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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net earnings (loss) $ (713.5) $ 1,110.3
Earnings from discontinued operations 0.0 34.6
Earnings (loss) from continuing operations (713.5) 1,075.7
Adjustments to reconcile earnings (loss) from continuing operations to net cash provided by operating activities of continuing operations:    
Share-based compensation expense 43.8 51.4
Depreciation and amortization 526.9 564.7
Impairment, restructuring and other operating items, net 16.4 9.4
Amortization of deferred financing costs and non-cash interest 13.4 5.9
Realized and unrealized losses (gains) on derivative instruments, net 34.4 (508.3)
Foreign currency transaction losses (gains), net 302.9 (575.0)
Realized and unrealized losses due to changes in fair values of certain investments, net 5.5 93.4
Share of results of affiliates, net 238.6 (230.5)
Deferred income tax expense (benefit) (27.6) 46.9
Changes in operating assets and liabilities, net of the effects of acquisitions and dispositions (133.0) (22.8)
Dividend distributions received from the VodafoneZiggo JV 0.0 94.8
Net cash provided by operating activities of continuing operations 307.8 605.6
Net cash provided by operating activities of discontinued operations 0.0 51.1
Net cash provided by operating activities 307.8 656.7
Cash flows from investing activities:    
Cash paid for investments (3,631.7) (2,200.7)
Cash received from the sale of investments 2,471.8 2,592.5
Capital expenditures, net (377.2) (372.8)
Dividend distributions received from the VMO2 JV 198.3 0.0
Cash paid in connection with acquisitions, net of cash acquired (93.8) 0.0
Other investing activities, net 9.4 (58.4)
Net cash used by investing activities of continuing operations (1,423.2) (39.4)
Net cash used by investing activities of discontinued operations 0.0 (15.6)
Net cash used by investing activities (1,423.2) (55.0)
Cash flows from financing activities:    
Borrowings of debt 1,220.3 0.0
Operating-related vendor financing additions 141.4 133.7
Repayments and repurchases of debt and finance lease obligations:    
Debt (excluding vendor financing) (6.7) (0.7)
Principal payments on operating-related vendor financing (143.5) (208.4)
Principal payments on capital-related vendor financing (104.5) (35.9)
Principal payments on finance leases (2.4) (17.8)
Repurchases of Liberty Global ordinary shares (229.3) (480.6)
Net cash paid related to derivative instruments (62.1) (9.0)
Repurchases by Telenet of its outstanding shares 0.0 (25.7)
Other financing activities, net 0.6 (11.3)
Net cash provided (used) by financing activities of continuing operations 813.8 (655.7)
Net cash used by financing activities of discontinued operations 0.0 (2.6)
Net cash provided (used) by financing activities 813.8 (658.3)
Effect of exchange rate changes on cash and cash equivalents and restricted cash:    
Continuing operations 22.0 (10.5)
Discontinued operations 0.0 0.0
Total 22.0 (10.5)
Net decrease in cash and cash equivalents and restricted cash:    
Continuing operations (279.6) (100.0)
Discontinued operations 0.0 32.9
Total (279.6) (67.1)
Cash and cash equivalents and restricted cash:    
Beginning of period 1,732.4 917.3
Net decrease (279.6) (67.1)
End of period 1,452.8 850.2
Cash paid for interest:    
Continuing operations 284.1 211.4
Discontinued operations 0.0 0.3
Total 284.1 211.7
Net cash paid for taxes:    
Continuing operations 99.0 84.8
Discontinued operations 0.0 7.4
Total $ 99.0 $ 92.2