Cash flow generation is highly erratic, evidenced by a swing from a $733.8 million FCF peak in 2025Q3 to a $437.8 million outflow in 2025Q4, reflecting aggressive and lumpy capital deployment.
| Cash from Operations | 647M | -29.45M | -14M | -13M | 1.96B | -25M |
| Operating CF Margin % | - | -7.71% | - | - | - | - |
| Operating CF Growth % | 4010.33% | -110.39% | -7.69% | -100.66% | 7936% | - |
| Net Income | -12.97M | 555M | -33M | -142M | 372M | -358M |
| Depreciation & Amortization | 348M | 393M | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 16M | 21M | 4M | 2M | 0 | 0 |
| Deferred Taxes | 19M | 18M | -8M | -37M | 0 | 0 |
| Other Non-Cash Items | 39M | -1.02B | 23M | 164M | 1.59B | 333M |
| Working Capital Changes | 4M | 451K | 0 | 0 | 0 | 0 |
| Change in Receivables | 0 | -10.32M | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | -3.38M | 0 | 0 | 0 | 0 |
| Cash from Investing | -3.04B | -1.18M | 105M | 1M | -37M | 21M |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 |
| CapEx % of Revenue | 0% | - | - | - | - | - |
| Acquisitions | -3.14B | -3.27B | -3M | 1M | 0 | 0 |
| Investments | - | - | - | - | - | - |
| Other Investing | 86.63M | 3.26B | 1M | 3M | -37M | 21M |
| Cash from Financing | 634M | 165.47M | -71M | 317M | -1.7B | 4M |
| Debt Issued (Net) | 0 | 0 | -71M | 217M | -664M | 0 |
| Equity Issued (Net) | 0 | 0 | -3M | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -3M | 0 | 0 | 0 |
| Other Financing | 634M | 165.47M | 3M | 100M | -1.04B | 4M |
| Net Change in Cash | 1.17B | 220.49M | 20M | 305M | 370M | 0 |
| Free Cash Flow | 647M | -29.45M | -14M | 0 | -8M | -25M |
| FCF Margin % | 29.71% | -7.71% | - | - | - | - |
| FCF Growth % | 499.07% | -110.39% | - | 100% | 68% | - |
| FCF per Share | - | -0.32 | -0.15 | - | -0.09 | -0.27 |
| FCF Conversion (FCF/Net Income) | -49.90x | 0.34x | 0.45x | 0.09x | 1516.25x | 69.83x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 |
Regulatory Antitrust Litigation Exposure
As reported in financial statements, LLYVK exhibits extreme volatility in cash conversion, with the OCF/NI ratio swinging from a negative 8.24 in 2025Q1 to a positive 21.13 in 2025Q3, suggesting that net income is a poor proxy for the company's actual cash-generating capacity.
The wide variance between net income and operating cash flow indicates that non-cash adjustments and equity-method accounting significantly distort the reported bottom line. Investors should monitor whether this disconnect stems from the timing of event-based revenue recognition or the underlying performance of non-consolidated equity stakes.
Based on recent SEC filings, LLYVK's free cash flow trajectory is highly inconsistent, oscillating between a peak of $733.8 million in 2025Q3 and a significant outflow of $437.8 million in 2025Q4, reflecting the lumpy nature of its event-driven business model and capital allocation decisions.
The lack of a stable free cash flow trend suggests that the company's liquidity is heavily dependent on the specific timing of major entertainment events and hospitality cycles. This volatility makes it difficult to rely on FCF as a predictable metric for assessing the company's long-term operational health.
According to the provided cash flow data, capital expenditures as a percentage of revenue reached 9.5% in 2025Q4, highlighting a shift toward higher capital intensity that warrants further investigation into whether these outlays represent necessary maintenance or strategic growth investments in the Quint hospitality platform.
The intermittent nature of capital spending suggests that LLYVK does not maintain a consistent reinvestment cycle, likely due to the project-based requirements of its entertainment assets. Analysts should scrutinize whether these capital outlays are effectively driving incremental returns or merely supporting the existing asset base.
As reported in financial statements, LLYVK has utilized significant cash for acquisitions, including a $3.4 billion outflow in 2025Q3, which indicates a strategy of inorganic growth that may be prioritizing asset accumulation over the preservation of immediate liquidity for shareholders.
The substantial net acquisition activity suggests that management is actively reshaping the portfolio, potentially to consolidate its position in the live entertainment ecosystem. Investors should monitor the return on these large-scale deployments, as they represent a significant departure from the company's historical cash flow profile.
Quick answers to the most common questions about buying LLYVK stock.
Liberty Live Group (LLYVK) generated $-29.5M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Liberty Live Group (LLYVK) reported negative free cash flow of $29.5M in 2025, indicating capital requirements exceeded cash from operations.
Liberty Live Group (LLYVK) spent $0.0M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.