Exhibit 99.1

Unaudited Attributed Financial Information for Tracking Stock Groups

The following tables present our assets and liabilities as of September 30, 2019 and revenue and expenses for the three and nine months ended September 30, 2019 and 2018 and cash flows for the nine months ended September 30, 2019 and 2018. The tables further present our assets, liabilities, revenue, expenses and cash flows that are intended to be attributed to the Liberty SiriusXM Group, Liberty Braves Group (“Braves Group”) and the Liberty Formula One Group (“Formula One Group”), respectively. The financial information should be read in conjunction with our condensed consolidated financial statements for the nine months ended September 30, 2019 included in this Quarterly Report on Form 10-Q.

Notwithstanding the following attribution of assets, liabilities, revenue, expenses and cash flows to the Liberty SiriusXM Group, Braves Group and the Formula One Group, our tracking stock capital structure does not affect the ownership or the respective legal title to our assets or responsibility for our liabilities. We and our subsidiaries are each responsible for our respective liabilities. Holders of Liberty SiriusXM common stock, Liberty Braves common stock and Liberty Formula One common stock are holders of our common stock and are subject to risks associated with an investment in our company and all of our businesses, assets and liabilities. The issuance of Liberty SiriusXM common stock, Liberty Braves and Liberty Formula One common stock does not affect the rights of our creditors.

1

SUMMARY ATTRIBUTED FINANCIAL DATA

Liberty SiriusXM Group

Summary Balance Sheet Data:

September 30,

December 31,

2019

2018

amounts in millions

Cash and cash equivalents

$

133

91

Investments in affiliates, accounted for using the equity method

$

638

629

Intangible assets not subject to amortization

$

25,678

23,781

Intangible assets subject to amortization, net

$

1,632

942

Total assets

$

31,004

28,292

Deferred revenue

$

1,938

1,932

Long-term debt, including current portion

$

8,857

7,858

Deferred tax liabilities

$

1,856

1,673

Attributed net assets

$

10,735

10,599

Noncontrolling interest

$

5,666

5,108

Summary Statement of Operations Data:

Three months ended

Nine months ended

September 30,

September 30,

2019

2018

2019

2018

amounts in millions

Revenue

$

2,011

1,468

5,732

4,275

Cost of services (1)

$

(880)

(565)

(2,510)

(1,736)

Other operating expenses (1)

$

(78)

(31)

(206)

(89)

Selling, general and administrative expense (1)

$

(363)

(214)

(1,050)

(640)

Operating income (loss)

$

454

455

1,174

1,184

Interest expense

$

(115)

(95)

(326)

(291)

Income tax (expense) benefit

$

(63)

(30)

(251)

(170)

Net earnings (loss) attributable to noncontrolling interests

$

68

98

175

263

Earnings (loss) attributable to Liberty stockholders

$

140

185

368

550

(1)Includes stock-based compensation expense as follows:

Three months ended

Nine months ended

September 30,

September 30,

2019

2018

2019

2018

amounts in millions

Cost of services

$

10

5

29

28

Other operating expenses

15

5

37

13

Selling, general and administrative expense

41

25

117

76

$

66

35

183

117

2

Braves Group

Summary Balance Sheet Data:

September 30,

December 31,

2019

2018

amounts in millions

Cash and cash equivalents

$

142

107

Property and equipment, net

$

766

1,041

Investments in affiliates, accounted for using the equity method

$

104

92

Intangible assets not subject to amortization

$

323

323

Intangible assets subject to amortization, net

$

35

37

Total assets

$

1,594

1,805

Deferred revenue

$

52

54

Long-term debt, including current portion

$

535

491

Deferred tax liabilities

$

78

69

Attributed net assets

$

426

446

Summary Statement of Operations Data:

Three months ended

Nine months ended

September 30,

September 30,

2019

2018

2019

2018

amounts in millions

Revenue

$

212

200

442

410

Selling, general and administrative expense (1)

$

(26)

(26)

(77)

(72)

Operating income (loss)

$

21

45

6

29

Share of earnings (losses) of affiliates, net

$

4

2

13

8

Unrealized gains (losses) on intergroup interest

$

2

(13)

(26)

(46)

Income tax (expense) benefit

$

(7)

12

(1)

11

Earnings (loss) attributable to Liberty stockholders

$

12

41

(33)

(13)

(1)Includes stock-based compensation of $4 million and $4 million for the three months ended September 30, 2019 and 2018, respectively, and $13 million and $9 million for the nine months ended September 30, 2019 and 2018, respectively.

