FWONK financial statements

The full income statement, balance sheet, and cash-flow statement for Liberty Media Corporation Series C Liberty Formula One (FWONK), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 654.2M2024-09 340.4M2024-12 341.1M2025-03 341.2M2025-06 341.9M2025-09 342.0M2025-12 250.5M2026-03 247.5M2026-06 247.5M-62.2% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	4.48B YoY+22.7%	3.65B YoY+2.3%	3.57B YoY+13.0%	3.16B YoY-72.3%	11.4B YoY+21.8%
Selling, general & administrative	514M YoY+22.1%	421M YoY-36.1%	659M YoY+67.7%	393M YoY-79.4%	1.91B YoY+9.0%
Amortization of intangibles	322M YoY+11.0%	290M YoY-11.3%	327M YoY-9.2%	360M YoY-55.1%	802M YoY-1.6%
Provision for credit losses	4.00M YoY+300.0%	1.00M YoY+0.0%	1.00M YoY-98.3%	59.0M YoY+9.3%	54.0M YoY-11.5%
Operating income	577M YoY+101.0%	287M YoY+7.9%	266M YoY+83.4%	145M YoY-92.7%	1.98B YoY+1016.9%
Interest expense	249M YoY+19.7%	208M YoY-73.4%	782M YoY+13.5%	689M YoY+7.3%	642M YoY+1.3%
Other non-operating income	117M YoY+95.0%	60.0M YoY-32.6%	89.0M YoY-11.9%	101M YoY+314.9%	-47.0M YoY-883.3%
Pre-tax income	733M YoY+3154.2%	-24.0M YoY-124.7%	97.0M YoY-86.3%	707M YoY-10.4%	789M YoY+155.0%
Income tax	137M YoY+211.4%	44.0M YoY+83.3%	24.0M YoY+111.9%	-202M YoY-548.9%	45.0M YoY+202.3%
	555M YoY+126.9%	-2.06B YoY-371.1%	761M YoY-58.1%	1.81B YoY+356.0%	398M YoY+128.0%
Discontinued operations	-41.0M YoY+98.3%	-2.43B YoY-373.5%	889M YoY-20.6%	1.12B	—
Net income to non-controlling interest	—	—	—	—	292M YoY+873.3%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.37B YoY-59.0%	3.35B YoY-0.9%	3.38B YoY-12.3%	3.85B YoY-20.0%	4.81B YoY+19.4%
Cash & equivalents	1.05B YoY-59.9%	2.63B YoY+86.9%	1.41B YoY-25.3%	1.88B YoY-33.0%	2.81B YoY-0.6%
Accounts receivable	115M YoY+0.9%	114M YoY-7.3%	123M YoY-85.3%	837M YoY+1.1%	828M YoY+0.6%
Other current assets	89.0M YoY-45.4%	163M YoY-9.4%	180M YoY-76.6%	768M YoY-34.4%	1.17B YoY+211.2%
	15.4B YoY+18.4%	13.0B YoY-68.5%	41.3B YoY-2.7%	42.5B YoY-4.3%	44.4B YoY+0.8%
Operating lease right-of-use	26.0M YoY-42.2%	45.0M YoY+25.0%	36.0M YoY-89.5%	344M YoY-14.6%	403M YoY-13.3%
Goodwill	7.03B YoY+69.9%	4.13B YoY+4.5%	3.96B YoY-4.3%	4.13B YoY-78.5%	19.2B YoY+0.2%
Intangible assets	5.10B YoY+89.7%	2.69B YoY-5.9%	2.86B YoY-33.3%	4.29B YoY-10.6%	4.80B YoY-10.8%
Deferred tax assets	539M YoY-6.6%	577M YoY-25.3%	772M	—	—
