Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Statements Of Cash Flows

v2.4.0.6
Condensed Consolidated Statements Of Cash Flows (USD $)
In Millions, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Net earnings (loss) $ 1,591 $ 965 $ 1,937
Adjustments to reconcile net earnings to net cash provided by operating activities:      
(Earnings) loss from Discontinued operations 0 (378) (1,101)
Depreciation and amortization 609 641 571
Stock-based compensation 91 49 67
Cash payments for stock-based Compensation (12) (3) (20)
Excess tax benefit from stock-based compensation (64) (19) (86)
Noncash interest expense 9 9 90
Share of (earnings) loss of affiliates, net (85) (140) (112)
Cash receipts from return on equity investments 45 22 21
Realized and unrealized gains on financial instruments, net 351 (84) (62)
Intergroup tax payments 0    
Losses (gains) on disposition of assets, net (1,531) 0 (355)
Impairment of intangible assets 92 0 0
Goodwill, Impairment Loss (82)    
Deferred income tax expense 13 44 (62)
Other noncash charges (credits), net (30) (5) 22
Changes in operating assets and liabilities      
Current and other assets (70) (174) 247
Payables and other current liabilities 423 (27) 46
Net cash provided by operating activities 1,432 900 1,203
Cash flows from investing activities:      
Proceeds from Sale of Available-for-sale Securities 1,030    
Cash proceeds from dispositions 1,030 0 459
Proceeds from settlement of financial instruments, net (258) 0 (28)
Investments in and loans to cost and equity investees (236) (65) 0
Intergroup tax allocation 0 0 0
Cash received in exchange transaction 0 0 218
Capital expended for property and equipment (339) (312) (258)
Net sales of short term investments (30) (46) 0
Other investing activities, net (14) (14) (47)
Net cash used by investing activities 153 (437) 344
Cash flows from financing activities:      
Borrowings of debt 2,316 383 2,974
Repayments of debt (1,512) (899) (4,791)
Repurchases of Liberty common stock (815) (366) 0
Proceeds from rights offering 328 0 0
Reattribution Of Cash Between Tracking Stocks 0    
Intergroup payments 0 0 0
Taxes paid in lieu of shares issued for stock-based compensation (128) (5) 0
Excess tax benefit from stock-based compensation 64 19 86
Other financing activities, net (5) (48) (83)
Net cash used by financing activities 248 (916) (1,814)
Effect of foreign currency exchange rates on cash (20) (4) 14
Cash provided (used) by operating activities 0 304 88
Cash provided (used) by investing activities 0 (104) 7
Cash provided (used) by financing activities 0 (264) (1,498)
Change in available cash held by discontinued operations 0 15 1,054
Net cash provided by (to) discontinued operations 0 (49) (349)
Net increase in cash and cash equivalents 1,813 (506) (602)
Cash and cash equivalents at beginning of period 847 1,353 1,955
Cash and cash equivalents at end of period 2,660 847 1,353
Interactive Group [Member]
      
Net earnings (loss) 529 958 1,973
Adjustments to reconcile net earnings to net cash provided by operating activities:      
(Earnings) loss from Discontinued operations   (378) (1,101)
Depreciation and amortization 596 641 571
Stock-based compensation 85 49 67
Cash payments for stock-based Compensation (12) (3) (20)
Excess tax benefit from stock-based compensation (56) (19) 86
Noncash interest expense 9 4 85
Share of (earnings) loss of affiliates, net (28) (23) (8)
Cash receipts from return on equity investments 11 3 2
Realized and unrealized gains on financial instruments, net (51) (75) (117)
Intergroup tax payments 33    
Losses (gains) on disposition of assets, net 0   (355)
Impairment of intangible assets 92    
Deferred income tax expense (179) (109) (144)
Other noncash charges (credits), net 0 (20) 14
Changes in operating assets and liabilities      
Current and other assets (78) (174) 247
Payables and other current liabilities 433 (20) 46
Net cash provided by operating activities 1,470 988 1,288
Cash flows from investing activities:      
Proceeds from Sale of Available-for-sale Securities 0 0  
Cash proceeds from dispositions     459
Proceeds from settlement of financial instruments, net 0   (28)
Investments in and loans to cost and equity investees (59) (56)  
Intergroup tax allocation 152 154 114
Cash received in exchange transaction     218
Capital expended for property and equipment (338) (312) (258)
Net sales of short term investments 46 (46)  
Other investing activities, net (111) (14) (47)
Net cash used by investing activities (462) (428) 344
Cash flows from financing activities:      
Borrowings of debt 2,316 383 2,974
Repayments of debt (1,392) (788) (4,787)
Repurchases of Liberty common stock (815) (366)  
Proceeds from rights offering 0    
Reattribution Of Cash Between Tracking Stocks (1,346)    
Intergroup payments 162 (208) (89)
Taxes paid in lieu of shares issued for stock-based compensation (112) (5)  
Excess tax benefit from stock-based compensation 56 19 86
Other financing activities, net (5) (48) (83)
Net cash used by financing activities (1,136) (1,013) (1,899)
Effect of foreign currency exchange rates on cash (20) (4) 14
Cash provided (used) by operating activities   304 88
Cash provided (used) by investing activities   (104) 7
Cash provided (used) by financing activities   (264) (1,498)
Change in available cash held by discontinued operations   15 1,054
Net cash provided by (to) discontinued operations   (49) (349)
Net increase in cash and cash equivalents (148) (506) (602)
Cash and cash equivalents at beginning of period 847 1,353 1,955
Cash and cash equivalents at end of period 699 847 1,353
Ventures Group [Member]
      
