000 | 14,000 | - | -1,000 | 1,000 | 11,000 | - | - | - | - | - | - | - | - |
Share of (earnings) loss of affiliates, net | ||||||||||||||||||||||||||||||||
-62,000 | -63,000 | 55,000 | 34,000 | -20,000 | -54,000 | 58,000 | 22,000 | -8,000 | -63,000 | 155,000 | 16,000 | -4,000 | -29,000 | 37,000 | 18,000 | -12,000 | -32,000 | 29,000 | 0 | -37,000 | -60,000 | -6,000 | -12,000 | -35,000 | -20,000 | -8,000 | -21,000 | 17,000 | 39,000 | 14,000 | 1,281,000 | 12,000 |
Realized and unrealized (gains) losses on financial instruments, net | ||||||||||||||||||||||||||||||||
1,000 | -144,000 | 14,000 | -87,000 | -98,000 | -140,000 | -31,000 | 58,000 | 153,000 | -45,000 | 18,000 | -49,000 | -12,000 | 70,000 | 7,000 | -32,000 | -8,000 | 48,000 | -200,000 | 40,000 | -28,000 | 93,000 | -15,000 | 25,000 | -65,000 | 73,000 | 64,000 | 61,000 | 97,000 | 57,000 | 135,000 | -73,000 | 111,000 |
Noncash interest expense | ||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 7,000 | 3,000 | 4,000 | 2,000 | - | - | - | 2,000 | - | - | - | - | - | - | - | - | -8,000 | -14,000 | -22,000 | -18,000 | -2,000 | 0 | 0 | 0 |
Losses (gains) on transactions, net | ||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 497,000 | 0 | 2,000 | 7,479,000 | - | - | - | - |
Losses (gains) on dilution of investment in affiliate | ||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | -2,000 | - | - | - | -1,000 | -11,000 | -13,000 | -4,000 | -50,000 | - | - | - | - | - | - | - | - |
Losses (gains) on disposition of assets, net | ||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 21,000 | 0 | 0 |
Deferred income tax expense (benefit) | ||||||||||||||||||||||||||||||||
39,000 | -76,000 | 81,000 | 61,000 | 54,000 | 35,000 | 60,000 | 52,000 | 20,000 | -1,350,000 | 110,000 | 50,000 | 126,000 | 20,000 | 229,000 | 64,000 | 114,000 | 77,000 | 17,000 | 11,000 | 70,000 | 82,000 | 70,000 | 32,000 | -93,000 | 18,000 | 85,000 | 105,000 | -380,000 | -36,000 | 106,000 | 364,000 | 31,000 |
Other, net | ||||||||||||||||||||||||||||||||
-10,000 | - | - | - | -5,000 | 30,000 | 3,000 | 1,000 | -17,000 | 38,000 | -46,000 | 6,000 | -2,000 | -6,000 | -3,000 | -20,000 | -1,000 | 1,000 | -5,000 | -9,000 | -6,000 | -4,000 | 8,000 | -2,000 | 10,000 | - | -1,000 | 0 | -14,000 | - | -83,000 | 8,000 | -4,000 |
Changes in operating assets and liabilities | ||||||||||||||||||||||||||||||||
Current and other assets | ||||||||||||||||||||||||||||||||
34,000 | -58,000 | -22,000 | 64,000 | 19,000 | -88,000 | 20,000 | 2,000 | 97,000 | -44,000 | -43,000 | 45,000 | -8,000 | -54,000 | -22,000 | 28,000 | 23,000 | 67,000 | -15,000 | 134,000 | 22,000 | 2,000 | 17,000 | 28,000 | 27,000 | -45,000 | -65,000 | -11,000 | -66,000 | -132,000 | 85,000 | 22,000 | 7,000 |
Payables and other liabilities | ||||||||||||||||||||||||||||||||
145,000 | -10,000 | -110,000 | -64,000 | 284,000 | -75,000 | -289,000 | 142,000 | 354,000 | -84,000 | -28,000 | -132,000 | -3,000 | 148,000 | -132,000 | 38,000 | 223,000 | 103,000 | -225,000 | 305,000 | 62,000 | 5,000 | -73,000 | 27,000 | 74,000 | 58,000 | -97,000 | -74,000 | 35,000 | 79,000 | -117,000 | -45,000 | 116,000 |
Net cash provided (used) by operating activities | ||||||||||||||||||||||||||||||||
557,000 | 543,000 | 598,000 | 523,000 | 649,000 | 521,000 | 367,000 | 644,000 | 624,000 | 418,000 | 575,000 | 336,000 | 403,000 | 520,000 | 389,000 | 375,000 | 887,000 | 339,000 | 211,000 | 367,000 | 315,000 | 327,000 | 237,000 | 270,000 | 294,000 | 347,000 | 282,000 | 268,000 | 339,000 | -82,000 | -16,000 | -39,000 | 108,000 |
Cash flows from investing activities: | ||||||||||||||||||||||||||||||||
Investments in equity method affiliates and debt and equity securities | ||||||||||||||||||||||||||||||||
82,000 | 4,000 | 5,000 | 9,000 | 11,000 | 11,000 | 4,000 | 6,000 | 393,000 | 102,000 | 318,000 | 437,000 | 5,000 | 22,000 | 751,000 | 0 | 11,000 | - | - | - | - | - | - | - | - | 1,000 | 0 | 2,566,000 | 18,000 | 293,000 | 1,216,000 | 205,000 | 2,000 |
