Liberty Media Corporation (FWONA) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
12300 LIBERTY BOULEVARD ENGLEWOOD, CO 80112 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4833 - Television Broadcasting Stations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,019 | 2,246 | 2,814 | 2,831 | 1,222 | 358 | |||
| Cash and cash equivalents | 2,019 | 2,246 | 2,814 | 2,831 | 1,222 | 358 | |||
| Receivables | 832 | 837 | 828 | 823 | 767 | 364 | |||
| Other current assets | 526 | 768 | 1,170 | 376 | 416 | 360 | |||
| Total current assets: | 3,377 | 3,851 | 4,812 | 4,030 | 2,405 | 1,082 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 315 | 344 | 403 | 465 | ✕ | ||||
| Property, plant and equipment | 2,262 | 2,469 | |||||||
| Long-term investments and receivables | 1,089 | 952 | 945 | 1,018 | 1,625 | 1,641 | |||
| Long-term investments | 1,089 | 952 | 945 | 1,018 | 1,625 | 1,641 | |||
| Intangible assets, net (including goodwill) | 32,879 | 33,595 | 34,030 | 34,581 | 35,884 | 33,775 | |||
| Goodwill | 19,165 | 19,341 | 19,248 | 19,218 | 19,939 | 18,386 | |||
| Intangible assets, net (excluding goodwill) | 13,714 | 14,254 | 14,782 | 15,363 | 15,945 | 15,389 | |||
| Restricted cash and investments | 9 | 8 | 22 | 30 | |||||
| Other noncurrent assets | 1,740 | 1,811 | 2,554 | 2,136 | 2,013 | 583 | |||
| Other undisclosed noncurrent assets | 1,759 | 1,903 | 1,585 | 1,744 | 1,278 | ||||
| Total noncurrent assets: | 37,791 | 38,613 | 39,539 | 39,974 | 41,784 | 39,746 | |||
| TOTAL ASSETS: | 41,168 | 42,464 | 44,351 | 44,004 | 44,189 | 40,828 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 2,010 | 1,856 | 1,832 | 1,583 | 1,621 | 1,116 | |||
| Other undisclosed accounts payable and accrued liabilities | 2,010 | 1,856 | 1,832 | 1,583 | 1,621 | 1,116 | |||
| Deferred revenue | 1,442 | 1,773 | 1,790 | 2,070 | 2,113 | ✕ | |||
| Debt | 1,180 | 1,679 | 2,891 | 743 | 60 | 17 | |||
| Other liabilities | 111 | 102 | 97 | 94 | 94 | 32 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 2,079 | ||
| Total current liabilities: | 4,743 | 5,410 | 6,610 | 4,490 | 3,888 | 3,244 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 14,190 | 15,070 | 16,215 | 17,255 | 16,030 | 13,371 | |||
| Long-term debt, excluding current maturities | 14,180 | 14,953 | 15,699 | 16,686 | 15,416 | 13,371 | |||
| Finance lease, liability | 10 | 117 | 111 | 116 | 119 | ✕ | |||
| Liabilities, other than long-term debt | 1,037 | 1,223 | 987 | 1,101 | 1,047 | 864 | |||
| Other liabilities | 714 | 874 | 987 | 1,101 | 1,047 | 864 | |||
| Operating lease, liability | 323 | 349 | 405 | 453 | 495 | ✕ | |||
| Other undisclosed noncurrent liabilities | 1,753 | 1,635 | 1,702 | 1,557 | 1,299 | 1,651 | |||
| Total noncurrent liabilities: | 16,980 | 17,928 | 18,904 | 19,913 | 18,376 | 15,886 | |||
| Total liabilities: | 21,723 | 23,338 | 25,514 | 24,403 | 22,264 | 19,130 | |||
| Temporary equity, carrying amount | 575 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 16,396 | 15,963 | 14,672 | 15,091 | 16,295 | 16,595 | |||
| Additional paid in capital | 1,317 | 1,408 | 1,954 | 2,688 | 2,575 | 2,984 | |||
| Accumulated other comprehensive income (loss) | 12 | (39) | (5) | 78 | (33) | (38) | |||
| Retained earnings | 15,061 | 14,589 | 12,718 | 12,320 | 13,748 | 13,644 | |||
| Other undisclosed equity, attributable to parent | 6 | 5 | 5 | 5 | 5 | 5 | |||
| Equity, attributable to noncontrolling interest | 3,049 | 3,163 | 3,590 | 4,510 | 5,630 | 5,103 | |||
| Total equity: | 19,445 | 19,126 | 18,262 | 19,601 | 21,925 | 21,698 | |||
| TOTAL LIABILITIES AND EQUITY: | 41,168 | 42,464 | 44,351 | 44,004 | 44,189 | 40,828 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 12,525 | 12,164 | 11,400 | 9,363 | 10,292 | 8,040 | ||
| Cost of revenue | (7,407) | (6,892) | (6,370) | (5,326) | (5,787) | (4,888) | ||
| Gross profit: | 5,118 | 5,272 | 5,030 | 4,037 | 4,505 | 3,152 | ||
| Operating expenses | (3,055) | (3,208) | (3,053) | (3,860) | (3,035) | (1,641) | ||
| Operating income: | 2,063 | 2,064 | 1,977 | 177 | 1,470 | 1,511 | ||
| Nonoperating income (expense) | (878) | 129 | (1,188) | (392) | (306) | 78 | ||
| Investment income, nonoperating | (327) | 609 | (299) | (402) | (315) | |||
| Other nonoperating income (expense) | 93 | 110 | (47) | 10 | 9 | 78 | ||
| Interest and debt expense | (4) | 35 | (80) | (40) | (57) | (1) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (1,180) | (594) | (547) | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 1,181 | 2,228 | 709 | (1,435) | 513 | 1,041 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 4 | (35) | 80 | |||||
| Income (loss) from continuing operations before income taxes: | 1,185 | 2,193 | 789 | (1,435) | 513 | 1,041 | ||
| Income tax expense (benefit) | (223) | (164) | (45) | 44 | (166) | (176) | ||
| Income (loss) from continuing operations: | 962 | 2,029 | 744 | (1,391) | 347 | 865 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 744 | (1,391) | 347 | 865 | |
| Net income (loss): | 962 | 2,029 | 744 | (1,391) | 347 | 865 | ||
| Net loss attributable to noncontrolling interest | (201) | (214) | (292) | (30) | (241) | (334) | ||
| Other undisclosed net loss attributable to parent | (54) | |||||||
| Net income (loss) available to common stockholders, diluted: | 761 | 1,815 | 398 | (1,421) | 106 | 531 | ||
Comprehensive Income ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 962 | 2,029 | 744 | (1,391) | 347 | 865 | ||
| Other comprehensive income (loss) | 52 | (39) | (83) | 113 | 11 | (15) | ||
| Comprehensive income (loss): | 1,014 | 1,990 | 661 | (1,278) | 358 | 850 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (292) | (32) | (247) | (324) | ||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (202) | (209) | (54) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 812 | 1,781 | 315 | (1,310) | 111 | 526 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.