Net earnings (loss) 1,062 7 (36)
Adjustments to reconcile net earnings to net cash provided by operating activities:      
(Earnings) loss from Discontinued operations   0 0
Depreciation and amortization 13 0 0
Stock-based compensation 6 0 0
Cash payments for stock-based Compensation 0 0 0
Excess tax benefit from stock-based compensation (8) 0 0
Noncash interest expense 0 5 5
Share of (earnings) loss of affiliates, net (57) (117) (104)
Cash receipts from return on equity investments 34 19 19
Realized and unrealized gains on financial instruments, net 402 (9) 55
Intergroup tax payments (33)    
Losses (gains) on disposition of assets, net (1,531)   0
Impairment of intangible assets 0    
Deferred income tax expense 192 153 82
Other noncash charges (credits), net (30) 15 8
Changes in operating assets and liabilities      
Current and other assets 8 0 0
Payables and other current liabilities (10) (7) 0
Net cash provided by operating activities (38) (88) (85)
Cash flows from investing activities:      
Proceeds from Sale of Available-for-sale Securities 1,030 0  
Cash proceeds from dispositions     0
Proceeds from settlement of financial instruments, net (258)   0
Investments in and loans to cost and equity investees (177) (9)  
Intergroup tax allocation (152) (154) (114)
Cash received in exchange transaction     0
Capital expended for property and equipment (1) 0 0
Net sales of short term investments (76) 0  
Other investing activities, net 97 0 0
Net cash used by investing activities 615 (9) 0
Cash flows from financing activities:      
Borrowings of debt 0 0 0
Repayments of debt (120) (111) (4)
Repurchases of Liberty common stock 0 0  
Proceeds from rights offering 328    
Reattribution Of Cash Between Tracking Stocks 1,346    
Intergroup payments (162) 208 89
Taxes paid in lieu of shares issued for stock-based compensation (16) 0  
Excess tax benefit from stock-based compensation 8 0 0
Other financing activities, net 0 0 0
Net cash used by financing activities 1,384 97 85
Effect of foreign currency exchange rates on cash 0 0 0
Cash provided (used) by operating activities   0 0
Cash provided (used) by investing activities   0 0
Cash provided (used) by financing activities   0 0
Change in available cash held by discontinued operations   0 0
Net cash provided by (to) discontinued operations   0 0
Net increase in cash and cash equivalents 1,961 0 0
Cash and cash equivalents at beginning of period 0 0 0
Cash and cash equivalents at end of period 1,961 0 0
Interactive Group [Member]
      
Net earnings (loss)   958 1,973
Adjustments to reconcile net earnings to net cash provided by operating activities:      
(Earnings) loss from Discontinued operations   (378) (1,101)
Depreciation and amortization   641 571
Share of (earnings) loss of affiliates, net   (23) (8)
Ventures Group [Member]
      
Net earnings (loss)   7 (36)
Adjustments to reconcile net earnings to net cash provided by operating activities:      
(Earnings) loss from Discontinued operations   0 0
Depreciation and amortization   0 0
Share of (earnings) loss of affiliates, net   (117) (104)
Cash flows from financing activities:      
Proceeds from rights offering 328    
Inter-group Eliminations [Member]
      
Cash flows from financing activities:      
Cash and cash equivalents at end of period $ 0