3

Formula One Group

Summary Balance Sheet Data:

September 30,

December 31,

2019

2018

amounts in millions

Cash and cash equivalents

$

419

160

Investments in affiliates, accounted for using the equity method

$

956

920

Intangible assets not subject to amortization

$

3,956

3,956

Intangible assets subject to amortization, net

$

4,412

4,736

Total assets

$

11,361

10,957

Long-term debt, including current portion

$

5,329

5,039

Attributed net assets

$

5,356

5,550

Summary Statement of Operations Data:

Three months ended

Nine months ended

September 30,

September 30,

2019

2018

2019

2018

amounts in millions

Revenue

$

633

647

1,499

1,346

Cost of Formula 1 revenue

$

(434)

(450)

(1,023)

(945)

Selling, general and administrative expense (1)

$

(51)

(48)

(148)

(137)

Operating income (loss)

$

32

31

(12)

(81)

Interest expense

$

(48)

(49)

(149)

(143)

Share of earnings (losses) of affiliates, net

$

58

58

74

66

Realized and unrealized gains (losses) on financial instruments, net

$

26

19

(171)

110

Unrealized gains (losses) on intergroup interest

$

(2)

13

26

46

Income tax (expense) benefit

$

(28)

(34)

26

25

Earnings (loss) attributable to Liberty stockholders

$

41

42

(184)

34

(1)Includes stock-based compensation of $6 million and $7 million for the three months ended September 30, 2019 and 2018, respectively, and $21 million and $19 million for the nine months ended September 30, 2019 and 2018, respectively.

4

BALANCE SHEET INFORMATION

September 30, 2019

(unaudited)

Attributed (note 1)

Liberty

SiriusXM

Braves

Formula One

Inter-Group

Consolidated

    

Group

Group

Group

Eliminations

Liberty

    

amounts in millions

Assets

Current assets:

Cash and cash equivalents

$

133

142

419

694

 

Trade and other receivables, net

 

632

49

97

778

 

Other current assets

 

225

102

137

464

 

Total current assets

 

990

293

653

1,936

 

Intergroup interest in the Liberty Braves Group (note 1)

252

(252)

Investments in affiliates, accounted for using the equity method (note 1)

 

638

104

956

1,698

 

Property and equipment, at cost

 

2,639

883

192

3,714

 

Accumulated depreciation

 

(1,275)

(117)

(92)

(1,484)

 

 

1,364

766

100

2,230

 

Intangible assets not subject to amortization

Goodwill

 

15,816

180

3,956

19,952

 

FCC licenses

 

8,600

8,600

 

Other

 

1,262

143

1,405

 

 

25,678

323

3,956

29,957

 

Intangible assets subject to amortization, net

 

1,632

35

4,412

6,079

 

Other assets

 

702

73

1,032

(62)

1,745

 

Total assets

$

31,004

1,594

11,361

(314)

43,645

 

Liabilities and Equity

Current liabilities:

Intergroup payable (receivable) (note 3)

$

4

(7)

3

Accounts payable and accrued liabilities

1,240

 

57

240

1,537

Deferred revenue

 

1,938

 

52

245

2,235

Other current liabilities

 

74

 

17

19

110

Total current liabilities

 

3,256

 

119

507

3,882

Long-term debt (note 1)

 

8,857

 

521

5,329

14,707

Deferred income tax liabilities

 

1,856

 

78

(62)

1,872

Redeemable intergroup interest (note 1)

252

(252)

Other liabilities

 

634

 

