Financial Information for Tracking Stock Groups (Tables)
|
9 Months Ended |
Sep. 30, 2024 |
|---|
| Financial Information for Tracking Stock Groups |
Μύ
|
| Condensed Balance Sheets |
BALANCE SHEET INFORMATION
September 30, 2024
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
β |
β |
Attributed (note 1) |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
ΒιΆΉapp |
β |
β |
β |
β |
β |
β |
β |
Formula One |
β |
Live |
β |
Inter-Group |
β |
Consolidated |
β |
β |
ΜύΜύΜύΜύ |
Group |
β |
Group |
β |
Eliminations |
β |
ΒιΆΉapp |
ΜύΜύΜύΜύ |
|
β |
β |
amountsΜύinΜύmillions |
β |
Assets |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Current assets: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Cash and cash equivalents |
β |
$ |
2,666 |
β |
388 |
β |
β |
β |
3,054 |
Μύ |
Trade and other receivables, net |
β |
Μύ |
122 |
β |
β |
β |
β |
β |
122 |
Μύ |
Other current assets |
β |
Μύ |
503 |
β |
β |
β |
β |
β |
503 |
Μύ |
Total current assets |
β |
Μύ |
3,291 |
β |
388 |
β |
β |
β |
3,679 |
Μύ |
Investments in affiliates, accounted for using the equity method (noteΜύ1) |
β |
Μύ |
35 |
β |
448 |
β |
β |
β |
483 |
Μύ |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Property and equipment, at cost |
β |
Μύ |
1,010 |
β |
β |
β |
β |
β |
1,010 |
Μύ |
Accumulated depreciation |
β |
Μύ |
(183) |
β |
β |
β |
β |
β |
(183) |
Μύ |
β |
β |
Μύ |
827 |
β |
β |
β |
β |
β |
827 |
Μύ |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Goodwill |
β |
Μύ |
4,192 |
β |
β |
β |
β |
β |
4,192 |
Μύ |
Intangible assets subject to amortization, net |
β |
Μύ |
2,757 |
β |
β |
β |
β |
β |
2,757 |
Μύ |
Other assets |
β |
Μύ |
878 |
β |
419 |
β |
(27) |
β |
1,270 |
Μύ |
Total assets |
β |
$ |
11,980 |
β |
1,255 |
β |
(27) |
β |
13,208 |
Μύ |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Liabilities and Equity |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Current liabilities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Accounts payable and accrued liabilities |
β |
$ |
404 |
β |
β |
β |
β |
β |
404 |
β |
Current portion of debt |
β |
β |
21 |
β |
55 |
β |
β |
β |
76 |
β |
Deferred revenue |
β |
Μύ |
756 |
β |
β |
β |
β |
β |
756 |
β |
Other current liabilities |
β |
Μύ |
37 |
β |
β |
β |
β |
β |
37 |
β |
Total current liabilities |
β |
Μύ |
1,218 |
β |
55 |
β |
β |
β |
1,273 |
β |
Long-term debt (note 1) |
β |
Μύ |
2,907 |
β |
1,382 |
β |
β |
β |
4,289 |
β |
Deferred income tax liabilities |
β |
Μύ |
27 |
β |
β |
β |
(27) |
β |
β |
β |
Other liabilities |
β |
Μύ |
186 |
β |
1 |
β |
β |
β |
187 |
β |
Total liabilities |
β |
Μύ |
4,338 |
β |
1,438 |
β |
(27) |
β |
5,749 |
β |
Equity / Attributed net assets |
β |
Μύ |
7,642 |
β |
(206) |
β |
β |
β |
7,436 |
β |
Noncontrolling interests in equity of subsidiaries |
β |
Μύ |
β |
β |
23 |
β |
β |
β |
23 |
β |
Total liabilities and equity |
β |
$ |
11,980 |
β |
1,255 |
β |
(27) |
β |
13,208 |
β |
|
| Condensed Statement of Operations |
STATEMENT OF OPERATIONS INFORMATION
Three months ended September 30, 2024
(unaudited)
β
|
|
|
|
|
|
|
|
|
|
|
β |
β |
