Liberty Media Corp
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
FWONK$108.01+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
| | | |
|---|---|---|
| Part I – Financial Information | | |
| Item 1. Financial Statements | | |
| LIBERTY MEDIA CORPORATION AND SUBSIDIARIES Condensed Consolidated Balance Sheets (unaudited) | I-3 | |
| LIBERTY MEDIA CORPORATION AND SUBSIDIARIES Condensed Consolidated Statements of Operations (unaudited) | I-5 | |
| LIBERTY MEDIA CORPORATION AND SUBSIDIARIES Condensed Consolidated Statements of Comprehensive Earnings (Loss) (unaudited) | I-7 | |
| LIBERTY MEDIA CORPORATION AND SUBSIDIARIES Condensed Consolidated Statements of Cash Flows (unaudited) | I-8 | |
| LIBERTY MEDIA CORPORATION AND SUBSIDIARIES Condensed Consolidated Statements of Equity (unaudited) | I-10 | |
| LIBERTY MEDIA CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (unaudited) | I-12 | |
| | | |
| | Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations | I-34 |
| | Item 3. Quantitative and Qualitative Disclosures about Market Risk | I-46 |
| | Item 4. Controls and Procedures | I-47 |
| | | |
| Part II — Other Information | | |
| | Item 1. Legal Proceedings | II-1 |
| | Item 1A. Risk Factors | II-1 |
| | Item 2. Unregistered Sales of Equity Securities and Use of Proceeds | II-10 |
| | Item 5. Other Information | II-10 |
| | Item 6. Exhibits | II-11 |
| | | |
| SIGNATURES | II-12 |
Condensed Consolidated Balance Sheets
| | | | | | |
|---|---|---|---|---|---|
| · September 30, 2024 · December 31, 2023 | |||||
| | amounts in millions | ||||
| Assets | | | | | |
| Current assets: | | | | | |
| Cash and cash equivalents | $3,054 | 1,713 | | ||
| Trade and other receivables, net | 122 | 123 | | ||
| Other current assets | 503 | 180 | | ||
| Current assets of discontinued operations (note 2) | | — | | 1,361 | |
| Total current assets | 3,679 | 3,377 | | ||
| Investments in affiliates, accounted for using the equity method (note 7) | 483 | 374 | | ||
| | | | | | |
| Property and equipment, at cost | 1,010 | 973 | | ||
| Accumulated depreciation | (183) | (135) | | ||
| | 827 | 838 | | ||
| | | | | | |
| Goodwill | 4,192 | 3,956 | | ||
| Intangible assets subject to amortization, net | 2,757 | 2,858 | | ||
| Other assets | 1,270 | 1,384 | | ||
| Noncurrent assets of discontinued operations (note 2) | | — | | 28,540 | |
| Total assets | $13,208 | 41,327 | | ||
| | | | | | |
| Liabilities and Equity | | | | | |
| Current liabilities: | | | | | |
| Accounts payable and accrued liabilities | $404 | 474 | | ||
| Current portion of debt, including $55 million and $69 million measured at fair value, respectively (note 8) | | 76 | | 106 | |
| Deferred revenue | 756 | 247 | | ||
| Other current liabilities | 37 | 40 | | ||
| Current liabilities of discontinued operations (note 2) | | — | | 3,876 | |
| Total current liabilities | 1,273 | 4,743 | | ||
| Long-term debt, including $1,902 million and $1,728 million measured at fair value, respectively (note 8) | 4,289 | 4,117 | | ||
| Other liabilities | 187 | 188 | | ||
| Noncurrent liabilities of discontinued operations (note 2) | | — | | 12,834 | |
| Total liabilities | $5,749 | 21,882 | | ||
(Continued)
Condensed Consolidated Balance Sheets (Continued)
| | | | | | | |
|---|---|---|---|---|---|---|
| · September 30, 2024 · December 31, 2023 | ||||||
| · · amounts in millions, | ||||||
| | | except share amounts | ||||
| Stockholders' equity: | | | | | | |
| Preferred stock, $.01 par value. Authorized 50,000,000 shares; no shares issued | | $— | — | | ||
| Series A Liberty Formula One common stock, $.01 par value. Authorized 500,000,000 shares; issued and outstanding 23,985,441 shares at September 30, 2024 and 23,981,960 shares at December 31, 2023 (note 3) | | | — | | — | |
| Series A Liberty Live common stock, $.01 par value. Authorized 521,400,000 shares; issued and outstanding 25,561,195 shares at September 30, 2024 and 25,558,577 shares at December 31, 2023 (note 3) | | | — | | — | |
| Series A Liberty SiriusXM common stock, $.01 par value. Authorized 2,000,000,000 shares at December 31, 2023; issued and outstanding 98,134,522 shares at December 31, 2023 (note 3) | | | NA | | 1 | |
| Series B Liberty Formula One common stock, $.01 par value. Authorized 18,750,000 shares; issued and outstanding 2,434,102 shares at September 30, 2024 and 2,437,583 shares at December 31, 2023 (note 3) | | | — | | — | |
| Series B Liberty Live common stock, $.01 par value. Authorized 19,552,500 shares; issued and outstanding 2,543,441 shares at September 30, 2024 and 2,546,146 shares at December 31, 2023 (note 3) | | | — | | — | |
| Series B Liberty SiriusXM common stock, $.01 par value. Authorized 75,000,000 shares at December 31, 2023; issued and outstanding 9,761,336 shares at December 31, 2023 (note 3) | | | NA | | — | |
| Series C Liberty Formula One common stock, $.01 par value. Authorized 500,000,000 shares; issued and outstanding 222,236,393 shares at September 30, 2024 and 208,196,119 shares at December 31, 2023 (note 3) | | | 2 | | 2 | |
| Series C Liberty Live common stock, $.01 par value. Authorized 521,400,000 shares; issued and outstanding 63,631,315 shares at September 30, 2024 and 63,589,030 shares at December 31, 2023 (note 3) | | | 1 | | 1 | |
| Series C Liberty SiriusXM common stock, $.01 par value. Authorized 2,000,000,000 shares at December 31, 2023; issued and outstanding 218,692,718 shares at December 31, 2023 (note 3) | | | NA | | 2 | |
| Additional paid-in capital | | — | 1,317 | | ||
| Accumulated other comprehensive earnings (loss), net of taxes | | (87) | 12 | | ||
| Retained earnings | | 7,520 | 15,061 | | ||
| Total stockholders' equity | | 7,436 | 16,396 | | ||
| Noncontrolling interests in equity of subsidiaries | | 23 | 3,049 | | ||
| Total equity | | 7,459 | 19,445 | | ||
| Commitments and contingencies (note 9) | | | | | | |
| Total liabilities and equity | | $13,208 | 41,327 | | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.