206

166

1,006

Total liabilities

 

14,603

 

1,176

6,002

(314)

21,467

Equity / Attributed net assets

 

10,735

 

426

5,356

16,517

Noncontrolling interests in equity of subsidiaries

 

5,666

 

(8)

3

5,661

Total liabilities and equity

$

31,004

 

1,594

11,361

(314)

43,645

5

STATEMENT OF OPERATIONS INFORMATION

Three months ended September 30, 2019

(unaudited)

Attributed (note 1)

Liberty

SiriusXM

Braves

Formula One

Consolidated

Group

Group

Group

Liberty

amounts in millions

Revenue:

SIRIUS XM Holdings revenue

$

2,011

 

2,011

Formula 1 revenue

633

633

Other revenue

 

 

212

212

Total revenue

 

2,011

 

212

633

2,856

Operating costs and expenses, including stock-based compensation (note 2):

Cost of services (exclusive of depreciation shown separately below):

Revenue share and royalties

 

592

 

592

Programming and content

 

116

 

116

Customer service and billing

 

120

 

120

Other

 

52

 

52

Cost of Formula 1 revenue

434

434

Subscriber acquisition costs

 

101

 

101

Other operating expenses

 

78

 

145

223

Selling, general and administrative

 

363

 

26

51

440

Depreciation and amortization

 

135

 

20

116

271

 

1,557

 

191

601

2,349

Operating income (loss)

 

454

 

21

32

507

Other income (expense):

Interest expense

 

(115)

 

(6)

(48)

(169)

Share of earnings (losses) of affiliates, net

 

(7)

 

4

58

55

Realized and unrealized gains (losses) on financial instruments, net

 

(10)

 

(2)

26

14

Unrealized gains (losses) on intergroup interest (note 1)

2

(2)

Other, net

 

(51)

 

4

(47)

 

(183)

 

(2)

38

(147)

Earnings (loss) before income taxes

 

271

 

19

70

360

Income tax (expense) benefit

 

(63)

 

(7)

(28)

(98)

Net earnings (loss)

 

208

 

12

42

262

Less net earnings (loss) attributable to the noncontrolling interests

 

68

 

1

69

Net earnings (loss) attributable to Liberty stockholders

$

140

 

12

41

193

6

STATEMENT OF OPERATIONS INFORMATION

Three months ended September 30, 2018

(unaudited)

Attributed (note 1)

Liberty

SiriusXM

Braves

Formula One

Consolidated

Group

Group

Group

Liberty

amounts in millions

Revenue:

SIRIUS XM Holdings revenue

$

1,468

 

1,468

Formula 1 revenue

647

647

Other revenue

 

 

200

200

Total revenue

 

1,468

 

200

647

2,315

Operating costs and expenses, including stock-based compensation (note 2):

Cost of services (exclusive of depreciation shown separately below):

Revenue share and royalties

 

343

 

343

Programming and content

 

97

 

97

Customer service and billing

 

95

 

95

Other

 

30

 

30

Cost of Formula 1 revenue

450

450

Subscriber acquisition costs

 

110

110

Other operating expenses

 

31

 

106

137

Selling, general and administrative

 

214

 

26

48

288

Depreciation and amortization

 

93

 

23

118

234

 

1,013

 

155

616

1,784

Operating income (loss)

 

455

 

45

31

531

Other income (expense):

Interest expense

 

(95)

 

(6)

(49)

(150)

Share of earnings (losses) of affiliates, net

 

(2)

 

2

58

58

Realized and unrealized gains (losses) on financial instruments, net

 

(51)

 

1

19

(31)

Unrealized gains (losses) on intergroup interest (note 1)

(13)

13

Other, net

 

6

 

4

10

 

(142)

 

(16)

45

(113)

Earnings (loss) before income taxes

 

313

 

29

76

418

Income tax (expense) benefit

 

(30)

 

12

(34)

(52)

Net earnings (loss)

 

283

 

41

42

366

Less net earnings (loss) attributable to the noncontrolling interests

 

98

 