Attributed (note 1) |
β |
β |
β |
β |
β |
β |
β |
β |
ΒιΆΉapp |
β |
ΒιΆΉapp |
β |
β |
β |
β |
β |
Formula One |
β |
Live |
β |
SiriusXM |
β |
Consolidated |
β |
β |
β |
Group |
β |
Group |
β |
Group |
β |
ΒιΆΉapp |
β |
|
β |
β |
amounts in millions |
β |
Revenue: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Formula 1 revenue |
β |
$ |
848 |
β |
β |
β |
β |
β |
848 |
β |
Other revenue |
β |
Μύ |
63 |
β |
β |
β |
β |
β |
63 |
β |
Total revenue |
β |
Μύ |
911 |
β |
β |
β |
β |
β |
911 |
β |
Operating costs and expenses: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Cost of Formula 1 revenue (exclusive of depreciation shown separately below) |
β |
β |
554 |
β |
β |
β |
β |
β |
554 |
β |
Other cost of sales |
β |
β |
41 |
β |
β |
β |
β |
β |
41 |
β |
Other operating expenses |
β |
Μύ |
2 |
β |
β |
β |
β |
β |
2 |
β |
Selling, general and administrative, including stock-based compensation (note 2) |
β |
Μύ |
113 |
β |
3 |
β |
β |
β |
116 |
β |
Impairment and acquisition costs |
β |
β |
3 |
β |
β |
β |
β |
β |
3 |
β |
Depreciation and amortization |
β |
Μύ |
88 |
β |
β |
β |
β |
β |
88 |
β |
β |
β |
Μύ |
801 |
β |
3 |
β |
β |
β |
804 |
β |
Operating income (loss) |
β |
Μύ |
110 |
β |
(3) |
β |
β |
β |
107 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(54) |
β |
(8) |
β |
β |
β |
(62) |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
(1) |
β |
117 |
β |
β |
β |
116 |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
39 |
β |
(94) |
β |
β |
β |
(55) |
β |
Other, net |
β |
Μύ |
21 |
β |
8 |
β |
β |
β |
29 |
β |
β |
β |
Μύ |
5 |
β |
23 |
β |
β |
β |
28 |
β |
Earnings (loss) from continuing operations before income taxes |
β |
Μύ |
115 |
β |
20 |
β |
β |
β |
135 |
β |
Income tax (expense) benefit |
β |
Μύ |
2 |
β |
(5) |
β |
β |
β |
(3) |
β |
Net earnings (loss) from continuing operations |
β |
Μύ |
117 |
β |
15 |
β |
β |
β |
132 |
β |
Net earnings (loss) from discontinued operations |
β |
β |
β |
β |
β |
β |
(3,002) |
β |
(3,002) |
β |
Net earnings (loss) |
β |
β |
117 |
β |
15 |
β |
(3,002) |
β |
(2,870) |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
β |
β |
β |
β |
(502) |
β |
(502) |
β |
Net earnings (loss) attributable to ΒιΆΉapp stockholders |
β |
$ |
117 |
β |
15 |
β |
(2,500) |
β |
(2,368) |
β |
β
STATEMENT OF OPERATIONS INFORMATION
Nine months ended September 30, 2024
(unaudited)
β
|
|
|
|
|
|
|
|
|
|
|
β |
β |
Attributed (note 1) |
β |
β |
β |
β |
β |
β |
β |
ΒιΆΉapp |
β |
ΒιΆΉapp |
β |
β |
β |
β |
β |
Formula One |
β |
Live |
β |
SiriusXM |
β |
Consolidated |
β |
β |
β |
Group |
β |
Group |
β |
Group |
β |
ΒιΆΉapp |
β |
|
β |
β |
amounts in millions |
β |
Revenue: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Formula 1 revenue |
β |
$ |
2,251 |
β |
β |
β |
β |
β |
2,251 |
β |
Other revenue |
β |
Μύ |
235 |
β |
β |
β |
β |
Μύ |
235 |
β |
Total revenue |
β |
Μύ |
2,486 |
β |
β |
β |
β |
Μύ |
2,486 |
β |
Operating costs and expenses: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Cost of Formula 1 revenue (exclusive of depreciation shown separately below) |
