Consolidated Statements of Cash Flows - USD ($)
$ in Millions |
12 Months Ended |
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
| Cash flows from operating activities: |
Ìý
|
Ìý
|
Ìý
|
| Net earnings (loss) |
$ 865
|
$ 1,890
|
$ 924
|
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
Ìý
|
Ìý
|
Ìý
|
| Depreciation and amortization |
905
|
824
|
354
|
| Stock-based compensation |
192
|
230
|
150
|
| Share of (earnings) loss of affiliates, net |
(18)
|
(104)
|
(14)
|
| Realized and unrealized (gains) losses on financial instruments, net |
(40)
|
88
|
(37)
|
| Noncash interest expense |
(1)
|
16
|
11
|
| Losses (gains) on dilution of investment in affiliate |
1
|
(3)
|
Ìý
|
| Loss on early extinguishment of debt |
1
|
48
|
24
|
| Deferred income tax expense (benefit) |
167
|
(1,064)
|
427
|
| Other charges (credits), net |
(17)
|
4
|
30
|
| Changes in operating assets and liabilities |
Ìý
|
Ìý
|
Ìý
|
| Current and other assets |
(31)
|
50
|
25
|
| Payables and other current liabilities |
132
|
(247)
|
277
|
| Net cash provided (used) by operating activities |
2,156
|
1,732
|
2,171
|
| Cash flows from investing activities: |
Ìý
|
Ìý
|
Ìý
|
| Cash proceeds from sale of investments |
399
|
21
|
62
|
| Net cash paid for the acquisition of Formula 1 |
Ìý
|
(1,647)
|
Ìý
|
| Investments in equity method affiliates and debt and equity securities |
(414)
|
(862)
|
(784)
|
| Repayment of loans and other cash receipts from equity method affiliates and debt and equity securities |
14
|
Ìý
|
48
|
| Capital expended for property and equipment |
(403)
|
(517)
|
(568)
|
| Purchases of short term investments and other marketable securities |
Ìý
|
Ìý
|
(258)
|
| Sales of short term investments and other marketable securities |
Ìý
|
Ìý
|
273
|
| Other investing activities, net |
34
|
(132)
|
(37)
|
| Net cash provided (used) by investing activities |
(370)
|
(3,137)
|
(1,264)
|
| Cash flows from financing activities: |
Ìý
|
Ìý
|
Ìý
|
| Borrowings of debt |
3,617
|
6,697
|
2,745
|
| Repayments of debt |
(4,057)
|
(5,107)
|
(1,749)
|
| Proceeds from Issuance of Series C Â鶹app Formula One Common Stock |
Ìý
|
1,938
|
Ìý
|
| Series C Â鶹app SiriusXM common stock repurchases |
(466)
|
Ìý
|
Ìý
|
| Subsidiary shares repurchased by subsidiary |
(1,314)
|
(1,409)
|
(1,674)
|
| Proceeds from Â鶹app Braves common stock rights offering |
Ìý
|
Ìý
|
203
|
| Cash dividends paid by subsidiary |
(59)
|
(60)
|
(16)
|
| Taxes paid in lieu of shares issued for stock-based compensation |
(130)
|
(135)
|
(58)
|
| Other financing activities, net |
29
|
(48)
|
3
|
| Net cash provided (used) by financing activities |
(2,380)
|
1,876
|
(546)
|
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash |
(1)
|
4
|
Ìý
|
| Net increase (decrease) in cash, cash equivalents and restricted cash |
(595)
|
475
|
361
|
| Cash, cash equivalents and restricted cash at beginning of period |
1,047
|
572
|
211
|
| Cash, cash equivalents and restricted cash at end of period |
452
|
1,047
|
572
|
| Â鶹app Sirius XM Group |
Ìý
|
Ìý
|
Ìý
|
| Cash flows from operating activities: |
Ìý
|
Ìý
|
Ìý
|
| Net earnings (loss) |
1,004
|
1,659
|
657
|
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
Ìý
|
Ìý
|
Ìý
|
| Depreciation and amortization |
369
|
352
|
312
|