Other non-current assets	491M YoY-36.9%	778M YoY+27.1%	612M YoY-66.2%	1.81B YoY-29.1%	2.55B YoY+19.6%
	939M YoY-17.2%	1.13B YoY-76.1%	4.74B YoY-12.3%	5.41B YoY-18.2%	6.61B YoY+47.2%
Accrued liabilities	575M YoY-11.4%	649M YoY+36.9%	474M YoY-74.5%	1.86B YoY+1.3%	1.83B YoY+15.7%
Deferred revenue	263M YoY-1.5%	267M YoY+8.1%	247M YoY-86.1%	1.77B YoY-0.9%	1.79B YoY-13.5%
Short-term & current debt	52.0M YoY+100.0%	26.0M YoY-75.5%	106M YoY-93.7%	1.68B YoY-41.9%	2.89B YoY+289.1%
Current lease liability	—	—	53.0M YoY+0.0%	53.0M YoY-1.9%	54.0M YoY+0.0%
Other current liabilities	49.0M YoY-9.3%	54.0M YoY+68.8%	32.0M YoY-68.6%	102M YoY+5.2%	97.0M YoY+3.2%
Finance lease liability (current)	—	—	5.00M YoY-28.6%	7.00M YoY+40.0%	5.00M YoY-16.7%
	6.95B YoY+16.8%	5.95B YoY-72.8%	21.9B YoY-6.2%	23.3B YoY-8.5%	25.5B YoY+4.6%
Long-term debt	5.05B YoY+70.2%	2.97B YoY-28.0%	4.12B YoY-72.5%	15.0B YoY-4.8%	15.7B YoY-5.9%
Non-current lease liability	—	—	323M YoY-7.4%	349M YoY-13.8%	405M YoY-10.6%
Operating lease liability (total)	24.0M YoY-45.5%	44.0M YoY+15.8%	38.0M YoY-90.5%	402M YoY-12.4%	459M YoY-9.5%
Finance lease liability (total)	—	—	15.0M YoY-87.9%	124M YoY+6.9%	116M YoY-4.9%
Finance lease liability	—	—	10.0M YoY-91.5%	117M YoY+5.4%	111M YoY-4.3%
Other non-current liabilities	305M YoY+26.6%	241M YoY+28.2%	188M YoY-78.5%	874M YoY-11.4%	987M YoY-10.4%
	7.76B YoY+10.4%	7.03B YoY-57.1%	16.4B YoY+2.7%	16.0B YoY+8.8%	14.7B YoY-2.8%
Additional paid-in capital	—	—	1.32B YoY-6.5%	1.41B YoY-27.9%	1.95B YoY-27.3%
Retained earnings	7.79B YoY+8.4%	7.18B YoY-52.3%	15.1B YoY+3.2%	14.6B YoY+14.7%	12.7B YoY+3.2%
Accumulated other comprehensive income	-30.0M YoY+80.4%	-153M YoY-1375.0%	12.0M YoY+130.8%	-39.0M YoY-680.0%	-5.00M YoY-106.4%
Non-controlling interest	—	22.0M YoY-99.3%	3.05B YoY-3.6%	3.16B YoY-11.9%	3.59B YoY-20.4%
Total equity incl. non-controlling	7.76B YoY+10.0%	7.05B YoY-63.7%	19.4B YoY+1.7%	19.1B YoY+4.7%	18.3B YoY-6.8%
Total liabilities & equity	15.4B YoY+18.4%	13.0B YoY-68.5%	41.3B YoY-2.7%	42.5B YoY-4.3%	44.4B YoY+0.8%
	250M YoY-26.6%	341M	—	613M YoY-0.9%	619M YoY-0.6%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	908M YoY+60.1%	567M YoY-77.0%	2.46B YoY-3.2%	2.55B YoY+4.5%	2.44B YoY+40.9%
Depreciation & amortization	393M YoY+11.6%	352M YoY-13.3%	406M YoY-6.2%	433M YoY-59.6%	1.07B YoY-1.0%
Intangible amortization	322M YoY+11.0%	290M YoY-11.3%	327M YoY-9.2%	360M YoY-55.1%	802M YoY-1.6%
