Quarterly report pursuant to Section 13 or 15(d)

Information About Liberty's Operating Segments (Tables)

v3.8.0.1
Information About Liberty's Operating Segments (Tables)
3 Months Ended
Mar. 31, 2018
Information About Liberty's Operating Segments  
Performance Measures By Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  March 31,

 

 

 

2018

 

2017

 

 

    

 

 

    

Adjusted

    

 

    

Adjusted

 

 

 

Revenue

 

OIBDA

 

Revenue

 

OIBDA

 

 

 

amounts in millions

 

Liberty SiriusXM Group

 

 

 

 

 

 

 

 

 

 

SIRIUS XM

 

$

1,375

 

530

 

1,294

 

500

 

Corporate and other

 

 

 —

 

(5)

 

 —

 

(4)

 

Total Liberty SiriusXM Group

 

 

1,375

 

525

 

1,294

 

496

 

Braves Group

 

 

 

 

 

 

 

 

 

 

Corporate and other

 

 

28

 

(35)

 

 5

 

(29)

 

Total Braves Group

 

 

28

 

(35)

 

 5

 

(29)

 

Formula One Group

 

 

 

 

 

 

 

 

 

 

Formula 1

 

 

114

 

 3

 

96

 

18

 

Corporate and other

 

 

 —

 

(4)

 

 —

 

(18)

 

Total Formula One Group

 

 

114

 

(1)

 

96

 

 —

 

Consolidated Liberty

 

$

1,517

 

489

 

1,395

 

467

 

 

 

Other Information By Segment

 

 

 

 

 

 

 

 

 

 

 

March 31, 2018

 

 

    

Total

    

Investments

    

Capital

 

 

 

assets

 

in affiliates

 

expenditures

 

 

 

amounts in millions

 

Liberty SiriusXM Group

 

 

 

 

 

 

 

 

SIRIUS XM

 

$

27,860

 

651

 

82

 

Corporate and other

 

 

1,098

 

 —

 

 —

 

Total Liberty SiriusXM Group

 

 

28,958

 

651

 

82

 

Braves Group

 

 

 

 

 

 

 

 

Corporate and other

 

 

1,947

 

97

 

 6

 

Total Braves Group

 

 

1,947

 

97

 

 6

 

Formula One Group

 

 

 

 

 

 

 

 

Formula 1

 

 

9,433

 

 —

 

 1

 

Corporate and other

 

 

2,409

 

910

 

 —

 

Total Formula One Group

 

 

11,842

 

910

 

 1

 

Elimination (1)

 

 

(207)

 

 —

 

 —

 

Consolidated Liberty

 

$

42,540

 

1,658

 

89

 


(1)

This is primarily the intergroup interest in the Braves Group held by the Formula One Group, as discussed in note 3. The intergroup interest attributable to the Formula One Group is presented as an asset and the intergroup interest attributable to the Braves Group is presented as a liability in the attributed financial statements and the offsetting amounts between tracking stock groups are eliminated in consolidation.

Reconciliation of segment Adjusted OIBDA to earnings (loss) from continuing operations before income tax

 

 

 

 

 

 

 

 

 

Three months ended 

 

 

 

March 31,

 

 

    

2018

    

2017

 

 

 

amounts in millions

 

Consolidated segment Adjusted OIBDA

 

$

489

 

467

 

Stock-based compensation

 

 

(46)

 

(44)

 

Depreciation and amortization

 

 

(216)

 

(164)

 

Operating income (loss)

 

 

227

 

259

 

Interest expense

 

 

(150)

 

(140)

 

Share of earnings (losses) of affiliates, net

 

 

(8)

 

(4)

 

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

 

 

153

 

(12)

 

Other, net

 

 

 6

 

17

 

Earnings (loss) before income taxes

 

$

228

 

120