Liberty Media Corp

Listed Company

FWONACIK 0001560385NasdaqLarge AcceleratedTelevision Broadcasting StationsNevadaFY ends Dec 31

Period

FY 2025

Revenue

$4.48B

Net Income

$555.00M

Total Assets

$15.40B

Equity

$7.76B

Shares Out

—

Op. Cash Flow

$908.00M

Business

Liberty Media Corp owns interests in subsidiaries engaged in media and entertainment, managing live-sport and entertainment franchises. It offers commercial rights and event promotion for Formula 1, hospitality and media production, ticketing and live-event services, and equity investments including a substantial interest in Live Nation. Its principal business segments include the Formula One Group and the Liberty Live Group (attributed tracking stock groups) and equity-method investments. Liberty’s operations and distribution span motorsport events, broadcasters, digital platforms, live venues and sponsorship channels across North America, the U.K. and other international markets.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	4,482	3,653	3,572	3,161	11,400
Selling, general and administrative, including stock-based compensation	514	421	659	393	1,907
Depreciation and amortization	393	352	406	433	1,072
Impairment and acquisition costs	27	105	1	6	—
Total operating costs and expenses	3,905	3,366	3,306	3,016	9,423
Operating income (loss)	577	287	266	145	1,977
Interest expense	−249	−208	−234	−186	—
Realized and unrealized gains (losses) on financial instruments, net	288	−139	44	524	−451
Unrealized gains (losses) on intergroup interests	—	—	−68	19	—
Other, net	117	60	89	101	−47
Total other income (expense)	156	−287	−169	562	−1,188
Earnings (loss) from continuing operations before income taxes	733	−24	97	707	789
Income tax (expense) benefit	−137	−44	−24	202	−45
Net earnings (loss) from continuing operations	596	−44	73	909	—
Net earnings (loss) from discontinued operations	−41	−2,431	889	1,120	—
Net earnings (loss)	555	−2,475	962	2,029	744
Less net earnings (loss) attributable to the noncontrolling interests	—	−412	201	227	—
Net earnings (loss) attributable to Liberty stockholders	555	−2,063	761	1,815	398

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1,055	2,631	1,408	1,884	2,814
Trade and other receivables, net	115	114	123	837	828
Contract assets	114	114	—	—	—
Other current assets	89	163	180	768	1,170
Current assets of discontinued operations	—	326	1,361	—	—
Total current assets	1,373	3,348	3,377	3,851	4,812
Property and equipment, at cost	1,087	1,007	973	4,481	4,027
Accumulated depreciation	−219	−197	−135	−2,226	−2,017
Property and equipment, net	868	810	838	2,255	2,010
Goodwill	7,025	4,134	3,956	4,132	19,248
Intangible assets subject to amortization, net	5,102	2,689	2,858	4,288	4,797
Deferred income tax assets	539	577	772	—	—
Other assets	491	778	612	1,811	2,554
Noncurrent assets of discontinued operations	—	665	28,540	—	—
Total assets	15,398	13,001	41,327	42,464	44,351
Accounts payable and accrued liabilities	575	649	474	1,856	1,832
Current portion of debt	52	26	106	1,679	2,891
Deferred revenue	263	267	247	1,773	1,790
Financial instrument liabilities	—	138	8	—	—
Other current liabilities	49	54	32	102	97
Total current liabilities	939	1,134	4,743	5,410	6,610
Long-term debt, including $597 million and $588 million measured at fair value, respectively	5,048	2,966	4,117	14,953	15,699
Deferred income tax liabilities	656	52	2,086	2,101	2,218
Other liabilities	305	241	188	874	987
Noncurrent liabilities of discontinued operations	—	1,557	12,834	—	—
Total liabilities	6,948	5,950	21,882	23,338	25,514
Redeemable noncontrolling interests in equity of subsidiary	693	—	—	—	—
Preferred stock, $.01 par value. Authorized 50,000,000 shares; no shares issued	—	—	—	—	—
Accumulated other comprehensive earnings (loss), net of taxes	−30	−153	12	−39	−5
Retained earnings	7,785	7,179	15,061	14,589	12,718
Total stockholders' equity	7,757	7,029	16,396	15,963	14,672
Noncontrolling interests in equity of subsidiaries	—	22	3,049	3,163	3,590
Total equity	7,757	7,051	19,445	19,126	18,262
Commitments and contingencies	—	—	—	—	—
Total liabilities and equity	15,398	13,001	41,327	42,464	44,351

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Stock-based compensation	21	30	27	28	256
Non-cash impairment expense	—	73	26	5	24
Deferred income tax expense (benefit)	18	29	15	−150	−41
Intergroup tax allocation	11	−104	−177	−156	—
Intergroup tax (payments) receipts	—	129	121	80	—
Other charges (credits), net	10	28	−2	−16	2
Current and other assets	84	39	12	−97	−104
Payables and other liabilities	63	−104	152	203	−111
Net cash provided (used) by operating activities	908	567	651	578	—
Capital expended for property and equipment, including internal-use software and website development	−119	−75	−461	−309	−440
Cash proceeds from dispositions of investments	26	10	110	101	383
Cash (paid) received for acquisitions, net of cash acquired	−3,267	−205	—	−136	−14
Cash proceeds from foreign currency forward contracts	3,700	—	—	—	—
Cash paid for foreign currency forward contracts	−3,503	—	—	—	—
Investments in equity method affiliates and debt and equity securities	−25	−8	−173	−57	−252
Other investing activities, net	−14	−14	−21	96	−68
Net cash provided (used) by investing activities	−3,202	−292	−545	447	—
Borrowings of debt	1,748	645	30	3,289	6,411
Repayments of debt	−781	−677	−90	−4,787	−6,287
Payment to Liberty Live Holdings, Inc.	−172	—	—	—	—
Issuance of Series C Liberty Formula One common stock	—	939	—	—	—
Settlement of intergroup interests	—	—	−273	−78	—
Split-Off	−89	—	−188	—	—
Reclassification	—	—	−100	—	—
Other financing activities, net	−12	58	16	59	−107
Net cash provided (used) by financing activities	694	965	−605	−1,437	—
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	16	−10	1	—	−3
Cash provided (used) by operating activities	−38	868	1,813	1,968	—
Cash provided (used) by investing activities	—	−604	−695	−493	—
Cash provided (used) by financing activities	−286	−559	−868	−1,711	—
Net cash provided (used) by discontinued operations	−324	−295	250	−236	—
Net increase (decrease) in cash, cash equivalents and restricted cash	−1,908	935	−248	−648	47

Filings

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