Share-based compensation	21.0M YoY-30.0%	30.0M YoY+11.1%	27.0M YoY-3.6%	28.0M YoY-89.1%	256M YoY-1.9%
Deferred income taxes	18.0M YoY-37.9%	29.0M YoY+93.3%	15.0M YoY+110.0%	-150M YoY-265.9%	-41.0M YoY+56.8%
	—	—	-1.24B YoY-2595.7%	-46.0M YoY+93.3%	-689M YoY+6.4%
Capital expenditure	119M YoY+58.7%	75.0M YoY-83.7%	461M YoY+49.2%	309M YoY-29.8%	440M YoY-2.7%
Free cash flow	789M YoY+60.4%	492M YoY-75.4%	2.00B YoY-10.5%	2.24B YoY+12.0%	2.00B YoY+56.3%
Acquisitions	3.27B YoY+1493.7%	205M	0.00 YoY-100.0%	136M YoY+871.4%	14.0M
Purchases of investments	25.0M YoY+212.5%	8.00M YoY-95.4%	173M YoY+203.5%	57.0M YoY-77.4%	252M YoY+123.0%
Other investing activities	14.0M YoY+0.0%	14.0M YoY-33.3%	21.0M YoY+121.9%	-96.0M YoY-241.2%	68.0M YoY+655.6%
	—	—	-1.47B YoY+53.2%	-3.15B YoY-85.4%	-1.70B YoY-395.8%
Long-term debt issued	1.75B YoY+171.0%	645M YoY+2050.0%	30.0M YoY-99.1%	3.29B YoY-48.7%	6.41B YoY+30.9%
Long-term debt repaid	781M YoY+15.4%	677M YoY+652.2%	90.0M YoY-98.1%	4.79B YoY-23.9%	6.29B YoY+114.5%
Common stock issued	0.00 YoY-100.0%	939M	0.00	0.00	0.00 YoY-100.0%
Common stock repurchased	0.00	0.00	0.00 YoY-100.0%	37.0M YoY-93.3%	555M YoY+74.5%
Dividends paid	0.00	0.00	0.00	0.00	0.00
Other financing activities	-12.0M YoY-120.7%	58.0M YoY+262.5%	16.0M YoY-72.9%	59.0M YoY+155.1%	-107M YoY-18.9%
FX effect on cash	—	—	—	—	-3.00M YoY-200.0%
Net change in cash	-1.91B YoY-304.1%	935M YoY+477.0%	-248M YoY+61.7%	-648M YoY-1478.7%	47.0M YoY-97.0%
Interest paid	232M YoY+23.4%	188M YoY-13.8%	218M YoY+29.0%	169M YoY-72.2%	607M YoY+5.4%
Income taxes paid	123M YoY+1.7%	121M YoY-23.9%	159M YoY+57.4%	101M YoY+4.1%	97.0M YoY+102.1%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	24.7B YoY-21.9%	31.6B YoY-23.3%	41.2B YoY+14.4%	36.0B YoY-6.4%	38.5B YoY+47.6%
P/E	44.5×	—	33.9× YoY-3.8%	35.3× YoY-63.6%	96.8×
P/S	5.5× YoY-36.4%	8.7×	—	2.9× YoY-12.9%	3.4× YoY+21.2%
P/B	3.2× YoY-29.3%	4.5× YoY+77.3%	2.5× YoY+8.0%	2.3× YoY-10.5%	2.6× YoY+51.8%
P/FCF	31.3× YoY-51.3%	64.2× YoY+303.7%	15.9× YoY-21.0%	20.1× YoY+4.4%	19.3× YoY-5.5%
	2.2%	—	2.9% YoY+3.9%	2.8% YoY+174.5%	1.0%
	3.2% YoY+105.4%	1.6% YoY-75.2%	6.3% YoY+26.6%	5.0% YoY-4.2%	5.2% YoY+5.9%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: FWONK's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all FWONK filings on SEC EDGAR → Not investment advice.