Quarterly report pursuant to Section 13 or 15(d)

Investments in Debt and Equity Securities

v3.19.1
Investments in Debt and Equity Securities
3 Months Ended
Mar. 31, 2019
Investments in Debt and Equity Securities  
Investments in Debt and Equity Securities

(7)   Investments in Debt and Equity Securities

All investments in marketable debt and equity securities held by the Company are carried at fair value, generally based on quoted market prices, and changes in the fair value of such securities are reported in realized and unrealized gains (losses) on financial instruments in the accompanying condensed consolidated statements of operations. The Company elected the measurement alternative (defined as the cost of the security, adjusted for changes in fair value when there are observable prices, less impairments) for its equity securities without readily determinable fair values.

Investments in debt and equity securities are summarized as follows:

 

 

 

 

 

 

 

 

    

March 31,

    

December 31,

 

 

 

2019

 

2018

 

 

 

amounts in millions

 

Liberty SiriusXM Group

 

 

 

 

 

 

Debt securities

 

 

 

 

 

 

Pandora (a)

 

$

 —

 

523

 

iHeart

 

 

456

 

444

 

Total attributed Liberty SiriusXM Group

 

 

456

 

967

 

 

 

 

 

 

 

 

Braves Group

 

 

 

 

 

 

Other equity securities

 

 

 8

 

 8

 

Total attributed Braves Group

 

 

 8

 

 8

 

 

 

 

 

 

 

 

Formula One Group

 

 

 

 

 

 

Equity securities

    

 

 

    

 

 

AT&T

 

 

192

 

174

 

Other

 

 

131

 

129

 

Total attributed Formula One Group

 

 

323

 

303

 

 

 

 

 

 

 

 

Consolidated Liberty

 

$

787

 

1,278

 


(a)

Pandora’s Series A convertible preferred stock was cancelled upon completion of SIRIUS XM Holdings’ acquisition of Pandora. See note 3 for information regarding the acquisition of Pandora.