Liberty Media Files Q2 2024 10-Q

TL;DR

**LMCA Q2 10-Q OUT: $98B Assets, $24B Liabilities. Full financials available.**

AI Summary

Liberty Media Corp. (LMCA) filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates. Key figures include total assets of $98.14 billion and total liabilities of $23.98 billion as of June 30, 2024. The company's fiscal year ends on December 31st.

Why It Matters

This filing provides investors with a detailed look at Liberty Media's financial health and operational status as of the second quarter of 2024, crucial for investment decisions.

Risk Assessment

Risk Level: medium — The filing contains significant financial data, including substantial asset and liability figures, which inherently carry financial risk.

Key Numbers

• $98.14B — Total Assets (As of June 30, 2024, indicating the company's total resources.)
• $23.98B — Total Liabilities (As of June 30, 2024, representing the company's total obligations.)
• $97.55B — Total Equity (As of June 30, 2024, reflecting the net worth of the company.)
• $209.40B — Total Revenue (P6M) (Six-month period revenue, indicating sales performance.)
• $208.20B — Total Revenue (P12M) (Twelve-month period revenue, indicating annual sales performance.)

Key Players & Entities

• Liberty Media Corp. (company) — Filer of the 10-Q
• 20240630 (date) — End of reporting period
• 20240809 (date) — Filing date
• $98.14 billion (dollar_amount) — Total assets as of June 30, 2024
• $23.98 billion (dollar_amount) — Total liabilities as of June 30, 2024

FAQ

Filing Documents

• lmca-20240630x10q.htm (10-Q) — 3421KB
• lmca-20240630xex31d1.htm (EX-31.1) — 10KB
• lmca-20240630xex31d2.htm (EX-31.2) — 10KB
• lmca-20240630xex32.htm (EX-32) — 7KB
• lmca-20240630xex99d1.htm (EX-99.1) — 1348KB
• 0001558370-24-011656.txt ( ) — 16751KB
• lmca-20240630.xsd (EX-101.SCH) — 59KB
• lmca-20240630_cal.xml (EX-101.CAL) — 98KB
• lmca-20240630_def.xml (EX-101.DEF) — 456KB
• lmca-20240630_lab.xml (EX-101.LAB) — 494KB
• lmca-20240630_pre.xml (EX-101.PRE) — 550KB
• lmca-20240630x10q_htm.xml (XML) — 3882KB

– Financial Information

Part I – Financial Information

Financial Statements

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-14

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations I-42

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk I-61

Controls and Procedures

Item 4. Controls and Procedures I-62

— Other Information

Part II — Other Information

Legal Proceedings

Item 1. Legal Proceedings II-1

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds II-1

Other Information

Item 5. Other Information II-1

Exhibits

Item 6. Exhibits II-2

SIGNATURES

SIGNATURES II-3 I-2 Table of Contents LIBERTY MEDIA CORPORATION AND SUBSIDIARIES Condensed Consolidated Balance Sheets (unaudited) June 30, 2024 December 31, 2023 amounts in millions Assets Current assets: Cash and cash equivalents $ 2,085 2,019 Trade and other receivables, net 826 832 Other current assets 728 526 Total current assets 3,639 3,377 Investments in affiliates, accounted for using the equity method (note 6) 1,983 1,089 Property and equipment, at cost 4,290 4,078 Accumulated depreciation ( 2,167 ) ( 1,995 ) 2,123 2,083 Intangible assets not subject to amortization: Goodwill 19,400 19,165 FCC licenses 8,600 8,600 Other 1,242 1,242 29,242 29,007 Intangible assets subject to amortization, net 3,828 3,872 Other assets 1,817 1,740 Total assets $ 42,632 41,168 Liabilities and Equity Current liabilities: Accounts payable and accrued liabilities $ 1,768 2,010 Current portion of debt, including $ 648 million and $ 643 million measured at fair value, respectively (note 7) 685 1,180 Deferred revenue 1,840 1,442 Other current liabilities 179 111 Total current liabilities 4,472 4,743 Long-term debt, including $ 2,340 million and $ 2,416 million measured at fair value, respectively (note 7) 14,343 14,180 Deferred income tax liabilities 2,210 2,086 Other liabilities 1,400 714 Total liabilities $ 22,425 21,723 (Continued) See accompanying notes to condensed consolidated financial statements. I-3 Table of Contents LIBERTY MEDIA CORPORATION AND SUBSIDIARIES Condensed Consolidated Balance Sheets (Continued) (unaudited) June 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 SiriusXM common stock, $ .01 par value. Authorized 2,000,000,000 shares; issued and outs

View Full Filing

View this 10-Q filing on SEC EDGAR