Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

v2.4.0.8
Consolidated Statements Of Cash Flows (USD $)
In Millions, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Net earnings (loss) $ 580 $ 1,591 $ 965
Adjustments to reconcile net earnings to net cash provided by operating activities:      
(Earnings) loss from Discontinued operations 0 0 (378)
Depreciation and amortization 943 609 641
Stock-based compensation 178 91 49
Cash payments for stock-based Compensation (10) (12) (3)
Excess tax benefit from stock-based compensation (23) (64) (19)
Noncash interest expense 13 9 9
Share of (earnings) loss of affiliates, net (33) (85) (140)
Cash receipts from return on equity investments 35 45 22
Losses (gains) on disposition of assets, net 2 (1,531) 0
Realized and unrealized gains on financial instruments, net 22 351 (84)
Gains (Losses) on Extinguishment of Debt 57 0 0
Goodwill, Impairment Loss (5) (82)  
Impairment of intangible assets 33 92 0
Deferred income tax expense (136) 13 44
Other noncash charges (credits), net (2) (30) (5)
Intergroup tax allocation 0 0 0
Intergroup tax payments 0 0  
Changes in operating assets and liabilities      
Current and other assets (81) (70) (174)
Payables and other current liabilities (218) 423 (27)
Net cash provided by operating activities 1,360 1,432 900
Cash flows from investing activities:      
Cash proceeds from dispositions 1,137 1,030 0
Proceeds from settlement of financial instruments, net 0 (258) 0
Investments in and loans to cost and equity investees (384) (236) (65)
Capital expended for property and equipment (352) (339) (312)
Payments for (Proceeds from) Short-term Investments   30 46
Payments to Acquire Businesses, Net of Cash Acquired (58) 28 (14)
Payments to Acquire Short-term Investments (1,391) (76) (251)
Net sales of short term investments (726) (46) (205)
Other investing activities, net   14 14
Other investing activities, net (38) (42) 0
Net cash used by investing activities (360) 153 (437)
Cash flows from financing activities:      
Borrowings of debt 4,373 2,316 383
Repayments of debt (5,474) (1,512) (899)
Repurchases of Liberty common stock (1,089) (815) (366)
Proceeds from rights offering 0 328 0
Proceeds from rights offering 27 0 0
Reattribution Of Cash Between Tracking Stocks   0  
Shares repurchased by subsidiary (145) 0 0
Intergroup payments   0 0
Taxes paid in lieu of shares issued for stock-based compensation (38) (128) (5)
Excess tax benefit from stock-based compensation 23 64 19
Other financing activities, net (57) (5) (48)
Net cash used by financing activities (2,380) 248 (916)
Effect of foreign currency exchange rates on cash (24) (20) (4)
Cash provided (used) by operating activities 0 0 304
Cash provided (used) by investing activities 0 0 (104)
Cash provided (used) by financing activities 0 0 (264)
Change in available cash held by discontinued operations 0 0 15
Net cash provided by (to) discontinued operations 0 0 (49)
Net increase in cash and cash equivalents (1,404) 1,813 (506)
Cash and cash equivalents at beginning of period 2,660 847 1,353
Cash and cash equivalents at end of period 1,256 2,660 847
Interactive Group [Member]
      