98

Net earnings (loss) attributable to Liberty stockholders

$

185

 

41

42

268

7

STATEMENT OF OPERATIONS INFORMATION

Nine months ended September 30, 2019

(unaudited)

Attributed (note 1)

Liberty

SiriusXM

Braves

Formula One

Consolidated

Group

Group

Group

Liberty

amounts in millions

Revenue:

SIRIUS XM Holdings revenue

$

5,732

 

5,732

Formula 1 revenue

1,499

1,499

Other revenue

 

 

442

442

Total revenue

 

5,732

 

442

1,499

7,673

Operating costs and expenses, including stock-based compensation (note 2):

Cost of subscriber services (exclusive of depreciation shown separately below):

Revenue share and royalties

 

1,684

 

1,684

Programming and content

 

338

 

338

Customer service and billing

 

352

 

352

Other

 

136

 

136

Cost of Formula 1 revenue

1,023

1,023

Subscriber acquisition costs

 

313

 

313

Other operating expenses

 

206

 

305

511

Selling, general and administrative

 

1,050

 

77

148

1,275

Acquisition and other related costs

83

 

83

Depreciation and amortization

 

396

 

54

340

790

 

4,558

 

436

1,511

6,505

Operating income (loss)

 

1,174

 

6

(12)

1,168

Other income (expense):

Interest expense

 

(326)

 

(20)

(149)

(495)

Share of earnings (losses) of affiliates, net

 

(18)

 

13

74

69

Realized and unrealized gains (losses) on financial instruments, net

 

6

 

(6)

(171)

(171)

Unrealized gains (losses) on intergroup interest (note 1)

(26)

26

Other, net

 

(42)

 

1

23

(18)

 

(380)

 

(38)

(197)

(615)

Earnings (loss) before income taxes

 

794

 

(32)

(209)

553

Income tax (expense) benefit

 

(251)

 

(1)

26

(226)

Net earnings (loss)

 

543

 

(33)

(183)

327

Less net earnings (loss) attributable to the noncontrolling interests

 

175

 

1

176

Net earnings (loss) attributable to Liberty stockholders

$

368

 

(33)

(184)

151

8

STATEMENT OF OPERATIONS INFORMATION

Nine months ended September 30, 2018

(unaudited)

Attributed (note 1)

Liberty

SiriusXM

Braves

Formula One

Consolidated

Group

Group

Group

Liberty

amounts in millions

Revenue:

SIRIUS XM Holdings revenue

$

4,275

 

4,275

Formula 1 revenue

1,346

1,346

Other revenue

 

 

410

410

Total revenue

 

4,275

 

410

1,346

6,031

Operating costs and expenses, including stock-based compensation (note 2):

Cost of services (exclusive of depreciation shown separately below):

Revenue share and royalties

 

1,057

 

1,057

Programming and content

 

303

 

303

Customer service and billing

 

284

 

284

Other

 

92

 

92

Cost of Formula 1 revenue

945

945

Subscriber acquisition costs

 

352

352

Other operating expenses

 

89

 

247

336

Selling, general and administrative

 

640

 

72

137

849

Depreciation and amortization

 

274

 

62

345

681

 

3,091

 

381

1,427

4,899

Operating income (loss)

 

1,184

 

29

(81)

1,132

Other income (expense):

Interest expense

 

(291)

 

(19)

(143)

(453)

Share of earnings (losses) of affiliates, net

 

(2)

 

8

66

72

Realized and unrealized gains (losses) on financial instruments, net

 

69

 

1

110

180

Unrealized gains (losses) on intergroup interest (note 1)

(46)

46

Other, net

 

23

 

2

12

37

 

(201)

 

(54)

91

(164)

Earnings (loss) before income taxes

 

983

 

(25)

10

968

Income tax (expense) benefit

 

(170)

 

11

25

(134)

Net earnings (loss)

 

813

 

(14)

35

834

Less net earnings (loss) attributable to the noncontrolling interests

 

263

 

(1)

1

263

Net earnings (loss) attributable to Liberty stockholders

$

550

 

