Liberty Media Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Information About Liberty's Operating Segments (Tables)

Information About Liberty's Operating Segments (Tables)

6 Months Ended

Jun. 30, 2018

Information About Liberty's Operating Segments


	Three months ended June 30,
	2018			2017
			Adjusted		Adjusted
	Revenue		OIBDA	Revenue	OIBDA
	amounts in millions
Liberty SiriusXM Group
SIRIUS XM	$	1,432	542	1,348	519
Corporate and other		—	(6)	—	(3)
Total Liberty SiriusXM Group		1,432	536	1,348	516
Braves Group
Corporate and other		182	63	176	27
Total Braves Group		182	63	176	27
Formula One Group
Formula 1		585	134	616	164
Corporate and other		—	(6)	—	(9)
Total Formula One Group		585	128	616	155
Consolidated Liberty	$	2,199	727	2,140	698


	Six months ended June 30,
	2018			2017
			Adjusted		Adjusted
	Revenue		OIBDA	Revenue	OIBDA
	amounts in millions
Liberty SiriusXM Group
SIRIUS XM	$	2,807	1,072	2,642	1,019
Corporate and other		—	(11)	—	(7)
Total Liberty SiriusXM Group		2,807	1,061	2,642	1,012
Braves Group
Corporate and other		210	28	181	(2)
Total Braves Group		210	28	181	(2)
Formula One Group
Formula 1		699	137	712	182
Corporate and other		—	(10)	—	(27)
Total Formula One Group		699	127	712	155
Consolidated Liberty	$	3,716	1,216	3,535	1,165

Other Information By Segment


	June 30, 2018
	Total		Investments	Capital
	assets		in affiliates	expenditures
	amounts in millions
Liberty SiriusXM Group
SIRIUS XM	$	27,899	642	174
Corporate and other		615	—	—
Total Liberty SiriusXM Group		28,514	642	174
Braves Group
Corporate and other		1,939	97	14
Total Braves Group		1,939	97	14
Formula One Group
Formula 1		9,327	—	1
Corporate and other		2,262	920	2
Total Formula One Group		11,589	920	3
Elimination (1)		(235)	—	—
Consolidated Liberty	$	41,807	1,659	191

(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			Six months ended
	June 30,			June 30,
	2018		2017	2018	2017
	amounts in millions
Consolidated segment Adjusted OIBDA	$	727	698	1,216	1,165
Legal settlement (note 12)		(69)	—	(69)	—
Stock-based compensation		(53)	(53)	(99)	(97)
Depreciation and amortization		(231)	(223)	(447)	(387)
Operating income (loss)		374	422	601	681
Interest expense		(153)	(149)	(303)	(289)
Share of earnings (losses) of affiliates, net		22	16	14	12
Realized and unrealized gains (losses) on financial instruments, net		58	(49)	211	(61)
Other, net		21	(4)	27	13
Earnings (loss) before income taxes	$	322	236	550	356