| Stock-based compensation |
156
|
150
|
128
|
| Share of (earnings) loss of affiliates, net |
11
|
(29)
|
(13)
|
| Realized and unrealized (gains) losses on financial instruments, net |
1
|
16
|
Ìý
|
| Noncash interest expense |
(8)
|
7
|
6
|
| Loss on early extinguishment of debt |
Ìý
|
35
|
24
|
| Deferred income tax expense (benefit) |
231
|
(492)
|
332
|
| Other charges (credits), net |
2
|
(4)
|
21
|
| Changes in operating assets and liabilities |
Ìý
|
Ìý
|
Ìý
|
| Current and other assets |
(4)
|
30
|
59
|
| Payables and other current liabilities |
21
|
127
|
184
|
| Net cash provided (used) by operating activities |
1,785
|
1,849
|
1,704
|
| Cash flows from investing activities: |
Ìý
|
Ìý
|
Ìý
|
| Investments in equity method affiliates and debt and equity securities |
(405)
|
(851)
|
Ìý
|
| Repayment of loans and other cash receipts from equity method affiliates and debt and equity securities |
14
|
Ìý
|
Ìý
|
| Capital expended for property and equipment |
(356)
|
(288)
|
(206)
|
| Other investing activities, net |
(9)
|
(115)
|
(4)
|
| Net cash provided (used) by investing activities |
(756)
|
(1,254)
|
(210)
|
| Cash flows from financing activities: |
Ìý
|
Ìý
|
Ìý
|
| Borrowings of debt |
2,795
|
4,553
|
1,847
|
| Repayments of debt |
(2,431)
|
(3,216)
|
(1,471)
|
| Series C Â鶹app SiriusXM common stock repurchases |
(466)
|
Ìý
|
Ìý
|
| Subsidiary shares repurchased by subsidiary |
(1,314)
|
(1,409)
|
(1,674)
|
| Cash dividends paid by subsidiary |
(59)
|
(60)
|
(16)
|
| Taxes paid in lieu of shares issued for stock-based compensation |
(127)
|
(100)
|
(47)
|
| Other financing activities, net |
50
|
(35)
|
(16)
|
| Net cash provided (used) by financing activities |
(1,552)
|
(267)
|
(1,319)
|
| Net increase (decrease) in cash, cash equivalents and restricted cash |
(523)
|
328
|
175
|
| Cash, cash equivalents and restricted cash at beginning of period |
625
|
297
|
122
|
| Cash, cash equivalents and restricted cash at end of period |
102
|
625
|
297
|
| Braves Group |
Ìý
|
Ìý
|
Ìý
|
| Cash flows from operating activities: |
Ìý
|
Ìý
|
Ìý
|
| Net earnings (loss) |
11
|
(26)
|
(62)
|
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
Ìý
|
Ìý
|
Ìý
|
| Depreciation and amortization |
76
|
67
|
32
|
| Stock-based compensation |
11
|
48
|
9
|
| Share of (earnings) loss of affiliates, net |
(12)
|
(78)
|
(9)
|
| Realized and unrealized (gains) losses on financial instruments, net |
2
|
Ìý
|
(1)
|
| Noncash interest expense |
5
|
3
|
5
|
| Loss on early extinguishment of debt |
Ìý
|
5
|
Ìý
|
| Deferred income tax expense (benefit) |
(1)
|
2
|
1
|
| Other charges (credits), net |
(20)
|
18
|
11
|
| Changes in operating assets and liabilities |
Ìý
|
Ìý
|
Ìý
|
| Current and other assets |
8
|
(57)
|
(17)
|
| Payables and other current liabilities |
(22)
|
(15)
|
105
|
| Net cash provided (used) by operating activities |
103
|
(42)
|
89
|
| Cash flows from investing activities: |
Ìý
|
Ìý
|
Ìý
|
| Cash proceeds from sale of investments |
155
|
5
|
Ìý
|
| Investments in equity method affiliates and debt and equity securities |
Ìý
|
(2)
|
(20)
|
| Capital expended for property and equipment |
(33)
|
(219)
|
(360)
|
| Other investing activities, net |
37
|
(5)
|
(33)
|
| Net cash provided (used) by investing activities |