Return of investment in equity method affiliates | ||||||||||||||||||||||||||||||||
105,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash proceeds from sale of investments | ||||||||||||||||||||||||||||||||
10,000 | 53,000 | 16,000 | 301,000 | 72,000 | 155,000 | 1,000 | 234,000 | 9,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 406,000 | 273,000 | 0 | 87,000 |
Cash (paid) received for acquisitions, net of cash acquired | ||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 107,000 | 0 | 0 | 1,647,000 | - | - | - | - | - | - | - | - | 0 | 0 | -11,000 | 58,000 | 525,000 | 0 | 0 | -408,000 | - | - | - | - |
Cash (paid) received from acquisitions, net of cash acquired | ||||||||||||||||||||||||||||||||
- | - | - | 0 | 313,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 |
Proceeds (payments) from settlement of financial instruments, net | ||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 234,000 | 69,000 | 2,000 | 17,000 | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from Sale of Available-for-sale Securities | ||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 26,000 | 36,000 | 113,000 | - | - | - | - | - | - | - | - | - | - | - | - |
Repayment of loans and other cash receipts from equity method affiliates and debt and equity securities | ||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 17,000 | 145,000 | 8,000 | -22,000 | -21,000 |
Capital expended for property and equipment, including internal-use software and website development | ||||||||||||||||||||||||||||||||
88,000 | 172,000 | 117,000 | 108,000 | 113,000 | 138,000 | 74,000 | 102,000 | 89,000 | 110,000 | 141,000 | 110,000 | 156,000 | 250,000 | 158,000 | 93,000 | 67,000 | 120,000 | 37,000 | 75,000 | 64,000 | 41,000 | 42,000 | 45,000 | 66,000 | 75,000 | 68,000 | 38,000 | 26,000 | 11,000 | 1,000 | 2,000 | 2,000 |
Purchases of short term investments and other marketable securities | ||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 159,000 | 99,000 | 123,000 | 19,000 | 22,000 | 10,000 | 11,000 | 57,000 | 246,000 | 46,000 | 0 | 15,000 | 0 | 163,000 | - | - | - | - |
Sales of short term investments and other marketable securities | ||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 220,000 | 53,000 | 127,000 | 51,000 | 44,000 | 136,000 | 108,000 | 1,000 | 12,000 | 55,000 | 0 | 0 | 90,000 | 139,000 | 5,000 | 0 | 600,000 | 20,000 |
Net (increase) decrease in restricted cash | ||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | -9,000 | 0 | -691,000 |
Other investing activities, net | ||||||||||||||||||||||||||||||||
3,000 | -16,000 | -3,000 | -2,000 | 7,000 | 7,000 | 4,000 | 2,000 | -49,000 | -95,000 | 1,000 | 130,000 | -11,000 | 31,000 | 18,000 | -13,000 | 1,000 | -32,000 | 18,000 | 8,000 | 14,000 | 52,000 | 4,000 | -32,000 | -4,000 | 1,000 | -36,000 | 43,000 | 0 | - | - | - | - |
Net cash provided (used) by investing activities | ||||||||||||||||||||||||||||||||
-58,000 | -96,000 | -102,000 | 258,000 | 254,000 | 12,000 | -82,000 | 124,000 | -424,000 | -223,000 | -446,000 | -671,000 | -1,797,000 | -254,000 | -924,000 | 39,000 | -125,000 | -337,000 | -66,000 | -27,000 | 144,000 | -10,000 | -132,000 | -158,000 | -111,000 | -524,000 | -35,000 | -2,562,000 | 357,000 | 342,000 | -706,000 | -4,000 | 592,000 |
Borrowings of debt | ||||||||||||||||||||||||||||||||
853,000 | 1,002,000 | 2,139,000 | 1,966,000 | 913,000 | 1,307,000 | 727,000 | 266,000 | 1,317,000 | 877,000 | 3,223,000 | 753,000 | 1,844,000 | 726,000 | 566,000 | 1,118,000 | 335,000 | 434,000 | 436,000 | 68,000 | 1,275,000 | - | - | - | - | - | - | - | - | - | - | - | - |
Repayments of debt | ||||||||||||||||||||||||||||||||
372,000 | 526,000 | 1,958,000 | 1,646,000 | 741,000 | 1,043,000 | 596,000 | 1,264,000 | 1,154,000 | 288,000 | 3,028,000 | 637,000 | 1,154,000 | 873,000 | 60,000 | 705,000 | 111,000 | 378,000 | 157,000 | 3,000 | 658,000 | 276,000 | 87,000 | 752,000 | 821,000 | 1,048,000 | 886,000 | 844,000 | 1,000 | 0 | 0 | 0 | 750,000 |