β |
β |
1,472 |
β |
β |
β |
β |
β |
1,472 |
β |
Other cost of sales |
β |
β |
161 |
β |
β |
β |
β |
β |
161 |
β |
Other operating expenses |
β |
Μύ |
8 |
β |
β |
β |
β |
Μύ |
8 |
β |
Selling, general and administrative, including stock-based compensation (note 2) |
β |
Μύ |
295 |
β |
7 |
β |
β |
Μύ |
302 |
β |
Impairment and acquisition costs |
β |
β |
23 |
β |
β |
β |
β |
Μύ |
23 |
β |
Depreciation and amortization |
β |
Μύ |
263 |
β |
β |
β |
β |
Μύ |
263 |
β |
β |
β |
Μύ |
2,222 |
β |
7 |
β |
β |
Μύ |
2,229 |
β |
Operating income (loss) |
β |
Μύ |
264 |
β |
(7) |
β |
β |
Μύ |
257 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(162) |
β |
(22) |
β |
β |
Μύ |
(184) |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
(6) |
β |
181 |
β |
β |
Μύ |
175 |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
86 |
β |
(75) |
β |
β |
Μύ |
11 |
β |
Other, net |
β |
Μύ |
56 |
β |
20 |
β |
β |
Μύ |
76 |
β |
β |
β |
Μύ |
(26) |
β |
104 |
β |
β |
Μύ |
78 |
β |
Earnings (loss) from continuing operations before income taxes |
β |
Μύ |
238 |
β |
97 |
β |
β |
Μύ |
335 |
β |
Income tax (expense) benefit |
β |
Μύ |
(20) |
β |
(21) |
β |
β |
Μύ |
(41) |
β |
Net earnings (loss) from continuing operations |
β |
Μύ |
218 |
β |
76 |
β |
β |
Μύ |
294 |
β |
Net earnings (loss) from discontinued operations |
β |
β |
β |
β |
β |
β |
(2,412) |
β |
(2,412) |
β |
Net earnings (loss) |
β |
β |
218 |
β |
76 |
β |
(2,412) |
β |
(2,118) |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
β |
β |
β |
β |
(410) |
Μύ |
(410) |
β |
Net earnings (loss) attributable to ΒιΆΉapp stockholders |
β |
$ |
218 |
β |
76 |
β |
(2,002) |
Μύ |
(1,708) |
β |
β
STATEMENT OF OPERATIONS INFORMATION
Three months ended September 30, 2023
(unaudited)
β
|
|
|
|
|
|
|
|
|
|
|
|
|
β |
β |
Attributed (note 1) |
β |
β |
β |
β |
β |
β |
β |
β |
ΒιΆΉapp |
β |
ΒιΆΉapp |
β |
β |
β |
β |
β |
β |
β |
Formula One |
β |
Live |
β |
SiriusXM |
β |
Braves |
β |
Consolidated |
β |
β |
β |
Group |
β |
Group |
β |
Group |
β |
Group |
β |
ΒιΆΉapp |
β |
|
β |
β |
amounts in millions |
β |
Revenue: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Formula 1 revenue |
β |
$ |
887 |
β |
β |
β |
β |
β |
β |
β |
887 |
β |
Other revenue |
β |
Μύ |
β |
β |
β |
β |
β |
β |
49 |
β |
49 |
β |
Total revenue |
β |
Μύ |
887 |
β |
β |
β |
β |
β |
49 |
β |
936 |
β |
Operating costs and expenses: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Cost of Formula 1 revenue (exclusive of depreciation shown separately below) |
β |
β |
615 |
β |
β |
β |
β |
β |
β |
β |
615 |
β |
Other operating expenses |
β |
Μύ |
β |
β |
β |
β |
β |
β |
38 |
β |
38 |
β |
Selling, general and administrative, including stock-based compensation (note 2) |
β |
Μύ |
79 |
β |
5 |
β |
β |
β |
9 |
β |
93 |
β |
Depreciation and amortization |
β |
Μύ |
86 |
β |
β |
β |
β |
β |
3 |
β |
89 |
β |
β |
β |
Μύ |
780 |
β |
5 |
β |
β |
β |
50 |
β |
835 |
β |
Operating income (loss) |
β |
Μύ |
107 |
β |
(5) |
β |
β |
β |
(1) |
β |
101 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(56) |
β |
(2) |
β |
(1) |
β |
