Liberty Media Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of consideration paid with the acquisition


Pandora common stock outstanding at January 31, 2019		272
Exchange ratio		1.44
Sirius XM Holdings common stock issued		392
Price per share of Sirius XM Holdings common stock as of January 31, 2019	$	5.83
Value of Sirius XM Holdings common stock issued to Pandora stockholders pursuant to the transactions		2,285
Value of Sirius XM Holdings replacement equity awards attributable to pre-combination service		70
Sirius XM Holdings' Pandora preferred stock investment cancelled		524
Total consideration	$	2,879

Schedule of Purchase Price Allocation

The final acquisition price allocation for Pandora is as follows (in millions):


Cash and cash equivalents	$	313
Trade and other receivables, net		353
Other current assets		109
Property and equipment		41
Goodwill		1,553
Intangible assets not subject to amortization		331
Intangible assets subject to amortization, net		800
Other assets		213
Accounts payable and accrued liabilities		(324)
Current portion of debt		(151)
Deferred revenue		(37)
Other current liabilities		(28)
Long-term debt (a)		(218)
Other liabilities		(76)
	$	2,879

(a) In order to present the assets acquired and liabilities assumed, the conversion feature associated with Pandora’s convertible notes for $62 million has been included within long-term debt in the table above and included within noncontrolling interest in equity of subsidiaries within the consolidated statement of equity. See note 9 for details regarding Pandora’s convertible notes.

Business Acquisition, Pro Forma Information


	Years ended December 31,
	2019		2018	2017
	amounts in millions
Revenue	$	10,419	9,617	8,987
Net earnings (loss)	$	371	533	1,577
Net earnings (loss) attributable to Liberty stockholders	$	123	294	1,130

Formula 1

Business Acquisition, Pro Forma Information


	Year ended
	December 31,
	2017
	amounts in millions
Revenue	$	7,595
Net earnings (loss)	$	1,874
Net earnings (loss) attributable to Liberty stockholders	$	1,338