(13)

34

571

9

STATEMENT OF CASH FLOWS INFORMATION

Nine months ended September 30, 2019

(unaudited)

Attributed (note 1)

Liberty

SiriusXM

Braves

Formula One

Consolidated

Group

Group

Group

Liberty

amounts in millions

Cash flows from operating activities:

Net earnings (loss)

$

543

 

(33)

(183)

327

Adjustments to reconcile net earnings to net cash provided by operating activities:

Depreciation and amortization

 

396

 

54

340

790

Stock-based compensation

 

204

 

13

21

238

Share of (earnings) loss of affiliates, net

 

18

 

(13)

(74)

(69)

Unrealized (gains) losses on intergroup interest, net

26

(26)

Realized and unrealized (gains) losses on financial instruments, net

 

(6)

 

6

171

171

Noncash interest expense (benefit)

5

1

1

7

Deferred income tax expense (benefit)

 

232

 

7

(43)

196

Intergroup tax allocation

1

(6)

5

Intergroup tax (payments) receipts

(2)

22

(20)

Other charges (credits), net

 

58

 

8

(5)

61

Changes in operating assets and liabilities

Current and other assets

 

14

 

(37)

(38)

(61)

Payables and other liabilities

 

(26)

 

9

127

110

Net cash provided (used) by operating activities

 

1,437

 

57

276

1,770

Cash flows from investing activities:

Investments in equity method affiliates and debt and equity securities

 

(14)

 

(4)

(7)

(25)

Cash proceeds from sale of investments

373

16

389

Cash paid for acquisitions, net of cash acquired

313

313

Capital expended for property and equipment

 

(239)

 

(72)

(27)

(338)

Sales of short term investments and other marketable securities

73

 

73

Other investing activities, net

 

2

 

(4)

(2)

Net cash provided (used) by investing activities

 

508

 

(76)

(22)

410

Cash flows from financing activities:

Borrowings of debt

 

4,943

 

75

5,018

Repayments of debt

 

(4,311)

 

(29)

(5)

(4,345)

Series C Liberty SiriusXM stock repurchases

(374)

(374)

Subsidiary shares repurchased by subsidiary

 

(1,959)

 

(1,959)

Cash dividends paid by subsidiary

(52)

(52)

Taxes paid in lieu of shares issued for stock-based compensation

 

(109)

 

(1)

9

(101)

Other financing activities, net

(41)

(6)

6

(41)

Net cash provided (used) by financing activities

 

(1,903)

 

39

10

(1,854)

Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash

(5)

(5)

Net increase (decrease) in cash, cash equivalents and restricted cash

 

42

 

20

259

321

Cash, cash equivalents and restricted cash at beginning of period

 

102

 

190

160

452

Cash, cash equivalents and restricted cash at end of period

$

144

 

210

419

773

10

STATEMENT OF CASH FLOWS INFORMATION

Nine months ended September 30, 2018

(unaudited)

Attributed (note 1)

Liberty

SiriusXM

Braves

Formula One

Consolidated

Group

Group

Group

Liberty

amounts in millions

Cash flows from operating activities:

Net earnings (loss)

$

813

 

(14)

35

834

Adjustments to reconcile net earnings to net cash provided by operating activities:

Depreciation and amortization

 

274

 

62

345

681

Stock-based compensation

 

117

 

9

19

145

Share of (earnings) loss of affiliates, net

 

2

 

(8)

(66)

(72)

Unrealized (gains) losses on intergroup interest, net

46

(46)

Realized and unrealized (gains) losses on financial instruments, net

 

(69)

 

(1)

(110)

(180)

Noncash interest expense (benefit)

(9)

4

(1)

(6)

Deferred income tax expense (benefit)

 

159

 

3

(30)

132

Intergroup tax allocation

21

(14)

(7)

Other charges (credits), net

 

2

 

9

2

13

Changes in operating assets and liabilities

Current and other assets

 

(33)

 

(3)

(83)

(119)

Payables and other liabilities

 

