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)

9 Months Ended

Sep. 30, 2018

Information About Liberty's Operating Segments


	Three months ended September 30,
	2018			2017
			Adjusted		Adjusted
	Revenue		OIBDA	Revenue	OIBDA
	amounts in millions
Liberty SiriusXM Group
SIRIUS XM	$	1,468	587	1,379	549
Corporate and other		—	(4)	—	(6)
Total Liberty SiriusXM Group		1,468	583	1,379	543
Braves Group
Corporate and other		200	72	185	48
Total Braves Group		200	72	185	48
Formula One Group
Formula 1		647	158	501	106
Corporate and other		—	(2)	—	(2)
Total Formula One Group		647	156	501	104
Consolidated Liberty	$	2,315	811	2,065	695


	Nine months ended September 30,
	2018			2017
			Adjusted		Adjusted
	Revenue		OIBDA	Revenue	OIBDA
	amounts in millions
Liberty SiriusXM Group
SIRIUS XM	$	4,275	1,659	4,021	1,568
Corporate and other		—	(15)	—	(13)
Total Liberty SiriusXM Group		4,275	1,644	4,021	1,555
Braves Group
Corporate and other		410	100	366	46
Total Braves Group		410	100	366	46
Formula One Group
Formula 1		1,346	295	1,213	288
Corporate and other		—	(12)	—	(29)
Total Formula One Group		1,346	283	1,213	259
Consolidated Liberty	$	6,031	2,027	5,600	1,860

Other Information By Segment


	September 30, 2018
	Total		Investments	Capital
	assets		in affiliates	expenditures
	amounts in millions
Liberty SiriusXM Group
SIRIUS XM	$	27,900	661	239
Corporate and other		576	—	—
Total Liberty SiriusXM Group		28,476	661	239
Braves Group
Corporate and other		1,913	97	15
Total Braves Group		1,913	97	15
Formula One Group
Formula 1		9,177	—	9
Corporate and other		2,306	972	2
Total Formula One Group		11,483	972	11
Elimination (1)		(248)	—	—
Consolidated Liberty	$	41,624	1,730	265

(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			Nine months ended
	September 30,			September 30,
	2018		2017	2018	2017
	amounts in millions
Consolidated segment Adjusted OIBDA	$	811	695	2,027	1,860
Legal settlement (note 12)		—	—	(69)	—
Stock-based compensation		(46)	(85)	(145)	(182)
Depreciation and amortization		(234)	(228)	(681)	(615)
Operating income (loss)		531	382	1,132	1,063
Interest expense		(150)	(159)	(453)	(448)
Share of earnings (losses) of affiliates, net		58	155	72	167
Realized and unrealized gains (losses) on financial instruments, net		(31)	18	180	(43)
Other, net		10	(11)	37	2
Earnings (loss) before income taxes	$	418	385	968	741