Proceeds from issuance of Series C Liberty Formula One common stock | ||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 388,000 | 1,550,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Liberty SiriusXM common stock repurchases | ||||||||||||||||||||||||||||||||
138,000 | 69,000 | 68,000 | 84,000 | 222,000 | 98,000 | 150,000 | 187,000 | 31,000 | - | - | - | - | - | - | - | - | 47,000 | 3,000 | 242,000 | 58,000 | - | - | - | - | 0 | 0 | 0 | 140,000 | 81,000 | 8,000 | 155,000 | 79,000 |
Subsidiary shares repurchased by subsidiary | ||||||||||||||||||||||||||||||||
243,000 | 200,000 | 485,000 | 898,000 | 576,000 | 652,000 | 328,000 | 25,000 | 309,000 | 413,000 | 212,000 | 478,000 | 306,000 | 449,000 | 229,000 | 402,000 | 594,000 | 3,666,000 | -564,000 | -549,000 | -535,000 | 3,807,000 | -704,000 | -865,000 | -81,000 | 0 | -493,000 | -643,000 | -466,000 | - | 0 | 0 | 0 |
Cash dividends paid by subsidiary | ||||||||||||||||||||||||||||||||
17,000 | 16,000 | 16,000 | 17,000 | 19,000 | 15,000 | 15,000 | 14,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds (payments) from issuances and settlements of financial instruments, net | ||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 128,000 | 183,000 |
Taxes paid in lieu of shares issued for stock-based compensation | ||||||||||||||||||||||||||||||||
38,000 | 110,000 | 44,000 | 17,000 | 40,000 | 8,000 | 41,000 | 53,000 | 28,000 | 40,000 | 63,000 | 10,000 | 22,000 | 15,000 | 33,000 | 6,000 | 4,000 | 29,000 | 24,000 | 11,000 | 16,000 | 18,000 | 18,000 | 8,000 | 4,000 | - | - | - | - | - | - | - | - |
Excess tax benefit from stock-based compensation | ||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 21,000 | 14,000 | - | -1,000 | 1,000 | 11,000 | - | - | - | - | - | - | - | - |
Other financing activities, net | ||||||||||||||||||||||||||||||||
-7,000 | - | - | - | - | -22,000 | 5,000 | -4,000 | 50,000 | -60,000 | 4,000 | 3,000 | 5,000 | -17,000 | 2,000 | 5,000 | 13,000 | 1,000 | 0 | -6,000 | 10,000 | - | - | - | 1,000 | 33,000 | -36,000 | 9,000 | 8,000 | -6,000 | 7,000 | 3,000 | 0 |
Net cash provided (used) by financing activities | ||||||||||||||||||||||||||||||||
38,000 | 81,000 | -469,000 | -700,000 | -685,000 | -531,000 | -398,000 | -1,281,000 | -170,000 | 61,000 | -91,000 | 4,000 | 1,902,000 | - | - | - | - | - | - | - | 32,000 | - | -294,000 | 77,000 | -894,000 | 94,000 | -13,000 | 1,331,000 | -599,000 | -180,000 | -1,000 | -152,000 | -829,000 |
Net cash provided (used) by financing activities | ||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -361,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | ||||||||||||||||||||||||||||||||
-8,000 | - | - | - | 1,000 | - | - | -3,000 | 2,000 | -3,000 | 2,000 | 4,000 | 1,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||||||||||||||||||||||||||||
529,000 | 533,000 | 22,000 | 80,000 | 219,000 | 1,000 | -112,000 | -516,000 | 32,000 | 253,000 | 40,000 | -327,000 | 509,000 | -378,000 | -289,000 | 627,000 | 401,000 | -387,000 | -202,000 | -382,000 | 491,000 | 304,000 | -189,000 | 189,000 | -711,000 | -83,000 | 234,000 | -963,000 | 1,297,000 | 280,000 | -323,000 | -195,000 | -129,000 |
Cash provided (used) by operating activities - Discontinued operations | ||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 90,000 | 113,000 | 76,000 | -14,000 |
Cash provided (used) by investing activities - Discontinued operations | ||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 5,000 | -12,000 | 8,000 | -11,000 |
Cash provided (used) by financing activities - Discontinued operations | ||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 550,000 | 9,000 | -12,000 | -1,000 | -1,000 |
Change in available cash held by discontinued operations | ||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 650,000 | 96,000 | 311,000 | -83,000 | 26,000 |
Net cash provided (used) by discontinued operations | ||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 1,200,000 | 200,000 | 400,000 | 0 | 0 |