14

 

(30)

223

207

Net cash provided (used) by operating activities

 

1,291

 

63

281

1,635

Cash flows from investing activities:

Investments in equity method affiliates and debt and equity securities

 

(397)

 

(6)

(403)

Cash proceeds from sale of investments

244

244

Cash paid for acquisitions, net of cash acquired

(1)

(1)

Capital expended for property and equipment

 

(239)

 

(15)

(11)

(265)

Other investing activities, net

 

5

 

33

5

43

Net cash provided (used) by investing activities

 

(632)

 

18

232

(382)

Cash flows from financing activities:

Borrowings of debt

 

1,899

 

123

288

2,310

Repayments of debt

 

(1,902)

 

(185)

(927)

(3,014)

Series C Liberty SiriusXM stock repurchases

(368)

(368)

Subsidiary shares repurchased by subsidiary

 

(662)

 

(662)

Cash dividends paid by subsidiary

(44)

(44)

Taxes paid in lieu of shares issued for stock-based compensation

 

(120)

 

(2)

(122)

Other financing activities, net

50

1

51

Net cash provided (used) by financing activities

 

(1,147)

 

(62)

(640)

(1,849)

Net increase (decrease) in cash, cash equivalents and restricted cash

 

(488)

 

19

(127)

(596)

Cash, cash equivalents and restricted cash at beginning of period

 

625

 

140

282

1,047

Cash, cash equivalents and restricted cash at end of period

$

137

 

159

155

451

11

Notes to Attributed Financial Information (Continued)

(unaudited)

(1)A tracking stock is a type of common stock that the issuing company intends to reflect or "track" the economic performance of a particular business or "group," rather than the economic performance of the company as a whole. While the Liberty SiriusXM Group, Liberty Braves Group (the “Braves Group”) and Formula One Group have separate collections of businesses, assets and liabilities attributed to them, no group is a separate legal entity and therefore cannot own assets, issue securities or enter into legally binding agreements. Therefore, the Liberty SiriusXM Group, Braves Group and Formula One Group do not represent separate legal entities, but rather represent those businesses, assets and liabilities that have been attributed to each respective group. Holders of tracking stock have no direct claim to the group's stock or assets and therefore, do not own, by virtue of their ownership of a Liberty tracking stock, any equity or voting interest in a company, such as Sirius XM Holdings Inc. (“SIRIUS XM Holdings”), Formula 1 or Live Nation Entertainment, Inc. (“Live Nation”), in which Liberty holds an interest and that is attributed to a Liberty tracking stock group, such as the Liberty SiriusXM Group or the Formula One Group. Holders of tracking stock are also not represented by separate boards of directors. Instead, holders of tracking stock are stockholders of the parent corporation, with a single board of directors and subject to all of the risks and liabilities of the parent corporation.

The Liberty SiriusXM Group is comprised of our consolidated subsidiary, SIRIUS XM Holdings, corporate cash, Liberty’s 2.125% Exchangeable Senior Debentures due 2048 and its margin loan obligation incurred by a wholly-owned special purpose subsidiary of Liberty. As of September 30, 2019, the Liberty SiriusXM Group has cash and cash equivalents of approximately $133 million, which includes $79 million of subsidiary cash.

The Braves Group is comprised of our consolidated subsidiary, Braves Holdings, LLC (“Braves Holdings”), which indirectly owns the Atlanta Braves Major League Baseball Club (“ANLBC”) and certain assets and liabilities associated with ANLBC’s stadium and mixed use development project (the “Development Project”) and cash. As of September 30, 2019, the Braves Group has cash and cash equivalents of approximately $142 million, which includes $57 million of subsidiary cash.