(3) |
β |
(62) |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
2 |
β |
90 |
β |
50 |
β |
1 |
β |
143 |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
66 |
β |
(72) |
β |
45 |
β |
β |
β |
39 |
β |
Unrealized gains (losses) on intergroup interests (note 1) |
β |
β |
16 |
β |
β |
β |
β |
β |
(20) |
β |
(4) |
β |
Other, net |
β |
Μύ |
14 |
β |
(35) |
β |
1 |
β |
1 |
β |
(19) |
β |
β |
β |
Μύ |
42 |
β |
(19) |
β |
95 |
β |
(21) |
β |
97 |
β |
Earnings (loss) from continuing operations before income taxes |
β |
Μύ |
149 |
β |
(24) |
β |
95 |
β |
(22) |
β |
198 |
β |
Income tax (expense) benefit |
β |
Μύ |
(31) |
β |
5 |
β |
(21) |
β |
1 |
β |
(46) |
β |
Net earnings (loss) from continuing operations |
β |
Μύ |
118 |
β |
(19) |
β |
74 |
β |
(21) |
β |
152 |
β |
Net earnings (loss) from discontinued operations |
β |
β |
β |
β |
β |
β |
291 |
β |
β |
β |
291 |
β |
Net earnings (loss) |
β |
β |
118 |
β |
(19) |
β |
365 |
β |
(21) |
β |
443 |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
β |
β |
β |
β |
58 |
β |
β |
β |
58 |
β |
Net earnings (loss) attributable to ΒιΆΉapp stockholders |
β |
$ |
118 |
β |
(19) |
β |
307 |
β |
(21) |
β |
385 |
β |
β
β
STATEMENT OF OPERATIONS INFORMATION
Nine months ended September 30, 2023
(unaudited)
β
|
|
|
|
|
|
|
|
|
|
|
|
|
β |
β |
β |
Attributed (note 1) |
β |
β |
β |
β |
β |
β |
β |
β |
ΒιΆΉapp |
β |
ΒιΆΉapp |
β |
β |
β |
β |
β |
β |
β |
Formula One |
β |
Live |
β |
SiriusXM |
β |
Braves |
β |
Consolidated |
β |
β |
β |
Group |
β |
Group |
β |
Group |
β |
Group |
β |
ΒιΆΉapp |
β |
|
β |
β |
amounts in millions |
β |
Revenue: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Formula 1 revenue |
β |
$ |
1,992 |
β |
β |
β |
β |
β |
β |
β |
1,992 |
β |
Other revenue |
β |
Μύ |
β |
β |
β |
β |
β |
Μύ |
350 |
β |
350 |
β |
Total revenue |
β |
Μύ |
1,992 |
β |
β |
β |
β |
Μύ |
350 |
β |
2,342 |
β |
Operating costs and expenses: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Cost of Formula 1 revenue (exclusive of depreciation shown separately below) |
β |
β |
1,340 |
β |
β |
β |
β |
β |
β |
β |
1,340 |
β |
Other operating expenses |
β |
Μύ |
β |
β |
β |
β |
β |
Μύ |
274 |
β |
274 |
β |
Selling, general and administrative, including stock-based compensation (note 2) |
β |
Μύ |
223 |
β |
5 |
β |
β |
Μύ |
69 |
β |
297 |
β |
Impairment and acquisition costs |
β |
β |
β |
β |
β |
β |
β |
Μύ |
1 |
β |
1 |
β |
Depreciation and amortization |
β |
Μύ |
254 |
β |
β |
β |
β |
Μύ |
37 |
β |
291 |
β |
β |
β |
Μύ |
1,817 |
β |
5 |
β |
β |
Μύ |
381 |
β |
2,203 |
β |
Operating income (loss) |
β |
Μύ |
175 |
β |
(5) |
β |
β |
Μύ |
(31) |
β |
139 |
β |
Other income (expense): |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Interest expense |
β |
Μύ |
(161) |
β |
(2) |
β |
(4) |
Μύ |
(21) |
β |
(188) |
β |
Share of earnings (losses) of affiliates, net |
β |
Μύ |
(1) |
β |
90 |
β |
127 |
Μύ |
12 |
β |
228 |
β |
Realized and unrealized gains (losses) on financial instruments, net |
β |
Μύ |
83 |
β |
(72) |
β |
(59) |
Μύ |
3 |
β |
(45) |
β |
