Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.28B | $7.59B | $8.04B | $10.3B | $9.36B | $11.4B | $3.16B | $3.57B | $3.65B | $4.48B |
| Revenue growth | — | 43.9% | 5.9% | 28.0% | -9.0% | 21.8% | -72.3% | 13.0% | 2.3% | 22.7% |
| Operating income | $1.73B | $1.39B | $1.51B | $1.47B | $177M | $1.98B | $145M | $266M | $287M | $577M |
| Operating margin | 32.9% | 18.4% | 18.8% | 14.3% | 1.9% | 17.3% | 4.6% | 7.4% | 7.9% | 12.9% |
| Net income | $680M | $1.35B | $531M | $106M | -$1.42B | $398M | $1.81B | $761M | -$2.06B | $555M |
| Net margin | 12.9% | 17.8% | 6.6% | 1.0% | -15.2% | 3.5% | 57.4% | 21.3% | -56.5% | 12.4% |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.17B | $1.73B | $2.16B | $2.31B | $1.73B | $2.44B | $578M | $651M | $567M | $908M |
| Capital expenditures | $568M | $517M | $403M | $510M | $452M | $440M | $309M | $461M | $75.0M | $119M |
| Free cash flow | $1.60B | $1.22B | $1.75B | $1.80B | $1.28B | $2.00B | $269M | $190M | $492M | $789M |
| Share buybacks | — | — | $466M | $443M | $318M | $555M | $37.0M | — | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $562M | $1.03B | $358M | $1.22B | $2.83B | $2.81B | $1.88B | $1.41B | $2.63B | $1.05B |
| Total assets | $31.4B | $42.0B | $40.8B | $44.2B | $44.0B | $44.4B | $42.5B | $41.3B | $13.0B | $15.4B |
| Total liabilities | $13.7B | $19.4B | $19.1B | $22.3B | $24.4B | $25.5B | $23.3B | $21.9B | $5.95B | $6.95B |
| Long-term debt | $8.01B | $13.2B | $13.4B | $15.4B | $16.7B | $15.7B | $15.0B | $4.12B | $2.97B | $5.05B |
| Shareholders' equity | $11.8B | $16.9B | $16.6B | $16.3B | $15.1B | $14.7B | $16.0B | $16.4B | $7.03B | $7.76B |
| Retained earnings | $11.7B | $13.1B | $13.6B | $13.7B | $12.3B | $12.7B | $14.6B | $15.1B | $7.18B | $7.79B |
Every figure is extracted from Liberty Media Corp’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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