The Formula One Group is comprised of all of the businesses, assets and liabilities of Liberty other than those specifically attributed to the Liberty SiriusXM Group or the Braves Group, including Liberty’s interests in Formula 1 and Live Nation Entertainment, Inc. (“Live Nation”), a minority equity investment in AT&T Inc., cash, an intergroup interest in the Braves Group, Liberty’s 1.375% Cash Convertible Notes due 2023 and related financial instruments, Liberty’s 2.25% Exchangeable Senior Debentures due 2046 and Liberty’s 1% Cash Convertible Notes due 2023. As of September 30, 2019, the Formula One Group has cash and cash equivalents of approximately $419 million, which includes $354 million of cash held by Formula 1.

The number of notional shares representing the intergroup interest held by the Formula One Group is 9,084,940, representing an approximate 15.1% intergroup interest in the Braves Group as of September 30, 2019. The intergroup interest is a quasi-equity interest which is not represented by outstanding shares of common stock; rather, the Formula One Group has an attributed value in the Braves Group which is generally stated in terms of a number of shares of stock issuable to the Formula One Group with respect to its interest in the Braves Group. Each reporting period, the notional shares representing the intergroup interest are marked to fair value. The change in fair value is recorded in the Unrealized gain (loss) on intergroup interest line item in the unaudited attributed condensed consolidated statements of operations. The Formula One Group’s intergroup interest is reflected in the Investment in intergroup interest line item, and the Braves Group liability for the intergroup interest is reflected in the Redeemable intergroup interest line item in the unaudited attributed condensed consolidated balance sheets. Both accounts are presented as noncurrent, as there are currently no plans for the settlement of the intergroup interest. Appropriate eliminating entries are recorded in the Company’s condensed consolidated financial statements.

As the notional shares underlying the intergroup interest are not represented by outstanding shares of common stock, such shares have not been officially designated Series A, B or C Liberty Braves common stock. However, Liberty has assumed that the notional shares (if and when issued) would be comprised of Series C Liberty Braves common stock in order to not dilute voting percentages. Therefore, the market price of Series C Liberty Braves common stock is used for the quarterly mark-to-market adjustment through the unaudited attributed condensed consolidated statements of operations.

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Notes to Attributed Financial Information (Continued)

(unaudited)

The intergroup interest will remain outstanding until the redemption of the outstanding interest, at the discretion of the Company’s Board of Directors, through transfer of securities, cash and/or other assets from the Braves Group to the Formula One Group.

For information relating to investments in affiliates accounted for using the equity method and debt, see notes 7 and 9, respectively, of the accompanying condensed consolidated financial statements.

(2)Cash compensation expense for our corporate employees is allocated among the Liberty SiriusXM Group, Braves Group and the Formula One Group based on the estimated percentage of time spent providing services for each group. On an annual basis estimated time spent is determined through an interview process and a review of personnel duties unless transactions significantly change the composition of companies and investments in either respective group which would require a timelier reevaluation of estimated time spent. Other general and administrative expenses are charged directly to the groups whenever possible and are otherwise allocated based on estimated usage or some other reasonably determined methodology. Following the Recapitalization, stock compensation related to each tracking stock is calculated based on actual awards outstanding.

While we believe that this allocation method is reasonable and fair to each group, we may elect to change the allocation methodology or percentages used to allocate general and administrative expenses in the future.

(3)The intergroup balance at September 30, 2019 and December 31, 2018 is primarily a result of timing of tax benefits.
(4)The Liberty SiriusXM common stock, Liberty Braves common stock and Liberty Formula One common stock have voting and conversion rights under our restated charter. Following is a summary of those rights. Holders of Series A common stock of each group are entitled to one vote per share, and holders of Series B common stock of each group are entitled to ten votes per share. Holders of Series C common stock of each group are entitled to 1/100th of a vote per share in certain limited cases and will otherwise not be entitled to vote. In general, holders of Series A and Series B common stock vote as a single class. In certain limited circumstances, the board may elect to seek the approval of the holders of only Series A and Series B Liberty SiriusXM common stock, only Series A and Series B Liberty Braves common stock, or only Series A and Series B Liberty Formula One common stock.

At the option of the holder, each share of Series B common stock of each group will be convertible into one share of Series A common stock of the same group. At the discretion of our board, the common stock related to one group may be converted into common stock of the same series that is related to another other group.

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