Unrealized gains (losses) on intergroup interests (note 1) |
β |
β |
15 |
β |
β |
β |
β |
β |
(83) |
β |
(68) |
β |
Other, net |
β |
Μύ |
48 |
β |
(35) |
β |
(6) |
Μύ |
5 |
β |
12 |
β |
β |
β |
Μύ |
(16) |
β |
(19) |
β |
58 |
Μύ |
(84) |
β |
(61) |
β |
Earnings (loss) from continuing operations before income taxes |
β |
Μύ |
159 |
β |
(24) |
β |
58 |
Μύ |
(115) |
β |
78 |
β |
Income tax (expense) benefit |
β |
Μύ |
(35) |
β |
5 |
β |
(13) |
Μύ |
6 |
β |
(37) |
β |
Net earnings (loss) from continuing operations |
β |
Μύ |
124 |
β |
(19) |
β |
45 |
Μύ |
(109) |
β |
41 |
β |
Net earnings (loss) from discontinued operations |
β |
β |
β |
β |
β |
β |
757 |
β |
β |
β |
757 |
β |
Net earnings (loss) |
β |
β |
124 |
β |
(19) |
β |
802 |
β |
(109) |
β |
798 |
β |
Less net earnings (loss) attributable to the noncontrolling interests |
β |
Μύ |
(1) |
β |
β |
β |
146 |
Μύ |
β |
β |
145 |
β |
Net earnings (loss) attributable to ΒιΆΉapp stockholders |
β |
$ |
125 |
β |
(19) |
β |
656 |
Μύ |
(109) |
β |
653 |
β |
β
|
| Condensed Statement of Cash Flows |
STATEMENT OF CASH FLOWS INFORMATION
Nine months ended September 30, 2024
(unaudited)
β
|
|
|
|
|
|
|
|
|
|
|
β |
β |
Attributed (note 1) |
β |
β |
β |
β |
β |
β |
β |
β |
ΒιΆΉapp |
β |
ΒιΆΉapp |
β |
β |
β |
β |
β |
Formula One |
β |
Live |
β |
SiriusXM |
β |
Consolidated |
β |
β |
β |
Group |
β |
Group |
β |
Group |
β |
ΒιΆΉapp |
β |
|
β |
β |
amountsΜύinΜύmillions |
β |
Cash flows from operating activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Net earnings (loss) |
β |
$ |
218 |
β |
76 |
β |
(2,412) |
β |
(2,118) |
β |
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Net (earnings) loss from discontinued operations |
β |
β |
β |
β |
β |
β |
2,412 |
β |
2,412 |
β |
Depreciation and amortization |
β |
Μύ |
263 |
β |
β |
β |
β |
β |
263 |
β |
Stock-based compensation |
β |
Μύ |
24 |
β |
3 |
β |
β |
β |
27 |
β |
Share of (earnings) loss of affiliates, net |
β |
Μύ |
6 |
β |
(181) |
β |
β |
β |
(175) |
β |
Realized and unrealized (gains) losses on financial instruments, net |
β |
Μύ |
(86) |
β |
75 |
β |
β |
β |
(11) |
β |
Deferred income tax expense (benefit) |
β |
Μύ |
22 |
β |
22 |
β |
β |
β |
44 |
β |
Intergroup tax allocation |
β |
β |
(97) |
β |
(1) |
β |
β |
β |
(98) |
β |
Intergroup tax (payments) receipts |
β |
β |
128 |
β |
3 |
β |
β |
β |
131 |
β |
Other, net |
β |
Μύ |
25 |
β |
(4) |
β |
β |
β |
21 |
β |
Changes in operating assets and liabilities |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Current and other assets |
β |
Μύ |
(71) |
β |
β |
β |
β |
β |
(71) |
β |
Payables and other liabilities |
β |
Μύ |
155 |
β |
(4) |
β |
β |
β |
151 |
β |
Net cash provided (used) by operating activities |
β |
Μύ |
587 |
β |
(11) |
β |
β |
β |
576 |
β |
Cash flows from investing activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Investments in equity method affiliates and debt and equity securities |
β |
Μύ |
(7) |
β |
(3) |
β |
β |
β |
(10) |
β |
Cash proceeds from dispositions |
β |
β |
β |
β |
107 |
β |
β |
β |
107 |
β |
Cash (paid) received for acquisitions, net of cash acquired |