159
|
(221)
|
(413)
|
| Cash flows from financing activities: |
Ìý
|
Ìý
|
Ìý
|
| Borrowings of debt |
123
|
544
|
460
|
| Repayments of debt |
(317)
|
(218)
|
(276)
|
| Proceeds from Â鶹app Braves common stock rights offering |
Ìý
|
Ìý
|
203
|
| Taxes paid in lieu of shares issued for stock-based compensation |
Ìý
|
(30)
|
Ìý
|
| Other financing activities, net |
(18)
|
Ìý
|
15
|
| Net cash provided (used) by financing activities |
(212)
|
296
|
418
|
| Net increase (decrease) in cash, cash equivalents and restricted cash |
50
|
33
|
94
|
| Cash, cash equivalents and restricted cash at beginning of period |
140
|
107
|
13
|
| Cash, cash equivalents and restricted cash at end of period |
190
|
140
|
107
|
| Formula One Group |
Ìý
|
Ìý
|
Ìý
|
| Cash flows from operating activities: |
Ìý
|
Ìý
|
Ìý
|
| Net earnings (loss) |
(150)
|
257
|
329
|
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
Ìý
|
Ìý
|
Ìý
|
| Depreciation and amortization |
460
|
405
|
10
|
| Stock-based compensation |
25
|
32
|
13
|
| Share of (earnings) loss of affiliates, net |
(17)
|
3
|
8
|
| Realized and unrealized (gains) losses on financial instruments, net |
(43)
|
72
|
(36)
|
| Noncash interest expense |
2
|
6
|
Ìý
|
| Losses (gains) on dilution of investment in affiliate |
1
|
(3)
|
Ìý
|
| Loss on early extinguishment of debt |
1
|
8
|
Ìý
|
| Deferred income tax expense (benefit) |
(63)
|
(574)
|
94
|
| Other charges (credits), net |
1
|
(10)
|
(2)
|
| Changes in operating assets and liabilities |
Ìý
|
Ìý
|
Ìý
|
| Current and other assets |
(35)
|
77
|
(17)
|
| Payables and other current liabilities |
133
|
(359)
|
(12)
|
| Net cash provided (used) by operating activities |
268
|
(75)
|
378
|
| Cash flows from investing activities: |
Ìý
|
Ìý
|
Ìý
|
| Cash proceeds from sale of investments |
244
|
16
|
62
|
| Net cash paid for the acquisition of Formula 1 |
Ìý
|
(1,647)
|
Ìý
|
| Investments in equity method affiliates and debt and equity securities |
(9)
|
(9)
|
(764)
|
| Repayment of loans and other cash receipts from equity method affiliates and debt and equity securities |
Ìý
|
Ìý
|
48
|
| Capital expended for property and equipment |
(14)
|
(10)
|
(2)
|
| Purchases of short term investments and other marketable securities |
Ìý
|
Ìý
|
(258)
|
| Sales of short term investments and other marketable securities |
Ìý
|
Ìý
|
273
|
| Other investing activities, net |
6
|
(12)
|
Ìý
|
| Net cash provided (used) by investing activities |
227
|
(1,662)
|
(641)
|
| Cash flows from financing activities: |
Ìý
|
Ìý
|
Ìý
|
| Borrowings of debt |
699
|
1,600
|
438
|
| Repayments of debt |
(1,309)
|
(1,673)
|
(2)
|
| Proceeds from Issuance of Series C Â鶹app Formula One Common Stock |
Ìý
|
1,938
|
Ìý
|
| Taxes paid in lieu of shares issued for stock-based compensation |
(3)
|
(5)
|
(11)
|
| Other financing activities, net |
(3)
|
(13)
|
4
|
| Net cash provided (used) by financing activities |
(616)
|
1,847
|
355
|
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash |
(1)
|
4
|
Ìý
|
| Net increase (decrease) in cash, cash equivalents and restricted cash |
(122)
|
114
|
92
|
| Cash, cash equivalents and restricted cash at beginning of period |
282
|
168
|
76
|
| Cash, cash equivalents and restricted cash at end of period |
$ 160
|
$ 282
|
$ 168
|