Net earnings (loss) 483 529 958
Adjustments to reconcile net earnings to net cash provided by operating activities:      
(Earnings) loss from Discontinued operations   0 (378)
Depreciation and amortization 632 596 641
Stock-based compensation 110 85 49
Cash payments for stock-based Compensation (8) (12) (3)
Excess tax benefit from stock-based compensation (13) (56) 19
Noncash interest expense 11 9 4
Share of (earnings) loss of affiliates, net (48) (28) (23)
Cash receipts from return on equity investments 16 11 3
Losses (gains) on disposition of assets, net 1 0  
Realized and unrealized gains on financial instruments, net 12 (51) (75)
Gains (Losses) on Extinguishment of Debt 57    
Impairment of intangible assets 33 92  
Deferred income tax expense (131) (179) (109)
Other noncash charges (credits), net (3) 0 (20)
Intergroup tax allocation 272 152 154
Intergroup tax payments 52 33  
Changes in operating assets and liabilities      
Current and other assets (63) (78) (174)
Payables and other current liabilities (337) 433 (20)
Net cash provided by operating activities 972 1,470 988
Cash flows from investing activities:      
Cash proceeds from dispositions 1 0  
Proceeds from settlement of financial instruments, net   0  
Investments in and loans to cost and equity investees (4) (59) 56
Capital expended for property and equipment (295) (338) (312)
Payments for (Proceeds from) Short-term Investments   46 46
Payments to Acquire Businesses, Net of Cash Acquired (24)    
Payments to Acquire Short-term Investments 0    
Net sales of short term investments 0    
Other investing activities, net   (111) (14)
Other investing activities, net (40)    
Net cash used by investing activities (362) (462) (428)
Cash flows from financing activities:      
Borrowings of debt 3,520 2,316 383
Repayments of debt (3,056) (1,392) (788)
Repurchases of Liberty common stock (1,089) (815) 366
Proceeds from rights offering 2 0  
Proceeds from rights offering 0    
Reattribution Of Cash Between Tracking Stocks   (1,346)  
Shares repurchased by subsidiary 0    
Intergroup payments   162 (208)
Taxes paid in lieu of shares issued for stock-based compensation (21) (112) 5
Excess tax benefit from stock-based compensation 13 56 19
Other financing activities, net (56) (5) (48)
Net cash used by financing activities (687) (1,136) (1,013)
Effect of foreign currency exchange rates on cash (24) (20) (4)
Cash provided (used) by operating activities     304
Cash provided (used) by investing activities     (104)
Cash provided (used) by financing activities     (264)
Change in available cash held by discontinued operations     15
Net cash provided by (to) discontinued operations     (49)
Net increase in cash and cash equivalents (101) (148) (506)
Cash and cash equivalents at beginning of period 699 847 1,353
Cash and cash equivalents at end of period 598 699 847
Ventures Group [Member]
      
Net earnings (loss) 97 1,062 7
Adjustments to reconcile net earnings to net cash provided by operating activities:      
(Earnings) loss from Discontinued operations   0 0
Depreciation and amortization 311 13 0
Stock-based compensation 68 6 0
Cash payments for stock-based Compensation (2) 0 0
Excess tax benefit from stock-based compensation (10) (8) 0
Noncash interest expense 2 0 5
Share of (earnings) loss of affiliates, net 15 (57) (117)
Cash receipts from return on equity investments 19 34 19
Losses (gains) on disposition of assets, net 1 1,531  
Realized and unrealized gains on financial instruments, net 10 402 (9)
Gains (Losses) on Extinguishment of Debt 0    
Impairment of intangible assets 0 0  
Deferred income tax expense (5) 192 153
Other noncash charges (credits), net 1 (30) 15
Intergroup tax allocation (272) (152) (154)
Intergroup tax payments (52) (33)  
Changes in operating assets and liabilities      
Current and other assets (18) 8 0
Payables and other current liabilities 119 (10) (7)
Net cash provided by operating activities 388 (38) (88)
Cash flows from investing activities:      
Cash proceeds from dispositions 1,136 1,030  
Proceeds from settlement of financial instruments, net   (258)  
Investments in and loans to cost and equity investees (380) (177) 9
Capital expended for property and equipment (57) (1) 0
Payments for (Proceeds from) Short-term Investments   (76) 0
Payments to Acquire Businesses, Net of Cash Acquired (34)    
Payments to Acquire Short-term Investments (1,391)    
Net sales of short term investments (726)    
Other investing activities, net   97 0
Other investing activities, net 2    
Net cash used by investing activities 2 615 (9)
Cash flows from financing activities:      
Borrowings of debt 853 0 0
Repayments of debt (2,418) (120) (111)
Repurchases of Liberty common stock 0 0 0
Proceeds from rights offering (2) 328  
Proceeds from rights offering 27    
Reattribution Of Cash Between Tracking Stocks   1,346  
Shares repurchased by subsidiary (145)    
Intergroup payments   (162) 208
Taxes paid in lieu of shares issued for stock-based compensation (17) (16) 0
Excess tax benefit from stock-based compensation 10 8 0
Other financing activities, net (1) 0 0
Net cash used by financing activities (1,693) 1,384 97
Effect of foreign currency exchange rates on cash 0 0 0
Cash provided (used) by operating activities     0
Cash provided (used) by investing activities     0
Cash provided (used) by financing activities     0
Change in available cash held by discontinued operations     0
Net cash provided by (to) discontinued operations     0
Net increase in cash and cash equivalents (1,303) 1,961 0
Cash and cash equivalents at beginning of period 1,961 0 0
Cash and cash equivalents at end of period $ 658 $ 1,961 $ 0