β |
β |
(205) |
β |
β |
β |
β |
β |
(205) |
β |
Capital expended for property and equipment, including internal-use software and website development |
β |
Μύ |
(52) |
β |
β |
β |
β |
β |
(52) |
β |
Other investing activities, net |
β |
Μύ |
(13) |
β |
1 |
β |
β |
β |
(12) |
β |
Net cash provided (used) by investing activities |
β |
Μύ |
(277) |
β |
105 |
β |
β |
β |
(172) |
β |
Cash flows from financing activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Borrowings of debt |
β |
Μύ |
644 |
β |
β |
β |
β |
β |
644 |
β |
Repayments of debt |
β |
Μύ |
(671) |
β |
(12) |
β |
β |
β |
(683) |
β |
Issuance of Series C ΒιΆΉapp Formula One common stock |
β |
β |
939 |
β |
β |
β |
β |
β |
939 |
β |
Other financing activities, net |
β |
β |
42 |
β |
1 |
β |
β |
β |
43 |
β |
Net cash provided (used) by financing activities |
β |
Μύ |
954 |
β |
(11) |
β |
β |
β |
943 |
β |
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash |
β |
β |
1 |
β |
β |
β |
β |
β |
1 |
β |
Net cash provided (used) by discontinued operations: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Cash provided (used) by operating activities |
β |
β |
β |
β |
β |
β |
879 |
β |
879 |
β |
Cash provided (used) by investing activities |
β |
β |
β |
β |
β |
β |
(709) |
β |
(709) |
β |
Cash provided (used) by financing activities |
β |
β |
β |
β |
β |
β |
(485) |
β |
(485) |
β |
Net cash provided (used) by discontinued operations |
β |
β |
β |
β |
β |
β |
(315) |
β |
(315) |
β |
Net increase (decrease) in cash, cash equivalents and restricted cash |
β |
Μύ |
1,265 |
β |
83 |
β |
(315) |
β |
1,033 |
β |
Cash, cash equivalents and restricted cash at beginning of period |
β |
Μύ |
1,408 |
β |
305 |
β |
315 |
β |
2,028 |
β |
Cash, cash equivalents and restricted cash at end of period |
β |
$ |
2,673 |
β |
388 |
β |
β |
β |
3,061 |
β |
β
STATEMENT OF CASH FLOWS INFORMATION
Nine months ended September 30, 2023
(unaudited)
β
|
|
|
|
|
|
|
|
|
|
|
|
|
β |
β |
Attributed (note 1) |
β |
β |
β |
β |
β |
β |
β |
β |
ΒιΆΉapp |
β |
ΒιΆΉapp |
β |
β |
β |
β |
β |
β |
β |
Formula One |
β |
Live |
β |
SiriusXM |
β |
Braves |
β |
Consolidated |
β |
β |
β |
Group |
β |
Group |
β |
Group |
β |
Group |
β |
ΒιΆΉapp |
β |
|
β |
β |
amountsΜύinΜύmillions |
β |
Cash flows from operating activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Net earnings (loss) |
β |
$ |
124 |
β |
(19) |
β |
802 |
β |
(109) |
β |
798 |
β |
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Net (earnings) loss from discontinued operations |
β |
β |
β |
β |
β |
β |
(757) |
β |
β |
β |
(757) |
β |
Depreciation and amortization |
β |
Μύ |
254 |
β |
β |
β |
β |
β |
37 |
β |
291 |
β |
Stock-based compensation |
β |
Μύ |
14 |
β |
1 |
β |
β |
β |
7 |
β |
22 |
β |
Share of (earnings) loss of affiliates, net |
β |
Μύ |
1 |
β |
(90) |
β |
(127) |
β |
(12) |
β |
(228) |
β |
Realized and unrealized (gains) losses on financial instruments, net |
β |
Μύ |
(83) |
β |
72 |
β |
59 |
β |
(3) |
β |
45 |
β |
Unrealized (gains) losses on intergroup interests, net |
β |
β |
(15) |
β |
β |
β |
β |
β |
83 |
β |
68 |
β |
Deferred income tax expense (benefit) |
β |
Μύ |
19 |
β |
(4) |
β |
14 |
β |
(5) |
β |
24 |
β |
Intergroup tax allocation |
β |
β |
(135) |
β |
(1) |
β |
(1) |
β |
β |
β |
(137) |
β |
Intergroup tax (payments) receipts |
β |
β |
91 |
β |
β |
β |
β |
β |
(1) |
β |
90 |
β |
Other, net |
β |
Μύ |
6 |
β |
34 |
β |
6 |
β |
4 |
β |
50 |
β |
Changes in operating assets and liabilities |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Current and other assets |
β |
Μύ |
(122) |
β |
(10) |
β |
β |
β |
(34) |
β |
(166) |
β |
Payables and other liabilities |
β |
Μύ |
400 |
β |
14 |
β |
1 |
β |
65 |
β |
480 |
β |
Net cash provided (used) by operating activities |
β |
Μύ |
554 |
β |
(3) |
β |
(3) |
β |
32 |
β |
580 |
β |
Cash flows from investing activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Investments in equity method affiliates and debt and equity securities |
β |
Μύ |
(173) |
β |
β |
β |
β |
β |
β |
β |
(173) |
β |
Cash proceeds from dispositions |
β |
β |
110 |
β |
1 |
β |
β |
β |
β |
β |
111 |
β |
Capital expended for property and equipment, including internal-use software and website development |
β |
Μύ |
(308) |
β |
β |
β |
β |
β |
(35) |
β |
(343) |
β |
Other investing activities, net |
β |
Μύ |
(20) |
β |
β |
β |
β |
β |
β |
β |
(20) |
β |
Net cash provided (used) by investing activities |
β |
Μύ |
(391) |
β |
1 |
β |
β |
β |
(35) |
β |
(425) |
β |
Cash flows from financing activities: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Borrowings of debt |
β |
Μύ |
β |
β |
1,135 |
β |
β |
β |
30 |
β |
1,165 |
β |
Repayments of debt |
β |
Μύ |
(64) |
β |
(918) |
β |
β |
β |
(20) |
β |
(1,002) |
β |
Settlement of intergroup interests |
β |
β |
(273) |
β |
β |
β |
β |
β |
β |
β |
(273) |
β |
Atlanta Braves Holdings, Inc. Split-Off |
β |
β |
β |
β |
β |
β |
β |
β |
(188) |
β |
(188) |
β |
Reclassification |
β |
β |
(100) |
β |
100 |
β |
β |
β |
β |
β |
β |
β |
Other financing activities, net |
β |
β |
11 |
β |
β |
β |
3 |
β |
8 |
β |
22 |
β |
Net cash provided (used) by financing activities |
β |
Μύ |
(426) |
β |
317 |
β |
3 |
β |
(170) |
β |
(276) |
β |
Net cash provided (used) by discontinued operations: |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
β |
Cash provided (used) by operating activities |
β |
β |
β |
β |
β |
β |
1,301 |
β |
β |
β |
1,301 |
β |
Cash provided (used) by investing activities |
β |
β |
β |
β |
β |
β |
(565) |
β |
β |
β |
(565) |
β |
Cash provided (used) by financing activities |
β |
β |
β |
β |
β |
β |
(771) |
β |
β |
β |
(771) |
β |
Net cash provided (used) by discontinued operations |
β |
β |
β |
β |
β |
β |
(35) |
β |
β |
β |
(35) |
β |
Net increase (decrease) in cash, cash equivalents and restricted cash |
β |
Μύ |
(263) |
β |
315 |
β |
(35) |
β |
(173) |
β |
(156) |
β |
Cash, cash equivalents and restricted cash at beginning of period |
β |
Μύ |
1,733 |
β |
NA |
β |
370 |
β |
173 |
β |
2,276 |
β |
Cash, cash equivalents and restricted cash at end of period |
β |
$ |
1,470 |
β |
315 |
β |
335 |
β |
β |
β |
2,120 |
β |
β
|